BAOZUN-W (09991) Cash Flow Statement

7.150
+0.300+4.38%

15min DelayMarket Closed Jun 15 15:12 CST

1.25BMarket Cap-5.90P/E (TTM)

BAOZUN-W (09991) Cash Flow

All

YOY

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(FY)Dec 31, 2025

(Q6)Jun 30, 2025

(FY)Dec 31, 2024

(Q6)Jun 30, 2024

(FY)Dec 31, 2023

(Q6)Jun 30, 2023

(FY)Dec 31, 2022

(Q6)Jun 30, 2022

(FY)Dec 31, 2021

(FY)Dec 31, 2020

Cash flow from operating activities

Earning before tax

-44.22%-199.58M

-6.23%-92.72M

37.88%-138.38M

4.29%-87.28M

63.50%-222.78M

53.69%-91.19M

-196.35%-610.37M

---196.94M

-148.29%-205.96M

51.31%426.53M

Profit adjustment

Interest (income) - adjustment

---3.45M

---930K

----

Investment loss (gain)

-147.25%-11.65M

-123.80%-2.71M

494.34%24.66M

74.01%-1.21M

-130.42%-6.25M

-43.00%-4.66M

722.82%20.55M

---3.26M

39.67%-3.3M

-14.72%-5.47M

Impairment and provisions:

143.61%417M

55.58%126.4M

-17.65%171.17M

24.05%81.25M

12.58%207.87M

-15.49%65.49M

-7.16%184.65M

--77.5M

63.05%198.88M

29.45%121.98M

-Impairmen of inventory (reversal)

-15.83%126.89M

-17.18%67.68M

-1.41%150.75M

69.04%81.73M

-5.38%152.9M

-35.36%48.35M

80.52%161.6M

--74.79M

-17.47%89.52M

42.40%108.46M

-Impairment of goodwill

165.29%18.4M

----

-80.31%6.93M

----

167.67%35.21M

----

--13.16M

----

-Other impairments and provisions

1,914.47%271.71M

12,333.13%58.72M

-31.71%13.49M

-102.80%-480K

99.62%19.75M

533.90%17.15M

-90.95%9.89M

--2.71M

709.22%109.37M

-25.16%13.52M

Revaluation surplus:

116.08%1.9M

181.99%9.14M

51.71%-11.84M

54.51%-11.15M

-106.55%-24.52M

---24.52M

--374.25M

----

-Derivative financial instruments fair value (increase)

----

---24.52M

----

-Other fair value changes

116.08%1.9M

181.99%9.14M

51.71%-11.84M

---11.15M

-106.55%-24.52M

----

--374.25M

----

Asset sale loss (gain):

-58.16%11.94M

-51.81%4.83M

285.24%28.55M

280.01%10.02M

-91.88%7.41M

299.39%2.64M

1,018.25%91.29M

--660K

48.03%8.16M

58.07%5.52M

-Loss (gain) from sale of subsidiary company

----

--90.07M

----

-Loss (gain) on sale of property, machinery and equipment

-58.16%11.94M

-51.81%4.83M

285.24%28.55M

280.01%10.02M

502.93%7.41M

299.39%2.64M

-85.22%1.23M

--660K

50.75%8.31M

58.07%5.52M

-Loss (gain) from selling other assets

----

---150K

----

Depreciation and amortization:

-9.44%221.74M

-10.46%113.63M

-2.69%244.85M

0.36%126.9M

28.03%251.63M

29.56%126.44M

-5.02%196.54M

--97.59M

36.39%206.94M

26.34%151.72M

-Depreciation

-9.44%221.74M

-10.46%113.63M

-2.69%244.85M

0.36%126.9M

28.03%251.63M

29.56%126.44M

-5.02%196.54M

--97.59M

36.39%206.94M

26.34%151.72M

Exchange Loss (gain)

