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ZKH Group reports 2.1% YoY revenue growth, 48% customer increase
ByAinvest
Thursday, Nov 20, 2025 5:03 am ET1min read
• ZKH Group reports Q3 2025 GMV of 2.62bln RMB, down 2.3% YoY. • GMV by platform: ZKH Platform (2.35bln RMB), GBB Platform (268mln RMB). • GMV by business model: Product Sales (3P) (2.29bln RMB), Marketplace (3P) (328mln RMB). • Number of customers increased 48.0% to 70,800. • Net revenues rose 2.1% to 2.33bln RMB. • Gross profit increased 0.5% to 390.18mln RMB. • Operating loss narrowed 69.3% to 32.34mln RMB. • Non-GAAP EBITDA loss of 8.45mln RMB.
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