| Schedule of Operating Leases |
All of the Company’s leases qualify as operating leases. | | | As of
March 31, | | | As of
March 31, | | | | | 2023 | | | 2024 | | | | | RMB | | | RMB | | | | | | | | | | | Assets | | | | | | | | Operating lease right-of-use assets | | | 22,354 | | | | 8,951 | | | | | | | | | | | | | Liabilities | | | | | | | | | | Operating lease liabilities, current | | | 9,220 | | | | 5,613 | | | Operating lease liabilities, non-current | | | 12,741 | | | | 3,115 | | | Total operating lease liabilities | | | 21,961 | | | | 8,728 | | | Weighted average remaining lease term (years) | | | 2.77 | | | | 1.65 | | | Weighted average discount rate | | | 5.38 | % | | | 4.93 | % |
Information
related to operating lease activity during the years ended March 31, 2022, 2023 and 2024 are as follows:
| | |
Year ended March 31, 2022 | | |
Year ended March 31, 2023 | | |
Year ended March 31, 2024 | |
| | |
RMB | | |
RMB | | |
RMB | |
| | |
| | |
| | |
| |
| Operating lease right-of-use assets obtained in exchange for lease obligations | |
| 21,038 | | |
| 8,384 | | |
| 4,545 | |
| | |
| | | |
| | | |
| | |
| Operating lease related expenses | |
| | | |
| | | |
| | |
| Amortization of right-of-use assets | |
| 11,705 | | |
| 24,597 | | |
| 17,948 | |
| Interest of lease liabilities | |
| 1,949 | | |
| 1,777 | | |
| 199 | |
| | |
| 13,654 | | |
| 26,374 | | |
| 18,147 | |
| | |
Year ended March 31, 2022 | | |
Year ended March 31, 2023 | | |
Year ended March 31, 2024 | |
| | |
RMB | | |
RMB | | |
RMB | |
| | |
| | | |
| | | |
| | |
| Operating lease payments (included in measurement of lease liabilities) | |
| 12,849 | | |
| 26,397 | | |
| 17,977 | |
|
| Schedule of Maturities of Lease Liabilities |
Maturities
of lease liabilities were as follows:
| | |
Year ended March 31, 2024 | |
| | |
RMB | |
| For the year ending March 31, | |
| |
| 2025 | |
6,559 | |
| 2026 | |
| 2,808 | |
| 2027 | |
| 365 | |
| Total lease payments | |
| 9,732 | |
| Less: imputed interest | |
| (1,004 | ) |
| Total | |
| 8,728 | |
|