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KANZHUN LIMITED Announces Fourth Quarter and Full Year 2024 Financial Results

1. BZ's paid enterprise customers increased 17.3% year-over-year to 6.1 million. 2. Fourth quarter revenues rose 15.4% year-over-year to RMB1,823.6 million. 3. Net income for Q4 2024 increased 34.1% to RMB444.2 million. 4. Adjusted operating margin reached record high at 31.5% in 2024. 5. Future revenue growth projected between RMB1.90 billion and RMB1.92 billion.

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Why Bullish?

The substantial revenue growth and improved profitability indicate solid business health, which historically correlates with stock price increases. For example, prior earnings reports with similar metrics led to favorable market responses.

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The financial results reveal BZ's strong business performance, compelling growth prospects, and supportive financial health for investors. Positive sentiment generated from strong earnings implies a high likelihood of impact on BZ's stock valuation.

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Immediate market reactions to earnings reports typically occur within days. Past occurrences show rapid price adjustments post-announcement reflecting investor sentiment.

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BEIJING, March 11, 2025 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced its unaudited financial results for the quarter and full year ended December 31, 2024. Fourth Quarter and Full Year 2024 Highlights Total paid enterprise customers1 in the twelve months ended December 31, 2024 were 6.1 million, an increase of 17.3% from 5.2 million in the twelve months ended December 31, 2023.Average monthly active users (MAU)2 for the fourth quarter of 2024 were 52.7 million, an increase of 27.9% from 41.2 million for the same quarter of 2023.Average MAU for the full year of 2024 were 53.0 million, an increase of 25.3% from 42.3 million for the full year of 2023. Revenues for the fourth quarter of 2024 were RMB1,823.6 million (US$249.8 million), an increase of 15.4% from RMB1,580.2 million for the same quarter of 2023.Revenues for the full year of 2024 were RMB7,355.7 million (US$1,007.7 million), an increase of 23.6% from RMB5,952.0 million for the full year of 2023. Income from operations for the fourth quarter of 2024 was RMB380.6 million (US$52.1 million), an increase of 71.2% from RMB222.3 million for the same quarter of 2023. Adjusted income from operations3 for the fourth quarter of 2024 was RMB658.8 million (US$90.3 million), an increase of 26.8% from RMB519.7 million for the same quarter of 2023.Income from operations for the full year of 2024 was RMB1,172.9 million (US$160.7 million), an increase of 101.9% from RMB581.0 million for the full year of 2023. Adjusted income from operations for the full year of 2024 was RMB2,316.6 million (US$317.4 million), an increase of 41.4% from RMB1,637.9 million for the full year of 2023. Net income for the fourth quarter of 2024 was RMB444.2 million (US$60.9 million), an increase of 34.1% from RMB331.2 million for the same quarter of 2023. Adjusted net income3 for the fourth quarter of 2024 was RMB722.4 million (US$99.0 million), an increase of 14.9% from RMB628.6 million for the same quarter of 2023.Net income for the full year of 2024 was RMB1,567.0 million (US$214.7 million), an increase of 42.6% from RMB1,099.2 million for the full year of 2023. Adjusted net income for the full year of 2024 was RMB2,710.7 million (US$371.4 million), an increase of 25.7% from RMB2,156.2 million for the full year of 2023. Mr. Jonathan Peng Zhao, Founder, Chairman and Chief Executive Officer of the Company, remarked, “Over the past year, we have remained steadfast in our user-first principle, enhancing product capabilities and service efficiency through technological empowerment while deepening our understanding of user needs. Amidst a fluctuant industry environment, our user-centric growth strategy has driven structural business progress, achieving dual improvement in both revenue and profitability. Technological capability and innovation