ZH Aperçu de l'action Prix, capitalisation boursière, P/E, EPS, ROE, dette/capitaux propres, fourchette sur 52 semaines

03
Prix $3.39
P/E -4.1
BPA $-0.80
Revenu $2.75B
ROE -4.9%
Dette/Capitaux propres 0.0
Fourchette 52 semaines $3–$5

ZH Graphique du cours de l'action OHLCV quotidien avec indicateurs techniques — panoramique, zoom et personnalisez votre vue

04
fourchette
barres

La granularité des barres s'adapte à la période sélectionnée — survolez le graphique pour voir l'ouverture/le maximum/le minimum/la clôture d'une barre.

Splits d'actions 1
Date ex-dividende Division Type
10 mai 2024 1-for-6 Inverse

À propos de Zhihu Inc. American Depositary Shares, each representing three (3) Class A Ordinary Shares Présentation de l'entreprise depuis Wikipedia

05 · wikidata

Zhihu (Chinese: 知乎; pinyin: Zhīhū) is a Chinese social question and answer site and news aggregator. Originally based in Chengdu and with creators from Sichuan, the website launched on January 26, 2011. As of 2021 it has 76 million registered users. It has often been compared to Quora, though by the early 2020s it has also acquired Reddit-like features.

History

Zhihu began development in August 2010. It went through a closed beta test at the end of December 2010. The final product went online on January 26, 2011. It has reportedly received funding from Kai-Fu Lee's Innovation Works, Qiming Ventures, SAIF Partners, Tencent, and Sogou.

In October 2011, Zhihu completed its A-round of funding for US$7 million from Innovation Works and Qiming Ventures. In 2015, Zhihu completed its C-round of funding for US$55 million.

In 2017, Zhihu officially commercialized. In August 2018, Zhihu completed its E-round of funding, raising US$270 million for a total company valuation at US$2.5 billion. On August 12, 2019, Zhihu completed a subsequent F-round of funding led by Chinese short video platform Kuaishou and technology company Baidu, garnering US$450 million. As a result, Baidu mobile app searches would directly return Zhihu content.

The number of registered users on Zhihu exceeded 10 million by the end of 2013, and reached 17 million as of May 2015, with 250 million monthly page views.

On March 2, 2018, the Cyberspace Administration of China required all app stores to remove Zhihu for 7 days for the alleged presence of illegal content and insufficient monitoring. On the same day, Android app stores removed Zhihu. On the Apple App Store, Zhihu became unavailable for download.

On October 9, 2020, a video creation tool was launched on Zhihu. The tool is able to suggest images and generate voice over for text. The tool reduces the technical barrier to video creation on the platform.

In December 2021, ten of Zhihu's shareholders, including Sogou and Tencent's investment arm, sold all of their stakes (78% ownership) in Beijing Zhizhe Tianxia Technology, the parent company of Zhihu. All shares were transferred to the founder and CEO, Zhou Yuan (Chinese: 周源; pinyin: Zhōu Yuán), who owned more than 99% of the company thereafter. This occurred three days after regulatory pressures from the Beijing branch of the Cyberspace Administration of China (CAC), during which Zhihu was instructed to rectify practices that had led to unlawful release of information. Zhihu's initial public offering on the New York Stock Exchange came on March 26, 2021. Zhihu started trading on the Hong Kong Stock Exchange on April 11, 2022.

In July 2023, Zhihu no longer supported anonymous posting, although anonymous content is also under the monitoring of Zhihu. Previously published posts were not affected. In 2023, Zhuhu launched the "Yanyan Stories" stories feature, where short stories posted by Zhihu users were adapted into novels, with some of these adapted into movies and television shows. In October 2025, at the Frankfurt Book Fair in Germany, Zhihu unveiled the Yanyan Story Platform internationally. Content on the platform includes books, digital reading, audio dramas, and cultural products. Some literary works on the platform are available in multiple languages, including English, Indonesian, Spanish, Korean, Japanese, Portuguese, and Thai. At the time, over 100 works had been licensed for domestic or international publication.

