← ZKH Group Ltd

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value — $2.0b $1.1b $1.4b $1.0b
Prepaid Expense and Other Assets, Current — $243.6m $168.1m $179.4m $180.2m
Short-term Investments — — $874.2m $544.0m $825.3m
Cash and cash equivalents — $2.0b $1.1b $1.4b $1.0b
Accounts receivable, net — $3.1b $3.6b $3.1b $3.3b
Notes receivable — $310.7m $353.0m $234.2m $113.3m
Prepayments and other current assets — $243.6m $168.1m $179.4m $180.2m
Allowance For Doubtful Accounts Receivable — ($97.0m) ($107.0m) ($145.8m) ($159.9m)
Cash Cash Equivalents And Short Term Investments — $2.0b $2.0b $2.0b $1.9b
Gross Accounts Receivable — $3.2b $3.7b $3.2b $3.4b
Other Current Assets — $134.6m $36.4m $21.9m $25.9m
Other Short Term Investments — $0 $874.2m $544.0m $825.3m
Prepaid Assets — $109.0m $118.4m $127.9m $130.5m
Taxes Receivable — — $13.3m $29.6m $23.8m
Inventory, Net — $656.0m $669.0m $625.4m $669.8m
Assets, Current — $6.3b $7.0b $6.2b $6.1b
Total current assets — $6.3b $7.0b $6.2b $6.1b
Property, Plant and Equipment, Net — $166.7m $145.3m $183.6m $186.2m
Goodwill — $30.8m $30.8m $30.8m $30.8m
Intangible assets, net — $24.1m $20.1m $15.9m $21.9m
Goodwill And Other Intangible Assets — $65.8m $61.9m $57.5m $63.3m
Other Intangible Assets — $35.0m $31.1m $26.7m $32.5m
Operating Lease, Right-of-Use Asset — $308.9m $236.0m $190.8m $152.8m
Operating lease right-of-use assets, net — $297.9m $224.9m $179.9m $142.2m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current — $3.1b $3.6b $3.1b $3.3b
Restricted cash — $51.6m $159.8m $92.9m $61.9m
Land use rights, net — $10.9m $11.0m $10.8m $10.6m
Short-term borrowings — $250.0m $585.0m $311.0m $240.0m
Current portion of long-term borrowings — — — $997k $2.3m
Accounts and notes payable — $2.6b $2.9b $2.6b $2.7b
Operating lease liabilities — $95.8m $91.2m $81.4m $50.2m
Advance from customers — $31.1m $19.9m $27.4m $27.2m
Accrued expenses and other current liabilities — $539.2m $448.2m $365.3m $378.6m
Non-current operating lease liabilities — $214.4m $147.0m $109.1m $91.9m
Other non-current liabilities — $782k $507k $25.2m $28.2m
Ordinary shares (USD 0.0000001 par value; 500,000,000,000 and 500,000,000,000 shares authorized; 5,658,952,794 and 5,682,357,714 shares issued and 5,601,860,619 and 5,563,528,436 shares outstanding as of December 31, 2024 and December 31, 2025, respectively) (Note 17) — 1k 4k 4k 4k
Statutory reserves — $5.3m $6.0m $6.3m $6.6m
Accumulated Depreciation — ($141.9m) ($182.2m) ($207.9m) ($224.1m)
Capital Lease Obligations — $310.2m $238.2m $190.5m $142.1m
Construction In Progress — $2.8m $31.0m $78.9m $1.0m
Current Capital Lease Obligation — $95.8m $91.2m $81.4m $50.2m
Current Debt — $260.8m $593.1m $319.3m $242.3m
Current Debt And Capital Lease Obligation — $356.5m $684.4m $400.7m $292.5m
Current Deferred Liabilities — $31.1m $19.9m $27.4m $27.2m
Current Notes Payable — $10.8m $8.1m $7.3m $0
Dueto Related Parties Current $46.1m $54.9m — — —
Gross PPE — $606.6m $552.4m $571.4m $552.5m
Invested Capital — ($3.8b) $3.8b $3.5b $3.2b
Land And Improvements $0 $10.9m — — —
Leases — $92.3m $88.2m $103.7m $106.6m
Line Of Credit — $250.0m $585.0m $311.0m $240.0m
