Boss Zhipin Outperform Upgrade Follows RMB1.67B Buybacks, US$400M Authorization
BZ•Boss Zhipin repurchased 840,198 shares for RMB40.6 million on June 4, bringing its 2026 buybacks to over RMB1.67 billion and extending its repurchase authorization to US$400 million through August 2027. Bernstein upgraded the company to Outperform, citing an 11x forward P/E, 85% gross margin and net cash position.
1. Year-to-Date Share Repurchases
On June 4, Boss Zhipin repurchased 840,198 ordinary shares for RMB40.6 million, raising its total buybacks to over RMB1.67 billion so far in 2026, underscoring a strong commitment to returning capital to investors.
2. Buyback Authorization and Income Allocation
In March, the board approved raising the share repurchase authorization to US$400 million through August 28, 2027, and committed to allocate at least 50% of adjusted net income each year from 2026 onward for dividends and share repurchases, subject to financial performance and market conditions.
3. Outperform Rating and Financial Health
Bernstein’s upgrade to Outperform highlights Boss Zhipin’s attractive valuation at an 11x forward P/E, robust 85% gross margin, net cash balance, and sustained growth in large company hiring and its blue-collar recruitment segment.
