ZKH Group Ltd. reports Q3 revenue up 2.1% to RMB 2,328 million and net loss of RMB 24 million

Reuters11-20

ZKH Group Ltd. reports Q3 revenue up 2.1% to RMB 2,328 million and net loss of RMB 24 million

ZKH Group Ltd. reported its unaudited financial results for the third quarter ended September 30, 2025. Gross merchandise value (GMV) decreased by 2.3% year-over-year to RMB 2,622.9 million. Product Sales (1P) rose by 3.0% to RMB 2,294.2 million, while Marketplace (3P) GMV declined by 28.2% to RMB 328.7 million. The number of customers increased by 48.0% to 70,800. Net revenues grew by 2.1% to RMB 2,328.4 million. Gross profit was RMB 390.2 million, up 0.5%, representing 16.8% of net revenues. Operating loss narrowed by 69.3% to RMB 32.3 million. Net loss was RMB 24.3 million, a decrease of 70.3% from the previous year. Non-GAAP adjusted net loss reduced by 78.7% to RMB 14.1 million. The company noted margin improvements, expansion of its customer base across large corporations and SMEs, and continued investment in AI and overseas business development.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ZKH Group Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN29629) on November 20, 2025, and is solely responsible for the information contained therein.

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Gross merchandise value (GMV) decreased by 2.3% year-over-year to RMB 2,622.9 million. Product Sales (1P) rose by 3.0% to RMB 2,294.2 million, while Marketplace (3P) GMV declined by 28.2% to RMB 328.7 million. The number of customers increased by 48.0% to 70,800. Net revenues grew by 2.1% to RMB 2,328.4 million. Gross profit was RMB 390.2 million, up 0.5%, representing 16.8% of net revenues. Operating loss narrowed by 69.3% to RMB 32.3 million. Net loss was RMB 24.3 million, a decrease of 70.3% from the previous year. Non-GAAP adjusted net loss reduced by 78.7% to RMB 14.1 million. 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