ZKH Group Limited Sponsored ADR (ZKH) has released an update.
ZKH Group Limited, a prominent MRO procurement service platform in China, reports a strong close to fiscal year 2023 with significant growth in gross merchandise volume (GMV), an improved gross margin, and a turn to profitability in Q4. The company’s successful expansion and digitalization efforts have set the stage for the launch of its overseas operations in the United States in the second half of 2024. Amidst a difficult macro environment, ZKH Group Limited’s performance highlights the MRO industry’s resilience and the company’s strategic advancements.
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