On March 12th, the US stock market closed, and BOSS Direct Hire (NASDAQ: BZ) stock price rose 18.8% to $20.79, with an intraday increase stretching to 21.7%. After the opening of the Hong Kong stock market on March 13th, BOSS Direct Hire (HK: 2076) also rose by 20.77%. Previously, BOSS Zhipin released its financial reports for the fourth quarter and full year of 2023, and announced a new stock repurchase plan worth up to $200 million.
The management revealed in a conference call that the recruitment demand of enterprises is steadily recovering. Since the Spring Festival, the daily average of new and online positions in all industries has shown positive growth compared to the same period in 2023.
The financial report shows that the company's revenue for the fourth quarter increased by 46% year-on-year, to 1.58 billion yuan (approximately 222.6 million US dollars), higher than the average estimate of 216 million US dollars by Yahoo analysts. In 2023, BOSS achieved a revenue of 5.952 billion yuan through direct recruitment, a year-on-year increase of 31.9%; After calculation, cash receipts amounted to 6.685 billion yuan, a year-on-year increase of 44.9%; Obtained a net profit of 1.099 billion yuan, a significant increase compared to the same period last year of 107 million yuan in 2022.