v3.26.1
ACCOUNTS RECEIVABLE, NET
 6 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 4 — ACCOUNTS RECEIVABLE, NET

 

   As of
March 31,		   As of
September 30,		 
   2025   2025 
   RMB   RMB 
Accounts receivable   52,845    97,260 
Allowance for credit losses   (52,845)   (46,089)
Accounts receivable, net   -    51,171 

 

The Company analyzed the collectability of accounts receivable based on historical collection and the customers’ intention of payment. As a result of such analysis, the allowance for credit loss was as follows:

 

   2024   2025 
   For the six months ended September 30, 
   2024   2025 
   RMB   RMB 
Balance at beginning of period   293    52,845 
Reversal of allowance for credit losses   -    (6,299)
Foreign currency translation difference   (2)   (457)
Balance at the end of period   291    46,089 

 

As of March 31, 2025 and September 30, 2025, the allowance for credit losses amounted to RMB52.8 million and RMB46.1 million, respectively. The Company determined that the collection of these customers’ receivable is not probable due to financial difficulties experienced by related customers.

 

 

UTIME LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Amounts in thousands, except share data and per share data, or otherwise noted)