ZKH Group Limited Reports Fourth Quarter Financial Growth and Expanded Profitability for Fiscal Year 2025
ZKH Group Limited's Financial Performance Overview
On March 19, 2026, ZKH Group Limited, a prominent MRO (Maintenance, Repair, and Operations) procurement service platform based in China, released its unaudited financial results for the fourth quarter and fiscal year that ended on December 31, 2025. This report not only reflects ZKH's financial health but also outlines a significant turnaround in its business operations.
Key Financial Highlights
Fourth Quarter 2025
- - Gross Merchandise Volume (GMV): The GMV for the fourth quarter was approximately RMB 2.92 billion, which represents an 8.5% increase compared to the same period the previous year. This indicates ZKH's robust sales channels, particularly within the SME (Small and Medium Enterprises) sector.
- - Net Revenues: ZKH reported net revenues of RMB 2.56 billion, marking a year-over-year increase of 7.9%. This upward trend showcases the company's effective strategies in boosting sales and customer engagement.
- - Net Profit: The company recorded a net profit of RMB 4.8 million, a remarkable improvement from the net loss of RMB 29.1 million in Q4 2024. This change reflects ZKH's effective cost management and operational restructuring.
Fiscal Year 2025
- - Overall Performance: For the fiscal year, ZKH's net revenues rose to RMB 8.99 billion, reflecting a 2.6% ascent from RMB 8.76 billion in 2024. This increase is credited to a broader customer base and increased efficiency across operations.
- - Operating Loss Reduction: The operating loss was narrowed down by 37% to RMB 213.3 million, compared to RMB 338.8 million in 2024. This indicates ZKH's ongoing efforts to enhance operational efficiency.
Employee and Infrastructure Growth
ZKH's workforce expanded significantly, with the number of customers soaring to 155,829, an 85.6% increase from the previous year. The company introduced over 5.7 million new sellable SKUs (Stock Keeping Units) during 2025, totaling approximately 23 million, further enhancing its product diversity across professional MRO categories.
AI Integration
Recognizing the vital role of technology, ZKH has steadfastly invested in AI capabilities. The company launched its first MRO vertical large language model named
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