KanZhun Limited (BOSS Zhipin), a leading online recruitment platform in China, announced its unaudited financial results for the first quarter ended March 31, 2025, showcasing strong growth across key metrics.
Highlights from Q1 2025:
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Revenue Growth: Total revenues reached RMB1.92 billion (US$265 million), up 12.9% year-over-year, reflecting continued market demand.
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User Base Expansion: Average monthly active users surged 23.6% year-over-year to 57.6 million, hitting a post-Chinese New Year peak of nearly 65 million.
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Enterprise Customers: Paid enterprise customers increased 12.3% to 6.4 million over the trailing 12 months.
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Profitability: Income from operations soared 324.5% to RMB439.8 million (US$60.6 million). Adjusted income from operations rose 76.1% to RMB691.5 million (US$95.3 million).
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Net Income: Net income more than doubled to RMB512.1 million (US$70.6 million), with adjusted net income increasing 43.9% to RMB763.9 million (US$105.3 million).
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Operating Efficiency: Operating costs fell by 7.5% to RMB1.49 billion (US$205.5 million), aided by cost control and reduced marketing expenses.
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Strong Cash Position: Cash and equivalents totaled RMB14.8 billion (US$2.04 billion) as of March 31, 2025.
Strategic Insights:
Founder and CEO Jonathan Peng Zhao emphasized the company’s focus on core business growth, technological innovation, and AI integration. The launch of AI-powered recruitment tools has enhanced user engagement, improved matching accuracy, and accelerated the adoption of AI-enhanced services.
CFO Phil Yu Zhang highlighted the company’s improved adjusted operating margin of 36.0%, driven by operational leverage and cost discipline. He pointed out the brand’s strong appeal and user stickiness as key drivers behind the significant growth in monthly active users.
Outlook for Q2 2025:
KanZhun expects revenues between RMB2.05 billion and RMB2.08 billion, representing a 6.9% to 8.5% year-over-year increase, reflecting cautious optimism amid market uncertainties.
This summary gives a comprehensive yet concise overview of KanZhun’s financial performance, highlighting growth, profitability, and strategic initiatives with a focus on AI innovation and operational efficiency. Let me know if you want it tailored for a specific platform or tone!
