SHANGHAI, Nov. 30, 2021 /PRNewswire/ -- Boqii Holding
Limited ("Boqii" or the "Company") (NYSE: BQ), a leading
pet-focused platform in China,
today announced its unaudited financial results for the second
quarter of fiscal year 2022 (the quarter ended September 30, 2021).
Fiscal Q2 2022 Operational and Financial Highlights
- Total revenues were RMB282.1
million (US$43.8 million),
representing an increase of 23.1% from RMB229.2 million in the same quarter of fiscal
year 2021.
- Net loss was RMB44.5million (US$6.9
million), compared to net loss of RMB27.5 million in the same quarter of fiscal
year 2021.
- Adjusted net loss was RMB40.9 million (US$6.3
million), compared to adjusted net loss of RMB35.8 million in the same quarter of fiscal
year 2021.
- EBITDA[1] was a loss of RMB41.5 million (US$6.4
million), compared to a loss of RMB23.4 million in the same quarter of fiscal
year 2021.
- Total GMV[2] was RMB692.6 million (US$107.5
million), representing an increase of 23.0% from
RMB563.3 million in the same quarter
of fiscal year 2021.
- Active buyers were 1.6 million, representing an increase
of 23.5% from RMB1.3 million in the
same quarter of fiscal year 2021.
[1] EBITDA refers to net loss
excluding income tax expenses, interest expense, interest income,
depreciation and amortization expenses, but including all the
professional expenses in relation to initial public offering in the
fiscal year of 2021. EBITDA is a Non-GAAP financial measurement.
Please refer to "Non-GAAP financial measurement".
|
[2] GMV refers to gross
merchandise volume, which is the total value of confirmed orders
placed with us and sold through distribution model or drop shipping
model where we act as a principal in the transaction regardless of
whether the products are delivered or returned, calculated based on
the listed prices of the ordered products without taking into
consideration any discounts. The total GMV amount (i) includes GMV
of products sold by Xingmu, (ii) excludes products sold through
consignment model and (iii) excludes the value of services offered
by us. GMV is subject to future adjustments (such as refunds) and
represents only one measure of the Company's performance and should
not be relied on as an indicator of our financial results, which
depend on a variety of factors.
|
CEO & CFO Quote
Mr. Hao Liang, Boqii's Founder, Chairman and Chief Executive
Officer commented, "We maintained strong topline growth in the
second quarter of Fiscal 2022. As the company continues to expand
its offering and drive customer engagement, number of active buyers
grew by 23.5% year over year.In addition to our organic business
growth, we announced a strategic partnership with Yongle Huazhu in
October, to provide pet-friendly stays in its Blossom House hotels. This partnership further
demonstrates our dedication to providing all-round user care. We
look forward to working with more partners to enhance our service
portfolio, better address growing needs in our user communities,
and lead accelerated growth for all."
Ms. Yingzhi (Lisa) Tang, Boqii's
Co-Founder, Co-CEO and CFO, stated, "We generated healthy revenue
growth of 23.1% year over year this quarter. Continuous growth
momentum from online marketing, information services, and other
revenue once again exhibited the strength of our vertical platform
and unqique value propositions to other players in the industry
chain. Our improved gross margin also demonstrated our ability to
achieve high-quality topline growth. Looking ahead, we will
remain committed to serving both our growing customer base and
industry partners with seamless experience and elevated efficiency,
and look forward to further strengthening our core capabilities to
better capture the immense opportunities in the pet industry."
Fiscal Q2 2022 Financial Results
Total revenues were RMB282.1
million (US$43.8 million),
representing an increase of 23.1% from RMB229.2 million in the same quarter of
fiscal year 2021. The increase was primarily due to the continued
organic growth of our business.
Revenues
(in million)
|
|
Three Months
Ended
September
30
|
|
%
|
|
2021
|
|
2020
|
|
change
|
|
RMB
|
|
RMB
|
|
YoY
|
Product
sales
|
|
266.1
|
|
227.9
|
|
16.8%
|
·
Boqii Mall
|
|
107.6
|
|
94.4
|
|
14.0%
|
·
Third party e-commerce platforms
|
|
158.5
|
|
133.5
|
|
18.7%
|
Online marketing and
information services and other revenue
|
|
16.0
|
|
1.3
|
|
1123.8%
|
Total
|
|
282.1
|
|
229.2
|
|
23.1%
|
Gross profit was RMB55.7
million (US$8.6 million),
representing an increase of 30.7% from RMB42.6 million in the same quarter of fiscal
year 2021.
