SHANGHAI, Nov. 19, 2020 /PRNewswire/
-- 51job, Inc. (Nasdaq:
JOBS) ("51job" or the "Company"), a leading
provider of integrated human resource services in
China, announced today its unaudited financial results for
the third quarter of 2020 ended September 30, 2020.
Third Quarter 2020 Financial Highlights:
- Net revenues decreased 8.4% from Q3 2019 to RMB906.1 million (US$133.5
million)
- Online recruitment services revenues decreased 13.9%
- Other human resource related revenues increased 1.4%
- Income from operations was RMB175.0
million (US$25.8 million)
- Fully diluted earnings per share was RMB2.55 (US$0.37)
- Excluding share-based compensation expense, loss from foreign
currency translation, and changes in fair value of listed equity
securities and long-term investments, as well as the related tax
effect of these items, non-GAAP adjusted fully diluted earnings per
share was RMB3.57 (US$0.53)
Third Quarter 2020 Unaudited Financial Results
Net revenues for the third quarter ended September 30, 2020 were RMB906.1 million (US$133.5
million), a decrease of 8.4% from RMB989.0 million for the same quarter in
2019.
Online recruitment services revenues for the third quarter of
2020 were RMB545.5 million
(US$80.3 million), representing a
13.9% decrease from RMB633.4 million
for the same quarter in 2019. The year-over-year decline was
due to the ongoing impact of the COVID-19 pandemic and global
economic uncertainty on the business operations of companies in
China, which has negatively
affected their recruitment demand and spending on the Company's
online recruitment platforms in 2020. However, when compared to the
second quarter of 2020, third quarter online recruitment services
revenues grew 8.4% sequentially as recruitment activity improved
and the Company's contract signings with employers increased.
Other human resource related revenues for the third quarter of
2020 increased 1.4% to RMB360.6
million (US$53.1 million) from
RMB355.6 million for the same quarter
in 2019. When compared to the second quarter of 2020, other
human resource related revenues increased 10.8% sequentially due to
a strong rebound in the Company's training business. More clients
authorized or resumed in-person learning and interaction, and a
greater number of training events, including some rescheduled from
the first half of the year, were conducted in the third quarter of
2020.
Gross profit for the third quarter of 2020 was RMB584.4 million (US$86.1
million) compared with RMB682.3
million for the same quarter of the prior year. The decline
was primarily due to the lower level of revenues and the increase
in cost of services as the Company stepped up investment in new
technology and product development in the third quarter of
2020. Sequentially, when compared to the second quarter of
2020, the Company also added seasonal staff in preparation for the
upcoming campus recruitment peak period in the fall, which resulted
in higher employee compensation expenses in the third quarter.
Gross margin, which is gross profit as a percentage of net
revenues, was 64.5% in the third quarter of 2020 compared with
69.0% for the same quarter in 2019.
Operating expenses for the third quarter of 2020 decreased 3.8%
to RMB409.3 million (US$60.3 million) from RMB425.5 million for the same quarter in
2019. Sales and marketing expenses for the third quarter of
2020 decreased 3.9% to RMB313.2
million (US$46.1 million) from
RMB325.8 million for the same quarter
of the prior year primarily due to a reduction in contributions to
social welfare funds and a decrease in performance-based bonuses,
which was partially offset by greater spending on advertising and
promotion activities. General and administrative expenses for
the third quarter of 2020 decreased 3.6% to RMB96.2 million (US$14.2
million) from RMB99.7 million
for the same quarter of the prior year primarily due to a reduction
in contributions to social welfare funds and a smaller provision
for doubtful accounts.
Income from operations for the third quarter of 2020 was
RMB175.0 million (US$25.8 million) compared with RMB256.7 million for the third quarter of
2019. Operating margin, which is income from operations as a
percentage of net revenues, was 19.3% in the third quarter of 2020
compared with 26.0% for the same quarter in 2019. Excluding
share-based compensation expense, operating margin would have been
23.0% in the third quarter of 2020 compared with 29.5% for the same
quarter in 2019.
