Boqii Holding Ltd - BQ STOCK NEWS

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.

On July 26, 2021, Boqii Holding Limited (NYSE: BQ) announced the resignation of Jackie Chen from his role as Senior Vice President and Director due to personal reasons. Chen has been with the company since 2012, contributing significantly to global supply chain management. Following his departure, Yingzhi Tang, the Co-CEO and CFO, will take over his responsibilities. The board expressed gratitude for Chen's contributions, noting his vital role in Boqii's growth from a startup to a publicly traded company.

Boqii Holding Limited (NYSE: BQ) announced the filing of its annual report on Form 20-F for the fiscal year ended March 31, 2021, with the SEC on July 22, 2021. The report includes audited consolidated financial statements and is accessible via the company's investor relations website and the SEC's website. Shareholders can request a hard copy of the report free of charge. Boqii is a leading pet-focused platform in China, offering a wide range of pet products through its online sales platforms and providing an interactive community for pet lovers.

Boqii Holding Limited (NYSE: BQ) reported its financial results for Q4 and FY 2021, revealing strong revenue growth despite net losses. Q4 revenues increased by 47.1% to RMB230.4 million (US$35.2 million), while FY 2021 revenues rose by 31.3% to RMB1,011.0 million (US$154.3 million). Active buyers grew by 35.2% in Q4 and 17.4% for the full year, reaching 1.3 million and 3.8 million, respectively. However, net losses expanded, with RMB41.5 million (US$6.3 million) in Q4 and RMB193.2 million (US$29.5 million) for FY 2021, compared to previous losses.

Boqii Holding Limited (NYSE: BQ) will disclose its unaudited financial results for the quarter and fiscal year ending March 31, 2021, on May 26, 2021, before U.S. market opens. An earnings conference call is scheduled for 8:00 AM ET on the same day. Investors can access a replay of the call until June 2, 2021. Boqii is a premier pet-focused platform in China, offering a wide range of pet products through its online sales platforms and a community for pet lovers.

Boqii Holding Limited (NYSE: BQ), a leading pet-focused platform in China, announced the grand opening of its first offline store on May 1, 2021, at Jing'an IMIX Park, Shanghai. This venture aims to enhance customer experience by providing a comprehensive, one-stop service for pets and pet parents. The offline store complements Boqii's extensive online offerings, which include high-quality pet products from global and local brands, along with their private labels, Yoken and Mocare. This expansion is expected to strengthen Boqii's position in the growing pet market in China.

Boqii Holding Limited (NYSE: BQ), China's leading pet-focused platform, announced a strategic partnership with Kuaishou Technology on April 28, 2021. This alliance aims to leverage both companies' resources to create more engaging pet content and support pet influencers. By utilizing Kuaishou's substantial user base and data analytics, Boqii seeks to enhance its ecosystem that caters to pet needs, including purchasing and care. The collaboration is expected to drive traffic growth, improve user engagement, and raise awareness of pet care in China.

Boqii Holding Limited (NYSE: BQ), China’s largest pet-focused platform, will participate in two upcoming investor conferences. The Morgan Stanley Virtual China Summit is scheduled for May 26-28, 2021, and the J.P. Morgan Global China Summit 2021 will take place from June 1-7, 2021. Both events will feature management available for virtual one-on-one meetings. Boqii's extensive online offerings include high-quality products and a community-focused platform, enhancing the pet shopping experience in China.

Boqii Holding Limited (NYSE: BQ) reported its Q3 fiscal 2021 financial results, showing total revenues of RMB312.9 million (US$48.0 million), a 23.2% increase year-over-year. Despite the revenue growth, the net loss widened to RMB81.9 million (US$12.6 million) from RMB56.4 million in Q3 2020. Adjusted net loss improved by 49.8% to RMB30.5 million (US$4.7 million). Gross profit rose 19.0% to RMB56.1 million, but operating expenses surged by 67.3%. EBITDA loss also increased to RMB79.2 million (US$12.1 million). Boqii's cash reserves improved to RMB475.4 million (US$72.9 million).