Boqii Holding Limited (NYSE:BQ) Q4 2023 Earnings Call Transcript

Lisa Tang: [Foreign Language]

Mandy Luo: Okay. Let me translate first. The proportion around 30% is medium-term goal, then there will be for the future. And at present, the industry, we could see that the industry is relatively scattered and we have developed a series of strategies to compliment the current market situation and to use the big data to do the label brand metrics and brand lane. And for the gross profit margin, we think that the different categories and different brand combinations could help us to improve the gross margin. And some categories of rebrand in incubation stage will make process to cultivate customer combination. And we believe that the comprehensive performance will be – exceed the 35%. Okay. Thank you.

Operator: Thank you. I’m seeing no more questions in the queue. Let me turn the call back to Ms. L for closing remarks.

Mandy Luo: Okay. Thank you. Thank you, operator, and thank you all for participating in today’s call and for your support. We appreciate your interest and look forward to reporting to you again on our progress in the next half year. Thank you.

Operator: Thank you all again. This concludes the call. You may now disconnect.