SHANGHAI , March 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 that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024, on Tuesday, March 18, 2025, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Tuesday, March 18, 2025 at 8:00 A.M.
SHANGHAI , Nov. 22, 2024 /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 has entered into a comprehensive strategic partnership agreement (the "Agreement") with Zhejiang Tmall Technology Co., Ltd. ("Tmall") with respect to the cooperation between the Company's GBB Platform and Tmall's industrial product platform.
SHANGHAI , Nov. 22, 2024 /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, 2024. Third Quarter 2024 Operational and Financial Highlights in thousand RMB, except for number of customers, percentage and basis points ("bps") Third Quarter 2023 2024 Change GMV[1] 2,894,140 2,685,996 -7.2 % GMV by Platform ZKH Platform 2,619,417 2,422,649 -7.5 % GBB Platform 274,723 263,347 -4.1 % GMV by Business Model Product Sales (1P) 2,180,729 2,228,234 2.2 % Marketplace (3P)[2] 713,411 457,762 -35.8 % Number of Customers[3] 40,963 47,876 16.9 % ZKH Platform 30,096 36,132 20.1 % GBB Platform 10,867 11,744 8.1 % Net Revenues 2,265,001 2,280,690 0.7 % Gross Profit 369,414 388,406 5.1 % % of Net Revenues 16.3 % 17.0 % 72.1bps Operating Loss (121,434) (105,355) -13.2 % % of Net Revenues -5.4 % -4.6 % 74.2bps Non-GAAP EBITDA[4] (76,092) (62,812) -17.5 % % of Net Revenues -3.4 % -2.8 % 60.5bps Net Loss (97,686) (81,751) -16.3 % % of Net Revenues -4.3 % -3.6 % 72.8bps Non-GAAP Adjusted Net Loss[5] (98,674) (66,178) -32.9 % % of Net Revenues -4.4 % -2.9 % 145.5bps Mr.
SHANGHAI , Nov. 8, 2024 /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 2024, on Friday, November 22, 2024, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Friday, November 22, 2024 at 7:00 A.M.
SHANGHAI , Aug. 22, 2024 /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, 2024. Second Quarter 2024 Operational and Financial Highlights in thousand RMB, except for number of customers, percentage and basis points ("bps") Second Quarter 2023 2024 Change GMV[1] 2,608,851 2,754,591 5.6 % GMV by Platform ZKH Platform 2,375,584 2,479,915 4.4 % GBB Platform 233,267 274,676 17.8 % GMV by Business Model Product Sales (1P) 1,995,108 2,185,351 9.5 % Marketplace (3P) 613,743 569,240 -7.3 % Number of Customers[2] 38,980 48,766 25.1 % ZKH Platform 28,909 34,360 18.9 % GBB Platform 10,071 14,406 43.0 % Net Revenues[3] 2,073,453 2,249,996 8.5 % Gross Profit 335,071 382,991 14.3 % % of Net Revenues 16.2 % 17.0 % 86.2bps Operating Loss (123,093) (71,213) -42.1 % % of Net Revenues -5.9 % -3.2 % 277.2bps Non-GAAP EBITDA[4] (107,851) (47,068) -56.4 % % of Net Revenues -5.2 % -2.1 % 311.0bps Net Loss (129,580) (66,289) -48.8 % % of Net Revenues -6.2 % -2.9 % 330.3bps Non-GAAP Adjusted Net Loss[5] (129,498) (34,857) -73.1 % % of Net Revenues -6.2 % -1.5 % 469.6bps Mr.
SHANGHAI , Aug. 8, 2024 /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 2024, on Thursday, August 22, 2024, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Thursday, August 22, 2024 at 8:00 A.M.
SHANGHAI , June 13, 2024 /PRNewswire/ -- ZKH Group Limited (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$50 million of its American Depositary Shares over the next 12 months, ending on June 13, 2025. 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.
ZKH Group raised $62 million in one of the biggest IPOs by a Chinese company in New York this year, though its shares priced weakly and ended flat on their first trading day. The company is valued ahead of many of its global peers, which could pressure its shares as its growth shows signs of slowing sharply. At the end of the day, we can't get too excited about this company despite its position as a potential consolidator in China's huge MRO procurement services market.