View ValuationZhihu 향후 성장Future 기준 점검 0/6Zhihu (는) 각각 연간 93.5% 및 0.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 104.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 2.4% 로 예상됩니다.핵심 정보93.5%이익 성장률104.58%EPS 성장률Interactive Media and Services 이익 성장30.5%매출 성장률0.9%향후 자기자본이익률2.40%애널리스트 커버리지Good마지막 업데이트29 Mar 2026최근 향후 성장 업데이트Breakeven Date Change • May 20No longer forecast to breakevenThe 6 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥388.0m in 2027. New consensus forecast suggests the company will make a loss of CN¥21.4m in 2028.Breakeven Date Change • Jun 13No longer forecast to breakevenThe 7 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥104.6m in 2026. New consensus forecast suggests the company will make a loss of CN¥11.5m in 2026.Breakeven Date Change • Dec 31Forecast to breakeven in 2026The 9 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥104.6m in 2026. Average annual earnings growth of 75% is required to achieve expected profit on schedule.Breakeven Date Change • Aug 25Forecast to breakeven in 2025The 11 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 51% per year to 2024. The company is expected to make a profit of CN¥5.00m in 2025. Average annual earnings growth of 80% is required to achieve expected profit on schedule.Breakeven Date Change • May 25The 12 analysts covering Zhihu previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 48% per year to 2024. The company is expected to make a profit of CN¥34.8m in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule.Breakeven Date Change • Mar 26No longer forecast to breakevenThe 12 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥145.8m in 2025. New consensus forecast suggests the company will make a loss of CN¥76.7m in 2025.모든 업데이트 보기Recent updatesBreakeven Date Change • May 20No longer forecast to breakevenThe 6 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥388.0m in 2027. New consensus forecast suggests the company will make a loss of CN¥21.4m in 2028.공시 • May 11Zhihu Inc. to Report Q1, 2026 Results on Jun 03, 2026Zhihu Inc. announced that they will report Q1, 2026 results Pre-Market on Jun 03, 2026공시 • Mar 25Zhihu Inc. Reports Impairment of Goodwill for the Fourth Quarter Ended December 31, 2025Zhihu Inc. reported impairment of goodwill for the fourth quarter ended December 31, 2025. For the quarter, the company reported impairment loss on goodwill of RMB 126,344,000.공시 • Mar 03Zhihu Inc. to Report Q4, 2025 Results on Mar 25, 2026Zhihu Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 25, 2026공시 • Oct 30Zhihu Inc. to Report Q3, 2025 Results on Nov 25, 2025Zhihu Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 25, 2025공시 • Sep 30Zhihu Inc. Announces Resignation of Chief Technology Officer, Effective September 30, 2025Zhihu Inc. announced the resignation of Mr. Bin Sun from his position as the Company’s chief technology officer due to personal reasons, effective from September 30, 2025.공시 • Jul 30Zhihu Inc. to Report Q2, 2025 Results on Aug 27, 2025Zhihu Inc. announced that they will report Q2, 2025 results on Aug 27, 2025공시 • May 28Zhihu Inc., Annual General Meeting, Jun 25, 2025Zhihu Inc., Annual General Meeting, Jun 25, 2025, at 10:00 China Standard Time. Location: room xinzhi, floor 1, zone c, china industry-academy-research, achievement transformation center, no. 18a xueqing road, haidian district, , prc., beijing China공시 • May 13Zhihu Inc. to Report Q1, 2025 Results on May 27, 2025Zhihu Inc. announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on May 27, 2025공시 • Feb 27Zhihu Inc. to Report Fiscal Year 2024 Results on Mar 26, 2025Zhihu Inc. announced that they will report fiscal year 2024 results on Mar 26, 2025공시 • Nov 11Zhihu Inc. to Report Q3, 2024 Results on Nov 26, 2024Zhihu Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 26, 2024Buy Or Sell Opportunity • Oct 03Now 28% undervaluedOver the last 90 days, the stock has risen 28% to €3.48. The fair value is estimated to be €4.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are also forecast to grow by 92% per annum over the same time period.Reported Earnings • Aug 23Second quarter 2024 earnings released: CN¥0.89 loss per share (vs CN¥2.76 loss in 2Q 2023)Second quarter 2024 results: CN¥0.89 loss per share (improved from CN¥2.76 loss in 2Q 2023). Revenue: CN¥933.8m (down 11% from 2Q 2023). Net loss: CN¥82.7m (loss narrowed 70% from 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 9.7% growth forecast for the Interactive Media and Services industry in Europe.