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ZKH Group Limited news covers the company’s MRO procurement platform, quarterly and annual financial results, operating metrics and updates on its digital procurement and fulfillment infrastructure. Recurring company updates discuss the ZKH platform, GBB platform, product sales and marketplace activity, customer categories, fulfillment-network efficiency and AI-supported procurement tools such as product recommendation capabilities.
Company news also includes foreign-issuer reporting items, including annual report announcements, earnings-call schedules, governance updates and disclosures related to its NYSE-listed American depositary shares.
ZKH Group (NYSE: ZKH), a leading MRO procurement service platform in China, has announced it will release its unaudited financial results for the second quarter of 2024 on Thursday, August 22, 2024, before the U.S. markets open. The company will hold an earnings conference call on the same day at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong Time) to discuss the financial results.
Investors can access the call through various toll-free and international numbers. A replay of the conference call will be available by phone for one week after the live call, until August 29, 2024. Additionally, a live and archived webcast of the conference call will be accessible on the company's investor relations website at https://ir.zkh.com.
ZKH Group (NYSE: ZKH) announced a US$50 million share repurchase program authorized by its board, allowing the repurchase of US$50 million of its American Depositary Shares over the next 12 months, ending June 13, 2025. The repurchases will be funded from the company's existing cash balance and may occur through various methods, including open market purchases, private negotiations, and block trades, depending on market conditions. Chairman and CEO Eric Long Chen stated that this move reflects the company's confidence in its business growth and future value creation, emphasizing a commitment to sustainable, profitable growth and enhancing shareholder value.
ZKH Group , a leading MRO procurement service platform in China, announced its unaudited financial results for Q1 2024, ending March 31. GMV declined slightly by 1% to RMB 2.35 billion. Net revenues decreased by 4% to RMB 1.86 billion, attributed to a focus on high-quality revenues and lower seasonal demand. Gross profit increased by 1% to RMB 334.1 million, with gross margin improving to 18%. The number of customers rose by 29% to over 46,000. Operating loss narrowed by 12.1% to RMB 129.6 million. The net loss decreased by 7.1% to RMB 90.9 million, and non-GAAP adjusted net loss reduced by 50% to RMB 43.5 million. The company invested in smart warehousing facilities and streamlined operations for long-term growth.
ZKH Group will announce its unaudited financial results for the first quarter of 2024 on May 21, 2024. The company, a leading maintenance, repair, and operations procurement service platform in China, will hold an earnings conference call to discuss the financial results on the same day.
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