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NYSE · Consumer discretionary

ZKH Group Ltd (ZKH)

ZKH Group Ltd reported revenue of CN¥9B in fiscal 2025, up 2.6% from a year earlier. It posted a net loss of CN¥139.7M. In fiscal 2025 capital spending exceeded operating cash flow by CN¥44.3M. At December 31, 2025 it held CN¥1B in cash against CN¥45M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 24, 2026.

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Price
$1.34
+2.29% on the day · November 9, 2026
52-week range $1.23 to $3.90
Market cap
$213M
Revenue (FY2025)
CN¥9B
+2.6% year on year
Net margin
-1.6%

Key facts about ZKH Group Ltd

Net worth
ZKH Group Ltd has a market value (market cap) of $213M at the latest share price, and shareholders' equity of CN¥2.9B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was CN¥9B (+2.6% year on year), with a net loss of CN¥139.7M.
Cash flow
In fiscal 2025 operations brought in CN¥8.8M of cash; after CN¥53M of capital spending, free cash flow was -CN¥44.3M.
Latest report
The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 24, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What ZKH Group Ltd does

ZKH Group Ltd is registered with the SEC under industry code SIC 5200 (Retail-Building Materials, Hardware, Garden Supply). Its shares trade on NYSE under the ticker ZKH.

Revenue and profit by year

Revenue
FY21: CN¥7.7B CN¥7.7B FY21FY23: CN¥8.3B CN¥8.3B FY23FY23: CN¥8.7B CN¥8.7B FY23FY24: CN¥8.8B CN¥8.8B FY24FY25: CN¥9B CN¥9B FY25
Net income
FY21: -CN¥1.1B -CN¥1.1B FY21FY23: -CN¥735.7M -CN¥735.7M FY23FY23: -CN¥304.3M -CN¥304.3M FY23FY24: -CN¥268M -CN¥268M FY24FY25: -CN¥139.7M -CN¥139.7M FY25

Fiscal years as reported in annual reports. Amounts in CNY.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025CN¥9B-CN¥213.3M-CN¥139.7M-CN¥0.02-CN¥44.3M
2024CN¥8.8B-CN¥338.8M-CN¥268M-CN¥0.05CN¥149.9M
2023CN¥8.7B-CN¥398.7M-CN¥304.3M-CN¥0.63-CN¥618.4M
2023CN¥8.3B-CN¥685.7M-CN¥735.7M-CN¥0.94-CN¥541.3M
2021CN¥7.7B-CN¥1.1B-CN¥1.1B-CN¥1.20-CN¥1.5B

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where ZKH ranks in Consumer discretionary

Revenue growth+2.6%
#517 of 952 in Consumer discretionary · Bottom 46%
Net margin-1.6%
#670 of 968 in Consumer discretionary · Bottom 31%
Free cash flow margin-0.5%
#634 of 853 in Consumer discretionary · Bottom 26%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Latest SEC filings

What ZKH Group Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 5, 2026
  2. August 21, 2026
  3. July 20, 2026
  4. June 15, 2026
  5. May 21, 2026
  6. April 24, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 2.6% to 9B CNY versus the prior year; diluted EPS -0.02 CNY versus -0.05 CNY.
  7. March 19, 2026
  8. February 13, 2026
  9. February 5, 2026
  10. November 20, 2025

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 15, 2026. Insider transactions on SEC

Insider trades

What the people running ZKH Group Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $831.6K worth of shares in the last 90 days and bought none on the open market.

Bought (open market)
$0
last 90 days
Sold
$831.6K
last 90 days
Net sold
9,961,910
$831.6K
DateInsiderWhatSharesPriceValueFiling
September 11, 2026 Han YunjieDirector Sold 9,289,000 $0.08 $774.7K Form 4
September 9, 2026 Han YunjieDirector Sold 672,910 $0.08 $56.9K Form 4
August 31, 2026 Han YunjieDirector Received as pay 9,999,990 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns ZKH

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
FIL Limited13G, passive with 2 related filers 6% 266,765,940 February 5, 2026

Latest filings below 5%: RAYS Capital Partners Ltd 4.5% (February 13, 2026); Tiger Global Private Investment Partners X, L.P. 0% (November 14, 2025).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

1 insiders reported holding 1,538,180 shares in total, about $2.1M at the last price.

HolderSharesAs of
Han YunjieDirector 1,538,180 September 11, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about ZKH

What does ZKH Group Ltd do?

ZKH Group Ltd is a company in the Consumer discretionary sector, listed on NYSE as ZKH. Its shares trade on NYSE under the ticker ZKH.

What is ZKH Group Ltd's net worth?

ZKH Group Ltd has a market value (market cap) of $213M at the latest share price, and shareholders' equity of CN¥2.9B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is ZKH Group Ltd profitable?

No. In fiscal 2025 it reported a net loss of CN¥139.7M on revenue of CN¥9B.

How much revenue does ZKH Group Ltd make?

In fiscal 2025 ZKH Group Ltd reported revenue of CN¥9B. That is 2.6% more than a year earlier.

When did ZKH Group Ltd last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 24, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the passive stake changed from November 5, 2026.

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Where the numbers come from

Financial figures are the values ZKH Group Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.