공시 • Aug 09Zhihu Inc. to Report Q2, 2024 Results on Aug 22, 2024Zhihu Inc. announced that they will report Q2, 2024 results After-Market on Aug 22, 2024공시 • Jul 20Zhihu Inc. (NYSE:ZH) announces an Equity Buyback for 46,921,448 shares, representing 15.93% for HKD 427.45 million.Zhihu Inc. (NYSE:ZH) announces a share repurchase program. Under the program, the company will repurchase up to 6,921,448 Class A Ordinary Shares (including in the form of ADSs), representing approximately 15.93% of its issued share capital, for HKD 427.45 million. The shares will be repurchased at a price of HKD 9.11 per Class A Ordinary Share (equivalent of $3.50 per ADS). The repurchases will be funded fully by internal cash resources of the Group. The Offer will provide an opportunity for the Shareholders and ADS holders either to tender Class A Ordinary Shares (including in the form of ADSs) to realize part of their investments in the Company at a premium to recent market prices and improve liquidity. The program is subject to approval of shareholders on or before the Long Stop Date. As of July 19, 2024, the company had 294,632,386 Shares issued and outstanding, which comprised 277,238,720 Class A Ordinary Shares and 17,393,666 Class B Ordinary Shares issued and outstanding.Reported Earnings • Jun 14First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: CN¥960.9m (down 3.4% from 1Q 2023). Net loss: CN¥164.8m (loss narrowed 9.1% from 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe.New Risk • Jun 13New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CN¥844m Forecast net loss in 3 years: CN¥11m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (57% average daily change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (CN¥11m net loss in 3 years).Breakeven Date Change • Jun 13No longer forecast to breakevenThe 7 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥104.6m in 2026. New consensus forecast suggests the company will make a loss of CN¥11.5m in 2026.공시 • Jun 06Zhihu Inc. Announces Executive ChangesZhihu Inc. announced the appointment of Mr. Bin Sun as the Company's chief technology officer, effective immediately. Mr. Dahai Li resigned as the Company's chief technology officer due to his commitment of serving full-time as the chief executive officer of Modelbest, a technology start-up company dedicated to AI and large language models. Mr. Li will remain as a director of Zhihu. Mr. Sun is a seasoned technology leader with extensive experience in leading technology teams and developing technology strategies. Prior to joining the Company, Mr. Sun served as the Vice President of iQIYI Inc., where he spearheaded intelligent digital production, big data, and business intelligence initiatives. Prior to that, Mr. Sun served as the Deputy General Manager of Perfect World's education business from 2015 to 2017. Before that, Mr. Sun served in various positions related to product and engineering at technology companies such as Microsoft and Yahoo from 2006 to 2015. Mr. Sun holds a Bachelor's and a Master's degree in Computer Science from Harbin Institute of Technology.공시 • May 31Zhihu Inc., Annual General Meeting, Jun 26, 2024Zhihu Inc., Annual General Meeting, Jun 26, 2024, at 10:00 China Standard Time. Location: room landing, floor 1, zone b, china industry-academy--research, achievement transformation center, no. 18a xueqing road, haidian district, beijing, China공시 • May 29Zhihu Inc. to Report Q1, 2024 Results on Jun 12, 2024Zhihu Inc. announced that they will report Q1, 2024 results Pre-Market on Jun 12, 2024Reported Earnings • Apr 29Full year 2023 earnings released: CN¥1.41 loss per share (vs CN¥2.59 loss in FY 2022)Full year 2023 results: CN¥1.41 loss per share (improved from CN¥2.59 loss in FY 2022). Revenue: CN¥4.20b (up 17% from FY 2022). Net loss: CN¥843.6m (loss narrowed 47% from FY 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe.Reported Earnings • Mar 27Full year 2023 earnings released: CN¥1.41 loss per share (vs CN¥2.59 loss in FY 2022)Full year 2023 results: CN¥1.41 loss per share (improved from CN¥2.59 loss in FY 2022). Revenue: CN¥4.20b (up 17% from FY 2022). Net loss: CN¥843.6m (loss narrowed 47% from FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe.