Baozun, Inc. Class A (HK:9991) has released an update.
Baozun Inc. reports a marginal increase in total net revenues to RMB 4.37 billion for the first half of 2024, up 3.9% year-over-year, despite posting a net loss attributable to ordinary shareholders of RMB 97.3 million. The company’s losses from operations narrowed slightly compared to the previous year, yet both its E-Commerce and Brand Management segments reported adjusted operating losses. Cash reserves dipped to RMB 2.85 billion as of June 30, 2024, from RMB 3.07 billion at the end of 2023.
For further insights into HK:9991 stock, check out TipRanks’ Stock Analysis page.
