JOBS - JOBS STOCK NEWS

51job, Inc. (Nasdaq: JOBS) reported second quarter 2021 net revenues of RMB1,098.7 million (US$170.2 million), a 32.6% increase from the previous year. Online recruitment services revenues rose 17.4% to RMB590.6 million (US$91.5 million), driven by improved market conditions. Other HR-related revenues surged 56.2% to RMB508.1 million (US$78.7 million). However, income from operations decreased to RMB109.3 million (US$16.9 million), with a notable drop in operating margin from 20.0% to 9.9%. Net income declined to RMB181.7 million (US$28.1 million) from RMB376.7 million in Q2 2020.

51job, Inc. (Nasdaq: JOBS), a leader in integrated HR services in China, will release its unaudited financial results for Q2 2021 on September 24, 2021, before market opening. Since its inception in 1998, 51job has provided comprehensive HR solutions that cater to both enterprises and job seekers. The company operates multiple online recruitment platforms, connecting millions with employment opportunities while offering various HR services like training, executive search, and compensation analysis.

51job, Inc. (Nasdaq: JOBS) announced plans to purchase a new corporate headquarters in Shanghai for approximately RMB2.07 billion. This building, located in the Crystal Plaza complex, spans approximately 32,400 square meters and will support the company's growth and expansion. The acquisition will be funded through the company's cash resources and debt financing, with a move anticipated in 2022. The company is a leading provider of integrated HR services in China, with a focus on recruitment and talent management.

51job, Inc. (Nasdaq: JOBS) reported a 13.2% increase in net revenues for Q1 2021, totaling RMB895.2 million (US$136.6 million). However, online recruitment revenues slightly declined by 0.3% to RMB545.4 million, primarily due to the timing of the Chinese New Year. In contrast, other HR-related revenues surged 43.3% to RMB349.8 million. Operating income dropped significantly to RMB3.9 million with a gross margin decrease to 64.1%. Fully diluted EPS was RMB0.84 (US$0.13), down from RMB3.02 a year prior. The company plans to acquire a new headquarters in Shanghai for approximately RMB2.07 billion (US$316 million).

51job, Inc. (Nasdaq: JOBS) announced it will release its unaudited financial results for Q1 2021 on June 25, 2021, before market opening. Founded in 1998, 51job provides integrated human resource services in China, offering solutions that cover the entire talent management cycle from recruitment to employee retention. Its online platforms connect millions with job opportunities and include value-added services such as business process outsourcing and professional assessments. This upcoming report will detail the company's financial performance for the quarter ending March 31, 2021.

51job, Inc. (Nasdaq: JOBS), a leading human resource services provider in China, has entered into a definitive Merger Agreement with Garnet Faith Limited. The transaction implies an equity value of approximately US$5.7 billion.

Each common share and American depositary share will be exchanged for US$79.05 in cash. This represents a premium of 28.89% to the last closing price prior to the updated proposal on May 3, 2021. The Merger is expected to close in the second half of 2021, pending shareholder approval, and will take 51job private, removing it from NASDAQ.

On May 4, 2021, 51job, Inc. (Nasdaq: JOBS) announced receipt of a non-binding proposal from a consortium led by DCP Services Limited and CEO Rick Yan to acquire all outstanding shares for US$79.05 each. This offer reflects a 25.38% premium over the last 30-day average price. A special committee of independent directors has been formed to evaluate the proposal. However, the Board warns that no decisions have been made, and there is no assurance that a definitive agreement will be executed.

51job, a leading integrated human resource services provider in China, has filed its annual report on Form 20-F for the year ended December 31, 2020, with the U.S. Securities and Exchange Commission. This report, which includes audited consolidated financial statements, is accessible on the company's investor relations website. Shareholders can request a hard copy of the report free of charge. Established in 1998, 51job connects millions with employment opportunities through its online platforms and offers various HR services across China.

51job, Inc. (NASDAQ: JOBS) reported its fourth quarter and fiscal year 2020 results, revealing a 2.4% increase in net revenues to RMB1,163.1 million (US$178.3 million) compared to Q4 2019. However, online recruitment service revenues fell by 10.1%. For FY 2020, total net revenues decreased by 7.8% to RMB3,689.0 million (US$565.4 million). Income from operations dropped 28.1% to RMB867.1 million (US$132.9 million), while fully diluted EPS rose to RMB5.01 (US$0.77). The company anticipates a recovery in its online recruitment business in 2021.