공시 • Mar 14Zhihu Inc. to Report Q4, 2023 Results on Mar 26, 2024Zhihu Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 26, 2024공시 • Feb 19+ 1 more updateZhihu Inc. Announces Chief Financial Officer ChangesZhihu Inc. announced the appointment of Mr. Han Wang as the chief financial officer of the Company, effective immediately. Mr. Henry Dachuan Sha resigned as the chief financial officer and is appointed as the chief investment officer of the Company, effective immediately. Prior to joining the Company, from 2020 to 2023, Mr. Wang was with Access Technology Ventures, a global investment platform under Access Industries Inc., the private holding company and investment firm founded by businessman and philanthropist Len Blavatnik. Prior to that, he held senior positions at leading investment firms, including at Hillhouse Capital as a Vice President between 2018 and 2020, and at Legend Capital as a Director from 2015 to 2018. Mr. Wang received a bachelor's degree in communication engineering from Beijing University of Posts and Telecommunications in China in 2012.Breakeven Date Change • Dec 31Forecast to breakeven in 2026The 9 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥104.6m in 2026. Average annual earnings growth of 75% is required to achieve expected profit on schedule.Reported Earnings • Dec 01Third quarter 2023 earnings released: CN¥0.47 loss per share (vs CN¥0.49 loss in 3Q 2022)Third quarter 2023 results: CN¥0.47 loss per share (improved from CN¥0.49 loss in 3Q 2022). Revenue: CN¥1.02b (up 12% from 3Q 2022). Net loss: CN¥278.7m (loss narrowed 7.2% from 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Europe.New Risk • Nov 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding).공시 • Nov 17Zhihu Inc. to Report Q3, 2023 Results on Nov 29, 2023Zhihu Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 29, 2023Breakeven Date Change • Aug 25Forecast to breakeven in 2025The 11 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 51% per year to 2024. The company is expected to make a profit of CN¥5.00m in 2025. Average annual earnings growth of 80% is required to achieve expected profit on schedule.New Risk • Aug 24New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥941m Forecast net loss in 2 years: CN¥200m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥200m net loss in 2 years).Reported Earnings • Aug 23Second quarter 2023 earnings released: CN¥0.46 loss per share (vs CN¥0.79 loss in 2Q 2022)Second quarter 2023 results: CN¥0.46 loss per share (improved from CN¥0.79 loss in 2Q 2022). Revenue: CN¥1.04b (up 25% from 2Q 2022). Net loss: CN¥279.8m (loss narrowed 43% from 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in Germany.공시 • Aug 12Zhihu Inc. to Report Q2, 2023 Results on Aug 23, 2023Zhihu Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 23, 2023New Risk • Jul 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥350m net loss in 2 years).New Risk • Jun 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥350m net loss in 2 years). Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (5.7% increase in shares outstanding).Breakeven Date Change • May 25The 12 analysts covering Zhihu previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 48% per year to 2024. The company is expected to make a profit of CN¥34.8m in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule.공시 • May 25Zhihu Inc. Announces Changes in Board CommitteesZhihu Inc. announced that the Board has approved to split the nominating and corporate governance committee of the Board into a nomination committee and a corporate governance committee with separate functions and responsibilities under separate charters. The Nomination Committee will comprise Mr. Yuan Zhou, Ms. Hope Ni, Mr. Hanhui Sam Sun, and Mr. Derek Chen, with Ms. Hope Ni appointed as the chairperson of the Nomination Committee. The Corporate Governance Committee will comprise Ms. Hope Ni, Mr. Hanhui Sam Sun and Mr. Derek Chen, with Mr. Derek Chen appointed as the chairperson of the Corporate Governance Committee. These changes are effective May 24, 2023.Reported Earnings • May 25First quarter 2023 earnings released: CN¥0.30 loss per share (vs CN¥1.02 loss in 1Q 2022)First quarter 2023 results: CN¥0.30 loss per share (improved from CN¥1.02 loss in 1Q 2022). Revenue: CN¥994.2m (up 34% from 1Q 2022). Net loss: CN¥181.4m (loss narrowed 71% from 1Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.공시 • May 13Zhihu Inc. to Report Q1, 2023 Results on May 24, 2023Zhihu Inc. announced that they will report Q1, 2023 results Pre-Market on May 24, 2023Breakeven Date Change • Mar 26No longer forecast to breakevenThe 12 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥145.8m in 2025. New consensus forecast suggests the company will make a loss of CN¥76.7m in 2025.Breakeven Date Change • Mar 24Forecast to breakeven in 2025The 12 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 57% per year to 2024. The company is expected to make a profit of CN¥93.0m in 2025. Average annual earnings growth of 85% is required to achieve expected profit on schedule.Buying Opportunity • Feb 23Now 27% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.Buying Opportunity • Jan 27Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.Buying Opportunity • Jan 11Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.