Financial Performance - For Q1 2024, the revenue was RMB 1,703.8 million (USD 236.0 million), an increase of 33.4% compared to RMB 1,277.5 million in Q1 2023[4] - The adjusted net profit for Q1 2024 was RMB 530.7 million (USD 73.5 million), a significant increase of 116.6% from RMB 245.0 million in Q1 2023[4] - The net profit for Q1 2024 was RMB 241.7 million (USD 33.5 million), significantly up from RMB 32.7 million in Q1 2023[7] - Total revenue for the three months ended March 31, 2024, was RMB 1,703,753 thousand, representing a 33.2% increase from RMB 1,277,546 thousand for the same period in 2023[16] - Adjusted net profit for the three months ended March 31, 2024, was RMB 533,928 thousand, up 118.5% from RMB 244,954 thousand in the same period of 2023[19] - The company reported net profit of RMB 241,724 thousand for the three months ended March 31, 2024, compared to RMB 32,663 thousand in the same period of 2023, indicating a significant growth[19] User and Client Growth - The average monthly active users reached 46.6 million, up 17.4% from 39.7 million in the same period last year[4] - The total number of paying enterprise clients increased to 5.7 million, representing a growth of 42.5% from 4.0 million in the previous year[4] Operating Costs and Expenses - Operating costs and expenses totaled RMB 1,612.8 million (USD 223.4 million), an increase of 17.4% from RMB 1,373.7 million in Q1 2023[6] - Research and development expenses rose to RMB 467.6 million (USD 64.8 million), a 40.4% increase compared to RMB 333.1 million in Q1 2023[6] - Marketing expenses decreased to RMB 579.3 million (USD 80.2 million), a reduction of 7.9% from RMB 628.8 million in the same quarter last year[6] Profitability Metrics - The adjusted operating profit margin for Q1 2024 was reported at 23%, demonstrating the efficiency of the company's business model[4] - In Q1 2024, the operating profit was RMB 103.6 million (USD 14.3 million), compared to an operating loss of RMB 77.3 million in the same period of 2023[7] - Basic and diluted earnings per American Depositary Share (ADS) for Q1 2024 were RMB 0.56 (USD 0.08) and RMB 0.54 (USD 0.07), respectively, compared to RMB 0.08 and RMB 0.07 in Q1 2023[7] - Adjusted basic and diluted earnings per ADS for Q1 2024 were RMB 1.21 (USD 0.17) and RMB 1.18 (USD 0.16), respectively, compared to RMB 0.57 and RMB 0.54 in Q1 2023[7] Cash Flow and Liquidity - Operating cash flow for Q1 2024 was RMB 905.5 million (USD 125.4 million), up 66.5% from RMB 543.9 million in Q1 2023[8] - As of March 31, 2024, cash and cash equivalents totaled RMB 11,901.6 million (USD 1,648.4 million)[9] - Cash flow from operating activities for the three months ended March 31, 2024, was RMB 905,541 thousand, up from RMB 543,910 thousand for the same period in 2023[18] - Cash collections for the three months ended March 31, 2024, were RMB 2,050,681 thousand, an increase from RMB 1,649,557 thousand in the same period of 2023[19] Future Outlook - The company aims to leverage its growing user base and technological capabilities to support long-term growth potential[4] - The company expects total revenue for Q2 2024 to be between RMB 1.91 billion and RMB 1.96 billion, representing a year-over-year increase of 28.4% to 31.7%[10] - The company continues to focus on product development and market expansion strategies to drive future growth[19] Shareholder Returns - The company approved a new share repurchase plan in March 2024, allowing for the repurchase of up to USD 200 million worth of shares over the next 12 months[9] Assets and Liabilities - Total assets as of March 31, 2024, amounted to RMB 18,717,077 thousand, an increase from RMB 17,940,048 thousand as of December 31, 2023[17] - Total liabilities as of March 31, 2024, were RMB 4,601,985 thousand, an increase from RMB 4,510,855 thousand as of December 31, 2023[17] Investment Activities - The company experienced a net cash outflow from investing activities of RMB 523,462 thousand for the three months ended March 31, 2024, compared to an outflow of RMB 3,962,775 thousand for the same period in 2023[18]
BOSS直聘-W(02076) - 2024 Q1 - 季度业绩