Gross margin was 19.7%, compared to 18.6% in the
same quarter of fiscal year 2021.
Operating expenses were RMB96.8
million, representing an increase of 25.6 % from
RMB77.1 million in the same quarter
of fiscal year 2021. Operating expenses as a percentage of total
revenues was 34.3%, compared to 33.6% in the same quarter of fiscal
year 2021.
- Fulfillment Expenses were RMB29.6
million, representing an increase of 2.0% from RMB29.0 million in the same quarter of fiscal
year 2021. Fulfillment expenses as a percentage of total revenues
was 10.5%, down from 12.7% in the same quarter of fiscal year 2021.
The decrease was mainly due to: (i) the improved utilization of
warehouses by adjusting inventory mix; (ii) more cost-efficient
China warehouse relocations; and
(iii) lower delivery service prices through renegotiation with
third-party delivery service providers.
- Sales and marketing expenses were RMB44.0 million, representing an increase of
40.3% from RMB31.3 million in the
same quarter of fiscal year 2021. Sales and marketing expenses as a
percentage of total revenue was 15.6%, compared to 13.7% in the
same quarter of fiscal year 2021. The increase was primarily due
to: (i) the increased personnel expense of RMB4.6 million related to the discontinued Covid
government subdisies; (ii) the increased advertising expenses of
RMB6.8 million for business
expansion.
- General and administrative expenses were RMB23.2 million, representing an increase of
39.0% from RMB16.7 million in the
same quarter of fiscal year 2021. General and administrative
expenses as a percentage of total revenue was 8.2%, compared to
7.3% in the same quarter of fiscal year 2021. The increase was
primarily due to: (i) share-based compensation expense of
RMB3.3 million; and (ii) the
increased professional fees of RMB3.4
million incurred after we became a publicly traded
company.
Operating loss was RMB41.0
million (US$6.4 million),
compared to RMB34.2 million in the
same quarter of fiscal year 2021.
EBITDA was a loss of RMB41.5
million (US$6.4 million),
compared to a loss of RMB23.4 million
in the same quarter of fiscal year 2021.
Net loss was RMB44.5
million (US$6.9 million),
compared to net loss of RMB27.5
million in the same quarter of fiscal year 2021.
Adjusted net loss was RMB40.9 million (US$6.3 million), compared to adjusted net loss of
RMB35.8 million in the same quarter
of fiscal year 2021.
Diluted net loss per share was RMB0.64 (US$0.10),
compared to diluted net loss per share of RMB3.06 in the same quarter of fiscal year
2021.
Total cash and cash equivalents and short-term
investments were RMB339.4
million (US$52.7 million),
compared to RMB415.7 million as of
June 30, 2021.
Conference Call
Boqii's management will hold a conference call to discuss the
financial results at 8:00 AM on Tuesday,
November 30, 2021, U.S. Eastern Time (9:00 PM on
Tuesday, November 30, 2021,
Beijing/Hong Kong Time).
To join the conference, please dial in 15 minutes before the
conference is scheduled to begin using below numbers.
|
Phone
Number
|
International
|
1-412-317-6061
|
United
States
|
1-888-317-6003
|
Hong Kong
|
852 800
963-976
|
Mainland
China
|
86
4001-206115
|
Passcode
|
6835046
|
A replay of the conference call may be accessed by phone at the
following numbers until December 7,
2021.
|
Phone
Number
|
International
|
1-412-317-0088
|
United
States
|
1-877-344-7529
|
Replay Access
Code
|
10161957
|
A live and archived webcast of the conference call will be
available on the Company's investor relations website at
http://ir.boqii.com/.