The Company recognized a loss from foreign currency
translation of RMB29.2 million
(US$4.3 million) in the third quarter
of 2020 compared with a gain of RMB31.4
million in the third quarter of 2019 primarily due to the
impact of the change in exchange rate between the Renminbi and the
U.S. dollar on the Company's U.S. dollar cash deposits.
In the third quarter of 2020, the Company recognized a
mark-to-market, non-cash loss of RMB46.5
million (US$6.9 million)
associated with a change in fair value of listed equity securities
investment in Huali University Group Limited, which is traded on
the Hong Kong Stock Exchange. The Company also recognized a
non-cash gain of RMB39.6 million
(US$5.8 million) related to a change
in fair value of long-term investment in a human resource
consulting and executive search services company in China in the third quarter of 2020.
Other income in the third quarter of 2020 included local
government financial subsidies of RMB5.6
million (US$0.8 million)
compared with RMB9.3 million in the
third quarter of 2019.
Net income attributable to 51job for the third quarter of 2020
was RMB173.3 million (US$25.5 million) compared with RMB300.2 million for the same quarter in 2019.
Fully diluted earnings per share for the third quarter of 2020 was
RMB2.55 (US$0.37) compared with RMB4.44 for the same quarter in 2019.
In the third quarter of 2020, total share-based compensation
expense was RMB33.5 million
(US$4.9 million) compared with
RMB34.8 million in the third quarter
of 2019.
Excluding share-based compensation expense, gain/loss from
foreign currency translation, and changes in fair value of listed
equity securities and long-term investments, as well as the related
tax effect of these items, non-GAAP adjusted net income
attributable to 51job for the third quarter of 2020 was
RMB243.0 million (US$35.8 million) compared with RMB303.7 million for the third quarter of
2019. Non-GAAP adjusted fully diluted earnings per share was
RMB3.57 (US$0.53) in the third quarter of 2020 compared
with RMB4.49 in the third quarter of
2019.
As of September 30, 2020, cash and
short-term investments totaled RMB10,137.6
million (US$1,493.1 million)
compared with RMB9,940.6 million as
of December 31, 2019.
Currency Convenience Translation
For the convenience of readers, certain Renminbi amounts
have been translated into U.S. dollar amounts at the rate of
RMB6.7896 to US$1.00, the noon buying rate on September 30, 2020 in New York for cable transfers of
Renminbi as set forth in the H.10 weekly statistical release
of the Federal Reserve Board.
Use of Non-GAAP Financial Measures
To supplement the consolidated financial statements presented in
accordance with United States Generally Accepted Accounting
Principles ("GAAP"), 51job uses non-GAAP financial measures of
income before income tax expense, income tax expense, adjusted net
income, adjusted net income attributable to 51job and adjusted
earnings per share, which are adjusted from results based on GAAP
to exclude share-based compensation expense, gain/loss from foreign
currency translation, and changes in fair value of listed equity
securities investment, long-term investment and convertible senior
notes, as well as the related tax effect of these items. The
Company believes excluding share-based compensation expense and its
related tax effect from its non-GAAP financial measures is useful
for its management and investors to assess and analyze the
Company's core operating results as such expense is not directly
attributable to the underlying performance of the Company's
business operations and do not impact its cash earnings. The
Company believes excluding gain/loss from foreign currency
translation, and changes in fair value of listed equity securities
investment, long-term investment and convertible senior notes, as
well as the related tax effect, from its non-GAAP financial
measures is useful for its management and investors as such
translation, mark-to-market gain or loss is not indicative of the
Company's core business operations and will not result in cash
settlement nor impact the Company's cash earnings. 51job also
believes these non-GAAP financial measures excluding share-based
compensation expense, gain/loss from foreign currency translation,
and changes in fair value of listed equity securities investment,
long-term investment and convertible senior notes, as well as the
related tax effect of these items, are important in helping
investors to understand the Company's current financial performance
and future prospects and to compare business trends among different
reporting periods on a consistent basis. The presentation of these
additional measures should not be considered a substitute for or
superior to GAAP results or as being comparable to results reported
or forecasted by other companies. The non-GAAP measures have been
reconciled to GAAP measures in the attached financial
statements.
