v3.26.1
Consolidated Balance Sheets (Unaudited)
¥ in Thousands, $ in Thousands
Sep. 30, 2025
USD ($)
Sep. 30, 2025
CNY (¥)
Mar. 31, 2025
CNY (¥)
Current assets      
Cash and cash equivalents $ 41,198 ¥ 293,290 ¥ 109,213
Accounts receivable, net 7,188 51,171
Prepaid expenses and other current assets, net 6,925 49,302 45,535
Inventories 659 4,694 6,351
Total current assets 56,048 399,000 161,665
Non-current assets      
Property and equipment, net 5,153 36,683 39,599
Operating lease right-of-use assets, net 165 1,172 1,714
Finance lease right-of-use assets, net 315 2,246 2,246
Intangible assets, net 27 189 205
Deferred loss on sale-leaseback 74 526 605
Total non-current assets 5,734 40,816 44,369
Total assets 61,782 439,828 206,034
Current liabilities      
Accounts payable 25,754 183,345 138,504
Note payable 1,124 8,000
Short-term borrowings 8,761 62,367 57,600
Current portion of government grants 255 1,812 1,812
Lease liability 359 2,554 4,085
Other payables and accrued liabilities 12,669 90,190 89,350
Current liabilities related to discontinued operation 247 1,752 1,601
Total current liabilities 55,000 391,800 333,739
Non-current liabilities      
Long-term borrowings 801 5,700 6,000
Government grants 228 1,623 2,530
Lease liability - non-current 142 1,014 1,619
Total non-current liabilities 1,171 8,337 10,149
Total non-current liabilities 1,171 8,337 10,149
Total liabilities 56,204 400,101 343,888
Commitments and contingencies
Commitments and contingencies
Shareholder’s equity      
Additional paid-in capital 150,396 1,070,667 732,909
Subscription receivables (22,542) (160,476)
Accumulated deficit (122,100) (869,600) (878,915)
Accumulated other comprehensive income 499 3,569 13,317
Total UTime Limited shareholder's equity 6,307 44,918 (132,663)
Non-controlling interests (729) (5,191) (5,191)
Total shareholders' equity 5,578 39,727 (137,854)
Total liabilities and shareholders' equity 61,782 439,828 206,034
Common Class A [Member]      
Shareholder’s equity      
Ordinary shares value [1] 101 719 26
Common Class B [Member]      
Shareholder’s equity      
Ordinary shares value [1]
Related Party [Member]      
Current assets      
Amount due from related parties 78 555 566
Current liabilities      
Amount due to related parties $ 5,864 ¥ 41,744 ¥ 40,787
[1] On March 31, 2025, the Company effected a 1-for-10 reverse share split of its ordinary shares; on November 11, 2025, the Company completed a 100-for-1 share consolidation of its Class A ordinary shares; and on January 26, 2026, the Company effected a 1-for-5 reverse share split of its Class A ordinary shares. All share and per share information presented in the accompanying condensed consolidated financial statements have been retrospectively adjusted to reflect these share consolidation events.