BOSS Zhipin-W (02076) opened sharply lower today and continued to weaken, touching a low of HK$48.6 in late trading, approaching its year-to-date low of HK$48.36 set on June 26.

As of press time, the stock is down 24.38% at HK$48.74, with turnover of HK$24.34 million.

On the news front, CICC released a research report stating that it expects the company's third-quarter revenue to grow 11.4% year-on-year to RMB2.41 billion, close to the lower end of the company's previous guidance; Non-GAAP operating profit is expected to grow 15.2% year-on-year to RMB1.04 billion.

The firm noted that short-term recruitment demand is weakening, and lowered its 2026 and 2027 revenue forecasts by 2% and 4% to RMB9.06 billion and RMB9.86 billion, respectively, while cutting its Non-GAAP net profit forecasts by 5% and 4% to RMB3.77 billion and RMB4.15 billion.