| Condensed Balance Sheets |
CONDENSED BALANCE SHEETS
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As of March 31, |
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2024 |
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|
2025 |
|
|
|
RMB |
|
|
RMB |
|
|
US$
Note 2(f) |
|
Cash and cash equivalents |
|
|
1,875 |
|
|
|
954 |
|
|
|
131 |
|
Prepayments, receivables and other current assets |
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|
50 |
|
|
|
34,417 |
|
|
|
4,743 |
|
Short-term investments |
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— |
|
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2,777 |
|
|
|
383 |
|
Total current assets |
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1,925 |
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38,148 |
|
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5,257 |
|
Non-current assets: |
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Amounts due from subsidiaries |
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1,091,375 |
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1,063,552 |
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146,561 |
|
Investments in other investees |
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35,086 |
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10,346 |
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1,426 |
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Total non-current assets |
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1,126,461 |
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1,073,898 |
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147,987 |
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Total assets |
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1,128,386 |
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1,112,046 |
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153,244 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
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Current liabilities: |
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Amounts due to subsidiaries |
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104,015 |
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104,015 |
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14,334 |
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Accruals and other current liabilities |
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|
879 |
|
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|
967 |
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|
|
133 |
|
Total current liabilities |
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104,894 |
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|
104,982 |
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|
14,467 |
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Non-current liabilities: |
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Investment deficit of subsidiaries |
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433,800 |
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498,109 |
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68,641 |
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Deferred tax liabilities |
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1,299 |
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— |
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— |
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Total non-current liabilities |
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435,099 |
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498,109 |
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68,641 |
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Total liabilities |
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539,993 |
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603,091 |
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83,108 |
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As of March 31, |
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2024 |
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2025 |
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|
RMB |
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RMB |
|
|
US$
Note 2(f) |
|
SHAREHOLDERS’ EQUITY |
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Class A ordinary shares (US$0.00001 par value; 49,000,000,000 shares authorized as of March 31, 2024 and 2025; 2,433,963,400 and 2,436,575,800 shares issued as of March 31, 2024 and 2025,respectively; 2,161,569,300 and 2,148,858,300 shares outstanding as of March 31, 2024 and 2025,respectively) |
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165 |
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|
165 |
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23 |
|
Class B ordinary shares (US$0.00001 par value; 500,000,000 shares authorized as of March 31, 2024 and 2025; 303,234,004 shares issued and outstanding as of March 31, 2024 and 2025) |
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16 |
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16 |
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2 |
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Treasury stock (US$0.00001 par value; 272,394,100 and 287,717,500 shares as of March 31,2024 and 2025, respectively) |
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(137,446 |
) |
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(138,269 |
) |
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(19,054 |
) |
Additional paid-in capital |
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9,489,254 |
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9,490,093 |
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1,307,770 |
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Statutory reserves |
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3,331 |
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6,705 |
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|
924 |
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Accumulated other comprehensive income |
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89,567 |
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72,670 |
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|
10,014 |
|
Accumulated deficit |
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(8,856,494 |
) |
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(8,922,425 |
) |
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(1,229,543 |
) |
Total MOGU Inc. shareholders’ equity |
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588,393 |
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508,955 |
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70,136 |
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Total liabilities and shareholders’ equity |
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1,128,386 |
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1,112,046 |
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153,244 |
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| Condensed Statements of Operations and Comprehensive Loss |
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
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For the year ended March 31, |
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2023 |
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2024 |
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2025 |
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RMB |
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RMB |
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|
RMB |
|
|
US$
Note 2(f) |
|
General and administrative expenses |
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(3,249 |
) |
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(2,362 |
) |
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(3,183 |
) |
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(439 |
) |
Amortization of intangible assets |
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(49,957 |
) |
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|
— |
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— |
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— |
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Other (expense)/income, net |
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(78,030 |
) |
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3,892 |
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|
885 |
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|
122 |
|
(Loss)/gain from operations |
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(131,236 |
) |
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|
1,530 |
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(2,298 |
) |
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|
(317 |
) |
Interest income |
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— |
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— |
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1,984 |
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|
274 |
|
Loss from subsidiaries, VIEs and VIEs’subsidiaries |
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(38,453 |
) |
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(60,288 |
) |
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(54,268 |
) |
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(7,478 |
) |
Loss from investments, net |
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(16,816 |
) |
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— |
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(8,062 |
) |
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(1,111 |
) |
Loss before income tax and share of results of equity investee |
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(186,505 |
) |
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(58,758 |
) |
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(62,644 |
) |
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(8,632 |
) |
Share of results of equity investee |
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|
99 |
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(527 |
) |
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|
87 |
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|
12 |
|
Net loss |
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(186,406 |
) |
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(59,285 |
) |
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(62,557 |
) |
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(8,620 |
) |
Other comprehensive income/(loss): |
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Foreign currency translation adjustments, net of nil tax |
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14,264 |
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3,675 |
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|
526 |
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|
72 |
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Share of other comprehensive (loss)/income of subsidiaries, VIEs and VIEs’ subsidiaries, net of tax |
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(1,761 |
) |
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2,276 |
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(1 |
) |
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— |
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Unrealized securities holding gains/(loss), net of tax |
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|
877 |
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1,220 |
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(17,422 |
) |
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(2,401 |
) |
Total other comprehensive income/(loss) |
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13,380 |
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7,171 |
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(16,897 |
) |
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(2,329 |
) |
Total comprehensive loss |
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(173,026 |
) |
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(52,114 |
) |
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(79,454 |
) |
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(10,949 |
) |
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| Condensed Statements of Cash Flows |
CONDENSED STATEMENTS OF CASH FLOWS
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For the year ended March 31, |
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2023 |
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2024 |
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|
2025 |
|
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|
RMB |
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|
RMB |
|
|
RMB |
|
|
US$
Note 2(f) |
|
Net cash used in operating activities |
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(1,712 |
) |
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(10,577 |
) |
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(4,107 |
) |
|
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(566 |
) |
Net cash provided by/(used in) investing activities |
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13,364 |
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(2,216 |
) |
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|
4,008 |
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|
552 |
|
Net cash used in financing activities |
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(1,333 |
) |
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|
— |
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(822 |
) |
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(113 |
) |
Net increase/(decrease) in cash and cash
equivalents |
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10,319 |
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(12,793 |
) |
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(921 |
) |
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(127 |
) |
Cash and cash equivalents at beginning of year |
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4,349 |
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|
14,668 |
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|
1,875 |
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|
258 |
|
Cash and cash equivalents at end of year |
|
|
14,668 |
|
|
|
1,875 |
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|
954 |
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|
131 |
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|