Core Viewpoint - KANZHUN LIMITED has announced an annual dividend policy, intending to declare and distribute dividends each year based on the company's financial performance and other relevant factors [1][4]. Dividend Announcement - The Board has approved an annual cash dividend of US$0.084 per ordinary share, or US$0.168 per ADS, with a total payout of approximately US$80 million, funded by surplus cash [2]. - The record date for holders of ordinary shares and ADSs is October 8, 2025, with ex-dividend dates set for October 6, 2025, and October 8, 2025, respectively [2][3]. - Payment dates are expected to be around October 16, 2025, for ordinary shares and October 23, 2025, for ADS holders [3]. Company Background - KANZHUN LIMITED operates the BOSS Zhipin platform, a leading online recruitment service in China, facilitating efficient connections between job seekers and enterprises through a highly interactive mobile app [6]. - The platform leverages a large and diverse user base to create powerful network effects, enhancing recruitment efficiency and driving rapid expansion [6].

Core Insights - The company reported Q2 2025 revenue of 2.102 billion RMB, representing a year-on-year growth of 9.7% [2] - Operating profit significantly increased by 81.6% year-on-year to 651 million RMB [2] - Net profit rose by 70.4% year-on-year to 711 million RMB [2] - Adjusted net profit grew by 30.9% year-on-year to 941 million RMB [2] - The number of paid enterprise clients reached 6.5 million, a 10.2% increase year-on-year [2] - Average monthly active users in Q2 were 63.6 million, reflecting a year-on-year growth of 16.5% [2] - Operating cash flow net amount was 1.052 billion RMB, up 21.1% year-on-year [2] - The board approved an annual dividend policy with a total dividend of approximately 80 million USD for the year [2] - A share repurchase plan of up to 250 million USD was approved, extended to August 2026 [2] - The company completed a sale of 34.5 million shares in July, raising approximately 2.2 billion HKD [2] Business Outlook - The company expects Q3 2025 revenue to be between 2.13 billion and 2.16 billion RMB, indicating a year-on-year growth of 11.4% to 13.0% [1]

Core Viewpoint - KANZHUN LIMITED has announced an extension and increase in its share repurchase program, reflecting confidence in its business and commitment to shareholder value [1][2]. Group 1: Share Repurchase Program - The company initially established a share repurchase program on August 29, 2024, authorizing up to US$150 million for a 12-month period [2]. - On August 20, 2025, the board approved amendments to extend the program for another 12 months, increasing the total authorization to US$250 million [2]. Group 2: Company Overview - KANZHUN LIMITED operates BOSS Zhipin, a leading online recruitment platform in China, facilitating efficient connections between job seekers and enterprises [4]. - The platform promotes two-way communication and intelligent recommendations, enhancing recruitment efficiency and driving rapid expansion due to its large user base [4].

Group 1 - KANZHUN LIMITED announced the resignation of Ms. Mengyuan Dong as an independent non-executive director effective August 20, 2025, to focus on personal business commitments [1] - Ms. Hongyu Liu has been appointed as the chairman of the audit committee and a member of the corporate governance committee, effective August 20, 2025 [2] - Mr. Yan Li has been appointed as a member of the compensation committee, effective August 20, 2025 [2] Group 2 - Mr. Xu Chen has been appointed as the president of the Company, effective August 20, 2025, to optimize governance structure and improve organizational efficiency [3] - Mr. Chen will report to Mr. Peng Zhao, the founder, Chairman, and CEO, and will cease to act as the Chief Marketing Officer while remaining an executive director [3] Group 3 - The Company expressed gratitude to Ms. Dong for her contributions and welcomed Ms. Liu, Mr. Li, and Mr. Chen for their new roles, highlighting their expertise as valuable assets for the Company's development [4] Group 4 - KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China, connecting job seekers and enterprise users through a highly interactive mobile app [6] - The platform promotes two-way communication and intelligent recommendations, creating new scenarios in the online recruiting process [6] - BOSS Zhipin benefits from a large and diverse user base, developing powerful network effects that enhance recruitment efficiency and drive rapid expansion [6]

