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 Limited (NYSE: BQ) announced the filing of its annual report on Form 20-F for the fiscal year ended March 31, 2022. This report, submitted to the SEC on July 27, 2022, contains the audited consolidated financial statements. Shareholders and ADS holders can request a hard copy of the Annual Report free of charge. Boqii is recognized as a leading pet-focused platform in China, offering a wide range of pet products and an engaging shopping experience via its online sales platforms.
Boqii Holding Limited (NYSE: BQ) reported its fiscal Q4 2022 revenue of RMB249.9 million, an 8.4% increase YoY. For the full year, revenues reached RMB1,186.4 million, up 17.4%. The company improved its net loss to RMB22.2 million in Q4, a 46.7% reduction from last year, and for the year, net losses declined to RMB132.8 million, 31.3% less than FY2021. Active buyers rose 14.8% YoY to 1.5 million in Q4, while full-year totals hit 5.0 million, a 30.4% increase. EBITDA losses narrowed in both periods, demonstrating operational efficiencies despite challenges from Covid-19.
On May 31, 2022, Boqii Holding Limited (NYSE: BQ), a leading pet-focused platform in China, announced an increase of 4,000,000 Class A ordinary shares reserved for its 2018 Global Share Plan. This adjustment raises the total available shares for issuance under the plan to 12,987,836, aimed at retaining and attracting talent. The company assures that this increase will not lead to immediate shareholder dilution until the additional shares are issued. Boqii continues to enhance its position in the growing pet products market, offering a wide range of quality items online.
Boqii Holding Limited (NYSE: BQ) has revised its American Depositary Shares (ADS) to Class A ordinary shares ratio. Initially announced on May 20, 2022, the new ratio will now be one ADS for 4.5 Class A shares instead of the earlier proposed 0.75 Class A shares. This change will take effect on or about June 3, 2022, and is equivalent to a one-for-six reverse split of existing ADSs. The company indicates that this adjustment may lead to a proportional increase in ADS price, though it cautions that the price may not reach six times the previous level.
Boqii Holding Limited (NYSE: BQ), a prominent pet-focused platform in China, will release its unaudited financial results for the quarter ending March 31, 2022, on June 6, 2022. The management will conduct an earnings conference call at 8:00 AM U.S. Eastern Time. Investors can access the call via phone or an archived webcast on the company's investor relations website. Boqii offers a wide range of pet products through its platforms, enhancing customer experience and engagement.
Boqii Holding Limited (NYSE: BQ) plans to change the ratio of its American depositary shares (ADSs) from 1 ADS representing 0.75 Class A ordinary shares to 1 ADS representing 6 Class A ordinary shares, effective around May 31, 2022. This change equates to a one-for-eight reverse split of existing ADSs. No fractional new ADSs will be issued; instead, fractional entitlements will be sold and proceeds distributed to ADS holders. The underlying Class A shares remain unaffected, and share trading will continue under the ticker symbol 'BQ.' The company expects the ADS price to increase proportionally but offers no assurance of that outcome.
Boqii Holding Limited (NYSE: BQ), a top pet-focused platform in China, received a non-compliance letter from the NYSE due to its market capitalization and stockholders' equity falling below $50 million. As of April 4, 2022, its average market capitalization was approximately $48 million, and stockholders' equity was about $32.2 million. Boqii must submit a business plan within 90 days to demonstrate compliance within 18 months, or it may face suspension and delisting. The letter does not immediately affect the trading of its ADSs, which will continue on the NYSE.
On March 14, 2022, Boqii Holding Limited (NYSE: BQ) announced the resignation of Mr. Lijun Zhou as Vice President due to personal reasons. Mr. Zhou, who has been with the company since 2017, was instrumental in managing private labels and supply chains. The board expressed gratitude for his contributions to Boqii's growth. Boqii is recognized as a leading pet-focused platform in China, offering a wide range of pet products through online platforms and fostering community engagement among pet owners.
Boqii Holding Limited (NYSE: BQ) reported fiscal Q3 2022 revenues of RMB 332.6 million (US$52.2 million), a 6.3% increase year-over-year. Gross merchandise volume (GMV) rose to RMB 816.5 million (US$128.1 million), up 6.9% from the previous year. Despite a net loss of RMB 28.8 million (US$4.5 million), this was an improvement over last year's loss of RMB 81.9 million. The company also achieved a gross margin of 23.1%, up from 17.9% in the same quarter last year, reflecting enhanced profitability efforts.
Boqii Holding Limited (NYSE: BQ), a key player in China's pet product sector, is set to release its unaudited financial results for the quarter ending December 31, 2021, on March 3, 2022, before U.S. markets open. An earnings conference call will follow at 8:00 AM ET on the same day, providing insights into the company's performance. Boqii is recognized as a leading online destination for pet supplies, offering a vast selection of products and an engaging shopping experience through its various platforms.
