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KANZHUN LIMITED Announces Adoption of Annual Dividend Policy and Declaration of Cash Dividend
Globenewswire· 2025-08-20 11:25
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].
KANZHUN LIMITED Announces Upsizing and Extension of Share Repurchase Program
Globenewswire· 2025-08-20 11:15
BEIJING, Aug. 20, 2025 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced the upsizing and extension of its share repurchase program. As previously announced, the Company established a share repurchase program on August 29, 2024, whereby the Company was authorized to repurchase up to US$150 million of its shares (including in the form of American depositary shares (“ADS”)) for a 12-month period. On Au ...
KANZHUN LIMITED Announces Board Changes and Appointment of President
Globenewswire· 2025-08-20 11:10
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]
KANZHUN LIMITED Announces Second Quarter 2025 Financial Results
Globenewswire· 2025-08-20 11:00
BEIJING, Aug. 20, 2025 (GLOBE NEWSWIRE) -- KANZHUN LIMITED ("BOSS Zhipin" or the "Company") (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced its unaudited financial results for the quarter ended June 30, 2025. Second Quarter 2025 Highlights Mr. Jonathan Peng Zhao, Founder, Chairman and Chief Executive Officer of the Company, remarked, "In the second quarter of this year, we maintained our industry-leading user growth momentum. With the job market exhibiting a sustain ...
KANZHUN LIMITED to Report Second Quarter 2025 Results on August 20, 2025
Globenewswire· 2025-08-08 10:10
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]
KANZHUN LIMITED Announces Launch of Share Offer
Globenewswire· 2025-06-24 10:30
Core Viewpoint - KANZHUN LIMITED, operating the online recruitment platform BOSS Zhipin, has announced a share offer of 30,000,000 Class A ordinary shares to enhance financial flexibility and support sustainable development [1][4]. Share Offer Details - The share offer consists of a Hong Kong public offering of 3,000,000 shares and an international offering of 27,000,000 shares, with the possibility of reallocating shares based on demand [1][2]. - An additional 4,500,000 shares may be offered, representing a 15% increase over the initial offering, subject to market conditions [2]. - The maximum offer price for the Hong Kong Public Offering is set at HK$78.00 per share, with the international offer price potentially being higher or the same [3]. Use of Proceeds - The net proceeds from the share offer will be allocated towards technology investments, new business initiatives, strategic acquisitions, and general corporate purposes [4]. Underwriters - Goldman Sachs (Asia) L.L.C. and Morgan Stanley Asia Limited are acting as overall coordinators, with additional firms involved as joint global coordinators and bookrunners [5]. 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 [10].
KANZHUN LIMITED Announces Board Change
Globenewswire· 2025-05-22 11:51
Core Viewpoint - KANZHUN LIMITED has appointed Ms. Hongyu Liu as an independent non-executive director, which is expected to enhance the company's development through her extensive financial expertise [1][4]. 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 [6]. New Appointment Details - Ms. Hongyu Liu, aged 52, has over 25 years of experience in the financial services industry and currently serves as a managing director at Intermediate Capital Asia Pacific Limited since 2016 [2]. - Her previous roles include principal at TPG Capital and vice president at Lazard China Limited, along with over seven years at JP Morgan Chase [2]. - Ms. Liu holds a Bachelor of Arts in finance from Renmin University of China, a Master of Arts in Law and Diplomacy from The Fletcher School of Tufts University, and an MBA from Tuck School of Business at Dartmouth College [3]. - She is a Chartered Financial Analyst and licensed under the Securities and Futures Ordinance in Hong Kong for regulated activities [3].
KANZHUN LIMITED to Hold Annual General Meeting on June 27, 2025
Globenewswire· 2025-05-22 11:50
Company Overview - KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China, connecting job seekers and enterprise users through a highly interactive mobile app that promotes two-way communication and intelligent recommendations [5]. Annual General Meeting (AGM) - The Company will hold its annual general meeting of shareholders on June 27, 2025, at 3 p.m. Beijing time, to consider proposed resolutions [1]. - Shareholders and holders of American depositary shares (ADSs) are encouraged to vote in favor of the proposed resolutions as recommended by the board of directors [1]. Voting Rights - Holders of record of ordinary shares and ADSs as of May 22, 2025, are entitled to notice of, attend, and vote at the AGM [2]. Financial Reporting - The Company has filed its annual report on Form 20-F, including audited financial statements for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC) [3].
KANZHUN LIMITED to Hold Annual General Meeting on June 27, 2025
GlobeNewswire News Room· 2025-05-22 11:50
Company Overview - KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China, connecting job seekers and enterprise users through a highly interactive mobile app that promotes two-way communication and intelligent recommendations [5]. Annual General Meeting (AGM) - The Company will hold its annual general meeting of shareholders on June 27, 2025, at 3 p.m. Beijing time, to consider proposed resolutions [1]. - Shareholders and holders of American depositary shares (ADSs) are encouraged to vote in favor of the proposed resolutions as recommended by the board of directors [1]. Voting Rights - Holders of record of ordinary shares and ADSs as of May 22, 2025, are entitled to notice of, attend, and vote at the AGM [2]. Financial Reporting - The Company has filed its annual report on Form 20-F, including audited financial statements for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC) [3].
KANZHUN LIMITED Announces First Quarter 2025 Financial Results
Globenewswire· 2025-05-22 10:45
Core Viewpoint - KANZHUN LIMITED reported strong financial results for the first quarter of 2025, highlighting significant revenue growth, increased profitability, and a record-high number of active users, driven by its operational strategy focused on core businesses and technological innovation [3][4]. Financial Performance - Revenues for Q1 2025 were RMB1,923.3 million (US$265.0 million), a 12.9% increase from RMB1,703.8 million in Q1 2024 [4][5]. - Income from operations reached RMB439.8 million (US$60.6 million), up 324.5% from RMB103.6 million in the same quarter of the previous year [7][8]. - Net income for Q1 2025 was RMB512.1 million (US$70.6 million), representing an increase of 111.9% from RMB241.7 million in Q1 2024 [8][9]. - Adjusted net income for Q1 2025 was RMB763.9 million (US$105.3 million), a 43.9% increase from RMB530.7 million in Q1 2024 [8][10]. User Engagement - The company reported nearly 65 million monthly active users following the Chinese New Year, with an average of 57.6 million for Q1 2025, reflecting a 23.6% year-on-year growth from 46.6 million in Q1 2024 [5][6]. - Total paid enterprise customers reached 6.4 million, a 12.3% increase from 5.7 million in the previous year [5][6]. Cost Management - Total operating costs and expenses decreased by 7.5% to RMB1,491.1 million (US$205.5 million) in Q1 2025 from RMB1,612.8 million in Q1 2024 [6][7]. - Sales and marketing expenses fell by 15.2% to RMB491.2 million (US$67.7 million) due to reduced advertising and employee-related costs [13]. Cash Flow and Position - Net cash provided by operating activities was RMB1,003.1 million (US$138.2 million), a 10.8% increase from RMB905.5 million in Q1 2024 [11][33]. - As of March 31, 2025, the company had cash and cash equivalents totaling RMB14,785.2 million (US$2,037.5 million) [14]. Outlook - For Q2 2025, KANZHUN expects total revenues to be between RMB2.05 billion and RMB2.08 billion, indicating a year-on-year increase of 6.9% to 8.5% [16].