About 51job
Founded in 1998, 51job is a leading provider of integrated human
resource services in China. With a comprehensive suite of HR
solutions, 51job meets the needs of enterprises and job seekers
through the entire talent management cycle, from initial
recruitment to employee retention and career development. The
Company's main online recruitment platforms (http://www.51job.com,
http://www.yingjiesheng.com, http://www.51jingying.com,
http://www.lagou.com, and http://www.51mdd.com), as well as mobile
applications, connect millions of people with employment
opportunities every day. 51job also provides a number of other
value-added HR services, including business process outsourcing,
training, professional assessment, campus recruitment, executive
search and compensation analysis. 51job has a call center in
Wuhan and a nationwide network of
sales and service locations spanning more than 30 cities across
China.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "targets, "confident" and similar
statements. Among other things, statements that are not historical
facts, including statements about 51job's beliefs and expectations,
as well as 51job's strategic and operational plans, are or contain
forward-looking statements. 51job may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. All forward-looking statements are based upon
management's expectations at the time of the statements and involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: execution of 51job's strategies and business plans;
growth and trends of the human resource services industry in
China; market acceptance of
51job's products and services; competition in the industry; 51job's
ability to control costs and expenses; 51job's ability to retain
key personnel and attract new talent; relevant government policies
and regulations relating to 51job's industry, corporate structure
and business operations; seasonality in the
business; fluctuations in the value of the Renminbi against
the U.S. dollar and other currencies; risks related to acquisitions
or investments 51job has made or will make in the future;
accounting adjustments that may occur during the quarterly or
annual close or auditing process; and fluctuations in general
economic and business conditions in China and globally, including the impact of
the coronavirus or other pandemic. Further information regarding
these and other risks are included in 51job's filings with the U.S.
Securities and Exchange Commission. All information provided
in this press release and in the attachments is as of the date of
the press release and based on assumptions that 51job believes
to be reasonable as of this date, and 51job undertakes no
obligation to update any forward-looking statement, except as
required under applicable law.
Contact
Investor Relations, 51job, Inc.
Tel: +86-21-6879-6250
Email: ir@51job.com
51job,
Inc.
|
Consolidated
Statements of Operations and Comprehensive Income
|
|
|
|
|
|
|
|
For the Three
Months Ended
|
|
September 30,
2019
|
|
September 30,
2020
|
|
September 30,
2020
|
(In thousands,
except share and per share data)
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
RMB
|
|
RMB
|
|
US$ (Note
1)
|
Revenues:
|
|
|
|
|
|
Online
recruitment services
|
633,393
|
|
545,501
|
|
80,344
|
Other
human resource related revenues
|
355,560
|
|
360,604
|
|
53,111
|
Net
revenues
|
988,953
|
|
906,105
|
|
133,455
|
Cost of services
(Note 2)
|
(306,690)
|
|
(321,748)
|
|
(47,388)
|
Gross
profit
|
682,263
|
|
584,357
|
|
86,067
|
Operating
expenses:
|
|
|
|
|
|
Sales
and marketing (Note 3)
|
(325,779)
|
|
(313,170)
|
|
(46,125)
|
General
and administrative (Note 4)
|
(99,738)
|
|
(96,165)
|
|
(14,164)
|
Total operating
expenses
|
(425,517)
|
|
(409,335)
|
|
(60,289)
|
Income from
operations
|
256,746
|
|
175,022
|
|
25,778
|
Gain (Loss) from
foreign currency translation
|
31,366
|
|
(29,215)
|
|
(4,303)
|
Interest and
investment income, net
|
48,390
|
|
58,284
|
|
8,584
|
Change in fair value
of listed equity securities investment
|
-
|
|
(46,533)
|
|
(6,854)
|
Change in fair value
of long-term investment
|
-
|
|
39,614
|
|
5,835
|
Other income,
net
|
12,729
|
|
6,692
|
|
986
|
Income before income
tax expense
|
349,231
|
|
203,864
|
|
30,026
|
Income tax
expense
|
(50,784)
|
|
(39,330)
|
|
(5,793)
|
Net income
|
298,447
|
|
164,534
|
|
24,233
|
Net loss attributable
to non-controlling interests
|
1,714
|
|
8,788
|
|
1,294
|
Net income
attributable to 51job, Inc.
