KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076) filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the SEC on April 29, 2026 (U.S. Eastern Time).
The annual report, including audited consolidated financial statements, is available on the company's investor relations website and the HKEX website; shareholders can request a free hard copy from Investor Relations at ir@kanzhun.com.
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News Market Reaction – BZ
-1.17%
-1.17%Session close to close
In the Apr 29 session, BZ declined 1.17%, reflecting a mild negative market reaction.
This announcement focuses on Kanzhun’s filing of its Form 20-F for the year ended December 31, 2025 ...
Analysis
This announcement focuses on Kanzhun’s filing of its Form 20-F for the year ended December 31, 2025 and parallel Hong Kong reporting. It follows a series of updates on substantial 2026 buybacks totaling nearly RMB1.07 billion. The 20-F emphasizes the Cayman holding-company and VIE structure, PRC data-security and listing oversight, HFCAA-related audit access, and restrictions on cash movements. Investors may track future filings and policy changes affecting VIE enforceability and cross-border data flows.
Key Figures
Fiscal year end:December 31, 2025Form 20-F filing date:April 29, 2026HKEX stock code:2076+5 more
8 metrics
Fiscal year endDecember 31, 2025Period covered by Form 20-F annual report
Form 20-F filing dateApril 29, 2026Date annual report was filed with SEC
HKEX stock code2076KANZHUN LIMITED listing identifier on HKEX
Current price$13.71Price before this news was published
1-day move0.51%Price change over prior 24 hours
52-week range$12.85–$25.26Low and high over the last 52 weeks
Market cap$6,242,959,159Equity value prior to the filing news
20-day average volume3,715,323 sharesBaseline for comparing current trading activity
Reported >RMB17.0M buyback, with over RMB913M deployed YTD in 2026.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent buyback updates, generally positive for shareholders, have seen mixed reactions, with more instances of negative price moves despite supportive capital-return messaging.
Recent Company History
This announcement reports the filing of Kanzhun’s Form 20-F for the year ended December 31, 2025, following a series of recent buyback updates. Over the last weeks, BOSS Zhipin disclosed sustained repurchases totaling nearly RMB1.07 billion in 2026, with daily buys around RMB27 million and several hundred thousand shares per trading day. Price reactions to these buyback headlines have alternated between modest gains and declines, indicating that positive capital-return news has not produced consistently positive short-term moves as this regulatory update arrives.
Key Terms
form 20-f, securities and exchange commission, hkex, rules governing the listing of securities on the stock exchange of hong kong limited, +4 more
8 terms
form 20-fregulatory
"announced that it filed its annual report on Form 20-F for the fiscal year"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
securities and exchange commissionregulatory
"with the Securities and Exchange Commission on April 29, 2026"
A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.
hkexregulatory
"The Company has also published its annual report for Hong Kong purposes pursuant to the Rules ... on The Stock Exchange of Hong Kong Limited (“HKEX”)"
HKEX is the operator of Hong Kong’s main financial marketplaces, running the stock exchange, derivatives trading and the clearing systems that settle trades. Think of it as the marketplace and referee that decides which companies can list, how trades are processed, and the rules that keep trading orderly; its policies and listings shape investor access, liquidity and price discovery for many Asian and international investments.
rules governing the listing of securities on the stock exchange of hong kong limitedregulatory
"pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited"
A formal rulebook that sets the eligibility, disclosure, governance and ongoing reporting requirements for companies that want their stocks or bonds traded on the Hong Kong Stock Exchange. It tells issuers what documents, financial standards and corporate controls they must have and what information they must share with the market. For investors, these rules act like a building code or recipe—creating consistent standards and transparency that help evaluate risk, compare issuers and trust that the market operates fairly.
holding-companyregulatory
"detailing its Cayman holding-company structure and reliance on a PRC variable interest entity"
A holding company is a business that owns enough shares in other companies to control or influence their operations, without necessarily making products or providing services itself. For investors it matters because a holding company’s value depends on the performance and risk of its owned businesses—like a parent holding a portfolio of children—so it can offer built‑in diversification, influence over assets, and exposure to multiple revenue streams and risks through a single investment.
variable interest entityregulatory
"reliance on a PRC variable interest entity to operate its online recruitment platform"
A variable interest entity (VIE) is a company structure where one party controls another company’s operations and economic outcomes through contracts or special arrangements instead of owning a majority of its voting shares. For investors, VIEs matter because the controlling party’s financial results, debts and risks can appear in the controller’s reports even though ownership looks separate, so understanding VIEs helps assess true exposure, governance limits and transparency—like spotting a puppet controlled by strings rather than direct ownership.
vieregulatory
"data-security, and VIE-enforceability risks, HFCAA-related audit access"
To vie means to compete with others for a limited prize, such as contracts, customers, market share or an acquisition target. Investors pay attention because competition can change a company’s costs, pricing power and growth prospects—like bidders pushing prices higher at an auction, firms that actively vie can drive up spending or valuations and signal how likely they are to gain or lose market advantage.
hfcaaregulatory
"VIE-enforceability risks, HFCAA-related audit access, and restrictions on cash movements"
The HFCAA is a U.S. law that requires companies listed on U.S. stock exchanges to allow their auditors to be inspected by U.S. regulators; if a company’s auditors can’t be reviewed for several years, the company risks being removed from U.S. markets. For investors, it matters because the law increases transparency and audit oversight—think of it as a safety inspection for a car—while also creating a clear regulatory trigger that can affect a stock’s availability and price if compliance can’t be shown.
BEIJING, April 29, 2026 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission on April 29, 2026, U.S. Eastern Time. The annual report can be accessed on the Company’s investor relations website at https://ir.zhipin.com.
The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to the Investor Relations Department of KANZHUN LIMITED via email at ir@kanzhun.com.
The Company has also published its annual report for Hong Kong purposes pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“HKEX”), which can be accessed on the Company’s investor relations website at https://ir.zhipin.com as well as the HKEX’s website at http://www.hkexnews.hk.
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.
KANZHUN filed its annual report on Form 20-F for the fiscal year ended December 31, 2025. According to the company, the filing includes audited consolidated financial statements and was submitted to the SEC on April 29, 2026, U.S. Eastern Time.
Where can investors access KANZHUN's 2025 Form 20-F (BZ)?
Investors can access the 2025 Form 20-F on the company's investor relations website. According to the company, the annual report is available at https://ir.zhipin.com and also on the HKEX website at http://www.hkexnews.hk.
How can KANZHUN (BZ) shareholders request a hard copy of the annual report?
Shareholders can request a free hard copy of the annual report from Investor Relations. According to the company, requests should be emailed to the Investor Relations Department at ir@kanzhun.com.
Does KANZHUN publish a Hong Kong version of its 2025 annual report (BZ)?
Yes. According to the company, the annual report has been published for Hong Kong purposes under HKEX rules. The report is accessible on the company's investor relations site and on the HKEX news website.
Which fiscal year does KANZHUN's filed Form 20-F cover (BZ)?
The filed Form 20-F covers the fiscal year ended December 31, 2025. According to the company, the filing contains audited consolidated financial statements for that fiscal year.
