v3.26.1
Accrued expenses and other current liabilities (Tables)
 6 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Payables and Accruals [Abstract]    
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.
               
   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.