remain our core DNA. By integrating our proprietary model “Nanbeige”, the first recruitment-specific large language model, and the deployment of DeepSeek, we have successfully launched a series of AI powered products and solutions, including AI agent, for both job seekers and recruiters. These advancements position us at the vanguard of exploring frontier AI applications that are reshaping the future of online recruitment.” Mr. Phil Yu Zhang, Chief Financial Officer of the Company, elaborated, “We are pleased to achieve solid sets of financial result. In 2024, our revenues grew by 23.6% year over year, propelled by sustained, high-quality user growth, and enhanced monetization capabilities through continuous service innovation. Notably, our adjusted operating margin reached a new record high of 31.5%, benefiting from strong operating leverages brought by our effective business model, improved marketing and operation efficiency.” _________________________ 1 Paid enterprise customers are defined as enterprise users and company accounts from which we recognize revenues for our online recruitment services.2 Monthly active users refer to the number of verified user accounts, including both job seekers and enterprise users, that logged on to our mobile application in a given month at least once.3 It is a non-GAAP financial measure, excluding the impact of share-based compensation expenses. For more information about the non-GAAP financial measures, please see the section of “Non-GAAP Financial Measures.” Fourth Quarter 2024 Financial Results Revenues Revenues were RMB1,823.6 million (US$249.8 million) for the fourth quarter of 2024, representing an increase of 15.4% from RMB1,580.2 million for the same quarter of 2023. Revenues from online recruitment services to enterprise customers were RMB1,804.1 million (US$247.2 million) for the fourth quarter of 2024, representing an increase of 15.2% from RMB1,566.7 million for the same quarter of 2023. This increase was mainly driven by the paid enterprise user growth.Revenues from other services, which mainly comprise paid value-added services offered to job seekers, were RMB19.5 million (US$2.7 million) for the fourth quarter of 2024, representing an increase of 44.4% from RMB13.5 million for the same quarter of 2023, mainly benefiting from expanded user base. Operating cost and expenses Total operating cost and expenses were RMB1,456.3 million (US$199.5 million) for the fourth quarter of 2024, representing an increase of 6.8% from RMB1,363.3 million for the same quarter of 2023. Total share-based compensation expenses were RMB278.2 million (US$38.1 million) for the fourth quarter of 2024, representing a decrease of 6.5% from RMB297.4 million for the same quarter of 2023. Cost of revenues was RMB313.7 million (US$43.0 million) for the fourth quarter of 2024, representing an increase of 14.2% from RMB274.8 million for the same quarter of 2023, primarily due to increases in cost related to other businesses.Sales and marketing expenses were RMB426.3 million (US$58.4 million) for the fourth quarter of 2024, representing a decrease of 1.7% from RMB433.5 million for the same quarter of 2023, primarily due to a decrease in advertising and marketing expenses, largely offset by an increase in employee-related expenses.Research and development expenses were RMB440.4 million (US$60.3 million) for the fourth quarter of 2024, representing an increase of 2.4% from RMB430.2 million for the same quarter of 2023, primarily due to an increase in investments in technology, largely offset by a decrease in employee-related expenses.General and administrative expenses were RMB275.8 million (US$37.8 million) for the fourth quarter of 2024, representing an increase of 22.7% from RMB224.8 million for the same quarter of 2023, primarily due to an increase in employee-related expenses. Income from operations and adjusted income from operations Income from operations was RMB380.6 million (US$52.1 million) for the fourth quarter of 2024, representing an increase of 71.2% from RMB222.3 million for the same quarter of 2023. Adjusted income from operations was RMB658.8 million (US$90.3 million) for the fourth quarter of 