Zhihu Inc.

NYSE:ZH 주식 리포트

시가총액: US$252.1m

Zhihu 과거 순이익 실적

과거 기준 점검 0/6

Zhihu은 연평균 41.6%의 비율로 수입이 증가해 온 반면, Interactive Media and Services 산업은 연평균 21.1%의 비율로 증가했습니다. 매출은 연평균 4.3%의 비율로 증가했습니다.

핵심 정보

41.61%

순이익 성장률

58.62%

주당순이익(EPS) 성장률

Interactive Media and Services 산업 성장률6.15%
매출 성장률4.31%
자기자본이익률-5.05%
순이익률-7.16%
최근 순이익 업데이트31 Mar 2026

최근 과거 실적 업데이트

Recent updates

Seeking Alpha Jun 12

Zhihu: Trapped Between Structural Erosion And Fundamental Pivots

Summary Zhihu delivered a revenue and earnings beat in Q1 26, driven by cost control but faces ongoing fundamental decline. We maintain a Hold rating, citing competitive threats from AI apps and an identity crisis as ZH pivots from knowledge-sharing to IP monetization. ZH trades at a 60% discount to net cash, limiting downside, but weak user growth and unproven IP monetization cap upside. Valuation implies asymmetric opportunity, but we remain neutral until paid user growth or IP monetization meaningfully improves. Read the full article on Seeking Alpha
내러티브 업데이트 Jun 05

ZH: Buybacks And Goodwill Reset Will Support Future Upside Potential

Analysts have nudged their Zhihu price target higher to about $4.55 from roughly $4.43, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Zhihu completed a share repurchase of 3,700,000 shares, representing 4.56% of the company, for HK$4.2 million under the buyback announced on January 5, 2026.
내러티브 업데이트 Apr 24

ZH: Goodwill Impairment And Reset Are Expected To Unlock Future Upside

Analysts have trimmed their price target on Zhihu to about $4.43 from roughly $4.52. They cited a slightly higher discount rate and a modestly richer assumed future P/E multiple in their updated models.
내러티브 업데이트 Apr 10

ZH: Goodwill Reset And Impairment Charge Will Support Future Upside

Analysts have revised their Zhihu price target from $4.91 to $4.52, citing updated assumptions for revenue growth, profit margins, discount rate, and a lower expected future P/E multiple. What's in the News Zhihu reported an impairment loss on goodwill of RMB 126,344,000 for the fourth quarter ended December 31, 2025, which directly affects reported earnings for that period (Key Developments).
내러티브 업데이트 Mar 27

ZH: Share Repurchases And Goodwill Reset Will Support Future Upside

Analysts have reduced their Zhihu price target by about $0.93. This reflects updated views on fair value, a slightly higher discount rate, softer revenue growth assumptions, somewhat lower profit margin expectations, and a higher future P/E multiple.
분석 기사 Jul 18

Optimistic Investors Push Zhihu Inc. (NYSE:ZH) Shares Up 29% But Growth Is Lacking

Zhihu Inc. ( NYSE:ZH ) shares have continued their recent momentum with a 29% gain in the last month alone. The last 30...
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새로운 내러티브 May 31

AI Integration And Premium Content Will Expand Engagement In China

AI-driven engagement and premium content expansion are expected to boost user retention, advertiser appeal, and shift revenue mix toward higher-margin streams.
분석 기사 May 31

Zhihu Inc. (NYSE:ZH) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Shareholders might have noticed that Zhihu Inc. ( NYSE:ZH ) filed its quarterly result this time last week. The early...
분석 기사 Apr 20

Zhihu Inc.'s (NYSE:ZH) 27% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

The Zhihu Inc. ( NYSE:ZH ) share price has softened a substantial 27% over the previous 30 days, handing back much of...
Seeking Alpha Mar 28

Zhihu: Turning Bullish On Bottom-Line Beat And New AI Tool (Rating Upgrade)

Summary I have a Buy rating awarded to Zhihu, as the stock is inexpensive with potential catalysts. The continued narrowing of losses and the growing popularity of the new AI search add-on Zhida can act as valuation re-rating drivers. ZH is currently trading at less than 1 times forward revenue, which is way below its all-time historical P/S average of 2.6x. Read the full article on Seeking Alpha
분석 기사 Feb 11

