Kanzhun Ltd 6-K, filed Aug 28, 2024

Kanzhun Ltd (BZ)

6-K 2024-08-28 For: 2024-08-28

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Added on April 11, 2026

About this 6-K

Kanzhun Ltd filed this 6-K on August 28, 2024.

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Exhibit No.		Description
99.1		Press Release—KANZHUN LIMITED Announces Second Quarter 2024 Financial Results
99.2		Announcement—Interim Results Announcement for the Six Months Ended June 30, 2024
99.3		Announcement—Change of Joint Company Secretary, Process Agent and Authorised Representative and Waiver from Strict Compliance with Rules 3.28 and 8.17 of the Listing Rules

KANZHUN LIMITED

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

1	Calculated cash billings is a non-GAAP financial measure, derived by adding the change in deferred revenue to revenues. For more information about the non-GAAP financial measures, please see the section of “Non-GAAP Financial Measures.”
2	Monthly active users refer to the number of verified user accounts, including both job seekers and enterprise users, that logged on to our mobile application in a given month at least once.
3	Paid enterprise customers are defined as enterprise users and company accounts from which we recognize revenues for our online recruitment services.
4	Adjusted net income and adjusted basic and diluted net income per ADS attributable to ordinary shareholders are non-GAAP financial measures, excluding the impact of share-based compensation expenses. For more information about the non-GAAP financial measures, please see the section of “Non-GAAP Financial Measures.”

	For the three months ended June 30,									For the six months ended June 30,
	2023			2024						2023			2024
	RMB			RMB			US$			RMB			RMB			US$
Revenues
Online recruitment services to enterprise customers		1,470,822			1,892,723			260,447			2,730,879			3,576,810			492,185
Others		16,793			24,020			3,305			34,282			43,686			6,011
Total revenues		1,487,615			1,916,743			263,752			2,765,161			3,620,496			498,196
Operating cost and expenses
Cost of revenues⁽¹⁾		(270,322	)		(316,532	)		(43,556	)		(517,486	)		(611,971	)		(84,210	)
Sales and marketing expenses⁽¹⁾		(471,593	)		(545,169	)		(75,018	)		(1,100,431	)		(1,124,439	)		(154,728	)
Research and development expenses⁽¹⁾		(365,907	)		(443,729	)		(61,059	)		(698,975	)		(911,298	)		(125,399	)
General and administrative expenses⁽¹⁾		(202,986	)		(261,210	)		(35,944	)		(367,572	)		(531,682	)		(73,162	)
Total operating cost and expenses		(1,310,808	)		(1,566,640	)		(215,577	)		(2,684,464	)		(3,179,390	)		(437,499	)
Other operating (expenses)/income, net		(1,776	)		8,506			1,170			17,035			21,096			2,903
Income from operations		175,031			358,609			49,345			97,732			462,202			63,600
Interest and investment income, net		151,278			153,814			21,166			278,671			309,870			42,640
Foreign exchange gain		3,907			63			9			2,808			93			13
Other (expenses)/income, net		(1,113	)		(264	)		(36	)		4,529			(523	)		(72	)
Income before income tax expenses		329,103			512,222			70,484			383,740			771,642			106,181
Income tax expenses		(19,506	)		(94,972	)		(13,069	)		(41,480	)		(112,668	)		(15,504	)
Net income		309,597			417,250			57,415			342,260			658,974			90,677
Net loss attributable to non-controlling interests		-			4,483			617			-			7,710			1,061
Net income attributable to ordinary shareholders of KANZHUN LIMITED		309,597			421,733			58,032			342,260			666,684			91,738
Weighted average number of ordinary shares used in computing net income per share
— Basic		868,643,514			888,934,440			888,934,440			867,314,841			884,833,645			884,833,645
— Diluted		900,111,944			924,052,158			924,052,158			903,757,988			915,678,778			915,678,778
Net income per ordinary share attributable to ordinary shareholders
— Basic		0.36			0.47			0.07			0.39			0.75			0.10
— Diluted		0.34			0.46			0.06			0.38			0.73			0.10
Net income per ADS⁽²⁾ attributable to ordinary shareholders
— Basic		0.71			0.95			0.13			0.79			1.51			0.21
— Diluted		0.69			0.91			0.13			0.76			1.46			0.20

	For the three months ended June 30,						For the six months ended June 30,
	2023		2024				2023		2024
	RMB		RMB		US$		RMB		RMB		US$
Cost of revenues		12,352		11,499		1,582		22,962		22,416		3,085
Sales and marketing expenses		64,067		71,482		9,836		124,530		141,954		19,534
Research and development expenses		105,756		109,980		15,134		196,430		212,673		29,265
General and administrative expenses		76,727		108,482		14,928		127,271		213,377		29,362
		258,902		301,443		41,480		471,193		590,420		81,246

	As of
	December 31, 2023		June 30, 2024
	RMB		RMB		US$
ASSETS
Current assets
Cash and cash equivalents		2,472,959		3,472,390		477,817
Short-term time deposits		6,922,803		5,267,014		724,765
Short-term investments		3,513,885		5,542,508		762,674
Accounts receivable, net		16,727		29,856		4,108
Inventories		-		2,787		384
Amounts due from related parties		3,966		5,625		774
Prepayments and other current assets		442,697		535,488		73,686
Total current assets		13,373,037		14,855,668		2,044,208
Non-current assets
Property, equipment and software, net		1,793,488		1,909,180		262,712
Intangible assets, net		8,093		270,766		37,259
Goodwill		5,690		6,528		898
Right-of-use assets, net		282,612		409,314		56,323
Long-term time deposits		-		726,476		99,966
Long-term investments		2,473,128		986,917		135,804
Other non-current assets		4,000		-		-
Total non-current assets		4,567,011		4,309,181		592,962
Total assets		17,940,048		19,164,849		2,637,170
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable		629,216		170,700		23,489
Deferred revenue		2,794,075		3,175,000		436,895
Other payables and accrued liabilities		779,046		614,515		84,560
Operating lease liabilities, current		155,014		185,661		25,548
Total current liabilities		4,357,351		4,145,876		570,492
Non-current liabilities
Operating lease liabilities, non-current		125,079		211,219		29,065
Deferred tax liabilities		28,425		26,403		3,633
Total non-current liabilities		153,504		237,622		32,698
Total liabilities		4,510,855		4,383,498		603,190
Total shareholders’ equity		13,429,193		14,781,351		2,033,980
Total liabilities and shareholders’ equity		17,940,048		19,164,849		2,637,170

	By Order of the Board
	KANZHUN LIMITED
	Mr. Peng Zhao
	Founder, Chairman and Chief Executive Officer