v3.25.1
LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES (Tables)
9 Months Ended
Dec. 31, 2024
Financing Receivable, Past Due [Line Items]  
SCHEDULE OF LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES

 

  

March 31,

2024

  

December 31,

2024

 
   RMB   RMB 
         
Loans recognized as a result of payments under guarantees   7,995    7,710 
Less: provision for credit losses   (7,995)   (7,710)
Loans recognized   -    - 
SCHEDULE OF MOVEMENT OF PROVISION FOR CREDIT LOSSES

The movement of provision for credit losses for the fiscal years ended March 31, 2023 and 2024 and the nine months ended December 31, 2024 was as follows:

 

  

For the fiscal years ended

March 31,

  

For the nine months

ended December 31,

 
   2023   2024   2024 
   RMB   RMB   RMB 
             
Beginning balance of the period   (324,371)   (10,337)   (7,995)
(Provision for)/reversal of credit losses   (1,770)   1,719    285 
Write-offs   308,847    -    - 
Payments from the borrowers or other recoveries   6,957    623    - 
Ending balance of the period   (10,337)   (7,995)   (7,710)
SCHEDULE OF CHANGES IN PROVISION FOR CREDIT LOSSES

The following table explains the changes in the provision of credit losses by grade of monitored credit risk quality indicator as of March 31, 2023 and 2024 and December 31, 2024:

 

   Normal   Attention   Secondary   Total 
   RMB   RMB   RMB   RMB 
                 
Balance at March 31, 2022   (1,805)   (74,783)   (247,783)   (324,371)
(Provision for)/reversal of credit losses   (8,126)   (4,844)   11,200    (1,770)
Write-offs   3,341    74,519    230,987    308,847 
Payments from the borrowers or other recoveries   -    297    6,660    6,957 
Transfer from Normal to Secondary   6,590    -    (6,590)   - 
Transfer from Attention to Secondary   -    4,811    (4,811)   - 
Balance at March 31, 2023   -    -    (10,337)   (10,337)
Reversal of credit losses   -    -    1,719    1,719 
Payments from the borrowers or other recoveries   -    -    623    623 
Balance at March 31, 2024   -    -    (7,995)   (7,995)
Reversal of credit losses             285    285 
Balance at December 31, 2024   -    -    (7,710)   (7,710)
Loan Recognized as Result of Payment Under Guarantee [Member]  
Financing Receivable, Past Due [Line Items]  
SCHEDULE OF LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES

An aging analysis of loans recognized as result of payments under guarantees was as follows:

 

  

March 31,

2024

  

December 31,

2024

 
   RMB   RMB 
         
Over 12 months   7,995    7,710 
Loans recognized as a result of payments under guarantees   7,995    7,710 
SCHEDULE OF BALANCE OF LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES MONITORED CREDIT RISK QUALITY INDICATOR

The balance of loans recognized as a result of payments under guarantees by grade of monitored credit risk quality indicator as of March 31, 2024 and December 31, 2024 were listed as below:

 

  

March 31,

2024

  

December 31,

2024

 
   RMB   RMB 
         
Normal   -    - 
Attention   -    - 
Secondary   7,995    7,710 
Loans recognized, net   7,995    7,710