ZKH Group Limited (ZKH) — Financial statements
Income statement, balance sheet, and cash flow for ZKH Group Limited — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 8,743↓0.2% | 8,761↑0.5% | 8,721↑4.9% | 8,315↑8.6% | 7,655 | |
| Cost of Revenue | 7,307↑0.8% | 7,251↓0.2% | 7,269↑3.9% | 6,998↑5.8% | 6,615 | |
| Gross Profit | 1,435↓5.0% | 1,510↑4.0% | 1,452↑10.2% | 1,318↑26.7% | 1,040 | |
| Operating Expenses | ||||||
| R&D Expenses | 161↓5.0% | 169↓3.6% | 176↓26.9% | 241↓6.2% | 256 | |
| General & Administrative Expenses | 0.00↓100.0% | 647↑20.7% | 535↓12.5% | 612↓19.4% | 760 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 642↓8.5% | 701↑2.6% | 683↓0.9% | 690 | |
| SG&A Expenses | 1,482↑15.1% | 1,288↑4.2% | 1,236↓4.6% | 1,295↓10.6% | 1,449 | |
| Other Expenses | 0.00↓100.0% | 392↓10.8% | 439↓6.1% | 467↑5.1% | 445 | |
| Operating Expenses | 1,643↓11.2% | 1,849↓0.1% | 1,851↓7.6% | 2,003↓6.8% | 2,150 | |
| Total Costs & Expenses | 8,950↓1.6% | 9,100↓0.2% | 9,120↑1.3% | 9,001↑2.7% | 8,765 | |
| Operating Results | ||||||
| Operating Income | -208↓161.3% | 339↑185.0% | -399↑41.9% | -686↑38.2% | -1,110 | |
| Depreciation & Amortization | 0.00↓100.0% | 73↓0.0% | 73↓3.4% | 76↑43.5% | 53 | |
| EBITDA | -208↑21.8% | -265↓25.2% | -212↑62.3% | -561↑45.5% | -1,030 | |
| EBIT | -208↑38.7% | -339↓18.7% | -285↑55.2% | -637↑41.2% | -1,083 | |
| Interest & Other Income | ||||||
| Net Interest Income | 38↓16.7% | 45↑31.7% | 34↑143.2% | -80↓550.3% | 18 | |
| Interest Income | 49↓24.2% | 64↑19.6% | 54↑268.9% | 15↓48.5% | 28 | |
| Interest Expense | 11↓41.9% | 19↓1.8% | 19↓79.5% | 94↑789.1% | 11 | |
| Non-Operating Income | 0.00↓100.0% | 678↑697.7% | -113↓134.7% | -48↓78.1% | -27 | |
| Other Income / Expenses | 72↑0.7% | 72↓23.7% | 94↑304.9% | -46↓377.6% | 17 | |
| Income Before Tax | -135↑49.3% | -267↑12.4% | -305↑58.4% | -732↑33.1% | -1,094 | |
| Income Tax Expense | 0.67↓33.8% | 1↑419.5% | 0.20↑141.4% | -0.47↓335.5% | 0.20 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -136↑49.3% | -268↑12.1% | -305↑58.3% | -731↑33.2% | -1,094 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -136↑49.3% | -268↑11.9% | -304↑58.6% | -736↑34.5% | -1,122 | |
| Bottom-Line Net Income | -136↑49.3% | -268↑72.2% | -964↑22.5% | -1,245↑14.3% | -1,452 | |
| EPS (Basic) | -0.84↑48.8% | -1.64↑10.9% | -1.84↑77.1% | -8.05↑20.7% | -10.15 | |
| EPS (Diluted) | -0.84↑48.8% | -1.64↑10.9% | -1.84↑77.1% | -8.05↑20.7% | -10.15 | |
| Weighted Average Shares | 162↓0.9% | 164↑1.1% | 162↑7.1% | 151↑9.2% | 139 | |
| Weighted Average Diluted Shares | 162↓0.9% | 164↑1.1% | 162↑7.1% | 151↑9.2% | 139 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.