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Baozun Inc. (BZUN)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions of CNY, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   20-F20-F20-F20-F20-F20-F20-F20-F
Net revenues          
Total net revenues  9,396.38,851.67,278.25,393.04,148.83,390.32,598.41,584.4
            Total net revenues growth  6.2%21.6%35.0%30.0%22.4%30.5%64.0% 
Operating expenses:          
Cost of products  -3,276.6-3,326.2-2,774.3-2,034.9-1,917.5-1,921.9  
Fulfillment  -2,661.1-2,259.2-1,678.2-1,262.3-818.2-540.9-325.2-168.1
Sales and marketing  5,211.04,389.83,493.82,601.31,729.01,199.7728.7395.1
Technology and content  448.4409.9393.0269.0140.795.659.963.6
General and administrative  525.8224.0215.7154.8116.688.373.796.9
Other operating (expense) income, net  72.557.1-17.822.711.35.28.10.5
Total operating expenses  3.510.89.09.06.2   
    Income from operations  7.0558.7383.7355.8256.390.18.5-56.9
            Operating margin  0.1%6.3%5.3%6.6%6.2%2.7%0.3%-3.6%
   
Other income (expenses):          
Interest income  62.941.442.68.013.411.98.83.2
Interest expense  -56.8-66.1-61.3-13.1-4.3  -1.6
   
Unrealized investment loss          
Gain on disposal of investment          
Impairment loss of investments  3.510.89.09.06.2   
Exchange (loss) gain  46.225.7-7.7-6.00.00.3-0.1-2.7
    Income before income tax and share of income in equity method investment  -154.0548.9348.3335.7264.6102.326.8-57.9
Income tax expense  -55.3-127.8-71.1-65.0-54.3-16.86.0-1.9
            Tax rate   23.3%20.4%19.3%20.5%16.5%  
Share of income in equity method investment  3.35.54.8-1.0-1.3 -10.2 
    Net Income (loss)  -206.0426.5281.9269.8209.185.422.6-59.8
Net loss (income) attributable to non-controlling interests  -1.5-0.80.2-0.1-0.31.2  
   
Net (income) loss attributable to redeemable non-controlling interests          
    Net income (loss) attributable to ordinary shareholders of Baozun Inc.  -219.8426.0281.3269.7208.986.6-2.7-155.6
   
Net income (loss) per share attributable to ordinary shareholders of Baozun Inc.:          
Basic  ($1.02)$2.27$1.62$1.59$1.29$0.58($0.03)($5.31)
Diluted  ($1.02)$2.23$1.57$1.50$1.19$0.53($0.03)($5.31)
   
Net income (loss) per American depositary shares ("ADS") attributable to ordinary shareholders of Baozun Inc.:          
Basic  0.00.00.00.00.0   
Diluted  0.00.00.00.00.0   
   
Weighted average shares used in calculating net income (loss) per ordinary share:          
Basic  216.4187.3173.9169.9162.1149.9103.029.3
Diluted  216.4191.0178.9179.3176.1163.9103.029.3

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