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01/11 03:34
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Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The earnings call highlights strong financial performance with record user growth, increased revenue, and improved margins. Despite risks like the tariff war and AI implementation concerns, the company shows resilience and growth potential. Share buybacks and a strong cash position further bolster investor confidence. Positive Q&A feedback and optimistic guidance suggest a favorable outlook, leading to a positive stock price prediction over the next two weeks.
GAAP Revenue RMB 1.92 billion, up 13% year-on-year.
Net Income RMB 510 million, reflecting a 112% year-on-year growth.
Adjusted Operating Income RMB 690 million, with an adjusted operating margin of 36%, up 13 percentage points year-on-year from 23%.
Share-Based Compensation Expenses RMB 252 million, down 13% year-on-year and 10% quarter-on-quarter.
Total Operating Costs and Expenses RMB 1.5 billion, decreased by 8% year-on-year.
Cost of Revenues RMB 311 million, increased by 5% year-on-year.
Gross Margin 83.8%, up 1.1 percentage points year-on-year.
Sales and Marketing Expenses RMB 491 million, decreased by 15% year-on-year.
R&D Expenses RMB 424 million, decreased by 9% year-on-year.
G&A Expenses RMB 266 million, remaining relatively stable year-on-year and quarter-over-quarter.
Adjusted Net Income RMB 764 million, increased by 44% year-on-year.
Net Margin 26.6%, up 12 percentage points year-on-year.
Adjusted Net Margin 39.7%, up 8.6 percentage points year-on-year.
Net Cash Provided by Operating Activities RMB 1.0 billion, up 11% year-on-year.
Cash Position RMB 14.8 billion as of March 31, 2025.
AI 2C for Job Seekers: Launched AI-powered interview robot for users with up to 3 years of experience, enhancing recommendation systems.
AI 2B for Recruiters: Increased enterprises using placement services by 30% quarter-over-quarter.
AI to Management: Implemented AI for summarizing weekly reports and talent evaluation.
User Growth: Added over 15 million verified new users from January to April, with average monthly active users reaching 57.56 million, up 24% year-on-year.
Revenue Contribution from Tier 3 Cities: Revenue from Tier 3 and below cities increased by 3 percentage points to over 23%.
Enterprise Customer Growth: Total paid enterprise customers increased to 6.38 million, up 12% year-on-year.
Cost Control: Share-based compensation expenses decreased by 10% quarter-on-quarter.
Marketing Efficiency: Sales and marketing expenses decreased by 15% year-on-year.
Adjusted Operating Margin: Adjusted operating margin reached 36%, up 13 percentage points year-on-year.
Focus on High-Impact Priorities: Strategy to enhance operational certainty by focusing on few high-impact priorities.
AI Integration: Deepening AI application across job seekers, recruiters, and management.
Tariff War Impact: The ongoing tariff war is a concern, but its impact on the business has not intensified. The company has observed no severe effects on job seeking and equipment supply and demand.
User Growth and Marketing Efficiency: Despite a decrease in marketing expenses, the company has maintained robust user growth, indicating potential risks in sustaining this growth if marketing strategies do not adapt.
AI Implementation Risks: The company remains cautious about broadly expanding AI's role in recruitment, indicating potential risks in over-reliance on technology to replace human recruiters.
Economic Factors: The recruitment demand has shown recovery trends, but economic uncertainties could impact future hiring demands and overall business performance.
Cost Control: While the company has successfully reduced operating costs, any future increases in costs or inefficiencies could pose risks to profitability.
Profitability Focus: The company has remained focused on driving profitability with encouraging results, achieving a net income of RMB 510 million, reflecting a 112% year-on-year growth.
AI Development: Kanzhun has made solid progress in AI, with applications for job seekers, recruiters, and management, including AI-powered interview robots and improved matching accuracy for enterprise users.
User Growth: The company added over 15 million verified new users from January to April, with average monthly active users reaching 57.56 million, up 24% year-on-year.
Cost Control: Share-based compensation expenses decreased by 10% quarter-on-quarter, and total operating costs decreased by 8% year-on-year.
Revenue Outlook Q2 2025: For the second quarter of 2025, total revenues are expected to be between RMB 2.05 billion and RMB 2.08 billion, representing a year-on-year increase of 7.0% to 8.5%.
Net Income Growth: Net income for Q1 2025 reached RMB 512 million, up 112% year-on-year, indicating strong financial performance.
Cash Position: The company reported a cash position of RMB 14.8 billion as of March 31, 2025, providing financial flexibility for growth initiatives.
Share Buyback Program: None
The earnings call presents a positive sentiment with strong financial performance, including a record high in blue-collar revenue, improved net income, and cash flow. The Q&A reveals optimism in recruitment demand and customer retention, despite cautious AI integration and unclear management responses on future spending plans. The company's strategic focus on growth and shareholder returns, including a share repurchase program, adds to the positive outlook. The absence of market cap data prevents a strong positive rating, but the overall sentiment suggests a stock price increase in the 2% to 8% range over the next two weeks.
The company's strong financial performance, including a 112% YoY net income growth and improved margins, combined with effective cost management and AI-driven initiatives, indicate positive momentum. The Q&A further supports this with sustainable recruitment demand recovery and strategic investments in AI and overseas expansion. The renewed share repurchase program and dividend policy also bolster shareholder confidence. Despite the lack of market cap data, the overall sentiment is positive, suggesting a likely stock price increase of 2% to 8% over the next two weeks.
The earnings call highlights strong financial performance with record user growth, increased revenue, and improved margins. Despite risks like the tariff war and AI implementation concerns, the company shows resilience and growth potential. Share buybacks and a strong cash position further bolster investor confidence. Positive Q&A feedback and optimistic guidance suggest a favorable outlook, leading to a positive stock price prediction over the next two weeks.
The earnings call highlights strong financial performance with a significant increase in net income and operating margins. User growth and AI implementation are driving revenue, despite concerns about the tariff war and economic conditions. The Q&A reveals positive sentiment towards AI features and confidence in achieving profit targets. However, lack of shareholder return programs and vague future recruitment predictions slightly temper enthusiasm. Overall, the positive financial metrics and growth outlook suggest a positive stock price movement.
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