v3.25.2
Investments (Tables)
12 Months Ended
Mar. 31, 2025
Summary of Long Term Investments

The Company’s long-term investments consist of the following:

 

As of March 31,

 

 

2024

 

 

2025

 

 

RMB

 

 

RMB

 

Available-for-sale debt securities

 

 

 

 

 

 

Jimi

 

 

5,459

 

 

 

5,459

 

iSNOB

 

 

26,021

 

 

 

 

Juesekuangxiang

 

 

6,875

 

 

 

 

Jiangxi Chengqianqihou

 

 

5,000

 

 

 

 

Others

 

 

3,427

 

 

 

2,296

 

 

 

46,782

 

 

 

7,755

 

Equity method investments

 

 

 

 

 

 

Jiaxing Neixiangyoupan Equity investment Fund Partnership
   (limited partnership) (“Neixiangyoupan”)

 

 

29,387

 

 

 

25,417

 

Hangzhou Chengqianqihou Food Supply Chain Co., Ltd. (“Hangzhou Chengqianqihou”)

 

 

 

 

 

8,750

 

Others

 

 

5,639

 

 

 

8,049

 

 

 

35,026

 

 

 

42,216

 

Total

 

 

81,808

 

 

 

49,971

 

Schedule of Available-for-sale Debt Securities

The following table summarizes, by major security type, the Company’s available-for-sale debt securities as of March 31, 2024 and 2025:

 

As of March 31,

 

 

2024

 

 

2025

 

 

RMB

 

 

RMB

 

Cost

 

 

25,120

 

 

 

8,459

 

Unrealized gains, including foreign exchange adjustment

 

 

21,662

 

 

 

(704

)

Fair Value

 

 

46,782

 

 

 

7,755