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Angel Yeast Cup Finals and Industry Development Conference Concludes

Engaging the World Through Fermented Flour-Based Foods

SHANGHAI, Aug. 22, 2025 /PRNewswire/ — The Finals of the 8th Angel Yeast Cup Chinese Fermented Dim Sum Contest and the 12th Fermented Flour-Based Food Industry Development Conference wrapped up in Ningxiang, Hunan province, a region widely recognized as the birthplace of Chinese staple foods. Sponsored and organized by Angel Yeast Co., Ltd. (SH600298), the event brought together 26 youth teams from different countries and regions alongside leading experts, researchers, industry representatives, and skilled food artisans specializing in fermented flour-based foods. Serving as a hub of international collaboration, the conference highlighted culinary craftsmanship in fermented foods, underscoring the category’s growth potential and advancing cross-border exchange focused on preserving and evolving these distinctive food traditions.

Culinary Diplomacy: A Global Dialogue Around Staple Foods
Culinary Diplomacy: A Global Dialogue Around Staple Foods

Culinary Diplomacy: A Global Dialogue Around Staple Foods

Following a global tournament spanning three months and nine regions, 26 top teams advanced to the competition’s final round. Young participants from China, Spain, Italy, Malaysia, and Indonesia used flour and yeast as a medium for innovation, blending local flavors with established techniques to create a range of new staple foods and artistic dough sculptures—each notable for its creativity and unique taste. The venue served both as a stage for technical excellence and a platform for cultural exchange, where Western baking expertise intersected with Eastern fermentation practices, while long-standing methods were reinterpreted through modern approaches.

Malaysian contestant Zhang Weishan remarked, “In Malaysia, people of all backgrounds enjoy Chinese staple foods. I hope the competition can expand to additional regions so more audiences can discover the appeal of these traditions.” Spanish participant Delgado Álvarez José Luis added, “I hope to bring these remarkable Chinese food creations to Europe, creating a new bridge for cultural exchange.” The Italian team noted, “It is an honor to take part in highlighting Chinese cuisine, and we look forward to showcasing Italian culinary traditions in China, creating new opportunities for exchange between these two great food cultures.” The Indonesian team commented, “This is our first direct experience with Chinese staple foods—it is both a privilege and a challenge. We look forward to bringing even more creations infused with Indonesian flavors.”

Driving Industry Growth: Innovation and Heritage

The concurrently held Fermented Staple Food Industry Development Conference, themed “Inheritance, Innovation, and Development of the Fermented Staple Food Industry,” focused on emerging trends while providing a platform for in-depth discussion and collaboration across the industry. Industry watchers noted that the sector is at an important stage of transformation, and a dual emphasis on technological innovation and cultural heritage is critical to ensuring long-term growth. Participants highlighted the need to strengthen standards, improve professional training, and foster industry-wide cooperation to guide the staple foods category toward brand building, scaling, and global integration.

Angel Yeast chairman Xiong Tao said, “The continued success of the ‘Angel Yeast Cup’ series and the conference is directly tied to our ongoing innovation in food ingredient technologies, including yeast, steamed bread improvers, aluminum-free leavening agents for fried dough, rice fermentation starters, and rice cake premix. These ingredient technologies are revitalizing traditional Chinese staple foods while supporting commercialization, scaling, transformation, and international growth.”

Angel Yeast remains committed to inspiring the next generation of skilled professionals and supporting national development through technical expertise. The company continues to cultivate top talent and master artisans who are driving progress in the sector. By preserving craftsmanship and advancing innovation, Angel Yeast aims to help lead the global food industry toward sustainable growth, uniting tradition and innovation to create a more dynamic future for fermented foods.

ZKH Group Limited Announces Second Quarter 2025 Unaudited Financial Results

SHANGHAI, Aug. 22, 2025 /PRNewswire/ — ZKH Group Limited (“ZKH” or the “Company”) (NYSE: ZKH), a leading maintenance, repair and operations (“MRO”) procurement service platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2025.

Second Quarter 2025 Operational and Financial Highlights 

in thousand RMB, except for number of customers,
percentage and basis points (“bps”)

Second Quarter

2024

2025

Change

GMV[1]

2,754,591

2,420,233

-12.1 %

GMV by Platform

    ZKH Platform

2,479,915

2,144,362

-13.5 %

    GBB Platform

274,676

275,871

0.4 %

GMV by Business Model

    Product Sales (1P)

2,185,351

2,133,895

-2.4 %

    Marketplace (3P)[2]

569,240

286,338

-49.7 %

Number of Customers[3]

48,766

74,854

53.5 %

    ZKH Platform

34,360

37,271

8.5 %

    GBB Platform

14,406

37,583

160.9 %

Net Revenues

2,249,996

2,166,774

-3.7 %

Gross Profit

382,991

356,987

-6.8 %

    % of Net Revenues

17.0 %

16.5 %

-54.6bps

Operating Loss

(71,213)

(71,957)

1.0 %

    % of Net Revenues

-3.2 %

-3.3 %

-15.6bps

Non-GAAP EBITDA[4]

(47,068)

(38,663)

-17.9 %

    % of Net Revenues

-2.1 %

-1.8 %

30.8bps

Net Loss

(66,289)

(53,509)

-19.3 %

    % of Net Revenues

-2.9 %

-2.5 %

47.7bps

Non-GAAP Adjusted Net Loss[5]

(34,857)

(36,533)

4.8 %

    % of Net Revenues

-1.5 %

-1.7 %

-13.7bps

Mr. Eric Long Chen, Chairman and Chief Executive Officer of ZKH, stated, “Despite ongoing macro headwinds and subdued market sentiment, we continued to grow our customer base and achieved consistent improvements in business quality during the second quarter. This reflects our resilience and commitment to operational excellence and disciplined execution, which are fundamental to our sustainable growth. A key milestone of this quarter was the operational launch of our Taicang facility in China, a strategic hub that will enhance our capabilities in research and development, testing, and production of industrial products, significantly boosting the competitiveness of our private-label offerings. Additionally, we accelerated our international expansion, positioning ZKH to seize new growth opportunities. Organizationally, we reinforce our talent pipeline in critical functions such as product lines, IT, and overseas business, while maintaining a lean and agile middle- and back-office structure. While these strategic initiatives may weigh on our short-term financial performance, they are crucial for building a solid foundation for middle- and long-term growth and creating greater value for our shareholders.”

