Boss Zhipin recruitment platform operator Kanzhun Ltd. (2076.HK; BZ.US) on Wednesday announced its revenue rose 12.4% last year to 8.27 billion yuan ($1.2 billion), while its net profit surged 72.6% to 2.74 billion yuan. The platform’s average monthly active users rose 14.5% during the year to 60.7 million.
The company attributed its improving profitability to stronger network effects on both the employer and job-seeker sides, as well as enhanced brand recognition, which improved its marketing efficiency.
The company said it expects its revenue to range between 2.05 billion yuan and 2.09 billion yuan in the first quarter of this year, up 6.6% to 8.8% year-on-year. Management also said it plans to allocate 50% or more of its adjusted profit annually to share buybacks and dividends over the next three years starting from 2026, and has raised its buyback cap to $400 million.
Kanzhun’s stock opened lower on Thursday in Hong Kong and closed down 5.48% at HK$53.5 at the midday break.
By Lee Shih Ta
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