For Year Ended December 31,

 

2023

 

2024

 

2025

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