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KANZHUN LIMITED (symbol: BZ) operates the leading online recruitment platform in China, BOSS Zhipin. This innovative platform, launched in July 2014, revolutionizes the recruitment process by enabling direct communication between job seekers and employers through a mobile app. The core features of BOSS Zhipin include real-time chat and precise matching, utilizing advanced big data and artificial intelligence to enhance recruitment efficiency.
BOSS Zhipin caters to a wide array of industries, including transportation, logistics, construction, and service sectors. The platform's user base spans over 350 cities in China, with applications extending to numerous international markets following the company's expansion into the United States in 2017. Approximately 85% of the employers on the platform are small to medium-sized enterprises, making it a vital resource for dynamic economic segments.
KANZHUN LIMITED has achieved significant milestones, including being recognized as a high-tech enterprise by the Chinese government in December 2016. The company has maintained a strong reputation for its quality of service and rapid growth, earning various industry awards.
Financially, KANZHUN LIMITED demonstrates robust performance. The company’s recent forecast for Q2 2024 projects total revenues between RMB 1.91 billion and RMB 1.96 billion, indicating a significant year-on-year increase. Additionally, the company announced a new share repurchase program of up to US$200 million, showcasing its strong financial health and commitment to delivering value to shareholders.
The company’s strategic partnerships, including a notable 9.2% stake held by Tencent, further bolster its market position. KANZHUN LIMITED continues to innovate and expand, firmly positioning itself as a leader in the online recruitment industry.
KANZHUN LIMITED (Nasdaq: BZ; HKEX:2076) has released its 2022 Environmental, Social and Governance (ESG) report, showcasing key achievements and progress towards its ESG commitments. The report emphasizes the Company’s focus on sustainable practices, social responsibility, and corporate governance.
The ESG report highlights core strategies including standardizing governance, optimizing products and services, collaborating with employees, promoting green development, building a sustainable supply chain, and delivering community care. These strategies are integral to the Company's efforts in transparency and stakeholder engagement.
For further details and to access the full report, stakeholders can visit the Company’s investor relations website.
KANZHUN LIMITED, known for its online recruitment platform BOSS Zhipin, filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the Securities and Exchange Commission on April 27, 2023. This report is accessible on the Company’s investor relations website. Additionally, KANZHUN has published its annual report for Hong Kong purposes, compliant with HKEX regulations, available on both their website and the HKEX’s site. The Company provides hard copies of its annual report, including audited financial statements, free to shareholders and ADS holders upon request.
BOSS Zhipin efficiently connects job seekers and enterprises, benefiting from a vast user base to enhance recruitment effectiveness.
KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076) has announced a share repurchase program authorizing up to US$150 million for buying back its shares over the next 12 months. The repurchases will occur on the open market and may include American depositary shares. This program aims to enhance shareholder value by potentially increasing the stock price and providing an efficient return on capital. The board will periodically review the repurchase plan, adjusting its terms and size as necessary based on market conditions.
KANZHUN LIMITED (Nasdaq: BZ) reported its Q4 and full year 2022 financial results on March 20, 2023. Q4 2022 revenues remained stable at RMB1,082.3 million (US$156.9 million), while total revenues for 2022 increased by 5.9% to RMB4,511.1 million (US$654.0 million). However, calculated cash billings for Q4 2022 dropped by 5.6% year-over-year. The company experienced a significant net loss of RMB184.8 million (US$26.8 million) in Q4 2022 compared to a profit in the same period of 2021. Despite these challenges, the average monthly active users grew 26.6% in Q4 2022, and the company anticipates a revenue increase of 9.8% to 11.6% for Q1 2023.
Kanzhun Limited (Nasdaq: BZ; HKEX: 2076), a leading Chinese online recruitment platform, will announce its unaudited consolidated results for Q4 and the full year ended December 31, 2022, on March 20, 2023, ahead of U.S. market opening.
The company plans to hold a conference call on the same day at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time) to discuss these results. Pre-registration is required for participants, and they will receive dial-in details via email upon registering.
A live and archived webcast will also be available on the company's investor relations website.
KANZHUN LIMITED, operating the online recruitment platform BOSS Zhipin in China, has announced its listing on the Main Board of Hong Kong Stock Exchange (HKEX) under stock code 2076. The Class A ordinary shares are fully fungible with the American depositary shares (ADSs) traded on Nasdaq under the symbol BZ. Founder Jonathan Peng Zhao emphasized the company's growth potential and the significance of Hong Kong as a mature capital market.
KANZHUN LIMITED (Nasdaq: BZ), the operator of BOSS Zhipin, announced a proposed dual primary listing of its Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX). This follows approval from HKEX on December 15, 2022, with trading set to commence on December 22, 2022, under stock code '2076.' The American depositary shares will continue to be traded on the Nasdaq. Morgan Stanley and Goldman Sachs are joint sponsors for this listing, aiming to enhance liquidity for the Hong Kong market.
KANZHUN LIMITED (Nasdaq: BZ) successfully held its annual general meeting (AGM) in Beijing, where all proposed shareholder resolutions were approved. Key outcomes include amendments to the corporate charter to facilitate a new listing on The Stock Exchange of Hong Kong, increasing authorized shares to 2 billion (1.8 billion Class A and 200 million Class B shares), and adopting a dual foreign name. The company operates the leading online recruitment platform, BOSS Zhipin, enhancing job seeker connectivity through a mobile app designed for efficient two-way communication.
KANZHUN LIMITED (Nasdaq: BZ) reported its Q3 2022 financial results, showing revenues of RMB1,178.6 million (US$165.7 million), a 2.7% decline year-over-year. Despite this, calculated cash billings increased by 1.4% to RMB1,238.2 million (US$174.1 million). Average monthly active users rose 12.5% to 32.4 million. Net income dropped 26% to RMB211.7 million (US$29.8 million). Additionally, operating expenses surged 15.5% to RMB1,044.1 million (US$146.8 million). For Q4 2022, the company anticipates revenues between RMB1.05 billion and RMB1.09 billion, reflecting a potential year-over-year decrease.
KANZHUN LIMITED (Nasdaq: BZ) reported its Q2 2022 financial results, with revenues at RMB1,112.3 million (US$166.1 million), a 4.8% year-over-year decline. Cash billings fell 32.2% to RMB979.2 million (US$146.2 million). Average monthly active users decreased by 12.8% to 26.5 million. However, net income turned positive at RMB107.4 million (US$16.0 million), contrasting with a significant loss in the prior year. Adjusted net income rose 4.3% to RMB257.2 million (US$38.4 million). The outlook for Q3 2022 estimates revenue between RMB1.14 billion and RMB1.16 billion, anticipating a further decline in recruitment demand due to COVID-19 impacts.
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