ZKH Group Ltd (ZKH)
ZKH Group Limited manages an online marketplace and service platform in the People's Republic of China, specializing in maintenance, repair, and operating (MRO) products. This enterprise supplies a wide array of items, such as industrial spare parts, various chemicals, manufacturing components, general consumables, and office provisions. Additionally, ZKH Group provides extensive MRO procurement and management services, advanced digitalized purchasing solutions, and integrated logistics and warehousing support. The company is also involved in the manufacturing and distribution of intelligent warehousing technology. Established in 1998, ZKH Group Limited is based in Shanghai, China.
Sector: Retail-Building Materials, Hardware, Garden Supply
Industry: Specialty Retail
ZKH Group Limited
NYSE:ZKHConsumer Cyclical · Specialty Retail
-5.03%$1.70
AH Close$1.70+0.00%vs close
AH Close$1.70+0.00%vs close
Mkt Cap$268.21M
Float60.08M
O/S157.77M
Inst Own14.3%
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.35B
Net Income-$20.95M
Total Assets$979.58M
Free Cash Flow-$6.45M
Debt & Equity
Debt 13%
Equity 87%
Total Debt$64.06M
Total Equity$441.24M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ZKH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$979.58M
Liabilities$538.33M
Accounts Receivable$505.62M
Accounts Payable$407.88M
Inventory$100.48M
PP&E (Net)$50.85M
Goodwill$4.62M
Intangible Assets$4.87M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $1.35B | $1.31B | $1.31B | $1.25B | $1.15B | $702.58M |
| YoY Growth | 2.6% | 0.5% | 4.9% | 8.6% | 63.3% | - |
| Cost of Revenue | $1.13B | $1.09B | $1.09B | $1.05B | $991.69M | $600.59M |
| Gross Profit | $221.23M | $226.45M | $217.75M | $197.54M | $155.88M | $101.99M |
| Gross Margin | 16.4% | 17.2% | 16.7% | 15.8% | 13.6% | 14.5% |
| Research and Development | $24.81M | $25.41M | $26.37M | $36.06M | $38.44M | $22.43M |
| Selling, General, and Administrative | $174.1M | $193.11M | $185.34M | $194.21M | $217.27M | $103.99M |
| Other | $54.3M | $58.72M | $65.81M | $70.07M | $66.64M | $35.51M |
| Total Operating Expenses | $253.21M | $277.24M | $277.52M | $300.35M | $322.36M | $161.93M |
| Operating Income (EBIT) | -$31.98M | -$50.79M | -$59.78M | -$102.8M | -$166.48M | -$59.94M |
| Operating Margin | -2.4% | -3.9% | -4.6% | -8.2% | -14.5% | -8.5% |
| Interest Expense | $1.7M | $2.85M | $2.9M | $14.12M | $1.59M | $608K |
| Interest Income | $7.51M | $9.63M | $8.05M | $2.18M | $4.24M | $920K |
| Other Income (Expense) | $11.14M | $10.76M | $14.1M | -$6.88M | $2.48M | $686K |
| Income Before Tax (EBT) | -$20.85M | -$40.03M | -$45.68M | -$109.68M | -$164M | -$59.25M |
| Income Tax Expense | $103K | $152K | $29K | -$71K | $30K | $287K |
| Net Income | -$20.95M | -$40.18M | -$45.62M | -$110.29M | -$168.28M | -$60.23M |
| Net Income Margin | -1.6% | -3.1% | -3.5% | -8.8% | -14.7% | -8.6% |
| Supplementary Data | ||||||
| EPS | -0.84 | -61.25 | -1.84 | -8.05 | -10.15 | -833.70 |
| Diluted EPS | -0.84 | -61.25 | -1.84 | -8.05 | -10.15 | -833.70 |
| Weighted Average OS | 162.46M | 4.68M | 162.17M | 151.43M | 138.73M | 4.59M |
| EBITDA | -$11.9M | -$28.97M | -$31.77M | -$84.16M | -$154.46M | -$53.06M |
| EBITDA Margin | -0.9% | -2.2% | -2.4% | -6.8% | -13.5% | -7.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $163.88M | $213.48M | $163.51M | $292.98M | $80.66M | $294.04M |
| Short-Term Investments | $123.81M | $81.55M | $131.06M | $0 | $0 | $10.5M |
| Cash and Short-Term Investments | $287.69M | $295.03M | $294.57M | $292.98M | $80.66M | $304.54M |
| Accounts Receivable | $505.62M | $502.84M | $598.6M | $506.39M | $473.52M | $293.02M |
| Inventory | $100.48M | $93.76M | $100.29M | $98.35M | $114.38M | $67.17M |
| Other Current Assets | $2 | $17.22M | $49.15M | $27.92M | $100.4M | $97.18M |
| Total Current Assets | $920.82M | $928.03M | $1.04B | $941.98M | $791.34M | $761.92M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $50.85M | $56.12M | $57.16M | $69.66M | $91.41M | $66.51M |
| Goodwill | $4.62M | $4.62M | $4.62M | $4.62M | $4.62M | $4.62M |
| Intangible Assets | $4.87M | $4.01M | $3.01M | $5.24M | $3.19M | $2.46M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$1.58M | -$1.62M | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $58.75M | $63.13M | $64.79M | $79.53M | $99.23M | $73.59M |
