v3.26.1
UNAUDITED CONSOLIDATED BALANCE SHEETS
Sep. 30, 2025
USD ($)
Sep. 30, 2025
CNY (¥)
Mar. 31, 2025
USD ($)
Mar. 31, 2025
CNY (¥)
Mar. 31, 2024
CNY (¥)
Current assets:          
Cash and cash equivalents $ 196,046 ¥ 1,395,651 $ 82,203 ¥ 585,202 ¥ 15,642,560
Short-term investment 0 0 2,247,507 16,000,000
Inventories 9,973 71,001 88,890 632,810 336,922
Amounts due from related parties 63,071 449,000 188,088 1,339,000 126,400
Prepayments and other current assets, net 1,021,811 7,274,273 344,730 2,454,136 9,331,891
Total current assets 1,290,901 9,189,925 2,951,418 21,011,148 25,437,773
Non-current assets:          
Property and equipment, net 182,462 1,298,950 75,014 534,026 546,463
Operating lease right of use assets 1,073,688 7,643,582 932,314 6,637,141 5,469,166
Deferred offering cost 826,826 5,886,177 531,206 3,781,659 1,599,851
Goodwill 99,584 708,942 99,584 708,942 0
Total non-current assets 2,471,334 17,593,435 1,638,118 11,661,768 7,615,480
Total assets 3,762,235 26,783,360 4,589,536 32,672,916 33,053,253
Current liabilities:          
Short-term borrowings     0 0 5,000,000
Accounts payable 1,081 7,694 823 5,856 0
Advance from customers 1,215,199 8,651,000 1,475,309 10,502,722 27,893,632
Taxes payable 1,936,044 13,782,699 1,462,780 10,413,532 4,383,897
Amounts due to related parties 1,199,385 8,538,422 2,824,796 20,109,722 19,173,936
Operating lease liabilities, current 248,688 1,770,413 254,821 1,814,071 1,081,370
Accrued expenses and other current liabilities 1,189,034 8,464,736 1,334,407 9,499,642 3,059,912
Total current liabilities 5,789,431 41,214,964 7,352,936 52,345,545 60,592,747
Non-current liabilities:          
Operating lease liabilities, non-current 921,291 6,558,669 751,050 5,346,727 4,859,692
Total non-current liabilities 921,291 6,558,669 751,050 5,346,727 4,859,692
Total liabilities 6,710,722 47,773,633 8,103,986 57,692,272 65,452,439
Shareholders’ deficit:          
Common stock value 5,000 36,102 5,000 36,102 36,102
Subscription receivable (5,000) (36,102) (5,000) (36,102) (36,102)
Additional paid-in capital 1,456,665 10,370,000 1,404,692 10,000,000 9,955,000
Accumulated deficit (4,385,832) (31,222,736) (4,888,353) (34,800,182) (42,354,186)
Total Mingde Technology Limited's shareholders' deficit (2,929,167) (20,852,736) (3,483,661) (24,800,182) (32,399,186)
Non-controlling interests (19,320) (137,537) (30,789) (219,174) (0)
Total shareholders’ deficit (2,948,487) (20,990,273) (3,514,450) (25,019,356) (32,399,186)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT 3,762,235 26,783,360 $ 4,589,536 32,672,916 ¥ 33,053,253
Deferred tax assets, net $ 288,774 ¥ 2,055,784   ¥ 0