v3.25.2
Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2024
CNY (¥)
Mar. 31, 2024
USD ($)
Mar. 31, 2023
CNY (¥)
Mar. 31, 2022
CNY (¥)
Cash flows from operating activities:        
Net loss ¥ (68,898) $ (9,541) ¥ (105,976) ¥ (132,823)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization expense 6,355 880 7,844 7,678
Provision for inventories obsolescence (223) (31) 35 311
Allowance for expected credit loss (116) (16) 133 213
Interest expense of other debts 5,058 701 9,706 17,144
Interest receivable for issuance of ordinary shares (6,112) (14,239)
Amortization of right-of-use assets 17,948 2,486 24,597 11,705
Interest of lease liabilities 199 28 1,777 1,949
Investment income (1,820) (252) 178 622
Share of results of equity investees (50) (7) 82 (418)
Discount on the ordinary shares issued by public offering 5,943 823
Loss/(gain) on disposal of property and equipment and intangible assets 46 6 (7) (104)
Loss on disposal of other debts 1,425 197
Gain from the re-measurement of the previously held equity interest to the fair value in the business acquisition (127)
Gain from disposal of a subsidiary (49) [1] (7) (3,597) [1] [1]
Impairment of goodwill 40,684
Share-based compensation expense 679 94 (7,677) 14,409
Fair value change of derivative liabilities 1,034 143 2,266 (2,824)
Deferred tax expense (907) (126) (989) (989)
Changes in operating assets and liabilities, net of effects of businesses acquired:        
Accounts receivable 27,179 3,764 (27,455) (6,131)
Inventories 26,540 3,676 30,583 (23,176)
Prepayments and other current assets 11,491 1,591 47,754 (35,056)
Amounts due from related parties 2,413 334 (3,839) 490
Operating lease liabilities (17,977) (2,490) (26,397) (12,849)
Accounts payable (31,501) (4,363) (36,342) 18,106
Salary and welfare payable (3,893) (539) 6 293
Accrued liabilities and other current liabilities (4,766) (660) 2,701 1,954
Amounts due to related parties (471) (65) 252 (808)
Contract liabilities (2,892) (402) (2,536) 3,140
Other non-current assets 1,825 253 (1,740) 4,026
Net cash used in operating activities (25,428) (3,523) (54,069) (147,504)
Cash flows from investing activities:        
Loan advanced to third parties (3,194) (442) (7,864) (2,376)
Repayments on loan receivables from third parties 4,206 583 1,096 2,579
Loan advanced to related parties (4,779) (662) (4,120) (35,995)
Repayments on loan receivables from related parties 3,196 443 3,874 35,245
Acquisition of subsidiaries (2,938)
Disposal of subsidiaries, net of cash and cash equivalents acquired (37) (5)
Proceeds from disposal of short-term investments 69,797 9,667 58,287 40,462
Purchase of intangible assets (36) (5) (50) (24)
Purchase of property and equipment (527) (73) (1,805) (3,077)
Proceeds from disposal of property and equipment 213 30 16 125
Acquisitions of long-term investments (15,792)
Deposits to be used in connection with future acquisitions (29,090) (4,029)
Disposal of long-term investments 8,065 1,117
Net cash generated from/ (used in) investing activities 47,814 6,624 46,496 21,147
Cash flows from financing activities:        
Acquisition of additional interests in subsidiaries from non-controlling interests 245
Proceeds from short-term and long-term borrowings 15,000 2,077 110,553 185,614
Repayments of short-term and long-term borrowings (86,049) (11,918) (187,234) (176,897)
Proceeds from issuance of other debts, net of issuance costs 8,786 1,217 87,959 262,870
Repayments of other debts (6,818) (944) (87,959) (270,860)
Proceeds from exercise of share option 29 4 25 1,023
Proceeds from issuance of ordinary shares, net of issuance costs 35,920 4,975
Net cash flows generated from/ (used in) financing activities (33,132) (4,589) (76,656) 1,995
Net decrease in cash, cash equivalents and restricted cash (10,746) (1,488) (84,229) (124,362)
Cash, cash equivalents and restricted cash at beginning of year 89,850 12,444 162,855 292,237
Effects of exchange rate changes on cash, cash equivalents and restricted cash (6,382) (884) 11,224 (5,020)
Cash, cash equivalents and restricted cash at end of year 72,722 10,072 89,850 162,855
Supplemental schedule of non-cash investing and financing activities:        
Accretion on redeemable non-controlling interests (766) (106) (675) (575)
Unpaid cash consideration for business acquisitions (2,938) (407) (2,938) (2,938)
Additional ASC 842 supplemental disclosure:        
Cash paid for fixed operating lease costs included in the measurement of lease obligations in operating activities 17,977 2,490 26,397 12,849
Right-of-use assets obtained in exchange for operating lease obligations ¥ 4,545 $ 629 ¥ 8,384 ¥ 21,038
[1] In August 2022, the Company disposed a subsidiary to a third-party investor and recognized an investment gain of RMB 3.6 million. In November 2023, the Company disposed a subsidiary and recognized an investment gain of RMB 0.05 million.