Long Term Capital Lease Obligation — $214.4m $147.0m $109.1m $91.9m
Machinery Furniture Equipment — $213.5m $208.3m $208.8m $197.8m
Net PPE — $464.7m $370.2m $363.5m $328.4m
Net Tangible Assets — ($4.1b) $3.1b $3.0b $2.9b
Ordinary Shares Number — $5.6b $5.6b $5.6b $5.6b
Other Current Borrowings — — — $997k $2.3m
Other Current Liabilities — $151.9m $192.0m $133.7m $149.6m
Other Equity Adjustments — ($46.6m) ($19.1m) $11.1m ($30.7m)
Other Payable $29.3m — $2.5m — —
Other Properties — $297.9m $224.9m $179.9m $247.2m
Preferred Securities Outside Stock Equity $5.0b $7.2b $0 — —
Properties — $0 $0 $0 $0
Share Issued — $5.6b $5.6b $5.6b $5.7b
Tangible Book Value — ($4.1b) $3.1b $3.0b $2.9b
Working Capital — $2.8b $2.9b $2.9b $2.7b
Total non-current assets — $530.5m $432.2m $421.1m $391.6m
Total non-current liabilities — $215.2m $147.5m $173.2m $162.7m
Total ZKH Group Limited shareholders' equity — ($4.1b) $3.2b $3.1b $2.9b
Total Capitalization — ($4.1b) $3.2b $3.1b $3.0b
Total Debt — $571.0m $831.3m $548.6m $427.1m
Total Tax Payable — $112.2m $17.8m $9.9m $21.5m
Assets — $6.8b $7.4b $6.6b $6.5b
Total assets — $6.8b $7.4b $6.6b $6.5b
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current — $95.8m $91.2m $81.4m $50.2m
Accounts Payable, Current — $2.6b $2.9b $2.5b $2.7b
Long-term Debt, Current Maturities — — — $997k $2.3m
Operating Lease, Liability, Noncurrent — $214.4m $147.0m $109.1m $91.9m
Long-term Debt, Excluding Current Maturities — — — $38.9m $42.7m
Current Deferred Revenue — $31.1m $19.9m $27.4m $27.2m
Payables And Accrued Expenses — $2.7b $2.9b $2.6b $2.7b
Liabilities, Current — $3.5b $4.0b $3.3b $3.4b
Total current liabilities — $3.5b $4.0b $3.3b $3.4b
Other Liabilities, Noncurrent — $782k $507k $25.2m $28.2m
Long Term Debt And Capital Lease Obligation — $214.4m $147.0m $148.0m $134.5m
Pensionand Other Post Retirement Benefit Plans Current — $275.1m $236.0m $221.8m $216.1m
Liabilities — $3.7b $4.2b $3.5b $3.6b
Total liabilities — $3.7b $4.2b $3.5b $3.6b
Stockholders’ equity:
Common Stock, Value, Issued — $1k $4k $4k $4k
Retained Earnings (Accumulated Deficit) — ($4.0b) ($4.9b) ($5.2b) ($5.3b)
Accumulated Other Comprehensive Income (Loss), Net of Tax — ($51.9m) ($25.2m) $4.8m ($37.3m)
Additional Paid in Capital, Common Stock — — $8.1b $8.3b $8.4b
Treasury Stock, Common, Value — — — $40.8m $81.8m
Additional paid-in capital — $0 $8.1b $8.3b $8.4b
Accumulated other comprehensive income/(loss) — ($51.9m) ($25.2m) $4.8m ($37.3m)
Accumulated deficit — ($4.0b) ($4.9b) ($5.2b) ($5.3b)
Treasury stock — — $0 ($40.8m) ($81.8m)
Capital Stock — $1k $4k $4k $4k
Gains Losses Not Affecting Retained Earnings — ($46.6m) ($19.1m) $11.1m ($30.7m)
Stockholders' Equity Attributable to Parent — ($4.1b) $3.2b $3.1b $2.9b
Stockholders' Equity Attributable to Noncontrolling Interest — $4.2m — — —
Minority Interest $3.9m $4.2m $0 $0 —
Total Equity Gross Minority Interest — ($4.1b) $3.2b $3.1b $2.9b
Total Non Current Liabilities Net Minority Interest — $7.4b $147.5m $173.2m $162.7m
Liabilities and Equity — $6.8b $7.4b $6.6b $6.5b
Total liabilities and shareholders' equity — $6.8b $7.4b $6.6b $6.5b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.