ZKH Group Limited Announces Third Quarter 2025 Unaudited Financial Results
Financial Performance: ZKH Group Limited reported a 2.1% increase in net revenues for Q3 2025, reaching RMB 2.33 billion, while net loss decreased significantly to RMB 24.3 million from RMB 81.8 million in the same period last year.
Operational Highlights: The company experienced a recovery in business momentum, with a 48% increase in the number of customers and a notable growth in higher-margin private-label product sales, which now represent 8.2% of total GMV.
Cost Management: ZKH successfully reduced operating expenses by 14.4% year-over-year, contributing to improved operating margins and a significant reduction in both operating loss and net loss margins.
Strategic Initiatives: The company is focusing on enhancing AI capabilities across operations, expanding its international distribution channels, and optimizing its fulfillment network to drive future growth and efficiency.
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Third-Quarter Financial Performance: ZKH Group Limited reported a third-quarter net loss of RMB24.3 million (US$3.4 million), a decrease from RMB81.8 million in the same period of 2024, with a net loss margin of 1.0%.
Adjusted Loss Figures: The adjusted net loss was RMB14.1 million (US$2.0 million), down from RMB66.2 million in the same period of 2024, resulting in an adjusted net loss margin of 0.6%.
Earnings Per ADS: The net loss per American Depositary Share (ADS) was RMB0.15 (US$0.02), compared to RMB0.50 in the same period of 2024, while the adjusted loss per ADS was RMB0.09 (US$0.01), down from RMB0.40.
Revenue Growth: Net revenues increased by 2.1% to RMB2,328.4 million (US$327.1 million) from RMB2,280.7 million in the same period of 2024.
- Earnings Report: ZKH Group reported a Q3 GAAP EPS of $0.00.
- Revenue Figures: The company generated revenue of $319 million during the same quarter.
- Additional Information: More details on ZKH Group can be found on Seeking Alpha, including their Quant Rating and historical earnings data.
- Financial Overview: The press release provides a snapshot of ZKH Group's financial performance and metrics.
Financial Performance: ZKH Group Limited reported a 2.1% increase in net revenues for Q3 2025, reaching RMB 2.33 billion, while net loss decreased significantly to RMB 24.3 million from RMB 81.8 million in the same period last year.
Operational Highlights: The company experienced a recovery in business momentum, with a 48% increase in the number of customers and a notable growth in higher-margin private-label product sales, which now represent 8.2% of total GMV.
Cost Management: ZKH successfully reduced operating expenses by 14.4% year-over-year, contributing to improved operating margins and a significant reduction in both operating loss and net loss margins.
Strategic Initiatives: The company is focusing on enhancing AI capabilities across operations, expanding its international distribution channels, and optimizing its fulfillment network to drive future growth and efficiency.

Financial Results Announcement: ZKH Group Limited will release its unaudited financial results for Q3 2025 on November 20, 2025, before U.S. market opening.
Earnings Conference Call: An earnings conference call is scheduled for the same day at 7:00 A.M. U.S. Eastern Time, with access available via multiple phone numbers and a webcast on the company's investor relations website.
Company Overview: ZKH Group Limited is a leading MRO procurement service platform in China, utilizing AI-driven technology to provide customized procurement solutions and enhance supply chain efficiency.
Contact Information: For investor and media inquiries, contact details for ZKH's IR Department and Piacente Financial Communications are provided for both China and the United States.

Financial Performance: ZKH Group Ltd reported a 12.1% decline in GMV to RMB2.42 billion and a 3.7% decrease in total revenue to RMB2.17 billion, despite achieving a 0.8 percentage point increase in gross margin.
Net Loss Reduction: The company narrowed its net loss by 20% year-over-year to approximately RMB53 million, with improvements in operational efficiency reflected in a significant increase in orders processed per customer service representative.
Growth in Private Label Products: GMV from private label products grew by 25% year-over-year, contributing 8.7% to total GMV, while US revenue surged by 260% in the second quarter compared to the first quarter.
Strategic Focus: ZKH plans to enhance market share among top manufacturers in China and expand into overseas markets, emphasizing product capabilities, digitization, and AI as competitive advantages amidst challenges in brand building in new regions.








