Glonghui, May 21｜Before the US stock market today, ZKH.US (ZKH.US) released the 2024 first quarter results report. In the first quarter, Zhen Kun Bank achieved GMV of 2.35 billion yuan and net revenue of 1.86 billion yuan. Gross margin increased to 18.0% from 17.1% in the same period last year. The adjusted net loss narrowed to 2.3%, and the corresponding profit margin increased by 214.5 basis points year on year, achieving eight consecutive quarters of year-on-year improvement, and continued to increase profitability. Furthermore, the number of online customers acquired by the company reached a record high in a single quarter, with a year-on-year increase of 103%. Chen Long, Chairman and CEO of Zhen Kun Hong, said, “Thanks to a combination of factors such as improved business quality, cost control and efficiency, our profitability continues to improve. Looking forward to the future, although the external environment is full of challenges, we believe that China's MRO market is still a huge market. As long as we focus more on building core competitiveness, including investment in digitalization and intelligence, as well as improving product competitiveness and operational efficiency, there will be healthier and longer term development.”