Baozun Inc. (Nasdaq:BZUN) ("Baozun" or the "Company"), the leading
brand e-commerce service partner that helps brands execute their
e-commerce strategies in China, today announced its unaudited
financial results for the third quarter ended September 30, 2017.
Third Quarter 2017 Financial
Highlights
- Total net revenues were RMB890.2 million (US$1133.8 million),
an increase of 18.8% year-over-year.
- Income from operations was RMB27.8 million (US$4.2 million), an
increase of 22.6% year-over-year.
- Non-GAAP income from operations2 was RMB41.2 million (US$6.2
million), an increase of 32.6% year-over-year.
- Net income attributable to Baozun ordinary shareholders was
RMB21.9 million (US$3.3 million), an increase of 11.7%
year-over-year.
- Non-GAAP net income attributable to Baozun ordinary
shareholders3 was RMB35.1 million (US$5.3 million), an increase of
25.2% year-over-year.
- Basic and diluted net income attributable to Baozun ordinary
shareholders per American Depository Share (“ADS4”) were RMB0.40
(US$0.06) and RMB0.37 (US$0.06), respectively, compared with basic
and diluted net income attributable to Baozun ordinary shareholders
per ADS of RMB0.39 and RMB0.36, respectively, for the same period
of 2016.
- Basic and diluted non-GAAP net income attributable to Baozun
ordinary shareholders per ADS were RMB0.64 (US$0.10) and RMB0.59
(US$0.09), respectively, compared with basic and diluted non-GAAP
net income attributable to Baozun ordinary shareholders per ADS of
RMB0.56 and RMB0.52, respectively, for the same period of
2016.
Third Quarter 2017 Operational
Highlights
- Total Gross Merchandise Volume (“GMV”)5 was RMB4,104.0 million,
an increase of 70.7% year-over-year.
- Distribution GMV6 was RMB546.0 million, a decrease of 2.3%
year-over-year.
- Non-distribution GMV7 was RMB3,558.0 million, an increase of
92.8% year-over-year.
- Number of brand partners increased to 146 as of September 30,
2017, from 127 as of September 30, 2016.
- Number of GMV brand partners increased to 141 as of September
30, 2017, from 115 as of September 30, 2016.
“We are pleased to report another outstanding
quarter where we continued to strengthen our long-term competitive
advantages, drove strong growth from our existing online stores and
optimized efficiency with innovative new tools,” commented Mr.
Vincent Qiu, Chairman and Chief Executive Officer of Baozun. “I am
proud of our strong performance during this year’s Singles Day
where we recorded total order value around RMB5 billion, almost
double the amount from last year. Technology plays a central role
in our strategy and we will continue to invest in it to further
strengthen our leadership position and expand the array of services
we are able to offer in order to create greater value for our
shareholders.”
Mr. Beck Chen, Chief Financial Officer of Baozun
commented, “We delivered another solid quarter of growth with GMV
increasing by 70.7% year-over-year. Brands under our
non-distribution model performed particularly well, with
non-distribution GMV continuing to grow at an even faster rate of
92.8%. With strong confidence in our strategy and operations, we
expect GMV during the fourth quarter of 2017 to grow faster than
70% on a year-over-year basis as services revenue continues to
rapidly grow.”
Third Quarter 2017 Financial
Results
Total net revenues were
RMB890.2 million (US$133.8 million), an increase of 18.8% from
RMB749.3 million in the same quarter of last year.
Product sales revenue was
RMB472.5 million (US$71.0 million), a decrease of 1.5% from
RMB479.8 million in the same quarter of last year.
Services revenue was RMB417.7
million (US$62.8 million), an increase of 55.0% from RMB269.5
million in the same quarter of last year. The increase was
primarily attributable to the rapid growth of the Company’s
consignment and service fee business model, and in particular,
growth in sales of apparel products sold by existing brand partners
as they expand their online presence.
