← ZKH Group Ltd
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
| Net Income From Continuing Operations | — | ($731.1m) | ($304.9m) | ($268.0m) | ($139.7m) | ($139.7m) | |
| Net loss | ($1.1b) | ($731.1m) | ($304.9m) | ($268.0m) | ($139.7m) | — | |
| Net Income (Loss) Attributable to Parent | — | ($735.7m) |
($304.3m)
+58.64%
|
($268.0m)
+11.92%
|
($139.7m)
+47.87%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($1.2b) |
($964.4m)
+22.54%
|
($268.0m)
+72.21%
|
($139.7m)
+47.87%
|
— | |
| Depreciation, Depletion and Amortization | $53.0m | $76.1m | $73.5m | $54.8m | $48.4m | $48.4m | |
| Amortization of Intangible Assets | — | $8.2m | $8.9m | $7.6m | $7.0m | — | |
| Depreciation | $53.0m | $67.9m | $64.6m | $47.2m | $41.5m | $47.2m | |
| Amortization Cash Flow | $6.4m | $8.2m | $8.9m | $7.6m | — | — | |
| Amortization Of Intangibles | $6.4m | $8.2m | $8.9m | $7.6m | — | $7.6m | |
| Depreciation Amortization Depletion | — | $76.1m | $73.5m | $54.8m | $48.4m | $48.4m | |
| Share-based Payment Arrangement, Noncash Expense | — | $31.9m | $17.4m | $108.5m | $53.8m | $53.8m | |
| Share-based Payment Arrangement, Expense | — | $31.9m | $17.4m | $108.5m | $53.8m | $53.8m | |
| Share-based compensation expense | $183.3m | $31.9m | $17.4m | $108.5m | $53.8m | $53.8m | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $31.4m | |
| Impairment of Intangible Assets, Finite-lived | — | $0 | $0 | $0 | $0 | — | |
| Asset Impairment Charge | — | $21.1m | $40.0m | $25.9m | $31.4m | $31.4m | |
| Other Nonoperating Income (Expense) | — | $33.7m | $59.7m | $26.5m | $35.5m | — | |
| Changes in operating assets and liabilities: | |||||||
| Change In Working Capital | — | $10.4m | ($414.6m) | $271.6m | $19.2m | $19.2m | |
| Increase (Decrease) in Accounts Receivable | — | $333.1m | $585.5m | ($502.4m) | $199.3m | ($78.4m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $28.0m | $12.8m | $48.9m | $32.9m | ($78.4m) | |
| Accounts receivable | ($1.1b) | ($333.1m) | ($585.5m) | $502.4m | ($199.3m) | ($78.4m) | |
| Change In Receivables | — | ($247.3m) | ($627.8m) | $621.2m | ($78.4m) | ($78.4m) | |
| Changes In Account Receivables | — | ($333.1m) | ($585.5m) | $502.4m | ($199.3m) | ($78.4m) | |
| Increase (Decrease) in Inventories | — | ($85.8m) | $53.0m | ($17.7m) | $75.7m | ($75.7m) | |
| Inventory Write-down | — | $21.1m | $40.0m | $25.9m | $31.4m | — | |
| Write-down of inventories | $14.3m | $21.1m | $40.0m | $25.9m | $31.4m | — | |
| Inventories | ($329.2m) | $85.8m | ($53.0m) | $17.7m | ($75.7m) | ($75.7m) | |
| Change In Inventory | — | $85.8m | ($53.0m) | $17.7m | ($75.7m) | ($75.7m) | |
| Increase (Decrease) in Accounts Payable | — | $119.8m | $317.2m | ($330.0m) | $165.5m | — | |
| Change In Payables And Accrued Expense | — | $149.2m | $224.7m | ($360.9m) | $192.2m | $165.5m | |
| Accrued capital expenditures | — | $37.0m | $50.5m | $79.2m | $53.0m | — | |
| Accrued expenses and other liabilities | $116.7m | $29.3m | ($92.5m) | ($30.9m) | $26.6m | — | |
| Change In Accrued Expense | — | $29.3m | ($92.5m) | ($30.9m) | $26.6m | $26.6m | |
| Prepayments and other current assets | ($58.7m) | $21.6m | $52.0m | ($11.3m) | ($8.2m) | — | |
| Change In Other Current Assets | — | $92.3m | $72.7m | $45.2m | $38.0m | $38.0m | |
| Change In Other Current Liabilities | — | ($92.1m) | ($72.0m) | ($47.7m) | ($48.4m) | ($48.4m) | |
| Net Cash Provided by (Used in) Operating Activities | ($1.4b) |
($504.2m)
+63.54%
|
($567.9m)
-12.64%
|
$229.1m
+140.33%
|
$8.8m
-96.16%
|
$8.8m
0.00%
|
|
| Cash flows from investing activities: | |||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $5.0m | ($175k) | ($3.0m) | ($659k) | $629k | ($37.1m) | |
| Payments to Acquire Property, Plant, and Equipment | ($145.2m) | $37.0m | $50.5m | $79.2m | $53.0m | ($53.7m) | |
