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Significant buyback scale and a higher authorization cap reduce share count, potentially lifting EPS and supporting the stock in the near term; historical buybacks often press prices higher when aligned with earnings growth expectations.
What happened, with direct paths to the underlying reporting
KANZHUN Limited (BZ) reaffirmed its capital-return focus, reporting RMB30 million in June share repurchases and near RMB1.94 billion in total YTD activity. The board broadened authorization to US$400 million through August 2027 and pledged at least 50% of adjusted net income for dividends and buybacks for three years, signaling confidence in growth and potential EPS support.
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