Core Viewpoint - The article highlights the deceptive practices in the recruitment industry, particularly focusing on the hidden fees and fraudulent schemes that target job seekers, especially in the logistics and delivery sectors [1][5][10]. Group 1: Recruitment Fraud Cases - A typical case revealed by BOSS Zhipin involved job seekers being misled into paying significant fees for positions that were falsely advertised as available, with "cooperative driver" roles requiring upfront payments of 9,800 yuan before starting work [1]. - Another case involved scammers charging inflated fees for medical examinations, disguising themselves as medical professionals to extract money from job seekers [5]. Group 2: Company Actions and Responses - BOSS Zhipin has taken measures to combat these fraudulent activities, processing 16,700 accounts related to fee-based violations in November 2025 alone, and sending over 4 million risk alerts to job seekers [1][5]. - The company has implemented an AI model combined with manual review to identify and block accounts engaging in suspicious recruitment practices, particularly those offering unrealistically high salaries [8][9]. Group 3: Industry Self-Regulation - BOSS Zhipin has collaborated with multiple delivery platforms to establish the first self-regulatory charter for the delivery industry, focusing on transparency and ethical recruitment practices [10]. - The charter commits participating companies to avoid misleading job advertisements, unreasonable fees, and to adhere to platform management standards, aiming to create a healthier employment ecosystem [10].

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 ...

BOSS直聘-W(02076)发布公告，于2025年12月15日，由公司内部资源拨付，首次公开发售后股份计划受 托人根据计划的条款及条件在公开市场上购买合共50.248万股A类普通股(以25.124万股美国存托股的形 式)，并以信托方式为合资格参与者持有该等股份。 ...

智通财经APP讯，BOSS直聘-W(02076)发布公告，于2025年12月15 日，由公司内部资源拨付，首次公 开发售后股份计划受托人根据计划的条款及条件在公开市场上购买合共50.248万股A类普通股(以25.124 万股美国存托股的形式)，并以信托方式为合资格参与者持有该等股份。 ...

格隆汇12月15日丨BOSS直聘-W(02076.HK)发布公告，公司于2022年12月14日有条件批准及采纳的首次 公开发售后股份计划("计划")，该计划于2022年12月22日公司A类普通股在香港联交所主板上市后生 效。于2025年12月12日，由公司内部资源拨付，计划受托人根据计划的条款及条件在公开市场上购买合 共49.99万股A类普通股(以24.99万股美国存托股的形式)，并以信托方式为合资格参与者持有该等股份。 ...

Core Insights - The company has exceeded revenue expectations, driven by a significant recovery in demand, achieving growth targets despite restrained marketing investments [1][2] - The adjusted net profit forecasts for 2025, 2026, and 2027 have been raised to 3.71 billion, 4.20 billion, and 4.85 billion RMB respectively, reflecting a positive outlook [1] Revenue Performance - For Q3 2025, the company reported operating revenue of 2.163 billion RMB, representing a year-on-year increase of 13.17% [1] - The GAAP net profit reached 806 million RMB, up 72.22% year-on-year, while the adjusted net profit was 991 million RMB, reflecting a 34.23% increase [1] Demand Recovery Indicators - The number of new job postings increased by 25% year-on-year in Q3, indicating a clear improvement in recruitment demand [2] - The average daily active users on the recruiter side saw a significant increase, surpassing the job seeker side for the first time in three years [2] - The number of paid enterprise clients grew by 13.3% year-on-year, reaching 6.8 million by September 30, 2025 [2] Marketing and User Growth - The company reduced R&D expenses by 5.42 percentage points and sales expenses by 9.13 percentage points year-on-year, demonstrating effective cost control [2] - Despite restrained marketing efforts, the company added over 40 million new users from January to October 2025, indicating strong brand loyalty and platform stickiness [2] - The financial results reflect profit growth driven by recovering demand, with future contributions expected from AI enhancements in matching efficiency and new product offerings [2]

Core Viewpoint - The report from Guotai Junan maintains a target price of HKD 109.66 for BOSS Zhipin-W (02076) and keeps a "Buy" rating, highlighting that both revenue and performance exceeded expectations, driven by a clear recovery in demand, while achieving growth targets despite restrained marketing spending [1] Group 1: Performance Overview - For Q3 2025, the company reported operating revenue of CNY 2.163 billion, a year-on-year increase of 13.17%; GAAP net profit attributable to shareholders was CNY 806 million, up 72.22%; adjusted net profit reached CNY 991 million, reflecting a 34.23% increase [1] Group 2: Demand Recovery - The acceleration in revenue and performance growth is primarily attributed to a notable recovery in demand. Key indicators include: 1. A 25% year-on-year increase in the number of new job postings in Q3 2. For the period of July to September 2025, the average daily active users on the employer side increased more than on the job seeker side, marking the first occurrence in three years 3. As of September 30, 2025, the number of paying enterprise clients grew by 13.3% year-on-year, reaching 6.8 million, with an increase in the payment rate for paying users both year-on-year and quarter-on-quarter [2] Group 3: User Growth with Controlled Marketing - The company achieved user growth while maintaining restrained marketing expenditures, with R&D expense ratio decreasing by 5.42 percentage points and sales expense ratio down by 9.13 percentage points year-on-year. The cumulative new users from January to October exceeded 40 million, indicating strong brand recognition and high user stickiness on the platform. The financial report reflects that the recovery in demand has driven profit growth, with future contributions expected from AI in matching efficiency and new product dimensions [3]

Core Insights - BOSS Zhipin reported Q3 2025 revenue of 2.16 billion yuan, a year-on-year increase of 13.2%, with the number of paid enterprise clients growing by 13.3% to 6.8 million [1] - The job market is showing signs of recovery, with new job postings on the platform increasing by 25% year-on-year, indicating a positive shift in employer confidence [1][8] - Multiple brokerage firms have a positive outlook on BOSS Zhipin's long-term value, issuing "buy" ratings following the earnings report [1][2] Financial Performance - The company achieved a revenue of 2.16 billion yuan in Q3 2025, reflecting a 13.2% year-on-year growth [1] - Sales and marketing expenses decreased by 24.6% year-on-year, while average monthly active users reached 63.8 million, a 10% increase [3] - R&D investment reached 408 million yuan, accounting for 21% of the projected revenue for 2025, indicating a strong focus on technological advancement [2][7] Market Dynamics - The increase in daily active users (DAU) for employers has outpaced that of job seekers for the first time in three years, signaling a recovery in employer recruitment confidence [1] - The blue-collar and lower-tier markets are identified as key growth drivers, with blue-collar recruitment revenue growth leading the overall performance [8][9] - The manufacturing sector has shown significant growth, being the fastest-growing sub-sector for five consecutive quarters [8] Strategic Initiatives - The company is focusing on enhancing the job-seeking environment for blue-collar workers through initiatives like the "Sea Cucumber Plan," aimed at improving job authenticity and user trust [8][11] - BOSS Zhipin's AI-driven recruitment platform is enhancing user experience and matching efficiency through various tools for both job seekers and employers [7] - The "Sea Cucumber Preferred" program has attracted more clients from the manufacturing sector, successfully recruiting over 3,000 workers for a major electronics manufacturer [11]