tiprankstipranks
Company Announcements

ZKH Group Posts Strong Q2 Growth, Profitability Up

ZKH Group Limited Sponsored ADR (ZKH) has released an update.

Pick the best stocks and maximize your portfolio:

ZKH Group Limited reported an 8.5% increase in net revenues and a 5.6% rise in GMV in the second quarter of 2024, alongside a significant growth in customer numbers by 25.1%. The company also saw an improvement in gross profit by 14.3% and a notable reduction in net loss, suggesting a positive trend in profitability. These financial gains reflect ZKH’s strategic investments in supply chain, customer engagement, and digitalization in the MRO sector.

For further insights into ZKH stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskZKH Group Limited Reports Q3 2024 Financial Results
TipRanks Auto-Generated NewsdeskZKH Group Reports Growth in Revenues and Customer Base
TheFlyZKH Group enters cooperation agreement with Tmall
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App