$Kanzhun(BZ.US) first take: The second quarter performance was in line with the guidance at the end of July. Affected by the environment, even the small and beautiful companies that relied on alpha logic in the past two years couldn't hold up. In the second quarter, the number of job seekers continued to hit a record high, while the net increase in paying corporate clients slowed down quarter-on-quarter. From the BOSS platform alone, the ratio of paying corporate accounts to job seeker accounts widened rapidly in the second quarter, reflecting the increasingly unbalanced labor supply-demand relationship.

However, compared with market expectations, the Bloomberg consensus failed to fully reflect the impact of the company's previous guidance adjustment. Overall, the actual expectation gap was not significant, including the company's management's revenue guidance for the third quarter, but undoubtedly, all pointed to the drag of macro pressure on performance growth in the second half of the year, as well as the company's operational outlook of trying to ensure profit scale by controlling expenses.