Baozun Inc. (BZUN) Swings to Q1 Profit

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Go back to Baozun Inc. (BZUN) Swings to Q1 Profit

Baozun Announces First Quarter Fiscal Year 2016 Unaudited Financial Results

May 23, 2016 4:33 AM EDT

SHANGHAI, China, May 23, 2016 (GLOBE NEWSWIRE) -- Baozun Inc. (NASDAQ: BZUN) ("Baozun" or the "Company"), the leading brand e-commerce solutions provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2016.

First Quarter 2016 Financial Highlights

Total net revenues were RMB668.2 million (US$[1]103.6 million), an increase of 40.0% year-over-year.Net income was RMB4.1 million (US$0.6 million), a significant increase of 107.9% year-over-year.Non-GAAP net income[2] was RMB14.1 million (US$2.2 million), an increase of 85.1% year-over-year.Basic and diluted non-GAAP net income attributable to ordinary... More