香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 截至2025年9月30日止第三季度的未經審計財務業績 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.09條及《證券及期 貨條例》（香港法例第571章）第XIVA部刊發。 看準科技有限公司（「本公司」）欣然公佈根據美國證券交易委員會（「美國證監會」） 的適用規則刊發的本公司、其附屬公司及合併聯屬實體截至2025年9月30日止三 個月的未經審計合併業績（「2025年第三季度財務業績」）。 2025年第三季度財務業績乃根據不同於國際財務報告準則的美國公認會計準則編 製。 KANZHUN LIMITED 看準科技有限公司 （於開曼群島註冊成立以同股不同權控制的有限責任公司） （股份代號：2076） （納斯達克股份代碼：BZ） 內幕消息 本文附表一為本公司於2025年11月18日（美國東部時間）刊發的有關2025年第三 季度財務業績的新聞稿全文，其中部分內容可能構成本公司的重大內幕消息。 1 本公告包含 ...

Financial Performance - Revenues for the third quarter of 2025 were RMB2,163.3 million (US$303.9 million), representing a year-on-year increase of 13.2% from RMB1,911.6 million in the same quarter of 2024[7] - Net income for the third quarter of 2025 was RMB775.4 million (US$108.9 million), reflecting a 67.2% increase from RMB463.8 million in the same quarter of 2024[11] - Adjusted net income for the third quarter of 2025 was RMB991.8 million (US$139.3 million), an increase of 34.2% from RMB738.9 million in the same quarter of 2024[11] - Operating income for the three months ended September 30, 2025, was RMB 687,123, a significant increase of 108.1% year-over-year[28] - Net income for the nine months ended September 30, 2025, reached RMB 2,041,165, up 80.5% compared to the same period in 2024[28] Customer Metrics - The number of paid enterprise customers increased by 13.3% year-on-year to 6.8 million, up from 6.0 million in the previous year[6] - Average monthly active users for the third quarter of 2025 reached 63.8 million, a 10.0% increase from 58.0 million in the same quarter of 2024[6] Cost and Expenses - Total operating costs and expenses decreased by 7.0% to RMB1,476.2 million (US$207.4 million) compared to RMB1,586.9 million in the same quarter of 2024[8] - Research and development expenses for the three months ended September 30, 2025, decreased to RMB 408,019, down 12.1% from RMB 464,151 in the same period of 2024[28] - Share-based compensation expenses for the three months ended September 30, 2024, were RMB 275,067,000, down from RMB 687,123,000 in the same period of 2023, indicating a decrease of about 60%[35] Cash and Assets - The balance of cash and cash equivalents as of September 30, 2025, was RMB19,214.4 million (US$2,699.0 million)[15] - Cash and cash equivalents as of September 30, 2025, amounted to RMB 4,698,085, reflecting a substantial increase from RMB 2,553,090 at the beginning of the year[31] - Total assets as of September 30, 2025, were RMB 24,156,544, an increase from RMB 19,310,672 as of December 31, 2024[31] Future Outlook - The company expects total revenues for the fourth quarter of 2025 to be between RMB2.05 billion and RMB2.07 billion, indicating a year-on-year increase of 12.4% to 13.5%[17] Earnings Per Share - The company reported a net income per ordinary share (diluted) of RMB 0.85 for the three months ended September 30, 2025, compared to RMB 0.52 in the same period of 2024[28] - The adjusted net income per ordinary share (diluted) for the three months ended September 30, 2024, was RMB 1.08, compared to RMB 0.82 in the same period of 2023, indicating a growth of approximately 32%[35] Historical Comparisons - For the three months ended September 30, 2024, the adjusted income from operations was RMB 605,250,000, representing a significant increase from RMB 330,183,000 in the same period of 2023, which is a growth of approximately 83%[35] - The net income for the nine months ended September 30, 2024, reached RMB 1,122,801,000, up from RMB 792,385,000 in the previous year, marking an increase of about 42%[35] - The adjusted net income attributable to ordinary shareholders for the three months ended September 30, 2024, was RMB 743,439,000, compared to RMB 468,372,000 in the same quarter of 2023, reflecting a growth of approximately 58%[35]

