v3.26.1
Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Mar. 31, 2026
CNY (¥)
Mar. 31, 2026
USD ($)
Mar. 31, 2025
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 49,427 $ 7,165 ¥ 38,659
Short-term investments 4,000
Accounts receivable, net 11,924 1,729 29,318
Inventories, net 26,207 3,799 40,076
Prepayments and other current assets 87,636 12,704 90,465
Total current assets 193,633 28,070 222,322
Non-current assets:      
Property and equipment, net 1,339 194 4,249
Intangible assets 94 14 14,671
Operating lease right-of-use assets 3,739 542 3,084
Long-term investments 35,908 5,206 64,986
Other non-current asset 1,660 241 1,919
Total non-current assets 48,134 6,979 93,844
Total assets 241,767 35,049 316,166
Current liabilities      
Short-term borrowings (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB 63 and RMB 8,000 as of March 31, 2025 and 2026, respectively) 16,000 2,320 9,063
Accounts payable (including accounts payable of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB 421 and RMB 438 as of March 31, 2025 and 2026, respectively) 8,156 1,182 19,558
Salary and welfare payable (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB57 and RMB 535 as of March 31, 2025 and 2026, respectively) 1,027 149 1,908
Accrued liabilities and other current liabilities (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB 3,563 and RMB 468 as of March 31, 2025 and 2026, respectively) 31,357 4,547 11,856
Contract liabilities (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB 1,768 and RMB 1,466 as of March 31, 2025 and 2026, respectively) 1,896 275 1,768
Operating lease liabilities, current (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB1,284 and RMB 873 as of March 31, 2025 and 2026, respectively) 1,070 155 1,714
Derivative liabilities (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of Nil as of March 31, 2025 and 2026, respectively) 5
Total current liabilities 59,506 8,628 45,872
Non-current liabilities      
Deferred tax liabilities (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of Nil as of March 31, 2025 and 2026, respectively) 2,433
Operating lease liabilities, non-current (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB 538 and RMB 2021 as of March 31, 2025 and 2026, respectively) 2,273 330 851
Other debts, non-current (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB200 and RMB 200 as of March 31, 2025 and 2026, respectively) 200 29 38,635
Total non-current liabilities 2,473 359 41,919
Total liabilities 61,979 8,987 87,791
Commitments and contingencies (Note 26)
Mezzanine equity:      
Redeemable non-controlling interests 8,804
Total mezzanine equity 8,804
Shareholders’ equity:      
Additional paid-in capital 3,364,191 487,705 3,342,121
Statutory reserves 2,375 344 3,876
Accumulated other comprehensive loss (56,824) (8,238) (37,769)
Accumulated deficit (3,120,958) (452,444) (3,115,371)
Receivable for issuance of ordinary shares (6,248) (906) (6,248)
Total Boqii Holding Limited shareholders’ equity 188,001 27,253 189,805
Non-controlling interests (8,213) (1,191) 29,766
Total shareholders’ equity 179,788 26,062 219,571
Total liabilities, mezzanine equity and shareholders’ equity 241,767 35,049 316,166
Related Party      
Current assets:      
Amounts due from related parties 18,439 2,673 19,804
Non-current assets:      
Amounts due from related parties, non-current 5,394 782 4,935
Class A Ordinary Shares      
Shareholders’ equity:      
Ordinary shares value 4,812 697 3,114
Class B Ordinary Shares      
Shareholders’ equity:      
Ordinary shares value 82 12 82
Class C Ordinary Shares      
Shareholders’ equity:      
Ordinary shares value ¥ 571 $ 83