|
300,161
|
|
173,322
|
|
25,527
|
|
|
|
|
|
|
Net income
|
298,447
|
|
164,534
|
|
24,233
|
Other comprehensive
income (loss)
|
386
|
|
(597)
|
|
(88)
|
Total comprehensive
income
|
298,833
|
|
163,937
|
|
24,145
|
Earnings per
share:
|
|
|
|
|
|
Basic
|
4.52
|
|
2.58
|
|
0.38
|
Diluted
|
4.44
|
|
2.55
|
|
0.37
|
Weighted average
number of common shares outstanding:
|
|
|
|
|
|
Basic
|
66,369,912
|
|
67,185,235
|
|
67,185,235
|
Diluted
|
67,622,677
|
|
68,089,693
|
|
68,089,693
|
|
|
|
|
|
|
Notes:
|
|
|
|
|
|
(1) The conversion of
Renminbi amounts into U.S. dollar amounts is based on the noon
buying rate of RMB6.7896
|
to US$1.00 on
September 30, 2020 in New York for cable transfers of Renminbi as
set forth in the H.10 weekly statistical
|
release of the
Federal Reserve Board.
|
(2) Includes
share-based compensation expense of RMB5,558 and RMB5,345 (US$787)
for the three months ended
|
September 30, 2019
and 2020, respectively.
|
(3) Includes
share-based compensation expense of RMB4,778 and RMB4,595 (US$677)
for the three months ended
|
September 30, 2019
and 2020, respectively.
|
(4) Includes
share-based compensation expense of RMB24,498 and RMB23,603
(US$3,476) for the three months ended
|
September 30, 2019
and 2020, respectively.
|
51job,
Inc.
|
Consolidated
Statements of Operations and Comprehensive Income
|
|
|
|
|
|
|
|
For the Nine
Months Ended
|
|
September 30,
2019
|
|
September 30,
2020
|
|
September 30,
2020
|
(In thousands,
except share and per share data)
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
RMB
|
|
RMB
|
|
US$ (Note
1)
|
Revenues:
|
|
|
|
|
|
Online
recruitment services
|
1,857,794
|
|
1,595,772
|
|
235,032
|
Other
human resource related revenues
|
1,006,612
|
|
930,072
|
|
136,985
|
Net
revenues
|
2,864,406
|
|
2,525,844
|
|
372,017
|
Cost of services
(Note 2)
|
(843,787)
|
|
(847,227)
|
|
(124,783)
|
Gross
profit
|
2,020,619
|
|
1,678,617
|
|
247,234
|
Operating
expenses:
|
|
|
|
|
|
Sales
and marketing (Note 3)
|
(928,194)
|
|
(882,094)
|
|
(129,918)
|
General
and administrative (Note 4)
|
(281,937)
|
|
(285,999)
|
|
(42,123)
|
Total operating
expenses
|
(1,210,131)
|
|
(1,168,093)
|
|
(172,041)
|
Income from
operations
|
810,488
|
|
510,524
|
|
75,193
|
Gain (Loss) from
foreign currency translation
|
73,717
|
|
(19,591)
|
|
(2,885)
|
Interest and
investment income, net
|
126,370
|
|
169,018
|
|
24,894
|
Change in fair value
of listed equity securities investment
|
-
|
|
20,164
|
|
2,969
|
Change in fair value
of long-term investment
|
-
|
|
39,614
|
|
5,835
|
Change in fair value
of convertible senior notes (Note 5)
|
(752,073)
|
|
-
|
|
-
|
Other income,
net
|
198,116
|
|
155,617
|
|
22,920
|
Income before income
tax expense
|
456,618
|
|
875,346
|
|
128,926
|
Income tax
expense
|
(178,260)
|
|
(135,722)
|
|
(19,990)
|
Net income
|
278,358
|
|
739,624
|
|
108,936
|
Net loss attributable
to non-controlling interests
|
4,411
|
|
15,604
|
|
2,298
|
Net income
attributable to 51job, Inc.
