Recent Updates — ZKH
ZKH Group Limited reported unaudited financial results for the second quarter ended June 30, 2026. Net revenues increased 12.8% year-over-year to RMB2,443.8 million (US$360.2 million). Gross profit rose 20.3% to RMB429.6 million, with gross margin expanding to 17.6%. The company achieved operating profitability for the first time, posting an operating income of RMB4.0 million compared to a loss in the prior year period. Net profit reversed to RMB26.7 million from a net loss of RMB53.5 million previously. GMV grew 18.9% to RMB2,877.5 million. The company also disclosed that it repurchased approximately 2.49 million ADSs for US$7.67 million under its existing share repurchase program.
ZKH Group Limited announced a leadership transition in its executive team on July 20, 2026. Chief Financial Officer Chiu Chun Lai resigned from the company for personal reasons, effective immediately. The Board of Directors appointed Qian Wang as the new Chief Financial Officer, effective the same day. Wang brings over 13 years of experience in corporate finance and investment banking, having previously held roles at CC Dental Group, J.P. Morgan, Morgan Stanley, BOC International, and The Royal Bank of Scotland. ZKH Group Limited is a maintenance, repair, and operations (MRO) procurement service platform in China.