ZKH Group LtdZKH
What ZKH Group Ltd does.
We are a leading MRO procurement service platform built upon strong supply chain capabilities, servicing customers internationally through a product-led, agentic AI-driven approach. Reducing high procurement costs, solving systematic management efficiency challenges, and revolutionizing the opaque MRO procurement process are our top priorities. We strive to create a fully integrated cycle of MRO procurement, warehousing, and fulfillment, by leveraging our comprehensive selection of readily available MRO products, robust fulfillment capabilities, and cutting-edge agentic AI tools, powered by our deep industry know-how and purpose-built supply chain infrastructure.
We believe our market leadership roots in our ability to efficiently curate and timely deliver superior products optimally aligned with our customers’ demands through a transparent, intuitive, and intelligent procurement experience. We provide MRO procurement solutions to a large, diversified and loyal customer base mainly through our two major online platforms in China, ZKH platform and GBB platform . We directly served over 155,000 customers on our ZKH platform and GBB platform in 2025, representing an increase of approximately 85.6% from 2024. Our coveted customer base includes large corporations (including multi-national corporations), small- and mid-sized enterprises (“SMEs”), state-owned enterprises (“SOEs”), and retailers and micro businesses from various industry sectors. Our loyal, diversified customer base supported a resilient business performance in 2025 despite challenges in the demand environment, enabling our GMV to reach approximately RMB10.1 billion, with a 96.6% retention rate for our top 500 customers by GMV in 2025.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $7.7B | $8.3B | $8.7B | $8.8B | $9.0B |
| Net income | — | -$1.1B | -$735.7M | -$304.3M | -$268.0M | -$139.7M |
| Free cash flow | — | -$1.5B | -$541.3M | -$618.4M | $149.9M | -$44.3M |
More on ZKH.
- ZKH Group Ltd summary
- ZKH Group Ltd financial statements
- ZKH Group Ltd key metrics
- ZKH Group Ltd health scores and style box
- ZKH Group Ltd earnings
- ZKH Group Ltd dividends
- ZKH Group Ltd valuation
- ZKH Group Ltd ownership and insiders
- ZKH Group Ltd peers
Figures from ZKH Group Ltd's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.