Zhongkun Technology Announces $50M Share Repurchase Plan, 40% GMV Growth

Zhongkun Technology (ZKH.US) has unveiled a new share repurchase plan, authorized by its board of directors, with a deadline set for June 13, 2026. The company is permitted to repurchase up to $50 million of its shares, including American Depositary Shares, within the next 12 months. This move underscores the company's confidence in its intrinsic value and long-term growth prospects.

Chairman and CEO Chen Long emphasized that the new share repurchase plan is a testament to the company's belief in the robustness and resilience of its business model. Recent financial and operational performance has demonstrated the stability and durability of the company's operations, providing a solid foundation for sustainable growth. With a healthy balance sheet, strong cash flow, and effective strategic execution, Zhongkun Technology is well-positioned to drive business growth and create value for all stakeholders.

The company's first-quarter 2025 financial results exceeded market expectations, with improvements in revenue and profitability, as well as a significant enhancement in operating cash flow. Notably, the company's self-branded GMV surpassed 190 million yuan, marking a year-over-year increase of approximately 40%. The Zhongkun Technology platform maintained high activity levels, with over 60,000 total transacting customers, a 30.3% year-over-year increase, and a new quarterly high in customer numbers. Additionally, the company's overseas business saw accelerated development, with sales revenue and customer numbers both achieving month-over-month doubling growth.