BZUN vs YJ
Baozun Inc. and Yunji Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | BZUN | YJ |
|---|---|---|
| Revenue | CNY 9.9B | CNY 317.0M |
| Net income | CNY -242.1M | CNY -133.3M |
| Gross margin | 74.1% | 44.4% |
| Net margin | −2.0% | −42.0% |
| Return on equity | −6.4% | −13.2% |
| Diluted EPS | −CNY 1.40 | −CNY 0.07 |
| Dividend / share | · | · |
| Payout ratio | −9.2% | · |
| Free cash flow | CNY 313.9M | CNY -126.6M |
| Equity | CNY 3.6B | CNY 935.2M |
| Net debt / equity | 0.08× | −0.07× |
| Current ratio | 1.87× | 1.41× |
| Revenue CAGR 5y | 2.4% | −43.5% |
| Profit CAGR 5y | · | · |
BZUN bills 31.4× the revenue of YJ, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | BZUN | YJ |
|---|---|---|
| FY2025 | CNY 9.9B | CNY 317.0M |
| FY2024 | CNY 9.4B | CNY 417.7M |
| FY2023 | CNY 8.8B | CNY 640.2M |
| FY2022 | CNY 8.4B | CNY 1.2B |
| FY2021 | CNY 9.4B | CNY 2.2B |
| FY2020 | CNY 8.9B | CNY 5.5B |
| FY2019 | CNY 7.3B | CNY 11.7B |
| FY2018 | CNY 5.4B | CNY 13.0B |
| FY2017 | CNY 4.1B | CNY 6.4B |
Bottom line
| Fiscal year | BZUN | YJ |
|---|---|---|
| FY2025 | CNY -242.1M | CNY -133.3M |
| FY2024 | CNY -185.2M | CNY -123.1M |
| FY2023 | CNY -278.4M | CNY -165.1M |
| FY2022 | CNY -653.3M | CNY -138.2M |
| FY2021 | CNY -219.8M | CNY -165.1M |
| FY2020 | CNY 426.0M | CNY -146.3M |
| FY2019 | CNY 281.9M | CNY -125.8M |
| FY2018 | CNY 269.8M | CNY -59.7M |
| FY2017 | CNY 209.1M | CNY -105.7M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 9,628,467,000 | BZUN |
| FY2024 | +CNY 9,004,578,000 | BZUN |
| FY2023 | +CNY 8,171,804,000 | BZUN |
| FY2022 | +CNY 7,246,517,000 | BZUN |
| FY2021 | +CNY 7,240,895,000 | BZUN |
| FY2020 | +CNY 3,321,306,000 | BZUN |
| FY2019 | −CNY 4,393,832,000 | YJ |
| FY2018 | −CNY 7,622,188,000 | YJ |
| FY2017 | −CNY 2,295,263,000 | YJ |
The higher-revenue side has changed between BZUN and YJ over this period. The gap has widened since the earliest year compared.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +40.0 pp | BZUN |
| FY2024 | +28.0 pp | BZUN |
| FY2023 | +23.3 pp | BZUN |
| FY2022 | +4.7 pp | BZUN |
| FY2021 | −8.3 pp | YJ |
| FY2020 | +7.6 pp | BZUN |
| FY2019 | +4.9 pp | BZUN |
| FY2018 | +5.4 pp | BZUN |
| FY2017 | +6.7 pp | BZUN |
The higher net margin has changed hands between BZUN and YJ over this period.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
YJ's net margin has been more volatile than BZUN's over the 9 comparable fiscal years — 15.5 percentage points of standard deviation against 4.2.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BZUN and YJ over these 9 fiscal years — BZUN led in 8 and YJ in 1.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BZUN's return on equity has been more volatile than YJ's over the 6 comparable fiscal years — 7.2 percentage points of standard deviation against 1.3.
6 of 6 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BZUN and YJ over these 6 fiscal years — BZUN led in 5 and YJ in 1.
6 of 6 comparable fiscal years — a year missing data on either side is not counted.