On June 29, 2024, Zhihu launched Zhida, an AI search product.

Product

Zhihu functions similarly to Quora, to the point where it where has been describe as a "clone" of that website. Users may submit questions and answers, as well as upvote the best answer. Questions answers follow a power law distribution, with most questions receiving few answers and a small minority getting many answers. Answers to questions tend to come from a large pool of infrequently active users, rather than a small pool of highly active users.

Initially, Zhihu sought to appeal to an elite expert audience, featuring expert panels and daily and weekly newsletters. Originally user registration was primarily invitation-only, with referrals needed from a couple hundred registered users. Otherwise, new users had to apply to join by filling in a large amount of personal information and waiting for a reply. By the early 2020s, Zhihu had sought to move away from an expert answer model towards favouring mass audience participation.

Trending & live

Trending is a leaderboard where popular topics are ranked by engagement metrics, including likes, shares, and impressions. Live is where users, including individuals and organizations, can host live streams. Live streams in Zhihu can be set to unpaid or paid. In a paid live stream, participants are required to pay a fee to watch.

Zhida

Zhida is a large language model search and answer product. The meaning of its name is "direct answer" in Mandarin. It can integrate answers in content archive on platform with external links. It is intended to improve the user experience in asking, searching, generating results, and summarizing. Both service entry points and an independent domain are offered. Users can search by content or by contributor, and between brief or in-depth for the generation of answers.

Source : Wikipedia (Anglais), CC BY-SA 4.0 · Voir sur Wikipedia ↗

Wikidata ↗

secteurCommunication Services industrieMedia employés1 149 paysCN

Performance sur 10 ans Tendances du chiffre d'affaires, du bénéfice net, des marges et du BPA

06
Revenu$2.75B
2019-12-31 → 2025-12-31
BPA$-0.80
2019-12-31 → 2025-12-31
Flux de trésorerie libre$-365M
2021-12-31 → 2025-12-31
Marge nette-7.1%
2021-12-31 → 2025-12-31
Valorisation et Ratios 07–12

Valorisation Ratios P/E, P/S, P/B, EV/EBITDA — l'action est-elle chère ou bon marché ?

Métrique Tendance sur 5 ans ZH moyenne 5 ans Médiane des pairs Verdict
P/E -4.1moyenne 5 ans ≈-3.7 ≈-3.7 · ·

La médiane des pairs est calculée sur une base standardisée par métrique et peut ne pas toujours correspondre à la base TTM/MRQ indiquée pour cette action.

valeur · ≈ moyenne 5 ans · médiane du secteur · verdict par rapport à la médiane

Historique des bénéfices BPA réel vs estimation, surprise %, taux de succès, prochaine date de publication des résultats

14
Surprise Moyenne 2.7%
PériodeRapportEPS ActualBPA est.Surprise
30 juin 2026 $-0.16 $-0.16 2.0%
31 mars 2026 $0.20 — —
31 décembre 2025 $-0.34 $-0.16 -108.3%
30 septembre 2025 $-0.19 $-0.23 19.0%
30 juin 2025 $0.29 $-0.27 209.4%
31 mars 2025 $-0.34 $-0.16 -108.3%

Fondamentaux complets Tous les indicateurs par an — compte de résultat, bilan, flux de trésorerie

