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BOSS ZHIPIN(BZ) - 2022 Q4 - Annual Report
2022-12-15 16:00
TABLE OF CONTENTS Exhibit 99.1 KANZHUN LIMITED Supplemental and Updated Disclosures KANZHUN LIMITED (the "Company" or "we") has published a listing document (the "Listing Document") with the Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), subsequent to its initial application filed with the Hong Kong Stock Exchange on October 10, 2022, in connection with a proposed dual primary listing (the "Listing") of its Class A ordinary shares on the Main Board of the Hong Kong Stock Exchange by w ...
BOSS ZHIPIN(BZ) - 2022 Q3 - Earnings Call Transcript
2022-11-30 09:08
Kanzhun Limited (NASDAQ:BZ) Q3 2022 Earnings Conference Call November 29, 2022 7:00 AM ET Company Participants Wen Bei Wang - Head of Investor Relations Jonathan Zhao - Chairman & Chief Executive Officer Phil Yu Zhang - Chief Financial Officer Conference Call Participants Eddy Wang - Morgan Stanley Timothy Zhao - Goldman Sachs Wei Xiong - UBS Natalie Wu - Haitong International Operator Ladies and gentlemen, thank you for standing by. And welcome to the Kanzhun Limited Third Quarter 2022 Financial Results C ...
BOSS ZHIPIN(BZ) - 2022 Q3 - Quarterly Report
2022-10-10 16:00
TABLE OF CONTENTS Exhibit 99.1 KANZHUN LIMITED Supplemental and Updated Disclosures KANZHUN LIMITED (the "Company" or "we") has filed an application (the "Listing Application") with the Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") in connection with a proposed dual primary listing (the "Listing") of its Class A ordinary shares on the Main Board of the Hong Kong Stock Exchange. The Listing Application contains new and supplemental descriptions of certain aspects of the Company's busin ...
BOSS ZHIPIN(BZ) - 2022 Q2 - Earnings Call Transcript
2022-08-23 18:24
Kanzhun Limited (NASDAQ:BZ) Q2 2022 Earnings Conference Call August 23, 2022 8:00 AM ET Company Participants Wen Bei Wang - Head, IR Jonathan Peng Zhao - Chairman & CEO Phil Yu Zhang - CFO & Director Conference Call Participants Timothy Zhao - Goldman Sachs Group Wei Xiong - UBS Natalie Wu - Haitong International Research Limited Tian Hou - TH Data Capital Operator Ladies and gentlemen, thank you for standing by, and welcome to the Kanzhun Limited Second Quarter 2022 Financial Results Conference Call. [Oper ...
BOSS ZHIPIN(BZ) - 2022 Q1 - Earnings Call Transcript
2022-06-24 14:57
Kanzhun Limited (NASDAQ:BZ) Q1 2022 Earnings Conference Call June 24, 2022 8:00 AM ET Company Participants Wen Bei Wang - Head of Investor Relations Jonathan Peng Zhao - Founder, Chairman and CEO Phil Yu Zhang - Director and Chief Financial Officer Conference Call Participants Eddy Wang - Morgan Stanley Timothy Zhao - Goldman Sachs Wei Xiong - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to the Kanzhun Limited First Quarter 2022 Financial Results Conference Call. At this time, a ...
BOSS ZHIPIN(BZ) - 2022 Q2 - Quarterly Report
2022-06-23 16:00
Exhibit 99.1 KANZHUN LIMITED Announces First Quarter 2022 Financial Results BEIJING, June 24, 2022 (GLOBE NEWSWIRE) – KANZHUN LIMITED ("BOSS Zhipin" or the "Company") (Nasdaq: BZ), a leading online recruitment platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights ● Revenues for the first quarter of 2022 were RMB1,137.9 million (US$179.5 million), an increase of 44.3% from RMB788.5 million for the same quarter of 2021. ● C ...
BOSS ZHIPIN(BZ) - 2021 Q4 - Annual Report
2022-04-27 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...
