Question · H1 2023
Jin Jing of Goshen Securities inquired about Boqii's future strategic focus and its expectations for the revenue contribution and margins of its private label products.
Answer
An Unidentified Company Speaker, translating for management, explained that the company's strategy involves optimizing its supply chain with big data and expanding its private label offerings. The speaker noted that private label revenue share grew from 13.9% to 18.5% year-over-year and is expected to surpass 20%, while its gross margin increased from 27.4% to 33% and is projected to exceed 35% in the near future.