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ZKH Group Limited American Depositary Shares, each representing thirty-five (35) Class A Ordinary Shares · ZKH
ZKHNYSEotherCurrentCIK 1862044Updated Oct 6, 2026
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NYSE:ZKH on TradingView ↗About the company
ZKH Group Limited (NYSE: ZKH) is a leading MRO procurement service platform in China, underpinned by robust supply chain capabilities and dedicated to serving customers globally through a product-led, agentic AI-driven approach. Through its primary online platforms, the ZKH platform, the GBB platform and the Northsky platform, along with innovative technology and extensive industry expertise, the Company provides bespoke MRO procurement solutions to a diverse and loyal customer base. These solutions encompass hyper-personalized product curation from a comprehensive selection of quality products at competitive prices. Additionally, the Company ensures timely and reliable product delivery through professional fulfillment services. By focusing on reducing procurement costs and addressing management efficiency challenges, ZKH is transforming the opaque MRO procurement process and empowering all stakeholders across the value chain.
In the news
ZKH Group Limited Announces Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results ↗
Recent filings
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Financials
FY 2025 · CNYSource
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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 | —Source | —Source | — | — |
| 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 |
Filing attachments
tm2623688d1_ex99-1.htm · 6-K · 2026-08-21
Exhibit 99.1 ZKH Group Limited Announces Second Quarter 2026 Unaudited Financial Results SHANGHAI, Aug. 21, 2026 - 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, 2026. Second Quarter 2026 Operational and Financial Highlights …
Read attachment ↗tm2620664d1_ex99-1.htm · 6-K · 2026-07-20
Exhibit 99.1 ZKH Group Limited Announces Chief Financial Officer Transition SHANGHAI, July 20, 2026 /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 Mr. Chiu Chun Lai has tendered his resignation as chief financial officer of the Company for personal reasons, effective today. Mr. Lai’s resignation did not result from any disagreement with the Company on any m…
Read attachment ↗tm2617489d1_ex99-1.htm · 6-K · 2026-06-15
Exhibit 99.1 ZKH Group Limited Announces Extension of Share Repurchase Program SHANGHAI, June 15, 2026 /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 its board of directors has authorized an extension of its existing share repurchase program, initially approved on June 13, 2025 (the “Share Repurchase Program”). Under the terms of the program, the Company is…
Read attachment ↗tm2615193d1_ex99-1.htm · 6-K · 2026-05-21
Exhibit 99.1 ZKH Group Limited Announces First Quarter 2026 Unaudited Financial Results SHANGHAI, May 21, 2026 - 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, 2026. First Quarter 2026 Operational and Financial Highlights …
Read attachment ↗tm269350d1_ex99-1.htm · 6-K · 2026-03-19
Exhibit 99.1 ZKH Group Limited Announces Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results SHANGHAI, March 19, 2026 - 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, 2025. Fourth Quarter and Fiscal Year 2025 Operational and Financial Highlights …
Read attachment ↗