ZKH Group annual r&d spending
2021
2022
2023
2024
2025
ZKH Group R&D Spending Growth & History (ZKH)
ZKH Group's r&d spending was ¥165.5M for fiscal 2025.
View full ZKH Group company overviewZKH Group annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | ¥165.5M | −¥4.0M | −2.35% |
| 2024 | 2024-12-31 | ¥169.5M | −¥6.4M | −3.65% |
| 2023 | 2023-12-31 | ¥175.9M | −¥64.6M | −26.86% |
| 2022 | 2022-12-31 | ¥240.5M | −¥15.9M | −6.20% |
| 2021 | 2021-12-31 | ¥256.4M | — | — |
ZKH Group quarterly r&d spending
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | ¥35.2M | −¥6.3M | −15.21% |
| Q1 2026 | 2026-03-31 | ¥29.3M | −¥10.3M | −25.93% |
| Q4 2025 | 2025-12-31 | ¥44.1M | — | — |
| Q3 2025 | 2025-09-30 | ¥40.3M | — | — |
| Q2 2025 | 2025-06-30 | ¥41.5M | — | — |
| Q1 2025 | 2025-03-31 | ¥39.6M | — | — |
ZKH Group r&d spending trends
Between the periods ended 2021-12-31 and 2025-12-31, ZKH Group's r&d spending decreased from ¥256.4M to ¥165.5M, a change of −¥90.9M. The latest reported quarter, Q2 2026, shows ¥35.2M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review ZKH Group source filings ↗