• Home
  • Journal
  • Public Companies
  • KANZHUN LIMITED Repurchased Ordinary Shares Continuously Over the Past Week, Total of USD44 Million of Shares Bought Back Under Current Repurchase Program

KANZHUN LIMITED Repurchased Ordinary Shares Continuously Over the Past Week, Total of USD44 Million of Shares Bought Back Under Current Repurchase Program

BEIJING, July 26, 2024 (GLOBE NEWSWIRE) — KANZHUN LIMITED (“BOSS Zhipin” or the “Company”), a leading online recruitment platform in China, recently announced that the Company repurchased over 2.12 million ordinary shares with a total value of USD15.8 million for the past week. Over the past four months since March 27, 2024, the Company has repurchased approximately 5 million ordinary shares with a total value of USD44.0 million.

BOSS Zhipin is the largest online recruitment platform in China. Founded in 2014, BOSS Zhipin is a pioneer in introducing a next-generation Direct Recruitment Model, which is transforming China’s online recruitment industry. The mobile-native product promotes instant direct communication between recruiters and job seekers and delivers accurate matching results through its proprietary recommendation algorithms powered by big data insights.

Benefiting from the unique business model and strong technology capability, BOSS Zhipin continuously delivered solid performance. On May 21, 2024, the Company announced its unaudited financial results for the quarter ended March 31, 2024. Revenues reached RMB1,703.8 million in the first quarter of 2024, an increase of 33% from RMB1,277.5 million for the same quarter of 2023. Adjusted net income remained healthy, totaled RMB530.7 million, an increase of 117% from RMB 245.0 million for the same quarter of 2023.

In the full year 2023, the Company achieved a revenue of RMB 5.95 billion, up by 32% year-on-year. Excluding share-based compensation expenses, the adjusted net income for the year reached RMB 2.16 billion. Furthermore, excluding other income, such as wealth management income, the adjusted operating income for 2023 was RMB 1.64 billion, reflecting a remarkable 191% year-on-year increase. This resulted in a 27% adjusted operating margin.

BOSS Zhipin’s performance underscores its robust profitability capability, growth potential, and market-leading position. The Company’s ongoing repurchases reflect the management’s long-term confidence in its development.

CONTACT: Kanzhun Limited Contact:
Investor Relations
ir@kanzhun.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.