Mr. Max Chun Chiu Lai, Chief Financial Officer of ZKH, added, “In the second quarter, we advanced in enhancing business quality and operational efficiency while navigating a modest year-over-year decline in overall GMV and revenue, primarily due to a high prior-year base that included low-margin, extended-credit businesses, which we have since strategically optimized. Importantly, our higher-margin private-label products continued to grow, with GMV outpacing overall business growth, highlighting a successful shift toward a more profitable and sustainable revenue mix. We also achieved year-over-year improvements in both our product sales model’s gross margin and our marketplace model’s take rate[6], validating the effectiveness of our revenue quality strategy. Furthermore, our net loss margin narrowed by 47.7 basis points year over year, a clear demonstration of our disciplined cost management and focused execution. Looking ahead, we are committed to achieving high-quality revenue growth through targeted long-term investments and prudent cost management to ensure both short-term stability and sustained value for our shareholders.”

[1] GMV is the total transaction value of orders placed on the Company’s platform and shipped to customers, excluding taxes, net of the returned amount.

[2] The proportion of GMV generated by the marketplace model was 20.7% and 11.8% for the second quarter of 2024 and 2025, respectively.

[3] Customers are customers that transacted with the Company during the reporting period, mainly comprised of enterprise customers in various industries.

[4] Non-GAAP EBITDA is defined as net loss before interest expenses, income tax expenses/(benefits) and depreciation and amortization expenses.

[5] Non-GAAP adjusted net loss is defined as net loss excluding share-based compensation expenses.

[6] Take rate of the marketplace model represents gross profit from the marketplace model divided by GMV from the marketplace model.

Second Quarter 2025 Financial Results

Net Revenues. Net revenues were RMB2,166.8 million (US$302.5 million), representing a decrease of 3.7% from RMB2,250.0 million in the same period of 2024. This decrease was mainly attributable to a decrease in revenues from the marketplace model due to the prior year’s high base, which included low-margin businesses with extended customer credit terms that have since been strategically optimized.

in thousand RMB, except for percentage

Second Quarter

2024

2025

Change

Net Revenues

2,249,996

2,166,774

-3.7 %

    Net Product Revenues

2,163,721

2,113,970

-2.3 %

        From ZKH Platform

1,893,447

1,846,490

-2.5 %

        From GBB Platform

270,274

267,480

-1.0 %

    Net Service Revenues

69,161

40,707

-41.1 %

    Other Revenues

17,114

12,097

-29.3 %

  • Net Product Revenues. Net product revenues were RMB2,114.0 million (US$295.1 million), representing a decrease of 2.3% from RMB2,163.7 million in the same period of 2024, primarily due to a decrease in revenues from the product sales model. 
  • Net Service Revenues. Net service revenues were RMB40.7 million (US$5.7 million), a decrease of 41.1% from RMB69.2 million in the same period of 2024, primarily due to prior year’s high base, which included revenues from low-margin businesses with extended customer credit terms under the marketplace model that have since been strategically optimized. 
  • Other Revenues. Other revenues were RMB12.1 million (US$1.7 million), a decrease of 29.3% from RMB17.1 million in the same period of 2024, mainly due to lower revenues from warehousing and logistic services, as well as operating lease services for certain types of machinery and equipment.

Cost of Revenues. Cost of revenues was RMB1,809.8 million (US$252.6 million), representing a decrease of 3.1% from RMB1,867.0 million in the same period of 2024. The decline outpaced the decrease in product revenues, mainly due to the effectiveness of the Company’s initiatives to reduce overall product procurement costs.

Gross Profit and Gross Margin. Gross profit was RMB357.0 million (US$49.8 million), representing a decrease of 6.8% from RMB383.0 million in the same period of 2024. Gross margin was 16.5%, compared with 17.0% in the same period of 2024. The decrease was mainly due to lower revenue contribution from the marketplace model, which yields a 100% gross margin under the net revenue recognition basis. Both the gross margin of the product sales model and the take rate of the marketplace model increased, driven by optimized procurement costs and a higher proportion of GMV from higher-margin private label products. 

in thousand RMB, except for percentage and basis points
(“bps”)

Second Quarter

2024

2025

Change

Gross Profit

382,991

356,987

-6.8 %

    % of Net Revenues

17.0 %

16.5 %

-54.6bps

    % of GMV

13.9 %

14.8 %

84.6bps

    Under Product Sales (1P)

        ZKH Platform

294,022

295,075

0.4 %

            % of Net Product Revenues from ZKH Platform

15.5 %

16.0 %

45.2bps

        GBB Platform

15,133

18,658

23.3 %

            % of Net Product Revenues from GBB Platform

5.6 %

7.0 %

137.6bps

    Under Marketplace (3P)

69,161

40,707

-41.1 %

        % of Net Service Revenues

100.0 %

100.0 %

        % of GMV from the Marketplace Model (Take Rate)

12.1 %

14.2 %

206.7bps

    Others

4,675

2,547

-45.5 %

       % of Other Revenues 

27.3 %

21.1 %

-626.2bps

Operating Expenses. Operating expenses were RMB428.9 million (US$59.9 million), a decrease of 5.6% from RMB454.2 million in the same period of 2024. Operating expenses as a percentage of net revenues were 19.8%, compared with 20.2% in the same period of 2024. Excluding share-based compensation expenses, operating expenses as a percentage of net revenues were 19.8%, compared with 20.2% in the same period of 2024.

  • Fulfillment Expenses. Fulfillment expenses were RMB90.8 million (US$12.7 million), a decrease of 8.4% from RMB99.1 million in the same period of 2024. The decrease was primarily attributable to lower employee benefit expenses and warehouse rental costs. Fulfillment expenses as a percentage of net revenues were 4.2%, compared with 4.4% in the same period of 2024.
  • Sales and Marketing Expenses. Sales and marketing expenses were RMB149.3 million (US$20.8 million), a decrease of 5.3% from RMB157.7 million in the same period of 2024. The decrease was primarily attributable to lower employee benefit expenses and travel expenses, partially offset by higher marketing and promotion expenses. Sales and marketing expenses as a percentage of net revenues were 6.9%, compared with 7.0% in the same period of 2024.
  • Research and Development Expenses. Research and development expenses were RMB41.5 million (US$5.8 million), an increase of 7.9% from RMB38.4 million in the same period of 2024. The increase was primarily attributable to higher employee benefit expenses. Research and development expenses as a percentage of net revenues were 1.9%, compared with 1.7% in the same period of 2024.
  • General and Administrative Expenses. General and administrative expenses were RMB147.3 million (US$20.6 million), a decrease of 7.3% from RMB159.0 million in the same period of 2024. The decrease was primarily attributable to lower share-based compensation expenses and credit loss allowances, partially offset by higher employee benefit expenses. General and administrative expenses as a percentage of net revenues were 6.8%, compared with 7.1% in the same period of 2024.

Loss from Operations. Loss from operations was RMB72.0 million (US$10.0 million), compared with RMB71.2 million in the same period of 2024. Operating loss margin was 3.3%, compared with 3.2% in the same period of 2024.

