Baozun Inc
NASDAQ:BZUN
Income Statement
Earnings Waterfall
Baozun Inc
Revenue
|
8.8B
CNY
|
Cost of Revenue
|
-2.4B
CNY
|
Gross Profit
|
6.4B
CNY
|
Operating Expenses
|
-6.6B
CNY
|
Operating Income
|
-171.2m
CNY
|
Other Expenses
|
-107.3m
CNY
|
Net Income
|
-278.4m
CNY
|
Income Statement
Baozun Inc
Mar-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||
Revenue |
1 160
N/A
|
2 598
+124%
|
1 684
-35%
|
2 385
+42%
|
3 134
+31%
|
3 390
+8%
|
3 527
+4%
|
3 715
+5%
|
3 856
+4%
|
4 149
+8%
|
4 265
+3%
|
4 536
+6%
|
4 757
+5%
|
5 393
+13%
|
5 759
+7%
|
6 304
+9%
|
6 696
+6%
|
7 278
+9%
|
7 515
+3%
|
7 963
+6%
|
8 289
+4%
|
8 852
+7%
|
9 349
+6%
|
9 501
+2%
|
9 570
+1%
|
9 396
-2%
|
9 360
0%
|
9 178
-2%
|
9 020
-2%
|
8 401
-7%
|
8 304
-1%
|
8 503
+2%
|
8 585
+1%
|
8 812
+3%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||
Cost of Revenue |
(813)
|
(1 736)
|
(1 081)
|
(1 493)
|
(1 913)
|
(1 922)
|
(1 950)
|
(1 979)
|
(1 966)
|
(1 918)
|
(1 858)
|
(1 881)
|
(1 875)
|
(2 035)
|
(2 165)
|
(2 379)
|
(2 507)
|
(2 774)
|
(2 856)
|
(2 952)
|
(3 097)
|
(3 326)
|
(3 559)
|
(3 597)
|
(3 520)
|
(3 277)
|
(3 050)
|
(2 838)
|
(2 656)
|
(2 256)
|
(2 165)
|
(2 238)
|
(2 315)
|
(2 409)
|
|
Gross Profit |
347
N/A
|
863
+149%
|
603
-30%
|
891
+48%
|
1 221
+37%
|
1 468
+20%
|
1 577
+7%
|
1 736
+10%
|
1 890
+9%
|
2 231
+18%
|
2 408
+8%
|
2 655
+10%
|
2 882
+9%
|
3 358
+17%
|
3 594
+7%
|
3 924
+9%
|
4 189
+7%
|
4 504
+8%
|
4 659
+3%
|
5 011
+8%
|
5 192
+4%
|
5 525
+6%
|
5 790
+5%
|
5 903
+2%
|
6 050
+2%
|
6 120
+1%
|
6 310
+3%
|
6 340
+0%
|
6 364
+0%
|
6 145
-3%
|
6 139
0%
|
6 264
+2%
|
6 270
+0%
|
6 403
+2%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||
Operating Expenses |
(333)
|
(854)
|
(597)
|
(885)
|
(1 192)
|
(1 378)
|
(1 476)
|
(1 598)
|
(1 746)
|
(1 975)
|
(2 144)
|
(2 365)
|
(2 588)
|
(3 002)
|
(3 230)
|
(3 524)
|
(3 779)
|
(4 120)
|
(4 318)
|
(4 594)
|
(4 738)
|
(4 858)
|
(5 202)
|
(5 359)
|
(5 760)
|
(6 113)
|
(6 397)
|
(6 557)
|
(6 451)
|
(6 098)
|
(6 092)
|
(6 230)
|
(6 346)
|
(6 574)
|
|
Selling, General & Administrative |
(309)
|
(802)
|
(558)
|
(829)
|
(1 113)
|
(1 288)
|
(1 377)
|
(1 490)
|
(1 631)
|
(1 846)
|
(1 988)
|
(2 194)
|
(2 373)
|
(2 756)
|
(2 937)
|
(3 204)
|
(3 428)
|
(3 710)
|
(3 894)
|
(4 189)
|
(4 332)
|
(4 614)
|
(4 843)
|
(4 998)
|
(5 387)
|
(5 737)
|
(6 014)
|
(6 193)
|
(6 108)
|
(5 766)
|
(5 753)
|
(5 883)
|
(5 972)
|
(6 192)
|
|
Research & Development |
(25)
|
(60)
|
(40)
|
(62)
|
(86)
|
(96)
|
(103)
|
(113)
|
(125)
|
(141)
|
(162)
|
(196)
|
(230)
|
(269)
|
(307)
|
(344)
|
(368)
|
(393)
|
(401)
|
(401)
|
(409)
|
(410)
|
(407)
|
(420)
|
(432)
|
(448)
|
(461)
|
(458)
|
(442)
|
(428)
|
(438)
|
(454)
|
(476)
|
(505)
|
|
Other Operating Expenses |
0
|
8
|
2
|
6
|
7
|
5
|
5
|
5
|
10
|
11
|
5
|
26
|
16
|
23
|
13
|
24
|
17
|
(18)
|
(23)
|
(5)
|
3
|
166
|
48
|
60
|
59
|
73
|
78
|
93
|
99
|
95
|
99
|
107
|
103
|
123
|
|
Operating Income |
14
N/A
|
9
-37%
|
6
-29%
|
6
+7%
|
29
+355%
|
90
+210%
|
101
+12%
|
138
+37%
|
144
+4%
|
256
+79%
|
263
+3%
|
290
+10%
|
294
