Accessibility StatementSkip Navigation SHANGHAI, Nov. 10, 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 third quarter of 2025, on Thursday, November 20, 2025, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Thursday, November 20, 2025 at 7:00 A.M. U.S. East ...

Core Viewpoint - ZKH Group Limited reported a decline in key financial metrics for the second quarter of 2025, including a 3.7% decrease in net revenues and a 12.1% drop in Gross Merchandise Value (GMV), while also achieving growth in customer base and operational efficiency despite macroeconomic challenges [1][5][14]. Financial Performance - Net revenues for Q2 2025 were RMB 2,166.8 million (US$ 302.5 million), down 3.7% from RMB 2,250.0 million in Q2 2024 [5][11]. - GMV decreased to RMB 2,420.2 million, a 12.1% decline from RMB 2,754.6 million in the same quarter of the previous year [2][5]. - The ZKH platform GMV fell by 13.5%, while the GBB platform saw a slight increase of 0.4% [2]. - Net loss narrowed to RMB 53.5 million (US$ 7.5 million) from RMB 66.3 million in Q2 2024, indicating improved cost management [14][15]. Operational Highlights - The number of customers increased by 53.5% year-over-year, reaching 74,854, with significant growth in the GBB platform customer base [2][5]. - The operational launch of the Taicang facility is expected to enhance R&D and production capabilities, contributing to future competitiveness [1][2]. Cost Management - Cost of revenues decreased by 3.1% to RMB 1,809.8 million, reflecting effective cost reduction initiatives [8][11]. - Gross profit was RMB 356.9 million, down 6.8% from the previous year, with a gross margin of 16.5% [9][10]. Strategic Initiatives - The company is focusing on higher-margin private-label products, which have shown growth despite overall revenue declines [1][14]. - ZKH is committed to long-term investments and maintaining a lean operational structure to support sustainable growth [1][14]. Share Repurchase Program - As of June 13, 2025, ZKH had repurchased approximately 0.36 million ADSs for about US$ 1.10 million under a new share repurchase program [19][20]. Balance Sheet and Cash Flow - As of June 30, 2025, cash and cash equivalents totaled RMB 1.85 billion (US$ 258.4 million), down from RMB 2.06 billion at the end of 2024 [18]. - Net cash used in operating activities was RMB 110.7 million in Q2 2025, compared to net cash generated of RMB 122.1 million in Q2 2024 [18].

Core Viewpoint - ZKH Group Limited has announced a new share repurchase program, allowing the company to buy back up to US$50 million worth of its shares over the next 12 months, reflecting confidence in its intrinsic value and long-term growth prospects [1][3]. Company Overview - ZKH Group Limited is a leading maintenance, repair, and operations (MRO) procurement service platform in China, leveraging robust supply chain capabilities and innovative technology to serve a global customer base [4]. - The company operates through multiple online platforms, including the ZKH platform, GBB platform, and Northsky platform, providing tailored MRO procurement solutions aimed at reducing costs and improving management efficiency [4]. Financial Strategy - The share repurchase program will be funded from the company's existing cash balance, indicating a strong financial position [2]. - The program is expected to be executed through various means, including open market purchases and privately negotiated transactions, depending on market conditions [2]. Management Commentary - The Chairman and CEO of ZKH expressed strong confidence in the company's business model and its ability to drive sustainable growth, supported by a healthy balance sheet and effective strategic execution [3].