Welcome to our dedicated page for Boqii Holding news (Ticker: BQ), a resource for investors and traders seeking the latest updates and insights on Boqii Holding stock.
Boqii Holding Ltd (BQ) operates China's leading pet-focused e-commerce platform, combining online retail innovation with offline distribution through pet stores and hospitals. This news hub provides investors and industry observers with official updates on strategic developments, financial performance, and market initiatives shaping the pet care sector.
Access timely announcements including quarterly earnings reports, product line expansions, and supply chain partnerships. Track the company's progress in private label development (Yoken, Mocare) and community-building efforts through the Boqii platform. Our curated news collection enables efficient monitoring of operational milestones across both digital and physical retail channels.
Key updates cover new market entries, technology implementations, and industry collaborations, providing insights into BQ's positioning within China's growing pet products market. Bookmark this page for verified information on inventory management innovations, omni-channel growth strategies, and pet owner engagement metrics.
Boqii Holding (NYSE American: BQ) has announced a significant change in its American Depositary Shares (ADSs) ratio. The company will modify its ADS to Class A ordinary shares ratio from 1:15 to 1:150, effectively implementing a 1-for-10 reverse split on existing ADSs. This change is scheduled to take effect on January 21, 2025.
ADS holders will be required to exchange every 10 old ADSs for one new ADS through The Bank of New York Mellon, the depositary. For uncertificated ADS holders, no action is required as changes will be automatic. Any fractional new ADSs will be sold by the Depositary, with net proceeds distributed to affected holders. Boqii will continue trading on NYSE American under the symbol 'BQ', with ADS prices expected to increase proportionally, though this is not guaranteed.
Boqii Holding (NYSE American: BQ) reported its fiscal 2025 first half results, showing mixed performance. Total revenues decreased to RMB249.7 million (US$35.6 million) from RMB389.4 million in the prior year period. Despite lower revenue, the company improved its financial metrics with net loss decreasing by 21.6% to RMB29.6 million (US$4.2 million).
The company's private labels showed positive development with SKUs increasing from 3,088 to 3,546, and revenue share rising from 27.5% to 29.0%. Gross margin improved to 20.7%, up 70 basis points. Cost-saving initiatives resulted in reduced fulfillment expenses and improved post-fulfillment profit margin from 11.2% to 13.3%. Operating expenses decreased by 29.3% to RMB79.3 million.
Boqii (NYSE: BQ), China's leading pet-focused platform, has announced the filing of its annual report on Form 20-F for the fiscal year ended March 31, 2024. The report was filed with the SEC on October 29, 2024, and is accessible through the company's investor relations website and the SEC website. Shareholders and ADS holders can request a free hard copy of the report containing audited consolidated financial statements by contacting the company's Investor Relations Department.
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