공시 • Jan 03+ 1 more updateZhihu Inc. Announces Chief Financial Officer ChangesZhihu Inc. announced that its board of directors has appointed Mr. Henry Dachuan Sha as Chief Financial Officer of the Company, effective immediately. Mr. Sha will replace Mr. Wei Sun, who has tendered his resignation from the position of chief financial officer to pursue other business endeavors. Prior to joining the company, Mr. Sha served as the Chief Financial Officer of Quwan Holding Limited between October 2020 and December 2022. From September 2017 to December 2019, Mr. Sha served as the Chief Financial Officer of Huya Inc. Before his corporate career, Mr. Sha was a director of Greenwoods Asset Management from May 2015 to August 2017. He also worked at China Media Capital between August 2013 and July 2014. From August 2011 to August 2013, Mr. Sha worked in the Investment Banking Division of Goldman Sachs. Mr. Sha received a bachelor's degree in electronic engineering and a bachelor's degree in accounting from Fudan University in the PRC in July 2008 and July 2009, respectively.Breakeven Date Change • Dec 31Forecast to breakeven in 2025The 14 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥145.8m in 2025. Average annual earnings growth of 56% is required to achieve expected profit on schedule.Board Change • Dec 20Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Derek Chen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.이익 및 매출 성장 예측DB:5BU0 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20283,037-2150N/A212/31/20272,592-22-6251612/31/20262,503-64-128-54312/31/20252,749-193-365-364N/A9/30/20252,965102N/AN/AN/A6/30/20253,151138-54-52N/A3/31/20253,368-17N/AN/AN/A12/31/20243,599-172-283-280N/A9/30/20243,878-362N/AN/AN/A6/30/20244,055-630-756-749N/A3/31/20244,166-827N/AN/AN/A12/31/20234,199-844-424-416N/A9/30/20234,175-920N/AN/AN/A6/30/20234,064-941N/AN/AN/A3/31/20233,856-1,148N/AN/AN/A12/31/20223,605-1,581-1,116-1,115N/A9/30/20223,510-1,785N/AN/AN/A6/30/20223,422-1,754N/AN/AN/A3/31/20223,224-1,588N/AN/AN/A12/31/20212,959-1,469-448-440N/A9/30/20212,460-1,346N/AN/AN/A6/30/20212,019-1,359N/AN/AN/A3/31/20211,642-1,327N/AN/AN/A12/31/20201,352-1,198-246-244N/A9/30/20201,056-1,343-492-490N/A12/31/2019671-1,431-721-716N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 5BU0 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 vs 시장: 5BU0 향후 3년 동안 수익성이 없을 것으로 예상됩니다.고성장 수익: 5BU0 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 대 시장: 5BU0 의 수익(연간 0.9%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 5BU0 의 수익(연간 0.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 5BU0의 자본 수익률은 3년 후 2.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMedia 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 21:34종가2026/05/21 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Zhihu Inc.는 11명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Xueqing ZhangChina International Capital Corporation LimitedYi Jing WeiCitigroup IncYang YouCLSA8명의 분석가 더 보기
Breakeven Date Change • May 20No longer forecast to breakevenThe 6 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥388.0m in 2027. New consensus forecast suggests the company will make a loss of CN¥21.4m in 2028.
Breakeven Date Change • Jun 13No longer forecast to breakevenThe 7 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥104.6m in 2026. New consensus forecast suggests the company will make a loss of CN¥11.5m in 2026.
Breakeven Date Change • Dec 31Forecast to breakeven in 2026The 9 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥104.6m in 2026. Average annual earnings growth of 75% is required to achieve expected profit on schedule.
Breakeven Date Change • Aug 25Forecast to breakeven in 2025The 11 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 51% per year to 2024. The company is expected to make a profit of CN¥5.00m in 2025. Average annual earnings growth of 80% is required to achieve expected profit on schedule.
Breakeven Date Change • May 25The 12 analysts covering Zhihu previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 48% per year to 2024. The company is expected to make a profit of CN¥34.8m in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule.
Breakeven Date Change • Mar 26No longer forecast to breakevenThe 12 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥145.8m in 2025. New consensus forecast suggests the company will make a loss of CN¥76.7m in 2025.
