BQ vs HERE
Boqii Holding Ltd. and Here Group Ltd., side by side — 5 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | BQ | HERE |
|---|---|---|
| Revenue | CNY 420.5M | CNY 2.7B |
| Net income | CNY -5.1M | CNY 358.7M |
| Gross margin | 26.3% | 81.5% |
| Net margin | −0.4% | 13.1% |
| Return on equity | −2.7% | 54.1% |
| Diluted EPS | −CNY 1.47 | CNY 2.17 |
| Dividend / share | · | · |
| Payout ratio | · | 21.8% |
| Free cash flow | CNY -30.4M | CNY 180.8M |
| Equity | CNY 188.0M | CNY 809.0M |
| Net debt / equity | −0.09× | −1.01× |
| Current ratio | 3.25× | 2.14× |
| Revenue CAGR 5y | −16.1% | · |
| Profit CAGR 5y | · | · |
HERE bills 6.5× the revenue of BQ, and BQ closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
5 years side by side
| Fiscal year | BQ | HERE |
|---|---|---|
| FY2024 | CNY 468.9M | CNY 2.7B |
| FY2023 | CNY 709.4M | CNY 3.8B |
| FY2022 | CNY 1.1B | CNY 3.1B |
| FY2021 | CNY 1.2B | CNY 2.9B |
| FY2020 | CNY 1.0B | CNY 1.8B |
Bottom line
| Fiscal year | BQ | HERE |
|---|---|---|
| FY2024 | CNY -54.1M | CNY 358.7M |
| FY2023 | CNY -63.7M | CNY 385.5M |
| FY2022 | CNY -102.8M | CNY -108.5M |
| FY2021 | CNY -128.4M | CNY -233.4M |
| FY2020 | CNY -194.4M | CNY -316.0M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | −CNY 2,256,698,000 | HERE |
| FY2023 | −CNY 3,085,979,000 | HERE |
| FY2022 | −CNY 1,989,287,000 | HERE |
| FY2021 | −CNY 1,681,545,000 | HERE |
| FY2020 | −CNY 748,955,000 | HERE |
HERE has reported the higher revenue in every one of these 5 fiscal years. The gap has widened since the earliest year compared.
5 of 8 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HERE's net margin has been more volatile than BQ's over the 3 comparable fiscal years — 14.0 percentage points of standard deviation against 3.9.
3 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
HERE led in net margin in every one of the 3 comparable fiscal years — a structural lead, not a recent swing.
3 of 8 comparable fiscal years — a year missing data on either side is not counted.