Zhihu Inc. (NYSE:ZH) Surges 27% Yet Its Low P/S Is No Reason For Excitement

The Zhihu Inc. ( NYSE:ZH ) share price has done very well over the last month, posting an excellent gain of 27%. The...
Seeking Alpha Dec 18

Zhihu: Heading In The Right Direction

Summary FY2024 is likely to end with the fourth consecutive annual loss, but the trend is favorable with smaller and smaller losses. ZH is close to breaking even, and profits do not look to be far away as a result of various measures taken by ZH. There are risks hanging over ZH, but its market cap may still be too low, especially if ZH becomes profitable. There is an argument to be made in favor of long ZH after taking into account all the recent progress made. Read the full article on Seeking Alpha
분석 기사 Sep 29

Little Excitement Around Zhihu Inc.'s (NYSE:ZH) Revenues

You may think that with a price-to-sales (or "P/S") ratio of 0.7x Zhihu Inc. ( NYSE:ZH ) is a stock worth checking out...
분석 기사 Aug 25

Zhihu Inc. (NYSE:ZH) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Zhihu Inc. ( NYSE:ZH ) came out with its quarterly results last week, and we wanted to see how the business is...
Seeking Alpha Aug 25

Zhihu: Bottom Line Improvement Came At The Expense Of Larger Revenue Drop

Summary ZH's Q2 2024 bottom line performance improved significantly with operating and net losses narrowing. Zhihu plans to focus on cost optimization to target the achievement of positive earnings for Q4 2024. Revenue for ZH contracted by -11% YoY in the second quarter despite a bottom line beat, and an unfavorable top line outlook has limited the stock's valuation re-rating potential. Read the full article on Seeking Alpha
Seeking Alpha Jun 13

Zhihu Sees Wider Losses Despite Revenue Beat

Summary ZH's Q1 sales accounted for over a quarter of the full-year consensus revenue estimate, and its first quarter top-line beat is attributable to the vocational training business' good performance. But Zhihu's normalized net loss widened on both QoQ and YoY terms in Q1 2024, and a negative revenue mix might continue to weigh on its future bottom-line performance. The company's latest first quarter results have mixed read-throughs, so I have decided to maintain my Hold rating for ZH. Read the full article on Seeking Alpha
분석 기사 May 21

Is Zhihu Inc. (NYSE:ZH) Trading At A 23% Discount?

Key Insights The projected fair value for Zhihu is US$5.25 based on 2 Stage Free Cash Flow to Equity Current share...
분석 기사 Apr 01

News Flash: 8 Analysts Think Zhihu Inc. (NYSE:ZH) Earnings Are Under Threat

Today is shaping up negative for Zhihu Inc. ( NYSE:ZH ) shareholders, with the analysts delivering a substantial...
분석 기사 Mar 30

Zhihu Inc. (NYSE:ZH) Just Reported And Analysts Have Been Cutting Their Estimates

Shareholders might have noticed that Zhihu Inc. ( NYSE:ZH ) filed its full-year result this time last week. The early...
분석 기사 Feb 03

An Intrinsic Calculation For Zhihu Inc. (NYSE:ZH) Suggests It's 46% Undervalued

Key Insights Using the 2 Stage Free Cash Flow to Equity, Zhihu fair value estimate is US$1.42 Zhihu's US$0.77 share...
분석 기사 Jan 06

Zhihu Inc. (NYSE:ZH) Might Not Be As Mispriced As It Looks

Zhihu Inc.'s ( NYSE:ZH ) price-to-sales (or "P/S") ratio of 0.9x might make it look like a buy right now compared to...
Seeking Alpha Dec 11

Zhihu Q3 Earnings: Still A Hold Considering Both Revenue And Profitability Expectations

Summary Zhihu's revenue growth prospects for 2023 are unfavorable, with analysts projecting a slowdown in expansion. The company's marketing services segment performed poorly in Q3 2023 and is expected to remain under pressure. ZH aims to achieve breakeven in one quarter of FY 2024 but does not expect to generate positive earnings for the full year. Read the full article on Seeking Alpha
분석 기사 Aug 26

