ZKH Group

ZKH

시가총액 US$2.76억

ZKH Group Limited is rated a speculative Buy as restructuring gains traction, with accelerating revenue, margin improvement, and private-label expansion. Q2 2026 marked ZKH's first quarterly operating profit; gross margin rose 110 bps to 17.6%; and private label reached 10% of GMV. Marketplace GMV surged 50.7% YoY, driven by deeper customer penetration, while operating expenses fell as a percentage of sales.

ZKH Group Limited (ZKH) Q2 2026 Earnings Call Transcript

ZKH Group NYSE: ZKH said second-quarter growth accelerated as demand from small and medium-sized enterprise customers, state-owned enterprises and several industrial sectors increased, while operating leverage helped the company post its first quarterly operating profit.

SHANGHAI, Aug. 21, 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 its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Operational and Financial Highlights Second Quarter 2025 2026 Change (in thousand RMB, except for number of customers, percentage and basis points("bps")) GMV [1] 2,420,233 2,877,545 18.9 % GMV by Platform ZKH Platform 2,144,362 2,635,045 22.9 % GBB Platform 275,871 242,500 -12.1 % GMV by Business Model Product Sales (1P) 2,133,895 2,446,015 14.6 % Marketplace (3P)[2] 286,338 431,529 50.7 % Number of Customers [3] 74,854 73,547 -1.7 % Net Revenues 2,166,774 2,443,750 12.8 % Gross Profit 356,987 429,574 20.3 % % of Net Revenues 16.5 % 17.6 % 110.3bps Operating (Loss)/Profit (71,957) 4,001 - % of Net Revenues -3.3 % 0.2 % 348.5bps Non-GAAP EBITDA [4] (38,663) 41,857 - % of Net Revenues -1.8 % 1.7 % 349.7bps Net (Loss)/Profit (53,509) 26,687 - % of Net Revenues -2.5 % 1.1 % 356.2bps Non-GAAP Adjusted Net (Loss)/Profit  [5] (36,533) 38,461 - % of Net Revenues -1.7 % 1.6 % 326.0bps Mr.

SHANGHAI, Aug. 6, 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 it will release its unaudited financial results for the second quarter 2026, on Friday, August 21, 2026, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Friday, August 21, 2026 at 7:00 A.M.

ZKH Group Limited (ZKH) Q1 2026 Earnings Call Transcript

ZKH Group NYSE: ZKH said its first-quarter 2026 results showed accelerating growth and improved profitability, with management pointing to stronger customer activity, efficiency gains and continued investment in artificial intelligence and fulfillment capabilities.

SHANGHAI, May 21, 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 its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Operational and Financial Highlights  First Quarter 2025 2026 Change (in thousand RMB, except for number of customers, percentage and basis points("bps")) GMV[1] 2,171,997 2,452,783 12.9 % GMV by Platform ZKH Platform 1,966,210 2,183,957 11.1 % GBB Platform 205,787 268,826 30.6 % GMV by Business Model Product Sales (1P) 1,901,196 2,132,441 12.2 % Marketplace (3P)[2] 270,800 320,342 18.3 % Number of Customers[3] 60,102 66,742 11.0 % Net Revenues 1,935,372 2,113,819 9.2 % Gross Profit 332,118 354,027 6.6 % % of Net Revenues 17.2 % 16.7 % -41.2bps Operating Loss (80,813) (22,497) -72.2 % % of Net Revenues -4.2 % -1.1 % 311.1bps Non-GAAP EBITDA[4] (51,959) 4,237 - % of Net Revenues -2.7 % 0.2 % 288.5bps Net (Loss)/Profit (66,723) (10,103) -84.9 % % of Net Revenues -3.4 % -0.5 % 297.0bps Non-GAAP Adjusted Net (Loss)/Profit[5] (50,176) 1,690 - % of Net Revenues -2.6 % 0.1 % 267.3bps   Mr.

SHANGHAI, May 7, 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 it will release its unaudited financial results for the first quarter 2026, on Thursday, May 21, 2026, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Thursday, May 21, 2026 at 7:00 A.M.

SHANGHAI, April 24, 2026 /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, 2025 with the U.S. Securities and Exchange Commission ("SEC") on April 24, 2026. 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.