Core Insights - KANZHUN LIMITED, a leading online recruitment platform in China, reported strong financial results for the second quarter of 2025, highlighting significant user growth and operational efficiency improvements [1][3]. Financial Performance - Revenues for Q2 2025 reached RMB 2,102.4 million (US$ 293.5 million), marking a 9.7% increase from RMB 1,916.7 million in Q2 2024 [6][7]. - Net income for Q2 2025 was RMB 711.2 million (US$ 99.3 million), a 70.4% increase from RMB 417.3 million in Q2 2024 [10]. - Adjusted net income for Q2 2025 was RMB 940.9 million (US$ 131.3 million), reflecting a 30.9% increase from RMB 718.7 million in Q2 2024 [10]. User Growth and Engagement - The total number of paid enterprise customers increased by 10.2% to 6.5 million in the twelve months ending June 30, 2025, compared to 5.9 million in the previous year [6]. - Average monthly active users rose to 63.6 million in Q2 2025, a 16.5% increase from 54.6 million in Q2 2024 [6]. Cost Management - Total operating costs and expenses decreased by 7.2% to RMB 1,454.4 million (US$ 203.0 million) in Q2 2025, down from RMB 1,566.6 million in Q2 2024 [8]. - Sales and marketing expenses fell by 23.0% to RMB 419.9 million (US$ 58.6 million) in Q2 2025, primarily due to reduced advertising and marketing costs [15]. Shareholder Returns - The board approved an annual cash dividend of approximately US$ 80 million, with a dividend of US$ 0.084 per ordinary share [19][20]. - A share repurchase program of up to US$ 250 million was also announced, extending the existing program through August 28, 2026 [21]. Future Outlook - For Q3 2025, the company expects total revenues to be between RMB 2.13 billion and RMB 2.16 billion, representing a year-on-year increase of 11.4% to 13.0% [22].

Core Viewpoint - The A-share market has surpassed 3700 points, reaching a new high since October 2020, indicating the onset of a "slow bull market" where investors focus more on long-term value rather than short-term growth strategies [1] Company Developments - BOSS Zhipin's stock price has been steadily rising, with its Hong Kong stock reaching a one-and-a-half-year high of 88 HKD. The company's founder, Zhao Peng, emphasized the importance of early action in accumulating a dual-sided network effect between recruiters and job seekers, enhancing platform efficiency and creating a deeper competitive moat [1] - BOSS Zhipin launched a public offering of 30 million Class A ordinary shares, representing 3.2% of the total share capital post-issuance [3] - The recent share issuance is notable for including 10% (3 million shares) allocated to individual investors, contrasting with typical institutional placements. The international offering was oversubscribed by more than three times, attracting many high-quality long-term investors [5] Financial Performance - For Q1 2025, BOSS Zhipin reported revenues of 1.923 billion CNY and a net profit of 512 million CNY. The number of paid enterprise clients reached 6.4 million [5] - Contrary to common perceptions, nearly 99% of BOSS Zhipin's revenue comes from enterprise recruitment fees, with only 1% derived from job seeker payments [5] Strategic Focus - The company is concentrating on two key markets: the blue-collar sector and AI technology. Zhao Peng stated that focusing on a few correct initiatives can enhance operational certainty amid increasing uncertainties [5] - The blue-collar market has become a significant growth driver, contributing 39% of the company's revenue in Q1 2025, with over 45% of new users from this demographic [6] - BOSS Zhipin has initiated the "Sea Conch Preferred" program to ensure job authenticity for blue-collar positions, leading to steady growth in key metrics [6] Technological Advancements - BOSS Zhipin is investing in AI technology, utilizing models like DeepSeek-R1 and its proprietary "Nanbei Pavilion" model to enhance business applications and user engagement [9] - The AI tools improve matching accuracy for employers and provide personalized services for job seekers, with a reported 25% efficiency increase for recruiters using the AI Agent service [9] - AI integration has also improved safety and risk identification processes, increasing review efficiency by 30% [9] - The average monthly active users (MAU) reached 57.6 million in Q1 2025, with over 15 million new users added from January to April 2025 [9]

