6-K - ZKH Group Limited | StockGist

AI Analysis

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ZKH Group Limited announced unaudited financial results for Q4 and FY2025 ended December 31, 2025, with Q4 net revenues of RMB2,557.2 million up 7.9% YoY and GAAP net profit of RMB4.8 million, while FY net revenues increased 2.6% YoY to RMB8,987.7 million. Results reflect customer growth of 59.8% in Q4 and 85.6% for the year, marking return to profitability.

Key Takeaways

1Q4 GMV RMB2,918,297 thousand, +8.5% YoY

2FY2025 GMV RMB10,133,428 thousand, -3.3% YoY

3Q4 net revenues RMB2,557,238 thousand, +7.9% YoY

4FY2025 net revenues RMB8,987,738 thousand, +2.6% YoY

5Q4 GAAP net profit RMB4,797 thousand vs net loss RMB29,102 thousand YoY

6Q4 customers 73,803, +59.8% YoY; FY2025 155,829, +85.6% YoY

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Results of Operations

Fourth Quarter and Fiscal Year 2025

Metric	Value	Basis	Prior Period
Net Revenues	$2.6M	GAAP	$2.4M
Net Revenues (Fiscal Year)	$9.0M	GAAP	$8.8M
Gross Profit	$396.4K	GAAP	$405.0K
Gross Profit (Fiscal Year)	$1.5M	GAAP	$1.5M
Gross Margin	15.5%	GAAP	17.1%
Operating Loss	$-28.2K	GAAP	$-32.6K
Operating Loss (Fiscal Year)	$-213.3K	GAAP	$-338.8K
Non-GAAP EBITDA	$19.7K	Non-GAAP	$-13.3K
Net Profit	$4.8K	GAAP	$-29.1K
Net Loss (Fiscal Year)	$-139.7K	GAAP	$-268.0K
Non-GAAP Adjusted Net Profit	$14.9K	Non-GAAP	$-15.0K
Basic and Diluted Net Profit per ADS	$0.03	GAAP	$-0.18
Non-GAAP Adjusted Basic and Diluted Net Profit per ADS	$0.09	Non-GAAP	$-0.09

Exhibits (2)

6-K

FORM 6-K

99.1

EXHIBIT 99.1