Non-GAAP EBITDA. Non-GAAP EBITDA was negative RMB38.7 million (US$5.4 million), compared with negative RMB47.1 million in the same period of 2024. Non-GAAP EBITDA margin was negative 1.8%, compared with negative 2.1% in the same period of 2024.

Net Loss. Net loss was RMB53.5 million (US$7.5 million), compared with RMB66.3 million in the same period of 2024. Net loss margin was 2.5%, compared with 2.9% in the same period of 2024.

Non-GAAP Adjusted Net Loss. Non-GAAP adjusted net loss was RMB36.5 million (US$5.1 million), compared with RMB34.9 million in the same period of 2024. Non-GAAP adjusted net loss margin was 1.7%, compared with 1.5% in the same period of 2024.

Basic and Diluted Net Loss per ADS[7] and Non-GAAP Adjusted Basic and Diluted Net Loss per ADS[8]Basic and diluted net loss per ADS were RMB0.33 (US$0.05), compared with RMB0.40 in the same period of 2024. Non-GAAP adjusted basic and diluted net loss per ADS were RMB0.23 (US$0.03), compared with RMB0.21 in the same period of 2024.

[7] ADSs are American depositary shares, each of which represents thirty-five (35) Class A ordinary shares of the Company.

[8] Non-GAAP adjusted basic and diluted net loss per ADS is a non-GAAP financial measure, which is calculated by dividing non-GAAP adjusted net loss attributable to the Company’s ordinary shareholders by the weighted average number of ADSs.

Balance Sheet and Cash Flow

As of June 30, 2025, the Company had cash and cash equivalents, restricted cash and short-term investments of RMB1.85 billion (US$258.4 million), compared with RMB2.06 billion as of December 31, 2024.

Net cash used in operating activities was RMB110.7 million (US$15.5 million) in the second quarter of 2025, compared with net cash generated from operating activities of RMB122.1 million in the same period of 2024.

Share Repurchase Update

On June 13, 2024, the Company’s Board of Directors authorized a share repurchase program, under which the Company may repurchase up to US$50 million of its ADSs through June 13, 2025. As of June 13, 2025, the Company had repurchased an aggregate of approximately 2.31 million ADSs for approximately US$8.08 million from the open market under the share repurchase programs.

On June 13, 2025, the Company’s Board of Directors authorized a new share repurchase program, under which the Company may repurchase up to US$50 million of its ADSs through June 13, 2026. As of August 20, 2025, the Company had repurchased an aggregate of approximately 0.36 million ADSs for approximately US$1.10 million from the open market under the new share repurchase programs.

Exchange Rate

This announcement contains translations of certain Renminbi (“RMB”) amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ were made at a rate of RMB7.1636 to US$1.00, the exchange rate in effect as of June 30, 2025, as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System. The Company makes no representation that any RMB or US$ amounts could have been, or could be, converted into US$ or RMB, as the case may be, at any particular rate, or at all.

Conference Call Information

The Company’s management will hold a conference call on Friday, August 22, 2025, at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing Time to discuss its financial results and operating performance for the second quarter of 2025.

United States (toll free):

+1-888-317-6003

International:

+1-412-317-6061

Mainland China (toll free):

400-120-6115

Hong Kong (toll free):

800-963-976

Hong Kong:

+852-5808-1995

Access Code:

6971877

The replay will be accessible through August 29, 2025 by dialing the following numbers:

United States:                   

+1-877-344-7529

International:

+1-412-317-0088

Replay Access Code:

5489224

A live and archived webcast of the conference call will also be available on the Company’s investor relations website at https://ir.zkh.com.

About ZKH Group Limited

ZKH Group Limited (NYSE: ZKH) is a leading MRO procurement service platform in China, underpinned by robust supply chain capabilities and dedicated to serving customers globally through a product-led, agentic AI-driven approach. Through its primary online platforms, the ZKH platform, the GBB platform and the Northsky platform, along with innovative technology and extensive industry expertise, the Company provides bespoke MRO procurement solutions to a diverse and loyal customer base. These solutions encompass hyper-personalized product curation from a comprehensive selection of quality products at competitive prices. Additionally, the Company ensures timely and reliable product delivery through professional fulfillment services. By focusing on reducing procurement costs and addressing management efficiency challenges, ZKH is transforming the opaque MRO procurement process and empowering all stakeholders across the value chain.

For more information, please visit: https://ir.zkh.com.

Use of Non-GAAP Financial Measures 

This press release contains the following non-GAAP financial measures: non-GAAP adjusted net loss, non-GAAP adjusted net loss per ADS, basic and diluted, and non-GAAP EBITDA. The non-GAAP financial measures should not be considered in isolation from or construed as alternatives to their most directly comparable financial measures prepared in accordance with accounting principles generally accepted in the United States of America. Investors are encouraged to review the historical non-GAAP financial measures in reconciliation to their most directly comparable GAAP financial measures.

The Company defines non-GAAP adjusted net loss for a specific period as net loss in the same period excluding share-based compensation expenses. The Company defines non-GAAP EBITDA as net loss before interest expenses, income tax expenses/(benefits) and depreciation and amortization expenses. Non-GAAP adjusted net loss per ADS is calculated by dividing adjusted net loss attributable to the Company’s ordinary shareholders by the weighted average number of ordinary shares outstanding during the periods and then multiplied by 35.

The Company presents these non-GAAP financial measures because they are used by the management to evaluate the Company’s operating performance and formulate business plans. The Company believes that these non-GAAP financial measures help identify underlying trends in its business that could otherwise be distorted by the effect of certain expenses that are included in net loss and certain expenses that are not expected to result in future cash payments or that are non-recurring in nature. The Company also believes that the use of these non-GAAP financial measures facilitates investors’ assessment of its operating performance, enhances the overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used by the management in financial and operational decision making.

The non-GAAP financial measures have material limitations as analytical metrics and may not be calculated in the same manner by all companies. The Company’s non-GAAP financial measures do not include all income and expense items that affect the Company’s operations. They may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider the non-GAAP financial measures as substitutes for, or superior to, their most directly comparable financial measures prepared in accordance with GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of Non-GAAP Results” set forth at the end of this press release.

