ZKH Group Limited / "Research and Development" | Tables in SEC filings

ZKH ZKH Group Limited

19 Apr 24

Annual report (foreign)

6:05am

The following table sets forth a summary of our consolidated results of operations for the years presented, both in absolute amount and as a percentage of our total net revenues for the years presented. This information should be read together with our consolidated financial statements and related notes included elsewhere in this annual report. The results of operations in any period are not necessarily indicative of our future trends.


	For the Year Ended December 31,
	2021		2022		2023
	RMB	%	RMB	%	RMB	US$	%
								(in thousands, except for percentages)
Net revenues
Net product revenues	7,500,036	98.0	8,086,920	97.2	8,341,603	1,174,890	95.6
Net service revenues	116,692	1.5	179,508	2.2	307,412	43,298	3.5
Other revenues	37,863	0.5	48,808	0.6	72,160	10,164	0.8
Total net revenues	7,654,591	100.0	8,315,236	100.0	8,721,175	1,228,352	100.0
Cost of revenues	(6,614,836)	(86.4)	(6,997,566)	(84.2)	(7,268,741)	(1,023,781)	(83.3)
Operating expenses:
Fulfillment(1)	(444,510)	(5.8)	(467,384)	(5.6)	(438,959)	(61,826)	(5.0)
Sales and marketing(1)	(689,637)	(9.0)	(683,206)	(8.2)	(700,791)	(98,704)	(8.0)
Research and development(1)	(256,421)	(3.3)	(240,534)	(2.9)	(175,915)	(24,777)	(2.0)
General and administrative(1)	(759,627)	(9.9)	(612,252)	(7.4)	(535,493)	(75,423)	(6.1)
Loss from operations	(1,110,440)	(14.5)	(685,706)	(8.2)	(398,724)	(56,159)	(4.6)
Interest and investment income	28,277	0.4	14,559	0.2	53,703	7,564	0.6
Interest expense	(10,593)	(0.1)	(94,182)	(1.1)	(19,343)	(2,724)	(0.2)
Others, net	(1,156)	(0.0)	33,737	0.4	59,659	8,403	0.7
Loss before income tax	(1,093,912)	(14.3)	(731,592)	(8.8)	(304,705)	(42,916)	(3.5)
Income tax (expenses)/benefits	(200)	(0.0)	471	0.0	(195)	(27)	0.0
Net loss	(1,094,112)	(14.3)	(731,121)	(8.8)	(304,900)	(42,943)	(3.5)
Net loss attributable to ZKH Group Limited	(1,122,484)	(14.7)	(735,681)	(8.8)	(304,314)	(42,861)	(3.5)
Net loss attributable to ZKH Group Limited’s ordinary shareholders	(1,452,221)	(19.0)	(1,244,962)	(15.0)	(964,384)	(135,830)	(11.1)


	For the Year Ended December 31,
	2021		2022		2023
	RMB	%	RMB	%	RMB	US$	%
								(in thousands, except for percentages)
Fulfillment	2,154	1.2	585	1.8	195	27	1.1
Sales and marketing	8,204	4.5	5,935	18.6	4,682	659	26.9
Research and development	10,134	5.5	3,883	12.2	3,070	432	17.7
General and administrative	162,857	88.8	21,496	67.4	9,446	1,330	54.3
Total	183,349	100.0	31,899	100.0	17,393	2,448	100.0


	Year ended
	December 31,
	2021	2022	2023
	RMB	RMB	RMB
Fulfillment	2,154	585	195
Sales and marketing	8,204	5,935	4,682
Research and development	10,134	3,883	3,070
General and administrative	162,857	21,496	9,446
Total share-based compensation expenses	183,349	31,899	17,393

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	For the Year Ended December 31,
	2021		2022		2023
	RMB	%	RMB	%	RMB	US$	%
								(in thousands, except for percentages)
Operating expenses:
Fulfillment	444,510	5.8	467,384	5.6	438,959	61,826	5.0
Sales and marketing	689,637	9.0	683,206	8.2	700,791	98,704	8.0
Research and development	256,421	3.3	240,534	2.9	175,915	24,777	2.0
General and administrative	759,627	9.9	612,252	7.4	535,493	75,423	6.1
Total	2,150,195	28.1	2,003,376	24.1	1,851,158	260,730	21.2