Financial Performance - For Q4 2023, the revenue was RMB 1,580.2 million (USD 222.6 million), a 46.0% increase from RMB 1,082.3 million in Q4 2022[4] - For the full year 2023, the revenue reached RMB 5,952.0 million (USD 838.3 million), up 31.9% from RMB 4,511.1 million in 2022[4] - The net profit for Q4 2023 was RMB 331.2 million (USD 46.7 million), compared to a net loss of RMB 184.8 million in Q4 2022[4] - Adjusted net profit for Q4 2023 was RMB 628.6 million (USD 88.5 million), significantly up from RMB 59.5 million in Q4 2022[4] - The net profit for the year 2023 was RMB 1,099,218 thousand, compared to a net loss of RMB 107,245 thousand in 2022, marking a significant turnaround[22] - Adjusted net profit for the full year 2023 was RMB 2,156.2 million (USD 303.7 million), compared to RMB 799.4 million in 2022, driven by improved operational efficiency and increased interest and investment income[12] - The adjusted net profit for Q4 2023 was RMB 628,647 thousand, compared to a loss of RMB 184,793 thousand in Q4 2022, marking a turnaround of over 440%[25] User Metrics - The average monthly active users for Q4 2023 were 41.2 million, a 33.3% increase from 30.9 million in Q4 2022[4] - The total number of paying enterprise customers reached 5.2 million for the year, a 44.4% increase from 3.6 million in 2022[4] Operating Costs and Expenses - The operating costs for Q4 2023 totaled RMB 1,363.3 million (USD 192.0 million), a decrease of 4.4% from RMB 1,426.1 million in Q4 2022[6] - Total operating costs and expenses for the full year 2023 were RMB 5,406.4 million (USD 761.5 million), an increase of 16.1% from RMB 4,658.2 million in 2022[11] - Marketing expenses for Q4 2023 were RMB 433.5 million (USD 61.1 million), a 36.4% decrease from RMB 682.1 million in Q4 2022 due to reduced advertising costs[6] - R&D expenses for Q4 2023 were RMB 430.2 million (USD 60.6 million), an increase of 46.3% compared to RMB 294.1 million in Q4 2022, primarily due to higher employee-related costs and increased technology investments[7] Cash Flow and Liquidity - Operating cash flow for Q4 2023 was RMB 926.8 million (USD 130.5 million), a substantial increase from RMB 155.5 million in Q4 2022[9] - The net cash flow from operating activities for Q4 2023 was RMB 926,837 thousand, a significant increase from RMB 155,543 thousand in Q4 2022, representing a growth of 495%[24] - Cash and cash equivalents decreased to RMB 2,472,959 thousand as of December 31, 2023, down from RMB 9,751,824 thousand at the end of 2022[23] - The cash and cash equivalents at the end of Q4 2023 were RMB 2,472,959 thousand, a slight increase from RMB 2,444,620 thousand at the end of Q3 2022[24] - The company reported a net cash flow from financing activities of RMB (442,151) thousand in Q4 2023, down from RMB (627,954) thousand in Q4 2022, indicating reduced financing outflows[24] Future Outlook - The company expects total revenue for Q1 2024 to be between RMB 1.64 billion and RMB 1.67 billion, representing a year-over-year increase of 28.3% to 30.7%[16] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22] Recruitment Services - The online recruitment service revenue for enterprise clients in Q4 2023 was RMB 1,566.7 million (USD 220.7 million), a 46.5% increase from RMB 1,069.6 million in Q4 2022[5] - Revenue from online recruitment services for enterprise clients in 2023 was RMB 5,889.1 million (USD 829.5 million), up 32.0% from RMB 4,461.3 million in 2022, driven by user growth and engagement[10] Shareholder Returns - The company approved a new share repurchase plan in March 2024, allowing for the repurchase of up to USD 200 million of shares over a 12-month period[15] Financial Metrics and Definitions - The company utilizes non-GAAP financial metrics such as adjusted net profit and adjusted earnings per share to assess operational performance[19] - Non-GAAP financial metrics are not defined by US GAAP and should not replace the most directly comparable GAAP financial metrics[20] - The company emphasizes the importance of cash receipts as a key indicator of financial performance and service demand[19] - Cash receipts calculated from deferred revenue changes plus recognized income are used to measure sales growth, indicating strong service demand[19] Company Overview - The company operates China's leading online recruitment platform "BOSS Zhipin," which connects job seekers and corporate users through a highly interactive mobile application[21] - The mobile application focuses on intelligent recommendations and creates new scenarios in the online recruitment process[21] - The strong network effect from a large and diverse user base enhances recruitment efficiency and drives rapid expansion[21]
BOSS直聘-W(02076) - 2023 Q4 - 季度业绩