ZKH Group Ltd

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

ZKH Group Ltd reports robust Q3 performance and eyes global expansion

ZKH Group Ltd's Q3 2024 performance reflects strong growth, improved margins, and effective cost management, positioning the company for future success.
With strategic plans for overseas expansion and a focus on innovation, ZKH Group Ltd is poised to capitalize on global market opportunities and drive revenue growth.
While challenges exist in executing international expansion, the company's strengths in customer focus, product quality, and operational efficiency offer a solid foundation for overcoming obstacles and achieving long-term success.

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ZKH Group Ltd. engages in the business-to-business trading and services of industrial products through its platform. It provides maintenance, repair, and operations (MRO) procurement and management services for customers and offers digital solutions for participants along the industry value chain. The company was founded by Long Chen in 2014 and is headquartered in Shanghai, China.

SHANGHAI , Nov. 22, 2024 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced that it has entered into a comprehensive strategic partnership agreement (the "Agreement") with Zhejiang Tmall Technology Co., Ltd. ("Tmall") with respect to the cooperation between the Company's GBB Platform and Tmall's industrial product platform.

ZKH Group Limited Enters Strategically Comprehensive Cooperation Agreement with Tmall

SHANGHAI , Nov. 22, 2024 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Operational and Financial Highlights  in thousand RMB, except for number of customers, percentage and basis points ("bps") Third Quarter 2023 2024 Change GMV[1] 2,894,140 2,685,996 -7.2 % GMV by Platform     ZKH Platform 2,619,417 2,422,649 -7.5 %     GBB Platform 274,723 263,347 -4.1 % GMV by Business Model     Product Sales (1P) 2,180,729 2,228,234 2.2 %     Marketplace (3P)[2] 713,411 457,762 -35.8 % Number of Customers[3] 40,963 47,876 16.9 %     ZKH Platform 30,096 36,132 20.1 %     GBB Platform 10,867 11,744 8.1 % Net Revenues 2,265,001 2,280,690 0.7 % Gross Profit 369,414 388,406 5.1 %     % of Net Revenues 16.3 % 17.0 % 72.1bps Operating Loss (121,434) (105,355) -13.2 %     % of Net Revenues -5.4 % -4.6 % 74.2bps Non-GAAP EBITDA[4] (76,092) (62,812) -17.5 %     % of Net Revenues -3.4 % -2.8 % 60.5bps Net Loss (97,686) (81,751) -16.3 %     % of Net Revenues -4.3 % -3.6 % 72.8bps Non-GAAP Adjusted Net Loss[5] (98,674) (66,178) -32.9 %     % of Net Revenues -4.4 % -2.9 % 145.5bps Mr.

ZKH Group Limited Announces Third Quarter 2024 Unaudited Financial Results

SHANGHAI , Nov. 8, 2024 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced that it will release its unaudited financial results for the third quarter of 2024, on Friday, November 22, 2024, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Friday, November 22, 2024 at 7:00 A.M.

ZKH Group Limited to Announce Third Quarter 2024 Financial Results on Friday, November 22, 2024

ZKH Group (NYSE: ZKH ) just reported results for the second quarter of 2024. ZKH Group reported earnings per share of -3 cents.

ZKH Stock Earnings: ZKH Group Misses Revenue for Q2 2024

SHANGHAI , Aug. 22, 2024 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Operational and Financial Highlights in thousand RMB, except for number of customers, percentage and basis points ("bps") Second Quarter 2023 2024 Change GMV[1] 2,608,851 2,754,591 5.6 % GMV by Platform     ZKH Platform 2,375,584 2,479,915 4.4 %     GBB Platform 233,267 274,676 17.8 % GMV by Business Model     Product Sales (1P) 1,995,108 2,185,351 9.5 %     Marketplace (3P) 613,743 569,240 -7.3 % Number of Customers[2] 38,980 48,766 25.1 %     ZKH Platform 28,909 34,360 18.9 %     GBB Platform 10,071 14,406 43.0 % Net Revenues[3] 2,073,453 2,249,996 8.5 % Gross Profit 335,071 382,991 14.3 %     % of Net Revenues 16.2 % 17.0 % 86.2bps Operating Loss (123,093) (71,213) -42.1 %     % of Net Revenues -5.9 % -3.2 % 277.2bps Non-GAAP EBITDA[4] (107,851) (47,068) -56.4 %     % of Net Revenues -5.2 % -2.1 % 311.0bps Net Loss (129,580) (66,289) -48.8 %     % of Net Revenues -6.2 % -2.9 % 330.3bps Non-GAAP Adjusted Net Loss[5] (129,498) (34,857) -73.1 %     % of Net Revenues -6.2 % -1.5 % 469.6bps Mr.

