Kanzhun's Gaap Gap: A Cautionary Tale of Profit Growth and Accounting Tricks Kanzhun Limited's second quarter earnings report was a mixed bag. Revenue increased 14. 1% year over year to RMB2.
40 billion, while GAAP net income jumped 173. 1%. However, this impressive growth was largely driven by an investment gain rather than the online recruitment operations.
The gap between reported and recurring profit growth is striking: adjusted net income rose only 9. 4% compared to the previous year.