Company: ZKH
Filing Date: 2025-04-17
Form Type: 20-F
Source: 0001410578-25-000779
Chunk: 2

Company: ZKH Group Ltd
Filing Date: 2025-04-17
Form: 20-F
Item: Item 11
Chunk 2
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 primarily negotiable instruments with cash settlement from commercial banks, which we believe are of high credit quality, within six months.

We rely on a limited number of third parties to provide payment processing services to collect amounts due from customers. Payment service providers are financial institutions, credit card companies and online payment platforms which we believe are of high credit quality. As of December 31, 2024, cash held in accounts managed by online payment platforms, such as Alipay, amounted to RMB7.59 million (US$1.04 million), respectively.

Our accounts receivable is unsecured and is derived from revenues earned from our customers in China. Our net accounts receivable was RMB3,090.3 million (US$423.4 million) as of December 31, 2024. The credit risk with respect to accounts receivable is mitigated by credit control policies we carry out with respect to our customers and our ongoing monitoring process of outstanding balances.