<SEC-DOCUMENT>0002083455-25-000002.txt : 20250828
<SEC-HEADER>0002083455-25-000002.hdr.sgml : 20250828
<ACCEPTANCE-DATETIME>20250828074754
ACCESSION NUMBER:		0002083455-25-000002
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250828
DATE AS OF CHANGE:		20250828

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ZKH Group Ltd
		CENTRAL INDEX KEY:			0001862044
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY [5200]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94301
		FILM NUMBER:		251267608

	BUSINESS ADDRESS:	
		STREET 1:		7/F, TOWER 4, LIBAO PLAZA
		STREET 2:		NO. 36 SHENBIN ROAD, MINHANG DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			201106
		BUSINESS PHONE:		86 21 50809696

	MAIL ADDRESS:	
		STREET 1:		7/F, TOWER 4, LIBAO PLAZA
		STREET 2:		NO. 36 SHENBIN ROAD, MINHANG DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			201106

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAYS Capital Partners Ltd
		CENTRAL INDEX KEY:			0002083455
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			K3
		FISCAL YEAR END:			1231
		LEGAL ENTITY IDENTIFIER:    	254900RFSTOZ011VB725

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		UNIT 1903-04 & 08, 19/F,
		STREET 2:		NINE QUEEN'S ROAD CENTRAL,
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	K3
		ZIP:			00000
		BUSINESS PHONE:		852 3973 6700

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		UNIT 1903-04 & 08, 19/F,
		STREET 2:		NINE QUEEN'S ROAD CENTRAL,
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	K3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0002083455</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A Ordinary Shares</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>08/08/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001862044</issuerCik>
        <issuerName>ZKH Group Ltd</issuerName>
        <issuerCusip>98877R104</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>7/F, TOWER 4, LIBAO PLAZA</com:street1>
          <com:street2>NO. 36 SHENBIN ROAD, MINHANG DISTRICT</com:street2>
          <com:city>SHANGHAI</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>201106</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>RAYS Capital Partners Ltd</reportingPersonName>
      <citizenshipOrOrganization>K3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>251718110.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>251718110.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>251718110.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>5.5</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>ZKH Group Ltd</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>7/F, TOWER 4, LIBAO PLAZA, NO. 36 SHENBIN ROAD, MINHANG DISTRICT, SHANGHAI, CHINA, 201106.</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>RAYS Capital Partners Limited</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Unit 1903-04 &amp; 08, 19/F, Nine Queen's Road Central, 9 Queen's Road Central, Central, Hong Kong</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Hong Kong</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>251,718,110</amountBeneficiallyOwned>
        <classPercent>5.5%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>251,718,110</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>251,718,110</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ? 240.14a-11.

By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Investment Adviser is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>RAYS Capital Partners Ltd</reportingPersonName>
      <signatureDetails>
        <signature>Fung Tim YAU</signature>
        <title>Deputy Chief Operating Officer</title>
        <date>08/28/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
