Boss directly employed to submit IPO application to the United States: 30.6 million yuan per month, 1.94 billion yuan in revenue last year

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Tencent technology news in the early morning of May 22, Beijing time, the online recruitment platform boss direct employment formally submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC), and planned to be listed on the Nasdaq stock code BZ. Goldman Sachs, Morgan Stanley and UBS are underwriters of the IPO.
Zhao Peng, founder, chairman and CEO of boss direct employment, said in the shareholder’s letter that thanks to the popularity of mobile Internet and the era dividend of innovation and entrepreneurship, the company has been growing continuously with the national economic development for seven years. It emphasizes that “we firmly believe that the industry in the final analysis serves the” people “: by helping people develop, we can promote a more reasonable allocation of human resources and create greater value for the society.”
As of March 2021, as an enterprise end service, boss directly engaged 6.3 million certified enterprises, of which 82.6% were SMEs (about 5.2 million by calculation).
According to the information in the prospectus, in March 2021, the average number of monthly active users directly employed by boss increased to 30.6 million. 28.8% of them are blue collar users.
According to the prospectus, from 2019 to 2020, the average Mau directly employed by boss will increase from 11.5 million to 19.8 million, with a year-on-year increase of 73.2%; In 2021, the average Mau in Q1 was 24.9 million, a year-on-year increase of 71.8%.
According to the prospectus, from 2019 to 2020, the number of paying enterprise customers directly employed by boss will increase from 1.24 million to 2.23 million, with a year-on-year increase of 80.1%; In the 12 months ending March 31, 2021, the number of paying enterprise customers directly employed by boss has reached 2.89 million.
In terms of revenue, the direct employment of boss will achieve revenue of 1.94 billion yuan in 2020, with a year-on-year growth of 94.7%; In 2021, Q1 recorded a revenue of 790 million yuan, a year-on-year increase of 179.0%.
If we do not consider the impact of accounting standards, in 2020, the calculated cash receipts directly employed by boss will be 2.52 billion yuan, up 89.7% year on year; In 2021, the calculated cash receipts in Q1 were 1.18 billion yuan, up 281% year on year.
Thanks to the benign growth of cash income, the operating cash flow directly employed by boss will also turn from negative to positive in 2020, reaching 396 million yuan. As of the end of 2020, the total amount of cash and cash equivalents held by boss directly is 3.998 billion yuan.
From 2019 to 2020, the sales and marketing expenses of boss direct employment accounted for 91.8% and 69.3% of the total revenue respectively, with a decrease of 22.5 percentage points, and the proportion was significantly narrowed.
According to the information in the prospectus, the direct employment of boss has raised 3.875 billion yuan in the past two years. Major institutional investors include today capital, Tencent, Gaorong capital, ceyuan venture capital, coatue, Goldman Sachs, GGV and Heyu capital.