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ZKH Group released the annual report for 2024: GMV of approximately 10.5 billion, achieving a net inflow of operational cash flow for the first time in the whole year.
On March 18, 2024, Peking time, China's leading MRO procurement service platform ZKH Group (NYSE: ZKH) released its fourth quarter and full year earnings reports for the fiscal year 2024, with several core indicators showing the company has achieved high-quality development amid strategic adjustments. The earnings report shows that ZKH Group achieved a GMV of 10.48 billion (RMB, the same below) for the year, with the GMV for the fourth quarter reaching 2.69 billion yuan, and the gross margin improving from 16.7% in 2023 to 17.2% in 2024. The adjusted net loss for the year significantly narrowed by 44% year-on-year to 0.16 billion RMB, and the adjusted net loss rate decreased from 3% in 2023.
ZKH Group (ZKH.US) reported Q4 revenue of 2.37 billion yuan with a year-on-year increase in customer numbers of 9.4%.
ZKH Group (ZKH.US) announced its performance for the fourth quarter of 2024 on Tuesday.
ZKH Group Q4 24 Earnings Conference Call At 8:00 AM ET
ZKH Group Reports Mixed Financial Results for 2024
Express News | ZKH Group Q4 Adj $0.01 Down From $0.06 YoY, Sales $324.70M Down From $344.22M YoY
ZKH Group | 6-K: Report of foreign private issuer (related to financial reporting)