| Unrealized Gain (Loss) on Investments | — | $0 | $0 | $23.8m | $20.0m | — | |
| Purchase of short-term investments | ($1.5b) | ($100.0m) | ($1.3b) | ($104.9m) | ($488.3m) | — | |
| Maturity of short-term investments | $1.5b | $100.1m | $430.6m | $461.9m | $213.8m | — | |
| Net cash (used in)/provided by investing activities | ($94.4m) | ($37.0m) | ($908.3m) | $276.1m | ($324.5m) | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($37.0m) | ($908.3m) | $276.1m | ($324.5m) | ($324.5m) | |
| Cash flows from financing activities: | |||||||
| Proceeds from short-term borrowings | $404.2m | $764.2m | $1.1b | $897.0m | $589.8m | — | |
| Repayment of short-term borrowings | ($215.8m) | ($807.6m) | ($779.0m) | ($1.2b) | ($660.8m) | — | |
| Proceeds from long-term borrowings | — | — | — | $39.9m | $5.1m | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | $39.9m | $5.1m | $5.1m | |
| Issuance Of Debt | — | $2.1b | $1.1b | $936.9m | $594.9m | $5.1m | |
| Long Term Debt Issuance | — | $1.4b | $0 | $39.9m | $5.1m | $5.1m | |
| Net Issuance Payments Of Debt | — | $1.3b | $335.0m | ($234.1m) | ($65.9m) | ($65.9m) | |
| Net Short Term Debt Issuance | — | ($43.4m) | $335.0m | ($274.0m) | ($71.0m) | ($71.0m) | |
| Short Term Debt Issuance | — | $764.2m | $1.1b | $897.0m | $589.8m | $589.8m | |
| Repayment Of Debt | — | ($807.6m) | ($779.0m) | ($1.2b) | ($660.8m) | ($660.8m) | |
| Short Term Debt Payments | — | ($807.6m) | ($779.0m) | ($1.2b) | ($660.8m) | ($660.8m) | |
| Issuance Of Capital Stock | — | $0 | $385.8m | $0 | $0 | $0 | |
| Repurchase Of Capital Stock | — | $0 | $0 | ($40.8m) | ($41.0m) | ($41.0m) | |
| Common Stock Issuance | — | $0 | $385.8m | $0 | $0 | $0 | |
| Net Common Stock Issuance | — | $0 | $385.8m | ($40.8m) | ($41.0m) | ($41.0m) | |
| Payments for Repurchase of Common Stock | — | — | — | $40.8m | $41.0m | — | |
| Common Stock Payments | — | $0 | $0 | ($40.8m) | ($41.0m) | ($41.0m) | |
| Proceeds from (Payments for) Other Financing Activities | — | ($15.7m) | — | ($7.1m) | — | — | |
| Net Other Financing Charges | ($13.7m) | ($38.1m) | ($5.0m) | $19.8m | — | $19.8m | |
| Net Cash Provided by (Used in) Financing Activities | $174.6m |
$1.3b
+645.98%
|
$715.7m
-45.06%
|
($254.2m)
-135.51%
|
($104.5m)
+58.90%
|
($104.5m)
0.00%
|
|
| (Decrease)/Increase in cash, cash equivalents, and restricted cash | ($1.3b) | $878.9m | ($755.5m) | $266.5m | ($424.4m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $878.9m | ($755.5m) | $266.5m | ($424.4m) | $1.1b | |
| Beginning Cash Position | — | $1.1b | $2.0b | $1.3b | $1.5b | $1.5b | |
| Cash, cash equivalents, and restricted cash at beginning of the year | $1.1b | $2.0b | $1.3b | $1.5b | $1.1b | — | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ($8.7m) | $117.5m | $5.0m | $15.5m | ($4.3m) | ($4.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $2.0b | $1.3b | $1.5b | $1.1b | $1.1b | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Income Tax Expense (Benefit) | — | ($471k) | $195k | $1.0m | $689k | — | |
| Interest Expense Nonoperating | — | — | — | $19.0m | $11.3m | — | |
| Operating lease right-of use assets | ($71.4m) | $81.4m | $73.0m | $45.0m | $37.7m | — | |
| Operating lease liabilities | $65.7m | ($92.1m) | ($72.0m) | ($47.7m) | ($48.4m) | — | |
| Additional Financial Items | |||||||
| Proceeds from Stock Options Exercised | — | — | — | $920k | $2.5m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $13.7m | ($11.1m) | ($12.2m) | $16.4m | — | |
| General and Administrative Expense | — | $612.3m | $535.5m | $646.5m | $576.3m | — | |
| Goodwill | — | $30.8m | $30.8m | $30.8m | $30.8m | $31.4m | |
| Credit losses, net | $31.5m | $28.0m | $12.8m | $48.9m | $32.9m | — | |
| Investment income | ($6.2m) | ($124k) | ($6.1m) | ($25.5m) | ($20.0m) | — | |
| Foreign exchange losses/(gains) | $8.2m | ($13.7m) | $11.1m | $12.2m | ($16.4m) | — | |