Safe Harbor Statement 

This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aim,” “estimates,” “intends,” “plans,” “believes,” “is/are likely to,” “potential,” “continue,” and similar statements. Among other things, the quotations from management in this press release and ZKH’s strategic and operational plans contain forward-looking statements. ZKH may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press release and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ZKH’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ZKH’s mission, goals and strategies; ZKH’s future business development, financial condition and results of operations; the expected changes in its revenues, expenses or expenditures; the expected growth of the MRO procurement service industry in China and globally; changes in customer or product mix; ZKH’s expectations regarding the prospects of its business model and the demand for and market acceptance of its products and services; ZKH’s expectations regarding its relationships with customers, suppliers, and service providers on its platform; competition in the Company’s industry; government policies and regulations relating to ZKH’s industry; general economic and business conditions in China and globally; the outcome of any current and future legal or administrative proceedings; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ZKH’s filings with the SEC. All information provided herein is as of the date of this announcement, and ZKH undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

ZKH Group Limited
IR Department
E-mail: IR@zkh.com

Piacente Financial Communications
Hui Fan
Tel: +86-10-6508-0677
E-mail: zkh@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: zkh@thepiacentegroup.com

 

 

ZKH GROUP LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except share, ADS, per share and per ADS data)

As of
December 31,

As of
June 30,

2024

2025

RMB

RMB

US$

Assets

Current assets:

Cash and cash equivalents

1,423,943

1,095,264

152,893

Restricted cash 

92,939

97,181

13,566

Short-term investments

543,978

658,942

91,985

Accounts receivable (net of allowance
   for credit losses of RMB145,789 and
   RMB149,686 as of December 31,
   2024 and June 30, 2025,
   respectively)

3,090,323

2,924,338

408,222

Notes receivable

234,213

168,197

23,479

Inventories 

625,390

746,103

104,152

Prepayments and other current assets

179,387

169,227

23,623

Total current assets

6,190,173

5,859,252

817,920

Non-current assets:

Property and equipment, net

183,572

194,821

27,196

Land use right

10,808

10,695

1,493

Operating lease right-of-use assets, net

179,945

151,252

21,114

Intangible assets, net

15,931

13,038

1,820

Goodwill

30,807

30,807

4,300

Total non-current assets

421,063

400,613

55,923

Total assets

6,611,236

6,259,865

873,843

Liabilities

Current liabilities:

Short-term borrowings

311,000

329,790

46,037

Current portion of long-term borrowings 

997

2,305

322

Accounts and notes payable

2,553,396

2,357,669

329,118

Operating lease liabilities

81,379

57,187

7,983

Advance from customers

27,433

27,475

3,835

Accrued expenses and other current
   liabilities

365,333

310,691

43,371

Derevatives

1,848

258

Total current liabilities

3,339,538

3,086,965

430,924

Non-current liabilities:

Long-term borrowings

38,887

43,803

6,115

Non-current operating lease liabilities

109,096

102,295

14,280

Other non-current liabilities

25,224

32,456

4,529

Total non-current liabilities

173,207

178,554

24,924

Total liabilities

3,512,745

3,265,519

455,848

ZKH Group Limited shareholders’ equity:

Ordinary shares (USD0.0000001 par value;
   500,000,000,000 and 500,000,000,000
   shares authorized; 5,658,952,794 and
   5,675,535,374 shares issued and
   outstanding as of December 31, 2024 and
   June 30, 2025, respectively)

4

4

1

Additional paid-in capital

8,305,304

8,347,125

1,165,214

Statutory reserves

6,303

6,303

880

Accumulated other comprehensive
   income/(loss)

4,764

(2,820)

(394)

Accumulated deficit

(5,177,126)

(5,297,358)

(739,483)

Treasury stock

(40,758)

(58,908)

(8,223)

Total ZKH Group Limited shareholders’
      equity

3,098,491

2,994,346

417,995

Total liabilities and shareholders’ deficit

6,611,236

6,259,865

873,843

 

 

ZKH GROUP LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF LOSS

(All amounts in thousands, except share, ADS, per share and per ADS data)

For the three months ended

For the six months ended

June 30, 2024

June 30, 2025

June 30, 2024

June 30, 2025

RMB

RMB

US$

RMB

RMB

US$

Net revenues

Net product revenues

2,163,721

2,113,970

295,099

3,938,740

3,998,830

558,215

Net service revenues

69,161

40,707

5,682

135,815

78,601

10,972

Other revenues

17,114

12,097

1,689

35,850

24,715

3,450

Total net revenues

2,249,996

2,166,774

302,470

4,110,405

4,102,146

572,637

Cost of revenues

(1,867,005)

(1,809,787)

(252,637)

(3,393,338)

(3,413,041)

(476,442)

Operating expenses

Fulfillment

(99,097)

(90,811)

(12,677)

(196,445)

(184,118)

(25,702)

Sales and marketing

(157,689)

(149,330)

(20,846)

(321,802)

(286,165)

(39,947)

Research and development   

(38,431)

(41,471)

(5,789)

(78,267)

(81,084)

(11,319)

General and administrative

(158,987)

(147,332)

(20,567)

(321,380)

(290,508)

(40,553)

Loss from operations

(71,213)

(71,957)

(10,046)

(200,827)

(152,770)

(21,326)

Interest and investment income

14,446

12,587

1,757

32,500

25,866

3,611

Interest expense

(5,522)

(3,037)

(424)

(11,217)

(5,387)

(752)

Others, net

(3,934)

8,846

1,235

22,508

12,254

1,711

Loss before income tax 

(66,223)

(53,561)

(7,478)

(157,036)

(120,037)

(16,756)

Income tax (expenses)/benefits

(66)

52

7

(154)

(195)

(27)

Net loss

(66,289)

(53,509)

(7,471)

(157,190)

(120,232)

(16,783)

Less: net loss attributable to non-
   controlling interests

Less: net loss attributable to redeemable
   non-controlling interests

Net loss attributable to ZKH Group
      Limited

(66,289)

(53,509)

(7,471)

(157,190)

(120,232)

(16,783)

Accretion on preferred shares to
  redemption value

Net loss attributable to ZKH Group
      Limited’s ordinary shareholders

(66,289)

(53,509)

(7,471)

(157,190)

(120,232)

(16,783)

Net loss

(66,289)

(53,509)

(7,471)

(157,190)

(120,232)

(16,783)

Other comprehensive income:

Foreign currency translation adjustments

(9,121)

(4,576)

(639)

(12,471)

(7,584)

(1,059)

Total comprehensive loss

(75,410)

(58,085)

(8,110)

(169,661)

(127,816)

(17,842)

Less: comprehensive loss attributable
   to non-controlling interests

Less: comprehensive loss attributable to
   redeemable non-controlling interests

Comprehensive loss attributable 
       to ZKH Group Limited

(75,410)

(58,085)

(8,110)

(169,661)

(127,816)

(17,842)

Accretion on Preferred Shares to 
   redemption value

Total comprehensive loss
        attributable to ZKH Group Limited’s
        ordinary shareholders

(75,410)

(58,085)

(8,110)

(169,661)

(127,816)

(17,842)

Net loss per ordinary share attributable
      to ordinary shareholders

Basic and diluted

(0.01)

(0.01)

(0.00)

(0.03)

(0.02)

(0.00)

Weighted average number of shares 

Basic and diluted

5,747,591,752

5,678,582,721

5,678,582,721

5,745,856,349

5,683,922,789

5,683,922,789

Net loss per ADS attributable to
      ordinary shareholders

Basic and diluted

(0.40)

