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ZKH Group posts first operating profit in Q2 2026 with 18.9% GMV growth and net profit turnaround

Company Fundamentals
21 Aug 2026
PRNewsWire
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Bullish
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ZKH Group Limited reported strong Q2 2026 results with an 18.9% year-over-year increase in gross merchandise volume (GMV) to RMB 2.88 billion and a 12.8% rise in net revenues to RMB 2.44 billion. The company achieved operating profitability for the first time, with a net profit of RMB 26.7 million reversing last year's loss. Growth was driven by increased penetration in SME and key account segments, expansion of private-label products, and enhanced AI capabilities improving efficiency and customer engagement. ZKH expects accelerated growth in the second half of 2026, supported by ongoing market share gains and international expansion.

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