+1%
|
356
+21%
|
364
+2%
|
401
+10%
|
410
+2%
|
384
-6%
|
342
-11%
|
416
+22%
|
454
+9%
|
667
+47%
|
588
-12%
|
545
-7%
|
290
-47%
|
7
-98%
|
(87)
N/A
|
(217)
-149%
|
(87)
+60%
|
47
N/A
|
47
+1%
|
34
-28%
|
(76)
N/A
|
(171)
-127%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||
Interest Income Expense |
(4)
|
9
|
9
|
12
|
14
|
12
|
12
|
13
|
13
|
9
|
3
|
(4)
|
(8)
|
(11)
|
(13)
|
(16)
|
(18)
|
(26)
|
(34)
|
(35)
|
(34)
|
1
|
(26)
|
(4)
|
(131)
|
(158)
|
(207)
|
(269)
|
(157)
|
(506)
|
(454)
|
(387)
|
(365)
|
(11)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
(8)
|
0
|
(9)
|
0
|
(8)
|
0
|
(9)
|
0
|
0
|
(10)
|
(119)
|
0
|
(14)
|
0
|
(4)
|
4
|
8
|
(100)
|
(121)
|
(129)
|
(125)
|
(17)
|
(35)
|
|
Gain/Loss on Disposition of Assets |
0
|
10
|
0
|
0
|
5
|
0
|
0
|
0
|
1
|
6
|
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
5
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
10
N/A
|
27
+176%
|
20
-25%
|
23
+16%
|
48
+107%
|
102
+113%
|
114
+11%
|
151
+33%
|
157
+4%
|
265
+69%
|
271
+2%
|
284
+5%
|
291
+2%
|
336
+15%
|
352
+5%
|
377
+7%
|
392
+4%
|
348
-11%
|
308
-12%
|
382
+24%
|
410
+7%
|
549
+34%
|
562
+2%
|
526
-6%
|
159
-70%
|
(154)
N/A
|
(289)
-88%
|
(478)
-65%
|
(343)
+28%
|
(580)
-69%
|
(536)
+8%
|
(479)
+11%
|
(458)
+4%
|
(217)
+53%
|
|
Net Income | |||||||||||||||||||||||||||||||||||
Tax Provision |
1
|
6
|
0
|
(2)
|
(7)
|
(17)
|
(21)
|
(30)
|
(33)
|
(54)
|
(56)
|
(62)
|
(62)
|
(65)
|
(64)
|
(60)
|
(65)
|
(71)
|
(67)
|
(84)
|
(90)
|
(128)
|
(136)
|
(142)
|
(129)
|
(55)
|
(47)
|
(15)
|
(13)
|
(27)
|
(25)
|
(24)
|
(22)
|
(12)
|
|
Income from Continuing Operations |
10
|
33
|
20
|
22
|
41
|
85
|
92
|
121
|
125
|
210
|
216
|
222
|
229
|
271
|
288
|
317
|
327
|
277
|
241
|
298
|
320
|
421
|
426
|
384
|
30
|
(209)
|
(336)
|
(492)
|
(356)
|
(607)
|
(561)
|
(503)
|
(479)
|
(229)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
(0)
|
(1)
|
(0)
|
0
|
(0)
|
1
|
1
|
1
|
(1)
|
0
|
(2)
|
(2)
|
(1)
|
(2)
|
(3)
|
(2)
|
(14)
|
(10)
|
(14)
|
(27)
|
(43)
|
(51)
|
(52)
|
(37)
|
(56)
|
|
Equity Earnings Affiliates |
(2)
|
(10)
|
(3)
|
(3)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
1
|
1
|
5
|
9
|
7
|
10
|
6
|
2
|
4
|
0
|
3
|
2
|
6
|
5
|
(4)
|
(3)
|
(2)
|
2
|
6
|
|
Net Income (Common) |
(42)
N/A
|
(3)
+93%
|
18
N/A
|
19
+9%
|
39
+103%
|
87
+124%
|
93
+7%
|
121
+30%
|
124
+2%
|
209
+69%
|
213
+2%
|
220
+3%
|
228
+4%
|
270
+18%
|
289
+7%
|
319
+10%
|
329
+3%
|
281
-14%
|
250
-11%
|
302
+21%
|
328
+8%
|
426
+30%
|
425
0%
|
385
-9%
|
28
-93%
|
(220)
N/A
|
(343)
-56%
|
(501)
-46%
|
(377)
+25%
|
(653)
-73%
|
(615)
+6%
|
(557)
+9%
|
(514)
+8%
|
(278)
+46%
|
|
EPS (Diluted) |
-0.37
N/A
|
-0.03
+92%
|
0.11
N/A
|
0.12
+9%
|
0.24
+100%
|
0.53
+121%
|
0.55
+4%
|
0.68
+24%
|
0.71
+4%
|
1.19
+68%
|
1.21
+2%
|
1.25
+3%
|
1.27
+2%
|
1.5
+18%
|
1.6
+7%
|
1.77
+11%
|
1.82
+3%
|
1.57
-14%
|
1.4
-11%
|
1.69
+21%
|
1.83
+8%
|
2.23
+22%
|
1.89
-15%
|
1.71
-10%
|
0.12
-93%
|
-1.02
N/A
|
-1.75
-72%
|
-2.71
-55%
|
-2.14
+21%
|
-3.56
-66%
|
-3.47
+3%
|
-3.12
+10%
|
-2.91
+7%
|
-1.56
+46%
|