15
Compte de résultat 16
Métrique Tendance 202520242023202220212020
Revenue $2.75B$3.60B$4.20B$3.60B$2.96B$1.35B
Cost of Revenue $1.10B$1.42B$1.90B$1.80B$1.41B$594M
Gross Profit $1.65B$2.18B$2.30B$1.81B$1.55B$758M
R&D Expense $525M$733M$901M$763M$620M$330M
SG&A Expense $251M$330M$419M$622M$690M$296M
Operating Expenses $2.16B$2.66B$3.37B$3.41B$2.94B$1.36B
Operating Income $-507M$-481M$-1.07B$-1.60B$-1.39B$-603M
Other Non-op $31M$43M$49M$6M$-4M$12M
Pretax Income $-173M$-178M$-828M$-1.56B$-1.29B$-516M
Income Tax $22M$-9M$12M$14M$5M$1M
Net Income $-195M$-169M$-840M$-1.58B$-1.30B$-518M
EPS (Basic) $-0.80$-0.63$-2.82$-5.19$-6.12$-18.36
EPS (Diluted) $-0.80$-0.63$-2.82$-5.19$-6.12$-18.36
Shares (Basic) 240,043,649273,560,865299,132,894304,836,318240,174,10865,279,970
Shares (Diluted) 240,043,649273,560,865299,132,894304,836,318240,174,10865,279,970
EBITDA $-488M$-459M$-1.05B$-1.58B$-1.37B·
Bilan 28
Métrique Tendance 202520242023202220212020
Cash & Equivalents $3.37B$4.00B$2.11B$4.53B$2.16B$958M
Short-term Investments $841M$539M$1.77B$787M$2.24B$1.05B
Receivables $358M$421M$665M$834M$832M$486M
Inventory $26M$31M$22M$10M$5M·
Prepaid Expense $107M$163M$232M$199M$272M$124M
Other Current Assets $11M$6M$17M$8M$3M$5M
Current Assets $4.73B$5.48B$6.38B$7.32B$8.33B$3.72B
PP&E (Net) $5M$8M$11M$7M$10M$8M
PP&E (Gross) $45M$46M$45M$38M$36M$29M
Accum. Depreciation $40M$37M$34M$31M$26M$21M
Goodwill ·$126M$191M$126M$74M·
Intangibles $30M$55M$123M$80M$68M$23M
Other Non-current Assets $13M$623.0K$8M$22M$14M$6M
Total Assets $5.19B$5.73B$6.80B$7.66B$8.81B$3.76B
Accounts Payable $681M$836M$1.04B$916M$1.03B$502M
Short-term Debt $35M·····
Current Liabilities $1.27B$1.52B$1.95B$1.82B$1.90B$1.01B
Capital Leases $16M$2M$4M$43M$82M·
Deferred Tax $27M$7M$23M$12M$14M·
Other Non-current Liabilities $5M$4M$122M$82M$73M·
Total Liabilities $1.32B$1.54B$2.09B$1.96B$2.07B$1.01B
Total Debt $35M·····
Paid-in Capital $13.18B$13.11B$13.49B$13.62B$13.35B·
Retained Earnings $-9.07B$-8.88B$-8.71B$-7.86B$-6.28B$-4.95B
Treasury Stock $275M$112M$162M$34M··
AOCI $-34M$12M$-21M$-66M$-339M$-196M
Stockholders' Equity $3.80B$4.14B$4.60B$5.65B$6.73B$-5.14B
Liabilities + Equity $5.19B$5.73B$6.80B$7.66B$8.81B$3.76B
Flux de trésorerie 14
Métrique Tendance 202520242023202220212020
D&A $19M$22M$25M$25M$21M$20M
Stock-based Comp $87M$59M$165M$374M$548M$180M
Deferred Tax $20M$-3M$-4M$-2M$-1M·
Amort. of Intangibles $15M$17M$20M$22M$16M$12M
Other Non-cash $-295M$-189M$238M$67M$290M·
Operating Cash Flow $-364M$-280M$-416M$-1.11B$-440M$-244M
CapEx $1M$3M$8M$714.0K$7M$2M
Investing Cash Flow $-116M$2.56B$-1.68B$3.49B$-3.14B$430M
Stock Repurchased $167M$401M$370M$128M··
Net Stock Activity $-167M$-401M$-370M$-128M··
Financing Cash Flow $-132M$-404M$-365M$-108M$4.88B$9M
Net Change in Cash $-630M$1.89B$-2.42B$2.37B$1.20B$57M
Taxes Paid $4M$2M$11M$17M$3M·
Free Cash Flow $-365M$-283M$-424M$-1.12B$-448M·
Rentabilité 8
Métrique Tendance 202520242023202220212020
Gross Margin 59.9%60.6%54.7%50.2%52.5%·
Operating Margin -18.4%-13.4%-25.5%-44.5%-47.0%·
Net Margin -7.1%-4.7%-20.0%-43.8%-43.9%·
Pretax Margin -6.3%-5.0%-19.7%-43.4%-43.7%·
EBITDA Margin -17.8%-12.8%-24.9%-43.8%-46.3%·
ROA -3.6%-2.7%-11.6%-19.2%-20.7%·
ROE -4.9%-3.9%-16.4%-25.5%-163.8%·
ROIC -14.9%-11.0%-23.6%-28.6%-20.8%·
Liquidité et Solvabilité 3
Métrique Tendance 202520242023202220212020
Current Ratio 3.73.63.34.04.4·
Quick Ratio 3.63.32.33.42.8·
Debt / Equity 0.0·····
Efficacité 3
Métrique Tendance 202520242023202220212020
Asset Turnover 0.50.60.60.40.5·
Inventory Turnover 38.653.4117.0240.4··
Receivables Turnover 7.16.65.64.34.5·
Par action 3
Métrique Tendance 202520242023202220212020
Revenue / Share $11.45$13.16$14.04$11.83$12.32·
Cash Flow / Share $-1.51$-1.02$-1.39$-3.66$-1.83·
EPS (TTM) $-0.80$-0.63$-2.82$-5.19$-6.12·
Valorisation (TTM) 4
Métrique Tendance 202520242023202220212020
Revenue TTM $2.75B$3.60B$4.20B$3.60B$2.96B·
Net Income TTM $-195M$-169M$-840M$-1.58B$-1.30B·
P/E -4.1-5.6-2.0-1.5-5.4·
Earnings Yield -24.4%-17.8%-50.2%-66.5%-18.4%·

