ZKH Group Limited (ZKH)

ZKH Group Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	8,775	8,694	8,649	8,266	7,617	4,661
Other Revenue	61.03	67.14	72.16	48.81	37.86	25.62
Revenue	8,836	8,761	8,721	8,315	7,655	4,686
Revenue Growth (YoY)	2.24%	0.46%	4.88%	8.63%	63.34%	-
Cost of Revenue	7,328	7,251	7,269	6,998	6,615	4,006
Gross Profit	1,509	1,510	1,452	1,318	1,040	680.27
Selling, General & Admin	1,629	1,680	1,675	1,763	1,894	930.49
Research & Development	169.27	169.5	175.92	240.53	256.42	149.59
Operating Expenses	1,798	1,849	1,851	2,003	2,150	1,080
Operating Income	-289.97	-338.77	-398.72	-685.71	-1,110	-399.81
Interest Expense	-15.66	-19	-19.34	-94.18	-10.59	-4.06
Interest & Investment Income	59.47	64.25	53.7	14.56	28.28	6.14
Currency Exchange Gain (Loss)	-12.21	-12.21	-11.06	13.73	-8.21	-7.03
Other Non Operating Income (Expenses)	15.68	38.71	70.72	20	7.48	10.17
EBT Excluding Unusual Items	-242.69	-267.03	-304.71	-731.59	-1,093	-394.6
Gain (Loss) on Sale of Assets	-	-	-	-	-0.43	-0.64
Pretax Income	-242.69	-267.03	-304.71	-731.59	-1,094	-395.23
Income Tax Expense	1.17	1.01	0.2	-0.47	0.2	1.91
Earnings From Continuing Operations	-243.87	-268.04	-304.9	-731.12	-1,094	-397.15
Minority Interest in Earnings	-	-	0.59	-4.56	-28.37	-4.58
Net Income	-243.87	-268.04	-304.31	-735.68	-1,122	-401.73
Preferred Dividends & Other Adjustments	-	-	660.07	509.28	329.74	184.46
Net Income to Common	-243.87	-268.04	-964.38	-1,245	-1,452	-586.19
Shares Outstanding (Basic)	164	164	44	38	35	32
Shares Outstanding (Diluted)	164	164	44	38	35	32
Shares Change (YoY)	117.76%	275.28%	15.36%	9.16%	7.20%	-
EPS (Basic)	-1.49	-1.64	-22.08	-32.88	-41.87	-18.12
EPS (Diluted)	-1.49	-1.64	-22.08	-32.88	-41.87	-18.12
Free Cash Flow	-	149.91	-618.44	-541.25	-1,528	-25.04
Free Cash Flow Per Share	-	0.92	-14.16	-14.30	-44.06	-0.77
Gross Margin	17.07%	17.24%	16.65%	15.85%	13.58%	14.52%
Operating Margin	-3.28%	-3.87%	-4.57%	-8.25%	-14.51%	-8.53%
Profit Margin	-2.76%	-3.06%	-11.06%	-14.97%	-18.97%	-12.51%
Free Cash Flow Margin	-	1.71%	-7.09%	-6.51%	-19.96%	-0.53%
EBITDA	-239.87	-284	-325.26	-609.63	-1,057	-362.58
EBITDA Margin	-2.71%	-3.24%	-3.73%	-7.33%	-13.81%	-7.74%
D&A For EBITDA	50.09	54.77	73.47	76.07	53.03	37.23
EBIT	-289.97	-338.77	-398.72	-685.71	-1,110	-399.81
EBIT Margin	-3.28%	-3.87%	-4.57%	-8.25%	-14.51%	-8.53%
Revenue as Reported	8,836	8,761	8,721	8,315	7,655	4,686
Advertising Expenses	-	32.33	34.83	18.73	50.41	10.7

Updated May 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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