ZKH Group revenue rises 12.8% to RMB2.44 billion

• ZKH Group reported Q2 2026 revenue of RMB2.44 billion, up 12.8% year over year, while GMV increased 18.9% to RMB2.88 billion.
• The company reported its first operating profit of RMB4 million and net profit of RMB26.7 million after prior-year losses.
• Marketplace GMV increased 50.7%, private-label GMV grew more than 25%, and international GMV increased tenfold in the first half of 2026.

ZKH Group (NYSE:ZKH) reported Q2 2026 net revenue of RMB2.44 billion, up 12.8% year over year, as gross profit and marketplace activity increased.

Gross profit rose 20.3% to RMB429.6 million, improving gross margin to 17.6% from 16.5% in the prior-year period.

The company recorded income from operations of RMB4 million compared with an operating loss a year earlier, while net profit reached RMB26.7 million and non-GAAP adjusted net profit totaled RMB38.5 million.

Marketplace GMV increased 50.7%, private-label GMV grew more than 25% and represented about 10% of total GMV, while international GMV increased tenfold during the first half of 2026.

ZKH Group reported non-GAAP EBITDA of RMB41.9 million and continued its US$50 million share repurchase program, purchasing approximately 2.49 million ADSs for US$7.67 million.

The company operates digital industrial product procurement platforms and provides supply chain services for businesses in China and overseas markets.