Recently, According to the BOSS direct recruitment announcement, the company repurchased over 370000 common shares worth a total of nearly RMB 29 million on May 24th. Prior to this, On April 16, April 18, April 19, and May 23, BOSS directly engaged in the repurchase of nearly 620000 common shares worth a total of over 45 million RMB. This means that from mid April to present, BOSS Direct Hire has cumulatively repurchased over 74 million yuan of stocks.
The latest financial report shows that in the first quarter of 2024, BOSS's direct recruitment achieved a revenue of 1.704 billion yuan, a year-on-year increase of 33.4%, exceeding the company's previous expectations. Under non GAAP accounting standards, the company's adjusted net profit continued to maintain a healthy level, reaching 531 million yuan.
Entering the peak season of job seeking and recruitment in 2024, BOSS Direct Recruitment continues to explore incremental markets with a proactive attitude, attracting companies and job seekers who have not used online recruitment services to become platform users. In the first quarter, The average monthly active users (MAU) of BOSS direct recruitment is close to 47 million, a year-on-year increase of 17.4%, reaching a historical high. In March, the monthly active users of the BOSS direct recruitment app exceeded 50 million for the first time, reaching 55 million, a year-on-year increase of 24%. At the same time, the user stickiness of the platform remains stable, The proportion of DAU to MAU runs smoothly.
On the enterprise side, as of March 31, 2024, the number of paid corporate customers reached 5.7 million, a year-on-year increase of 42.5%. Among them, the proportion of revenue contributed by typical incremental users such as blue collar workers, second tier and below city enterprises has further expanded.
Zhao Peng, the founder, chairman, and CEO of BOSS, revealed during a performance conference after the financial report was released that these 5.7 million paying corporate clients are distributed among over 3.5 million companies. He said, "The order of magnitude of 3.5 million may seem large in the global enterprise service market, but it accounts for less than 10% of China's over 40 million enterprise scale. Helping China's large number of small and micro enterprises gradually achieve digitalization of recruitment is a long journey and also full of huge business opportunities."
Considering the gradual recovery of corporate recruitment demand, the company's expected revenue for the second quarter of 2024 is between 1.91 billion yuan and 1.96 billion yuan, with a year-on-year growth of 28.4% -31.7%.