Shulou(Shulou.com)11/24 Report--

October 11 news, BOSS direct employment to the Hong Kong Stock Exchange submitted a dual main listing application, plans to be listed on the NASDAQ Exchange and the Hong Kong Stock Exchange at the same time, Morgan Stanley, Goldman Sachs as co-sponsors.

In June last year, BOSS was successfully hired on NASDAQ, stock code BZ, issue price of US $19/ ADS. However, according to the announcement on cybersecurity review issued by the State Internet Information Office on July 5,2021, BOSS direct recruitment suspended new user registration during the review period since July last year and did not resume until June 29 this year.

According to the prospectus data submitted by BOSS direct employment, as of June 30 this year, the average monthly active users of BOSS direct employment were 25.9 million, 100.8 million certified job seekers, 17.2 million certified enterprise users and 8.9 million certified enterprises.

In terms of performance, corporate customers are the most important source of BOSS direct employment revenue, contributing up to 99% of the company's revenue. In 2020,2021 and the first half of 2022, the revenue directly employed by BOSS was CNY 1.944 billion, CNY 4.259 billion and CNY 2.250 billion respectively, with year-on-year growth of 94.7%, 119% and 15%; the net profit was CNY-942 million, CNY-1.1 billion and CNY 80.3 million respectively.

BOSS direct employment in the first half of this year year-on-year turnaround, mainly benefited from cost and expense compression. BOSS direct employment disclosed in the prospectus, the first half of this year marketing expenses reduced mainly considering the suspension of new user registration, reduced advertising, the first half of BOSS direct employment operating costs and expenses reduced from 3.6 billion yuan in the same period last year to 2.2 billion yuan.

The IPO fundraising is expected to be used to drive user base growth and user engagement, online and offline marketing campaigns, etc. This includes expanding the diversified user base to expand the share of blue-collar recruitment industry; and increasing the user base and user engagement of gold collar through product design optimization.

BOSS directly hired U.S. stocks yesterday closed at $15.78, with a total market capitalization of $6.863 billion. Since its listing in the United States, BOSS's share price has fluctuated downward as a whole.

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