Période la plus récente à gauche · valeurs nulles affichées comme ·

États financiers Compte de résultat, bilan, flux de trésorerie — annuel, sur les 5 dernières années

16
Métrique 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenu $2.75B $3.60B $4.20B $3.60B $2.96B
Marge Brute % 59.9% 60.6% 54.7% 50.2% 52.5%
Marge d'exploitation % -18.4% -13.4% -25.5% -44.5% -47.0%
Résultat net $-195M $-169M $-840M $-1.58B $-1.30B
BPA dilué $-0.80 $-0.63 $-2.82 $-5.19 $-6.12

Détenteurs institutionnels (13F) 51 déclarants · $36.6M total · Au 30 juin 2026

17

Institutions qui déclarent détenir cette action dans leur Formulaire SEC 13F trimestriel. Uniquement les positions longues ; un même déclarant peut apparaître deux fois pour des jambes d'options distinctes. Les jambes put/call compensatoires importantes reflètent généralement la tenue de marché ou un inventaire couvert, pas une conviction directionnelle.

Détenteurs 51
Valeur détenue $36.6M
Nouvelles positions 3
Positions clôturées 4
Activité institutionnelle — Q2 2026 vs trimestre précédent
Nouvelles positions Positions clôturées Augmenté Diminué Variation nette des actions
3 (-5 vs T. préc.) 4 (-6 vs T. préc.) 13 (-6 vs T. préc.) 18 (+5 vs T. préc.) +625K

Comparé à Q1 2026. Les dépôts de formulaire 13F de la SEC sont dus dans les 45 jours suivant la fin du trimestre, plus une courte période tampon pour les déposants tardifs — les trimestres encore dans cette fenêtre sont ignorés au profit de la paire la plus récente entièrement déclarée.

