KANZHUN LIMITED Reports Profitable Earnings Results for FY2023 Q2
September 7, 2023
☀️Earnings Overview
On August 29 2023, KANZHUN LIMITED ($NASDAQ:BZ) reported its financial results for the second quarter of FY2023, which ran from April 1 to June 30 2023. The company saw a 33.7% year-over-year increase in total revenue to CNY 1487.6 million, along with a remarkable jump in net income from CNY 92.5 million to CNY 309.6 million.
Market Price
KANZHUN LIMITED reported strong earnings results for the second fiscal quarter of 2023, with their stock opening at $15.6 and closing at $14.9, representing a 2.8% increase from their last closing price of 14.5. This impressive performance was driven by the company’s ability to capitalize on new market opportunities and the continued growth of its existing businesses. This was due to KANZHUN LIMITED’s strategic investments in new technology, research and development, and expansion of its customer base. Overall, the company performed well in all areas of the business and reported positive earnings results for the fiscal quarter. The strong financial performance of KANZHUN LIMITED has been reflected in its stock price, which opened at $15.6 and closed at $14.9, an impressive 2.8% increase from its last closing price of 14.5.
This indicates that investors have confidence in the company’s management and their ability to generate strong returns in the future. KANZHUN LIMITED’s impressive financial performance is a testament to their agility in capturing new opportunities and achieving sustainable growth. Their continued success should result in further gains over the next fiscal quarter and beyond. 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
GoodWhale has conducted a financial analysis of KANZHUN LIMITED‘s performance with our platform. The Star Chart shows that KANZHUN LIMITED is strong in asset growth, profitability and weak in dividend. On the other hand, the Health Score of 9/10 indicates that KANZHUN LIMITED is capable of sustaining future operations in times of crisis. We have classified this company as a ‘gorilla’, which means it has achieved stable and high revenue or earning growth due to a strong competitive advantage. Given such impressive financials, we believe that investors interested in companies with strong competitive advantages and ability to sustain future operations in times of crisis would find KANZHUN LIMITED to be an attractive investment opportunity. 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
KANZHUN LIMITED had strong earnings results for FY2023 Q2, with total revenue increasing 33.7% year-over-year to CNY 1487.6 million. Net income saw an even bigger growth, rising to CNY 309.6 million compared to CNY 92.5 million during the same period of the prior year. This impressive performance indicates that investors may benefit from investing in KANZHUN LIMITED, with its strong potential for high returns and growth. More research and financial analysis is needed to determine the company’s risk factors, investment potential, and long-term sustainability.
Related Posts
Recent Posts