|
282,769
|
|
755,228
|
|
111,234
|
|
|
|
|
|
|
Net income
|
278,358
|
|
739,624
|
|
108,936
|
Other comprehensive
income (loss)
|
446
|
|
(294)
|
|
(43)
|
Total comprehensive
income
|
278,804
|
|
739,330
|
|
108,893
|
Earnings per
share:
|
|
|
|
|
|
Basic
|
4.38
|
|
11.27
|
|
1.66
|
Diluted
|
4.27
|
|
11.11
|
|
1.64
|
Weighted average
number of common shares outstanding:
|
|
|
|
|
|
Basic
|
64,561,839
|
|
67,000,172
|
|
67,000,172
|
Diluted
|
66,245,961
|
|
67,992,639
|
|
67,992,639
|
|
|
|
|
|
|
Notes:
|
|
|
|
|
|
(1) The conversion of
Renminbi amounts into U.S. dollar amounts is based on the noon
buying rate of RMB6.7896
|
to US$1.00 on
September 30, 2020 in New York for cable transfers of Renminbi as
set forth in the H.10 weekly statistical
|
statistical release
of the Federal Reserve Board.
|
(2) Includes
share-based compensation expense of RMB14,678 and RMB17,341
(US$2,554) for the nine months ended
|
September 30, 2019
and 2020, respectively.
|
(3) Includes
share-based compensation expense of RMB12,618 and RMB14,907
(U$2,196) for the nine months ended
|
September 30, 2019
and 2020, respectively.
|
(4) Includes
share-based compensation expense of RMB64,800 and RMB76,549
(US$11,274) for the nine months ended
|
September 30, 2019
and 2020, respectively.
|
(5) On April 15,
2019, the convertible senior notes matured, and the note holders
requested the conversion of the senior
|
notes into 4,035,664
shares.
|
51job,
Inc.
|
Reconciliation of
GAAP and Non-GAAP Results
|
|
|
|
|
|
|
|
For the Three
Months Ended
|
|
September 30,
2019
|
|
September 30,
2020
|
|
September 30,
2020
|
(In thousands,
except share and per share data)
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
RMB
|
|
RMB
|
|
US$ (Note
1)
|
GAAP income before
income tax expense
|
349,231
|
|
203,864
|
|
30,026
|
Add: Share-based
compensation
|
34,834
|
|
33,543
|
|
4,940
|
Add (Less): (Gain)
Loss from foreign currency translation
|
(31,366)
|
|
29,215
|
|
4,303
|
Add: Change in fair
value of listed equity securities investment
|
-
|
|
46,533
|
|
6,854
|
Less: Change in fair
value of long-term investment
|
-
|
|
(39,614)
|
|
(5,835)
|
Non-GAAP income
before income tax expense
|
352,699
|
|
273,541
|
|
40,288
|
GAAP income tax
expense
|
(50,784)
|
|
(39,330)
|
|
(5,793)
|
Tax effect of
non-GAAP line items
|
76
|
|
(32)
|
|
(5)
|
Non-GAAP income tax
expense
|
(50,708)
|
|
(39,362)
|
|
(5,798)
|
Non-GAAP adjusted net
income
|
301,991
|
|
234,179
|
|
34,490
|
Non-GAAP adjusted net
income attributable to 51job, Inc.
