KRKR vs ZH
36Kr Holdings Inc. and Zhihu Inc., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | KRKR | ZH |
|---|---|---|
| Revenue | CNY 227.9M | CNY 2.7B |
| Net income | CNY 11.4M | CNY -195.2M |
| Gross margin | 57.7% | 59.9% |
| Net margin | 5.0% | −7.1% |
| Return on equity | 9.3% | −4.9% |
| Diluted EPS | CNY 0.01 | −CNY 0.80 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | CNY 18.9M | CNY -364.9M |
| Equity | CNY 128.8M | CNY 3.8B |
| Net debt / equity | — | −0.88× |
| Current ratio | 1.21× | 3.73× |
| Revenue CAGR 5y | −10.0% | 15.2% |
| Profit CAGR 5y | — | — |
ZH bills 12.1× the revenue of KRKR, and ZH closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
7 years side by side
| Fiscal year | KRKR | ZH |
|---|---|---|
| FY2025 | CNY 227.9M | CNY 2.7B |
| FY2024 | CNY 231.1M | CNY 3.6B |
| FY2023 | CNY 340.2M | CNY 4.2B |
| FY2022 | CNY 322.5M | CNY 3.6B |
| FY2021 | CNY 316.8M | CNY 3.0B |
| FY2020 | CNY 386.8M | CNY 1.4B |
| FY2019 | CNY 655.6M | CNY 670.5M |
Net income by year
Bottom line
| Fiscal year | KRKR | ZH |
|---|---|---|
| FY2025 | CNY 11.4M | CNY -195.2M |
| FY2024 | CNY -140.8M | CNY -169.0M |
| FY2023 | CNY -89.2M | CNY -839.5M |
| FY2022 | CNY 22.6M | CNY -1.6B |
| FY2021 | CNY -90.6M | CNY -1.3B |
| FY2020 | CNY -279.3M | CNY -517.5M |
| FY2019 | CNY -25.9M | CNY -1.0B |