Baozun Inc. (BZUN)

Baozun Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-143.83	-138.38	-222.78	-610.37	-205.96	426.53
Depreciation & Amortization	231.58	244.85	251.63	196.54	206.94	151.72
Stock-Based Compensation	46.25	76.26	103.45	142.38	196.55	108.44
Other Adjustments	188.34	177.01	214.85	713.22	359.71	149.75
Change in Receivables	-257.23	181.56	226.89	-42.37	-98.6	-400.11
Changes in Inventories	38.29	-222.5	-33.81	-31.03	-137.04	-237.68
Changes in Accounts Payable	-301.65	11.67	-114.72	15.68	68.09	-160.69
Changes in Accrued Expenses	128.05	-94.28	13.97	89.57	-254.58	392.83
Changes in Income Taxes Payable	3.22	12.19	-27.38	-81.16	-26.69	-9.38
Changes in Other Operating Activities	160.65	-147.11	36.15	-9.85	-204.51	-111.41
Operating Cash Flow	98.55	101.28	448.26	382.61	-96.11	310.01
Operating Cash Flow Growth	-11.69%	-77.41%	17.16%	-	-	2.86%
Capital Expenditures	-129.2	-132.11	-165.01	-206.96	-285.59	-111.05
Purchases of Intangible Assets	-65.9	-76.16	-65.2	-52.29	-67.19	-47.53
Purchases of Investments	-956.25	-1,125	-992.95	-971.02	-1,443	-1,999
Proceeds from Sale of Investments	1,081	582.47	1,017	18.6	2,388	1,541
Payments for Business Acquisitions	-42.37	-62.95	-104.62	-77.74	-208.43	-0.1
Proceeds from Business Divestments	-	-	-	-1.9	-	-
Other Investing Activities	-	-3.54	-29.38	-15.36	-8.8	-
Investing Cash Flow	-604.33	-817.61	-340.37	-1,307	375.82	-616.37
Short-Term Debt Issued	2,215	1,970	1,821	1,843	548.46	235.39
Short-Term Debt Repaid	-1,999	-1,865	-1,721	-1,376	-	-663.88
Net Short-Term Debt Issued (Repaid)	216.01	105.24	99.65	467.61	548.46	-428.49
Long-Term Debt Issued	-	-	-	-	-	-0.74
Long-Term Debt Repaid	-	-	-	-1,760	-	-
Net Long-Term Debt Issued (Repaid)	-	-	-	-1,760	-	-0.74
Issuance of Common Stock	0.17	0.16	0	0	0.05	3,128
Repurchase of Common Stock	-84.09	-95.5	-	-446.64	-1,060	-
Net Common Stock Issued (Repurchased)	-83.92	-95.34	0	-446.63	-1,060	3,128
Other Financing Activities	-27.7	-29.64	-107.68	88.59	1,262	-31.67
Financing Cash Flow	118.11	-19.74	-8.03	-1,650	749.95	2,667
Effect of Exchange Rate Changes on Cash and Cash Equivalents	18.08	28.08	6.72	120.42	-60.92	-156.28
Net Cash Flow	-387.67	-736.07	99.85	-2,574	1,030	2,360
Free Cash Flow	-30.66	-30.83	283.25	175.65	-381.69	198.96
Free Cash Flow Growth	-	-	61.26%	-	-	-5.32%
FCF Margin	-0.32%	-0.33%	3.21%	2.09%	-4.06%	2.25%
Free Cash Flow Per Share	-0.52	-0.51	4.76	2.88	-5.29	3.13
Levered Free Cash Flow	161.96	-407.24	-217.93	-1,973	-304.75	-88.89
Unlevered Free Cash Flow	-25.52	-467.72	-256.96	7.6	-623.84	342.95

Updated Mar 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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