LEASES (Tables)

9 Months Ended

Dec. 31, 2024

Leases [Abstract]

SCHEDULE OF SUPPLEMENTAL CONSOLIDATED BALANCE SHEET INFORMATION RELATED TO LEASES

Supplemental Consolidated Balance Sheets information related to leases were as follows:

		March 31, 2024				December 31, 2024
		RMB				RMB

Operating leases

Right-of-use assets			168,418				194,388
Operating lease liabilities - current			12,310				14,563
Operating lease liabilities - non-current			154,846				180,920
Total operating lease liabilities			167,156				195,483

Finance leases

Right-of-use assets			1,339,537				1,346,728
Finance lease liabilities - current			51,160				183,852
Finance lease liabilities - non-current			1,191,246				1,141,118
Total finance lease liabilities			1,242,406				1,324,970

SCHEDULE OF SUPPLEMENTAL OF COMPREHENSIVE LOSS RELATED TO LEASES

The components of lease expense are as follows within the Consolidated Statements of Comprehensive Loss:

		2023				2024				2024
		For the fiscal year ended March 31,								For the nine months ended December 31,
		2023				2024				2024
		RMB				RMB				RMB

Operating lease expense:
Operating lease expense			17,490				20,115				19,058
Short-term lease expense			5,905				5,452				1,909
Total operating lease expenses			23,395				25,567				20,967
Finance lease expense:
Amortization expense			-				14,290				21,029
Interest expense			-				41,184				60,662
Total finance lease expenses			-				55,474				81,691
Total lease expenses			23,395				81,041				102,658

SCHEDULE OF SUPPLEMENTAL OTHER INFORMATION RELATED TO LEASE

Other information related to leases where the Group is the lessee was as follows:

		March 31, 2024				December 31, 2024

Weighted average remaining lease term
Operating leases			8.75				8.00
Finance leases			9.50				8.75
Weighted average incremental borrowing rate
Operating leases			4.30	%			4.30	%
Finance leases			6.60	%			6.58	%

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES

Supplemental cash flow information related to leases were as follows:

		2023				2024				2024
		For the fiscal year ended March 31,								For the nine months ended December 31,
		2023				2024				2024
		RMB				RMB				RMB

Operating cash outflows from operating leases			10,231				18,011				16,701
Right-of-use assets obtained in exchange for operating lease liabilities			84,947				97,731				39,301
Right-of-use assets obtained in exchange for finance lease liabilities, after modification			-				1,353,827				28,220

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities are as follows:

		December 31, 2024
		Finance lease				Operating lease
		RMB				RMB

Matured as of December 31, 2024			127,746				-
Fiscal year ended December 31, 2025			132,474				22,781
Fiscal year ended December 31, 2026			132,474				24,052
Fiscal year ended December 31, 2027			132,474				27,776
Fiscal year ended December 31, 2028			132,474				29,469
Fiscal year ended December 31, 2029			132,474				31,327
Thereafter			1,054,859				99,529
Total lease payments			1,844,975				234,934
Less: imputed interest			(520,005	)			(39,451	)
Total lease liabilities			1,324,970				195,483
Less: current portion			(183,852	)			(14,563	)
Non-current portion of lease liabilities			1,141,118				180,920