Breakeven Date Change • May 20No longer forecast to breakevenThe 6 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥388.0m in 2027. New consensus forecast suggests the company will make a loss of CN¥21.4m in 2028.
공시 • May 11Zhihu Inc. to Report Q1, 2026 Results on Jun 03, 2026Zhihu Inc. announced that they will report Q1, 2026 results Pre-Market on Jun 03, 2026
공시 • Mar 25Zhihu Inc. Reports Impairment of Goodwill for the Fourth Quarter Ended December 31, 2025Zhihu Inc. reported impairment of goodwill for the fourth quarter ended December 31, 2025. For the quarter, the company reported impairment loss on goodwill of RMB 126,344,000.
공시 • Mar 03Zhihu Inc. to Report Q4, 2025 Results on Mar 25, 2026Zhihu Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 25, 2026
공시 • Oct 30Zhihu Inc. to Report Q3, 2025 Results on Nov 25, 2025Zhihu Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 25, 2025
공시 • Sep 30Zhihu Inc. Announces Resignation of Chief Technology Officer, Effective September 30, 2025Zhihu Inc. announced the resignation of Mr. Bin Sun from his position as the Company’s chief technology officer due to personal reasons, effective from September 30, 2025.
공시 • Jul 30Zhihu Inc. to Report Q2, 2025 Results on Aug 27, 2025Zhihu Inc. announced that they will report Q2, 2025 results on Aug 27, 2025
공시 • May 28Zhihu Inc., Annual General Meeting, Jun 25, 2025Zhihu Inc., Annual General Meeting, Jun 25, 2025, at 10:00 China Standard Time. Location: room xinzhi, floor 1, zone c, china industry-academy-research, achievement transformation center, no. 18a xueqing road, haidian district, , prc., beijing China
공시 • May 13Zhihu Inc. to Report Q1, 2025 Results on May 27, 2025Zhihu Inc. announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on May 27, 2025
공시 • Feb 27Zhihu Inc. to Report Fiscal Year 2024 Results on Mar 26, 2025Zhihu Inc. announced that they will report fiscal year 2024 results on Mar 26, 2025
공시 • Nov 11Zhihu Inc. to Report Q3, 2024 Results on Nov 26, 2024Zhihu Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 26, 2024
Buy Or Sell Opportunity • Oct 03Now 28% undervaluedOver the last 90 days, the stock has risen 28% to €3.48. The fair value is estimated to be €4.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are also forecast to grow by 92% per annum over the same time period.
Reported Earnings • Aug 23Second quarter 2024 earnings released: CN¥0.89 loss per share (vs CN¥2.76 loss in 2Q 2023)Second quarter 2024 results: CN¥0.89 loss per share (improved from CN¥2.76 loss in 2Q 2023). Revenue: CN¥933.8m (down 11% from 2Q 2023). Net loss: CN¥82.7m (loss narrowed 70% from 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 9.7% growth forecast for the Interactive Media and Services industry in Europe.
공시 • Aug 09Zhihu Inc. to Report Q2, 2024 Results on Aug 22, 2024Zhihu Inc. announced that they will report Q2, 2024 results After-Market on Aug 22, 2024
공시 • Jul 20Zhihu Inc. (NYSE:ZH) announces an Equity Buyback for 46,921,448 shares, representing 15.93% for HKD 427.45 million.Zhihu Inc. (NYSE:ZH) announces a share repurchase program. Under the program, the company will repurchase up to 6,921,448 Class A Ordinary Shares (including in the form of ADSs), representing approximately 15.93% of its issued share capital, for HKD 427.45 million. The shares will be repurchased at a price of HKD 9.11 per Class A Ordinary Share (equivalent of $3.50 per ADS). The repurchases will be funded fully by internal cash resources of the Group. The Offer will provide an opportunity for the Shareholders and ADS holders either to tender Class A Ordinary Shares (including in the form of ADSs) to realize part of their investments in the Company at a premium to recent market prices and improve liquidity. The program is subject to approval of shareholders on or before the Long Stop Date. As of July 19, 2024, the company had 294,632,386 Shares issued and outstanding, which comprised 277,238,720 Class A Ordinary Shares and 17,393,666 Class B Ordinary Shares issued and outstanding.
Reported Earnings • Jun 14First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: CN¥960.9m (down 3.4% from 1Q 2023). Net loss: CN¥164.8m (loss narrowed 9.1% from 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe.
