Chinese Online Pet Platform Boqii (BQ) Sees 32% Surge in After-Hours Trading: Here's the Reason
Stock Performance: Boqii Holding Limited's shares surged 32.5% in after-hours trading, reaching $2.65, despite a 4.76% decline during regular trading hours, closing at $2.
Equity Transaction Details: The company filed a Form 6-K with the SEC, revealing a repurchase agreement where founders of Nanjing Xingmu Biotechnology will buy back a 14.5% equity stake for RMB 12.5 million ($1.76 million).
VIE Arrangements Termination: The repurchase agreement includes plans to terminate existing variable interest entity (VIE) arrangements, which currently consolidate Nanjing Xingmu’s results in Boqii’s financial statements.
Trading Metrics: Boqii's stock has dropped 50.62% year-to-date, with a market capitalization of $7.16 million and an annual trading range between $1.62 and $56.10.
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Boqii Holding Reports 75.1% Reduction in Net Loss for H1 2026
- Gross Margin Improvement: Boqii Holding's gross margin increased to 25.9% in H1 2026, up 520 basis points from 20.7% in H1 2025, demonstrating the company's ability to enhance profitability amidst market challenges, thereby boosting investor confidence.
- Private Label Growth: The number of SKUs for private labels rose from 3,546 to 4,427, with gross margin increasing from 33.2% to 44.5%, which not only enhances product competitiveness but also lays a solid foundation for sustainable growth in the future.
- Operating Expense Reduction: By optimizing supply chain management, Boqii reduced fulfillment expenses as a percentage of revenue from 7.5% to 6.2%, achieving a 31% decrease, significantly improving operational efficiency and enhancing post-fulfillment gross margin.
- Significant Net Loss Reduction: The net loss for H1 2026 was RMB 7.4 million, a 75.1% decrease from RMB 29.6 million in H1 2025, reflecting ongoing improvements in profitability and strengthening confidence in future growth prospects.
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Planet Labs Performance: Planet Labs PBC shares surged 16.4% to $15.15 in pre-market trading after reporting third-quarter revenue of $81.25 million, exceeding analyst expectations, and raising its FY26 sales guidance.
Other Gainers: Several stocks saw significant pre-market gains, including Agape ATP Corporation (+152.3%), WORK Medical Technology Group (+38.4%), and Galaxy Payroll Group (+37.8%).
Notable Losers: Stocks that experienced sharp declines include Kaival Brands (-40%), Beasley Broadcast Group (-35.3%), and Oxford Industries (-25.6%) after reporting disappointing financial results.
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with notable movements influenced by recent earnings reports and guidance updates.
