ZKH Group Limited reported second-quarter 2026 GMV of RMB2.88 billion, up 18.9% from a year earlier, while net revenue rose 12.8% to RMB2.44 billion. Gross profit increased 20.3% to RMB429.6 million and gross margin widened to 17.6% from 16.5%. The company recorded operating profit of RMB4.0 million, reversing a RMB72.0 million operating loss, and net profit of RMB26.7 million versus a RMB53.5 million net loss a year earlier. Non-GAAP EBITDA (earnings before interest, taxes, depreciation and amortization) reached RMB41.9 million, compared with negative RMB38.7 million. Growth was led by the ZKH platform, SME customers and marketplace transactions, while the GBB platform and customer count declined. ZKH also expanded private-label products, its fulfillment network and AI tools, including Domino and AI Materials Manager. Management expects growth to accelerate in the second half of 2026 and said the company entered that period in a stronger financial position.