v3.25.2
Organization and Principal Activities - Schedule of Amounts and Balances of VIEs Included in Consolidated Financial Statements With Intercompany Transactions Eliminated (Detail)
¥ in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2025
CNY (¥)
Mar. 31, 2025
USD ($)
Mar. 31, 2024
CNY (¥)
Mar. 31, 2023
CNY (¥)
Mar. 31, 2025
USD ($)
Mar. 31, 2022
CNY (¥)
Variable Interest Entity [Line Items]            
Cash and cash equivalents ¥ 82,021   ¥ 358,787   $ 11,303  
Restricted cash 511   511   70  
Short-term investments 297,571   61,312   41,006  
Inventories, net 11   98   2  
Loan receivables, net 31,108   31,564   4,287  
Prepayments, receivables and other current assets 59,208   54,956   8,159  
Due from related party 14,924   11,613      
Property and equipment, net 281,277   299,741   38,761  
Intangible assets, net 718   949   99  
Right-of-use assets 941   2,576   130  
Investments 49,971   81,808   6,886  
Other non-current assets 39,759   45,473   5,479  
Total assets 858,227   938,362   118,267  
Accounts payable 4,500   6,862   620  
Salaries and welfare payable 7,873   6,936   1,085  
Advances from customers 57   207   8  
Taxes payable 3,144   1,285   433  
Current portion of lease liabilities 620   1,888   85  
Accruals and other current liabilities 301,204   299,317   41,507  
Deferred tax liabilities 0   1,299   0  
Total liabilities 321,227   323,908   44,266  
Total shareholders' equity 537,000   614,454 ¥ 671,359 $ 74,001 ¥ 832,155
Other (expense)/income, net 5,093 $ 702 12,784 7,267    
Total (loss)/gain before tax (59,734)   (68,577) (188,389)    
Add: Income tax benefit/(expenses) 839 116 (1,618) (1,983)    
Net (loss)/profit (60,573) (8,347) (66,959) (186,406)    
Net cash used in operating activities (67,916) (9,359) (40,461) (10,090)    
Net cash provided by/(used in) investing activities (207,930) $ (28,654) (19,766) 608    
Related Party            
Variable Interest Entity [Line Items]            
Due from related party 15,131   587      
Revenues 244   185 0    
VIEs and VIEs Subsidiaries            
Variable Interest Entity [Line Items]            
Cash and cash equivalents 45,486   169,039      
Restricted cash 511   511      
Short-term investments 231,247   51,935      
Inventories, net 10   86      
Loan receivables, net 31,108   31,564      
Prepayments, receivables and other current assets 17,770   43,606      
Property and equipment, net 239,855   263,770      
Intangible assets, net 119   176      
Investments 39,625   46,722      
Other non-current assets 39,448   32,000      
Total assets 717,530   710,616      
Accounts payable 356   392      
Salaries and welfare payable 3,013   1,579      
Advances from customers 56   56      
Taxes payable 2,551   1,049      
Accruals and other current liabilities 242,575   246,158      
Total liabilities 1,699,220   1,754,389      
Total shareholders' equity (981,690)   (1,043,773)      
Income from non-operations 32,902   5,952 9,874    
Total (loss)/gain before tax 62,856   (35,288) (82,541)    
Add: Income tax benefit/(expenses) (772)   1,720 8,757    
Net (loss)/profit 62,084   (33,568) (73,784)    
Inter-company payment for service charges [1] (6,068)   (7,625) (4,561)    
Operating activities with external parties 19,211   (15,636) (26,610)    
Net cash used in operating activities 42,969   17,775 83,151    
Net cash provided by/(used in) investing activities (166,522)   (108,068) (37,211)    
Net increase/(decrease) in cash and cash equivalents and restricted cash (123,553)   (90,293) 45,940    
VIEs and VIEs Subsidiaries | Third party [Member]            
Variable Interest Entity [Line Items]            
Other (expense)/income, net 2,056   2,879 4,922    
VIEs and VIEs Subsidiaries | Intercompany [Member]            
Variable Interest Entity [Line Items]            
Other (expense)/income, net [2] 72,600   5,500 17,650    
VIEs and VIEs Subsidiaries | Third Party Costs [Member]            
Variable Interest Entity [Line Items]            
Costs and expenses (101,272)   (92,427) (189,199)    
VIEs and VIEs Subsidiaries | Intercompany Costs [Member]            
Variable Interest Entity [Line Items]            
Costs and expenses [3] (7,473)   (10,954) (13,545)    
VIEs and VIEs Subsidiaries | Related Party            
Variable Interest Entity [Line Items]            
Due from related party 502   587      
Amounts due to subsidiaries 1,581   1,398      
VIEs and VIEs Subsidiaries | Third Party Revenue [Member]            
Variable Interest Entity [Line Items]            
Revenues 49,515   40,617 60,972    
VIEs and VIEs Subsidiaries | Inter Company Revenue [Member]            
Variable Interest Entity [Line Items]            
Revenues 14,528   13,145 26,785    
Non-VIE Subsidiaries            
Variable Interest Entity [Line Items]            
Other operating activities with non-VIE subsidiaries [4] 29,826   41,036 ¥ 114,322    
Non-VIE Subsidiaries | Related Party            
Variable Interest Entity [Line Items]            
Due from related party [5] 71,849   70,620      
Amounts due to subsidiaries [6] ¥ 1,449,088   ¥ 1,503,757      
[1]

Note 5: Inter-company payments for service charges represents the cash paid by the VIEs to the Group’s relevant PRC subsidiaries for technical and consulting services charges in accordance with exclusive consultation and service agreements, all of which have been eliminated in the presentation of Consolidated Statements of Cash flows.

[2]

Note 4: Inter-company other operating income represents the write-off of the amounts among the Group’s non-VIE subsidiaries and the VIEs, all of which have been eliminated in the presentation of Consolidated Statements of Operations and Comprehensive Loss.

[3] Note 3: Inter-company costs and expenses are technical and consulting services fee charged by the Group’s relevant PRC subsidiaries to the VIEs in accordance with exclusive consultation and service agreements, all of which have been eliminated in the presentation of Consolidated Statements of Operations and Comprehensive Loss.
[4]

Note 6: Other operating activities with non-VIE subsidiaries included cash receipts for treasury management purposes and service fees charged by the VIEs to the Group’s non-VIE subsidiaries,all of which have been eliminated in the presentation of Consolidated Statements of Cash flows.

[5]

Note 1: The amount due from non-VIE subsidiaries of the Company as of March 31, 2024 and 2025 mainly represent the receivables of the VIEs due from the Company’s wholly-owned subsidiaries for treasury management purposes and service charges.

[6]

Note 2: The amount due to non-VIE subsidiaries of the Company as of March 31, 2024 and 2025 mainly represent the payables resulting from technical and consulting services fee charged by the Group’s relevant PRC subsidiaries to the VIEs in accordance with exclusive consultation and service agreements.