v3.26.1
LEASE LIABILITIES (Tables)
6 Months Ended
Sep. 30, 2025
Lease Liabilities  
SCHEDULE OF LEASE EXPENSE

The components of the Company’s lease expense are as follows:

 

   2024   2025 
   Six months ended September 30, 
   2024   2025 
   RMB   RMB 
         
Operating lease cost   1,723    1,172 
Lease cost   1,723    1,172 

 

 

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

 

NOTE 8 — LEASE LIABILITIES (cont.)

 

Supplemental cash flow information related to operating leases was as follows for the six months ended September 30, 2024 and 2025:

 

   2024   2025 
  

Six months ended September 30,

 
   2024   2025 
   RMB   RMB 
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash outflow from operating leases   2,076    615 
 

The weighted average remaining lease terms and discount rates for all of its operating leases were as follows as of March 31, 2025 and September 30, 2025:

 

   As of
March 31,
   As of
September 30,
 
   2025   2025 
   RMB   RMB 
Remaining lease term and discount rate:          
Weighted average remaining lease term (years)   2.20    1.71 
Weighted average discount rate   3.45%   3.45%
 
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of its lease liabilities for all operating leases are as follows as of September 30, 2025:

 

   As of
September 30, 2025
 
   RMB 
Six months ended March 31, 2026   614 
Year ended March 31, 2027 and after   1,462 
Total lease payments   2,076 
Less: Interest   (62)
Present value of lease liabilities   2,014 
Less: Current portion, record in current liabilities   (1,160)
Non-current portion of lease liabilities   854 
SCHEDULE OF MINIMUM LEASE PAYMENTS

The future minimum lease payments of the capital lease as of September 30, 2025 were as follows:

 

September 30,  Amount 
2026   1,448 
2027   78 
2028   78 
2029   26 
Less: unearned discount   (76)
 Total   1,554 
Less: Current portion lease liability   (1,394)
Non-current portion of lease liability  $160