ZKH Group Limited Announces Second Quarter 2024 Unaudited Financial Results

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SHANGHAI , Aug. 8, 2024 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced that it will release its unaudited financial results for the second quarter of 2024, on Thursday, August 22, 2024, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Thursday, August 22, 2024 at 8:00 A.M.

ZKH Group Limited to Announce Second Quarter 2024 Financial Results on Thursday, August 22, 2024

SHANGHAI , June 13, 2024 /PRNewswire/ -- ZKH Group Limited (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$50 million of its American Depositary Shares over the next 12 months, ending on June 13, 2025. The share repurchases may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and will be implemented in accordance with applicable rules and regulations.

ZKH Group Limited Announces US$50 Million Share Repurchase Program

SHANGHAI, May 21, 2024 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Operational and Financial Highlights  in thousand RMB, except for number of customers, percentage and basis points ("bps") First Quarter 2023 2024 Change GMV[1] 2,372,911 2,348,640 -1.0 % GMV by Platform     ZKH Platform 2,208,760 2,137,614 -3.2 %     GBB Platform 164,151 211,026 28.6 % GMV by Business Model     Product Sales (1P) 1,839,184 1,775,732 -3.5 %     Marketplace (3P) 533,727 572,908 7.3 % Number of Customers 35,760 46,135 29.0 %     ZKH Platform 26,973 31,706 17.5 %     GBB Platform 8,787 14,429 64.2 % Net Revenues[2] 1,938,760 1,860,409 -4.0 % Gross Profit 330,798 334,076 1.0 %     % of Net Revenues 17.1 % 18.0 % 89.5bps Operating Loss (147,418) (129,614) -12.1 %     % of Net Revenues -7.6 % -7.0 % 63.7bps Non-GAAP EBITDA[3] (71,225) (70,048) -1.7 %     % of Net Revenues -3.7 % -3.8 % -9.1bps Net Loss (97,863) (90,901) -7.1 %     % of Net Revenues -5.0 % -4.9 % 16.2bps Non-GAAP Adjusted Net Loss[4] (86,873) (43,459) -50.0 %     % of Net Revenues -4.5 % -2.3 % 214.5bps Mr.

ZKH Group Limited Announces First Quarter 2024 Unaudited Financial Results

SHANGHAI , May 7, 2024 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced that it will release its unaudited financial results for the first quarter of 2024, on Tuesday, May 21, 2024, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Tuesday, May 21, 2024 at 8:00 A.M.

ZKH Group Limited to Announce First Quarter 2024 Financial Results on Tuesday, May 21, 2024

SHANGHAI , April 19, 2024 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission ("SEC") on April 19, 2024. The annual report in electronic format is accessible on the Company's investor relations website at https://ir.zkh.com as well as on the SEC's website at www.sec.gov.