| Other Assets | $1 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $979.58M | $991.15M | $1.11B | $1.02B | $890.56M | $835.5M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $407.88M | $381.71M | $431.05M | $383.1M | $293.7M | $228.39M |
| Short-Term Debt | $36.33M | $47.87M | $88.92M | $39.09M | $112.66M | $11.37M |
| Current Income Tax Payable | $0 | $1.48M | $2.67M | $16.83M | $9.32M | $0 |
| Current Unearned Revenue | $4.07M | $4.11M | $1.22M | $4.67M | $4.51M | $0 |
| Other Current Liabilities | $25.7M | $3.02M | $32.36M | $64.01M | $64.13M | $28.78M |
| Total Current Liabilities | $513.92M | $500.66M | $603.84M | $522.06M | $508.25M | $310.73M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $6.4M | $5.83M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $4.23M | $3.78M | $76K | $1.08B | $756.22M | $627K |
| Total Long-Term Liabilities | $24.41M | $25.97M | $22.11M | $1.11B | $796.99M | $36.66M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $538.33M | $526.63M | $625.95M | $1.63B | $1.31B | $347.39M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $706.45M |
| Common Stock | $600 | $600 | $600 | $150 | $150 | $150 |
| Retained Earnings | -$797.65M | -$775.21M | -$735.92M | -$603.29M | -$415.91M | -$220.1M |
| Comprehensive Income & Other | -$4.61M | $714K | -$2.87M | -$6.99M | $652K | -$66K |
| Other Stockholders' Equity | $1.24B | $1.24B | $1.22B | -$6.99M | $652K | $706.38M |
| Total Equity | $441.24M | $464.52M | $481.45M | -$610.28M | -$415.26M | $486.28M |
| Minority Interest | $0 | $0 | $0 | $635K | $585K | $1.83M |
| Total Liabilities and Equity | $979.58M | $991.15M | $1.11B | $1.02B | $889.98M | $833.67M |
| Supplementary Data | ||||||
| Total Debt | $64.06M | $82.25M | $124.64M | $85.6M | $172.97M | $61.83M |
| Net Debt | -$99.82M | -$131.22M | -$38.87M | -$207.38M | $92.32M | -$232.21M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$20.38M | -$40.18M | -$45.62M | -$109.61M | -$10.43M | -$59.54M |
| Depreciation & Amortization | $7.25M | $8.21M | $11.01M | $11.4M | $7.95M | $5.58M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $8.07M | $16.27M | $2.61M | $4.78M | $27.49M | $13.79M |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$11.43M | $93.13M | -$87.78M | -$37.08M | -$169M | -$115.41M |
| Inventory | -$11.04M | $2.65M | -$7.94M | $12.86M | -$49.36M | -$9.96M |
| Accounts Payable | $24.14M | $0 | $0 | $17.96M | $0 | $151.66M |
| Other Working Capital | $1.13M | -$55.05M | $33.56M | $7.81M | -$7.63M | $14.46M |
| Total Working Capital Change | $2.8M | $40.72M | -$62.16M | $1.56M | -$225.99M | $40.75M |
| Other Non-Cash Items | $3.55M | $9.32M | $9.01M | $16.27M | -$6.31M | $4.19M |
| Net Cash from Operating | $1.28M | $34.34M | -$85.15M | -$75.59M | -$207.3M | $4.77M |
| Investing Activities | ||||||
| Capital Expenditures | -$7.83M | -$11.87M | -$7.57M | -$5.55M | -$23.7M | -$8.52M |
| Acquisitions | $539K | $0 | $0 | $0 | -$1.54M | -$5.95M |
| Purchases of Investments | -$71.21M | -$15.72M | -$193.11M | -$14.99M | -$221.88M | -$39.73M |
| Sales of Investments | $31.18M | $69.25M | $64.56M | $15.01M | $232.21M | $45.68M |
| Other Investing Activities | $0 | -$268K | -$52K | -$18K | $757K | -$164K |
| Net Cash from Investing | -$47.32M | $41.39M | -$136.17M | -$5.55M | -$14.15M | -$8.68M |
| Financing Activities | ||||||
| Debt Repaid | -$740K | -$5.98M | - | -$207.52M | - | - |
| Common Stock Issuance | $0 | $0 | $57.83M | $0 | $0 | $0 |
| Common Stock Repurchases | -$5.98M | -$6.11M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $359K | $2.94M | -$756K | -$5.71M | -$2.05M | $300K |
| Net Cash from Financing | -$15.24M | -$38.27M | $107.3M | $195.3M | $26.18M | $273.82M |
| Forex Effect | $7.3M | $2.33M | $756K | $17.61M | -$1.3M | -$1.11M |
| Net Change in Cash | -$53.97M | $39.96M | -$113.26M | $131.77M | -$196.58M | $268.8M |
| Supplementary Data | ||||||
| Operating Cash Flow | $1.28M | $34.34M | -$85.15M | -$75.59M | -$207.3M | $4.77M |
| Capital Expenditure | -$7.74M | -$12.45M | -$8.33M | -$7.51M | -$23.7M | -$9.42M |
| Free Cash Flow | -$6.45M | $21.89M | -$93.48M | -$83.1M | -$231M | -$4.66M |
| Cash at Beginning | $217.86M | $187.46M | $300.72M | $168.95M | $365.52M | $96.73M |
| Cash at End | $163.88M | $227.41M | $187.46M | $300.72M | $168.95M | $365.52M |