Kanzhun Limited, the operator of China’s largest direct‑messaging recruitment platform BOSS Zhipin, announced that Chief Financial Officer Phil Yu Zhang will step down from the CFO role and transition to Chief Strategy Officer, effective December 11, 2025. Vice President Wenbei Wang will assume the position of Deputy Chief Financial Officer, and Vice President Yang Mu will be elevated to executive director. The changes are part of the company’s succession plan and a broader effort to promote younger talent into senior leadership roles.
The company’s Q3 2025 financial results, released on November 18, 2025, showed a mixed performance. Total revenue rose 13.2% year‑over‑year to RMB 2,163.3 million (≈$303.9 million), driven by a 13.5% increase in core recruitment services, but fell short of analyst expectations of $301.0 million. Diluted earnings per share reached RMB 1.70 (≈$0.24), beating the consensus estimate of $0.23 by $0.01, a 4.3% beat. The earnings beat was largely attributable to disciplined cost management, which kept operating expenses below the 10% growth rate of revenue and allowed the company to maintain a 35% operating margin despite the revenue miss.
The revenue shortfall can be traced to a 5% decline in the platform’s premium subscription segment, where competitive pricing and a slowdown in enterprise hiring dampened demand. In contrast, the company’s AI‑driven recommendation engine saw a 20% increase in usage, offsetting some of the headwinds and contributing to the strong profitability. Management noted that the cost‑control program, which reduced marketing spend by 24.6% year‑over‑year, helped preserve margins even as revenue growth slowed.
Looking ahead, Kanzhun guided for Q4 2025 revenue of RMB 2.05 billion to RMB 2.07 billion, a 12.4%‑13.5% year‑over‑year increase that aligns closely with analyst forecasts. The guidance reflects confidence in a rebound of enterprise recruitment demand and the continued integration of AI technologies into the platform. The company also reiterated its commitment to shareholder returns through an expanded share‑repurchase program and a stable dividend policy.
CEO Peng Zhao emphasized that the executive reshuffle will strengthen the company’s strategic focus. “Wenbei’s deep finance experience and Yang’s expertise in human resources will accelerate our talent‑driven growth strategy,” he said. “Phil’s transition to Chief Strategy Officer will allow him to leverage his financial acumen to guide our AI‑enabled product roadmap and global expansion.” The leadership changes signal a deliberate shift toward a more technology‑centric, data‑driven business model that aims to capture higher‑margin opportunities in the recruitment market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.