Baozun Inc. (BZUN), a Chinese e-commerce solutions provider, on Wednesday reported a wider net loss for the fourth quarter, amidst a loss in the disposal of subsidiaries and investment in equity investee and fair value loss on derivative liabilities. In addition, the company has recorded a decline in revenue. <\/p>\n
For the three-month period, the firm posted a net loss of RMB284.269 million or RMB 1.61 per share, compared with RMB8.345 million or RMB 0.04 loss per share in the fourth quarter of 2021.<\/p>\n
Loss per ADS stood at RMB 4.84, compared with RMB0.12 loss per ADS in the same previous year period.<\/p>\n
Adjusted income was at RMB138.282 million, higher than last year’s RMB75.681 million. Excluding items, income per ADS moved up to RMB 2.32 from RMB 1.11 per ADS of the previous year period. <\/p>\n
Income from operations moved up to RMB 124.068 million from the previous year’s RMB 4.001 million. <\/p>\n
Adjusted profit from operations was RMB182.6 million, compared with RMB71 million in the same quarter of last year. <\/p>\n
Pre-tax loss was at RMB 234.278 million, compared with a profit of RMB 2.825 million in 2021.<\/p>\n
Impairment of goodwill was recorded at RMB 13.155 million, compared with a zero impairment of goodwill a year ago. <\/p>\n
Loss on disposal of subsidiaries and investment in equity investee registered at RMB 7.511 million, versus a gain of RMB 150, 000, posted a year ago. <\/p>\n
Fair value loss on derivative liabilities stood at RMB 364.758 million, compared with zero fair value loss on derivative liabilities in 2021. <\/p>\n
Revenue was at RMB 2.553 billion, down from RMB 3.172 billion in 2021. The decrease was mainly due to a 37.2 percent fall in produce sales, soft consumption demand during the fourth quarter, and a surge in COVID-19 cases in China that resulted in supply chain and logistics disruptions. <\/p>\n