ZKH Group Ltd

ZKH Group is an industrial supplies company that provides MRO (Maintenance, Repair, and Operations) procurement services. The company operates internationally, focusing on reducing procurement costs and improving management efficiency for its customers. ZKH Group offers MRO procurement solutions primarily through two online platforms in China: ZKH platform and GBB platform. In 2025, the company directly served over 155,000 customers on these platforms, an increase of approximately 85.6% from 2024. Its customer base includes large corporations (including multi-national corporations), small- and mid-sized enterprises ("SMEs"), state-owned enterprises ("SOEs"), and retailers and micro businesses across various industry sectors. In 2025, the company's Gross Merchandise Value (GMV) reached approximately RMB10.1 billion, with a 96.6% retention rate for its top 500 customers by GMV. ZKH Group provides a selection of MRO products, covering major MRO product lines and approximately 23.2 million SKUs as of December 31, 2025. These products include both private label products and third-party products sourced from over 19,000 suppliers in 2025.