Security
ZKH · ZKH Group Ltd
ZKHNYSEotherCurrentCIK 1862044Updated Sep 27, 2026
ZKH price & chart
Loading TradingView…
NYSE:ZKH on TradingView ↗In the news
ZKH Group Limited Announces Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · CNYSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsCNY | 6,529,849,000Source | 6,611,236,000Source | 7,386,628,000Source | 6,813,720,000Source |
| Property, Plant and Equipment, NetCNY | 186,185,000Source | 183,572,000Source | 145,288,000Source | 166,740,000Source |
| GoodwillCNY | 30,807,000Source | 30,807,000Source | 30,807,000Source | 30,807,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueCNY | 1,030,573,000Source | 1,423,943,000Source | 1,090,621,000Source | 1,954,246,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentCNY | 3,257,162,000Source | 3,090,323,000Source | 3,639,794,000Source | 3,067,064,000Source |
| Inventory, NetCNY | 669,825,000Source | 625,390,000Source | 668,984,000Source | 655,997,000Source |
| Assets, CurrentCNY | 6,138,199,000Source | 6,190,173,000Source | 6,954,474,000Source | 6,283,255,000Source |
| Prepaid Expense and Other Assets, CurrentCNY | 180,188,000Source | 179,387,000Source | 168,117,000Source | 243,630,000Source |
| Operating Lease, Right-of-Use AssetCNY | 152,787,000Source | 190,753,000Source | 235,963,000Source | 308,867,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesCNY | 3,588,516,000Source | 3,512,745,000Source | 4,175,209,000Source | 3,697,442,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedCNY | 4,000Source | 4,000Source | 4,000Source | 1,000Source |
| Retained Earnings (Accumulated Deficit)CNY | -5,317,131,000Source | -5,177,126,000Source | -4,908,793,000Source | -4,024,102,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxCNY | -37,288,000Source | 4,764,000Source | -25,154,000Source | -51,910,000Source |
| Stockholders' Equity Attributable to ParentCNY | 2,941,333,000Source | 3,098,491,000Source | 3,211,419,000Source | -4,070,733,000Source |
| Additional Paid in Capital, Common StockCNY | 8,370,941,000Source | 8,305,304,000Source | 8,139,349,000Source | — |
| Liabilities and EquityCNY | 6,529,849,000Source | 6,611,236,000Source | 7,386,628,000Source | 6,813,720,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentCNY | 3,425,790,000Source | 3,339,538,000Source | 4,027,732,000Source | 3,482,233,000Source |
| Operating Lease, Liability, CurrentCNY | 50,202,000Source | 81,379,000Source | 91,230,000Source | 95,775,000Source |
| Accounts Payable, CurrentCNY | 2,718,941,000Source | 2,546,105,000Source | 2,875,222,000Source | 2,555,381,000Source |
| Operating Lease, Liability, NoncurrentCNY | 91,894,000Source | 109,096,000Source | 146,970,000Source | 214,427,000Source |
| Other Liabilities, NoncurrentCNY | 28,181,000Source | 25,224,000Source | 507,000Source | 782,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestCNY | — | — | — | 4,238,000Source |
| Additional Financial Items | ||||
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesCNY | 2,305,000Source | 997,000Source | — | — |
| Long-term Debt, Excluding Current MaturitiesCNY | 42,651,000Source | 38,887,000Source | — | — |
| Short-term InvestmentsCNY | 825,289,000Source | 543,978,000Source | 874,210,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestCNY | -139,742,000Source | -268,043,000Source | -304,900,000Source | -731,121,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationCNY | 48,356,000Source | 54,769,000Source | 73,466,000Source | 76,073,000Source |
| Share-based Payment Arrangement, Noncash ExpenseCNY | 53,817,000Source | 108,516,000Source | 17,393,000Source | 31,899,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableCNY | 199,326,000Source | -502,397,000Source | 585,486,000Source | 333,067,000Source |
| Increase (Decrease) in InventoriesCNY | 75,708,000Source | -17,688,000Source | 52,956,000Source | -85,802,000Source |
| Increase (Decrease) in Accounts PayableCNY | 165,545,000Source | -329,974,000Source | 317,234,000Source | 119,814,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesCNY | 8,789,000Source | 229,069,000Source | -567,948,000Source | -504,203,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesCNY | -324,473,000Source | 276,080,000Source | -908,302,000Source | -37,040,000Source |
| Payments to Acquire Property, Plant, and EquipmentCNY | 53,043,000Source | 79,159,000Source | 50,496,000Source | 37,047,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockCNY | 41,001,000Source | 40,757,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesCNY | -104,469,000Source | -254,185,000Source | 715,724,000Source | 1,302,710,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesCNY | — | -7,140,000Source | — | -15,680,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectCNY | -424,438,000Source | 266,510,000Source | -755,484,000Source | 878,936,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsCNY | 1,092,444,000Source | 1,516,882,000Source | 1,250,372,000Source | 2,005,856,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesCNY | 3,812,000Source | 10,158,000Source | 19,343,000Source | 20,957,000Source |