Financial Performance & Metrics - ZipRecruiter's Q1 2025 revenue reached $110.1 million[12] - The Adjusted EBITDA for Q1 2025 was $5.9 million, representing a 5% margin[12] - Revenue per Paid Employer in Q1 2025 was $1,734[12] - The company achieved a healthy 16% Adjusted EBITDA margin for FY 2024[15] Market Position & Growth - ZipRecruiter operates within a large Total Addressable Market (TAM) exceeding $300 billion in the recruiting industry[15, 16, 64, 65] - The company has amassed over 4 million businesses and over 170 million job seekers on its platform since its founding[15, 21] - ZipRecruiter delivered over 40 million "Great Match" candidates in 2024[15, 23] - ZipRecruiter has achieved 80% aided brand awareness among U S employers and job seekers[15, 42] - Online recruiting is growing faster (4 6% CAGR from 2020-2029) than the overall recruiting market (3 2% CAGR from 2020-2029)[69] Business Model & Technology - 78% of ZipRecruiter's revenue comes from flat-rate pricing (subscription plans), while 22% comes from performance-based pricing (cost-per-click)[26, 29] - 80% of employers using ZipRecruiter receive a quality candidate within the first 24 hours[23]

Core Viewpoint - KANZHUN LIMITED, operating the BOSS Zhipin platform, will report its unaudited consolidated results for Q2 2025 on August 20, 2025, before U.S. market opens [1] Group 1: Company Overview - KANZHUN LIMITED operates BOSS Zhipin, a leading online recruitment platform in China, facilitating efficient connections between job seekers and enterprises through a highly interactive mobile app [4] - The platform promotes two-way communication and intelligent recommendations, enhancing the online recruiting process and driving rapid expansion due to its large and diverse user base [4] Group 2: Conference Call Details - A conference call to discuss the Q2 results will take place on August 20, 2025, at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time) [1] - Participants must pre-register for the conference call to receive dial-in numbers and a unique personal PIN for access [2]

Core Insights - Guangdong is a hub for high-tech, manufacturing, retail, catering, and cultural tourism industries, attracting a large employment population, especially during the summer job-seeking peak [1] - BOSS Zhipin has launched a series of service upgrades for the summer of 2025, utilizing AI technology and human collaboration to ensure job-seeking safety and improve recruitment efficiency for companies and job seekers in Guangdong [1][2] Group 1: Job-Seeking Safety - BOSS Zhipin has enhanced its job-seeking safety guarantee plan by combining online and offline measures, as well as AI and human efforts, to efficiently connect enterprises and talent in Guangdong [2] - The platform has implemented strict review processes for recruiters, particularly in industries with a high concentration of blue-collar workers, students, and flexible employment, requiring various qualifications and authorization documents [2][3] - An AI intelligent review system has been developed to verify the authenticity of recruitment materials, significantly improving review efficiency and accuracy [3] Group 2: Recruitment Efficiency - BOSS Zhipin has optimized platform functions to enhance job-seeking efficiency, particularly for students, by creating specialized recruitment events tailored to the economic structure and job characteristics of Guangdong [4] - The AI intelligent matching system is utilized to facilitate communication between job seekers and employers, providing tailored job information and professional resume optimization guidance [4] - The platform has also improved the recruitment process for employers by enhancing job description writing and refining recruitment preference settings, thereby reducing communication costs [4] Group 3: Commitment to Regional Employment - BOSS Zhipin aims to leverage technological innovation and service upgrades to enhance recruitment efficiency, viewing Guangdong as a valuable opportunity to boost regional employment market vitality [5]

Core Viewpoint - EPWK Holdings Ltd. has received three deficiency letters from Nasdaq regarding non-compliance with listing requirements, but this does not immediately affect the trading of its shares [1][2]. Compliance Issues - The company failed to meet the minimum bid price requirement, with its Class A ordinary shares trading below $1.00 for 31 consecutive business days, and has until January 19, 2026, to regain compliance [7]. - The market value of the company's listed securities was below $50 million for 32 consecutive business days, with the same compliance deadline of January 19, 2026 [7]. - The market value of publicly held shares was below $15 million for 31 consecutive business days, also requiring compliance by January 19, 2026 [7]. Company Overview - EPWK Holdings Ltd. connects businesses with talent through an integrated crowdsourcing platform, focusing on creative transaction services for small and medium-sized enterprises [3].