v3.26.1
Consolidated Statements of Cash Flows (Unaudited)
¥ in Thousands, $ in Thousands
 6 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2025
CNY (¥)
Sep. 30, 2024
CNY (¥)
Cash flows from operating activities:      
Net (loss)/profit $ 1,312 ¥ 9,354 ¥ (127,317)
Adjustments to reconcile net (loss)/income from operations to net cash used by operating activities:      
Depreciation and amortization 418 2,974 2,973
Amortisation of operating lease right of use assets 76 542
Share-based compensation 107,975
Gain on de registration (307) (2,200)
Reversal of allowance for credit losses (1,282) (9,126)
Reversal of allowances for obsolete inventories (519) (3,693)
Net changes in operating assets and liabilities:      
Accounts receivable (6,334) (45,089) (4,940)
Prepaid expenses and other current assets (136) (965) (18,025)
Note payable 1,124 8,000
Inventories 752 5,350 (1,545)
Accounts payable 6,299 44,841 22,017
Other payables and accrued liabilities 460 3,271 11,479
Government grants (127) (907) (906)
Income taxes payable (59)
Other non-current assets 11 79
Operating lease liabilities (81) (574)
Net cash (used in)/provided by operating activities 1,666 11,868 (8,348)
Cash flows from investing activities:      
Purchase of property and equipment (6) (44)
Net cash used in investing activities (6) (44)
Cash flows from financing activities:      
Proceeds from short-term borrowings 1,882 13,400 8,000
Proceeds from issuance of ordinary shares 25,000 177,975 35,088
Related parties 136 968 6
Repayment of short-term borrowings (1,255) (8,933) (5,952)
Repayment of finance liabilities (300) (2,136)
Net cash provided by financing activities 25,463 181,274 37,142
Effect of exchange rate changes on cash and cash equivalent and restricted cash (975) (9,021) (128)
Net increase in cash and cash equivalent and restricted cash 26,148 184,077 28,666
Cash and cash equivalents and restricted cash at beginning of period 15,050 109,213 77,179
Cash and cash equivalents and restricted cash at end of period 41,198 293,290 105,845
Supplemental disclosures of cash flow information:      
Income taxes paid (refunded)
Interest paid | ¥   1,426
Income taxes paid (refunded) | $ 200    
Cash paid for amounts including in the measurement of lease liabilities:      
Operating cash outflows from operating leases 86 615 2,076
Reconciliation of cash, cash equivalents and restricted cash in unaudited condensed consolidated statements of cash flows      
Restricted cash 500
Cash and cash equivalents 41,198 293,290 105,345
Cash, cash equivalents and restricted cash $ 41,198 ¥ 293,290 ¥ 105,845