BQ vs YJ
Boqii Holding Ltd. and Yunji Inc., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | BQ | YJ |
|---|---|---|
| Revenue | CNY 420.5M | CNY 317.0M |
| Net income | CNY -5.1M | CNY -133.3M |
| Gross margin | 26.3% | 44.4% |
| Net margin | −0.4% | −42.0% |
| Return on equity | −2.7% | −13.2% |
| Diluted EPS | −CNY 1.47 | −CNY 0.07 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY -30.4M | CNY -126.6M |
| Equity | CNY 188.0M | CNY 935.2M |
| Net debt / equity | −0.09× | −0.07× |
| Current ratio | 3.25× | 1.41× |
| Revenue CAGR 5y | −16.1% | −43.5% |
| Profit CAGR 5y | · | · |
BQ bills 1.3× the revenue of YJ, and both 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.
8 years side by side
| Fiscal year | BQ | YJ |
|---|---|---|
| FY2025 | CNY 420.5M | CNY 317.0M |
| FY2024 | CNY 468.9M | CNY 417.7M |
| FY2023 | CNY 709.4M | CNY 640.2M |
| FY2022 | CNY 1.1B | CNY 1.2B |
| FY2021 | CNY 1.2B | CNY 2.2B |
| FY2020 | CNY 1.0B | CNY 5.5B |
| FY2019 | CNY 770.2M | CNY 11.7B |
| FY2018 | CNY 803.8M | CNY 13.0B |
Bottom line
| Fiscal year | BQ | YJ |
|---|---|---|
| FY2025 | CNY -5.1M | CNY -133.3M |
| FY2024 | CNY -54.1M | CNY -123.1M |
| FY2023 | CNY -63.7M | CNY -165.1M |
| FY2022 | CNY -102.8M | CNY -138.2M |
| FY2021 | CNY -128.4M | CNY -165.1M |
| FY2020 | CNY -194.4M | CNY -146.3M |
| FY2019 | CNY -179.0M | CNY -125.8M |
| FY2018 | CNY -234.2M | CNY -59.7M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 103,451,000 | BQ |
| FY2024 | +CNY 51,243,000 | BQ |
| FY2023 | +CNY 69,143,000 | BQ |
| FY2022 | −CNY 62,020,000 | YJ |
| FY2021 | −CNY 968,932,000 | YJ |
| FY2020 | −CNY 4,519,272,000 | YJ |
| FY2019 | −CNY 10,901,787,000 | YJ |
| FY2018 | −CNY 12,211,394,000 | YJ |
The higher-revenue side has changed between BQ and YJ over this period. The gap has narrowed since the earliest year compared.
8 of 9 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +41.6 pp | BQ |
| FY2024 | +17.0 pp | BQ |
| FY2023 | +16.1 pp | BQ |
| FY2022 | +2.3 pp | BQ |
| FY2021 | −17.3 pp | YJ |
| FY2020 | −16.4 pp | YJ |
| FY2019 | −21.8 pp | YJ |
| FY2018 | −28.4 pp | YJ |
The higher net margin has changed hands between BQ and YJ over this period.
8 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
YJ's net margin has been more volatile than BQ's over the 8 comparable fiscal years — 16.0 percentage points of standard deviation against 8.3.
8 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BQ and YJ over these 8 fiscal years — BQ led in 4 and YJ in 4.
8 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BQ's return on equity has been more volatile than YJ's over the 5 comparable fiscal years — 29.8 percentage points of standard deviation against 1.3.
5 of 6 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BQ and YJ over these 5 fiscal years — BQ led in 1 and YJ in 4.
5 of 6 comparable fiscal years — a year missing data on either side is not counted.