About Boqii Holding Limited
Boqii Holding Limited (NYSE: BQ) is a leading pet-focused
platform in China. We are the
leading online destination for pet products and supplies in
China with our broad selection of
high-quality products including global leading brands, local
emerging brands, and our own private label, Yoken and Mocare,
offered at competitive prices. Our online sales platforms,
including Boqii Mall and our flagship stores on third-party
e-commerce platforms, provide customers with convenient access to a
wide selection of high-quality pet products and an engaging and
personalized shopping experience. Our Boqii Community provides an
informative and interactive content platform for users to share
their knowledge and love for pets.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to" or other
similar expressions. The Company may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about the Company's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding such risks, uncertainties or factors is
included in the Company's filings with the SEC. All information
provided in this press release is as of the date of this press
release, and the Company does not undertake any duty to update such
information, except as required under applicable law.
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures, namely adjusted
net loss, adjusted net loss margin, EBITDA and EBITDA margin, in
evaluating its operating results and for financial and operational
decision-making purposes. The Company defines (i) adjusted net loss
as net loss excluding fair value change of derivative liabilities
and share-based compensation expenses, (ii) adjusted net loss
margin as adjusted net loss as a percentage of total revenues,
(iii) EBITDA as net loss excluding income tax expenses, interest
expense, interest income, depreciation and amortization expenses,
(iv) EBITDA margin as EBITDA as a percentage of total revenues. The
Company believes adjusted net loss, adjusted net loss margin,
EBITDA and EBITDA margin enhance investors' overall understanding
of its financial performance and allow for greater visibility with
respect to key metrics used by its management in its financial and
operational decision-making.
These non-GAAP financial measures are not defined under U.S.
GAAP and are not presented in accordance with U.S. GAAP. As these
non-GAAP financial measures have limitations as analytical tools
and may not be calculated in the same manner by all companies, they
may not be comparable to other similarly titled measures used by
other companies. The Company compensates for these limitations by
reconciling the non-GAAP financial measures to the nearest U.S.
GAAP performance measures, which should be considered when
evaluating the Company's performance. For reconciliation of these
non-GAAP financial measures to the most directly comparable GAAP
financial measures, please see the section of the accompanying
tables titled, "Reconciliation of GAAP and Non-GAAP Results." The
Company encourages investors and others to review its financial
information in its entirety and not rely on any single financial
measure.
Exchange Rate
This press release contains translations of certain RMB amounts
into U.S. dollars ("USD") at specified rates solely for the
convenience of the reader. Unless otherwise stated, all
translations from RMB to USD were made at the rate of RMB6.4434 to US$1.00, the noon buying rate in effect on
September 30, 2021 in the H.10
statistical release of the Federal Reserve Board. The Company makes
no representation that the RMB or USD amounts referred to could be
converted into USD or RMB, as the case may be, at any particular
rate or at all.
For investor and media inquiries, please contact:
In China:
Boqii Holding Limited
Investor Relations
Tel: +86-21-6882-6051
Email: ir@boqii.com
The Blueshirt Group
Ms. Susie Wang
