ZKH Group Ltd.

General Information

(Note: The Cayman Islands-incorporated holding company is offering the ADS in the IPO – and NOT the underlying businesses operating in China.)

We are a leading MRO procurement service platform in China. We provide one-stop MRO procurement and management services for our customers, and offer digital and fulfillment solutions for participants along the industry value chain. We spearhead digital transformation of the MRO industry for cost reduction and efficiency improvement. *Note: “MRO” stands for “maintenance, repair and operations” and refers to materials used for maintenance, repair and operation purposes and that do not directly constitute final products. (Incorporated in the Cayman Islands)

ZKH Group Limited’s operating business involves providing a digital procurement network backed by distribution centers, warehouses and smart vending machines to supply our industrial customers with spare parts, chemicals, manufacturing parts, general consumables and office supplies. Our inventory covers 32 product lines, 17.2 million SKUs and 24,000-plus suppliers.

Our People’s Republic of China (PRC) subsidiaries are ZKH Industrial Supply and its subsidiaries, including but not limited to Shanghai Gongbangbang (GBB) Industrial Tech Co., Ltd., Shanghai Kunhe Supply Chain Management Co., Ltd. and Shenzhen Kuntong Smart Warehousing Technology Co., Ltd.

We serve 58,000-plus customers with a 91 percent retention rate.

We have built an efficient and digitalized fulfillment network to ensure timely and reliable fulfillment of our orders. Our nationwide fulfillment network consisted of 30 distribution centers, 90 transit warehouses and approximately 3,600 EVM smart vending machines as of Dec. 31, 2022.

Our ZKH platform includes the ZKH official website at https://www.zkh.com/, our mobile app, Weixin Mini-Program, and various interfaces. Our GBB platform includes the GBB official website at https://www.gongbangbang.com/, and our mobile app and Weixin Mini-Program.

**Note: Net loss and revenue figures are in U.S. dollars (converted from China’s renminbi) for the 12 months that ended Sept. 30, 2023.

(Note: ZKH Group Limited priced its IPO at $15.50 – the low end of its $15.50-to-$17.50 price range – on 4.0 million American Depositary Shares (ADS) – the number in the prospectus – to raise $62.0 million on Dec. 14, 2023. Background: ZKH Group Limited filed an F-1/A dated Dec. 8, 2023, in which it disclosed terms for its IPO: 4.0 million American Depositary Shares (ADS) at a price range of $15.50 to $17.50 to raise $66.0 million. Each ADS represents 35 Class A ordinary shares, the prospectus says. Background:  ZKH Group Limited filed an F-1/A dated Nov. 27, 2023, in which it named Deutsche Bank as its “lead left” joint book-runner to replace Goldman Sachs and added CICC as a joint book-runner to work with Deutsche Bank and China Renaissance. In that Nov. 27, 2023, filing with the SEC, ZKH Group Limited also updated its financial statements for the period through Sept. 30, 2023. ZKH Group Limited filed its F-1 for its U.S. IPO of American Depositary Shares (ADS) – no terms disclosed – on March 7, 2023. The $100.0 million placeholder figure applies, but some IPO professionals believe that this IPO may raise up to $200 million. ZKH Group Limited filed confidential IPO documents with the SEC on March 30, 2022.)

Industry: TRADE & SERVICES Platform - Manufacturing Parts, Chemicals, Spare Parts, Consumables & Office Supplies
Employees: 3956
Founded: 1998
Contact Information
Address 7/F, Tower 4, Libao Plaza, No. 36 Shenbin Road Minhang District, Shanghai 201106 People’s Republic of China
Phone Number +86 (21) 5080-9696
Web Address https://www.zkh.com/
View Prospectus: ZKH Group Ltd.
Financial Information
Market Cap $2489.51mil
Revenues $1205.6 mil (last 12 months)
Net Income $-56.04 mil (last 12 months)
IPO Profile
Symbol ZKH
Exchange NYSE
Shares (millions): 4.0
Price range $15.50 - $15.50
Est. $ Volume $62.0 mil
Manager / Joint Managers Deutsche Bank/ China Renaissance/ CICC
CO-Managers I-Bankers Securities
Expected To Trade: 12/15/2023
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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