-63.60%3.72M

-172.75%-7.71M

19.73%10.21M

32.61%10.6M

960.95%8.53M

648.31%7.99M

105.74%804K

--1.07M

-557.26%-14.02M

-71.43%3.07M

Special items

-47.81%15.93M

-94.12%3.85M

-75.63%30.52M

21.28%65.42M

-31.94%125.26M

-70.81%53.94M

-49.79%184.05M

--184.8M

175.36%366.52M

77.57%133.11M

Operating profit before the change of operating capital

27.19%457.55M

-20.96%153.77M

3.63%359.74M

42.89%194.54M

-21.42%347.15M

-15.66%136.14M

-20.72%441.77M

--161.42M

-33.38%557.23M

44.06%836.45M

Change of operating capital

Inventory (increase) decrease

141.04%91.3M

156.17%93.8M

-558.12%-222.5M

-270.78%-166.99M

-8.97%-33.81M

-1.36%97.78M

77.36%-31.03M

--99.13M

42.34%-137.04M

25.74%-237.68M

Accounts receivable (increase)decrease

-237.50%-327.86M

-115.62%-59.77M

2.96%238.45M

-34.28%382.61M

551.56%231.59M

275.72%582.22M

56.48%-51.29M

--154.96M

72.06%-117.85M

-79.56%-421.72M

Accounts payable increase (decrease)

