NOTE
6 — INVENTORIES
SCHEDULE OF INVENTORIES
| | |
As
of
March 31, | | |
As
of
September 30, | |
| | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | |
| Raw materials | |
| 10,474 | | |
| 12,793 | |
| Work in progress | |
| 2,941 | | |
| 1,777 | |
| Finished goods | |
| 13,712 | | |
| 7,193 | |
| Total inventory, gross | |
| 27,127 | | |
| 21,763 | |
| Inventory
reserve | |
| (20,776 | ) | |
| (17,069 | ) |
| Total
inventory, net | |
| 6,351 | | |
| 4,694 | |
The
Company analyzed the valuation of inventory and disposed of obsolete inventories. As a result of such analysis, the movement of
inventory reserve was as follows:
SCHEDULE OF INVENTORY RESERVE
| | |
Six
months ended
September 30, | | |
Six
months ended
September 30, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | |
| Balance at beginning of year | |
| 11,026 | | |
| 20,776 | |
| Reversal of allowance for obsolete inventories | |
| - | | |
| (3,693 | ) |
| Foreign currency translation
difference | |
| (112 | ) | |
| (14 | ) |
| Balance at the end
of year | |
| 10,914 | | |
| 17,069 | |
|