| Net loss per share |
18. Net loss per share Basic and diluted net loss per share for each of the periods presented are calculated as follows: | | | | | | | | | For Year Ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Numerator: | | | | | | | Net loss | | (222,776) | | (138,384) | | (199,580) | Net loss (income) attributable to non-controlling interests | | (9,677) | | 1,990 | | (23,374) | Net income attributable to redeemable non-controlling interests | | (45,969) | | (48,804) | | (19,146) | Net loss attributable to ordinary shareholders of Baozun Inc. | | (278,422) | | (185,198) | | (242,100) | | | | | | | | Net loss per share attributable to ordinary shareholders of Baozun Inc. | | | | | | | Basic | | (1.56) | | (1.03) | | (1.40) | Diluted | | (1.56) | | (1.03) | | (1.40) | | | | | | | | Net loss per ADS (1 ADS represents 3 Class A ordinary shares) attributable to ordinary shareholders of Baozun Inc. | | | | | | | Basic | | (4.68) | | (3.09) | | (4.19) | Diluted | | (4.68) | | (3.09) | | (4.19) | | | | | | | | Shares (Denominator): | | | | | | | Weighted average number of ordinary shares | | | | | | | Basic | | 178,549,849 | | 179,678,986 | | 173,480,754 | Diluted | | 178,549,849 | | 179,678,986 | | 173,480,754 |
During the years ended 2023, 2024 and 2025, the Group had 8,502,786, 3,379,002 and 1,152,135 outstanding restricted share units and options respectively, which were excluded from the computation of diluted earnings per share as their effects would have been anti-dilutive.
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