-1,635.33%-261.76M

-138.81%-529.52M

86.57%-15.08M

58.07%-221.73M

-305.80%-112.32M

7.67%-528.85M

82.45%-27.68M

---572.8M

-158.33%-157.69M

-31.54%270.34M

prepayments (increase)decrease

132.95%64.64M

596.42%213.92M

-456.30%-196.15M

-166.76%-43.09M

135.64%55.05M

-50.45%64.55M

109.71%23.36M

--130.25M

-376.56%-240.66M

49.87%-50.5M

Cash from business operations

-85.49%23.87M

-187.93%-127.8M

-66.28%164.46M

-58.69%145.34M

37.32%487.67M

1,401.33%351.84M

469.89%355.14M

---27.04M

-124.19%-96.01M

24.10%396.89M

Other taxs

-26.61%8.95M

-78.35%-20.42M

144.54%12.19M

42.73%-11.45M

66.27%-27.38M

84.38%-19.99M

-204.06%-81.16M

---127.99M

-184.63%-26.69M

-148.84%-9.38M

Dividend received - operating

81.23%14.67M

--4.79M

--8.1M

----

Special items of business

546.79%372.95M

122.15%49.79M

-593.47%-83.47M

-161.09%-224.8M

-111.08%-12.04M

-1,342.62%-86.1M

308.43%108.63M

--6.93M

134.32%26.6M

-105.98%-77.5M

Net cash from operations

315.13%420.43M

-3.01%-93.64M

-77.41%101.28M

-136.99%-90.91M

17.16%448.26M

265.94%245.75M

498.10%382.61M

---148.1M

-131.00%-96.11M

2.86%310.01M

Cash flow from investment activities

Dividend received - investment

----

--530K

----

Loan receivable (increase) decrease

-747.70%-30M

----

87.95%-3.54M

85.76%-3.54M

-91.21%-29.38M

---24.86M

-74.59%-15.36M

----

---8.8M

----

Purchase of fixed assets

19.35%-106.54M

5.31%-51.77M

19.94%-132.11M

35.34%-54.68M

20.27%-165.01M

30.84%-84.56M

27.53%-206.96M

---122.27M

-157.16%-285.59M

-21.68%-111.05M

Purchase of intangible assets

37.89%-47.3M

35.79%-18.42M

-16.82%-76.16M

-3.46%-28.68M

-24.69%-65.2M

-68.79%-27.72M

22.19%-52.29M

---16.43M

-41.39%-67.19M

22.86%-47.53M

Sale of subsidiaries

---2.99M

----

---1.9M

----

Acquisition of subsidiaries

----

39.83%-62.95M

----

---104.62M

----

Recovery of cash from investments

88.45%1.1B

249.26%698.52M

-42.71%582.47M

-21.97%200M

5,366.54%1.02B

--256.3M

-99.22%18.6M

----

54.94%2.39B

101.24%1.54B

Cash on investment

-60.79%-1.81B

-50.77%-956.25M

-13.33%-1.13B

27.67%-634.25M

-2.26%-992.95M

-1,985.17%-876.92M

32.69%-971.02M

---42.06M

27.84%-1.44B

-29.10%-2B

Other items in the investment business

----

50.81%-19.93M

----

51.58%-40.51M

----

-367.53%-83.67M

62.70%-77.74M

---17.9M

-208,329.00%-208.43M

-100.74%-100K

Net cash from investment operations

-9.90%-898.59M

38.01%-347.86M

-140.21%-817.61M

33.31%-561.14M

73.95%-340.37M

-323.60%-841.44M

-447.68%-1.31B

---198.64M

160.97%375.82M

45.62%-616.37M

Net cash before financing

33.25%-478.15M

32.29%-441.5M

-763.99%-716.33M

-9.46%-652.05M

111.67%107.88M

-71.80%-595.69M

-430.36%-924.06M

---346.74M

191.30%279.71M

63.18%-306.35M

Cash flow from financing activities

New borrowing

13.77%2.24B

24.51%1.24B

8.19%1.97B

18.69%999.31M

-1.24%1.82B

-33.84%841.97M

236.11%1.84B

--1.27B

133.00%548.46M

-74.32%235.39M

Refund

-21.25%-2.26B

-14.09%-1.09B

-8.34%-1.86B

-29.63%-952.21M

-25.09%-1.72B

-44.13%-734.57M

---1.38B

---509.65M

----

33.19%-663.88M

Issuing shares

----

--3.13B

Issuance of bonds

----

-100.04%-742K

Dividends paid - financing

-1,954.44%-22.19M

----

3.57%-1.08M

----

---1.12M

---120K

----