(0.33)

(0.05)

(0.96)

(0.74)

(0.10)

Weighted average number of ADS (35
      Class A ordinary shares equal to 1
      ADS)

Basic and diluted

164,216,907

162,245,221

162,245,221

164,167,324

162,397,794

162,397,794

 

 

ZKH GROUP LIMITED

RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(All amounts in thousands, except share, ADS, per share and per ADS data)

For the three months ended

For the six months ended

June 30, 2024

June 30, 2025

June 30, 2024

June 30, 2025

RMB

RMB

US$

RMB

RMB

US$

Net loss

(66,289)

(53,509)

(7,471)

(157,190)

(120,232)

(16,783)

Income tax expenses/(benefits)

66

(52)

(7)

154

195

141

Interest expenses

5,522

3,037

424

11,217

5,387

752

Depreciation and amortization expense

13,633

11,861

1,656

28,703

24,028

3,354

Non-GAAP EBITDA

(47,068)

(38,663)

(5,398)

(117,116)

(90,622)

(12,536)

For the three months ended

For the six months ended

June 30, 2024

June 30, 2025

June 30, 2024

June 30, 2025

RMB

RMB

US$

RMB

RMB

US$

Net loss

(66,289)

(53,509)

(7,471)

(157,190)

(120,232)

(16,783)

Add: 

Share-based compensation expenses

31,432

16,976

2,370

78,874

33,523

4,680

Non-GAAP adjusted net loss

(34,857)

(36,533)

(5,100)

(78,316)

(86,709)

(12,103)

Non-GAAP adjusted net loss
      attributable to ordinary
      shareholders per share

Basic and diluted

(0.01)

(0.01)

(0.00)

(0.01)

(0.02)

(0.00)

Weighted average number of ordinary
      shares

Basic and diluted

5,747,591,752

5,678,582,721

5,678,582,721

5,745,856,349

5,683,922,789

5,683,922,789

Non-GAAP adjusted net loss
      attributable to ordinary
      shareholders per ADS

Basic and diluted

(0.21)

(0.23)

(0.03)

(0.48)

(0.53)

(0.07)

Weighted average number of ADS (35
      Class A ordinary shares equal to 1  
      ADS)

Basic and diluted

164,216,907

162,245,221

162,245,221

164,167,324

162,397,794

162,397,794

 

Tradition, Reimagined: Yung Kee’s 2025 Mid-Autumn Collection Unveiling the Mini Lava Custard Mooncake in a New Art-Inspired Gift Box


HONG KONG SAR – Media OutReach Newswire – 22 August 2025 – As the Mid-Autumn Festival approaches, sharing mooncakes with family and friends remains a cherished tradition that brings loved ones together. This year, Yung Kee embraces this spirit with its “Indulging in Moonlit Delights, Embracing the Joy of Reunion” collection, featuring exquisitely crafted gift boxes that honor heritage while embracing modern innovation. In collaboration with its contemporary brand Yung’s Bistro, Yung Kee introduces the highly anticipated Mini Lava Custard Mooncakes. Paired with the classic Double Yolk Lotus Seed Paste and Mixed Nuts with Chinese Ham mooncakes, this collection blends traditional craftsmanship with modern flavors, offering a tribute to the festival’s spirit of reunion.

A Symphony of Classic and Contemporary Flavors

This year, Yung Kee partners with Yung’s Bistro to deliver a delightful fusion of Hong Kong’s culinary heritage and contemporary tastes. The new Mini Lava Custard Mooncakes captivates modern palates, featuring carefully selected salted egg yolks that are steamed, finely mashed, and blended into a rich, velvety custard filling for an irresistibly smooth texture. The delicate pastry, crafted from premium Japanese flour and New Zealand butter, is subtly sweetened with low-calorie palatinose and Japanese seaweed sugar for a lighter indulgence that does not compromise on flavor.

Yung Kee’s dedication to tradition shines through its classic offerings. The Double Yolk with Lotus Seed Paste Mooncake showcases premium Xiang lotus seeds—hailed as “China’s finest” are slow-cooked with pure cane sugar for three hours to create a silky smooth, fragrant paste. Paired with top-grade salted egg yolks and encased in a delicate crust, it delivers a timeless taste that lingers on the palate. The Mixed Nuts with Chinese Ham Mooncake adheres to time-honored recipes, blending walnuts, almonds, sesame seeds, melon seeds and cashews with savoury Jinhua ham for a complex and textured filling that offers a harmonious tapestry of flavors.

Gift Boxes That Tell a Story of Eastern Elegance

The newly designed gift box reinterprets Eastern aesthetics with a modern touch. Drawing inspiration from the striking hand-painted murals at Yung’s Bistro in Taikoo Place—where figures inspired by the Black Maine Chinese Goose appear to frolic amidst serene pavilion scenes, leisurely enjoying tea from cloisonné teaware—the artwork gracefully adorns each box. The design incorporates classic hues from China’s traditional twelve-color spectrum, including “vermilion” and “emerald green”, reimagined through a modern lens to exude understated sophistication. Each mooncake is individually presented in an individual box adorned with Yung Kee’s iconic calligraphy logo and playful goose silhouettes, reflecting the brand’s dedication to quality and heritage.

Four Exquisite Sets for Every Celebration

At its core, the Mid-Autumn Festival is a celebration of unity and togetherness. To suit different gifting and sharing occasions, this year’s “Indulging in Moonlit Delights, Embracing the Joy of Reunion” collection offers four distinctive gift sets:

  • “ENRICH” Mooncake Set: Eight Mini Lava Custard Mooncakes—a sweet treat for the younger generation.
  • “EMBRACE” Mooncake Set: One Lotus Seed Paste with Double Yolks and one Mixed Nuts with Chinese Ham—classic duo for festive celebrations.
  • “APPRECIATE” Mooncake Set: One Lotus Seed Paste with Double Yolks and four Mini Lava Custard Mooncakes—tradition meets innovation for family gatherings.
  • “CHASE” Mooncake Set: One Mixed Nuts with Chinese Ham and four Mini Lava Custard Mooncakes—extending festive joy.

New High-Speed Rail Station Location for Cross-Border Convenience

To accommodate cross-border travelers, Yung Kee has established a new sales point at the Hong Kong Duty Free shop (within the restricted area) at West Kowloon High-Speed Railway Station. Whether as thoughtful gifts for loved ones or prestigious corporate presents, these festive treats are now conveniently accessible for travelers to bring a slice of Hong Kong’s heritage home.