Investment Rating - The report maintains an "Outperform" rating for the company, with a target price set at 35.6 RMB, reflecting a potential upside of 34% [5][8]. Core Insights - The company is expected to achieve net profits attributable to shareholders of 1.11 billion RMB in 2025, 1.01 billion RMB in 2026, and 1.12 billion RMB in 2027, with significant growth driven by non-recurring gains from the transfer of shares in Beijing Urban-Rural Commercial (Group) Co., Ltd. [5][9]. - Despite a slight decline in revenue in Q3 2025 due to macroeconomic factors, the company demonstrated resilience, with a year-on-year revenue of 11.12 billion RMB, down 1.74% [9][11]. - The company has effectively controlled costs, with a decrease in sales expense ratio to 1.09% and general and administrative expense ratio to 1.89% in Q3 2025 [11]. Financial Summary - Total revenue projections for the company are as follows: 38.31 billion RMB in 2023, 43.03 billion RMB in 2024, 46.82 billion RMB in 2025, 52.66 billion RMB in 2026, and 57.44 billion RMB in 2027, reflecting growth rates of 18.5%, 12.3%, 8.8%, 12.5%, and 9.1% respectively [2][4]. - Net profit attributable to shareholders is projected to be 548 million RMB in 2023, 791 million RMB in 2024, 1.11 billion RMB in 2025, 1.01 billion RMB in 2026, and 1.12 billion RMB in 2027, with growth rates of 32.2%, 44.4%, 40.0%, -8.9%, and 10.6% respectively [2][4]. - The earnings per share (EPS) is expected to increase from 0.97 RMB in 2023 to 1.96 RMB in 2025, before slightly declining to 1.78 RMB in 2026 and recovering to 1.97 RMB in 2027 [2][4]. Operational Highlights - The company is leveraging AI technology to enhance its recruitment processes, achieving a fully digitized management system that reduces reliance on external platforms and improves recruitment efficiency [11]. - The timing of government subsidies has varied, impacting quarterly growth rates, with significant amounts recorded in different quarters of 2024 and 2025 [10].

Core Insights - The news highlights the necessity for companies to pay for job postings on platforms like BOSS Zhipin, emphasizing that the payment is for recruitment efficiency rather than just the act of posting jobs [1][2] - Companies are increasingly opting to pay for higher visibility and access to a larger pool of candidates, reflecting a common business model in the internet industry [2][3] Group 1: Recruitment Dynamics - Companies are required to pay for job postings to gain access to a larger "traffic" of potential candidates, which allows for quicker and more effective recruitment [1][2] - The competition for basic positions such as receptionists and service staff is intense, necessitating the use of paid platforms to attract suitable candidates [1] Group 2: Cost Efficiency - The payment for job postings is viewed as a rational expenditure by companies, as they are essentially trading money for time and efficiency in the recruitment process [3] - Companies that frequently hire for multiple positions may find it more cost-effective to purchase a package deal for job postings rather than paying for individual listings [2]

苏姿丰表示，投资算力是一场正确的"赌博"，预计AMD未来3～5年公司年收入将增长35%，股价一度大涨10.94%。 美国三大股指收盘涨跌不一，道指续创收盘新高，中概股多数下跌。 国际贵金属期货普遍收涨。 道指续创收盘新高 美国三大股指收盘涨跌不一，道指涨0.68%，报48254.82点，续创收盘新高；标普500指数涨0.06%，报6850.92点；纳指跌0.26%，报23406.46点。 | 高盛集团涨3.55%，联合健康集团涨3.55%，思科涨3.14%，领涨道指成份股。 | | --- | 中概股多数下跌，纳斯达克中国金龙指数跌1.46%，万得中概科技龙头指数跌0.46%。 中概股多数下跌 | 8112.98 | | 昨收 | 8233.31 | 成交额 | 0.00 | | --- | --- | --- | --- | --- | --- | | -120.33 | -1.46% | 今开 | 8224.16 | 成交量 | 0 | | 上涨 | 0 | 곡물 | 0 | 下跌 | 0 | | 最高价 | 8227.64 | 市盈率 | 21.3 | 近20日 | -1.69% | | 最低价 | 8 ...

牛市来了还没上车？上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限 量发放！先到先得！ 人工智能正加速美国就业市场降温，叠加AI公司寻求美国政府"担保"等误解，美股三大指数齐跌。 当地时间11月7日，纳斯达克指数下跌1.9%，标普500指数下跌1.12%，道琼斯工业平均指数下跌 0.84%。个股方面特斯拉股价下跌超3%，但随着特斯拉股东批准了首席执行官马斯克价值1万亿美元的 薪酬协议，盘后股价一度有所回升。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | DJI | 道琼斯工业平均 | 46912.30c | -398.70 | -0.84% | | IXIC | 纳斯达克指数 | 23053.99c | -445.81 | -1.90% | | SPX | 标普500 | 6720.32c | -75.97 | -1.12% | "AI担忧"加剧，三大指数集体收跌 美股大型科技股出现普跌，英伟达和特斯拉跌幅均超3%，英特尔、亚马逊、Meta跌超2%，微软跌超 1%，奈飞、苹果股价也小幅下跌。据了解，微软已经连 ...

