Zkh Group Limited's

The company is involved in legal proceedings, including lawsuits and arbitrations initiated by competitors and other parties, which may affect its financial performance. It is exposed to risks from adverse government policies on international trade, such as tariffs and sanctions between the United States and China, which could negatively influence its operations. The company depends on intellectual property protections, including software registrations, trademarks, and proprietary technologies, but faces risks related to infringement, misappropriation, and enforcement challenges, particularly in mainland China. It also relies on third-party technologies and licenses that may not always be accessible on favorable terms. Additionally, open source software licenses present risks that could impact the company's proprietary rights and competitive position. Government initiatives in China focused on economic growth and resource allocation may have varying effects, potentially adversely affecting the company's financial condition and competitiveness.