From now until September 15, 2025, Yung Kee offers exclusive rewards for sharing festive joy:

Purchase Quantity Special Offers*
1-5 boxes Enjoy 12% off plus a HK$200 mooncake cash voucher for the next purchase**
6 boxes or more Enjoy 15% off plus a complimentary box of 8 Mini Lava Custard Mooncakes
10 boxes or more Enjoy 17% off plus a HK$1,000 dining voucher

* Special Offers are valid at Yung Kee Restaurant and Yung’s Bistro outlets only. Offers are subject to terms and conditions.
** The HK$200 mooncake cash voucher cannot be used in conjunction with other promotional offers.
# For promotions at our online store and the Hong Kong Duty Free at High-Speed Rail Station, please check the online store for details or inquire with in-store staff.

Sales Locations
Yung Kee Restaurant

  • 32-40 Wellington Street, Central, Hong Kong
  • Tel: (852) 2522 1624

Yung’s Bistro

  • Taikoo Place: Shop 1-2, G/F, Dorset House, 979 King’s Road, Quarry Bay
  • Tel: (852) 2523 3123
  • K11 MUSEA: Unit 701, 7/F, K11 MUSEA, Tsim Sha Tsui
  • Tel: (852) 2321 3800

Hong Kong Duty Free
West Kowloon Station (Cross Boundary Restricted Area), 3 Austin Road West, Tsim Sha Tsui, Kowloon
Online Store: https://yungkee.buys.hk/html/eshop-checkout-en.html

Redemption Details
Redemption Period: September 15 – October 3, 2025
Redemption Locations: Yung Kee Restaurant, Yung’s Bistro (K11 MUSEA and Taikoo Place)

Enquiry & Ordering:
General Enquiries: 5599 2800
Corporate Orders: 5599 3123

For high-resolution images, please visit: https://drive.google.com/drive/folders/11zkYOcSv_yzOGtIvQsbRCngpQJnEzBW7?usp=drive_link

Hashtag: #鏞記#YungKee

The issuer is solely responsible for the content of this announcement.

Yung Kee Restaurant

Located in the heart of Hong Kong, Yung Kee Restaurant is a culinary institution steeped in history and local culture. Growing alongside Hong Kong for over eight decades, the restaurant has attracted countless tourists and local gastronomes with its signature charcoal-roasted specialties and authentic Cantonese cuisine at various price points. The four-story dining space offers unique experiences, while preserving local culture through its distinctive architecture and carefully curated historical artifacts, creating a Living Museum where guests can immerse themselves in art and culture.

Yung’s Bistro

As Yung Kee Restaurant’s first contemporary brand, Yung’s Bistro embodies the philosophy of “Taste of Art, Made with Heart.” The brand preserves the authentic flavors of traditional Cantonese cuisine and Hong Kong’s unique food culture while presenting them through a modern lens. In 2024, the brand opened its second location at Taikoo Place. Situated in the Taikoo Piazza with distinctive interior design and a spacious outdoor terrace, the restaurant continues its innovative interpretation of Cantonese cuisine while embracing sustainable design concepts, creating a stylish dining destination that combines culinary excellence with leisure.

International media delegation explores cultural heritage in Quzhou

QUZHOU, China, Aug. 22, 2025 /PRNewswire/ — This is a report from China.org.cn:

On Aug. 6, a delegation of nearly 70 journalists from countries including South Korea, Spain, Bulgaria, and Iceland visited Kecheng district of Quzhou, immersing themselves in the city’s rich cultural heritage and dynamic development.

The group toured the Quzhou Confucian Temple, where they learned about the preservation and promotion of Southern Confucian culture and experienced its profound atmosphere. Merna Al Nasser, a CGTN journalist, said that she gained a deeper understanding of Confucian culture and found similarities with traditions in her own county. She added that more young people should explore it.

At the Doolittle Raid Rescue Memorial Museum, the visitors learned how Quzhou residents braved hardships to rescue U.S. airmen in 1942, and were deeply moved by the enduring friendship forged between the Chinese and American people during World War II.

The group also visited Shuitingmen, a historical and cultural site that blends traditional architecture and modern life. Bulgarian camerawoman Zhaklin Zlatkova Zlatanova said she captured videos of live performances to share with her friends.

International media delegation explores cultural heritage in Quzhou

http://www.china.org.cn/2025-08/22/content_118038564.shtml

Bandy AI Is Launched to Transform E-Commerce Product Imagery with Photorealistic AI Models

SINGAPORE, Aug. 22, 2025 /PRNewswire/ — Bandy AI is a newly launched AI platform designed to help e-commerce stores and apparel brands create professional, photorealistic on-model fashion images quickly and cost-effectively.

The platform enables brands to generate high-quality images of clothing, accessories, and full outfits on diverse AI models, with complete creative control over poses, backgrounds, and camera angles, all rendered within minutes.

“With years in e‑commerce, we know the challenges of costly, slow, and limited product imagery,” said Jessica Moreno, CEO of Bandy AI. “Bandy AI removes those barriers, delivering realistic, diverse on-model product visuals effortlessly.”

Bandy AI features a next-gen AI virtual try on clothing tool that digitally dresses photorealistic AI models with uploaded apparels like shirts and dresses, producing true-to-life on-model visuals while keeping product’s details.

Its AI virtual accessories try-on tool instantly displays items such as bags, hats, shoes, and jewelry with natural placement and proportions.

With the AI pose generator, users can create custom poses, select camera angles, or input their own specifications, then produce a complete set of multi‑angle product images in one go to capture every detail.

Furthermore, users can swap models with just a few clicks. They can select from a range of realistic avatars with varied genders, ages, body types, and skin tones to align with their target audience or brand requirements.

Bandy AI also allows users to swap photo backgrounds, from studio whites to lifestyle scenes, through its AI model and background changer.

Also, the product in hand tool further enables the visualization of products, such as cosmetics, being naturally held with by AI models, adding a lifestyle‑ready touch that boosts product appeal.

Best of all, Bandy AI includes over 100,000 fashion templates designed for various products like apparel, shoes, accessories, and cosmetics. These templates allow users to apply the perfect style quickly.

With Bandy AI, brands and e-commerce stores can generate consistent, high-quality, photorealistic product visuals effortlessly, ensuring scalable, ready-to-use imagery that elevates product presentation and sales performance.

The platform is available for use now and offers a free trial for new users to test its features, with paid plans available for more advanced needs.

For more information or to try Bandy AI, visit their website: https://bandy.ai.

Media Contact
Jessica Moreno, CEO
support@bandy.ai 

8Wonder reveals full star-studded lineup, featuring groundbreaking collaborations between vietnamese and international artists


HANOI, VIETNAM – Media OutReach Newswire 22 August 2025 VinWonders, a subsidiary of Vingroup, Vietnam’s largest private conglomerate and a driving force behind the nation’s economic and social development, has announced the full lineup for the 8Wonder super music festival, Moments of Wonder 2025. The reveal, which took place on the official 8Wonder fan page, sent social media into a frenzy with its impressive roster of global and local talent, reflecting Vingroup and VinWonders‘s immense scale and its role in redefining Vietnam’s position on the world stage.