2024, representing an increase of 26.8% from RMB519.7 million for the same quarter of 2023. Net income and adjusted net income Net income was RMB444.2 million (US$60.9 million) for the fourth quarter of 2024, representing an increase of 34.1% from RMB331.2 million for the same quarter of 2023. Adjusted net income was RMB722.4 million (US$99.0 million) for the fourth quarter of 2024, representing an increase of 14.9% from RMB628.6 million for the same quarter of 2023. Net income per American depositary share (“ADS”) and adjusted net income per ADS Basic and diluted net income per ADS attributable to ordinary shareholders for the fourth quarter of 2024 were RMB1.03 (US$0.14) and RMB1.00 (US$0.14), respectively, compared to basic and diluted net income per ADS of RMB0.76 and RMB0.73 for the same quarter of 2023. Adjusted basic and diluted net income per ADS attributable to ordinary shareholders3 for the fourth quarter of 2024 were RMB1.67 (US$0.23) and RMB1.62 (US$0.22), respectively, compared to adjusted basic and diluted net income per ADS of RMB1.43 and RMB1.39 for the same quarter of 2023. Net cash provided by operating activities Net cash provided by operating activities was RMB956.1 million (US$131.0 million) for the fourth quarter of 2024, representing an increase of 3.2% from RMB926.8 million for the same quarter of 2023. Cash position Balance of cash and cash equivalents, short-term time deposits and short-term investments was RMB14,681.1 million (US$2,011.3 million) as of December 31, 2024. Full Year 2024 Financial Results Revenues Revenues were RMB7,355.7 million (US$1,007.7 million) for the full year of 2024, representing an increase of 23.6% from RMB5,952.0 million for the full year of 2023. Revenues from online recruitment services to enterprise customers were RMB7,270.0 million (US$996.0 million) for the full year of 2024, representing an increase of 23.4% from RMB5,889.1 million for the full year of 2023. This increase was mainly driven by the paid enterprise user growth.Revenues from other services, which mainly comprise paid value-added services offered to job seekers, were RMB85.7 million (US$11.7 million) for the full year of 2024, representing an increase of 36.2% from RMB62.9 million for the full year of 2023, mainly benefiting from expanded user base. Operating cost and expenses Total operating cost and expenses were RMB6,222.5 million (US$852.5 million) for the full year of 2024, representing an increase of 15.1% from RMB5,406.4 million for the full year of 2023. Total share-based compensation expenses were RMB1,143.7 million (US$156.7 million) for the full year of 2024, representing an increase of 8.2% from RMB1,057.0 million for the full year of 2023. Cost of revenues was RMB1,239.7 million (US$169.8 million) for the full year of 2024, representing an increase of 17.0% from RMB1,059.9 million for the full year of 2023, primarily due to increases in server and bandwidth cost, payment processing cost and cost related to other businesses.Sales and marketing expenses were RMB2,073.1 million (US$284.0 million) for the full year of 2024, representing an increase of 4.1% from RMB1,991.2 million for the full year of 2023, primarily due to an increase in employee-related expenses, partially offset by a decrease in advertising and marketing expenses.Research and development expenses were RMB1,815.8 million (US$248.8 million) for the full year of 2024, representing an increase of 17.6% from RMB1,543.6 million for the full year of 2023, primarily due to an increase in investments in technology.General and administrative expenses were RMB1,093.9 million (US$149.9 million) for the full year of 2024, representing an increase of 34.7% from RMB811.8 million for the full year of 2023, primarily due to an increase in employee-related expenses. Income from operations and adjusted income from operations Income from operations was RMB1,172.9 million (US$160.7 million) for the full year of 2024, representing an increase of 101.9% from RMB581.0 million for the full year of 2023. Adjusted income from operations was RMB2,316.6 million (US$317.4 million) for the full year of 2024, representing an increase of 41.4% from RMB1,637.9 