New Risk • Jun 13New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CN¥844m Forecast net loss in 3 years: CN¥11m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (57% average daily change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (CN¥11m net loss in 3 years).
Breakeven Date Change • Jun 13No longer forecast to breakevenThe 7 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥104.6m in 2026. New consensus forecast suggests the company will make a loss of CN¥11.5m in 2026.
공시 • Jun 06Zhihu Inc. Announces Executive ChangesZhihu Inc. announced the appointment of Mr. Bin Sun as the Company's chief technology officer, effective immediately. Mr. Dahai Li resigned as the Company's chief technology officer due to his commitment of serving full-time as the chief executive officer of Modelbest, a technology start-up company dedicated to AI and large language models. Mr. Li will remain as a director of Zhihu. Mr. Sun is a seasoned technology leader with extensive experience in leading technology teams and developing technology strategies. Prior to joining the Company, Mr. Sun served as the Vice President of iQIYI Inc., where he spearheaded intelligent digital production, big data, and business intelligence initiatives. Prior to that, Mr. Sun served as the Deputy General Manager of Perfect World's education business from 2015 to 2017. Before that, Mr. Sun served in various positions related to product and engineering at technology companies such as Microsoft and Yahoo from 2006 to 2015. Mr. Sun holds a Bachelor's and a Master's degree in Computer Science from Harbin Institute of Technology.
공시 • May 31Zhihu Inc., Annual General Meeting, Jun 26, 2024Zhihu Inc., Annual General Meeting, Jun 26, 2024, at 10:00 China Standard Time. Location: room landing, floor 1, zone b, china industry-academy--research, achievement transformation center, no. 18a xueqing road, haidian district, beijing, China
공시 • May 29Zhihu Inc. to Report Q1, 2024 Results on Jun 12, 2024Zhihu Inc. announced that they will report Q1, 2024 results Pre-Market on Jun 12, 2024
Reported Earnings • Apr 29Full year 2023 earnings released: CN¥1.41 loss per share (vs CN¥2.59 loss in FY 2022)Full year 2023 results: CN¥1.41 loss per share (improved from CN¥2.59 loss in FY 2022). Revenue: CN¥4.20b (up 17% from FY 2022). Net loss: CN¥843.6m (loss narrowed 47% from FY 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe.
Reported Earnings • Mar 27Full year 2023 earnings released: CN¥1.41 loss per share (vs CN¥2.59 loss in FY 2022)Full year 2023 results: CN¥1.41 loss per share (improved from CN¥2.59 loss in FY 2022). Revenue: CN¥4.20b (up 17% from FY 2022). Net loss: CN¥843.6m (loss narrowed 47% from FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe.
공시 • Mar 14Zhihu Inc. to Report Q4, 2023 Results on Mar 26, 2024Zhihu Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 26, 2024
공시 • Feb 19+ 1 more updateZhihu Inc. Announces Chief Financial Officer ChangesZhihu Inc. announced the appointment of Mr. Han Wang as the chief financial officer of the Company, effective immediately. Mr. Henry Dachuan Sha resigned as the chief financial officer and is appointed as the chief investment officer of the Company, effective immediately. Prior to joining the Company, from 2020 to 2023, Mr. Wang was with Access Technology Ventures, a global investment platform under Access Industries Inc., the private holding company and investment firm founded by businessman and philanthropist Len Blavatnik. Prior to that, he held senior positions at leading investment firms, including at Hillhouse Capital as a Vice President between 2018 and 2020, and at Legend Capital as a Director from 2015 to 2018. Mr. Wang received a bachelor's degree in communication engineering from Beijing University of Posts and Telecommunications in China in 2012.
Breakeven Date Change • Dec 31Forecast to breakeven in 2026The 9 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥104.6m in 2026. Average annual earnings growth of 75% is required to achieve expected profit on schedule.
Reported Earnings • Dec 01Third quarter 2023 earnings released: CN¥0.47 loss per share (vs CN¥0.49 loss in 3Q 2022)Third quarter 2023 results: CN¥0.47 loss per share (improved from CN¥0.49 loss in 3Q 2022). Revenue: CN¥1.02b (up 12% from 3Q 2022). Net loss: CN¥278.7m (loss narrowed 7.2% from 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Europe.
