Financial Performance - For the six months ended June 30, 2024, total revenue reached RMB 3,620,496 thousand, representing a 30.9% increase compared to RMB 2,765,161 thousand in the same period of 2023[2] - Adjusted net profit for the same period was RMB 771,642 thousand, a significant increase of 101.1% from RMB 383,740 thousand in 2023[2] - Revenue from online recruitment services for corporate clients increased by 31.0% to RMB 3.6 billion for the six months ended June 30, 2024, compared to RMB 2.7 billion for the same period in 2023[13] - Total revenue rose by 30.9% to RMB 3.6 billion for the six months ended June 30, 2024, from RMB 2.8 billion for the same period in 2023[15] - Operating profit for the six months ended June 30, 2024, was RMB 462.2 million, a significant increase from RMB 97.7 million for the same period in 2023[20] - Net profit surged by 92.5% to RMB 659.0 million for the six months ended June 30, 2024, compared to RMB 342.3 million for the same period in 2023[21] - Basic earnings per share increased from RMB 0.39 for the six months ended June 30, 2023, to RMB 0.75 for the same period in 2024, reflecting a growth of approximately 92.3%[49] User Metrics - The average monthly active users (MAUs) grew to 50.6 million, up 21.3% from 41.7 million in the previous year[5] - The average daily active users (DAUs) as a percentage of MAUs remained stable at 25.2% compared to the same period last year[5] Expenses and Profitability - The adjusted operating profit margin reached a historical high, increasing by 5 percentage points year-on-year, driven by effective cost control[6] - Research and development expenses accounted for 23.2% of total revenue, maintaining a leading position in the industry[6] - Research and development expenses increased by 30.4% to RMB 911.3 million for the six months ended June 30, 2024, from RMB 699.0 million for the same period in 2023[18] - General and administrative expenses rose by 44.6% to RMB 531.7 million for the six months ended June 30, 2024, compared to RMB 367.6 million for the same period in 2023[19] - Marketing expenses remained stable at RMB 1,124.4 million for the six months ended June 30, 2024, compared to RMB 1,100.4 million for the same period in 2023[17] Cash Flow and Financial Position - Operating cash flow for the six months ended June 30, 2024, was RMB 1.8 billion[21] - The company has no interest-bearing bank or other borrowings as of June 30, 2024[21] - Cash and cash equivalents increased from RMB 2.74 billion at the end of 2023 to RMB 3.47 billion at the end of June 2024, an increase of 26.7%[39] - The company reported a net cash inflow from operating activities of RMB 1,774.1 million for the six months ended June 30, 2024, compared to RMB 1,307.6 million for the same period in 2023, an increase of 35.7%[39] - As of June 30, 2024, the group had no borrowings, resulting in a debt-to-equity ratio of zero[24] Shareholder Returns and Repurchase Plans - The company is committed to increasing shareholder returns through ongoing share repurchase initiatives[6] - A new share repurchase plan was approved by the board, allowing the company to repurchase up to 7,994,506.16[33] - The company repurchased a total of 848,874 Class A ordinary shares during the reporting period, with a total consideration of approximately 52.7 million (RMB 374.3 million) on February 6, 2024[42] - The fair value of the acquired net assets includes cash and cash equivalents of RMB 224.0 million, other receivables of RMB 37.1 million, and property, plant, and equipment of RMB 43.3 million[43] Taxation and Liabilities - The total current tax expense for the six months ended June 30, 2024, was RMB 114.69 million, compared to RMB 27.07 million for the same period in 2023[48] - The company benefits from a reduced corporate income tax rate of 15% as a high-tech enterprise in China[47] - As of June 30, 2024, the group had no significant contingent liabilities or capital commitments[26] Employee Metrics - The group employed a total of 5,429 employees, with 51.2% in sales and marketing, 24.3% in R&D, 18.8% in operations, and 5.7% in general administration[27] Other Financial Metrics - The company's total assets increased from RMB 17.94 billion as of December 31, 2023, to RMB 19.16 billion as of June 30, 2024, marking a growth of 6.8%[38] - The total amount of short-term investments increased from RMB 3,513.89 million as of December 31, 2023, to RMB 5,542.51 million as of June 30, 2024[49] - As of June 30, 2024, the group held fixed-rate notes issued by UBS AG with a subscription principal of 148.3 million, with interest accrued during the reporting period amounting to about $4.0 million[22]
BOSS直聘-W(02076) - 2024 - 中期业绩