Market Performance - The three major U.S. stock indices closed lower, with the Dow Jones down 0.84% at 46,912.3 points, the S&P 500 down 1.12% at 6,720.32 points, and the Nasdaq down 1.9% at 23,053.99 points [1] - Major tech stocks fell, with Nvidia and Tesla dropping over 3%, Intel, Amazon, and Meta down over 2%, and Microsoft down over 1% [1] - Popular Chinese concept stocks showed mixed results, with Xiaoma Zhixing down over 8%, Zai Ding Pharmaceutical down over 6%, and NIO down over 1%, while XPeng Motors rose over 9% and Baidu up over 3% [1] European Market - European stock indices also closed lower, with Germany's DAX down 1.29% at 23,740.38 points, France's CAC40 down 1.36% at 7,964.77 points, and the UK's FTSE 100 down 0.42% at 9,735.78 points [1] Commodity Prices - International precious metal futures generally declined, with COMEX gold futures down 0.20% at $3,984.80 per ounce and COMEX silver futures down 0.37% at $47.85 per ounce [1] - U.S. oil futures fell slightly, with the main contract down 0.12% at $59.53 per barrel and Brent crude down 0.08% at $63.47 per barrel [1] Currency and Bond Markets - The U.S. dollar index decreased by 0.45% to 99.70, while the offshore RMB appreciated against the dollar by 104 basis points to 7.1209 [1] - U.S. Treasury yields collectively fell, with the 2-year yield down 7.20 basis points to 3.553% and the 10-year yield down 7.60 basis points to 4.083% [1] - European bond yields also declined, with the UK 10-year yield down 2.9 basis points to 4.432% and Germany's 10-year yield down 2.3 basis points to 2.648% [1]

Economic Data - In October, U.S. companies announced layoffs of 153,000, a month-on-month increase of 183.1%, marking the highest October figure since 2003 [3] - Year-to-date, total layoffs in the U.S. have reached 1.1 million, a year-on-year increase of 65%, the highest level since the pandemic [3] - International oil prices fell, with WTI crude futures at $59.43 per barrel, down 0.29%, and Brent crude at $63.38 per barrel, down 0.22% [3] - COMEX gold futures closed down 0.05% at $3,991.0 per ounce [3] Company Updates - Huahong Semiconductor reported record sales revenue in Q3, with a year-on-year increase of 20.7% [5] - BeiGene expects revenue for 2025 to be between 36.2 billion and 38.1 billion yuan [5] - Weichai Power plans to establish a production line for batteries and stacks aimed at the fixed power generation market, targeting AI data centers and similar applications [5] - ST Suwu may face forced delisting due to legal violations and has indicated multiple risks [5] - Qujiang Cultural Tourism's controlling shareholder's 4.06% stake is up for auction [5] Market Trends - Short-term market dynamics may accelerate due to a policy and earnings vacuum in November, according to Galaxy Securities [5] - Debon Securities suggests the market may maintain a combination of dividend, micro-market, and industrial trends in the short term [5] - According to招商证券, the overall liquidity in China is expected to remain relatively loose, with potential adjustments in the Fed's interest rate expectations, leading to a possible shift in market style from tech growth to a more balanced structure in November [5]

格隆汇11月7日｜美股三大指数收盘集体收跌，纳指跌1.9%，标普500指数跌1.12%，道指跌0.84%。大 型科技股普跌，英伟达、特斯拉跌超3%，英特尔、亚马逊、Meta跌超2%，微软跌超1%，奈飞、苹果 小幅下跌；谷歌小幅上涨。其中，微软连续七个交易日下跌，创2022年以来最长连跌天数。Robinhood 跌近11%，创3月份以来最差单日表现。多邻国跌超25%，创该公司美国IPO以来最差单日表现。 纳斯达克中国金龙指数跌0.03%，热门中概股涨跌不一，小马智行跌超8%，再鼎医药跌超6%，联电跌 超5%，金山云、名创优品跌逾3%，蔚来、霸王茶姬等跌超1%，携程网、腾讯音乐等小幅下跌；小鹏汽 车涨超9%，百度涨超3%，阿里巴巴、极氪涨超1%，BOSS直聘，理想汽车等小幅上涨。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 看準科技有限公司 (於開曼群島註冊成立以同股不同權控制的有限責任公司） 呈交日期: 2025年11月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02076 | 說明 | A類普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,800,000,000 | USD | | 0.0001 | USD | | 180,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 1,800,000,000 | USD | | ...