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Stock impact report

ZKH Group Ltd (ZKH) Q4 2025 Earnings Call Highlights: A Return to Profitability and Strategic ... [Yahoo! Finance]

ZKH Group Limited (ZKH) 
Company Research Source: Yahoo! Finance
For the complete transcript of the earnings call, please refer to the full earnings call transcript Positive Points ZKH Group Ltd ( NYSE:ZKH ) returned to profitability in Q4 2025 with an adjusted net profit of RMB14.8 million. The company achieved positive operating cash flow in both Q4 and the full year 2025, enhancing financial resilience. GMV grew by 8.5% year over year and 11% sequentially in Q4, with expectations for double-digit growth in Q1 2026. The number of transacting customers increased by 60% year over year, reaching approximately 74,000. ZKH Group Ltd ( NYSE:ZKH ) expanded its international presence, with GMV from international business growing by 50% sequentially. Negative Points Gross profit margin in Q4 decreased to 15.5% from 17.1% in the same period last year, due to unfavorable changes in product mix. Full-year GMV declined by 3.3% year over year, primarily due to strategic optimization impacts in the first half of the year. Operating loss for Show less Read more
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