-------------  ----------------------------  -------------  ---------------------------- 
                         RMB            RMB            US$            RMB            RMB            US$ 
Net revenues 
Net product 
 revenues               2,163,403      2,207,277        314,534      6,016,617      6,146,017        875,800 
Net service 
 revenues                  79,887         57,666          8,217        208,820        193,481         27,571 
Other revenues             21,711         15,747          2,244         51,777         51,597          7,353 
                    -------------  -------------  -------------  -------------  -------------  ------------- 
Total net revenues      2,265,001      2,280,690        324,995      6,277,214      6,391,095        910,724 
Cost of revenues      (1,895,587)    (1,892,284)      (269,648)    (5,241,931)    (5,285,622)      (753,195) 
Operating expenses 
Fulfillment             (113,554)      (100,176)       (14,275)      (331,136)      (296,621)       (42,268) 
Sales and 
 marketing              (182,269)      (168,161)       (23,963)      (530,765)      (489,963)       (69,819) 
Research and 
 development             (44,356)       (49,785)        (7,094)      (138,074)      (128,052)       (18,247) 
General and 
 administrative         (150,669)      (175,639)       (25,028)      (427,253)      (497,019)       (70,825) 
                    -------------  -------------  -------------  -------------  -------------  ------------- 
Loss from 
 operations             (121,434)      (105,355)       (15,013)      (391,945)      (306,182)       (43,630) 
Interest and 
 investment 
 income                    13,868         17,279          2,462         43,285         49,779          7,093 
Interest expense          (5,187)        (4,967)          (708)       (12,787)       (16,184)        (2,306) 
Others, net                15,141         11,883          1,693         36,573         34,391          4,901 
                    -------------  -------------  -------------  -------------  -------------  ------------- 
Loss before income 
 tax                     (97,612)       (81,160)       (11,566)      (324,874)      (238,196)       (33,942) 
Income tax 
 expenses                    (74)          (591)           (84)          (255)          (745)          (106) 
                    -------------  -------------  -------------  -------------  -------------  ------------- 
Net loss                 (97,686)       (81,751)       (11,650)      (325,129)      (238,941)       (34,048) 
Less: net loss 
 attributable to 
 non- 
   controlling 
 interests                  (587)              -              -          (349)              -              - 
Less: net loss 
 attributable to 
 redeemable 
   non-controlling 
 interests                      -              -              -          (193)              -              - 
Net loss 
 attributable to 
 ZKH Group 
      Limited            (97,099)       (81,751)       (11,650)      (324,587)      (238,941)       (34,048) 
Accretion on 
 preferred shares 
 to  redemption 
 value                  (104,397)              -              -      (580,200)              -              - 
Net loss 
 attributable to 
 ZKH Group 
      Limited's 
 ordinary 
 shareholders           (201,496)       (81,751)       (11,650)      (904,787)      (238,941)       (34,048) 
                    =============  =============  =============  =============  =============  ============= 
 
Net loss                 (97,686)       (81,751)       (11,650)      (325,129)      (238,941)       (34,048) 
Other 
comprehensive 
loss/(income): 
Foreign currency 
 translation 
 adjustments               10,607         34,122          4,862       (49,613)         21,651          3,085 
Total 
 comprehensive 
 loss                    (87,079)       (47,629)        (6,788)      (374,742)      (217,290)       (30,963) 
Less: 
 comprehensive 
 loss attributable 
   to 
 non-controlling 
 interests                  (587)              -              -          (349)              -              - 
Less: 
 comprehensive 
 loss attributable 
 to   redeemable 
 non-controlling 
 interests                      -              -              -          (193)              -              - 
                    -------------  -------------  -------------  -------------  -------------  ------------- 
Comprehensive loss 
 attributable to 
 ZKH      Group 
 Limited                 (86,492)       (47,629)        (6,788)      (374,200)      (217,290)       (30,963) 
Accretion on 
 Preferred Shares 
 to    redemption 
 value                  (104,397)              -              -      (580,200)              -              - 
                    -------------  -------------  -------------  -------------  -------------  ------------- 
Total 
 comprehensive 
 loss attributable 
 to     ZKH Group 
 Limited's 
 ordinary 
     shareholders       (190,889)       (47,629)        (6,788)      (954,400)      (217,290)       (30,963) 
                    =============  =============  =============  =============  =============  ============= 
 
