[Today's focus]

BOSS Direct Hiring - W (02076.HK) operating profit increased 26.5% in the third quarter, monthly active users increased by 30.0%

BOSS Direct Employment-W (02076.HK) announced that in the third quarter of 2024, the company's revenue was RMB 1911.6 million, an increase of 19.0% over RMB 1606.6 million in the same quarter of 2023. Operating profit for the third quarter was RMB 330.2 million, up 26.5% from RMB 261 million in the same quarter of 2023.

The total number of paying corporate customers for the 12 months ended September 30, 2024 was 6 million, up 22.4% from 4.9 million in the 12 months ended September 30, 2023.

The average monthly active users (monthly active users) in the third quarter of 2024 was 58 million, up 30.0% from 44.6 million in the same quarter of 2023.

The company currently expects total revenue for the fourth quarter of 2024 to be between RMB 1.795 billion and RMB 1.81 billion, an increase of 13.6% to 14.6% over the previous year.

Mr. Zhao Peng, founder, chairman and CEO of the company, said, “The overall recruitment market environment in the third quarter was still challenging. The company's strategy of focusing on engines of growth still yielded good results. Strong user growth, good corporate customer retention, and stable ARPPU (average revenue per paid enterprise customer) all prove the resilience of our business model against headwinds and the sustainability of our commercialization model. Our commitment to shareholder returns and ongoing share buybacks also demonstrate management's firm confidence in the company's long-term growth.”

Mr. Zhang Yu, the company's chief financial officer, added, “We achieved steady financial results in the third quarter. Revenue increased 19.0% year over year, and net profit reached a record high for the quarter. Our cost structure remained stable while achieving a 30.0% year-on-year increase in monthly active users, indicating an increase in marketing efficiency. As we continue to focus on sustainable cost control, the strong operating leverage inherent in our business model will further enhance our profitability over the next few quarters.”

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[Operation Data]

China Taibao (02601.HK): Pacific Life Insurance's premium income of 228.842 billion yuan from January to November increased 2.2% year-on-year

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[Pharmaceutical Innovation]

China Biopharmaceutical (01177.HK): “Elibulin Mesylate Injection” approved for listing

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[Purchase and sale]

Aobo Holdings (00880.HK) plans to acquire properties in Hengqin New Area, Zhuhai for 0.546 billion yuan

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[Equity Incentives]

Budweiser Asia Pacific (01876.HK) grants a total of 30.8197 million restricted share units

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[Issuance of additional shares]

New Quality Digital Technology (02322.HK) plans to discount about 7.89% and place up to 0.8 billion shares to raise HK$0.53 billion

Marco Digital Technology (01942.HK) plans to distribute a total of 0.212 billion shares at a discount of about 15.38% to raise HK$0.21 billion

[Repurchase Cancellation]

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China Petroleum & Chemical Co., Ltd. (00386.HK) spent HK$16.3894 million to buy back 3.8 million shares on December 11

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Pacific Shipping (02343.HK) cancelled 21.197 million shares and repurchased shares on December 11