ZKH Group Ltd (ZKH) Form 6-K — May 21, 2026
ZKH Group Limited reported first-quarter 2026 unaudited financial results showing net revenues of US$306.4 million, a 9.2% increase year-over-year, driven by a 12.9% rise in gross merchandise volume (GMV) to RMB2.45 billion. The company achieved its first-ever positive Non-GAAP adjusted net profit in a seasonally soft first quarter, reporting US$0.2 million in adjusted profit compared to a US$7.3 million loss in the prior year, signaling a significant operational turnaround. Operational efficiency improved markedly, with operating expenses declining 8.8% year-over-year to US$54.6 million, primarily due to lower fulfillment and R&D costs.
Key figures
- Revenue
- 306439000
- Revenue Yoy
- 9.2%
- Gross Profit
- 51300000
- Gmv
- 2452783000
- Gmv Yoy
- 12.9%
- Total Assets
- 907722000
- Non Gaap Ebitda
- 614000
- Repurchase Value
- 4760000
- Shares Repurchased
- 1480000
- Cash And Equivalents
- 155711000
- Non Gaap Adjusted Net Profit
- 244000
AI analysis
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