ZKH Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	9,166	8,988	8,761	8,721	8,315	7,655
Revenue Growth (YoY)	3.73%	2.58%	0.46%	4.88%	8.63%	63.34%
Cost of Revenue	7,669	7,512	7,251	7,269	6,998	6,615
Gross Profit	1,498	1,476	1,510	1,452	1,318	1,040
Selling, General & Admin	1,497	1,523	1,680	1,675	1,763	1,894
Research & Development	155.25	165.52	169.5	175.92	240.53	256.42
Total Operating Expenses	1,653	1,689	1,849	1,851	2,003	2,150
Operating Income	-155.02	-213.34	-338.77	-398.72	-685.71	-1,110
Interest Income	45.22	50.09	64.25	53.7	14.56	28.28
Interest Expense	-11.26	-11.35	-19	-19.34	-94.18	-10.59
Other Non-Operating Income (Expense)	38.9	35.55	26.5	59.66	33.74	-1.16
Total Non-Operating Income (Expense)	72.86	74.28	71.74	94.02	-45.89	16.53
Pretax Income	-82.17	-139.05	-267.03	-304.71	-731.59	-1,094
Provision for Income Taxes	0.96	0.69	1.01	0.2	-	0.2
Net Income	-83.12	-139.74	-268.04	-304.9	-731.12	-1,094
Minority Interest in Earnings	-	-	-	-0.59	4.56	28.37
Net Income Attributable to Preferred Dividends	-	-	-	660.07	509.28	329.74
Net Income to Common	-83.12	-139.74	-268.04	-964.38	-1,245	-1,452
Shares Outstanding (Basic)	162	162	164	44	38	35
Shares Outstanding (Diluted)	162	162	164	44	38	35
Shares Change (YoY)	-1.06%	-0.88%	275.28%	15.36%	9.16%	7.20%
EPS (Basic)	-0.35	-0.70	-1.75	-22.05	-32.90	-42.00
EPS (Diluted)	-0.35	-0.70	-1.75	-22.05	-32.90	-42.00
Free Cash Flow	-	-44.25	149.91	-618.44	-541.25	-1,528
Free Cash Flow Per Share	-	-0.27	0.91	-14.16	-14.30	-44.06
Gross Margin	16.34%	16.42%	17.24%	16.65%	15.85%	13.58%
Operating Margin	-1.69%	-2.37%	-3.87%	-4.57%	-8.25%	-14.51%
Profit Margin	-0.91%	-1.55%	-3.06%	-3.50%	-8.79%	-14.29%
FCF Margin	-	-0.49%	1.71%	-7.09%	-6.51%	-19.96%
EBITDA	-155.02	-164.98	-284	-325.26	-609.63	-1,057
EBITDA Margin	-1.69%	-1.84%	-3.24%	-3.73%	-7.33%	-13.81%
EBIT	-155.02	-213.34	-338.77	-398.72	-685.71	-1,110
EBIT Margin	-1.69%	-2.37%	-3.87%	-4.57%	-8.25%	-14.51%
Effective Tax Rate	-1.16%	-0.50%	-0.38%	-0.06%	0.00%	-0.02%

SEC Filings: 10-K · 10-Q