Absorb investment income

----

-92.87%195K

----

--2.74M

----

Issuance expenses and redemption of securities expenses

89.30%-10.22M

52.76%-10.22M

---95.5M

---21.63M

----

-105.95%-2.21B

---2.17B

-3,283.53%-1.07B

---31.67M

Other items of the financing business

-94.01%-55.46M

44.31%-19.69M

73.85%-28.59M

-126.08%-35.36M

-223.37%-109.3M

-117.68%-15.64M

-93.04%88.6M

--88.5M

295,927.67%1.27B

-74.78%430K

Net cash from financing operations

-444.62%-107.49M

1,393.83%127.96M

-145.70%-19.74M

-110.48%-9.89M

99.51%-8.03M

107.18%94.37M

-320.07%-1.65B

---1.31B

-71.88%749.95M

50.08%2.67B

Effect of rate

-136.95%-10.38M

-146.34%-3.17M

317.85%28.08M

58.67%6.84M

-94.42%6.72M

-95.63%4.31M

297.66%120.42M

--98.67M

61.02%-60.92M

-17,638.37%-156.28M

Net Cash

20.44%-585.64M

52.63%-313.54M

-837.17%-736.07M

-32.04%-661.94M

103.88%99.85M

69.83%-501.32M

-350.03%-2.57B

---1.66B

-56.38%1.03B

149.83%2.36B

Begining period cash

-30.10%1.64B

4.75%2.35B

-52.22%2.25B

25.96%4.7B

--4.7B

144.37%3.73B

161.95%1.53B

Cash at the end

-36.25%1.05B

-21.78%1.33B

-30.10%1.64B

-2.95%1.7B

4.75%2.35B

-44.25%1.75B

-52.22%2.25B

--3.14B

25.96%4.7B

144.37%3.73B

Cash balance analysis

Currency Unit

CNY

Accounting Standards

UAS

Audit Opinions

Unqualified Opinion

Unaudited opinion

Unqualified Opinion

Auditor

KPMG

Deloitte Touche Tohmatsu会计师事务所

	(FY)Dec 31, 2025	(Q6)Jun 30, 2025	(FY)Dec 31, 2024	(Q6)Jun 30, 2024	(FY)Dec 31, 2023	(Q6)Jun 30, 2023	(FY)Dec 31, 2022	(Q6)Jun 30, 2022	(FY)Dec 31, 2021	(FY)Dec 31, 2020
Cash flow from operating activities
Earning before tax	-44.22%-199.58M	-6.23%-92.72M	37.88%-138.38M	4.29%-87.28M	63.50%-222.78M	53.69%-91.19M	-196.35%-610.37M	---196.94M	-148.29%-205.96M	51.31%426.53M
Profit adjustment
Interest (income) - adjustment	---3.45M	---930K	----	----	----	----	----	----	----	----
Investment loss (gain)	-147.25%-11.65M	-123.80%-2.71M	494.34%24.66M	74.01%-1.21M	-130.42%-6.25M	-43.00%-4.66M	722.82%20.55M	---3.26M	39.67%-3.3M	-14.72%-5.47M
Impairment and provisions:	143.61%417M	55.58%126.4M	-17.65%171.17M	24.05%81.25M	12.58%207.87M	-15.49%65.49M	-7.16%184.65M	--77.5M	63.05%198.88M	29.45%121.98M
-Impairmen of inventory (reversal)	-15.83%126.89M	-17.18%67.68M	-1.41%150.75M	69.04%81.73M	-5.38%152.9M	-35.36%48.35M	80.52%161.6M	--74.79M	-17.47%89.52M	42.40%108.46M
-Impairment of goodwill	165.29%18.4M	----	-80.31%6.93M	----	167.67%35.21M	----	--13.16M	----	----	----
-Other impairments and provisions	1,914.47%271.71M	12,333.13%58.72M	-31.71%13.49M	-102.80%-480K	99.62%19.75M	533.90%17.15M	-90.95%9.89M	--2.71M	709.22%109.37M	-25.16%13.52M
Revaluation surplus:	116.08%1.9M	181.99%9.14M	51.71%-11.84M	54.51%-11.15M	-106.55%-24.52M	---24.52M	--374.25M	----	----	----
-Derivative financial instruments fair value (increase)	----	----	----	----	----	---24.52M	----	----	----	----
-Other fair value changes	116.08%1.9M	181.99%9.14M	51.71%-11.84M	---11.15M	-106.55%-24.52M	----	--374.25M	----	----	----
Asset sale loss (gain):	-58.16%11.94M	-51.81%4.83M	285.24%28.55M	280.01%10.02M	-91.88%7.41M	299.39%2.64M	1,018.25%91.29M	--660K	48.03%8.16M	58.07%5.52M
-Loss (gain) from sale of subsidiary company	----	----	----	----	----	----	--90.07M	----	----	----