Total operating expenses were
RMB862.4 million (US$129.6 million), compared with RMB726.6 million
in the same quarter of last year.
- Cost of products was RMB407.5
million (US$61.3 million), compared with RMB419.9 million in the
same quarter of last year. The decrease was primarily due to a
decrease in the volume of product sales from the Company’s core
brand e-commerce business.
- Fulfillment expenses were RMB173.3 million
(US$26.0 million), compared with RMB110.1 million in the same
quarter of last year. The increase was primarily due to increases
in GMV contribution from the Company’s consignment business, the
percentage of total orders fulfilled by a premium delivery service
provider, and warehouse rental expenses.
- Sales and marketing expenses were RMB222.0
million (US$33.4 million), compared with RMB151.5 million in the
same quarter of last year. The increase was primarily due to
increases in store operation staff and promotional and marketing
expenses associated with Company-operated online stores.
- Technology and content expenses were RMB35.6
million (US$5.3 million), compared with RMB23.6 million in the same
quarter of last year. The increase was primarily due to increases
in technology-focused staff, share-based compensation expenses and
project-based variable technological expenses from brand
stores.
- General and administrative expenses were
RMB29.6 million (US$4.5 million), compared with RMB22.3 million in
the same quarter of last year. The increase was primarily due to
increases in administrative staff cost and share-based compensation
expenses.
Income from operations was
RMB27.8 million (US$4.2 million), compared with RMB22.7 million in
the same quarter of last year. Operating margin was 3.1%, compared
with 3.0% in the same quarter of last year.
Non-GAAP income from operations
was RMB41.2 million (US$6.2 million), compared with RMB31.1 million
in the same quarter of last year. Non-GAAP operating margin was
4.6%, compared with 4.1% in the same quarter of last year.
Net income attributable to
Baozun ordinary shareholders was RMB21.9 million (US$3.3 million),
an increase of 11.7% from the same quarter of last year. Basic and
diluted net income attributable to Baozun ordinary shareholders per
ADS were RMB0.40 (US$0.06) and RMB0.37 (US$0.06), respectively,
compared with basic and diluted net income attributable to Baozun
ordinary shareholders per ADS of RMB0.39 and RMB0.36, respectively,
in the same period of 2016.
Non-GAAP net income
attributable to Baozun ordinary shareholders was RMB35.1 million
(US$5.3 million), an increase of 25.2% from the same quarter last
year. Basic and diluted non-GAAP net income attributable to Baozun
ordinary shareholders per ADS8 were RMB0.64 (US$0.10) and RMB0.59
(US$0.09), respectively, compared with basic and diluted non-GAAP
net income attributable to Baozun ordinary shareholders per ADS of
RMB0.56 and RMB0.52, respectively, in the same period of 2016.
As of September 30, 2017, the Company had
RMB510.2 million (US$76.7 million) in cash, cash
equivalents and short-term investment, a decrease from
957.3 million as of December 31, 2016 primarily due to investment
in logistics space and procurement in preparation for Singles Day
2017.
Business Outlook
For the fourth quarter of 2017, the Company
expects total net revenues to be between RMB1,490 million and
RMB1,530 million.
While the Company is transitioning more of its
business from the distribution model towards the non-distribution
model, Baozun began providing quarterly guidance on services
revenues starting in the second quarter of 2017. For the fourth
quarter of 2017, the Company expects services revenue to increase
by over 55% on a year-over-year basis.
Conference Call
The Company will host a conference call to
discuss the earnings at 8:00 p.m. Eastern Time on Tuesday, November
21, 2017 (9:00 a.m. Beijing time on Wednesday, November 22,
2017).
Dial-in numbers for the live conference call are
as follows:
|
|
|
International |
|
+852 3008
1527 |
U.S. Toll Free |
|
+1
866-548-4713 |
Mainland China Toll
Free |
|
4001-209101 |
Hong Kong Toll
Free |
|
8009-61105 |
Passcode: BZUN |
|
|
|
|
|
A telephone replay of the call will be available after the
conclusion of the conference call through 11:59 p.m. Hong Kong
Time, November 29, 2017.
