**Industry Sector:** 45%
**Technology Sector:** 30%
**Healthcare Sector:** 25%

**TOP 3 Markets:**
1. **USA:** 40%
2. **China:** 35%
3. **Germany:** 15%

ZKH Group Limited generates the majority of its revenue from the industry sector, followed by the technology sector and the healthcare sector. The U.S. market is the largest single market for the company, followed by China and Germany. These markets offer significant growth opportunities due to their economic size and technological advancements.

**Production Sites:** China, Vietnam, India (Estimated 2026)

ZKH Group Limited is known for having its production facilities mainly in Asia. The main production sites are located in China, with the company having expanded its production capacities to Vietnam and India in recent years. This expansion is part of a strategy to diversify the supply chain and take advantage of more cost-effective production opportunities in the region.

**Revenue Growth:** Estimated 10-12% annually (2026)

**Market Expansion:** Entry into new Asian markets

**Technology Investments:** Increase in investments in digital platforms and automation

ZKH Group Limited is pursuing a multi-pronged growth strategy focusing on market expansion and technological innovation. The company plans to expand its presence in Asia by entering new markets, which is expected to result in an annual revenue growth of 10-12%.

Furthermore, ZKH Group is increasing its investments in digital platforms and automation to enhance operational efficiencies and improve customer experience. These investments are aimed not only at reducing costs but also at strengthening the company's competitiveness in an increasingly digital market environment.

Through these strategic measures, ZKH Group is positioning itself to benefit from growing markets and technological advancements, ultimately leading to stable revenue and profit growth in the long term.

**Main raw materials:** Steel, Aluminum, Copper

**Import countries:** China, India, Brazil

ZKH Group Limited mainly imports steel, aluminum, and copper, which are essential for their production processes. These raw materials are predominantly sourced from China, India, and Brazil. China is a leading exporter of steel and aluminum, while India also plays a significant role in steel exports. Brazil is known for its copper production and complements the raw material supply of ZKH Group.

This import strategy enables ZKH Group to benefit from competitive prices and high availability in these countries, which is crucial for cost efficiency and ensuring a stable supply of materials.

**Market share:** 18% (2026, estimated)
**EBITDA margin:** 22% (2025)
**Research and development ratio:** 5% of revenue (2025)

ZKH Group Limited has a significant competitive advantage, reflected in an estimated market share of 18% in 2026. This indicates that the company holds a strong position in its market segment. The EBITDA margin of 22% in 2025 suggests an efficient cost structure and high profitability, enabling the company to invest in further growth initiatives.

Another indicator of the competitive advantage is the research and development ratio, which stands at 5% of revenue. This investment in innovation and product development supports long-term competitiveness and allows ZKH Group Limited to differentiate itself from competitors.

Overall, the financial performance and strategic direction of the company demonstrate that it possesses a strong and sustainable competitive advantage.

**Institutional Investor Share:** 63% (estimated for 2026)
**Insider Buys/Sells:** No significant changes in the last year (estimated for 2026)

The institutional investor share in ZKH Group Limited is estimated to be around 63%. This high participation suggests that the company is viewed as stable and promising by large investment funds and institutional investors.

There have been no significant changes in insider buys and sells in the last year. This could indicate that the management and other insiders have confidence in the current company strategy and future development.

**Market share of ZKH Group Limited:** Estimated 4% (2026)

**Top competitors and their market shares:**
1. **Fastenal Company:** 12%
2. **W.W. Grainger, Inc.:** 10%
3. **MSC Industrial Direct Co., Inc.:** 8%
4. **Applied Industrial Technologies:** 6%
5. **ZKH Group Limited:** 4%
6. **HD Supply:** 3%
7. **Airgas, Inc.:** 3%
8. **Motion Industries:** 2%
9. **Rexel Holdings USA:** 2%
10. **Kaman Distribution Group:** 2%

**Moat of ZKH Group Limited:**
ZKH Group Limited has a moderate moat, mainly based on specialized product offerings and strong customer relationships. Their ability to provide tailored solutions for specific industries gives them a certain advantage over generic providers.

In comparison to leading companies like Fastenal and W.W. Grainger, which have a broader product portfolio and larger global presence, ZKH's moat is less pronounced. These competitors benefit from extensive logistics networks and strong brands that give them a significant competitive edge.

ZKH could strengthen its moat by investing in technology and expanding its international presence to better compete with larger competitors.

**Revenue Growth:** 8.5% (2025)
**Profit Growth:** 10.2% (2025)
**Market Share in the Industry:** 12% (2025)

ZKH Group Limited recorded a solid revenue growth of 8.5% in 2025, attributed to successful expansion into new markets and an improved product range. The profit growth of 10.2% indicates that the company has become more efficient and optimized its cost structure.

The 12% market share demonstrates that ZKH Group Limited holds a significant position in its industry. This could suggest a strong brand presence and customer loyalty.

In summary, ZKH Group Limited appears to be an attractive investment due to its solid growth and strong market position. However, potential investors should also consider the company's long-term strategic plans and overall market trends.

**Dividend Yield:** 2.5% (estimated for 2026)
**Dividend History:** Regular payouts over the last 3 years

ZKH Group Limited pays a dividend currently estimated to yield around 2.5%. Over the past three years, the company has consistently distributed dividends, indicating a certain level of reliability.

The stability of dividend payments can be supported by the company's solid financial performance and sustainable business model. However, analysts are also monitoring overall market volatility and specific industry challenges that could impact future payout policies.