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ZKH Group , a leading MRO procurement service platform in China, announced its unaudited financial results for Q1 2024, ending March 31. GMV declined slightly by 1% to RMB 2.35 billion. Net revenues decreased by 4% to RMB 1.86 billion, attributed to a focus on high-quality revenues and lower seasonal demand. Gross profit increased by 1% to RMB 334.1 million, with gross margin improving to 18%. The number of customers rose by 29% to over 46,000. Operating loss narrowed by 12.1% to RMB 129.6 million. The net loss decreased by 7.1% to RMB 90.9 million, and non-GAAP adjusted net loss reduced by 50% to RMB 43.5 million. The company invested in smart warehousing facilities and streamlined operations for long-term growth.
ZKH Group will announce its unaudited financial results for the first quarter of 2024 on May 21, 2024. The company, a leading maintenance, repair, and operations procurement service platform in China, will hold an earnings conference call to discuss the financial results on the same day.