Net loss per 
ordinary share 
attributable 
     to ordinary 
shareholders 
Basic and diluted          (0.15)         (0.01)         (0.00)         (0.68)         (0.04)         (0.01) 
Weighted average 
number of shares 
Basic and diluted   1,322,404,244  5,743,094,981  5,743,094,981  1,322,404,244  5,744,351,364  5,744,351,364 
 
Net loss per ADS 
attributable to 
     ordinary 
shareholders 
Basic and diluted          (5.33)         (0.50)         (0.07)        (23.95)         (1.46)         (0.21) 
Weighted average 
number of ADS (35 
     Class A 
ordinary shares 
equal to 1 
     ADS) 
Basic and diluted      37,782,978    164,088,428    164,088,428     37,782,978    164,124,325    164,124,325 
 
 
                                             ZKH GROUP LIMITED 
 
                                RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS 
                 (All amounts in thousands, except share, ADS, per share and per ADS data) 
 
                            For the three months ended                    For the nine months ended 
                    -------------------------------------------  ------------------------------------------- 
                    September 30,                                September 30, 
                        2023            September 30, 2024           2023            September 30, 2024 
                    -------------  ----------------------------  -------------  ---------------------------- 
                         RMB            RMB            US$            RMB            RMB            US$ 
 
Net loss                 (97,686)       (81,751)       (11,650)      (325,129)      (238,941)       (34,048) 
Income tax 
 expenses                      74            591             84            255            745              9 
Interest expenses           5,187          4,967            708         12,787         16,184          2,306 
Depreciation and 
 amortization 
   expenses                16,333         13,381          1,907         56,919         42,084          5,997 
Non-GAAP EBITDA          (76,092)       (62,812)        (8,951)      (255,168)      (179,928)       (25,736) 
                    =============  =============  =============  =============  =============  ============= 
 
 
                            For the three months ended                    For the nine months ended 
                    -------------------------------------------  ------------------------------------------- 
                    September 30,                                September 30, 
                        2023            September 30, 2024           2023            September 30, 2024 
                    -------------  ----------------------------  -------------  ---------------------------- 
                         RMB            RMB            US$            RMB            RMB            US$ 
 
Net loss                 (97,686)       (81,751)       (11,650)      (325,129)      (238,941)       (34,048) 
Add: 
Share-based 
 compensation 
 expenses                   (988)         15,573          2,219         10,084         94,447         13,459 
Non-GAAP adjusted 
 net loss                (98,674)       (66,178)        (9,431)      (315,045)      (144,494)       (20,589) 
                    =============  =============  =============  =============  =============  ============= 
 
Non-GAAP adjusted 
net loss 
     attributable 
to ordinary 
shareholders 
     per share 
Basic and diluted          (0.07)         (0.01)         (0.00)         (0.24)         (0.03)         (0.00) 
Weighted average 
number of ordinary 
     shares 
Basic and diluted   1,322,404,244  5,743,094,981  5,743,094,981  1,322,404,244  5,744,351,364  5,744,351,364 
Non-GAAP adjusted 
net loss 
     attributable 
to ordinary 
shareholders 
     per ADS 
Basic and diluted          (2.61)         (0.40)         (0.06)         (8.34)         (0.88)         (0.13) 
Weighted average 
number of ADS (35 
     Class A 
ordinary shares 
equal to 1 
     ADS) 
Basic and diluted      37,782,978    164,088,428    164,088,428     37,782,978    164,124,325    164,124,325 
 

View original content:https://www.prnewswire.com/news-releases/zkh-group-limited-announces-third-quarter-2024-unaudited-financial-results-302314020.html

SOURCE ZKH Group Limited

(END) Dow Jones Newswires

November 22, 2024 05:00 ET (10:00 GMT)