BOSS ZHIPIN(BZ) - 2021 Q4 - Earnings Call Transcript
2022-03-23 23:11
Kanzhun Limited (NASDAQ:BZ) Q4 2021 Earnings Conference Call March 23, 2022 8:00 AM ET Company Participants Wendy Wang - Head of Investor Relations Jonathan Peng Zhao - Founder, Chairman and CEO Phil Yu Zhang - Director and Chief Financial Officer Conference Call Participants Eddy Wang - Morgan Stanley Timothy Zhao - Goldman Sachs Wei Xiong - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to Kanzhun Limited Fourth Quarter and Full Year 2021 Financial Results Conference Call. [Oper ...
BOSS ZHIPIN(BZ) - 2022 Q1 - Quarterly Report
2022-03-22 16:00
Exhibit 99.1 KANZHUN LIMITED Announces Fourth Quarter and Full Year 2021 Financial Results BEIJING, March 23, 2022 (GLOBE NEWSWIRE) – KANZHUN LIMITED ("BOSS Zhipin" or the "Company") (Nasdaq: BZ), a leading online recruitment platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter and Full Year 2021 Highlights ● Revenues for the fourth quarter of 2021 were RMB1,090.7 million (US$171.1 million), an increase of 69.1% from ...
BOSS ZHIPIN(BZ) - 2021 Q3 - Earnings Call Transcript
2021-11-23 17:10
Financial Data and Key Metrics Changes - Total revenue for Q3 2021 reached RMB 1.21 billion, representing a year-on-year increase of 105% [6][15] - Adjusted net income, excluding share-based compensation, was RMB 385 million, with an adjusted net margin of 31.8%, a 23 percentage point improvement year-on-year [17] - Monthly active users (MAUs) on the BOSS Zhipin app reached 28.6 million, reflecting a year-on-year growth rate of 28.6% [6][15] - Cash and cash equivalents, along with short-term investments, totaled RMB 11.9 billion as of September 30, 2021 [18] Business Line Data and Key Metrics Changes - Online recruitment services accounted for over 99% of total revenues, with calculated cash billings increasing by 62% to RMB 1.2 billion [15][16] - The number of paid enterprise customers reached a record 4.0 million in the 12 months ending September 30, 2021 [15] Market Data and Key Metrics Changes - Despite the suspension of new user registrations, the company maintained a stable user base with only mid-single digit decreases in MAUs quarter-over-quarter [7][15] - User engagement metrics, including daily active users (DAUs) as a percentage of MAUs and user retention rates, remained stable [7] Company Strategy and Development Direction - The company is focusing on improving services for existing users during the suspension of new user registrations, emphasizing the development of core competencies [5][10] - There is a strategic push towards enhancing blue-collar services, with increased revenue contributions from urban service sectors and efforts to improve job posting authentication [10][11] - Continued investment in technology and infrastructure is prioritized, with a focus on data security and privacy protection [12][19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the cybersecurity review but expressed confidence in the robustness of the business model [5][12] - The company is actively cooperating with regulators and enhancing data security measures to expedite the review process [23][24] - Future revenue guidance for Q4 2021 is projected between RMB 1.02 billion and RMB 1.05 billion, reflecting a year-on-year growth rate of approximately 58% to 62% [19] Other Important Information - The company has initiated a business optimization program and an existing user protection plan to better serve senior job seekers and enhance user experience [8][9] - The management emphasized the importance of social responsibility in providing services to disadvantaged job seekers [32][40] Q&A Session Summary Question: Impact of macroeconomic slowdown on online recruitment segment - Management acknowledged that the macroeconomic environment could impact the recruitment business but noted that small and micro enterprises are relatively resilient [22][24] Question: Timeline for completion of cybersecurity investigation - Management stated that there is no clear timeline for the completion of the cybersecurity review but is actively cooperating with regulators [23] Question: Changes in competitive landscape due to user growth suspension - Management indicated that there have been no significant changes in the competitive landscape, maintaining a healthy user engagement level [30] Question: User growth outlook for next year - Management could not provide a specific user growth target due to uncertainty regarding the resumption of new user registrations [35][36] Question: Revenue model for senior job seekers - Management is focusing on providing better services for senior job seekers but does not have a clear revenue model for this segment yet [39][40]