ZKH Group Limited Sponsored ADR (ZKH) has released an update.
ZKH Group Limited reported a slight 1.0% decrease in first-quarter GMV year over year, alongside an increase in customer base by 29% to over 46,000 and improved gross margins by 89.5 basis points. Net revenues dipped by 4.0%, influenced by a strategic focus on high-quality revenue and the timing of the Chinese New Year. The company experienced its eighth consecutive quarter of year-over-year margin improvement, with adjusted net loss narrowing significantly.
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