Positive Revenue Growth
Baozun's total net revenues for Q3 2025 increased by 5% year-over-year to RMB 2.2 billion, with E-Commerce revenue growing by 2.4% to RMB 1.8 billion and Brand Management revenue up 20% to RMB 396 million.
Improved Profitability
Non-GAAP operating loss narrowed significantly to RMB 11 million from RMB 85 million a year ago, driven by strong gross margin expansion. Gross profit increased by 26.1% to RMB 277.4 million.
BEC Profitability Surge
BEC achieved its most profitable third quarter in recent years with a non-GAAP operating profit of RMB 28 million, compared to an operating loss of RMB 30 million a year ago.
BBM Revenue and Margin Growth
BBM revenue grew by 20% year-over-year, with a gross profit increase of 28% and gross margin expansion to 56.5% from 52.8%.
Successful Marketing and Brand Initiatives
Engaged a top-tier actor as Gap China brand ambassador, launched effective marketing campaigns, and expanded Gap's offline presence.
Cash Position
As of September 30, 2025, Baozun's cash and cash equivalents, restricted cash, and short-term investments totaled RMB 2.7 billion.