Photo/VCG

OnMarch 20, BOSS Zhipin (or Kanzhun Limited) released its fourth quarter and annual results for 2022.

In 2022, the company's revenue reached 4.511 billion yuan, an increase of 5.9% year-on-year. The annual R&D expenses reached 1.183 billion yuan, an increase of 43.9% year-on-year.

Traditionally, the fourth quarter is a low season for recruitment. In 2022, there were also macro-level factors. Under this background, BOSS Zhipin still achieved steady user growth, with an average MAU of 30.9 million in the fourth quarter, an increase of 26.6% year-on-year.

At the same time, the company's revenue in the fourth quarter was 1.08 billion yuan, flat year-on-year.

After the Spring Festival, the market demand recovered, coupled with the favorable factors of the traditional "spring recruitment" peak season, BOSS Zhipin ushered in strong growth. From January to February 2023, BOSS Zhipin added about 9 million users. During this period, the user activity, that is, the average DAU accounted for the ratio of MAU reached a new high.

On the earnings call, BOSS Zhipin further estimated that the company's cash receipts in the first quarter of 2023 will reach a new high, with a sequential and year-on-year increase of more than 45% and 25%, respectively.

In addition, according to the announcement of BOSS Zhipin on March 20, the company's board of directors has approved a new round of stock repurchase plan, which is expected to repurchase up to 150 million US dollars of stock in the next 12 months.