BOSS直聘-W(02076)发布公告，于2025年12月5日至12月16日，因行使购股权而合计发行11.41万股。 于2025年12月5日至12月16日，因限制性股票单位的归属和结算而合计发行142.56万股。 ...

来源：正在新闻 12月17日，BOSS直聘公布了对招聘中"套路收费"行为的专项治理进展。专项治理中，BOSS直聘推进"事前管理"，联合外卖平台与102家外卖配送服务企 业共同签署了骑手招聘领域首个自律公约，参与签署公约的企业明确承诺发布的岗位信息真实透明，不诱导求职者贷款或高价购车。 同时，BOSS直聘重点打击货运司机、网约车司机、外卖骑手租车、买车，培训招生收费贷款，模卡与形象包装收费等典型违规违法行为，2025年11月共 处置涉收费类违规违法账号1.67万个。安全团队积极向警方提供线索，对黑中介和"套路运"团伙进行定点打击。 安全团队提升了对求职者的安全提示内容丰富度和推送频次，专项期间累计已向求职者推送超过400万次风险提示信息，后续这类升级提醒也将常态化运 行。 外卖配送招聘首个自律公约签订 外卖配送行业在招新过程中，存在向骑手虚假宣传、违规收费的现象。这些行为不仅增加了求职者的入行成本与风险，也损害了行业的整体信誉。 此前BOSS直聘已经与多家外卖平台协作，共同对外卖平台认证的配送服务企业添加认证标识，方便求职者选择。违规企业会被踢出认证名单，严重的情 况下予以双平台永久禁入的处置。 在此基础上，近 ...

平台也提升了求职安全提示类内容丰富度与推送频次，专项期间累计向求职者推送风险提示超400万 次。此外，BOSS直聘联合外卖平台，组织102家外卖配送企业签署外卖配送领域首个自律公约，承诺岗 位真实透明、不诱导贷款购车、不收取不合理费用，并遵守平台管理规范。 12月17日，BOSS直聘公布招聘过程中"套路收费"的治理进展。平台重点打击货运司机、网约车司机、 外卖骑手等领域的租车、购车、培训招生收费贷款，以及模卡、形象包装收费等违规违法行为。2025年 11月，共处置涉收费类违规违法账号1.67万个。同时，安全团队向警方提供线索，对黑中介和"套路 运"团伙实施定点打击。 ...

北京, Dec. 16, 2025 (GLOBE NEWSWIRE) -- BOSS直聘 (Nasdaq: BZ; HKEX: 2076) 今日公告顯示，公司繼續推進股份回購計劃，耗資逾3,500萬元人民幣回購約50萬股普通股。BOSS直聘持續回饋股東，於今年10月完成約8,000萬美元的年度分紅。根據現有回購計劃，截止2026年8月底，BOSS直聘可回購最多為2.5億美元的股份。 CONTACT: PIACENTE FINANCIAL COMMUNICATIONS kanzhun@tpg-ir.com ...

