ZKH Group Limited Sponsored ADR (ZKH)
NYSE:ZKH
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Earnings Data
Report Date
Aug 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.05Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized a clear operational and financial recovery: double‑digit GMV growth, top‑line acceleration, significant expense discipline, positive non‑GAAP EBITDA and a small non‑GAAP profit. Key strategic initiatives (SKU expansion, private label development, fulfillment automation and AI deployment) underpin confidence in sustained improvement. Near‑term weaknesses include a slight YoY gross margin decline driven by product mix, continued (though much smaller) operating loss on a GAAP basis, category-specific margin pressure, and limited current contribution from private labels and international profitability. Overall, the positives—meaningful revenue/GMV acceleration, strong cost reductions, productivity gains, improved cash flow and tangible AI/fulfillment progress—outweigh the lowlights, though some margin and concentration risks remain.Company Guidance
GMV Acceleration
GMV increased 12.9% year-over-year to RMB 2.45 billion, marking meaningful acceleration versus both the year-ago period and the prior quarter; management expects further acceleration in Q2 based on current order/shipment trends.
Revenue Recovery
Total revenues grew 9.2% year-over-year to RMB 2.11 billion, representing the company's strongest quarterly top-line growth in recent periods.
Adjusted Profitability and EBITDA Turnaround
Non-GAAP adjusted net profit reached RMB 1.7 million (versus a non-GAAP adjusted net loss of RMB 50.2 million a year ago), a ~103% year-over-year improvement cited by management; non-GAAP EBITDA turned positive at RMB 4.2 million versus negative RMB 52 million in the prior-year period.
Operating Loss Narrowed Significantly
Operating loss narrowed by 72.2% to RMB 22.5 million with operating loss margin improving to -1.1% from -4.2%, reflecting improved operating leverage and cost discipline.
Customer Base Expansion and Productivity Gains
Number of transacting customers increased 11% year-over-year to 66,000; GMV per effective employee increased by over 20% year-over-year, indicating meaningful workforce productivity improvement.
SME and Industry Segment Strength
GMV from SME customers increased more than 20% year-over-year; industry key accounts grew >20% YoY across major verticals (electrical manufacturing, communications, electronics, new energy, steel/non-ferrous metals); daily average order volume Jan–Apr up 100% for steel/non-ferrous metals, +45% communication electronics, +33% alternative energies.
GBB Platform & International Momentum
GBB platform GMV rose more than 30% year-over-year, expanding reach among distributors/resellers; international revenues increased more than sixfold year-over-year with month-over-month growth early in the year and management targeting breakeven for international business in 2026.
Supply, SKU Expansion and Private Label Growth
Sellable SKUs increased to 27 million from 23 million quarter-over-quarter; introduced >400 new private label SKUs in Q1; private label GMV grew over 20% year-over-year and accounted for ~9.7% of total GMV.
Fulfillment and Cost Efficiency Improvements
Warehouse utilization efficiency improved 36% year-over-year; comprehensive fulfillment expenses fell 17% year-over-year; fulfillment expenses declined 16.8% to RMB 77.6 million; total operating expenses decreased 8.8% year-over-year to RMB 376.5 million (17.8% of revenues versus 21.3% prior-year).
Stronger Liquidity and Cash Flow
Cash and cash equivalents, restricted cash and short-term investments totaled RMB 1.84 billion as of March 31, 2026; net cash used in operating activities narrowed to RMB 34 million versus RMB 97.1 million outflow a year ago.
AI & Technology Progress and Productivity Gains
Launched and scaled AI initiatives: >60 AI agents and RPA bots deployed in Q1 freeing 2,000+ human labor hours/month; ~30% of material matching/product identification in RFQ handled by AI today with a target to reach 70% overall by end of 2026 (80–90% for data-intensive lines); launched Hangjia Huiyan visual search engine and expanding vertical LLM capabilities.
ZKH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ZKH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 21, 2026 | $2.95 | $2.93 | -0.68% |
Mar 19, 2026 | $3.28 | $2.34 | -28.66% |
Nov 20, 2025 | $3.03 | $3.08 | +1.65% |
Aug 22, 2025 | $2.97 | $2.99 | +0.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ZKH Group Limited Sponsored ADR (ZKH) report earnings?
ZKH Group Limited Sponsored ADR (ZKH) is schdueled to report earning on Aug 21, 2026, Before Open (Confirmed).
What is ZKH Group Limited Sponsored ADR (ZKH) earnings time?
ZKH Group Limited Sponsored ADR (ZKH) earnings time is at Aug 21, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ZKH EPS forecast?
Currently, no data Available