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. The Agreement will be effective until October 31, 2026 whe ...

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 b ...

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. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong Time) t ...

Investment Rating - The report assigns an "Overweight" rating to ZKH (首次覆盖) [1] Core Views - ZKH's scale advantage is driving profit improvement, and the share buyback plan demonstrates confidence in future development [1] - ZKH's platform operations remain stable, with the Gongbangbang platform showing strong growth [2] - Revenue is growing rapidly, with marginal improvement in profit levels [2] - The company has completed multiple rounds of financing, attracting well-known institutions such as Zhongding Capital and Genesis Capital [2] - The share buyback plan reflects management's confidence in the company's long-term development [2] Financial Performance - In Q2 2024, ZKH achieved revenue of 2.25 billion yuan, a year-on-year increase of 8.5% [2] - Non-GAAP adjusted net profit was -35 million yuan, a reduction in loss of 95 million yuan compared to the same period last year [2] - Gross margin was 17.0%, up 0.8 percentage points year-on-year [2] - The ZKH platform's GMV was 2.48 billion yuan, up 4.4% year-on-year, with revenue of 1.893 billion yuan, up 7.8% year-on-year, and a gross margin of 15.5%, up 1.81 percentage points year-on-year [2] - The Gongbangbang platform's GMV was 270 million yuan, up 17.8% year-on-year, with revenue of 270 million yuan, up 17.3% year-on-year, and a gross margin of 5.6%, down 0.29 percentage points year-on-year [2] Revenue and Profit Forecast - Forecasted revenue for 2024-2026E is 9.77 billion yuan, 10.82 billion yuan, and 11.76 billion yuan, respectively [3] - Forecasted net profit attributable to the parent company for 2024-2026E is 86 million yuan, 402 million yuan, and 724 million yuan, respectively [3] - The corresponding P/E ratios are 47.9X, 10.3X, and 5.7X, respectively [3] Valuation Metrics - ROE is expected to improve from -9.5% in 2023A to 16.4% in 2026E [4] - Gross margin is forecasted to increase from 17% in 2023A to 20% in 2026E [5] - Revenue growth rate is projected to be 12% in 2024E, 11% in 2025E, and 9% in 2026E [5] - Net profit growth rate is expected to be 128% in 2024E, 366% in 2025E, and 80% in 2026E [5] Share Buyback Plan - ZKH announced a share buyback plan on June 14, 2024, intending to repurchase up to $50 million worth of ADS within the next 12 months [2]

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 Pl ...

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 ...

Exhibit 99.1 ZKH Group Limited Announces First Quarter 2024 Unaudited Financial Results SHANGHAI, China, May 21, 2024 – 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 first quarter ended March 31, 2024. First Quarter 2024 Operational and Financial Highlights | --- | --- | --- | --- | |----------------------------------|---------------------------------- ...

SHANGHAI, May 21, 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 first quarter ended March 31, 2024.First Quarter 2024 Operational and Financial Highlights in thousand RMB, except for number of customers, percentage and basis points ("bps") First Quarter 2023 2024 Change GMV[1] 2,372,911 2,348,640 -1.0 % GMV by Platform     ZKH Pla ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Exhibit 99.1 ZKH Group Limited Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results SHANGHAI, China, March 19, 2024 – 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 fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter and Fiscal Year 2023 Operational and Financial Highlights | --- | --- | --- | --- | --- | --- | -- ...