Summary of ZipRecruiter Conference Call Company Overview - **Company**: ZipRecruiter (NYSE: ZIP) - **Industry**: Online Job Marketplace - **Core Business**: Matches employers with job seekers using advanced technology and AI algorithms to improve job matching quality [5][6] Recent Developments - **New Features**: - **ZipIntro**: A feature allowing employers to have live conversations with qualified candidates, resulting in a 90% satisfaction rate among job seekers [7][8] - **Resume Database**: Enhanced tool for employers to proactively search for candidates, with a 12% increase in resume reviews quarter-over-quarter [8][9] - **Acquisition of Breakroom**: A UK-based company that has successfully created over 10,000 employer pages and gathered over a million ratings from employees [9] Market Position and Competition - **Competitors**: Main competitors include LinkedIn and Indeed, with ZipRecruiter focusing on individualized matches rather than social media or vertical search engines [12] - **Market Size**: The total addressable market (TAM) for recruitment in the U.S. is approximately $300 billion, with only 5% currently online, indicating significant growth potential for online platforms [15] Employer and Job Seeker Perspectives - **Employer Needs**: Employers seek to streamline the hiring process and make quality hires quickly, with tools like preset job templates and ZipIntro facilitating this [16] - **Job Seeker Needs**: Job seekers require a more personalized job search experience, which ZipRecruiter aims to provide through data-driven matching [17] Traffic and Growth - **Brand Awareness**: ZipRecruiter has achieved 80% aided brand awareness, with significant growth in traffic from LLM-based sources, increasing by 140% quarter-over-quarter [18] - **Revenue Growth**: Despite a challenging macro environment, ZipRecruiter reported a 12% quarter-over-quarter revenue growth in its enterprise business [28][29] Macro Environment - **Current State**: The labor market has been stable but soft, with a noted decline in hiring activity. However, ZipRecruiter has managed to grow its paid employer numbers [28][29] - **Future Outlook**: The company is prepared for various economic scenarios, aiming for growth in 2026 while maintaining flexibility in its operations [31][32] Financial Performance and Guidance - **Revenue per Paid Employer**: This metric has faced pressure due to overall hiring declines, but the company remains confident in long-term growth driven by enterprise market share and customer maturity [36][37] - **Margins**: ZipRecruiter expects margins to stabilize in Q4, with a long-term target of 30% adjusted margins [41][45] Capital Deployment Strategy - **Investment Priorities**: Focus on organic business growth, maintaining balance sheet flexibility for opportunistic M&A, and shareholder returns through buybacks or debt retirement [47][49] Conclusion - **Long-term Potential**: ZipRecruiter remains optimistic about the U.S. labor market and its growth potential, with a focus on leveraging AI and data to enhance its platform and user experience [53][56]

Core Viewpoint - BOSS Zhipin has achieved remarkable financial results in Q3 2025, with a revenue increase of 13.2% year-on-year to 2.163 billion RMB and a GAAP net profit surge of 67.2% to 775 million RMB, despite a challenging employment market [4][5]. Financial Performance - The company reported total revenue of 2.163 billion RMB, a 13.2% increase year-on-year, and a GAAP net profit of 775 million RMB, reflecting a 67.2% year-on-year growth [5]. - Adjusted net profit reached 999 million RMB, up 34.2% year-on-year, marking a historical high in both profit scale and growth rate [4][5]. - The number of paid enterprise clients reached 6.8 million, a 13.3% increase year-on-year, driving the core revenue segment of online recruitment services for enterprise clients to 2.15 billion RMB, a 13.6% increase [5]. Cost Management and Profitability - The core strategy for profit growth is "cost reduction and efficiency enhancement," with total operating costs and expenses decreasing by 7.0% to 1.476 billion RMB [6]. - Marketing expenses were significantly reduced from 522 million RMB to 394 million RMB, a decline of 24.6%, due to improved customer acquisition efficiency [6]. - GAAP net profit margin reached 35.8%, up 11.5 percentage points year-on-year, while adjusted operating profit margin increased to 41.8%, up 10.1 percentage points [6]. Management Changes - BOSS Zhipin appointed a President, Chen Xu, to enhance operational efficiency and reduce internal communication costs, allowing the CEO to focus on strategic issues [10][12]. - Chen Xu's promotion reflects a shift in focus from growth to efficiency, as the company navigates a more competitive landscape [12]. AI Integration and Competitive Advantage - BOSS Zhipin has established a strong foundation in AI technology, launching its first vertical large language model in early 2024, enhancing job matching capabilities [13][14]. - AI tools are integrated across the platform, improving user experience and operational efficiency, with AI services expected to increase recruitment efficiency by approximately 25% [14]. - The platform has maintained a leading position in the industry, with a monthly active user count of 63 million, significantly surpassing competitors [15]. Market Challenges - Despite its strong performance, BOSS Zhipin faces challenges such as slowing industry growth and rising user acquisition costs, which may impact long-term platform vitality [16]. - The risk of technology homogenization is increasing as competitors invest in AI recruitment solutions, potentially threatening BOSS Zhipin's market position [16]. - The management remains optimistic about the integration of AI in recruitment, emphasizing the importance of high-quality data as a competitive advantage [17].

