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Baozun Inc
NASDAQ:BZUN

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Baozun Inc
NASDAQ:BZUN
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Price: 2.79 USD 2.57% Market Closed
Market Cap: $161.4m

Baozun Inc
Investor Relations

Baozun Inc is a CN-based company operating in Internet & Direct Marketing Retail industry. The company is headquartered in Shanghai, Shanghai. The company went IPO on 2015-05-21. Baozun Inc is a holding company mainly providing e-commerce services. The firm helps brands execute their e-commerce strategies by selling their goods directly to customers online or by providing services to assist with their e-commerce operations. Its services cover all aspects of the e-commerce value chain, including information technology (IT) solutions, online store operation, digital marketing, customer service, warehousing and fulfillment services. The firm provides services for a range of brand partners, covering apparel and accessories, appliances, electronics, home and furnishings, food and health products, beauty and cosmetics, fast moving consumer goods, mother and baby products, as well as insurance and automobiles areas.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 25, 2025
AI Summary
Q3 2025

Revenue Growth: Baozun reported a 5% year-over-year increase in total net revenue for Q3 2025, reaching RMB 2.2 billion.

Profitability: Profitability improved significantly, with non-GAAP operating loss narrowing to RMB 11 million from RMB 85 million a year earlier.

Gross Margin Expansion: Group-level gross margin for product sales expanded by 620 basis points to 34.3%.

Segment Performance: The e-commerce business (BEC) returned to profitability with a non-GAAP operating profit of RMB 28 million; brand management (BBM) revenue grew 20% year-over-year.

Brand Initiatives: GAP China’s brand ambassador campaign drove a 25% increase in young customers and strong engagement.

Strategic Transformation: Management highlighted ongoing transformation efforts, focus on margin expansion, cost optimization, and growing synergies between business units.

Confident Outlook: Management expressed confidence in delivering another solid quarter and expects a major profitability improvement in 2026.

Key Financials
Total Net Revenue
RMB 2.2 billion
E-commerce Revenue
RMB 1.8 billion
Brand Management Revenue
RMB 396 million
Services Revenue
RMB 1.4 billion
B2C Product Sales Revenue
RMB 413.4 million
BBM Product Sales
RMB 395.2 million
Blended Gross Margin for Product Sales
34.3%
Gross Profit
RMB 277.4 million
E-commerce Product Sales Gross Margin
30.1%
BBM Gross Margin
56.5%
Sales and Marketing Expenses
RMB 886.6 million
Fulfillment Cost
RMB 495.9 million
Technology and Content Expenses
RMB 115.2 million
G&A Expenses
RMB 168.9 million
Non-GAAP Loss from Operations
RMB 10.8 million
BEC Adjusted Non-GAAP Income from Operations
RMB 28.1 million
BBM Non-GAAP Operating Loss
RMB 38.7 million
Cash and Cash Equivalents, Restricted Cash and Short-term Investments
RMB 2.7 billion
Total Equity
RMB 5.5 billion
GA Same-store Sales Growth
7%
BBM Gross Profit
RMB 223 million
Number of GAP Stores
163
Baozun Brand Management Offline Portfolio Stores
171
Earnings Call Recording
Other Earnings Calls

Management

Mr. Wenbin Qiu
Co-Founder, Chairman of the Board & CEO
No Bio Available
Mr. Junhua Wu
Co-Founder & Director
No Bio Available
Ms. Yanjie Zhu
Chief Financial Officer
No Bio Available
Ms. Wendy Sun
Senior Director of Corporate Development & Investor Relations
No Bio Available
Mr. Tao Liang
Senior Vice President
No Bio Available
Mr. Arthur Yu
President of E-commerce Business
No Bio Available
Ms. Sandrine Zerbib
President of Baozun Brand Management
No Bio Available

Contacts

Address
SHANGHAI
Shanghai
Building No. H, No. 1188 Wanrong Road, Zhabei District
Contacts
+862160956000.0
www.baozun.com