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ZKH Group Ltd (NYSE: ZKH) provides essential news coverage for stakeholders tracking China's evolving MRO procurement sector. This centralized resource aggregates official press releases, financial disclosures, and market analysis related to the company's digital platform for industrial supply chain solutions.
Investors and industry professionals will find timely updates on ZKH's operational developments, including strategic partnerships, technology enhancements, and market expansion initiatives. The curated news selection focuses on key business aspects: digital procurement innovations, supply chain optimization progress, and financial performance metrics.
Content categories include earnings reports, product line updates, executive leadership announcements, and industry recognition. Each update is verified for relevance to ZKH's core mission of transforming MRO procurement through integrated digital solutions.
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ZKH Group (NYSE: ZKH), China's leading maintenance, repair and operations (MRO) procurement service platform, has announced the filing of its 2024 annual report on Form 20-F with the SEC on April 17, 2025.
The annual report, which includes audited consolidated financial statements for the fiscal year ended December 31, 2024, is available electronically on the company's investor relations website and the SEC website. Shareholders and ADS holders can request free hard copies from the company's IR Department in Shanghai.
ZKH Group (NYSE: ZKH) reported its Q4 and FY2024 financial results, showing mixed performance. Net revenues for Q4 2024 decreased 3.0% to RMB2,370.2 million (US$324.7 million), while full-year revenues increased slightly by 0.5% to RMB8,761.3 million.
Q4 highlights include a gross margin of 17.1%, remaining flat year-over-year, while operating loss increased to RMB32.6 million. The company reported a Q4 net loss of RMB29.1 million, compared to a net profit of RMB20.2 million in Q4 2023.
For FY2024, ZKH showed improved cash flow generation with positive operating cash flow of RMB229.1 million, marking their first full year of positive cash inflow. The company's gross margin improved to 17.2% from 16.7% in 2023, though it recorded a full-year net loss of RMB268.0 million, an improvement from RMB304.9 million loss in 2023.
ZKH Group (NYSE: ZKH), China's leading MRO procurement service platform, has scheduled the release of its Q4 and fiscal year 2024 unaudited financial results. The announcement will take place on Tuesday, March 18, 2025, before U.S. markets open.
The company management will host 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. A replay will be available until March 25, 2025, and interested parties can access both live and archived webcasts through the company's investor relations website.
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.