Core Viewpoint - BOSS Zhipin has successfully navigated challenges in the recruitment platform industry, achieving significant growth under the leadership of Zhao Peng, who has implemented innovative marketing strategies and technology integration to enhance user experience and operational efficiency [1][2][8]. Financial Performance - For the third quarter of 2025, BOSS Zhipin reported revenue of 21.63 billion yuan, a year-on-year increase of 13.2% [9][10]. - The net profit for the same period was 7.75 billion yuan, reflecting a 67.2% year-on-year growth, while adjusted net profit reached 9.92 billion yuan, up 34.2% [9][10]. - The number of paid enterprise clients reached 6.8 million, marking a 13.3% increase year-on-year [10]. Marketing Strategy - Zhao Peng's decision to invest over 100 million yuan in advertising during the 2018 World Cup significantly boosted BOSS Zhipin's user base, propelling the company into the top three in the industry [5][8]. - The marketing campaign, despite being criticized as "brainwashing," effectively doubled the user count and established a strong market presence [5][6]. User Engagement and Technology Integration - BOSS Zhipin has initiated the "Conch Plan" to improve the job-seeking environment, particularly for blue-collar workers, and has seen a historical high in revenue contribution from this segment [8]. - The company has integrated AI technology into its processes, enhancing user interaction and operational efficiency, with AI job assistants launched in the third quarter [11][12]. Challenges and Complaints - Despite the growth in paid clients, BOSS Zhipin faces challenges regarding service quality, with over 7,136 complaints reported, primarily concerning customer service and refund issues [11]. - The company is addressing the balance between scaling operations and maintaining service quality, with plans to enhance the review process through AI [11][12].

Financial Data and Key Metrics Changes - In Q3 2025, the company generated total revenue of RMB 2.16 billion, representing a year-on-year increase of 13.2% [5] - Adjusted operating profit reached RMB 900 million, up 49.3% year on year [5] - GAAP net profit was RMB 780 million, reflecting a 67.2% year-on-year increase, with a net profit margin of 35.8% [5][21] - Share-based compensation expenses decreased to RMB 220 million, marking a 21% year-on-year drop [5] - Net cash provided by operating activities reached RMB 1.2 billion, up 45% year on year [22] Business Line Data and Key Metrics Changes - The average verified monthly active users (MAU) on the BOSS Zhipin app reached 63.82 million, with user activity remaining strong [6] - Newly posted job positions increased by 25% year on year, indicating a rebound in enterprise-side demand [7] - The number of paid enterprise customers grew by 13.3% year on year to 6.8 million [7][17] Market Data and Key Metrics Changes - Blue-collar revenue growth led the market, with manufacturing industries showing the highest revenue growth for five consecutive quarters [8] - Demand in tier-one cities is rebounding, while tier-two cities remain stable, and revenue contribution from tier-three cities continues to rise [10] Company Strategy and Development Direction - The company is focusing on integrating AI into its products and operations, with significant progress in AI Job Search Assistant and AI interview features [11][12] - The strategy includes improving the online job search environment for blue-collar workers and enhancing user trust through initiatives like the KONGE Project [9] Management's Comments on Operating Environment and Future Outlook - Management noted a recovery in recruitment activities, with improved hiring demand contributing to accelerated revenue growth [25][28] - The company expects total revenue for Q4 2025 to be between RMB 2.05 billion and RMB 2.07 billion, indicating continued growth momentum [22] Other Important Information - The company completed an annual dividend payment of approximately $80 million in October [16] - The overall ARPPU remained stable despite structural shifts in customer mix [17] Q&A Session Summary Question: What is the overall recruitment demand recently? - Management observed that recruitment activities from enterprises recovered in Q3, with a faster growth rate of enterprise users compared to job seekers, alleviating pressure on the platform [25][26] Question: What is the perception of KA renewal willingness? - The company noted improving contract renewal rates, particularly in Q3, signaling a potential turning point in company-level net dollar retention rates [30] Question: How much more market share can the company gain over peers? - The company highlighted that over 80% of paid enterprise customers are small and micro enterprises, indicating ample room for growth in market share [35] Question: What are the major investment areas for next year? - Management indicated that profitability will not be sacrificed for revenue growth, with a focus on user service and revenue growth as higher priorities [37] Question: What is the impact of AI on the recruitment industry? - The company is cautiously exploring AI applications in recruitment, noting that high-quality data is critical for success in this evolving landscape [45]