Institution Valeur Actions % de 13F suivies Type
FIL Ltd $11 464 069 3 639 387 31,29% Actions
VANGUARD GROUP INC $5 916 150 1 803 704 16,15% Actions
GOLDMAN SACHS GROUP INC $1 807 803 577 573 4,93% Actions
First Beijing Investment Ltd $1 724 780 551 048 4,71% Actions
E Fund Management (Hong Kong) Co., Ltd. $1 590 099 508 019 4,34% Actions
E Fund Management Co., Ltd. $1 590 099 508 019 4,34% Actions
Dodge & Cox $1 568 418 501 092 4,28% Actions
STATE STREET CORP $1 468 455 469 155 4,01% Actions
UBS Group AG $1 423 812 454 892 3,89% Actions
Maven Securities LTD $1 253 211 400 387 3,42% Actions
MORGAN STANLEY $729 096 232 938 1,99% Actions
Oasis Management Co Ltd. $704 250 225 000 1,92% Actions
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $526 641 168 256 1,44% Actions
JANE STREET GROUP, LLC $463 710 148 150 1,27% Actions
XTX Topco Ltd $416 947 133 210 1,14% Actions
CITADEL ADVISORS LLC $349 984 111 816 0,96% Actions
JPMORGAN CHASE & CO $327 289 104 565 0,89% Actions
SEI INVESTMENTS CO $324 290 103 607 0,89% Actions
TWO SIGMA INVESTMENTS, LP $311 304 99 458 0,85% Actions
Russell Investments Group, Ltd. $300 270 95 933 0,82% Actions
BNP PARIBAS FINANCIAL MARKETS $300 089 95 875 0,82% Actions
AMERICAN CENTURY COMPANIES INC $260 094 83 097 0,71% Actions
Cubist Systematic Strategies, LLC $242 386 47 808 0,66% Actions
NEW YORK STATE COMMON RETIREMENT FUND $214 843 68 640 0,59% Actions
MILLENNIUM MANAGEMENT LLC $203 040 64 869 0,55% Actions
AMERIPRISE FINANCIAL INC $198 101 63 291 0,54% Actions
Qube Research & Technologies Ltd $139 961 44 716 0,38% Actions
DIVERSIFIED TRUST CO $138 295 44 184 0,38% Actions
SUSQUEHANNA INTERNATIONAL GROUP, LLP $127 704 40 800 0,35% Option d'achat
MARSHALL WACE, LLP $111 898 35 750 0,31% Actions
NOMURA HOLDINGS INC $86 901 27 764 0,24% Actions
Invesco Ltd. $83 533 26 688 0,23% Actions
WOLVERINE TRADING, LLC $60 088 11 600 0,16% Option d'achat
TWO SIGMA ADVISERS, LP $51 335 15 651 0,14% Actions
Police & Firemen's Retirement System of New Jersey $49 335 15 762 0,13% Actions
SUSQUEHANNA INTERNATIONAL GROUP, LLP $36 524 11 669 0,10% Actions
Point72 Asia (Singapore) Pte. Ltd. $19 708 3 887 0,05% Actions
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $10 595 3 385 0,03% Actions
Tower Research Capital LLC (TRC) $9 979 3 188 0,03% Actions
ACADIAN ASSET MANAGEMENT LLC $9 196 2 946 610 0,03% Actions
Oakum Bay Capital LLC $6 890 2 426 0,02% Actions
RHUMBLINE ADVISERS $5 407 1 727 0,01% Actions
ROYAL BANK OF CANADA $3 000 843 0,01% Actions
CITIGROUP INC $1 340 428 0,00% Actions
Harvest Fund Management Co., Ltd $659 210 000 0,00% Actions
PNC Financial Services Group, Inc. $451 144 0,00% Actions
SBI Securities Co., Ltd. $329 105 0,00% Actions
Caitong International Asset Management Co., Ltd $47 15 0,00% Actions
SIMPLEX TRADING, LLC $21 7 0,00% Actions
BlackRock, Inc. $6 2 0,00% Actions

Afficher les 51 détenteurs institutionnels →

Activistes et détenteurs de 5%+ 4 participations

18

Investisseurs ayant déposé un Schedule 13D auprès de la SEC — détention effective supérieure à 5% avec l'intention d'influencer l'émetteur (participations activistes, campagnes pour le conseil d'administration, fusions-acquisitions). Chaque ligne montre le dernier état connu de la position du déposant.

