Baozun Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,126	1,289	2,150	2,144	4,607	3,580
Short-Term Investments	1,408	1,272	720.52	895.43	-	1,449
Cash & Short-Term Investments	2,534	2,561	2,870	3,039	4,607	5,029
Cash Growth	8.76%	-10.77%	-5.57%	-34.02%	-8.39%	152.88%
Accounts Receivable	1,970	2,034	2,185	2,293	2,261	2,189
Other Receivables	2.59	7.02	86.66	93.27	68.98	40.94
Total Trade Receivables	1,973	2,041	2,271	2,386	2,330	2,230
Inventory	1,118	1,117	1,045	943	1,074	1,026
Other Current Assets	1,150	1,495	1,104	1,029	1,194	874.34
Total Current Assets	6,775	7,214	7,291	7,397	9,204	9,159
Net Property, Plant & Equipment	1,548	1,627	1,960	1,581	1,789	996.42
Other Intangible Assets	323.84	357.31	306.42	310.72	395.21	146.37
Goodwill	292.72	362.4	312.46	336.33	397.9	13.57
Long-Term Investments	555.87	341.69	359.13	269.69	330.79	53.34
Other Long-Term Assets	295.33	304.39	245.94	227.62	202.13	106.18
Total Assets	9,790	10,207	10,474	10,122	12,319	10,475
Accounts Payable	650.5	620.68	563.56	474.73	494.08	421.56
Accrued Expenses	1,140	1,201	1,239	1,103	1,186	1,109
Short-Term Debt	1,569	1,682	1,622	1,504	2,818	500.82
Current Portion of Leases	256.68	243.14	332.98	235.45	278.18	165.12
Other Current Liabilities	0.08	0.13	-	364.76	-	-
Total Current Liabilities	3,616	3,748	3,758	3,682	4,777	2,196
Long-Term Debt	4	-	-	-	-	1,763
Long-Term Leases	573.72	597.81	799.1	673.96	883.5	370.43
Other Long-Term Liabilities	74.74	81.06	65.68	90.53	177.51	2.54
Total Long-Term Liabilities	652.46	678.87	864.78	764.49	1,061	2,136
Total Liabilities	4,268	4,426	4,623	4,446	5,838	4,332
Common Stock	0.1	0.1	0.1	0.12	0	0.15
Treasury Stock	-90.64	-95.5	-	-832.58	-385.94	-
Additional Paid-in Capital	4,642	4,647	4,571	5,129	4,960	5,208
Accumulated Other Comprehensive Income	41.62	54.58	32.25	15.68	-102.6	-48.76
Retained Earnings	-895.93	-691.79	-506.59	-228.17	425.13	952
Total Common Shareholders' Equity	3,697	3,914	4,097	4,084	4,896	6,111
Minority Interest	1,825	1,867	1,755	1,592	1,585	31.58
Shareholders' Equity	5,522	5,781	5,852	5,676	6,481	6,143
Total Liabilities & Equity	9,790	10,207	10,474	10,122	12,319	10,475
Total Debt	2,403	2,523	2,754	2,413	3,980	2,799
Net Cash (Debt)	130.53	37.86	115.62	626.14	626.81	2,229
Net Cash Growth	244.74%	-67.25%	-81.53%	-0.11%	-71.88%	-
Net Cash Per Share	-	0.35	1.33	10.17	10.35	32.31
Book Value	3,697	3,914	4,097	4,084	4,896	6,111
Book Value Per Share	-	36.66	47.12	66.37	80.88	88.58
Tangible Book Value	3,081	3,194	3,478	3,437	4,103	5,951
Tangible Book Value Per Share	-	29.92	40.00	55.85	67.78	86.26

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.