Financial Data and Key Metrics Changes - In Q3 2025, the company generated total revenue of RMB 2.16 billion, representing a year-on-year increase of 13.2% [5] - Adjusted operating profit reached RMB 900 million, up 49.3% year-on-year, while GAAP net profit was RMB 780 million, up 67.2% year-on-year, with a net profit margin of 35.8% [5][18] - Share-based compensation expenses decreased to RMB 220 million, marking a 21% year-on-year drop [5] - Net cash provided by operating activities reached RMB 1.2 billion, up 45% year-on-year, with a strong cash position of RMB 19.2 billion as of September 30, 2025 [22] Business Line Data and Key Metrics Changes - The average verified monthly active users (MAU) on the BOSS Zhipin app reached 63.82 million, with user activity remaining strong [6] - Newly posted job positions increased by 25% year-on-year, with the number of paid enterprise customers growing by 13.3% year-on-year to 6.8 million [7][17] - The average number of daily active enterprise users grew faster than job seekers for the first time in three years [7] Market Data and Key Metrics Changes - Blue-collar revenue growth led the market, with manufacturing industries showing the highest revenue growth for five consecutive quarters [8] - Demand in tier-one cities is rebounding, while revenue contribution from tier-three cities continues to rise [10] - Mid-to-large enterprises are growing the fastest among different enterprise sizes [10] Company Strategy and Development Direction - The company is focusing on integrating AI into its products and operations, with significant progress in AI Job Search Assistant and AI interview features [11][12] - The KONGE Project aims to improve the job search environment for blue-collar workers, enhancing user trust and combating false information [9] - The company plans to continue strengthening its core business capabilities while fulfilling commitments to shareholders [16] Management's Comments on Operating Environment and Future Outlook - Management noted a recovery in recruitment demand, with improved hiring conditions contributing to accelerated revenue growth [25][28] - The company expects total revenue for Q4 2025 to reach between RMB 2.05 billion and RMB 2.07 billion, indicating continued growth momentum [22] - Management expressed confidence in sustaining growth despite potential competitive pressures as the macro environment improves [35] Other Important Information - The company completed an annual dividend payment of approximately $80 million in October [16] - The overall ARPPU remained stable despite structural shifts in customer mix [18] Q&A Session Summary Question: What is the overall recruitment demand recently? - Management observed a recovery in recruitment activities, with improved ratios between job seekers and recruiters, indicating a healthier hiring environment [25][26] Question: What is the perception of KA renewal willingness? - The company noted improving contract renewal rates, particularly in Q3, signaling a potential turning point in customer retention and spending [30] Question: How can the company sustain above-peer growth? - The company highlighted that over 80% of paid enterprise customers are small and micro enterprises, indicating ample room for growth in market share [35] Question: What are the major investment areas for next year? - Management indicated that profitability will not be sacrificed for revenue growth, with a focus on user service and revenue growth as higher priorities [38] Question: What progress has been made in different verticals within the recruitment industry? - The company is cautiously exploring new services while integrating AI, with ongoing experiments showing promising results [42][44]

KANZHUN LIMITED 3Q 2025 Results Presentation Disclaimer The following document has been prepared by KANZHUN LIMITED ("BOSS Zhipin" or the "Company") solely for informational purposes and should not be construed to be, directly or indirectly, in whole or in part, an offer to buy or sell and/or an invitation and/or a recommendation and/or a solicitation of an offer to buy or sell any security or instrument or to participate in any investment or trading strategy, nor shall any part of it form the basis of, or ...