Déclarant Déposé Participation Statut Objectif Dépôt
Plus Channel Limited, Kastle Limited ×6 dépôts 29 décembre 2025 10,00% Amendement · SEC
MO Holding Ltd, Yuan Zhou ×2 dépôts 13 novembre 2024 · Dépôt initial Investissement passif SEC
AI Knowledge LLC, Access Industries Management, LLC, Len Blavatnik ×3 dépôts 13 novembre 2024 · Dépôt initial · SEC
Tencent Holdings Limited, Huang River Investment Limited ×3 dépôts 12 novembre 2024 · Dépôt initial · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Initiés de la société 5 initiés · 2 dirigeants · 4 administrateurs

19
Dirigeant Rôle Dernière activité Actions détenues Achats 12m Ventes 12m Net 12m
Yuan Zhou Chief Executive Officer 28 juillet 2026 J 14 862 319 0 0 $0
Han Wang Chief Financial Officer 17 avril 2026 A 2 830 000 0 0 $0
Derek Chen Administrateur 5 juin 2026 A · 0 0 $0
Li-Lan Cheng Administrateur 27 mai 2026 M 33 507 0 1 $-1 026
Hope Ni Administrateur 27 mai 2026 M 43 867 0 0 $0

Initiés issus des déclarations SEC Form 3/4/5 ; net = uniquement P/S de marché

Détention d'ETF Détenu par 1 ETF

20

Le poids reflète uniquement les participations directes en actions (N-PORT) ; les fonds à effet de levier ou basés sur des dérivés peuvent détenir une exposition supplémentaire aux swaps non indiquée.

Fonds Poids Unités Au Source
PGJ · Invesco Exchange-Traded Fund Trust 0,11% 25 995 SH 1 octobre 2026 Quotidien

ZH Consensus des analystes Opinions des analystes haussières et baissières, objectif de cours à 12 mois, potentiel de hausse

21
notation · 9 analystes ACHAT
Objectif médian $3.79 +11,7%
2 22,2% Achat fort
5 55,6% Achat
2 22,2% Conserver
0 0,0% Vente
0 0,0% Vente forte

Objectif de cours à 12 mois

6 analystes · 2026-09-30

Objectif moyen $4.09 +20,8%

← En dessous de tous les objectifs Prix actuel $3.39
Bas$3.61 Moyenne$4.09 Haut$5.76

Comparaison des pairs (sous-secteur GICS) Indicateurs clés par rapport aux pairs du secteur

22

Base F.A., prix à la clôture de la dernière fin d'exercice de chaque société.

Ticker Capitalisation Boursière P/E Revenus Année/Année Marge Nette ROE Marge Brute
ZH · -4.1 · -7.1% -4.9% 59.9%
BILI · 9.0 · 3.9% 8.0% 36.6%
ATHM $10.31B 7.6 · 443.2% 6.1% 1433.9%

Dernières actualités Actualités récentes mentionnant cette entreprise

23

Mes métriques Votre watchlist personnelle — lignes sélectionnées de Fondamentaux Complets

26

Choisissez les indicateurs qui vous importent — cliquez sur le + à côté de n'importe quelle ligne dans les Fondamentaux complets ci-dessus.

Votre sélection est enregistrée et vous suit sur tous les tickers.

Source : Dépôt SEC 20-F le Avr 17, 2026