| SCHEDULE OF OTHER OPERATING INCOME, NET |
SCHEDULE OF OTHER OPERATING INCOME, NET
| | |
2023 | | |
2024 | | |
2024 | |
| | |
For the fiscal year ended March 31, | | |
For the nine months ended December 31, | |
| | |
2023 | | |
2024 | | |
2024 | |
| | |
RMB | | |
RMB | | |
RMB | |
| | |
| | |
| | |
| |
| Gains from waiver of operating payables (i) | |
| 70,500 | | |
| 10,604 | | |
| 9,703 | |
| Government grant (ii) | |
| 5,252 | | |
| 6,135 | | |
| 21,511 | |
| Guarantee income | |
| 46 | | |
| - | | |
| - | |
| Others | |
| (5,808 | ) | |
| 1,262 | | |
| 463 | |
| Total | |
| 69,990 | | |
| 18,001 | | |
| 31,677 | |
| | |
| | | |
| | | |
| | |
| (i) | | The
Company entered into supplemental agreements with several suppliers in May and June 2021, pursuant to which the Company would be exempted,
conditionally, from the repayment of other payables of approximately RMB120.4 million. Payment conditions were met during fiscal year
ended 2023 resulting in an incremental RMB56.1 million in payables waived pursuant to the operative supplier agreements. The waiver of
this additional payables balance resulted in a gain recorded in the same fiscal year. In
addition, the Company continued to negotiate with other suppliers to settle long-aged payables, resulting in additional wavier gains
of RMB14.4 million, RMB10.6 million and RMB9.7 million recorded for the fiscal years ended March 31, 2023 and 2024 and the nine months
ended December 31, 2024, respectively. |
| (ii) | | During
the nine months ended December 31, 2024, the Company received several cash-based government subsidies which are primarily intended to
support the business operations in the Hefei and Xi’an superstore. All conditions associated with these subsidies have been satisfied,
and the cash received does not need to be refunded under any circumstances. The Company recorded these subsidies under “Other operating
income, net” in the Consolidated Statements of Comprehensive Loss. |
|