Welcome to our dedicated page for ZKH Group American Depositary Shares, each representing thirty-five (35) news (Ticker: zkh), a resource for investors and traders seeking the latest updates and insights on ZKH Group American Depositary Shares, each representing thirty-five (35) stock.
ZKH Group Limited (NYSE: ZKH) is a premier Maintenance, Repair, and Operations (MRO) procurement service platform in China, specializing in providing comprehensive and digitalized procurement and management services for a wide range of MRO products. ZKH's platform spans various product categories, including spare parts, chemicals, manufacturing parts, general consumables, and office supplies, catering to the specific needs of its customers and MRO suppliers.
With its digital infrastructure, ZKH offers one-stop solutions that streamline procurement processes, enhance transparency, and improve cost-efficiency for all participants along the industry value chain. The company's digital and fulfillment solutions ensure timely and reliable delivery of products, supported by a professional fulfillment team.
In recent financial highlights, ZKH has demonstrated significant growth despite challenging market conditions. For the fiscal year ending December 31, 2023, the company reported net revenues of RMB8,721.2 million (US$1,228.4 million), marking a 4.9% increase year-over-year. The company achieved profitability in Q4 2023, with a gross profit margin improvement and reduced losses. This was driven by enhanced product category expansion, optimized sales structure, and the integration of digitalization and artificial intelligence capabilities.
In 2024, ZKH continues to innovate with the launch of its first smart and automated warehousing facilities for the fasteners' product line, further emphasizing its commitment to enhancing operational efficiencies. The company is also preparing to expand its business internationally, targeting the U.S. market in the latter half of 2024.
For more detailed financial results, upcoming events, and further information, please visit ZKH's investor relations website at https://ir.zkh.com.
ZKH Group (NYSE: ZKH), a leading MRO procurement service platform in China, has signed a comprehensive strategic partnership agreement with Tmall. The agreement, effective until October 31, 2026, focuses on cooperation between ZKH's GBB Platform and Tmall's industrial product platform. Under the partnership, ZKH will facilitate flagship stores of leading industrial product brands joining Tmall's platform, while Tmall will provide tailored services and support. The agreement will automatically renew unless either party objects.
ZKH Group reported its Q3 2024 financial results, showing mixed performance. While net revenues slightly increased by 0.7% to RMB2,280.7 million, the company's GMV decreased by 7.2% to RMB2,686 million. The customer base grew by 16.9% to 47,876. The company improved its profitability metrics, with gross margin increasing to 17.0% from 16.3%, and reduced its net loss by 16.3% to RMB81.8 million. Notably, ZKH generated positive operating cash flow of RMB160.5 million, compared to negative cash flow in the same period last year.
ZKH Group (NYSE: ZKH), a leading MRO procurement service platform in China, announced it will release its Q3 2024 unaudited financial results on Friday, November 22, 2024, before U.S. markets open. The company will host an earnings conference call at 7:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong Time) on the same day. A replay will be available until November 29, 2024, and a webcast will be accessible on the company's investor relations website.
ZKH Group (NYSE: ZKH), a leading MRO procurement service platform in China, announced its unaudited financial results for Q2 2024. Key highlights include:
- GMV increased 5.6% YoY to RMB2.75 billion
- Net revenues grew 8.5% YoY to RMB2.25 billion
- Gross profit rose 14.3% YoY to RMB383.0 million
- Gross margin expanded by 86.2 bps to 17.0%
- Operating loss narrowed by 42.1% to RMB71.2 million
- Non-GAAP adjusted net loss decreased by 73.1% to RMB34.9 million
The company saw strong customer growth of 25.1% YoY, reaching 48,766 customers. ZKH continues to focus on strengthening its supply chain capabilities, enhancing customer coverage, and advancing digitalization efforts to drive long-term growth in the MRO market.
ZKH Group (NYSE: ZKH), a leading MRO procurement service platform in China, has announced it will release its unaudited financial results for the second quarter of 2024 on Thursday, August 22, 2024, before the U.S. markets open. The company will hold an earnings conference call on the same day at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong Time) to discuss the financial results.
Investors can access the call through various toll-free and international numbers. A replay of the conference call will be available by phone for one week after the live call, until August 29, 2024. Additionally, a live and archived webcast of the conference call will be accessible on the company's investor relations website at https://ir.zkh.com.
ZKH Group (NYSE: ZKH) announced a US$50 million share repurchase program authorized by its board, allowing the repurchase of US$50 million of its American Depositary Shares over the next 12 months, ending June 13, 2025. The repurchases will be funded from the company's existing cash balance and may occur through various methods, including open market purchases, private negotiations, and block trades, depending on market conditions. Chairman and CEO Eric Long Chen stated that this move reflects the company's confidence in its business growth and future value creation, emphasizing a commitment to sustainable, profitable growth and enhancing shareholder value.
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.
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