v3.26.1
Short-term borrowings (Tables)
12 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of short-term loans
               
   As of March 31, 
   2024   2025 
   RMB   RMB   US$ 
Xiaoshan Rural Commercial Bank (i)   3,000,000         
Zhejiang Mintai Commercial Bank (ii)   2,000,000         
Total   5,000,000         

 

(i)

 

On May 30, 2022, Fit-One entered into a one-year loan agreement with Xiaoshan Rural Commercial Bank of RMB3,000,000 bearing an interest rate of 6.30% per annum. The loan was guaranteed by a third-party entity, Hangzhou Financing Guarantee Group Co. The loan was fully repaid in May 2023.

 

On May 16, 2023, Fit-One entered into a one-year loan agreement with Xiaoshan Rural Commercial Bank of RMB3,000,000 bearing an interest rate of 6.30% per annum. The loan was guaranteed by a third-party entity, Hangzhou Financing Guarantee Group Co. The loan was fully repaid in May 2024.

   
(ii) On November 14, 2022, Fit-One entered into a one-year loan agreement with Zhejiang Mintai Commercial Bank of RMB1,000,000 bearing an interest rate of 7.16% per annum. The loan was guaranteed by Mr. Conggang Chen, Ms. Minghui Liu and Ms. Lianying Zhu. The loan was fully repaid in October 2023.
   
  On October 19, 2023, Fit-One entered into a one-year loan agreement with Zhejiang Mintai Commercial Bank of RMB2,000,000 bearing an interest rate of 6.29% per annum. The loan was guaranteed by Mr. Conggang Chen, Ms. Minghui Liu and Ms. Lianying Zhu. The loan was fully repaid in October 2024.