Email: susie@blueshirtgroup.com
In the United States:
The Blueshirt Group
Ms. Julia Qian
Email: julia@blueshirtgroup.com
BOQII HOLDING
LIMITED
|
UNAUDITED INTERIM
CONDENSED CONSOLIDATED BALANCE SHEETS
|
(All amounts in
thousands, except for share and per share data, unless otherwise
noted)
|
|
|
As of
March 31,
2021
|
|
As of
September 30,
2021
|
|
As of
September 30,
2021
|
|
RMB
|
|
RMB
|
|
US$
|
ASSETS
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
Cash and cash
equivalents
|
292,237
|
|
210,199
|
|
32,622
|
Short-term
investments
|
168,546
|
|
129,195
|
|
20,051
|
Accounts receivable,
net
|
45,732
|
|
62,341
|
|
9,675
|
Inventories,
net
|
91,551
|
|
97,294
|
|
15,100
|
Prepayments and other
current assets
|
85,261
|
|
81,536
|
|
12,655
|
Amounts due from
related parties
|
11,465
|
|
36,081
|
|
5,600
|
Total current
assets
|
694,792
|
|
616,646
|
|
95,703
|
Non-current
assets:
|
|
|
|
|
|
Property and
equipment, net
|
8,386
|
|
7,731
|
|
1,200
|
Intangible
assets
|
29,537
|
|
27,543
|
|
4,275
|
Operating lease
right-of-use assets
|
29,234
|
|
44,405
|
|
6,892
|
Long-term
investments
|
74,330
|
|
85,211
|
|
13,225
|
Goodwill
|
40,184
|
|
40,684
|
|
6,314
|
Other non-current
asset
|
4,111
|
|
4,363
|
|
677
|
Total non-current
assets
|
185,782
|
|
209,937
|
|
32,583
|
Total
assets
|
880,574
|
|
826,583
|
|
128,286
|
LIABILITIES,
MEZZANINE EQUITY AND SHAREHOLDERS' DEFICIT
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Short-term
borrowings
|
85,566
|
|
124,995
|
|
19,399
|
Accounts
payable
|
71,848
|
|
82,838
|
|
12,856
|
Salary and welfare
payable
|
6,309
|
|
5,307
|
|
824
|
Accrued liabilities
and other current liabilities
|
30,055
|
|
26,732
|
|
4,149
|
Amounts due to related
parties, current
|
910
|
|
9,495
|
|
1,474
|
Contract
liabilities
|
3,866
|
|
3,893
|
|
604
|
Operating lease
liabilities, current
|
8,063
|
|
9,945
|
|
1,543
|
Derivative
liabilities
|
9,996
|
|
9,877
|
|
1,533
|
Total current
liabilities
|
216,613
|
|
273,082
|
|
42,382
|
Non-current
liabilities
|
|
|
|
|
|
Deferred tax
liabilities
|
8,958
|
|
8,464
|
|
1,314
|
Operating lease
liabilities, non-current
|
19,997
|
|
32,802
|
|
5,091
|
Long-term
borrowings
|
68,075
|
|
24,837
|
|
3,855
|
Other debts,
non-current
|
433,292
|
|
337,251
|
|
52,341
|
Total non-current
liabilities
|
530,322
|
|
403,354
|
|
62,601
|
Total
liabilities
|
746,935
|
|
676,436
|
|
104,983
|
|
|
|
|
|
|
Mezzanine
equity
|
|
|
|
|
|
Redeemable
non-controlling interests
|
5,946
|
|
6,229
|
|
967
|
Total mezzanine
equity
|
5,946
|
|
6,229
|
|
967
|
Stockholders'
equity:
|
|
|
|
|
|
Class A ordinary
shares (US$0.001 par value; 129,500,000 shares authorized,
54,505,108 and 54,619,541 shares issued
and outstanding as of March 31
and September 30, 2021,
respectively)
|
364
|
|
366
|
|
57
|
Class B ordinary
shares (US$0.001 par value; 15,000,000 shares authorized,
13,037,729 shares issued and outstanding
as of March 31 and September,
30, 2021, respectively)
|
82
|
|
82
|
|
13
|
Additional paid-in
capital
|
3,272,612
|
|
3,283,708
|
|
509,623
|
Statutory
reserves
|
3,047
|
|
3,163
|
|
491
|
Accumulated other
comprehensive loss
|
(20,172)
|
|
(25,937)
|
|
(4,025)
|
Accumulated
deficit
|
(2,759,882)
|
|
(2,838,493)
|
|
(440,527)
|
Receivable for
issuance of ordinary shares
|
(413,377)
|
|
(322,369)
|
|
(50,031)
|
Total Boqii
Holding Limited shareholders' equity
|
82,674
|
|
100,520
|
|
15,601
|
Non-controlling
interests
|
45,019
|
|
43,398
|
|
6,735
|
Total
shareholders' equity
|
127,693
|
|
143,918
|
|
22,336
|
Total liabilities,
mezzanine equity and shareholders' equity
|
880,574
|
|
826,583
|
|
128,286
|
Notes for all the condensed consolidated financial schedules
presented:
Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is
based on the certified exchange rate of USD1.00=RMB6.4434
on September 30, 2021 published by
the Federal Reserve Board.
