Baozun E-commerce's net profit for the first quarter of fiscal year 2024 is -66.637 million yuan, a 20.24% increase year-on-year.

On May 28th, Baozun E-commerce (Stock Code: BZUN) announced its financial report, showing that the company’s net profit attributable to ordinary shareholders for the first quarter of fiscal year 2024 was -66.637 million yuan, a year-on-year increase of 20.24%; operating revenue was 1.98 billion yuan, a year-on-year increase of 4.87%.

Baozun E-commerce Co., Ltd. was established on December 17, 2013. The company is a leader and pioneer in China’s brand e-commerce service industry, holding a 7.9% market share based on GMV in 2019. The Chinese brand e-commerce service industry is a third-party service industry, where e-commerce service providers offer brands IT solutions, online store operations, marketing, customer service, and warehousing and distribution. With end-to-end e-commerce service capabilities, omnichannel coverage, and technology-driven solutions, the company empowers a wide variety of brands to develop successfully. The company helps brands execute their e-commerce strategies in China.

(Source: Tonghuashun (300033) iFinD)

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