# ZKH Group (ZKH.US)

Canonical: https://gigainvestors.com/s/ZKH

Analysis as of: 2026-10-16T07:33:22.055Z. 

Listing currency: USD. Reporting currency: CNY.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $1.89 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 91% since Feb 2024

Story as of 2026-10-16T10:01:29.620Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in internet retail; annual sales are CNY 9 billion.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-24); FY2026: revenue 8987738000; grossProfit 1475662000; margin = grossProfit / revenue.

### Where the cash goes

Paid no dividends in 1 year; bought back CNY 39.9 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-24); Dividend observations: [[2026,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-24); FY2026: cash repurchases 39883930 CNY.

### Are managers owners

Insiders own 18.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-05); ZKH.US SharesStats.PercentInsiders = 18.096 percentage points; cache date 2026-10-05.

### What the price says

The price is 0.2 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-24); Closing price 1.89 USD; reporting-to-trading FX 0.14944; FY2026 annual sales per share 55.89469252358709; price multiple 0.2262686438207513. FY2026 cash earnings/share -0.8892159340587583. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2023-12: $16.31 per share

- 2024-01: $17.06 per share

- 2024-02: $20.27 per share

- 2024-03: $16.04 per share

- 2024-04: $11.50 per share

- 2024-05: $9.46 per share

- 2024-06: $3.90 per share

- 2024-07: $2.99 per share

- 2024-08: $2.90 per share

- 2024-09: $3.69 per share

- 2024-10: $3.82 per share

- 2024-11: $3.34 per share

- 2024-12: $3.51 per share

- 2025-01: $3.58 per share

- 2025-02: $3.52 per share

- 2025-03: $3.35 per share

- 2025-04: $2.82 per share

- 2025-05: $2.83 per share

- 2025-06: $3.07 per share

- 2025-07: $3.00 per share

- 2025-08: $2.85 per share

- 2025-09: $2.85 per share

- 2025-10: $2.93 per share

- 2025-11: $3.27 per share

- 2025-12: $3.68 per share

- 2026-01: $3.36 per share

- 2026-02: $3.60 per share

- 2026-03: $2.96 per share

- 2026-04: $3.05 per share

- 2026-05: $2.83 per share

- 2026-06: $2.26 per share

- 2026-07: $2.92 per share

- 2026-08: $2.92 per share

- 2026-09: $2.81 per share

- 2026-10: $1.89 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 20-F filing](https://www.sec.gov/Archives/edgar/data/1862044/000110465926048107/zkh-20251231x20f.htm); period 2025-12-31, filed 2026-04-24.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.