BOQII HOLDING
LIMITED
|
UNAUDITED INTERIM
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE
LOSS
|
(All amounts in
thousands, except for share and per share data, unless otherwise
noted)
|
|
|
Three Months Ended
September 30,
|
|
Six Months Ended
September 30,
|
|
2020
|
|
2021
|
|
2021
|
|
2020
|
|
2021
|
|
2021
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Product
sales
|
227,883
|
|
266,090
|
|
41,297
|
|
465,815
|
|
577,583
|
|
89,639
|
Online marketing and
information services and
other revenue
|
1,307
|
|
16,031
|
|
2,488
|
|
1,813
|
|
26,384
|
|
4,095
|
Total
revenues
|
229,190
|
|
282,121
|
|
43,785
|
|
467,628
|
|
603,967
|
|
93,734
|
Total cost of
revenue
|
(186,555)
|
|
(226,415)
|
|
(35,139)
|
|
(381,723)
|
|
(491,880)
|
|
(76,339)
|
Gross
profit
|
42,635
|
|
55,706
|
|
8,646
|
|
85,905
|
|
112,087
|
|
17,395
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
|
Fulfillment
expenses
|
(29,037)
|
|
(29,632)
|
|
(4,599)
|
|
(62,669)
|
|
(62,519)
|
|
(9,703)
|
Sales and marketing
expenses
|
(31,342)
|
|
(43,969)
|
|
(6,824)
|
|
(66,286)
|
|
(89,454)
|
|
(13,883)
|
General and
administrative expenses
|
(16,697)
|
|
(23,203)
|
|
(3,601)
|
|
(33,565)
|
|
(42,774)
|
|
(6,638)
|
Other income,
net
|
258
|
|
55
|
|
9
|
|
305
|
|
67
|
|
10
|
Loss from
operations
|
(34,183)
|
|
(41,043)
|
|
(6,369)
|
|
(76,310)
|
|
(82,593)
|
|
(12,819)
|
Interest
income
|
4,487
|
|
4,677
|
|
726
|
|
6,203
|
|
9,864
|
|
1,531
|
Interest
expense
|
(6,416)
|
|
(5,997)
|
|
(931)
|
|
(13,559)
|
|
(12,059)
|
|
(1,872)
|
Other (losses)/gain,
net
|
879
|
|
(2,723)
|
|
(423)
|
|
3,776
|
|
405
|
|
63
|
Fair value change of
derivative liabilities
|
8,303
|
|
249
|
|
39
|
|
10,409
|
|
411
|
|
64
|
Loss before income
tax expenses
|
(26,930)
|
|
(44,837)
|
|
(6,958)
|
|
(69,481)
|
|
(83,972)
|
|
(13,033)
|
Income taxes
expenses
|
(500)
|
|
238
|
|
37
|
|
(191)
|
|
1,247
|
|
194
|
Share of results of
equity investees
|
(20)
|
|
68
|
|
11
|
|
(77)
|
|
834
|
|
129
|
Net
loss
|
(27,450)
|
|
(44,531)
|
|
(6,910)
|
|
(69,749)
|
|
(81,891)
|
|
(12,710)
|
Less: Net
(loss)/income attributable to non-
controlling interest
shareholders
|
617
|
|
(1,216)
|
|
(189)
|
|
896
|
|
(3,683)
|
|
(572)
|
Net loss
attributable to Boqii Holding Limited
|
(28,067)
|
|
(43,315)
|
|
(6,721)
|
|
(70,645)
|
|
(78,208)
|
|
(12,138)
|
Less: Accretion on
convertible redeemable
preferred shares to redemption
value
|
(39,925)
|
|
-
|
|
-
|
|
(75,062)
|
|
-
|
|
-
|
Less: Accretion on
redeemable non-controlling
interests to redemption value
|
-
|
|
(143)
|
|
(22)
|
|
-
|
|
(283)
|
|
(44)
|
Less: Deemed dividend
to preferred shareholders
|
-
|
|
-
|
|
-
|
|
(12,547)
|
|
-
|
|
-
|
Net loss
attributable to Boqii Holding
Limited's ordinary
shareholders
|
(67,992)
|
|
(43,458)
|
|
(6,743)
|
|
(158,254)
|
|
(78,491)
|
|
(12,182)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
(27,450)
|
|
(44,531)
|
|
(6,910)
|
|
(69,749)
|
|
(81,891)
|
|
(12,710)
|
Other comprehensive
income/(loss):
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustment, net
