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Posted by
Two Blokes May 20, 2025 -
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SHANGHAI , May 20, 2025 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Operational and Financial Highlights in thousand RMB, except for number of customers, percentage and basis points ("bps") First Quarter 2024 2025 Change GMV[1] 2,348,640 2,171,997 -7.5 % GMV by Platform ZKH Platform 2,137,614 1,966,210 -8.0 % GBB Platform 211,026 205,787 -2.5 % GMV by Business Model Product Sales (1P) 1,775,732 1,901,196 7.1 % Marketplace (3P)[2] 572,908 270,800 -52.7 % Number of Customers[3] 46,135 60,102 30.3 % ZKH Platform 31,706 35,135 10.8 % GBB Platform 14,429 24,967 73.0 % Net Revenues 1,860,409 1,935,372 4.0 % Gross Profit 334,076 332,118 -0.6 % % of Net Revenues 18.0 % 17.2 % -79.7bps Operating Loss (129,613) (80,813) -37.7 % % of Net Revenues -7.0 % -4.2 % 279.1bps Non-GAAP EBITDA[4] (70,048) (51,959) -25.8 % % of Net Revenues -3.8 % -2.7 % 108.0bps Net Loss (90,901) (66,723) -26.6 % % of Net Revenues -4.9 % -3.4 % 143.9bps Non-GAAP Adjusted Net Loss[5] (43,459) (50,176) 15.5 % % of Net Revenues -2.3 % -2.6 % -25.7bps Mr.