Moments of Wonder 2025

Headlining the festival are world-renowned artists DJ Snake, J Balvin, The Kid Laroi, and DPR Ian. They will be joined by celebrated Vietnamese stars Soobin and Hoa Minzy, along with two new, highly anticipated additions: tlinh and (S)TRONG Trọng Hiếu.

Trọng Hiếu, a special guest for this year’s event, is known for his explosive stage presence and modern, Gen Z-infused hits. With his compelling performance style, international flair, and exceptional ability to connect with the crowd, he is set to electrify the stage at the National Exhibition Fair Center.

This year’s festival will feature a new and notable addition: the Wonder Sound Lab (WSL), a creative initiative designed to foster unprecedented musical partnerships. Described by organizers as a “musical laboratory,” the project will serve as a space for Vietnamese artists to experiment with and fuse their sound with that of international performers, leading to what are being hailed as historic, first-time collaborations.

This is where tlinh becomes the biggest revelation. The charismatic and unique Gen Z rapper will be the first Vietnamese artist to participate in the Wonder Sound Lab project. This marks the very first time a Vietnamese artist will officially perform alongside a world-class international star on a major festival stage in their home country.

While the specific international artist tlinh will perform with has not yet been revealed, this unprecedented “twist” has sparked immense excitement among music fans. Many have expressed pride, with one fan stating, “I’m going not just for DPR Ian, but because for the first time, I’ll see a Vietnamese person on the same stage, same vibe, with a global star. I’m so proud!” Another commented, “Witnessing Vietnamese artists perform with international stars on the most epic stage ever shows that Vietnamese music has truly reached a new level.”While the specific international artist tlinh will perform with has not yet been revealed, this unprecedented “twist” has sparked immense excitement among music fans. Many have expressed pride, with one fan stating, “I’m going not just for DPR Ian, but because for the first time, I’ll see a Vietnamese person on the same stage, same vibe, with a global star. I’m so proud!” Another commented, “Witnessing Vietnamese artists perform with international stars on the most epic stage ever shows that Vietnamese music has truly reached a new level.”

The 8Wonder stage featuring a spectacular sound and lighting system.
The 8Wonder stage featuring a spectacular sound and lighting system.

A Turning Point for Vietnamese Music

The live collaboration between tlinh, a young Vietnamese artist from the 2k generation, and a leading global star on the 8Wonder stage is more than just an exciting artistic highlight. It marks a moment of great significance, especially as it takes place during the 80th anniversary of Vietnam’s National Day. This event is a cultural statement, proving that Vietnamese people, especially the younger generation of artists, can stand confidently alongside the world’s best, not only in festival settings but also in artistic creations that demand professionalism and deep integration.

The Wonder Sound Lab project, which tlinh represents, serves as a symbolic catalyst for a new era. It signifies a shift where music is no longer a “local game” but a journey of expanding cultural identity. In this new phase, young Vietnamese artists will not only absorb international excellence but also actively help shape trends and create unique value within the global contemporary music landscape.

The 8Wonder stage will be a place where artists are not limited by nationality, race, or language. It will become a powerful connector, where Vietnamese people not only listen to the world sing but also proudly raise their own voices. The sight of a young Vietnamese artist performing alongside a global peer on their home turf fulfills a long-held desire for fans and opens the door to a new future. This moment is expected to be the beginning of a new chapter for Vietnam on the international music map, where Vietnamese artists are not only known but also eagerly anticipated and collaborated with as true peers.

Special Venue: A Symbol of Vietnamese Progress

The 8Wonder 2025: Moments of Wonder music festival will take place on August 23 at the National Exhibition Fair Center in the Dong Anh District of Hanoi. This venue is a symbol of national pride and a testament to Vingroup’s remarkable achievements.

The National Exhibition Fair Center is a state-level key project and one of the top 10 largest exhibition centers in the world. Vingroup was recently honored with the First-Class Labor Order for its exceptional work on this project, which was completed an astonishing 15 months ahead of schedule. This achievement was celebrated as a contribution to the 80th anniversary of Vietnam’s National Day and a significant boost to the socio-economic development of Hanoi and the nation.

Covering an area of approximately 900,000 square meters, the center is envisioned as a premier international destination for global trade and exhibitions, set to become a new landmark for Hanoi. The construction, which began on August 30, 2024, was handed over on June 27, 2025, a record-breaking completion in just 10 months. This rapid pace established a new benchmark for Vietnam’s construction sector, overcoming significant engineering challenges, including the execution of a massive, complex steel dome structure.

The accelerated completion of this project highlights Vingroup’s robust financial capacity, professional execution, and efficient project management. It also underscores the company’s commitment to national service and the growing strength of Vietnam’s private enterprises in the new era of global integration.

https://8wonder.vn/en
Hashtag: #8Wonder #VinWonders #MomentsofWonder2025

The issuer is solely responsible for the content of this announcement.

Do Something Together to Create a Sustainable Future—-SUS ENVIRONMENT Releases 2024 ESG Report

SHANGHAI, Aug. 22, 2025 /PRNewswire/ — Recently, the “2024 SUS ENVIRONMENT SUSTAINABILITY REPORT” was officially released, systematically presenting SUS ENVIRONMENT’s commitment to creating a cleaner and more friendly living environment through outstanding efforts in environmental protection, product liability, corporate governance, equity and inclusion, and community engagement.

Highlights of 2024 SUS ENVIRONMENT SUSTAINABILITY REPORT

From Waste to Wonder, Protecting the Environment

SUS has invested in 89 WtE projects (low-carbon eco-industrial parks), treating domestic waste of 120,000 tonnes per day by December 2024. The operated waste-to-energy projects processed 16,234,600 tonnes of municipal solid waste and generated 5,637.66 GWh of green on-grid energy—equivalent to an average of 481 kWh per tonne of waste processed in 2024. These projects treated 2,861,833 tonnes of leachate, resulting a COD reduction of 98,486 tonnes. The fly ash treatment volume was 428,465 tonnes, with fly ash resource utilization reaching 40,040 tonnes. The slag treatment volume was 3,789,820 tonnes.

Quality First, Innovation Driven

SUS adheres to technology innovation, achieving 316 authorized patents and releasing 34 national and industry standards in 2024. The company also undertook 34 national, provincial and municipal-level research projects. In 2024, the company-developed Municipal Solid Waste lncinerator Grate Ventures Standard was recognized as a “Shanghai Standard”. The Wuxi equipment manufacturing plant achieved zero product complaints and returns, with a first-pass qualification rate exceeding 98%. 18 waste-to-energy projects were rated as National AAA-Level Plant by December 31, 2024.

