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51job, Inc. (Nasdaq: JOBS), a major player in integrated human resource services in China, will disclose its unaudited financial results for the fourth quarter and fiscal year of 2020 on March 18, 2021, after market close. Founded in 1998, 51job offers a comprehensive range of HR solutions, catering to both enterprises and job seekers throughout the talent management cycle. The company operates several online recruitment platforms and provides value-added HR services such as business process outsourcing and executive search.
51job, Inc. (Nasdaq: JOBS) held its annual general meeting of shareholders in Shanghai on December 23, 2020. Key outcomes included the election of five new board members: Junichi Arai, David K. Chao, Li-Lan Cheng, Eric He, and Rick Yan. Additionally, shareholders ratified the appointment of PricewaterhouseCoopers Zhong Tian LLP as independent auditors for the fiscal year ending December 31, 2020. Founded in 1998, 51job is a premier provider of integrated human resource services in China, offering comprehensive HR solutions.
51job, Inc. (NASDAQ: JOBS) reported its Q3 2020 financial results with a net revenue of RMB906.1 million (US$133.5 million), an 8.4% decline from Q3 2019. Online recruitment revenue fell 13.9%, impacted by COVID-19, although it showed a sequential increase of 8.4% from Q2 2020. Other HR-related revenues improved by 1.4%. Net income attributable to 51job was RMB173.3 million (US$25.5 million), down from RMB300.2 million a year prior. Fully diluted EPS was RMB2.55 (US$0.37), compared to RMB4.44 in Q3 2019.
51job, Inc. (Nasdaq: JOBS) will announce its third quarter 2020 financial results on November 19, 2020, after market closure. The company is a leading provider of integrated human resource services in China, established in 1998, catering to both enterprises and job seekers through various offerings including recruitment, training, and executive search.
51job, Inc. (Nasdaq: JOBS) announced that its Board's Special Committee has engaged Duff & Phelps, LLC as an independent financial advisor and Davis Polk & Wardwell LLP as legal counsel. This step aims to evaluate a preliminary acquisition proposal received on September 17, 2020, along with other strategic alternatives. The Board has cautioned stakeholders that no decisions regarding the proposal or other options have been made, and there is no assurance of any definitive agreements or transactions.
On September 21, 2020, 51job (Nasdaq: JOBS) announced the formation of a special committee to evaluate a non-binding acquisition proposal received on September 17, 2020. The committee will consist of two independent directors and plans to hire advisors for the evaluation process. The Board cautions shareholders that no decisions have been made regarding the proposal, indicating uncertainty about whether a definitive offer or agreement will be executed. 51job remains committed to updating stakeholders as required by law.
On September 17, 2020, 51job (Nasdaq: JOBS) announced it received a preliminary non-binding acquisition proposal from DCP Capital Partners, L.P. The offer is to buy all outstanding shares for US$79.05 per share, representing a premium of 18.82% over the company's average price in the last 30 days. The Board of Directors will evaluate the proposal but has not yet made any decisions. There is no guarantee that a definitive agreement will be reached or that the transaction will occur.
51job, Inc. (Nasdaq: JOBS) reported a 14% decline in Q2 2020 revenues, totaling RMB828.6 million (US$117.3 million). Online recruitment services revenue fell 17.6% to RMB503.3 million (US$71.2 million), largely due to COVID-19's impact. Despite challenges, net income surged to RMB376.7 million (US$53.3 million) compared to RMB67.4 million in Q2 2019. Fully diluted EPS was RMB5.55 (US$0.79). The company anticipates Q3 2020 revenue between RMB820 million and RMB870 million (US$116.1 million to US$123.1 million) and a non-GAAP EPS of RMB2.70 to RMB3.20 (US$0.38 to US$0.45).
51job, Inc. (Nasdaq: JOBS) announced it will release its second quarter 2020 financial results on August 10, 2020, after market close. A conference call is scheduled for 9:00 p.m. ET the same day, where management will discuss the company's financial performance and outlook. Investors can participate by dialing the provided numbers or via the company's investor relations website. Founded in 1998, 51job is a leading human resource service provider in China, offering services across the entire talent management cycle.