Baozun Inc (BZUN) has released an update.
Baozun Inc. reports mixed annual results for the year ended December 31, 2023, with total net revenues rising by 4.9% to RMB 8.81 billion, despite a decrease in service revenues by 5.2%. The company experienced a loss from operations of RMB 206.4 million, a significant downturn from the previous year’s income, and a net loss attributable to shareholders of RMB 278.4 million, although this was an improvement from the larger loss in 2022.
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