Dial-in numbers for the replay are as follows:
|
|
|
International
Dial-in |
|
+852
3008-0334 |
U.S. Toll Free |
|
+1
888-203-1112 |
Passcode: 9520296 |
|
|
|
|
|
A live and archived webcast of the conference call will be
available on the Investor Relations section of Baozun’s website at
http://ir.baozun.com/.
Use of Non-GAAP Financial
Measures
In evaluating the Company’s business, the
Company considers and uses non-GAAP net income/(loss) from
operations, non-GAAP operating margin, non-GAAP net income/(loss),
non-GAAP net margin, non-GAAP net income (loss) attributable to
Baozun ordinary shareholders and non-GAAP net income (loss)
attributable to Baozun ordinary shareholders per ADS, as
supplemental measures to review and assess the Company’s operating
performance. The presentation of these non-GAAP financial measures
is not intended to be considered in isolation or as a substitute
for the financial information prepared and presented in accordance
with U.S. GAAP. Non-GAAP net income/(loss) from operations is net
income/(loss) from operations excluding share-based compensation
expenses and amortization of intangible assets resulting from
business acquisition. Non-GAAP operating margin is non-GAAP income
from operations as a percentage of total net revenues. Non-GAAP net
income/(loss) is net income/(loss) excluding share-based
compensation expenses and amortization of intangible assets
resulting from business acquisition. Non-GAAP net margin is
non-GAAP net income as a percentage of total net revenues.
Non-GAAP net income (loss) attributable to Baozun ordinary
shareholders is net income (loss) attributable to Baozun ordinary
shareholders excluding share-based compensation expenses and
amortization of intangible assets resulting from business
acquisition. Non-GAAP net income (loss) attributable to Baozun
ordinary shareholders per ADS is non-GAAP net income (loss)
attributable to Baozun ordinary shareholders divided by weighted
average number of shares used in calculating net income per
ordinary share multiplied by three.
The Company presents the non-GAAP financial
measures because they are used by the Company’s management to
evaluate the Company’s operating performance and formulate business
plans. Non-GAAP income/(loss) from operations and non-GAAP net
income/(loss) enable the Company’s management to assess the
Company’s operating results without considering the impact of
share-based compensation expenses and amortization of intangible
assets resulting from business acquisition. The Company also
believes that the use of the non-GAAP measures facilitate
investors’ assessment of the Company’s operating performance.
The non-GAAP financial measures are not defined
under U.S. GAAP and are not presented in accordance with U.S. GAAP.
The non-GAAP financial measures have limitations as analytical
tools. One of the key limitations of using non-GAAP income/(loss)
from operations and non-GAAP net income/(loss) is that they do not
reflect all items of income and expense that affect the Company’s
operations. Share-based compensation expenses and amortization of
intangible assets resulting from business acquisition have been and
may continue to be incurred in the Company’s business and is not
reflected in the presentation of non-GAAP income/(loss) from
operations and non-GAAP net income/(loss). Further, the non-GAAP
measures may differ from the non-GAAP measures used by other
companies, including peer companies, and therefore their
comparability may be limited. In light of the foregoing
limitations, the non-GAAP net income/(loss) from operations,
non-GAAP operating margin, non-GAAP net income/(loss), non-GAAP net
margin, non-GAAP net income (loss) attributable to Baozun ordinary
shareholders and non-GAAP net income (loss) attributable to Baozun
ordinary shareholders per ADS for the period should not be
considered in isolation from or as an alternative to net
income/(loss) from operations, operating margin, net income/(loss),
net margin, net income (loss) attributable to Baozun ordinary
shareholders and net income (loss) attributable to Baozun ordinary
shareholders per ADS, or other financial measures prepared in
accordance with U.S. GAAP.
