ZKH Group Limited Sponsored ADR ( (ZKH) ) has shared an announcement.
ZKH Group Limited announced its unaudited financial results for the fourth quarter and fiscal year 2024, revealing a mixed performance. Despite a decline in gross merchandise value (GMV) and net revenues, the company saw an increase in customer numbers and improved profitability, driven by digitalization and AI advancements. The strategic business optimization initiatives impacted GMV growth, but the company remains optimistic about achieving full-year profitability for its domestic operations in 2025.
More about ZKH Group Limited Sponsored ADR
ZKH Group Limited is a prominent procurement service platform specializing in maintenance, repair, and operations (MRO) in China. The company focuses on providing comprehensive MRO solutions and has been expanding its market presence globally, particularly in the United States.
YTD Price Performance: 4.03%
Average Trading Volume: 43,427
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $592.9M
For an in-depth examination of ZKH stock, go to TipRanks’ Stock Analysis page.