-Loss (gain) on sale of property, machinery and equipment	-58.16%11.94M	-51.81%4.83M	285.24%28.55M	280.01%10.02M	502.93%7.41M	299.39%2.64M	-85.22%1.23M	--660K	50.75%8.31M	58.07%5.52M
-Loss (gain) from selling other assets	----	----	----	----	----	----	----	----	---150K	----
Depreciation and amortization:	-9.44%221.74M	-10.46%113.63M	-2.69%244.85M	0.36%126.9M	28.03%251.63M	29.56%126.44M	-5.02%196.54M	--97.59M	36.39%206.94M	26.34%151.72M
-Depreciation	-9.44%221.74M	-10.46%113.63M	-2.69%244.85M	0.36%126.9M	28.03%251.63M	29.56%126.44M	-5.02%196.54M	--97.59M	36.39%206.94M	26.34%151.72M
Exchange Loss (gain)	-63.60%3.72M	-172.75%-7.71M	19.73%10.21M	32.61%10.6M	960.95%8.53M	648.31%7.99M	105.74%804K	--1.07M	-557.26%-14.02M	-71.43%3.07M
Special items	-47.81%15.93M	-94.12%3.85M	-75.63%30.52M	21.28%65.42M	-31.94%125.26M	-70.81%53.94M	-49.79%184.05M	--184.8M	175.36%366.52M	77.57%133.11M
Operating profit before the change of operating capital	27.19%457.55M	-20.96%153.77M	3.63%359.74M	42.89%194.54M	-21.42%347.15M	-15.66%136.14M	-20.72%441.77M	--161.42M	-33.38%557.23M	44.06%836.45M
Change of operating capital
Inventory (increase) decrease	141.04%91.3M	156.17%93.8M	-558.12%-222.5M	-270.78%-166.99M	-8.97%-33.81M	-1.36%97.78M	77.36%-31.03M	--99.13M	42.34%-137.04M	25.74%-237.68M
Accounts receivable (increase)decrease	-237.50%-327.86M	-115.62%-59.77M	2.96%238.45M	-34.28%382.61M	551.56%231.59M	275.72%582.22M	56.48%-51.29M	--154.96M	72.06%-117.85M	-79.56%-421.72M
Accounts payable increase (decrease)	-1,635.33%-261.76M	-138.81%-529.52M	86.57%-15.08M	58.07%-221.73M	-305.80%-112.32M	7.67%-528.85M	82.45%-27.68M	---572.8M	-158.33%-157.69M	-31.54%270.34M
prepayments (increase)decrease	132.95%64.64M	596.42%213.92M	-456.30%-196.15M	-166.76%-43.09M	135.64%55.05M	-50.45%64.55M	109.71%23.36M	--130.25M	-376.56%-240.66M	49.87%-50.5M
Cash from business operations	-85.49%23.87M	-187.93%-127.8M	-66.28%164.46M	-58.69%145.34M	37.32%487.67M	1,401.33%351.84M	469.89%355.14M	---27.04M	-124.19%-96.01M	24.10%396.89M
Other taxs	-26.61%8.95M	-78.35%-20.42M	144.54%12.19M	42.73%-11.45M	66.27%-27.38M	84.38%-19.99M	-204.06%-81.16M	---127.99M	-184.63%-26.69M	-148.84%-9.38M
Dividend received - operating	81.23%14.67M	--4.79M	--8.1M	----	----	----	----	----	----	----
Special items of business	546.79%372.95M	122.15%49.79M	-593.47%-83.47M	-161.09%-224.8M	-111.08%-12.04M	-1,342.62%-86.1M	308.43%108.63M	--6.93M	134.32%26.6M	-105.98%-77.5M
Net cash from operations	315.13%420.43M	-3.01%-93.64M	-77.41%101.28M	-136.99%-90.91M	17.16%448.26M	265.94%245.75M	498.10%382.61M	---148.1M	-131.00%-96.11M	2.86%310.01M
Cash flow from investment activities
Dividend received - investment	----	----	----	--530K	----	----	----	----	----	----
Loan receivable (increase) decrease	-747.70%-30M	----	87.95%-3.54M	85.76%-3.54M	-91.21%-29.38M	---24.86M	-74.59%-15.36M	----	---8.8M	----
Purchase of fixed assets	19.35%-106.54M	5.31%-51.77M	19.94%-132.11M	35.34%-54.68M	20.27%-165.01M	30.84%-84.56M	27.53%-206.96M	---122.27M	-157.16%-285.59M	-21.68%-111.05M
Purchase of intangible assets	37.89%-47.3M	35.79%-18.42M	-16.82%-76.16M	-3.46%-28.68M	-24.69%-65.2M	-68.79%-27.72M	22.19%-52.29M	---16.43M	-41.39%-67.19M	22.86%-47.53M
Sale of subsidiaries	---2.99M	----	----	----	----	----	---1.9M	----	----	----
