v3.26.1
Goodwill
6 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]    
Goodwill

8. Goodwill

 

The changes in the carrying amount of goodwill was as follows:

               
   As of 
   March 31,   September 30, 
   2025   2025 
   RMB   RMB   US$ 
   (Audited)   (Unaudited) 
Goodwill from Dazhika   708,942    708,942    99,584 
Less: impairment            
Goodwill   708,942    708,942    99,584 

 

On November 1, 2024, the Company acquired 100% interests of Hangzhou Dazhika Technology Co., Ltd. (“Dazhika”) from third parties. Dazhika was engaged in providing information technology solutions services to connect consumers and merchants through its e-commercial platform in China. The total consideration was RMB910,000 (US$127,827). The fair value of identifiable net assets acquired was RMB201,058 (US$28,242), resulting in the recognition of RMB708,942 (US$99,584) of goodwill. There was no goodwill impairment loss recognized for the six months ended September 30, 2025 and 2024.

 

9. Goodwill

 

The changes in the carrying amount of goodwill was as follows:

 

               
   As of March 31, 
   2024   2025 
   RMB   RMB   US$ 
Goodwill from Dazhika       708,942    99,584 
Less: impairment            
Goodwill       708,942    99,584 

 

On November 1, 2024, the Company acquired 100% interests of Hangzhou Dazhika Technology Co., Ltd. (“Dazhika”) from third parties. Dazhika was engaged in providing information technology solutions services to connect consumers and merchants through its e-commercial platform in China. The total consideration was RMB910,000 (US$127,827). The fair value of identifiable net assets acquired was RMB201,058 (US$28,242), resulting in the recognition of RMB708,942 (US$99,584) of goodwill. There was no goodwill impairment loss recognized for the year ended March 31, 2025.