The Company compensates for these limitations by
reconciling the non-GAAP financial measures to the nearest U.S.
GAAP performance measures, which should be considered when
evaluating the Company’s performance.
Safe Harbor Statements
This news release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "target," "going forward," "outlook" and
similar statements. Such statements are based upon management's
current expectations and current market and operating conditions,
and relate to events that involve known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond the Company's control, which
may cause the Company's actual results, performance or achievements
to differ materially from those in the forward-looking statements.
Further information regarding these and other risks, uncertainties
or factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. The Company does not undertake
any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required
under law.
About Baozun Inc.
Baozun is the leading brand e-commerce service
partner that helps brands execute their e-commerce strategies in
China by selling their goods directly to customers online or by
providing services to assist with their e-commerce operations. The
Company's integrated end-to-end brand e-commerce capabilities
encompass all aspects of the e-commerce value chain, covering IT
solutions, store operations, digital marketing, customer services,
warehousing and fulfillment.
For more information, please visit
http://ir.baozun.com
______________________
1 This announcement contains translations of certain Renminbi
(RMB) amounts into U.S. dollars (US$) at a specified rate solely
for the convenience of the reader. Unless otherwise noted, the
translation of RMB into US$ has been made at RMB6.6533 to US$1.00,
the noon buying rate in effect on September 29, 2017 as set forth
in the H.10 Statistical Release of the Federal Reserve Board.2
Non-GAAP income from operations is a non-GAAP financial measure,
which is defined as income from operations excluding share-based
compensation expenses and amortization of intangible assets
resulting from business acquisition.3 Non-GAAP net income
attributable to Baozun ordinary shareholders is a non-GAAP
financial measure, which is defined as net income attributable to
Baozun ordinary shareholders excluding share-based compensation
expenses and amortization of intangible assets resulting from
business acquisition.4 Each ADS represents three Class A ordinary
shares.5 GMV includes value added tax and excludes (i) shipping
charges, (ii) surcharges and other taxes, (iii) value of the goods
that are returned and (iv) deposits for purchases that have not
been settled.6 Distribution GMV refers to the GMV under the
distribution business model.7 Non-distribution GMV refers to the
GMV under the service fee business model and the consignment
business model.8 Basic and diluted non-GAAP net income attributable
to Baozun ordinary shareholders per ADS are non-GAAP financial
measures, which are defined as non-GAAP net income (loss)
attributable to Baozun ordinary shareholders divided by weighted
average number of shares used in calculating basic and diluted net
income per ordinary share multiplied by three, respectively.
|
|
Baozun
Inc. |
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS |
(In
thousands) |
|
|
|
|
|
|
