Boqii Holding Ltd Stock Price, News & Analysis

Boqii Holding Limited (NYSE: BQ) has announced its annual general meeting (AGM) scheduled for February 28, 2022, at its Shanghai office. The AGM will not present any proposals for shareholder approval but will serve as a forum for discussion between shareholders and management. The record date for entitlement is January 23, 2022. Shareholders and holders of American Depositary Shares (ADSs) are welcome to attend. Interested parties can access the company's annual report via its investor relations website.

Boqii Holding Limited (NYSE: BQ) announced its Q2 FY2022 financial results, reporting revenues of RMB282.1 million (US$43.8 million), a 23.1% increase from Q2 FY2021. The net loss widened to RMB44.5 million (US$6.9 million), compared to a loss of RMB27.5 million in the prior year. Adjusted net loss was RMB40.9 million (US$6.3 million). EBITDA also decreased to a loss of RMB41.5 million. Active buyers grew by 23.5%, reaching 1.6 million. Despite revenue growth, increased operating expenses raised concerns among investors.

Boqii Holding Limited (NYSE: BQ) has announced a strategic partnership with Evetsoft Pet Hospital Management Software to create an online procurement platform for pet hospitals in China. This initiative aims to streamline supply chains, benefiting independent pet hospitals and small chains by providing stable supplies at competitive prices. The partnership aligns with the growing demand for better pet medical care in China, where the domestic pet medical market is expected to expand significantly.

Boqii Holding Limited (NYSE: BQ) announced a change in its earnings announcement schedule for Q2 fiscal 2022, previously set for November 23, 2021. The new date is November 30, 2021, before U.S. market opens. A conference call will be held at 8:00 AM ET on the same day to discuss financial results. Boqii is a prominent pet-focused platform in China, offering a variety of pet products through its online platforms, enhancing customer experience with both global and local brands.

Boqii Holding Limited (NYSE: BQ), a leading pet-focused platform in China, is set to announce its unaudited financial results for the quarter ending September 30, 2021, on November 23, 2021, before U.S. market opening. Management will host an earnings call at 8:00 AM ET that same day to discuss these results. Stakeholders can access the call through various international dial-in numbers. Boqii specializes in online sales of pet products and supplies, providing a wide selection of brands and a personalized shopping experience.

Boqii Holding Limited (NYSE: BQ), a premier pet-focused platform in China, will participate in the Morgan Stanley Twentieth Annual Asia Pacific Summit on November 18-19, 2021. At this event, the company's management will be available for meetings with institutional investors, allowing for engagement and discussions about their business. With a wide selection of pet products and a strong online presence, Boqii continues to lead in the growing pet market in China.

Boqii Holding Limited (NYSE: BQ), China's leading pet-focused platform, has formed a strategic partnership with Yongle Huazhu, a collaboration of Huazhu Group and Sunac Cultural Tourism. This initiative aims to provide pet-friendly accommodations at Blossom House hotels. The partnership addresses the rising trend of traveling with pets, enhancing Boqii's service portfolio for pet owners. Yongle Huazhu plans to operate 100 hotels in three years, integrating pet-friendly solutions into its offerings. This collaboration is set to strengthen the offline strategy of Boqii and cater to the growing demands of pet parents.

Boqii Holding Limited (NYSE: BQ) reported fiscal Q1 2022 results with total revenues of RMB321.8 million (US$49.8 million), a 35.0% increase year-over-year. Active buyers rose by 27.9% to 1.6 million, with a gross merchandise volume (GMV) increase of 42.9% to RMB792.1 million (US$122.7 million). The company narrowed its net loss to RMB37.4 million (US$5.8 million) from RMB42.3 million last year. Adjusted net loss improved to RMB31.5 million (US$4.9 million). Despite a decrease in gross margin to 17.5%, operational efficiency showed signs of improvement, with lower fulfillment expenses and a strategic focus on user growth.

Boqii Holding Limited (NYSE: BQ), a leading pet-focused platform in China, will release its unaudited financial results for the quarter ending June 30, 2021, on August 20, 2021, before U.S. market opens. An earnings conference call will follow at 8:00 AM ET to discuss the results. Boqii offers a wide selection of pet products through its online platforms, including its own private labels, Yoken and Mocare, aiming to provide a personalized shopping experience for pet owners.