BEIJING: Zhaopin Limited, a China-based career portal, said revenue rose 19.1% to CNY 349.5 million (USD 55.0 million) in its fiscal first quarter ended 30 September 2015. Gross margin was 93.5% compared with 92.8% in the year-ago quarter.
Online recruitment services revenue was CNY 312.7 million (USD 49.2 million).
“Our businesses’ key growth drivers remain customer acquisition and investment in R&D to generate new products and services across PC and mobile platforms”, CEO and Director Evan Guo said. “We are increasing both the speed and the rate of our re-investment in sales, marketing, and R&D to expand market penetration among SMEs and lower-tier cities, enhance the user experience for job seekers at different stages of their career lifecycle and offer new tools to employers to create efficiencies in the recruitment process and increase success rates”.
Revenue from other services including campus recruitment services, assessment services and other human resource related revenues decreased 9.7% from CNY 40.7 million (USD 6.3 million) during the first fiscal quarter of last year.
Based on current market conditions and Zhaopin’s current operations, total estimated revenues for the second quarter fiscal year 2016 are expected to be in the range of CNY 390 million (USD 61.4 million) to CNY 400 million (USD 62.9 million), representing a 14% to 17% increase from the same period last year. This represents management’s current, preliminary view, subject to change.
