KANZHUN LIMITED Announces Second Quarter FY2023 Earnings Results for June 30 2023
September 2, 2023
🌧️Earnings Overview
KANZHUN LIMITED ($NASDAQ:BZ) announced their financial results for the second quarter of FY2023, ending June 30 2023, on August 29 2023. Total revenue for the quarter was CNY 1487.6 million, showing an increase of 33.7% compared to the same period in the previous year. Net income for the quarter was CNY 309.6 million, a marked improvement from CNY 92.5 million in the same quarter last year.
Stock Price
At the opening bell, the stock was priced at $15.6 per share, and closed the day at $14.9, a 2.8% increase from the previous closing price of $14.5. This price increase indicates that investors are confident in the company’s growth and performance. Overall, KANZHUN LIMITED‘s second quarter FY2023 earnings results demonstrate their continued financial strength and positive performance in the market. With these results, they remain in a strong position to continue providing quality products and services to their customers and deliver value to their shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kanzhun Limited. More…
| Total Revenues | Net Income | Net Margin |
| 5.03k | 369.18 | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kanzhun Limited. More…
| Operations | Investing | Financing |
| 1.83k | -11.11k | -512.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kanzhun Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.38k | 3.55k | 29.47 |
Key Ratios Snapshot
Some of the financial key ratios for Kanzhun Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 65.3% | – | -2.1% |
| FCF Margin | ROE | ROA |
| 29.6% | -0.5% | -0.4% |
Analysis
As GoodWhale analysts, we conducted an analysis of the fundamentals for KANZHUN LIMITED. Based on the Star Chart, we classified KANZHUN LIMITED as a ‘gorilla’, indicating that the company has achieved stable and high revenue or earnings growth due to its strong competitive advantage. This type of company may be of particular interest to investors looking for long-term stability and strong growth potential. Additionally, our analysis revealed that KANZHUN LIMITED has a high health score of 9/10 considering its cashflows and debt. This suggests that this company is capable of riding out any crisis without the risk of bankruptcy. Moreover, KANZHUN LIMITED is strong in terms of assets, growth, and profitability. On the other hand, it is weak in terms of dividend payments. More…
Peers
The competition between Kanzhun Ltd and its competitors, such as ZTO Express (Cayman) Inc, Frontier Group Holdings Inc, and JetBlue Airways Corp, is fierce in the current market. All companies are competing to offer the most competitive prices and the best services to their customers in order to gain a larger market share. As a result, the competition between these companies is expected to continue to be intense going forward.
– ZTO Express (Cayman) Inc ($SEHK:02057)
ZTO Express (Cayman) Inc is a leading express delivery company in China, providing express delivery and other value-added logistics services. The company has a market cap of 175.39B as of 2023, and a Return on Equity (ROE) of 9.7%. This market cap and ROE indicate that the company has seen significant growth over the past few years, indicating a positive outlook for its future. ZTO Express has a comprehensive network of express delivery services across China, with over 35,000 courier stations and over 500 million customers. The company has also diversified its business operations to include e-commerce and warehouse services. In addition, it has also invested in various technologies such as big data, cloud computing, and artificial intelligence to provide better customer experience.
– Frontier Group Holdings Inc ($NASDAQ:ULCC)
Frontier Group Holdings Inc is a publicly-traded telecommunications and media company that operates in the United States. The company’s current market capitalization stands at 2.2 billion dollars as of 2023. Frontier Group Holdings Inc’s Return on Equity (ROE) has been a negative 23.77%, which is reflective of their overall financial performance. This is indicative of a decrease in their shareholder’s equity due to greater losses and lower profitability. Frontier Group Holdings Inc is focused on providing integrated communications services for residential and business customers as well as delivering high-speed internet, television, and phone services.
– JetBlue Airways Corp ($NASDAQ:JBLU)
JetBlue Airways Corp is a US-based airline company that offers air travel services to over 100 destinations in the US, Caribbean, Central America, and South America. The company has a market cap of 2.1B as of 2023, indicating that it is a relatively large and established company. JetBlue’s Return on Equity (ROE) stands at -8.81%, which suggests a lack of profitability. This could be caused by a number of factors, including the airline industry’s susceptibility to economic downturns and changes in fuel prices. However, despite this, JetBlue has remained a successful airline with an extensive network of destinations.
Summary
This provides a positive sign for potential investors, as KANZHUN LIMITED has demonstrated an impressive growth trajectory and is positioned for continued success in the future. With their strong performance this quarter, KANZHUN LIMITED is an attractive investment option for those looking to benefit from solid returns.
Related Posts
Recent Posts