| Notes receivable | ($103.3m) | $85.8m | ($42.3m) | $118.8m | $120.9m | — | |
| Accounts and notes payable | $922.9m | $119.8m | $317.2m | ($330.0m) | $165.5m | — | |
| Advance from customers | $11.3m | $1.0m | ($11.2m) | $7.5m | ($281k) | — | |
| Land use rights | — | $10.9m | ($328k) | $224k | $226k | — | |
| Purchase of intangible assets | ($12.9m) | ($13.1m) | ($5.1m) | ($3.9m) | ($665k) | — | |
| Cash paid for ordinary shares repurchases | — | — | — | ($40.8m) | ($41.0m) | — | |
| Acquisition of the redeemable non-controlling interest | ($13.7m) | ($22.4m) | ($5.0m) | ($2.5m) | — | — | |
| Proceeds from exercised share options | — | — | — | $920k | $2.5m | — | |
| Cash payments for interest | ($10.3m) | ($21.0m) | ($19.3m) | ($10.2m) | ($3.8m) | — | |
| Cash payments for income taxes | ($1.2m) | ($1.2m) | ($154k) | ($842k) | ($569k) | — | |
| Accretion of convertible redeemable preferred shares | ($329.7m) | ($509.3m) | ($660.1m) | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | $1.3b | $715.7m | ($254.2m) | ($104.5m) | ($104.5m) | |
| Cash Flow From Continuing Investing Activities | — | ($37.0m) | ($908.3m) | $276.1m | ($324.5m) | ($324.5m) | |
| Change In Account Payable | $922.9m | $119.8m | — | — | — | — | |
| Change In Other Working Capital | — | $1.0m | ($11.2m) | $7.5m | ($281k) | ($281k) | |
| Change In Payable | — | $119.8m | $317.2m | ($330.0m) | $165.5m | $165.5m | |
| Change In Prepaid Assets | — | $21.6m | $52.0m | ($11.3m) | ($8.2m) | ($8.2m) | |
| Changes In Cash | — | $761.5m | ($760.5m) | $251.0m | ($420.2m) | ($420.2m) | |
| End Cash Position | — | $2.0b | $1.3b | $1.5b | $1.1b | $1.1b | |
| Financing Cash Flow | — | $1.3b |
$715.7m
-45.06%
|
($254.2m)
-135.51%
|
($104.5m)
+58.90%
|
($104.5m)
0.00%
|
|
| Free Cash Flow | — | ($554.3m) | ($623.5m) | $146.0m | ($44.9m) | ($44.9m) | |
| Gain Loss On Investment Securities | — | ($124k) | ($6.1m) | ($25.5m) | ($20.0m) | ($20.0m) | |
| Gain Loss On Sale Of PPE | — | $175k | $3.0m | $659k | ($629k) | ($629k) | |
| Investing Cash Flow | — | ($37.0m) | ($908.3m) | $276.1m | ($324.5m) | ($324.5m) | |
| Net Business Purchase And Sale | ($10.2m) | $0 | $0 | — | — | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | ($13.7m) | $11.1m | $12.2m | ($16.4m) | ($16.4m) | |
| Net Intangibles Purchase And Sale | — | ($13.1m) | ($5.1m) | ($3.9m) | ($665k) | ($665k) | |
| Net PPE Purchase And Sale | — | ($24.1m) | ($45.8m) | ($77.1m) | ($49.3m) | ($49.3m) | |
| Net Preferred Stock Issuance | $0 | $0 | — | — | — | — | |
| Operating Gains Losses | — | ($13.7m) | $8.0m | ($12.6m) | ($37.1m) | ($37.1m) | |
| Other Non Cash Items | — | $73.1m | ($1k) | — | — | — | |
| Proceeds From Stock Option Exercised | — | $0 | $0 | $920k | $2.5m | $2.5m | |
| Provisionand Write Offof Assets | — | $28.0m | $12.8m | $48.9m | $32.9m | $32.9m | |
| Purchase Of Business | ($10.2m) | $0 | $0 | — | — | $0 | |
| Purchase Of Intangibles | — | ($13.1m) | ($5.1m) | ($3.9m) | ($665k) | ($665k) | |
| Purchase Of PPE | — | ($37.0m) | ($50.5m) | ($79.2m) | ($53.0m) | ($53.7m) | |
| Sale Of PPE | — | $12.9m | $4.7m | $2.1m | $3.7m | $3.7m | |
| Stock Based Compensation | — | $31.9m | $17.4m | $108.5m | $53.8m | $53.8m | |
| Net Investment Purchase And Sale | — | $124k | ($857.5m) | $357.0m | ($274.5m) | ($274.5m) | |
| Purchase Of Investment | — | ($100.0m) | ($1.3b) | ($104.9m) | ($488.3m) | ($488.3m) | |
| Sale Of Investment | — | $100.1m | $430.6m | $461.9m | $213.8m | $213.8m | |
| Supplemental disclosure of cash flow information: | |||||||
| Change In Cash Supplemental As Reported | — | $878.9m | ($755.5m) | $266.5m | ($424.4m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $21.0m | $19.3m | $10.2m | $3.8m | — | |
| Income Taxes Paid, Net | — | $1.2m | $154k | $842k | $569k | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.