New Risk • Nov 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
공시 • Nov 17Zhihu Inc. to Report Q3, 2023 Results on Nov 29, 2023Zhihu Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 29, 2023
Breakeven Date Change • Aug 25Forecast to breakeven in 2025The 11 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 51% per year to 2024. The company is expected to make a profit of CN¥5.00m in 2025. Average annual earnings growth of 80% is required to achieve expected profit on schedule.
New Risk • Aug 24New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥941m Forecast net loss in 2 years: CN¥200m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥200m net loss in 2 years).
Reported Earnings • Aug 23Second quarter 2023 earnings released: CN¥0.46 loss per share (vs CN¥0.79 loss in 2Q 2022)Second quarter 2023 results: CN¥0.46 loss per share (improved from CN¥0.79 loss in 2Q 2022). Revenue: CN¥1.04b (up 25% from 2Q 2022). Net loss: CN¥279.8m (loss narrowed 43% from 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in Germany.
공시 • Aug 12Zhihu Inc. to Report Q2, 2023 Results on Aug 23, 2023Zhihu Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 23, 2023
New Risk • Jul 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥350m net loss in 2 years).
New Risk • Jun 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥350m net loss in 2 years). Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (5.7% increase in shares outstanding).
Breakeven Date Change • May 25The 12 analysts covering Zhihu previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 48% per year to 2024. The company is expected to make a profit of CN¥34.8m in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule.
공시 • May 25Zhihu Inc. Announces Changes in Board CommitteesZhihu Inc. announced that the Board has approved to split the nominating and corporate governance committee of the Board into a nomination committee and a corporate governance committee with separate functions and responsibilities under separate charters. The Nomination Committee will comprise Mr. Yuan Zhou, Ms. Hope Ni, Mr. Hanhui Sam Sun, and Mr. Derek Chen, with Ms. Hope Ni appointed as the chairperson of the Nomination Committee. The Corporate Governance Committee will comprise Ms. Hope Ni, Mr. Hanhui Sam Sun and Mr. Derek Chen, with Mr. Derek Chen appointed as the chairperson of the Corporate Governance Committee. These changes are effective May 24, 2023.
Reported Earnings • May 25First quarter 2023 earnings released: CN¥0.30 loss per share (vs CN¥1.02 loss in 1Q 2022)First quarter 2023 results: CN¥0.30 loss per share (improved from CN¥1.02 loss in 1Q 2022). Revenue: CN¥994.2m (up 34% from 1Q 2022). Net loss: CN¥181.4m (loss narrowed 71% from 1Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.
공시 • May 13Zhihu Inc. to Report Q1, 2023 Results on May 24, 2023Zhihu Inc. announced that they will report Q1, 2023 results Pre-Market on May 24, 2023
Breakeven Date Change • Mar 26No longer forecast to breakevenThe 12 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥145.8m in 2025. New consensus forecast suggests the company will make a loss of CN¥76.7m in 2025.
Breakeven Date Change • Mar 24Forecast to breakeven in 2025The 12 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 57% per year to 2024. The company is expected to make a profit of CN¥93.0m in 2025. Average annual earnings growth of 85% is required to achieve expected profit on schedule.
Buying Opportunity • Feb 23Now 27% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.
Buying Opportunity • Jan 27Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.
Buying Opportunity • Jan 11Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.
공시 • Jan 03+ 1 more updateZhihu Inc. Announces Chief Financial Officer ChangesZhihu Inc. announced that its board of directors has appointed Mr. Henry Dachuan Sha as Chief Financial Officer of the Company, effective immediately. Mr. Sha will replace Mr. Wei Sun, who has tendered his resignation from the position of chief financial officer to pursue other business endeavors. Prior to joining the company, Mr. Sha served as the Chief Financial Officer of Quwan Holding Limited between October 2020 and December 2022. From September 2017 to December 2019, Mr. Sha served as the Chief Financial Officer of Huya Inc. Before his corporate career, Mr. Sha was a director of Greenwoods Asset Management from May 2015 to August 2017. He also worked at China Media Capital between August 2013 and July 2014. From August 2011 to August 2013, Mr. Sha worked in the Investment Banking Division of Goldman Sachs. Mr. Sha received a bachelor's degree in electronic engineering and a bachelor's degree in accounting from Fudan University in the PRC in July 2008 and July 2009, respectively.
Breakeven Date Change • Dec 31Forecast to breakeven in 2025The 14 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥145.8m in 2025. Average annual earnings growth of 56% is required to achieve expected profit on schedule.
Board Change • Dec 20Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Derek Chen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.