ZKH Group Limited Files Its 2023 Annual Report on Form 20-F

SHANGHAI , March 19, 2024 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter and Fiscal Year 2023 Operational and Financial Highlights in thousand RMB, except for days, percentage and basis points ("bps") Fourth Quarter Fiscal Year 2022 2023 Change 2022 2023 Change GMV[1] 2,669,138 3,207,139 20.2 % 9,372,961 11,083,035 18.2 % GMV by Platform ZKH Platform 2,457,580 2,907,077 18.3 % 8,563,478 10,112,872 18.1 % GBB Platform 211,558 300,062 41.8 % 809,483 970,163 19.8 % GMV by Business Model Product Sales (1P) 2,173,506 2,321,861 6.8 % 7,928,804 8,336,846 5.1 % Marketplace (3P) 495,632 885,279 78.6 % 1,444,159 2,746,189 90.2 % Number of Customers 36,401 42,220 16.0 % 58,004 66,562 14.8 % ZKH Platform 26,319 31,174 18.4 % 40,495 48,211 19.1 % GBB Platform 10,082 11,046 9.6 % 17,509 18,351 4.8 % Net Revenue[2] 2,259,750 2,443,961 8.2 % 8,315,236 8,721,175 4.9 % Gross Profit 376,265 417,151 10.9 % 1,317,670 1,452,434 10.2 % % of Net Revenue 16.7 % 17.1 % 41.8bps 15.8 % 16.7 % 80.8bps Operating Loss (89,078) (6,779) -92.4 % (685,706) (398,724) -41.9 % % of Net Revenue -3.9 % -0.3 % 366.5bps -8.2 % -4.6 % 367.4bps Non-GAAP EBITDA[3] (56,741) 43,272 -176.3 % (561,337) (211,896) -62.3 % % of Net Revenue -2.5 % 1.8 % 428.2bps -6.8 % -2.4 % 432.1bps Net (Loss)/Profit (83,531) 20,229 -124.2 % (731,121) (304,900) -58.3 % % of Net Revenue -3.7 % 0.8 % 452.4bps -8.8 % -3.5 % 529.6bps Non-GAAP Adjusted Net (Loss)/Profit[4] (82,224) 27,538 -133.5 % (626,141) (287,507) -54.1 % % of Net Revenue -3.6 % 1.1 % 476.5bps -7.5 % -3.3 % 423.3bps Mr.

ZKH Group Limited Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

SHANGHAI , March 5, 2024 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023, on Tuesday, March 19, 2024, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Tuesday, March 19, 2024 at 8:00 A.M.

ZKH Group Limited to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on Tuesday, March 19, 2024

SHANGHAI, Jan. 16, 2024 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced that the underwriters of the Company's initial public offering (the "IPO") have partially exercised their option (the "Over-Allotment Option") to purchase an additional 455,000 American depositary shares ("ADSs") of the Company at the initial public offering (the "IPO") price of US$15.50 per ADS on January 12, 2024. Each ADS represents thirty-five (35) Class A ordinary shares of the Company.

ZKH Group Limited Announces Partial Exercise of Over-Allotment Option in Initial Public Offering

ZKH Group raised $62 million in one of the biggest IPOs by a Chinese company in New York this year, though its shares priced weakly and ended flat on their first trading day. The company is valued ahead of many of its global peers, which could pressure its shares as its growth shows signs of slowing sharply. At the end of the day, we can't get too excited about this company despite its position as a potential consolidator in China's huge MRO procurement services market.

ZKH Group IPO Falls Flat As Investors Worry Over Slowing Growth

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The December IPO market saw some activity this past week as two smaller issuers completed offerings, only one of which was large enough to include in our stats. China-based ZKH Group priced at the low end to raise $62 million at a $2.6 billion market cap. A handful of IPOs submitted initial filings, led by diabetes and obesity-focused medical device developer Fractyl Health, which filed to raise $100 million.

U.S. IPO Weekly Recap: Chinese Issuer ZKH Slips Through The U.S. IPO Window

SHANGHAI, Dec. 15, 2023 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced the pricing of its initial public offering of 4,000,000 American depositary shares ("ADSs"), at US$15.50 per ADS, for a total offering size of US$62.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents thirty-five (35) Class A ordinary shares of the Company.

ZKH Group Limited Announces Pricing of Initial Public Offering

ZKH Group has filed for an IPO to raise $66 million in gross proceeds. The company operates an MRO procurement platform in China but is experiencing significant operating losses. The firm faces regulatory risks, and declining revenue growth and the IPO will result in an ultra-low stock float, potentially leading to high volatility.

IPO Update: ZKH Group Targets $2.4 Billion Valuation In Low Float IPO

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News for ZKH Group Ltd Stock (ZKH)