| Income Taxes Paid, NetCNY | 569,000Source | 842,000Source | 154,000Source | 1,220,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseCNY | 53,817,000Source | 108,516,000Source | 17,393,000Source | 31,899,000Source |
| Amortization of Intangible AssetsCNY | 7,037,000Source | 7,555,000Source | 8,857,000Source | 8,198,000Source |
| DepreciationCNY | 41,478,000Source | 47,214,000Source | 64,610,000Source | 67,875,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxCNY | 16,405,000Source | -12,213,000Source | -11,061,000Source | 13,733,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentCNY | 629,000Source | -659,000Source | -3,011,000Source | -175,000Source |
| General and Administrative ExpenseCNY | 576,269,000Source | 646,539,000Source | 535,493,000Source | 612,252,000Source |
| GoodwillCNY | 30,807,000Source | 30,807,000Source | 30,807,000Source | 30,807,000Source |
| Goodwill, Impairment LossCNY | 0Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets, Finite-livedCNY | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)CNY | 689,000Source | 1,013,000Source | 195,000Source | -471,000Source |
| InterestExpenseNonoperatingCNY | 11,350,000Source | 19,003,000Source | — | — |
| Inventory Write-downCNY | 31,365,000Source | 25,906,000Source | 39,969,000Source | 21,139,000Source |
| Net Income (Loss) Attributable to ParentCNY | -139,742,000Source | -268,043,000Source | -304,314,000Source | -735,681,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | -139,742,000Source | -268,043,000Source | -964,384,000Source | -1,244,962,000Source |
| Other Nonoperating Income (Expense)CNY | 35,546,000Source | 26,497,000Source | 59,659,000Source | 33,737,000Source |
| Proceeds from Issuance of Long-term DebtCNY | 5,072,000Source | 39,884,000Source | — | — |
| Proceeds from Stock Options ExercisedCNY | 2,460,000Source | 920,000Source | — | — |
| Unrealized Gain (Loss) on InvestmentsCNY | 20,017,000Source | 23,798,000Source | 0Source | 0Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueCNY | 8,987,738,000Source | 8,761,318,000Source | 8,721,175,000Source | 8,315,236,000Source |
| Cost of RevenueCNY | 7,512,076,000Source | 7,250,847,000Source | 7,268,741,000Source | 6,997,566,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)CNY | -213,337,000Source | -338,770,000Source | -398,724,000Source | -685,706,000Source |
| Other Nonoperating Income (Expense)CNY | 35,546,000Source | 26,497,000Source | 59,659,000Source | 33,737,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestCNY | -139,053,000Source | -267,030,000Source | -304,705,000Source | -731,592,000Source |
| Income Tax Expense (Benefit)CNY | 689,000Source | 1,013,000Source | 195,000Source | -471,000Source |
| Net Income (Loss) Attributable to ParentCNY | -139,742,000Source | -268,043,000Source | -304,314,000Source | -735,681,000Source |
| Earnings Per Share, BasicCNY/shares | -0.02Source | -0.05Source | -0.63Source | -0.94Source |
| Earnings Per Share, DilutedCNY/shares | -0.02Source | -0.05Source | -0.63Source | -0.94Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 5,686,064,402Source | 5,736,262,553Source | 1,528,540,765Source | 1,325,036,140Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 5,686,064,402Source | 5,736,262,553Source | 1,528,540,765Source | 1,325,036,140Source |
| Interest Expense (non-operating)CNY | 11,350,000Source | 19,003,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsCNY | 7,037,000Source | 7,555,000Source | 8,857,000Source | 8,198,000Source |
| Common Stock, Dividends, Per Share, DeclaredCNY/shares | 0Source | 0Source | — | — |
| Current Income Tax Expense (Benefit)CNY | 689,000Source | 1,013,000Source | 195,000Source | -471,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxCNY | 16,405,000Source | -12,213,000Source | -11,061,000Source | 13,733,000Source |
| General and Administrative ExpenseCNY | 576,269,000Source | 646,539,000Source | 535,493,000Source | 612,252,000Source |
| Goodwill, Impairment LossCNY | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticCNY | -89,650,000Source | -255,716,000Source | -330,426,000Source | -717,979,000Source |
| Interest ExpenseCNY | — | — | 19,343,000Source | 94,182,000Source |
| Interest Expense, DebtCNY | — | — | — | 73,081,000Source |
| Investment Income, NetCNY | 50,088,000Source | 64,246,000Source | 53,703,000Source | 14,559,000Source |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling InterestCNY | — | — | -393,000Source | 333,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | -139,742,000Source | -268,043,000Source | -964,384,000Source | -1,244,962,000Source |
| Preferred Stock, Dividends Per Share, DeclaredCNY/shares | 0Source | 0Source | — | — |
| Research and Development ExpenseCNY | 165,518,000Source | 169,496,000Source | 175,915,000Source | 240,534,000Source |
| Selling and Marketing ExpenseCNY | 585,039,000Source | 641,519,000Source | 700,791,000Source | 683,206,000Source |