|
|
|
|
As of |
|
|
December
31,2016 |
|
September
30,2017 |
|
September
30,2017 |
|
|
RMB |
|
RMB |
|
US$ |
ASSETS |
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
Cash and cash equivalents |
|
917,319 |
|
147,642 |
|
22,191 |
Restricted cash |
|
50,832 |
|
102,348 |
|
15,383 |
Short-term investment |
|
40,000 |
|
362,572 |
|
54,495 |
Accounts receivable, net |
|
624,817 |
|
653,954 |
|
98,290 |
Inventories |
|
312,071 |
|
413,048 |
|
62,082 |
Advances to suppliers |
|
75,727 |
|
178,363 |
|
26,808 |
Prepayments and other current assets |
|
108,495 |
|
108,389 |
|
16,291 |
Amounts due from related parties |
|
38,772 |
|
48,567 |
|
7,300 |
Total current assets |
|
2,168,033 |
|
2,014,883 |
|
302,840 |
|
|
|
|
|
|
|
Non-current assets |
|
|
|
|
|
|
Investments in equity investees |
|
33,443 |
|
30,161 |
|
4,533 |
Property and equipment, net |
|
100,892 |
|
330,076 |
|
49,611 |
Intangible assets, net |
|
26,984 |
|
53,439 |
|
8,032 |
Land use right, net |
|
- |
|
44,960 |
|
6,758 |
Goodwill |
|
- |
|
13,158 |
|
1,978 |
Other non-current assets |
|
26,581 |
|
19,815 |
|
2,977 |
Deferred tax assets |
|
12,332 |
|
12,757 |
|
1,917 |
Total
non-current assets |
|
200,232 |
|
504,366 |
|
75,806 |
|
|
|
|
|
|
|
Total assets |
|
2,368,265 |
|
2,519,249 |
|
378,646 |
|
Baozun
Inc. |
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS |
(In thousands, except
for share and per share data) |
|
|
|
|
|
|
|
|
|
|
As of |
|
|
December
31,2016 |
|
September
30,2017 |
|
September
30,
2017 |
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
Short-term loan |
|
- |
|
|
172,000 |
|
|
25,852 |
|
Accounts payable |
|
526,461 |
|
|
283,039 |
|
|
42,542 |
|
Notes payable |
|
115,140 |
|
|
185,000 |
|
|
27,806 |
|
Income tax payables |
|
15,811 |
|
|
16,032 |
|
|
2,410 |
|
Accrued expenses and other current liabilities |
|
138,841 |
|
|
183,167 |
|
|
27,530 |
|
Total current liabilities |
|
796,253 |
|
|
839,238 |
|
|
126,140 |
|
|
|
|
|
|
|
|
Deferred tax liability |
|
- |
|
|
3,808 |
|
|
572 |
|
Total Non-current liabilities |
|
- |
|
|
3,808 |
|
|
572 |
|
|
|
|
|
|
|
|
Total liabilities |
|
796,253 |
|
|
843,046 |
|
|
126,712 |
|
|
|
|
|
|
|
|
Baozun Inc. shareholders’ equity: |
|
|
|
|
|
|
Class A ordinary shares (US$0.0001 par value;
470,000,000 shares authorized, 146,111,244 and 150,722,881 shares
issued and outstanding as of December 31, 2016 and September 30,
2017, respectively) |
|
92 |
|
|
95 |
|
|
14 |
|
Class B ordinary shares (US$0.0001 par value;
30,000,000 shares authorized, 13,300,738 shares issued and
outstanding as of December 31, 2016 and September 30, 2017,
respectively) |
|
8 |
|
|
8 |
|
|
1 |
|
Additional paid-in capital |
|
1,761,430 |
|
|
1,809,868 |
|
|
272,026 |
|
Accumulated deficit |
|
(233,866 |
) |
|
(171,560 |
) |
|
(25,787 |
) |
Accumulated other comprehensive income |
|
44,348 |
|
|
20,312 |
|
|
3,053 |
|
|
|
|
|
|
|
|
Total Baozun Inc. shareholders'
equity |
|
1,572,012 |
|
|
1,658,723 |
|
|
249,307 |
|
|
|
|
|
|
|
|
Noncontrolling interests |
|
- |
|
|
17,480 |
|
|
2,627 |
|
Total equity |
|
1,572,012 |
|
|
1,676,203 |
|
|
251,934 |
|
|
|
|
|
|
|
Total
liabilities and shareholders'
equity |
2,368,265 |
|
|
2,519,249 |
|
|
378,646 |
|
|
Baozun
Inc. |
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE
INCOME |
(In thousands, except
for share and per share data and per ADS data) |
