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ZKH Group Limited Loss At -RMB53.509 Mln In Q2

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

ZKH Group Limited (ZKH) revealed Loss for second quarter of -RMB53.509 million

The company's earnings came in at -RMB53.509 million, or -RMB0.01 per share. This compares with -RMB66.289 million, or -RMB0.01 per share, last year.

Excluding items, ZKH Group Limited reported adjusted earnings of -RMB36.533 million or -RMB0.01 per share for the period.

The company's revenue for the period fell 3.7% to RMB2.166 billion from RMB2.249 billion last year.

ZKH Group Limited earnings at a glance (GAAP) :

-Earnings: -RMB53.509 Mln. vs. -RMB66.289 Mln. last year.
-EPS: -RMB0.01 vs. -RMB0.01 last year.
-Revenue: RMB2.166 Bln vs. RMB2.249 Bln last year.

This decrease in revenue was mainly attributable to a decline in revenues from the marketplace model due to the prior year's high base, which included low-margin businesses with extended customer credit terms that have since been strategically optimized.

Net loss per ADS stood at RMB 0.33, compared with a loss of RMB 0.40 per ADS a year ago. Excluding items, loss narrowed to RMB 0.23 per ADS from the prior year’s loss of RMB 0.21 per ADS.

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