ZKH Group (NYSE:ZKH) Issues Earnings Results

ZKH Group (NYSE:ZKH) issued its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. ZKH Group had a negative return on equity of 4.67% and a negative net margin of 1.54%.The firm had revenue of $306.59 million during the quarter.

Here are the key takeaways from ZKH Group’s conference call:

• ZKH Group said GMV rose 12.9% year over year in Q1 2026 and revenue grew 9.2%, marking the second straight quarter of accelerated growth. Management also said Q2 GMV growth could accelerate further based on current order and shipment trends.
• The company reported a major profitability improvement, with adjusted net profit up 103% year over year to RMB 1.7 million and its first-ever profitable first quarter on an adjusted basis. Non-GAAP EBITDA also turned positive, while operating cash outflow narrowed significantly.
• Customer growth remained strong, with transacting customers up 11% to 66,000. SME GMV grew more than 20%, central SOE customer activity recovered to double-digit growth, and several key industries such as electrical manufacturing, communications electronics, and new energy each posted over 20% GMV growth.
• The company continues to expand its platform capabilities, increasing sellable SKUs to 27 million from 23 million at the end of the prior quarter. Private label GMV grew more than 20% and reached about 9.7% of total GMV, while fulfillment costs fell 17% year over year and warehouse efficiency improved 36%.
• Management reiterated its focus on AI-driven operations, including a target to build a large industrial knowledge graph, lift AI product-identification rates, and expand AI agents across sales, operations, and customer service. The company also said overseas revenue grew more than sixfold and that it is targeting full-year overseas breakeven.

ZKH Group Price Performance

Shares of ZKH Group stock opened at $2.91 on Friday. The firm has a fifty day simple moving average of $3.05 and a 200-day simple moving average of $3.25. The company has a current ratio of 1.79, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. ZKH Group has a 1-year low of $2.20 and a 1-year high of $3.90. The stock has a market capitalization of $377.40 million, a price-to-earnings ratio of -22.38 and a beta of 0.49.

Analyst Upgrades and Downgrades

ZKH has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of ZKH Group to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On ZKH Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in ZKH Group during the second quarter worth $33,000. Jane Street Group LLC bought a new position in ZKH Group during the first quarter worth $66,000. Goldman Sachs Group Inc. bought a new position in ZKH Group during the fourth quarter worth $106,000. Jain Global LLC bought a new position in ZKH Group during the third quarter worth $238,000. Finally, Invesco Ltd. bought a new position in ZKH Group during the fourth quarter worth $291,000. Institutional investors own 9.52% of the company’s stock.

ZKH Group Company Profile

ZKH Group Limited develops and operates a maintenance, repair, and operating (MRO) products trading and service platform that offers spare parts, chemicals, manufacturing parts, general consumables, and office supplies in the People’s Republic of China. The company provides MRO procurement and management services; digitalized MRO procurement solutions; and logistics and warehousing services. It also engages in the production and sale of intelligent warehousing equipment. ZKH Group Limited was founded in 1998 and is based in Shanghai, the People’s Republic of China.