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The latest update is out from ZKH Group Limited Sponsored ADR ( (ZKH) ).
On November 20, 2025, ZKH Group Limited announced its unaudited financial results for the third quarter ending September 30, 2025. The company reported a slight decrease in gross merchandise value (GMV) by 2.3% compared to the previous year, with a notable increase in its customer base by 48%. Despite a decline in marketplace GMV, the company saw a 3% increase in product sales and a 2.1% rise in net revenues. The company also achieved significant reductions in operating and net loss margins, supported by a robust cash inflow. ZKH’s strategic focus on AI integration, product expansion, and international market penetration, particularly in the U.S., positions it for future growth and enhanced shareholder value.
The most recent analyst rating on (ZKH) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on ZKH Group Limited Sponsored ADR stock, see the ZKH Stock Forecast page.
Spark’s Take on ZKH Stock
According to Spark, TipRanks’ AI Analyst, ZKH is a Neutral.
The overall stock score for ZKH is primarily influenced by its mixed financial performance and technical analysis. The company’s stable revenue growth and improved cash flow are positive, but profitability challenges and past negative equity are significant concerns. Technical indicators show some medium-term strength, but short-term trends are bearish. The negative P/E ratio and lack of dividend yield further weigh down the valuation score.
To see Spark’s full report on ZKH stock, click here.
More about ZKH Group Limited Sponsored ADR
ZKH Group Limited is a leading maintenance, repair, and operations (MRO) procurement service platform in China. The company focuses on providing a wide array of products and services to both large corporations and small-to-medium enterprises (SMEs), aiming to enhance supply chain efficiency and cost-effectiveness for its clients.
Average Trading Volume: 41,139
Technical Sentiment Signal: Hold
Current Market Cap: $491.3M
See more data about ZKH stock on TipRanks’ Stock Analysis page.

