<div id="readability-page-1">Brand manager and e-commerce services provider Baozun Inc. (BZUN.US; 9991.HK) announced on Wednesday that its revenue rose 15.3% year-on-year to 2.38 billion yuan ($350 million) in the first quarter, as its net loss narrowed to 7.5 million yuan from 63.08 million yuan a year earlier. On a non-GAAP basis, the company posted a first-quarter net profit of 1.4 million yuan, reversing a 57.17 million yuan loss a year ago. The company’s operating profit for the quarter came in at 250,000 yuan, compared with an operating loss of 84 million yuan a year earlier. Its non-GAAP operating profit was 8.11 million yuan, reversing a loss of 66.91 million yuan in the prior-year period. The company said its revenue growth was mainly driven by its core e-commerce and brand management businesses. E-commerce revenue increased 10.4% year-on-year, driven by continued growth in product sales and service fee-based models. Revenue from its brand management business jumped 38.8% to 538 million yuan, mainly driven by sales growth for its GAP brand stores in China, which totaled 176 at the end of March. The company’s stock opened higher on Thursday in Hong Kong, closing at HK$6.74 by the midday break, up 0.15%. By Lee Shih Ta To subscribe to Bamboo Works weekly free newsletter, click here</div>

寶尊電商-W

寶尊電商

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寶尊公司;週三宣佈，第一季度收入同比增長 15.3%，達到 23.8 億元人民幣（3.5 億美元），淨虧損縮窄至 750 萬元人民幣，去年同期為 6308 萬元人民幣。非 GAAP 基礎上，公司第一季度淨利潤為 140 萬元人民幣，扭轉了 5700 萬元的虧損。季度經營利潤為 25 萬元人民幣，而去年同期為 8400 萬元的經營虧損。非 GAAP 經營利潤為 811 萬元人民幣，扭轉了去年同期的 6691 萬元虧損。

BRIEF: Baozun loss narrows as Gap China growth lifts revenue