宝尊电商-W2025中期报告

( 於開曼群島註冊成立以不同投票權控制的有限責任公司 ) 股份代號 :9991 2025中 期 報 告 2 5792538394244454649 7.16361.00202412317.29931.0020246 307.26721.00H.1020256 30202412 3120246 28 Vistra (Cayman) LimitedP.O. Box 31119 Grand Pavilion, Hibiscus Way802 West Bay RoadGrand Cayman, KY1-1205Cayman Islands 5101-9200436 Yiu Pong ChanSteve Hsien-Chieng Hsia 33191928 Yiu Pong ChanSteve Hsien-Chieng Hsia Vistra (Cayman) Limited Yiu Pong ChanSteve Hsien-Chieng Hsia P.O. Box 31119 Grand Pavilion, Hibiscus Way802 West Bay RoadGrand Cayman, KY1-1205Cayman Islands Steve Hsien-Chieng HsiaYiu Pong Chan2025521 183171712-1716 2025320Arthur Yu2025320 108 A 504714 9991BZUN www.baozun.com ABABABZUNBABA13,300,738A2025630A8.31%7.67%201420152022 2025630 Jesvinco Holdings Limited10A9,410,369B4,429,366A2022810,000A202563033.35% Casvendino Holdings Limited2,764,707A2015130,500A3,890,369B46,752A202563014.19% BBBA C8A.46AA 2023(BEC)(BBM)(BZI)2023BECBZIBBM IT BECBBMBZI18 20246304,370.85.6%20254,617.020246307.5202560.853.3 (BEC) IT • •ITROSSAICRMOMSWMS • IT BEC20256 30 20256301.8% 202563048.5%45.8% (BBM) BBM Gap2022118The Gap, Inc.Gap (UK Holdings)Ltd.GapThe Gap, Inc.The Gap, Inc.Gap2022118 2023131202321The Gap,Inc.202321TheGap, Inc.Gap (UK Holdings) Ltd.2025827The Gap, Inc.Gap (UK Holdings) Ltd. 2023Authentic Brands GroupABG Hunter LLCABG Hunter LLC51%HunterHunterABG Hunter LLCABG Hunter LLCHunter GAP GAP1969GAP GAPBBM 2025Gap2025630GAP156202540 GAP2025Melting SadnessIPGAP (BZI) (BZI) 202563010 2025 BEC2025BEC 2025BECBEC BEC BBMGAPGAP Hunter20255Hunter 4,617.0644.520246304,370.820245.6% Gap20256301,021.8782.72024630973.8605.2 20.7IT32.9IT0.7% 1,258.7175.720246301,136.8BECBBM (i)(ii)(iii)(iv)20246301,173.3161.53.7%1,130.5157.8Gap 20246301,538.7211.713.0%1,738.2242.6BECBBM 2024630263.036.212.1%231.132.3 2024630350.748.312.6%394.955.153.3202420-F202420219Baozun Hong Kong Holding Limited93.313.1 202463018.32.5135.0%43.06.033.1 4.90.720246304.10.6 6.91.0202463010.91.5 92.712.9202463087.312.0 20256306,625.3924.9202412317,214.2988.38.2%20256302.0202412311.9 202412312,033.8278.60.5%20256302,043.4285.2 2025630556.477.7202412311,081.9148.248.6% 20256301,151.3160.7202412311,169.5160.21.6% A 0%4.48%20256301,189.4166.0138.219.31,374.2191.8202412311,289.3176.6355.048.61,271.6174.2 20256301,385.3193.4202412311,221.0167.3 2.0%3.0%202412312.6%3.0% 2025630213.9185.0 100.0%2024123120256301.080.99 2025630 2025630202412312,043.4285.22,033.8278.62.60.47.01.0 202563020256305% 20256306,887202412317,650 IT20256301,325 2025630 C.2.1 1.2014 201453020142022111 2014202211120142022111 2014106,8000.06% 20256302014 (1)2014202511(2)2014(3)2023511202352024614 201420142015 2.2015 20155520152022111 2015202211120152022111 201528,8000.02% 20256302015 (1)(2)2025630203,322(i)150,6722025820(ii) 23,8502025915(iii) 3,6002025111(iv) 25,200202641A(3)2015(4)(5)Casvendino Holdings Limited(6)2023511202352024614 201520142015 3.2022 20222022111 20251120225,241,446A524,652A202563020226,392,126A524,652A 20228,124,3264.68% 20256302022 (1)20221223,966,300(i)3,531,30015%25%30%30%2023202420252026122(ii)186,000202321(iii)150,00015%25%30%30%202320242025202661(iv)45,00015%25%30%30%202320242025202681(v)54,00015%25%30%30%202320242025202691 (2)2023415,330,463(i)1,350,00015%25%30%30%2023202420252026121(ii)402,98450%2023101202441(iii)114,00015%25%30%30%202420252026202741(iv)2,618,48750%2023101202441(v)135,00050%2023121202441(vi)709,99220237 1 (3)2023112477,019(i)54,00015%25%30%30%20242025202620271010(ii)23,01920241010 (4)2024423,472,806(i)187,20015%25%30%30%202520262027202842(ii)3,285,6062024102 (5)15%25%30%30%20241125108,00020252026202720281125 (6)2022 (7)2022A (8) 202222220222022105 17.07(3) 2025630XV(a)XV78(b)352(c) (1)L(2)2025630A175,846,48613,268,6252,533,803(3)2025630B13,300,738(4)Champion Kerry Inc.26,469,422AChampion Kerry Inc.ACCF Capital Management PTE. LTD1%ACCF Capital Management PTE. LTDJW Flashing Brilliant Limited(5)2022(6)2015(7)201435,000A20155,043 (1)2025630(2) 2025630XVXV78352 2025630336 (1)2025630A175,846,48613,268,6252,533,803(2)2025630B13,300,738(3)2015130,500(4)Champion Kerry Inc.E&A Canaiolo Investments Limited99%ACCF CapitalManagement PTE.LTD1%E&A Canaiolo Investments LimitedVipshop Holdings LimitedVipshopHoldings LimitedElegant Motion Holdings Limited62.8%Elegant Motion Holdings LimitedUBS TC (Jersey)Ltd.UBS TC (Jersey) Ltd.SYZXC Trust Shen YaAFFC Capital Management PTD.LTDJW Flashing Brilliant LimitedJW Flashing Brilliant Limited(5)Zhang XiaochunShen Ya(6)Zhao Qian 2025630336 490,476 2025630(i)844,6012,533,803A(ii)4,422,87513,268,625193410b5-110b-18 2025820844,6012,533,803A 2024 2025521 202413.51B(1) 202563013.2013.2113.22 40,000,000A202010233,833,700A3,511.4 2025630 Yiu PongChanSteve Hsien-Chieng Hsia 2025828 391062025630 2410 2025630 1082025828 1. 20131217VIE 2025630VIE 2. (a) 202412312025630 202412312024123120241231 (b) VIEVIE VIEVIEVIEVIE(1)VIE(2)VIEVIEVI