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PRNewsWire
7 months ago
ZKH Group Limited Announces Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results
SHANGHAI , March 18, 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 fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter and Fiscal Year 2024 Operational and Financial Highlights in thousand RMB, except for number of customers,percentage and basis points ("bps") Fourth Quarter Fiscal Year 2023 2024 Change 2023 2024 Change GMV[1] 3,207,139 2,690,311 -16.1 % 11,083,035 10,479,461 -5.4 % GMV by Platform ZKH Platform 2,907,077 2,435,037 -16.2 % 10,112,872 9,475,550 -6.3 % GBB Platform 300,062 255,274 -14.9 % 970,163 1,003,911 3.5 % GMV by Business Model Product Sales (1P) 2,321,861 2,324,005 0.1 % 8,336,846 8,530,328 2.3 % Marketplace (3P)[2] 885,279 366,306 -58.6 % 2,746,189 1,949,133 -29.0 % Number of Customers[3] 42,220 46,192 9.4 % 66,562 83,958 26.1 % ZKH Platform 31,174 36,116 15.9 % 48,211 57,679 19.6 % GBB Platform 11,046 10,076 -8.8 % 18,351 26,279 43.2 % Net Revenues 2,443,961 2,370,223 -3.0 % 8,721,175 8,761,318 0.5 % Gross Profit 417,151 404,998 -2.9 % 1,452,434 1,510,471 4.0 % % of Net Revenues 17.1 % 17.1 % 1.8bps 16.7 % 17.2 % 58.6bps Operating Loss (6,779) (32,589) 380.7 % (398,724) (338,770) -15.0 % % of Net Revenues -0.3 % -1.4 % -109.8bps -4.6 % -3.9 % 70.5bps Non-GAAP EBITDA[4] 43,272 (13,330) -130.8 % (211,896) (193,258) -8.8 % % of Net Revenues 1.8 % -0.6 % -233.3bps -2.4 % -2.2 % 22.4bps Net Profit/(Loss) 20,229 (29,102) -243.9 % (304,900) (268,043) -12.1 % % of Net Revenues 0.8 % -1.2 % -205.6bps -3.5 % -3.1 % 43.7bps Non-GAAP Adjusted Net Profit/(Loss)[5] 27,538 (15,033) -154.6 % (287,507) (159,527) -44.5 % % of Net Revenues 1.1 % -0.6 % -176.1bps -3.3 % -1.8 % 147.6bps "2024 presented a dynamic demand landscape, yet we delivered robust performance, further solidifying our leadership in China's MRO industry and expanding our global footprint.