of nil tax
|
(10,716)
|
|
2,947
|
|
457
|
|
(11,517)
|
|
(5,765)
|
|
(895)
|
Unrealized securities
holding gains
|
-
|
|
-
|
|
-
|
|
1,195
|
|
-
|
|
-
|
Total
comprehensive loss
|
(38,166)
|
|
(41,584)
|
|
(6,453)
|
|
(80,071)
|
|
(87,656)
|
|
(13,605)
|
Less: Net
comprehesive (loss)/income
attributable to non- controlling interests
s
hareholders
|
617
|
|
(1,216)
|
|
(189)
|
|
896
|
|
(3,683)
|
|
(572)
|
Total
comprehensive loss attributable to Boqii
Holding Limited
|
(38,783)
|
|
(40,368)
|
|
(6,264)
|
|
(80,967)
|
|
(83,973)
|
|
(13,033)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per share
attributable to Boqii
Holding Limited's ordinary
shareholders
|
|
|
|
|
|
|
|
|
|
|
|
— basic
|
(3.06)
|
|
(0.64)
|
|
(0.10)
|
|
(7.12)
|
|
(1.16)
|
|
(0.18)
|
— diluted
|
(3.06)
|
|
(0.64)
|
|
(0.10)
|
|
(7.12)
|
|
(1.16)
|
|
(0.18)
|
Weighted average
number of ordinary shares
|
|
|
|
|
|
|
|
|
|
|
|
— basic
|
22,238,454
|
|
67,703,830
|
|
67,703,830
|
|
22,238,454
|
|
67,703,830
|
|
67,703,830
|
— diluted
|
22,238,454
|
|
67,703,830
|
|
67,703,830
|
|
22,238,454
|
|
67,703,830
|
|
67,703,830
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes for all the condensed consolidated financial schedules
presented:
Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is
based on the certified exchange rate of USD1.00=RMB6.4434
on September 30, 2021 published by
the Federal Reserve Board.
Boqii Holding
Limited
|
Reconciliation of
GAAP and Non-GAAP Results
|
(In
thousands)
|
|
|
Three Months Ended
September 30
|
|
Six Months Ended
September 30,
|
|
2020
|
|
2021
|
|
2020
|
|
2021
|
|
RMB
|
|
RMB
|
|
RMB
|
|
RMB
|
|
|
|
|
|
|
|
|
Net loss
|
(27,450)
|
|
(44,531)
|
|
(69,749)
|
|
(81,891)
|
Fair value change of
derivative liabilities
|
(8,303)
|
|
(249)
|
|
(10,409)
|
|
(411)
|
Share-based
compensation
|
-
|
|
3,917
|
|
-
|
|
9,903
|
Adjusted Net
loss
|
(35,753)
|
|
(40,863)
|
|
(80,158)
|
|
(72,399)
|
Adjusted Net Loss
Margin
|
(15.6%)
|
|
(14.5%)
|
|
(17.1%)
|
|
(12.0%)
|
|
|
|
Three Months Ended
September 30,
|
|
Six Months Ended
September 30,
|
|
2020
|
|
2021
|
|
2020
|
|
2021
|
|
RMB
|
|
RMB
|
|
RMB
|
|
RMB
|
|
|
|
|
|
|
|
|
Net loss
|
(27,450)
|
|
(44,531)
|
|
(69,749)
|
|
(81,891)
|
Income tax
expenses
|
500
|
|
(238)
|
|
191
|
|
(1,247)
|
Interest
expenses
|
6,416
|
|
5,997
|
|
13,559
|
|
12,059
|
Interest
income
|
(4,487)
|
|
(4,677)
|
|
(6,203)
|
|
(9,864)
|
Depreciation and
amortization
|
1,601
|
|
1,957
|
|
3,351
|
|
3,885
|
EBITDA
|
(23,420)
|
|
(41,492)
|
|
(58,851)
|
|
(77,058)
|
EBITDA
Margin
|
(10.2%)
|
|
(14.7%)
|
|
(12.6%)
|
|
(12.8%)
|
Notes for all the condensed consolidated financial schedules
presented:
Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is
based on the certified exchange rate of USD1.00=RMB6.4434
on September 30, 2021 published by
the Federal Reserve Board.
View original
content:https://www.prnewswire.com/news-releases/boqii-announces-fiscal-2022-second-quarter-unaudited-financial-results-301433627.html
SOURCE Boqii Holding Limited