|
303,705
|
|
242,967
|
|
35,784
|
Non-GAAP adjusted
earnings per share:
|
|
|
|
|
|
Basic
|
4.58
|
|
3.62
|
|
0.53
|
Diluted
|
4.49
|
|
3.57
|
|
0.53
|
Weighted average
number of common shares outstanding:
|
|
|
|
|
|
Basic
|
66,369,912
|
|
67,185,235
|
|
67,185,235
|
Diluted
|
67,622,677
|
|
68,089,693
|
|
68,089,693
|
|
|
|
|
|
|
|
For the Nine
Months Ended
|
|
September 30,
2019
|
|
September 30,
2020
|
|
September 30,
2020
|
(In thousands,
except share and per share data)
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
RMB
|
|
RMB
|
|
US$ (Note
1)
|
GAAP income before
income tax expense
|
456,618
|
|
875,346
|
|
128,926
|
Add: Share-based
compensation
|
92,096
|
|
108,797
|
|
16,024
|
Add (Less): (Gain)
Loss from foreign currency translation
|
(73,717)
|
|
19,591
|
|
2,885
|
Less: Change in fair
value of listed equity securities investment
|
-
|
|
(20,164)
|
|
(2,969)
|
Less: Change in fair
value of long-term investment
|
-
|
|
(39,614)
|
|
(5,835)
|
Add: Change in fair
value of convertible senior notes (Note 2)
|
752,073
|
|
-
|
|
-
|
Non-GAAP income
before income tax expense
|
1,227,070
|
|
943,956
|
|
139,031
|
GAAP income tax
expense
|
(178,260)
|
|
(135,722)
|
|
(19,990)
|
Tax effect of
non-GAAP line items
|
20
|
|
(71)
|
|
(10)
|
Non-GAAP income tax
expense
|
(178,240)
|
|
(135,793)
|
|
(20,000)
|
Non-GAAP adjusted net
income
|
1,048,830
|
|
808,163
|
|
119,031
|
Non-GAAP adjusted net
income attributable to 51job, Inc.
|
1,053,241
|
|
823,767
|
|
121,329
|
Non-GAAP adjusted
earnings per share:
|
|
|
|
|
|
Basic
|
16.31
|
|
12.29
|
|
1.81
|
Diluted
|
15.90
|
|
12.12
|
|
1.78
|
Weighted average
number of common shares outstanding:
|
|
|
|
|
|
Basic
|
64,561,839
|
|
67,000,172
|
|
67,000,172
|
Diluted
|
66,245,961
|
|
67,992,639
|
|
67,992,639
|
|
|
|
|
|
|
Notes:
|
|
|
|
|
|
(1) The conversion of
Renminbi amounts into U.S. dollar amounts is based on the noon
buying rate of RMB6.7896
|
to US$1.00 on
September 30, 2020 in New York for cable transfers of Renminbi as
set forth in the H.10 weekly statistical
|
release of the
Federal Reserve Board.
|
(2) On April 15,
2019, the convertible senior notes matured, and the note holders
requested the conversion of the senior
|
notes into 4,035,664
shares.
|
51job,
Inc.
