Baozun Inc. balance sheet

At the end of fiscal 2025, Baozun Inc. had total assets of $1.39bn, total liabilities of $601m and shareholders' equity of $521m. It held $130m in cash against $173m of debt: net debt of $43.0m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Baozun Inc.: balance sheet, annual
Fiscal year	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	25	33	122	132	38	67	164	549	723	311	303	177	130
Receivables	—	37	56	90	167	225	259	335	355	332	308	279	311
Inventory	—	39	52	45	59	95	129	157	168	137	147	153	126
Total current assets	—	132	273	312	379	473	817	1,404	1,444	1,072	1,027	988	973
Goodwill	—	—	—	—	2	2	2	2	62	49	44	50	39
Total assets	—	141	292	341	458	584	1,019	1,605	1,933	1,468	1,475	1,398	1,386
Accounts payable	—	48	71	76	90	129	126	65	78	69	79	85	67
Deferred revenue (current)	—	0	—	—	—	—	—	—	—	18	23	24	27
Total current liabilities	—	63	101	115	177	254	334	337	750	534	529	513	521
Short-term debt	—	—	—	0	26	63	62	—	359	147	157	167	173
Long-term debt	—	—	—	—	0	10	267	270	0	—	—	—	—
Total debt	0	3	5	17	26	73	329	347	632	147	157	167	173
Total liabilities	—	63	101	115	177	265	646	664	916	645	651	606	601
Shareholders' equity	−38	−52	191	226	278	317	369	937	768	592	577	536	521
Non-controlling interests and other (assets − liabilities − equity)	—	129	—	—	—	—	—	—	249	231	247	256	264
Net debt (negative = net cash)	−25	−31	−117	−116	−11	7	164	−202	−91	−164	−146	−9	43
Shares outstanding	—	9m	—	—	—	—	—	—	—	—	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Baozun Inc.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Baozun Inc.