The third quarter revenue of boss direct employment was RMB 1.211 billion, with a year-on-year increase of 105%

0
26

On November 23, boss direct employment (NASDAQ: BZ) released the unaudited financial report for the third quarter of 2021. According to the financial report, the direct employment of boss achieved a revenue of 1.211 billion yuan in the third quarter, a year-on-year increase of 105%, exceeding market expectations. After deducting equity incentive expenses, the company continued to make profits, with a net profit of 385 million yuan.
In the 12 months ended September 30, 2021, the total number of paid enterprise customers directly employed by the boss reached 4 million.
In the third quarter, the average Mau (monthly active users) of boss direct employment app was 28.82 million, an increase of 28.8% over the same period last year; Dau accounts for 27.5% of Mau.
During the reporting period, the sales and marketing cost was 416 million yuan, accounting for 34% of the revenue. Thus, after deducting the expenses after equity incentive, the net profit increased by 636% compared with the same period last year and 56% compared with the previous quarter.
“The suspension of new users has brought great challenges to the team, but the effectiveness of the company’s mode of technological transformation of traditional human resources services has not changed. Challenges are also opportunities. The company should use this time to strengthen core competence construction, optimize growth ideas and pursue higher quality and safer development,” said Zhao Peng, direct founder, chairman and CEO of boss, “I believe that enterprises that have been used to becoming bigger may not be able to become stronger. But enterprises that can become stronger must have more opportunities to become bigger.”
“The stable activity proves the competitive advantage of boss direct employment in the past, which took the job-hunting experience as the first and the path of equal inclusion of small and medium-sized enterprises. The steady profit reflects the company’s healthy and high-quality business model,” said Zhang Yu, CFO of boss direct employment, “In the third quarter, the company comprehensively optimized the service level in terms of products, technology and safety. At the same time, the company is actively cooperating with the supervision, with a view to opening up to new users in a safer and more perfect state in the future. In the future, the company will continue to increase investment in the field of human resources science and technology, and realize the optimization of human resources allocation efficiency in key industries such as service industry, manufacturing industry and agriculture Industrialization and service-oriented to alleviate the structural employment contradiction. ”
Summary of performance of boss direct employment in the third quarter
In the third quarter of 2021, the revenue was RMB 1211.8 million (US $188.1 million), a year-on-year increase of 105.4%.
The revenue from online recruitment services was RMB 1197.1 million (US $185.8 million), a year-on-year increase of 104.4%.
Revenue from other services was 14.6 million yuan (US $2.3 million), a year-on-year increase of 217.4%.
In the third quarter, the total operating costs and expenses were RMB 903.9 million (US $140.3 million), a year-on-year increase of 61.7%.
The revenue cost was 154.8 million yuan (US $24 million), a year-on-year increase of 124.7%.
Sales and marketing expenses amounted to RMB 416.4 million (US $64.6 million), a year-on-year increase of 46.8%.
R & D expenses amounted to 209.3 million yuan (US $32.5 million), a year-on-year increase of 49.9%.
Administrative expenses amounted to 123.3 million yuan (US $19.1 million), a year-on-year increase of 83.8%.
The net profit was 286.2 million yuan (US $44.4 million), compared with 33.8 million yuan in the same period last year; the adjusted net profit was 385.1 million yuan (US $59.8 million), compared with 52.3 million yuan in the same period last year.
expectation
For the fourth quarter of 2021, the company currently expects its total revenue to be 1.02 billion yuan and 1.05 billion yuan, a year-on-year increase of 58.1% to 62.8%.