| Accrued expenses and other current liabilities |
10. Accrued expenses and other current liabilities
The Group’s accrued expenses and other current
liabilities consisted of the following:
| Schedule of accrued expenses
and other current liabilities | |
| | | |
| | | |
| | |
| | |
As of | |
| | |
March 31, | | |
September 30, | |
| | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| | |
(Audited) | | |
(Unaudited) | |
| Accrued credit points for online store consumption (i) | |
| 881,573 | | |
| 4,457,215 | | |
| 626,101 | |
| Accrued payroll and employee benefits | |
| 423,634 | | |
| 729,524 | | |
| 102,476 | |
| Service charge payable related to market promotion of DAKA merchant membership services | |
| 1,403,548 | | |
| 538,197 | | |
| 75,600 | |
| Amount due to third-parties (ii) | |
| 6,226,933 | | |
| 2,403,503 | | |
| 337,618 | |
| Others (iii) | |
| 563,954 | | |
| 336,297 | | |
| 47,239 | |
| Total | |
| 9,499,642 | | |
| 8,464,736 | | |
| 1,189,034 | |
| (i) |
This amount
represents the Company's estimated obligation related to unused customer reward points earned, which primarily consist of "Energy
Beans" and "Daka Points", through qualifying purchases of Moju sports watches and Daka Life sports watches. Energy
Beans are accumulated by Moju sports watch users through physical activities (such as step counts) in-application advertisement engagement,
and successful referrals, and can be redeemed for products in the Company's online Moju Mall. Daka Points are accumulated by Daka
life sports watch users through physical activities, completion of daily mini-program tasks (such as offline store check-ins), consumption
rebates, manual system issuances, direct cash purchases, or conversion from Energy Beans, and can be redeemed for merchandise at
participating local lifestyle stores. The liability is measured based on the expected value of future redemptions, estimated
using historical redemption rates and current point balance.
|
| |
|
| (ii) |
In fiscal year 2025, Fit-One entered into one-year unsecured loan agreements with its business partners of total RMB4,944,503 (US$681,371) with interest-free for its business development purpose. As of September 30, 2025, RMB3,343,315 (US$469,633) has been settled, the outstanding balance as of September 30, 2025 is RMB1,601,188(US$224,918). |
| |
|
| |
In fiscal year 2025, Dazhika entered into one-year unsecured loan agreements with its business partners of total RMB1,282,430 (US$176,724) with interest-free for its business development purpose. As of September 30, 2025, RMB1,080,115 (US$151,723) has been settled. The outstanding balance as of September 30, 2025 is RMB202,315 (US$28,419). |
| |
|
| |
For the six months ended
September 30, 2025, Dazhika (Xiushui) entered into one-year unsecured loan agreements with its business partners of totalling RMB600,000
(US$84,281) which are interest-free for its business development purpose. |
| |
|
| (iii) |
Others mainly represent payable to customers due to order cancellations
before goods or services were delivered. |
|
11.
Accrued expenses and other current liabilities
The Group’s accrued
expenses and other current liabilities consisted of the following:
| Schedule of accrued expenses and other current liabilities | |
| | | |
| | | |
| | |
| | |
As of March 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Accrued credit points for online store consumption (i) | |
| 2,159,093 | | |
| 881,573 | | |
| 123,834 | |
| Accrued payroll and employee benefits | |
| 431,413 | | |
| 423,634 | | |
| 59,508 | |
| Service charge payable related to market promotion of DAKA
merchant membership services | |
| 288,836 | | |
| 1,403,548 | | |
| 197,155 | |
| Amount due to third-parties (ii) | |
| 20,584 | | |
| 6,226,933 | | |
| 874,692 | |
| Others | |
| 159,986 | | |
| 563,954 | | |
| 79,218 | |
| Total | |
| 3,059,912 | | |
| 9,499,642 | | |
| 1,334,407 | |
| (i) |
This amount represents the Company's estimated obligation related to unused customer
reward points earned through qualifying purchases of sports watches. Points are accumulated based on customers' step counts and can
be redeemed for products in the Company's online store. The liability is measured based on the expected value of future redemptions,
estimated using historical redemption rates and current point balances. |
| |
|
| (ii) |
In fiscal year 2025, Fit-One entered into one-year unsecured loan agreements with its business partners
of total RMB4,944,503 (US$694,550) with interest-free for its business development purpose. |
| |
|
| |
In fiscal year 2025, Dazhika entered into one-year unsecured loan agreements with its business partners
of total RMB1,282,430 (US$180,142) with interest-free for its business development purpose. |
|