million for the full year of 2023. Net income and adjusted net income Net income was RMB1,567.0 million (US$214.7 million) for the full year of 2024, representing an increase of 42.6% from RMB1,099.2 million for the full year of 2023. Adjusted net income was RMB2,710.7 million (US$371.4 million) for the full year of 2024, representing an increase of 25.7% from RMB2,156.2 million for the full year of 2023. Net income per ADS and adjusted net income per ADS Basic and diluted net income per ADS attributable to ordinary shareholders for the full year of 2024 were RMB3.59 (US$0.49) and RMB3.49 (US$0.48), respectively, compared to basic and diluted net income per ADS of RMB2.53 and RMB2.44 for the full year of 2023. Adjusted basic and diluted net income per ADS attributable to ordinary shareholders for the full year of 2024 were RMB6.19 (US$0.85) and RMB6.00 (US$0.82), respectively, compared to adjusted basic and diluted net income per ADS of RMB4.96 and RMB4.78 for the full year of 2023. Net cash provided by operating activities Net cash provided by operating activities was RMB3,542.5 million (US$485.3 million) for the full year of 2024, representing an increase of 16.3% from RMB3,047.0 million for the full year of 2023. Share Repurchase Program In August 2024, the Company’s board of directors authorized a new share repurchase program effective from August 29, 2024 for a 12-month period, under which the Company may repurchase up to US$150 million of its shares (including in the form of ADSs). This share repurchase program operates in conjunction with the previous share repurchase program that became effective on March 20, 2024 for a 12-month period, under which the Company may repurchase up to US$200 million of its shares (including in the form of ADSs). The Company has repurchased more than US$90 million of its shares in the fourth quarter of 2024, bringing the total repurchases for the year of 2024 to around US$229 million (including shares purchased by a trustee from the open market to hold on trust), representing 3.7% of the issued and outstanding shares as of December 31, 2024. This underscores the Company's confidence in its long-term growth prospects and its commitment to delivering sustained returns to shareholders. Outlook For the first quarter of 2025, the Company currently expects its total revenues to be between RMB1.90 billion and RMB1.92 billion, representing a year-on-year increase of 11.5% to 12.7%. This forecast reflects the Company’s current views on the market and operational conditions in China, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof. Conference Call Information The Company will host a conference call at 8:00 AM U.S. Eastern Time on Tuesday, March 11, 2025 (8:00 PM Beijing Time on Tuesday, March 11, 2025) to discuss the financial results. Participants are required to pre-register for the conference call at:https://register.vevent.com/register/BIf38866f4e46849c3b6fe1743c4231f65 Upon registration, participants will receive an email containing participant dial-in numbers and a unique personal PIN. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time. Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.zhipin.com. Exchange Rate This announcement contains translations of certain RMB amounts into U.S. dollar (“US$”) amounts at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the exchange rate of RMB7.2993 to US$1.00 on December 31, 2024 as set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. Non-GAAP Financial Measures In evaluating the business, the Company considers and uses non-GAAP financial measures, such as adjusted income from operations, adjusted net income, adjusted net income attributable to ordinary shareholders, adjusted basic and diluted net income per ordinary share attributable to ordinary shareholders and adjusted basic and diluted net income per ADS attributable to ordinary shareholders as supplemental measures to review and assess operating performance. The Company defines these non-GAAP financial measures by excluding the impact of share-based compensation expenses, which are non-cash expenses, from the related GAAP financial measures. The Company believes that these non-GAAP financial measures help identify underlying trends in the business and facilitate investors’ assessment of the Company’s operating performance. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP information used by other companies. The non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for most directly comparable GAAP financial measures. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures has been provided in the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” at the end of this press release. Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited, in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. About KANZHUN LIMITED KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China. The Company connects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion. For investor and media inquiries, please contact: KANZHUN LIMITEDInvestor RelationsEmail: ir@kanzhun.com PIACENTE FINANCIAL COMMUNICATIONSEmail: kanzhun@tpg-ir.com KANZHUN LIMITEDUnaudited Condensed Consolidated Statements of Operations(All amounts in thousands, except share and per share data)   For the three months endedDecember 31, For the year ended December 31,  2023 2024 2023 2024  RMB RMB US$ RMB RMB US$Revenues            Online recruitment services to enterprise customers 1,566,722  1,804,114  247,163  5,889,101  7,270,026  995,989 Others 13,509  19,492  2,670  62,927  85,651  11,734 Total revenues  1,580,231   1,823,606  249,833   5,952,028    7,355,677    1,007,723  Operating cost and expenses            Cost of revenues(1) (274,846) (313,715) (42,979) (1,059,861) (1,239,712) (169,840)Sales and marketing expenses(1) (433,454) (426,345) (58,409) (1,991,226) (2,073,052) (284,007)Research and development expenses(1) (430,164) (440,360) (60,329) (1,543,568) (1,815,809) (248,765)General and administrative expenses(1) (224,787) (275,835) (37,789) (811,787) (1,093,949) (149,870)Total operating cost and expenses  (1,363,251) (1,456,255) (199,506)  (5,406,442)  (6,222,522)  (852,482)Other operating income, net 5,272  13,210  1,810  35,385  39,791  5,451 Income from operations  222,252   380,561  52,137   580,971    1,172,946    160,692  Interest and investment income, net 163,409  156,464  21,435  606,757  625,282  85,663 Foreign exchange (loss)/gain (1,203) (132) (18) 1,088  (68) (9)Other (expenses)/income, net (4,000) (1,925) (264) 32,973  34,500  4,726 Income before income tax expenses  380,458   534,968  73,290   1,221,789    1,832,660    251,072  Income tax expenses (49,217) (90,743) (12,432) (122,571) (265,634) (36,392)Net income  331,241   444,225  60,858   1,099,218    1,567,026    214,680  Net loss attributable to non-controlling interests 9  5,383  737  9  17,638  2,416 Net income attributable to ordinary shareholders of KANZHUN LIMITED  331,250   449,608  61,595   1,099,227    1,584,664    217,096  Weighted average number of ordinary shares used in computing net income per share            — Basic 876,231,301  874,099,493  874,099,493  870,304,878  881,882,225  881,882,225 — Diluted 903,709,325  898,715,743  898,715,743  902,735,995  909,228,757  909,228,757 Net income per ordinary share attributable to ordinary shareholders            — Basic 0.38  0.51  0.07  1.26  1.80  0.25 — Diluted 0.37  0.50  0.07  1.22  1.74  0.24 Net income per ADS(2) attributable to ordinary shareholders            — Basic 0.76  1.03  0.14  2.53  3.59  0.49 — Diluted 0.73  1.00  0.14  2.44  3.49  0.48  (1) Include share-based compensation expenses as follows:   For the three months endedDecember 31, For the year ended December 31,  2023 2024 2023 2024  RMB RMB US$ RMB RMB US$Cost of revenues 11,417 10,080 1,381 46,395 43,332 5,936Sales and marketing expenses 69,836 71,209 9,756 262,431 280,668 38,451Research and development expenses 113,832 106,079 14,533 418,769 421,411 57,733General and administrative expenses 102,321 90,830 12,444 329,372 398,274 54,563Total  297,406   278,198   38,114   1,056,967   1,143,685   156,683 (2) Each ADS represents two Class A ordinary shares. KANZHUN LIMITEDUnaudited Condensed Consolidated Balance Sheets(All amounts in thousands)   As of December 31,  2023 2024  RMB RMB US$ASSETS      Current assets      Cash and cash equivalents 