v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
CONSOLIDATED STATEMENTS OF CASH FLOWS      
Net income (loss) $ (573) $ 1,056 $ 1,593
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 5,690 5,849 5,955
Loss on disposal of property, plant and equipment 72 442 822
Amortization of land use rights 127 127 132
Amortization of other intangible assets 84 7 0
Amortization of right-of-use asset 5 0 0
Allowance for credit loss (263) (1,709) (1,428)
Deferred income tax provision (18) (42) 0
Changes in operating assets and liabilities:      
Inventories 2,408 (1,284) (151)
Trade receivables 55 5,896 1,814
Prepaid expenses and other current assets 4,457 (126) 4,948
Other non-current assets (23) 0 0
Accounts and bills payable 69 (1,097) 1,888
Other payable and accruals 911 (2,101) (1,599)
Income tax payable (72) (3) 0
Amount due to a director 689 1 (60)
Operating lease liabilities 18 0 0
Net cash provided by operating activities 13,636 7,016 13,914
Purchase of property, plant and equipment (2,535) (1,069) (2,515)
Purchase of intangible assets 0 (423) 0
Net cash used in investing activities (2,535) (1,492) (2,515)
Dividend paid to non-controlling interest (1) (16) (33)
Payments of deferred offering cost (338) (929) (445)
Proceeds from short-term loans 55,168 57,075 70,067
Repayment of short-term loans (61,541) (64,262) (70,647)
Net cash provided by financing activities (6,712) (8,132) (1,058)
Net change in cash and cash equivalents and restricted cash 4,389 (2,608) 10,341
Cash, cash equivalents and restricted cash, at the beginning of the year 21,984 26,649 28,309
Cash and cash equivalents and restricted cash, at the end of the year 25,401 21,984 26,649
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Impact of exchange rates on cash, cash equivalents and restricted cash (972) (2,057) (12,001)
Supplemental disclosure of cash flow information:      
Interest paid 1,278 1,508 1,660
Cash paid for income tax $ 350 $ 243 $ 295