------------- ---------------------------- ------------- ----------------------------
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)
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