v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2025
CNY (¥)
Mar. 31, 2025
USD ($)
Mar. 31, 2024
CNY (¥)
Mar. 31, 2023
CNY (¥)
Cash flows from operating activities:        
Net loss ¥ (60,573) $ (8,347) ¥ (66,959) ¥ (186,406)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 11,606 1,599 9,992 65,304
Expected credit loss expense 7,344 1,012 2,649 648
Gains on disposal of property and equipment (241) (33) (118) (553)
Foreign exchange loss/(gain) 183 25 (46) 8,547
Goodwill impairment 0 0 0 63,460
Impairment of long-lived assets 17,953 2,474 9,945 21,233
Share-based compensation expenses 839 116 4,590 13,563
Deferred income tax benefit (0) 0 (1,755) (8,948)
Loss from investments, net 8,487 1,170 2,185 19,750
Share of results of equity investee 2,548 351 2,886 (883)
Amortization of right-of-use assets and interest on lease liabilities 1,894 261 4,085 8,610
Changes in operating assets and liabilities:        
Prepayments, receivables and other current assets 27,389 3,774 11,174 5,807
Short-term investment (57,071) (7,864) 0 0
Loan receivables - service fee 39 5 (23) 511
Inventories 84 12 46 (64)
Amounts due from related parties (342) (47) 31 (620)
Other non-current assets (25,872) (3,567) 0 0
Accounts payable (2,362) (325) (1,317) (9,771)
Salary and welfare payable 937 129 (6,614) 1,238
Taxes payable 1,793 247 (10,065) 9,785
Advances from customers (150) (21) (38) (655)
Advances to suppliers (141) (19) 920 0
Amounts due to related parties (1,864) (257) 1,145 (498)
Operating lease liabilities (1,948) (268) (1,961) (7,654)
Accruals and other current liabilities 1,552 214 (1,213) (12,494)
Net cash used in operating activities (67,916) (9,359) (40,461) (10,090)
Cash flows from investing activities:        
Prepayment and payment for purchase of property and equipment (10,080) (1,389) (94,156) (18,962)
Purchase of intangible assets 0 0 (245) 0
Disposal of property and equipment 380 52 1,658 788
Cash received from long-term investments 6,136 846 2,144 186
Purchase of short-term investments (360,321) (49,654) (306,386) (1,601,149)
Proceeds from sale of short term investments 170,873 23,547 390,975 1,652,601
Purchase of gold (5,004) (690) 0 (36,587)
Disposal of gold 54,255 7,477 839 0
Cash paid for long-term investments (12,243) (1,687) (15,192) (14,847)
Cash paid for loan originations (354,399) (48,837) (482,257) (578,658)
Cash received from loan repayments 318,473 43,886 482,854 597,236
Cash paid for loan to investee (16,000) (2,205) 0 0
Net cash provided by/(used in) investing activities (207,930) (28,654) (19,766) 608
Cash flows from financing activities:        
Proceeds from short-term borrowing 0 0 0 618
Repayment of short-term borrowing 0 0 0 (11,349)
Cash payment for repurchase of ordinary shares (Note 16) (822) (113) 0 (1,333)
Net cash used in financing activities (822) (113) 0 (12,064)
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash (98) (14) 2,514 (860)
Net decrease in cash and cash equivalents and restricted cash (276,766) (38,140) (57,713) (22,406)
Cash and cash equivalents and restricted cash at beginning of year 359,298 49,513 417,011 439,417
Cash and cash equivalents and restricted cash at end of year 82,532 11,373 359,298 417,011
Supplemental disclosures of cash flow information:        
Cash paid for income taxes (61) (8) (7,470) (286)
Cash paid for interest expenses (1) 0 (191) (598)
Supplemental schedule of non-cash investing and financing activities:        
Payable related to purchase of property and equipment ¥ 15,590 $ 2,148 ¥ 14,535 ¥ 10,450