北京时间11月20日，中国领先的MRO采购服务平台震坤行(NYSE：ZKH)于美股盘前发布2025第三季度 业绩报告。 第三季度，震坤行在"产品深耕"与"AI驱动"战略下，整体业务重回增长轨道，在盈利能力上实现突破： 本季度经调整净亏损大幅收窄至约1,400万元人民币，较去年同期的约6,600万元大幅减少78%。这一表 现超市场普遍预期的3000万至4000万元亏损水平，印证了费用管控与运营优化的卓越成效。值得一提的 是，震坤行于9月已重现单月盈亏平衡，管理团队明确表示有信心在第四季度实现季度盈利。增长势头 的重现标志着该公司过去近四个季度的业务主动优化和调整策略奏效，正稳步迈入 "盈利性成长期"。 季度成交客户数创新高 增长动能强劲恢复 第三季度，震坤行业务规模与效率实现同步提升，展现出强劲的复苏势头。其中，工作日日均订单量从 7月的约3,700万元人民币显著提升至11月的约5,200万元，增幅超过40%，增长趋势明确；本季度成交客 户数突破7万家，创下季度新高，为未来增长奠定了坚实基础。 头部设备厂商和核心零部件供应商达成战略合作，通过其强大的专家技术团队，协助客户进行专业的选 型优化，为客户提供及时、准 ...

Group 1: Core Insights - The 8th China International Import Expo officially opened in Shanghai, showcasing Zhenkunhang's innovative capabilities in empowering advanced manufacturing and revitalizing the global industrial supply chain [1] - Zhenkunhang launched its self-developed "Xingjialinglong" AI model and intelligent agent family, marking a breakthrough in the intelligentization of industrial procurement [3][5] Group 2: AI Model and Intelligent Agents - The "Xingjialinglong" AI model leverages extensive product data and industry expertise accumulated from serving over 100,000 clients, focusing on the complexities and core pain points in procurement scenarios [5] - The intelligent agent family includes various functions such as AI Material Butler for data processing, AI Assistant for 24/7 inquiries, and AI Product Brain for demand prediction and product recommendations, enhancing efficiency in the supply chain [5] Group 3: ESG Report and Sustainability Initiatives - Zhenkunhang released its 2024 ESG report, emphasizing "responsibility as the foundation for value co-creation," covering governance, product responsibility, green initiatives, employee care, responsible procurement, and charity [7] - The company set ambitious carbon reduction goals, aiming for a 50% reduction in operational carbon by 2025, carbon neutrality by 2030, and full carbon neutrality by 2050 [9] Group 4: Innovation and R&D - The company announced the full operation of its Innovation R&D Center in Suzhou, focusing on new materials and intelligent equipment, enhancing its role in the innovation of industrial products [15][16] Group 5: Industry Collaboration and Influence - Zhenkunhang actively participated in high-end forums and events during the expo, expanding its industry collaboration and influence, and was recognized for its digital supply chain model [20][22] - The company shared its practices in AI technology at various dialogues, promoting the evolution of industrial cross-border services towards intelligence and efficiency [24] Group 6: Future Outlook - Zhenkunhang's participation in the expo reflects its commitment to deepening its service to China's advanced manufacturing and enhancing the resilience of the industrial supply chain through digitalization [25]