ZKH Group

ZKH

Market cap $523M

ZKH Group Limited ( ZKH ) Q3 2025 Earnings Call November 20, 2025 7:00 AM EST Company Participants Jin Li - Head of Investor Relations Long Chen - Founder, CEO & Chairman of the Board of Directors Chun Chiu Lai - Chief Financial Officer Conference Call Participants Xiaodan Zhang - China International Capital Corporation Limited, Research Division Leo Chiang - Deutsche Bank AG, Research Division Ruchen Tang Presentation Operator Ladies and gentlemen, good day, and welcome to ZKH Group Limited Third Quarter 2025 Earnings Conference Call. Today's conference is being recorded.

SHANGHAI , Nov. 20, 2025 /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, 2025. Third Quarter 2025 Operational and Financial Highlights in thousand RMB, except for number of customers, percentage and basis points ("bps") Third Quarter 2024 2025 Change GMV[1] 2,685,996 2,622,901 -2.3 % GMV by Platform     ZKH Platform 2,422,649 2,354,585 -2.8 %     GBB Platform 263,347 268,316 1.9 % GMV by Business Model     Product Sales (1P) 2,228,234 2,294,239 3.0 %     Marketplace (3P)[2] 457,762 328,662 -28.2 % Number of Customers[3] 47,800 70,800 48.0 % Net Revenues 2,280,690 2,328,354 2.1 % Gross Profit 388,406 390,177 0.5 %     % of Net Revenues 17.0 % 16.8 % -27.3bps Operating Loss (105,355) (32,338) -69.3 %     % of Net Revenues -4.6 % -1.4 % 323.1bps Non-GAAP EBITDA[4] (62,812) (8,450) -86.5 %     % of Net Revenues -2.8 % -0.4 % 239.1bps Net Loss (81,751) (24,307) -70.3 %     % of Net Revenues -3.6 % -1.0 % 254.1bps Non-GAAP Adjusted Net Loss[5] (66,178) (14,074) -78.7 %     % of Net Revenues -2.9 % -0.6 % 229.7bps Mr.

SHANGHAI , Nov. 10, 2025 /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 2025, on Thursday, November 20 , 2025, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Thursday, November 20 , 2025 at 7:00 A.M.

SHANGHAI , Aug. 22, 2025 /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, 2025. Second Quarter 2025 Operational and Financial Highlights  in thousand RMB, except for number of customers,percentage and basis points ("bps") Second Quarter 2024 2025 Change GMV[1] 2,754,591 2,420,233 -12.1 % GMV by Platform     ZKH Platform 2,479,915 2,144,362 -13.5 %     GBB Platform 274,676 275,871 0.4 % GMV by Business Model     Product Sales (1P) 2,185,351 2,133,895 -2.4 %     Marketplace (3P)[2] 569,240 286,338 -49.7 % Number of Customers[3] 48,766 74,854 53.5 %     ZKH Platform 34,360 37,271 8.5 %     GBB Platform 14,406 37,583 160.9 % Net Revenues 2,249,996 2,166,774 -3.7 % Gross Profit 382,991 356,987 -6.8 %     % of Net Revenues 17.0 % 16.5 % -54.6bps Operating Loss (71,213) (71,957) 1.0 %     % of Net Revenues -3.2 % -3.3 % -15.6bps Non-GAAP EBITDA[4] (47,068) (38,663) -17.9 %     % of Net Revenues -2.1 % -1.8 % 30.8bps Net Loss (66,289) (53,509) -19.3 %     % of Net Revenues -2.9 % -2.5 % 47.7bps Non-GAAP Adjusted Net Loss[5] (34,857) (36,533) 4.8 %     % of Net Revenues -1.5 % -1.7 % -13.7bps Mr.

SHANGHAI , Aug. 8, 2025 /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 2025, on Friday, August 22, 2025, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Friday, August 22, 2025 at 8:00 A.M.

SHANGHAI , June 13, 2025 /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 a new share repurchase program under which the Company may repurchase up to US$50 million worth of its shares (including American Depositary Shares) over the next 12 months, ending on June 13, 2026. 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.

SHANGHAI , June 4, 2025 /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 official commissioning of its state-of-the-art smart manufacturing base in Taicang. This facility marks a significant milestone in the Company's strategic effort to integrate R&D and production for industrial products.

SHANGHAI , May 20, 2025 /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, 2025. First Quarter 2025 Operational and Financial Highlights  in thousand RMB, except for number of customers, percentage and basis points ("bps") First Quarter 2024 2025 Change GMV[1] 2,348,640 2,171,997 -7.5 % GMV by Platform     ZKH Platform 2,137,614 1,966,210 -8.0 %     GBB Platform 211,026 205,787 -2.5 % GMV by Business Model     Product Sales (1P) 1,775,732 1,901,196 7.1 %     Marketplace (3P)[2] 572,908 270,800 -52.7 % Number of Customers[3] 46,135 60,102 30.3 %     ZKH Platform 31,706 35,135 10.8 %     GBB Platform 14,429 24,967 73.0 % Net Revenues 1,860,409 1,935,372 4.0 % Gross Profit 334,076 332,118 -0.6 %     % of Net Revenues 18.0 % 17.2 % -79.7bps Operating Loss (129,613) (80,813) -37.7 %     % of Net Revenues -7.0 % -4.2 % 279.1bps Non-GAAP EBITDA[4] (70,048) (51,959) -25.8 %     % of Net Revenues -3.8 % -2.7 % 108.0bps Net Loss (90,901) (66,723) -26.6 %     % of Net Revenues -4.9 % -3.4 % 143.9bps Non-GAAP Adjusted Net Loss[5] (43,459) (50,176) 15.5 %     % of Net Revenues -2.3 % -2.6 % -25.7bps Mr.

SHANGHAI , May 6, 2025 /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 2025, on Tuesday, May 20, 2025, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Tuesday, May 20, 2025 at 8:00 A.M.

SHANGHAI , April 17, 2025 /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, 2024 with the U.S. Securities and Exchange Commission ("SEC") on April 17, 2025. 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.