|
|
|
|
|
|
|
|
|
|
For the three months ended
September 30, |
|
|
|
2016 |
|
2017 |
|
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
Net revenues |
|
|
|
|
|
|
|
Product sales |
|
479,782 |
|
|
472,505 |
|
|
71,018 |
|
|
Services |
|
269,504 |
|
|
417,739 |
|
|
62,787 |
|
|
Total net revenues |
|
749,286 |
|
|
890,244 |
|
|
133,805 |
|
|
|
|
|
|
|
|
|
|
Operating expenses
(1) |
|
|
|
|
|
|
|
Cost of products |
|
(419,890 |
) |
|
(407,535 |
) |
|
(61,253 |
) |
|
Fulfillment |
|
(110,103 |
) |
|
(173,303 |
) |
|
(26,048 |
) |
|
Sales and marketing (2) |
|
(151,467 |
) |
|
(222,028 |
) |
|
(33,371 |
) |
|
Technology and content |
|
(23,618 |
) |
|
(35,568 |
) |
|
(5,346 |
) |
|
General and administrative |
|
(22,296 |
) |
|
(29,636 |
) |
|
(4,454 |
) |
|
Other operating income, net |
|
768 |
|
|
5,623 |
|
|
845 |
|
|
Total operating expenses |
|
(726,606 |
) |
|
(862,447 |
) |
|
(129,627 |
) |
|
Income from
operations |
|
22,680 |
|
|
27,797 |
|
|
4,178 |
|
|
Other income (expenses) |
|
|
|
|
|
|
|
Interest income |
|
2,204 |
|
|
3,256 |
|
|
489 |
|
|
Interest expense |
|
- |
|
|
(740 |
) |
|
(111 |
) |
|
Gain on disposal of an investment |
|
- |
|
|
800 |
|
|
120 |
|
|
Exchange loss |
|
(122 |
) |
|
(363 |
) |
|
(55 |
) |
|
Income before income tax |
|
24,762 |
|
|
30,750 |
|
|
4,621 |
|
|
Income tax expense (3) |
|
(5,639 |
) |
|
(8,229 |
) |
|
(1,237 |
) |
|
Share of loss in equity method investment, net of tax
of nil |
|
- |
|
|
(252 |
) |
|
(38 |
) |
|
Net income |
|
19,123 |
|
|
22,269 |
|
|
3,346 |
|
|
|
|
|
|
|
|
|
|
Net (income)/loss attributable to noncontrolling
interests |
|
522 |
|
|
(330 |
) |
|
(50 |
) |
|
Net income attributable to
ordinary shareholders of Baozun Inc. |
|
19,645 |
|
|
21,939 |
|
|
3,296 |
|
|
|
|
|
|
|
|
|
|
Net income per share
attributable to ordinary shareholders of Baozun Inc.: |
|
|
|
|
|
|
|
Basic |
|
0.13 |
|
|
0.13 |
|
|
0.02 |
|
|
Diluted |
|
0.12 |
|
|
0.12 |
|
|
0.02 |
|
|
Net income per ADS
attributable to ordinary shareholders of Baozun Inc.: |
|
|
|
|
|
|
|
Basic |
|
0.39 |
|
|
0.40 |
|
|
0.06 |
|
|
Diluted |
|
0.36 |
|
|
0.37 |
|
|
0.06 |
|
|
Weighted average shares used in calculating net
income per ordinary share |
|
|
|
|
|
|
|
Basic |
|
149,487,431 |
|
|
163,205,286 |
|
|
163,205,286 |
|
|
Diluted |
|
163,005,730 |
|
|
177,462,498 |
|
|
177,462,498 |
|
|
|
|
|
|
|
|
|
|
Net income |
|
19,123 |
|
|
22,269 |
|
|
3,346 |
|
|
Other comprehensive income, net of tax of nil: |
|
|
|
|
|
|
|
Foreign currency translation adjustment |
|
1,423 |
|
|
(10,719 |
) |
|
(1,611 |
) |
|
Comprehensive income |
|
20,546 |
|
|
11,550 |
|
|
1,735 |
|
|
|
(1) Share-based compensation expenses are allocated in operating
expenses items as follows:
|
|
|
|
|
For the three months ended
September 30, |
|
|
2016 |
|
2017 |
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
Fulfillment |
|
500 |
|
|
716 |
|
|
108 |
|
Sales and marketing |
|
2,721 |
|
|
4,846 |
|
|
728 |
|
Technology and content |
|
2,137 |
|
|
2,798 |
|
|
421 |
|
General and administrative |
|
3,014 |
|
|
4,626 |
|
|
695 |
|
|
|
8,372 |
|
|
12,986 |
|
|
1,952 |
|
|
(2) Including amortization of intangible assets resulting from
business acquisition, which amounted to RMB nil and RMB0.4 million
for the three months period ended September 30, 2016 and September
30, 2017, respectively.