People-Oriented, Equity and Inclusion

As of December 31, 2024, the total number of employees was 3,576. In 2024, the total employee training hours reached 161,893 hours, with an average trainee satisfaction rate of 95%. The company actively organises various activities, such as Women’s Leadership Activity, Global Culture Integration Week, New Graduate Training Camp, Executive Leaders Program, etc.

Environmental Education, Community Engagement

As of December 31, 2024, the cumulative donation amount exceeded 1 million dollars. 11 projects have been recognized as “Environmental Education Practice Bases,” collectively receiving over 149,000 visitors. A total of 438 employees participated in volunteer activities, accumulating 2,305 hours of service. In 2024, the company launched a series of public welfare campaigns under the brand theme “City with Love, City without Waste”, promoted industry-academia-research integration to imporve industry and organized community co-development environmental activities

Justice and Equity, Risk Management

In 2024, the company achieved an audit coverage rate exceeding 90% and conducted 18 compliance training sessions, reaching over 3000 participants cumulatively, both online and offline. The company issued SUS Six Prohibitions. Zero major information security incidents were recorded.

Sustainability Honors

  • China Corporate Social Responsibility Ranking 2025 – Ecological and Environmental Contribution Award
  • Outstanding ESG Practicing Enterprises In the Waste-to-Energy Industry (2024)
  • Green Finance Green Energy Development Case

About SUS

SUS ENVIRONMENT is the global leading comprehensive environment provider.* As of June 2024, SUS ENVIRONMENT has established 11 management centers worldwide, providing environmental and energy services to over 100 million people. It has invested in and constructed 90 waste-to-energy projects (low-carbon Eco-industrial parks), with a daily processing capacity nearly 120,000 tons of municipal solid waste and annual green power generation of approximately 18,000 GWh. Its equipment and technology are applied in 300 waste-to-energy plants across the world, with a daily capacity over 300,000 tons of municipal solid waste.*

*Data from AVP Research and our open data from 2012 to date (Total Design Scale). The market performance data is as of June 30,2025.

 

Abu Dhabi to Host Inaugural Autonomous Week to Showcase the Future of Smart Mobility

  • Six-day event, organised by the Smart and Autonomous Systems Council (SASC), will showcase latest innovations in smart mobility, autonomous systems and robotics
  • Taking place between 10-15 November 2025, the event lineup includes the Abu Dhabi Autonomous Summit, DRIFTx, RoboCup Asia-Pacific, and A2RL

ABU DHABI, UAE, Aug. 22, 2025 /PRNewswire/ — Abu Dhabi will host the inaugural Abu Dhabi Autonomous Week (ADAW) from 10-15 November 2025, bringing together global leaders in smart mobility, autonomous systems, and advanced robotics. 

Organised by the Smart and Autonomous Systems Council (SASC) – the body tasked with shaping policies, fostering collaboration, and setting the strategic direction for Abu Dhabi’s smart and autonomous technologies sector, Abu Dhabi Autonomous Week will convene global innovators, investors, policymakers, and industry leaders to discuss, collaborate and showcase, the latest developments in AI, robotics, smart mobility, and autonomous technologies. 

 

Abu Dhabi to Host Inaugural Autonomous Week to Showcase the Future of Smart Mobility
Abu Dhabi to Host Inaugural Autonomous Week to Showcase the Future of Smart Mobility

 

The Council’s work has already enabled a number of autonomous milestones in Abu Dhabi, with public electric vertical take-off and landing (eVTOL) passenger aircraft demonstrations, and level 4 autonomous shuttle vehicle trials, just two of the most recent projects taking place in the emirate. Abu Dhabi is also home to the Smart and Autonomous Vehicle Industries (SAVI) cluster, launched in October 2023 by the Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Investment Office (ADIO). Located in Masdar City, SAVI establishes the emirate as a global hub for smart and autonomous mobility, spanning applications across autonomous vehicles, eVTOL aircraft, maritime systems, and robotics.

The launch of Abu Dhabi Autonomous Week supports the UAE capital’s work in progressing the future of smart and autonomous systems technologies, while leading the global development of the sector, and building an integrated innovation-driven ecosystem. With government backing, world-class infrastructure, and a progressive regulatory framework, the emirate is already rapidly accelerating the use of autonomous transport systems, including Robotaxis and autonomous buses, across land, air, sea, and industrial applications, enhancing efficiency, safety, and sustainability in the process. 

Abu Dhabi Autonomous Week Event Line-Up

10 November – Autonomous Summit

The six-day programme begins with the Abu Dhabi Autonomous Summit, where industry pioneers, policymakers, and investors will convene to take part in high-level dialogues that will define the next chapter of intelligent mobility.

10-12 November – DRIFTx Exhibition

Across three days, DRIFTx will showcase smart and autonomous mobility solutions across land, air, sea, and robotics in a live, interactive exhibition. 

10-15 November – RoboCup Asia-Pacific 

Running concurrently from 10-15 November, RoboCup Asia-Pacific 2025, hosted by Khalifa University and held for the first time in the MENA region, will bring together top international teams to compete in AI-driven autonomous robotics challenges. 

15 November – Abu Dhabi Autonomous Racing League (A2RL)

ADAW will conclude with the second edition of Abu Dhabi Autonomous Racing League, A2RL, a motorsport display demonstrating the cutting edge of autonomous racing technology. Organised by ASPIRE and Abu Dhabi’s Advanced Technology Research Council (ATRC), the event will feature a US$2.5 million prize pool and be attended by elite research teams from 10 countries.  

For more information on Abu Dhabi Autonomous Week 2025, please visit http://www.autonomous.abudhabi.

About the Smart and Autonomous Systems Council (SASC) 

Established in 2024, the Smart and Autonomous Systems Council (SASC) is responsible for setting the strategic direction of Abu Dhabi’s smart and autonomous technologies sector. Driving policy, regulation, investment, and innovation through collaboration with government entities, global innovators, and industry stakeholders, SASC is shaping a world-class ecosystem that positions Abu Dhabi at the forefront of future technologies and as a leading global hub for intelligent mobility and autonomous systems.

About Abu Dhabi Autonomous Week

Abu Dhabi Autonomous Week (ADAW) is the emirate’s flagship platform for advancing smart mobility and autonomous systems across land, sea, air, and industry. Organised by the Smart and Autonomous Systems Council (SASC), the inaugural edition brings together global industry leaders, policymakers, innovators, and investors to connect, collaborate, and accelerate the future of autonomous technology. Commencing with the Abu Dhabi Autonomous Summit, the week’s flagship event for high-level dialogue and partnerships, the programme is further strengthened by initiatives such as DRIFTx, RoboCup Asia-Pacific (RCAP 2025) and Abu Dhabi Autonomous Racing League (A2RL), reinforcing Abu Dhabi’s role as a global hub for innovation, investment, and the safe, sustainable deployment of autonomous technologies.