External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

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<ul><li>Boss Zhipin announced 4Q25 results: total revenue grew by 14% YoY to RMB2.08bn, and non-GAAP net income was up by 25% YoY to RMB906mn, both largely in line with Bloomberg consensus estimates.</li><li>For 1Q26E, the company guided total revenue to grow by 6-8% YoY to RMB2.050-2.085bn, slightly below consensus estimate (RMB2.12bn), as the late start of the Spring Festival this year led to fewer days for revenue recognition of the spring peak season in 1Q26.</li><li>Management noted the recruitment demand remained solid in 1Q26 after adjustment of the Spring Festival effect. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Boss Zhipin announced 4Q25 results: total revenue grew by 14% YoY to RMB2.08bn, and non-GAAP net income was up by 25% YoY to RMB906mn, both largely in line with Bloomberg consensus estimates.For 1Q26E, the company guided total revenue to grow by 6-8% YoY to RMB2.050-2.085bn, slightly below consensus estimate (RMB2.12bn), as the late start of the Spring Festival this year led to fewer days for revenue recognition of the spring peak season in 1Q26.Management noted the recruitment demand remained solid in 1Q26 after adjustment of the Spring Festival effect. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Kanzhun Limited (BZ US) - 4Q25 Results: Resilient Recruitment Demand; Increasing Shareholder Return

China

Kanzhun Ltd. operates BOSS Zhipin, a leading online recruitment platform in China. The platform connects job seekers and enterprise users through its highly interactive mobile app, utilizing proprietary AI algorithms and big data insights for accurate matching and direct communication. Kanzhun was founded in 2014 and is headquartered in Beijing, China.

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Kanzhun (2076 HK)

Kanzhun Limited (BZ US) - 4Q25 Results: Resilient Recruitment Demand; Increasing Shareholder Return

oss Zhipin announced 4Q25 results: total revenue grew by 14% YoY to RMB2.08bn, and non-GAAP net income was up by 25% YoY to RMB906mn...

CMB International

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