ZKH Group Ltd. (ZKH)
NYSE NYSE Primary 
ZKH Group's Turnaround Comes With Plenty Of Risk
ZKH Group Limited is rated a speculative Buy as restructuring gains traction, with accelerating revenue, margin improvement, and private-label expansion. Q2 2026 marked ZKH's first quarterly operating profit; gross margin rose 110 bps to 17.6%; and private label reached 10% of GMV. Marketplace GMV surged 50.7% YoY, driven by deeper customer penetration, while operating expenses fell as a percentage of sales.
ZKH Group Limited (ZKH) Q2 2026 Earnings Call Transcript
ZKH Group Limited (ZKH) Q2 2026 Earnings Call Transcript
ZKH Group Q2 Earnings Call Highlights
ZKH Group NYSE: ZKH said second-quarter growth accelerated as demand from small and medium-sized enterprise customers, state-owned enterprises and several industrial sectors increased, while operating leverage helped the company post its first quarterly operating profit.
ZKH Group Limited (ZKH) Q1 2026 Earnings Call Transcript
ZKH Group Limited (ZKH) Q1 2026 Earnings Call Transcript
ZKH Group Limited (ZKH) Q3 2025 Earnings Call Transcript
ZKH Group Limited ( ZKH ) Q3 2025 Earnings Call November 20, 2025 7:00 AM EST Company Participants Jin Li - Head of Investor Relations Long Chen - Founder, CEO & Chairman of the Board of Directors Chun Chiu Lai - Chief Financial Officer Conference Call Participants Xiaodan Zhang - China International Capital Corporation Limited, Research Division Leo Chiang - Deutsche Bank AG, Research Division Ruchen Tang Presentation Operator Ladies and gentlemen, good day, and welcome to ZKH Group Limited Third Quarter 2025 Earnings Conference Call. Today's conference is being recorded.
