Baozun Inc. logo

Baozun Inc.

BZUN

NASDAQConsumer CyclicalSpecialty Retail

Previous close

$2.84

+$0.04 · +1.43%

Aug 21, 4:00 PM ET

BZUN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

82

Deep Value

Momentum

46

Neutral

Sentiment

42

Mixed

Risk resilience

49

Elevated Risk

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Company profile

Company website

Baozun Inc., operating through its network of subsidiaries, provides a comprehensive suite of digital commerce services to brand partners across the People's Republic of China. The company's extensive offerings include establishing and integrating IT infrastructure, designing and launching online retail platforms, managing daily store operations, executing visual merchandising and promotional campaigns, providing dedicated customer support, and overseeing logistics such as warehousing and order fulfillment. Baozun caters to brands in a wide array of sectors, including apparel and accessories, household appliances, consumer electronics, home goods and furnishings, food and health products, beauty and cosmetics, fast-moving consumer goods (FMCG), mother and baby products, and the automotive industry. Founded in 2007, the enterprise was initially known as Baozun Cayman Inc. before adopting its current name, Baozun Inc., in March 2015. Its global headquarters are located in Shanghai, China.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
CN
CEO
Wenbin Qiu
Listed since
May 20, 2015
Employees
6,762

Market position

Day range

Current $2.84

52-week range

Current $2.84

Open
$2.86
Previous close
$2.80
Volume
136.63K
0.47× average
Average volume
290.4K
Average daily volume
Market cap
165.12M USD
Beta
0.51
Market reference 1
50-day average
$2.7859
+1.94% above average
200-day average
$2.7211
+4.37% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.3B CNY
P/E (TTM)
-5.88×
P/B (TTM)
0.31×
P/S (TTM)
0.11×
EV / EBITDA
35.09×
Earnings yield
-22.51%
Free cash flow yield
24.79%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
51.00%
Operating margin
1.55%
Net margin
-1.82%
Return on equity
-6.64%
Return on assets
-2.50%
Return on invested capital
0.96%

Financial health

Debt / equity
0.63×
Current ratio
1.87×
Altman Z-score
1.42
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends57%33%10%-14%Gross margin, FY2021: 36.81%Gross margin, FY2022: 40.77%Gross margin, FY2023: 44.21%Gross margin, FY2024: 47.62%Gross margin, FY2025: 50.87%Operating margin, FY2021: 0.07%Operating margin, FY2022: 0.40%Operating margin, FY2023: -2.34%Operating margin, FY2024: -1.22%Operating margin, FY2025: 0.75%Net margin, FY2021: -2.34%Net margin, FY2022: -7.78%Net margin, FY2023: -3.16%Net margin, FY2024: -1.97%Net margin, FY2025: -2.43%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.81%. Gross margin FY2022 40.77%. Gross margin FY2023 44.21%. Gross margin FY2024 47.62%. Gross margin FY2025 50.87%. Operating margin FY2021 0.07%. Operating margin FY2022 0.40%. Operating margin FY2023 -2.34%. Operating margin FY2024 -1.22%. Operating margin FY2025 0.75%. Net margin FY2021 -2.34%. Net margin FY2022 -7.78%. Net margin FY2023 -3.16%. Net margin FY2024 -1.97%. Net margin FY2025 -2.43%.

Income trends

Revenue

9.95B CNY+5.55%

Operating income

74.95M CNY+189.78M CNY

Net income

−242.1M CNY-30.72%
Income trends across reported periods11.01B CNY6.77B CNY2.53B CNY−1.71B CNYRevenue, FY2021: 9.4B CNYRevenue, FY2022: 8.4B CNYRevenue, FY2023: 8.81B CNYRevenue, FY2024: 9.42B CNYRevenue, FY2025: 9.95B CNYOperating income, FY2021: 7.02M CNYOperating income, FY2022: 33.29M CNYOperating income, FY2023: −206.38M CNYOperating income, FY2024: −114.83M CNYOperating income, FY2025: 74.95M CNYNet income, FY2021: −219.83M CNYNet income, FY2022: −653.29M CNYNet income, FY2023: −278.42M CNYNet income, FY2024: −185.2M CNYNet income, FY2025: −242.1M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 9.4B CNY. Revenue FY2022 8.4B CNY. Revenue FY2023 8.81B CNY. Revenue FY2024 9.42B CNY. Revenue FY2025 9.95B CNY. Operating income FY2021 7.02M CNY. Operating income FY2022 33.29M CNY. Operating income FY2023 −206.38M CNY. Operating income FY2024 −114.83M CNY. Operating income FY2025 74.95M CNY. Net income FY2021 −219.83M CNY. Net income FY2022 −653.29M CNY. Net income FY2023 −278.42M CNY. Net income FY2024 −185.2M CNY. Net income FY2025 −242.1M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue9.95B CNY9.42B CNY8.81B CNY8.4B CNY9.4B CNY
Cost of goods sold4.89B CNY4.94B CNY4.92B CNY4.98B CNY5.94B CNY
Gross profit5.06B CNY4.49B CNY3.9B CNY3.42B CNY3.46B CNY
Research and development505.2M CNY427.95M CNY448.41M CNY
Selling, general, and administrative4.6B CNY4.1B CNY3.68B CNY3.05B CNY3.08B CNY
Operating expenses4.98B CNY4.6B CNY4.1B CNY3.38B CNY3.45B CNY
Interest income58.56M CNY68.75M CNY82.11M CNY45.82M CNY62.94M CNY
Interest expense44.57M CNY38.99M CNY41.34M CNY56.92M CNY56.85M CNY
Depreciation and amortization221.74M CNY244.85M CNY251.63M CNY196.54M CNY206.94M CNY
Operating income74.95M CNY−114.83M CNY−206.38M CNY33.29M CNY7.02M CNY
Net income−242.1M CNY−185.2M CNY−278.42M CNY−653.29M CNY−219.83M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-4.05
FY2025
Latest fiscal-year revenue
9.95B CNY
FY2025 · +5.55% year over year
Next fiscal-year EPS consensus
3.45
FY2026 · 2 analysts
Next fiscal-year revenue consensus
10.87B CNY
FY2026 · 5 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend10.682.92-4.85-12.62FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend14.39B12.21B10.03B7.86BFY21FY22FY23FY24FY25FY26FY27FY28

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$5.35

88.38% upside
Past 12 months12-month forecastHigh $10.00Average $5.35Low $2.20

Rating distribution

13 ratings
Strong buy00%
Buy646%
Hold646%
Sell18%
Strong sell00%

Recent analyst actions

4 institutions
CitigroupmaintainBuy
CLSAdowngradeOutperformHold
Daiwa CapitalmaintainOutperformBuy
HSBCmaintainHold

BZUN peers

ETFs holding BZUN

Funds reporting this stock among their holdings, ordered by reported position size.

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