Acquisition of subsidiaries	----	----	39.83%-62.95M	----	---104.62M	----	----	----	----	----
Recovery of cash from investments	88.45%1.1B	249.26%698.52M	-42.71%582.47M	-21.97%200M	5,366.54%1.02B	--256.3M	-99.22%18.6M	----	54.94%2.39B	101.24%1.54B
Cash on investment	-60.79%-1.81B	-50.77%-956.25M	-13.33%-1.13B	27.67%-634.25M	-2.26%-992.95M	-1,985.17%-876.92M	32.69%-971.02M	---42.06M	27.84%-1.44B	-29.10%-2B
Other items in the investment business	----	50.81%-19.93M	----	51.58%-40.51M	----	-367.53%-83.67M	62.70%-77.74M	---17.9M	-208,329.00%-208.43M	-100.74%-100K
Net cash from investment operations	-9.90%-898.59M	38.01%-347.86M	-140.21%-817.61M	33.31%-561.14M	73.95%-340.37M	-323.60%-841.44M	-447.68%-1.31B	---198.64M	160.97%375.82M	45.62%-616.37M
Net cash before financing	33.25%-478.15M	32.29%-441.5M	-763.99%-716.33M	-9.46%-652.05M	111.67%107.88M	-71.80%-595.69M	-430.36%-924.06M	---346.74M	191.30%279.71M	63.18%-306.35M
Cash flow from financing activities
New borrowing	13.77%2.24B	24.51%1.24B	8.19%1.97B	18.69%999.31M	-1.24%1.82B	-33.84%841.97M	236.11%1.84B	--1.27B	133.00%548.46M	-74.32%235.39M
Refund	-21.25%-2.26B	-14.09%-1.09B	-8.34%-1.86B	-29.63%-952.21M	-25.09%-1.72B	-44.13%-734.57M	---1.38B	---509.65M	----	33.19%-663.88M
Issuing shares	----	----	----	----	----	----	----	----	----	--3.13B
Issuance of bonds	----	----	----	----	----	----	----	----	----	-100.04%-742K
Dividends paid - financing	-1,954.44%-22.19M	----	3.57%-1.08M	----	---1.12M	---120K	----	----	----	----
Absorb investment income	----	----	-92.87%195K	----	--2.74M	--2.74M	----	----	----	----
Issuance expenses and redemption of securities expenses	89.30%-10.22M	52.76%-10.22M	---95.5M	---21.63M	----	----	-105.95%-2.21B	---2.17B	-3,283.53%-1.07B	---31.67M
Other items of the financing business	-94.01%-55.46M	44.31%-19.69M	73.85%-28.59M	-126.08%-35.36M	-223.37%-109.3M	-117.68%-15.64M	-93.04%88.6M	--88.5M	295,927.67%1.27B	-74.78%430K
Net cash from financing operations	-444.62%-107.49M	1,393.83%127.96M	-145.70%-19.74M	-110.48%-9.89M	99.51%-8.03M	107.18%94.37M	-320.07%-1.65B	---1.31B	-71.88%749.95M	50.08%2.67B
Effect of rate	-136.95%-10.38M	-146.34%-3.17M	317.85%28.08M	58.67%6.84M	-94.42%6.72M	-95.63%4.31M	297.66%120.42M	--98.67M	61.02%-60.92M	-17,638.37%-156.28M
Net Cash	20.44%-585.64M	52.63%-313.54M	-837.17%-736.07M	-32.04%-661.94M	103.88%99.85M	69.83%-501.32M	-350.03%-2.57B	---1.66B	-56.38%1.03B	149.83%2.36B
Begining period cash	-30.10%1.64B	-30.10%1.64B	4.75%2.35B	4.75%2.35B	-52.22%2.25B	-52.22%2.25B	25.96%4.7B	--4.7B	144.37%3.73B	161.95%1.53B
Cash at the end	-36.25%1.05B	-21.78%1.33B	-30.10%1.64B	-2.95%1.7B	4.75%2.35B	-44.25%1.75B	-52.22%2.25B	--3.14B	25.96%4.7B	144.37%3.73B
Cash balance analysis
Currency Unit	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY
Accounting Standards	UAS	UAS	UAS	UAS	UAS	UAS	UAS	UAS	UAS	UAS
Audit Opinions	Unqualified Opinion	--	Unaudited opinion	--	Unaudited opinion	--	Unaudited opinion	--	Unqualified Opinion	Unqualified Opinion
Auditor	KPMG	--	KPMG	--	Deloitte Touche Tohmatsu会计师事务所	--	Deloitte Touche Tohmatsu会计师事务所	--	Deloitte Touche Tohmatsu会计师事务所	Deloitte Touche Tohmatsu会计师事务所

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

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