Kanzhun Ltd 6-K, filed Aug 23, 2022

Kanzhun Ltd (BZ)

6-K 2022-08-23 For: 2022-08-23

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Added on April 11, 2026

About this 6-K

Kanzhun Ltd filed this 6-K on August 23, 2022.

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By	:	/s/ Yu Zhang
Name	:	Yu Zhang
Title	:	Director and Chief Financial Officer

	For the three months ended June 30,									For the six months ended June 30,
	2021			2022						2021			2022
	RMB			RMB			US$			RMB			RMB			US$
Revenues
Online recruitment services to enterprise customers		1,157,763			1,099,866			164,206			1,939,919			2,227,184			332,510
Other services		10,419			12,478			1,863			16,798			23,040			3,440
Total revenues		1,168,182			1,112,344			166,069			1,956,717			2,250,224			335,950
Operating cost and expenses
Cost of revenues⁽¹⁾		(143,173	)		(174,230	)		(26,012	)		(250,029	)		(351,578	)		(52,489	)
Sales and marketing expenses⁽¹⁾		(534,243	)		(399,526	)		(59,648	)		(1,152,780	)		(921,900	)		(137,636	)
Research and development expenses⁽¹⁾		(249,961	)		(307,686	)		(45,936	)		(413,728	)		(598,425	)		(89,343	)
General and administrative expenses⁽¹⁾		(1,666,900	)		(160,348	)		(23,939	)		(1,748,612	)		(316,035	)		(47,183	)
Total operating cost and expenses		(2,594,277	)		(1,041,790	)		(155,535	)		(3,565,149	)		(2,187,938	)		(326,651	)
Other operating income, net		5,339			5,734			856			7,657			10,743			1,604
(Loss)/Income from operations		(1,420,756	)		76,288			11,390			(1,600,775	)		73,029			10,903
Investment income		5,818			7,801			1,165			8,629			17,075			2,549
Financial income, net		2,056			20,508			3,062			4,017			24,185			3,611
Foreign exchange (loss)/gain		(1,050	)		5,136			767			(586	)		4,694			701
Other expenses, net		(201	)		(803	)		(120	)		(1,597	)		(9,657	)		(1,442	)
(Loss)/Income before income tax expense		(1,414,133	)		108,930			16,264			(1,590,312	)		109,326			16,322
Income tax expense		-			(1,555	)		(232	)		-			(14,123	)		(2,109	)
Net (loss)/income		(1,414,133	)		107,375			16,032			(1,590,312	)		95,203			14,213
Accretion on convertible redeemable preferred shares to redemption value		(71,802	)		-			-			(164,065	)		-			-
Net (loss)/income attributable to ordinary shareholders		(1,485,935	)		107,375			16,032			(1,754,377	)		95,203			14,213
Net (loss)/income		(1,414,133	)		107,375			16,032			(1,590,312	)		95,203			14,213
Other comprehensive (loss)/income
Foreign currency translation adjustments		(18,084	)		583,255			87,078			7,884			539,012			80,472
Total comprehensive (loss)/income		(1,432,217	)		690,630			103,110			(1,582,428	)		634,215			94,685
Weighted average number of ordinary shares
—Basic		158,122,725			869,222,984			869,222,984			147,308,942			869,427,036			869,427,036
—Diluted		158,122,725			912,341,882			912,341,882			147,308,942			917,484,059			917,484,059
Net (loss)/income per ordinary share attributable to ordinary shareholders
—Basic		(9.40	)		0.12			0.02			(11.91	)		0.11			0.02
—Diluted		(9.40	)		0.12			0.02			(11.91	)		0.10			0.02
Net (loss)/income per ADS* attributable to ordinary shareholders
—Basic		(18.79	)		0.25			0.04			(23.82	)		0.22			0.03
—Diluted		(18.79	)		0.24			0.04			(23.82	)		0.21			0.03

	For the three months ended June 30,						For the six months ended June 30,
	2021		2022				2021		2022
	RMB		RMB		US$		RMB		RMB		US$
Cost of revenues		9,652		8,394		1,253		13,137		16,113		2,406
Sales and marketing expenses		24,976		34,487		5,149		26,922		63,817		9,528
Research and development expenses		42,061		57,702		8,615		58,633		115,117		17,187
General and administrative expenses		1,583,904		49,237		7,351		1,610,559		87,999		13,138
		1,660,593		149,820		22,368		1,709,251		283,046		42,259

	As of
	December 31, 2021			June 30, 2022
	RMB			RMB			US$
ASSETS
Current assets
Cash and cash equivalents		11,341,758			12,174,097			1,817,545
Short-term investments		884,996			812,225			121,262
Accounts receivable		1,002			2,013			301
Amounts due from related parties		6,615			9,583			1,431
Prepayments and other current assets		724,583			520,589			77,722
Total current assets		12,958,954			13,518,507			2,018,261
Non-current assets
Property, equipment and software, net		369,126			546,106			81,531
Intangible assets, net		458			413			62
Right-of-use assets, net		309,085			303,609			45,328
Other non-current assets		4,000			4,000			597
Total non-current assets		682,669			854,128			127,518
Total assets		13,641,623			14,372,635			2,145,779
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable		52,963			135,273			20,196
Deferred revenue		1,958,570			1,979,056			295,465
Other payables and accrued liabilities		645,138			564,099			84,218
Operating lease liabilities, current		127,531			146,134			21,817
Total current liabilities		2,784,202			2,824,562			421,696
Non-current liabilities
Operating lease liabilities, non-current		183,365			166,309			24,829
Total non-current liabilities		183,365			166,309			24,829
Total liabilities		2,967,567			2,990,871			446,525
Shareholders’ equity
Ordinary shares		554			559			83
Treasury shares		-			(267,982	)		(40,009	)
Additional paid-in capital		14,624,386			14,965,856			2,234,343
Accumulated other comprehensive (loss)/income		(257,765	)		281,247			41,991
Accumulated deficit		(3,693,119	)		(3,597,916	)		(537,154	)
Total shareholders’ equity		10,674,056			11,381,764			1,699,254
Total liabilities and shareholders’ equity		13,641,623			14,372,635			2,145,779

	For the three months ended June 30,									For the six months ended June 30,
	2021			2022						2021			2022
	RMB			RMB			US$			RMB			RMB			US$
Net cash generated from operating activities		671,208			186,937			27,909			836,543			480,948			71,804
Net cash (used in)/generated from investing activities		(90,867	)		145,610			21,739			(167,365	)		(97,909	)		(14,617	)
Net cash generated from/(used in) financing activities		6,424,406			(96,920	)		(14,470	)		6,412,214			(87,816	)		(13,111	)
Effect of exchange rate changes on cash and cash equivalents		(17,068	)		581,787			86,859			9,364			537,116			80,189
Net increase in cash and cash equivalents		6,987,679			817,414			122,037			7,090,756			832,339			124,265
Cash and cash equivalents at beginning of the period		4,101,280			11,356,683			1,695,508			3,998,203			11,341,758			1,693,280
Cash and cash equivalents at end of the period		11,088,959			12,174,097			1,817,545			11,088,959			12,174,097			1,817,545