ZKH Group (NYSE:ZKH) Posts Earnings Results

ZKH Group (NYSE:ZKH) issued its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, Zacks reports. ZKH Group had a negative return on equity of 2.82% and a negative net margin of 0.90%.The business 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

ZKH stock opened at $2.58 on Friday. ZKH Group has a 12 month low of $2.20 and a 12 month high of $3.90. The company has a current ratio of 1.79, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $3.04 and a 200 day moving average price of $3.24. The stock has a market cap of $334.60 million, a PE ratio of -32.25 and a beta of 0.49.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ZKH shares. Wall Street Zen raised shares of ZKH Group to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of ZKH Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ZKH Group has a consensus rating of “Sell”.

Hedge Funds Weigh In On ZKH Group

Large investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in shares of ZKH Group during the 2nd quarter worth about $33,000. Jane Street Group LLC purchased a new position in shares of ZKH Group during the 1st quarter worth about $66,000. Goldman Sachs Group Inc. purchased a new position in shares of ZKH Group during the 4th quarter worth about $106,000. Jain Global LLC purchased a new position in shares of ZKH Group during the 3rd quarter worth about $238,000. Finally, Invesco Ltd. bought a new stake in ZKH Group during the 4th quarter valued at about $291,000. 9.52% of the stock is owned by hedge funds and other institutional investors.

About ZKH Group

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.