profit from every $100 of sales.

ZKH Group
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
It has no yearly profit to compare the price with.
It holds more cash than debt.
Money in, money out
What ZKH Group sold, what it kept, and what it did with the cash.
Sales went from CN¥8.32 billion in 2022 to CN¥8.99 billion in 2025, with -CN¥140 million of profit last year.
ZKH Group vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
ZKH Group | No profit yet | ||
Alimentation Couche-Tard | 16.9× · Fair price | ||
Williams-Sonoma | 28.4× · Fair price | ||
Coupang | 137.8× · Very expensive | ||
Ulta Beauty | 24.4× · Fair price |
AI analysis
An AI analyst reads ZKH Group's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 8,315 | 8,721 | 8,761 | 8,988 | |
| 1,318 | 1,452 | 1,510 | 1,476 | |
| -686 | -399 | -339 | -213 | |
| -561 | -212 | -193 | -79 | |
| -736 | -304 | -268 | -140 | |
| -7.75 | -22.05 | -1.75 | -0.70 | |
| 15.8% | 16.7% | 17.2% | 16.4% | |
| -8.2% | -4.6% | -3.9% | -2.4% | |
| -8.8% | -3.5% | -3.1% | -1.6% |
Balance sheet
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 6,814 | 7,387 | 6,611 | 6,530 |
| Cash | 1,954 | 1,091 | 1,424 | 1,031 |
| Total debt | 571 | 831 | 549 | 427 |
| Total liabilities | 10,880 | 4,175 | 3,513 | 3,589 |
| -4,071 | 3,211 | 3,098 | 2,941 | |
| 161 | 44 | 164 | 162 | |
| – | -5.6% | -5.4% | -3.0% | |
| 18.1% | -9.5% | -8.7% | -4.8% |
Cash flow
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -504 | -568 | 229 | 9 | |
| 50 | 56 | 83 | 54 | |
| -554 | -624 | 146 | -45 | |
| Dividends paid | – | – | – | – |
| 0 | 0 | 41 | 41 | |
| 32 | 17 | 109 | 54 |
Valuation
- –
- 3.6×
- –
- 1.1×
- 0.1×
- –
- –
- -3.5%
- -10.9%
- 0.0%
Profitability
- 16.4%
- -2.4%
- -1.6%
- -1.7%
- -6.3%
- 11.1%
- -4.7%
- -2.1%
- -6.9%
- 1.8%
Growth
- +2.6%
- –
- −129.5%
- –
- +4.0%
Financial health
- -7.6×
- 0.15
- 6.5%
- -18.8×
- 1.79
- 1.60
- 1.37
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Mar 19, 2026 | 0.01 | 0.05 | −81.6% |
| Nov 20, 2025 | -0.01 | 0.03 | −137.5% |
| Aug 22, 2025 | -0.03 | 0.19 | −115.8% |
| May 20, 2025 | -0.04 | -0.33 | +87.9% |
| Mar 18, 2025 | -0.01 | -0.01 | +27.0% |
| Nov 22, 2024 | -0.06 | -0.02 | −200.0% |
| Aug 22, 2024 | -0.03 | -0.00 | −800.9% |
| May 21, 2024 | -0.04 | -0.44 | +90.9% |
News
Nebius Group (NBIS) Gets Gartner Backing Through A $13 Million AI Platform WinYahoo Finance · Nov 12, 2026What Nebius Group Buyers Were Betting OnYahoo Finance · Nov 10, 2026Analysts are cautious on Lucid Group after earningsSeeking Alpha · Nov 10, 2026Hesai Group reports mixed Q3 results; gives Q4 outlookSeeking Alpha · Nov 10, 2026Onity Group Q3 Earnings Call HighlightsYahoo Finance · Nov 7, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about ZKH Group
Is ZKH Group a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the ZKH Group AI analysis
What does ZKH Group do?
ZKH Group Limited develops and operates a maintenance, repair, and operating (MRO) products trading and service platform that offers spare parts, chemicals, manufacturing parts, general consumables, and office supplies in the People's Republic of China. It is in Specialty Retail.
Does ZKH Group pay a dividend?
No. ZKH Group does not pay a dividend at the moment; in 2025 it returned $41.0 million to shareholders by buying back its own shares.
Is ZKH Group stock halal?
No. ZKH Group does not pass our halal screen: its debt is 33% of its market value, at or above the 33% limit. How we check
How has ZKH Group stock done over the past year?
Down 59.3% over the past twelve months, to $1.22. It traded between $1.22 and $3.79 and is 67.8% below its high.
Who are ZKH Group's competitors?
The largest listed companies in the same industry are Alimentation Couche-Tard, Williams-Sonoma, Coupang and Ulta Beauty. The peers table on this page compares their profit, growth and price with ZKH Group's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.



