6 results
20-F
2023 FY
ZKH
ZKH Group Limited
19 Apr 24
Annual report (foreign)
6:05am
The following table sets forth the components of our operating expenses by amounts and percentages of total net revenues for the years presented:
| | | | | | | | | | | | | | | ||||||||||||||
| | 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 |
20-F
2023 FY
ZKH
ZKH Group Limited
19 Apr 24
Annual report (foreign)
6:05am
| | | | | | |
| | Year ended December 31, | ||||
| 2021 | 2022 | 2023 | |||
| | RMB | | RMB | | RMB |
Net revenues | ||||||
Net product revenues | 7,500,036 | 8,086,920 | 8,341,603 | |||
Net service revenues | 116,692 | 179,508 | 307,412 | |||
Other revenues | 37,863 | 48,808 | 72,160 | |||
Total net revenues | 7,654,591 | 8,315,236 | 8,721,175 | |||
Cost of revenues | (6,614,836) | (6,997,566) | (7,268,741) | |||
Operating expenses | | |||||
Fulfillment | (444,510) | (467,384) | (438,959) | |||
Sales and marketing | (689,637) | (683,206) | (700,791) | |||
Research and development | (256,421) | (240,534) | (175,915) | |||
General and administrative | (759,627) | (612,252) | (535,493) | |||
Loss from operations | (1,110,440) | (685,706) | (398,724) | |||
Interest and investment income | 28,277 | 14,559 | 53,703 | |||
Interest expense | (10,593) | (94,182) | (19,343) | |||
Others, net | (1,156) | 33,737 | 59,659 | |||
Loss before income tax | (1,093,912) | (731,592) | (304,705) | |||
Income tax (expenses)/benefits | (200) | 471 | (195) | |||
Net loss | (1,094,112) | (731,121) | (304,900) | |||
Less: net income/(loss) attributable to non-controlling interests | 112 | 333 | (393) | |||
Less: net income/(loss) attributable to redeemable non-controlling interests | 28,260 | 4,227 | (193) | |||
Net loss attributable to ZKH Group Limited | (1,122,484) | (735,681) | (304,314) | |||
Accretion on preferred shares to redemption value | (329,737) | (509,281) | (660,070) | |||
Net loss attributable to ZKH Group Limited’s ordinary shareholders | (1,452,221) | (1,244,962) | (964,384) |
20-F
2023 FY
ZKH
ZKH Group Limited
19 Apr 24
Annual report (foreign)
6:05am
| | | | | | |
| Year ended | |||||
| | December 31, | ||||
| | 2021 | 2022 | 2023 | ||
| | RMB | | RMB | | RMB |
Loss before income tax | (1,093,912) | (731,592) | (304,705) | |||
Income tax benefit at PRC statutory tax rate | (273,478) | (182,898) | (76,176) | |||
Effect of different tax rate of different jurisdictions | (135) | 1,428 | (1,930) | |||
Effect of preferential tax rates | 4,460 | 3,983 | 3,427 | |||
Effect of Super Deduction for research and development expenses | (2,622) | (2,010) | (2,285) | |||
Non-deductible expenses and non-taxable income | 54,862 | 29,314 | 28,385 | |||
Change in valuation allowance | 217,113 | 149,712 | 48,774 | |||
Total income tax expense/ (benefits) | 200 | (471) | 195 |
20-F
2023 FY
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) |
20-F
2023 FY
ZKH
ZKH Group Limited
19 Apr 24
Annual report (foreign)
6:05am
| | | | | | | | | | | | | | | ||||||||||||||
| | 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 |
20-F
mk14y xyo
19 Apr 24
Annual report (foreign)
6:05am
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