|
Consolidated
Balance Sheets
|
|
|
|
|
|
|
|
|
|
As
of
|
|
|
December 31,
2019
|
|
September 30,
2020
|
|
September 30,
2020
|
(In thousands,
except share and per share data)
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
|
RMB
|
|
RMB
|
|
US$ (Note
1)
|
ASSETS
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
Cash
|
2,294,904
|
|
1,962,219
|
|
289,004
|
|
Restricted
cash
|
66,169
|
|
24,732
|
|
3,643
|
|
Short-term
investments
|
7,645,686
|
|
8,175,367
|
|
1,204,101
|
|
Accounts receivable
(net of allowance of RMB21,952 and
|
|
|
|
|
|
|
RMB18,956 as
of December 31, 2019 and September 30, 2020,
|
|
|
|
|
|
|
respectively)
|
266,437
|
|
250,702
|
|
36,924
|
|
Prepayments and other
current assets
|
669,208
|
|
578,798
|
|
85,248
|
Total current
assets
|
10,942,404
|
|
10,991,818
|
|
1,618,920
|
Non-current
assets:
|
|
|
|
|
|
|
Long-term
investments
|
1,482,544
|
|
1,541,153
|
|
226,987
|
|
Time
deposits
|
—
|
|
712,570
|
|
104,950
|
|
Property and
equipment, net
|
271,932
|
|
268,103
|
|
39,487
|
|
Goodwill
|
1,036,124
|
|
1,036,124
|
|
152,605
|
|
Intangible assets,
net
|
203,162
|
|
173,206
|
|
25,510
|
|
Right-of-use
assets
|
320,809
|
|
310,284
|
|
45,700
|
|
Other long-term
assets
|
10,420
|
|
13,819
|
|
2,035
|
|
Deferred tax
assets
|
22,147
|
|
33,312
|
|
4,906
|
Total non-current
assets
|
3,347,138
|
|
4,088,571
|
|
602,180
|
Total
assets
|
14,289,542
|
|
15,080,389
|
|
2,221,100
|
|
|
|
|
|
|
|
LIABILITIES,
MEZZANINE EQUITY AND EQUITY
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
Accounts
payable
|
48,114
|
|
66,038
|
|
9,726
|
|
Salary and employee
related accrual
|
162,775
|
|
215,186
|
|
31,693
|
|
Taxes
payable
|
267,596
|
|
166,164
|
|
24,473
|
|
Advance from
customers
|
1,108,518
|
|
1,081,332
|
|
159,263
|
|
Lease liabilities,
current
|
34,817
|
|
36,046
|
|
5,309
|
|
Other payables and
accruals
|
1,211,642
|
|
1,050,562
|
|
154,731
|
Total current
liabilities
|
2,833,462
|
|
2,615,328
|
|
385,195
|
Non-current
liabilities:
|
|
|
|
|
|
|
Lease liabilities,
non-current
|
50,763
|
|
45,168
|
|
6,653
|
|
Deferred tax
liabilities
|
214,307
|
|
222,546
|
|
32,777
|
Total non-current
liabilities
|
265,070
|
|
267,714
|
|
39,430
|
Total
liabilities
|
3,098,532
|
|
2,883,042
|
|
424,625
|
|
|
|
|
|
|
|
Mezzanine
equity:
|
|
|
|
|
|
|
Redeemable
non-controlling interests
|
216,974
|
|
200,565
|
|
29,540
|
|
|
|
|
|
|
|
Shareholders'
equity:
|
|
|
|
|
|
|
Common shares
(US$0.0001 par value: 500,000,000 shares
|
|
|
|
|
|
|
authorized,
66,784,688 and 67,400,537 shares issued and
|
|
|
|
|
|
|
outstanding as
of December 31, 2019 and September 30, 2020,
|
|
|
|
|
|
|
respectively)
|
53
|
|
54
|
|
8
|
|
Additional paid-in
capital
|
4,901,466
|
|
5,169,509
|
|
761,386
|
|
Statutory
reserves
|
17,930
|
|
17,930
|
|
2,641
|
|
Accumulated other
comprehensive income
|
254,524
|
|
254,230
|
|
37,444
|
|
Retained
earnings
|
5,774,358
|
|
6,529,586
|
|
961,704
|
Total 51job, Inc.
shareholders' equity
|
10,948,331
|
|
11,971,309
|
|
1,763,183
|
Non-controlling
interests
|
25,705
|
|
25,473
|
|
3,752
|
Total
equity
|
10,974,036
|
|
11,996,782
|
|
1,766,935
|
Total liabilities,
mezzanine equity and equity
|
14,289,542
|
|
15,080,389
|
|
2,221,100
|
|
|
|
|
|
|
|
Note (1): The
conversion of Renminbi amounts into U.S. dollar amounts is based on
the noon buying rate of RMB6.7896 to US$1.00
|
on September 30, 2020
in New York for cable transfers of Renminbi as set forth in the
H.10 weekly statistical release of the Federal
|
Reserve
Board.
|
View original
content:http://www.prnewswire.com/news-releases/51job-inc-reports-third-quarter-2020-financial-results-301176816.html
SOURCE 51job, Inc.