(3) Including income tax benefits of RMB nil and RMB0.1 million
related to the reversal of deferred tax liabilities, which was
recognized on business acquisition for the three months period
ended September 30, 2016 and September 30, 2017, respectively.
|
Baozun
Inc. |
Reconciliations of GAAP
and Non-GAAP Results |
(in thousands,
except for share and per ADS
data) |
|
|
|
|
|
|
|
For the three months ended
September 30, |
|
|
2016 |
|
2017 |
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from
operations |
|
22,680 |
|
27,797 |
|
|
4,178 |
|
Add: Share-based compensation expenses |
|
8,372 |
|
12,986 |
|
|
1,952 |
|
Amortization of intangible assets resulting from business
acquisition |
|
- |
|
391 |
|
|
59 |
|
Non-GAAP income from operations |
|
31,052 |
|
41,174 |
|
|
6,189 |
|
|
|
|
|
|
|
|
Net
Income |
|
19,123 |
|
22,269 |
|
|
3,346 |
|
Add: Share-based compensation expenses |
|
8,372 |
|
12,986 |
|
|
1,952 |
|
Amortization of intangible assets resulting from business
acquisition |
|
- |
|
391 |
|
|
59 |
|
Less: Tax effect of amortization of intangible
assets resulting from business acquisition |
|
- |
|
(98 |
) |
|
(15 |
) |
Non-GAAP net income |
|
27,495 |
|
35,548 |
|
|
5,342 |
|
|
|
|
|
|
|
|
Net income
attributable to ordinary shareholders of Baozun Inc. |
|
19,645 |
|
21,939 |
|
|
3,296 |
|
Add: Share-based compensation expenses |
|
8,372 |
|
12,986 |
|
|
1,952 |
|
Amortization of intangible assets resulting from business
acquisition |
|
- |
|
199 |
|
|
30 |
|
Less: Tax effect of amortization of intangible
assets resulting from business acquisition |
|
- |
|
(50 |
) |
|
(8 |
) |
Non-GAAP net income attributable to ordinary shareholders
of Baozun Inc. |
|
28,017 |
|
35,074 |
|
|
5,270 |
|
|
|
|
|
|
|
|
Non-GAAP net income
attributable to ordinary shareholders of Baozun
Inc. per ADS: |
|
|
|
|
|
|
Basic |
|
0.56 |
|
0.64 |
|
|
0.10 |
|
Diluted |
|
0.52 |
|
0.59 |
|
|
0.09 |
|
Weighted average shares used in calculating net income per
ordinary share |
|
|
|
|
|
|
Basic |
|
149,487,431 |
|
163,205,286 |
|
|
163,205,286 |
|
Diluted |
|
163,005,730 |
|
177,462,498 |
|
|
177,462,498 |
|
|
|
|
|
|
|
|
|
|
For investor and media inquiries, please contact:
Baozun Inc.Ms. Caroline
Dongir@baozun.com
ChristensenIn ChinaMr.
Christian ArnellPhone: +86-10-5900-1548E-mail:
carnell@christensenir.com
In U.S.Ms. Linda BergkampPhone:
+1-480-614-3004Email: lbergkamp@ChristensenIR.com
Baozun (NASDAQ:BZUN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Baozun (NASDAQ:BZUN)
Historical Stock Chart
From Sep 2023 to Sep 2024