2,472,959 2,553,090 349,772Short-term time deposits 6,922,803 5,488,631 751,939Short-term investments 3,513,885 6,639,389 909,593Accounts and notes receivable, net 16,727 40,713 5,578Inventories - 3,042 417Amounts due from related parties 3,966 7,258 994Prepayments and other current assets 442,697 368,260 50,451Total current assets  13,373,037   15,100,383   2,068,744 Non-current assets      Long-term investments 2,473,128 1,914,530 262,290Property, equipment and software, net 1,793,488 1,733,786 237,528Right-of-use assets, net 282,612 302,856 41,491Intangible assets, net 8,093 252,589 34,605Goodwill 5,690 6,528 894Other non-current assets 4,000 - -Total non-current assets  4,567,011   4,210,289   576,808 Total assets  17,940,048   19,310,672   2,645,552 LIABILITIES AND SHAREHOLDERS’ EQUITY      Current liabilities      Accounts payable 629,216 110,668 15,162Deferred revenue 2,794,075 3,084,839 422,621Other payables and accrued liabilities 779,046 815,767 111,760Operating lease liabilities, current 155,014 180,782 24,767Total current liabilities  4,357,351   4,192,056   574,310 Non-current liabilities      Operating lease liabilities, non-current 125,079 121,345 16,624Deferred tax liabilities 28,425 34,451 4,720Total non-current liabilities  153,504   155,796   21,344 Total liabilities  4,510,855   4,347,852   595,654 Total shareholders’ equity  13,429,193   14,962,820   2,049,898 Total liabilities and shareholders’ equity  17,940,048   19,310,672   2,645,552 KANZHUN LIMITEDUnaudited Condensed Consolidated Statements of Cash Flows(All amounts in thousands)   For the three months endedDecember 31, For the year ended December 31,  2023 2024 2023 2024  RMB RMB US$ RMB RMB US$Net cash provided by operating activities 926,837  956,108  130,986  3,047,009  3,542,495  485,320 Net cash used in investing activities (489,496) (723,128) (99,068) (9,938,645) (2,016,899) (276,314)Net cash used in financing activities (442,151) (520,351) (71,288) (417,022) (1,460,539) (200,093)Effect of exchange rate changes on cash and cash equivalents 33,149  24,303  3,330  29,793  15,074  2,065 Net increase/(decrease) in cash and cash equivalents  28,339    (263,068)  (36,040)  (7,278,865)  80,131    10,978  Cash and cash equivalents at beginning of the period 2,444,620  2,816,158  385,812  9,751,824  2,472,959  338,794 Cash and cash equivalents at end of the period  2,472,959    2,553,090    349,772    2,472,959    2,553,090    349,772   KANZHUN LIMITEDUnaudited Reconciliation of GAAP and Non-GAAP Results(All amounts in thousands, except share and per share data)   For the three months endedDecember 31, For the year ended December 31,  2023 2024 2023 2024  RMB RMB US$ RMB RMB US$Income from operations 222,252 380,561 52,137 580,971 1,172,946 160,692Add: Share-based compensation expenses 297,406 278,198 38,114 1,056,967 1,143,685 156,683Adjusted income from operations  519,658   658,759   90,251   1,637,938   2,316,631   317,375              Net income 331,241 444,225 60,858 1,099,218 1,567,026 214,680Add: Share-based compensation expenses 297,406 278,198 38,114 1,056,967 1,143,685 156,683Adjusted net income  628,647   722,423   98,972   2,156,185   2,710,711   371,363              Net income attributable to ordinary shareholders of KANZHUN LIMITED 331,250 449,608 61,595 1,099,227 1,584,664 217,096Add: Share-based compensation expenses 297,406 278,198 38,114 1,056,967 1,143,685 156,683Adjusted net income attributable to ordinary shareholders of KANZHUN LIMITED  628,656   727,806   99,709   2,156,194   2,728,349   373,779 Weighted average number of ordinary shares used in computing adjusted net income per share (Non-GAAP)            — Basic 876,231,301 874,099,493 874,099,493 870,304,878 881,882,225 881,882,225— Diluted 903,709,325 898,715,743 898,715,743 902,735,995 909,228,757 909,228,757Adjusted net income per ordinary share attributable to ordinary shareholders            — Basic 0.72 0.83 0.11 2.48 3.09 0.42— Diluted 0.70 0.81 0.11 2.39 3.00 0.41Adjusted net income per ADS attributable to ordinary shareholders            — Basic 1.43 1.67 0.23 4.96 6.19 0.85— Diluted 1.39 1.62 0.22 4.78 6.00 0.82

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