Zhihu Inc. (NYSE:ZH) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

It's been a sad week for Zhihu Inc. ( NYSE:ZH ), who've watched their investment drop 14% to US$0.95 in the week since...
Seeking Alpha Aug 24

Zhihu: A Tricky Balancing Act

Summary ZH's Q2 2023 revenue and reported operating loss fell short of analysts' expectations, and the company's share price dropped by -9.4% on the day of the results announcement. It is tough for Zhihu to strike a delicate balance between growing the company's top line and improving its profitability. I deem ZH's shares to be deserving of a Hold rating, considering both its tricky balancing act and its undemanding valuations. Read the full article on Seeking Alpha
분석 기사 Jul 21

Is Zhihu Inc. (NYSE:ZH) Trading At A 43% Discount?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Zhihu fair value estimate is US$1.93 Zhihu's US$1.10 share...
Seeking Alpha Jun 09

Zhihu Could Stay Cheap Without Catalysts

Summary I think that Zhihu's Q2 2023 results will be inferior to that of its performance for Q1 2023, as per what the analysts are currently forecasting. But ZH's attractive P/S and EV/EBITDA valuations have already largely factored in negatives associated with its lackluster short-term outlook. I keep my Hold rating for Zhihu, as there aren't any catalysts in the near term to drive a positive re-rating of its valuations. Read the full article on Seeking Alpha
분석 기사 Apr 17

Take Care Before Diving Into The Deep End On Zhihu Inc. (NYSE:ZH)

There wouldn't be many who think Zhihu Inc.'s ( NYSE:ZH ) price-to-sales (or "P/S") ratio of 1.4x is worth a mention...

매출 및 비용 세부 내역

Zhihu가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.


순이익 및 매출 추이

NYSE:ZH 매출, 비용 및 순이익 (CNY Millions)
날짜매출순이익일반관리비연구개발비
31 Mar 262,671-1911,483493
31 Dec 252,749-1931,504525
30 Sep 252,9651021,527549
30 Jun 253,1511381,583613
31 Mar 253,368-171,720677
31 Dec 243,599-1721,929733
30 Sep 243,878-3622,166819
30 Jun 244,055-6302,370889
31 Mar 244,166-8272,491916
31 Dec 234,199-8442,467901
30 Sep 234,175-9202,480881
30 Jun 234,064-9412,394792
31 Mar 233,856-1,1482,377780
31 Dec 223,605-1,5812,648763
30 Sep 223,510-1,7852,663759
30 Jun 223,422-1,7542,664783
31 Mar 223,224-1,5882,633680
31 Dec 212,959-1,4692,325620
30 Sep 212,460-1,3462,033494
30 Jun 212,019-1,3591,743387
31 Mar 211,642-1,3271,337349
31 Dec 201,352-1,1981,031330
30 Sep 201,056-1,343986337
31 Dec 19671-1,4311,020351

양질의 수익: ZH 은(는) 현재 수익성이 없습니다.

이익 마진 증가: ZH는 현재 수익성이 없습니다.


잉여현금흐름 대비 순이익 분석


과거 순이익 성장 분석

수익추이: ZH는 수익성이 없지만 지난 5년 동안 연평균 41.6%의 속도로 손실을 줄였습니다.

성장 가속화: 현재 수익성이 없어 지난 1년간 ZH의 수익 성장률을 5년 평균과 비교할 수 없습니다.

수익 대 산업: ZH은 수익성이 없어 지난 해 수익 성장률을 Interactive Media and Services 업계(-1.3%)와 비교하기 어렵습니다.


자기자본이익률

높은 ROE: ZH는 현재 수익성이 없으므로 자본 수익률이 음수(-5.05%)입니다.


총자산이익률


투하자본수익률


우수한 과거 실적 기업을 찾아보세요

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/06/14 01:00
종가2026/06/12 00:00
수익2026/03/31
연간 수익2025/12/31

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분석가 소스

Zhihu Inc.는 11명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Xueqing ZhangChina International Capital Corporation Limited
Yi Jing WeiCitigroup Inc
Yang YouCLSA