| Schedule of Operating Leases |
All of the Company’s leases qualify as operating leases. | | | As of March 31, | | | As of
March 31, | | | | | 2025 | | | 2026 | | | | | RMB | | | RMB | | | | | | | | | | | Assets | | | | | | | | Operating lease right-of-use assets | | | 3,084 | | | | 3,739 | | | | | | | | | | | | | Liabilities | | | | | | | | | | Operating lease liabilities, current | | | 1,714 | | | | 1,070 | | | Operating lease liabilities, non-current | | | 851 | | | | 2,273 | | | Total operating lease liabilities | | | 2,565 | | | | 3,343 | | | Weighted average remaining lease term (years) | | | 1.42 | | | | 2.91 | | | Weighted average discount rate | | | 4.59 | % | | | 3.35 | % |
Information
related to operating lease activity during the years ended March 31, 2024, 2025 and 2026 are as follows:
| | |
Year ended
March 31,
2024 | | |
Year ended
March 31,
2025 | | |
Year ended
March 31,
2026 | |
| | |
RMB | | |
RMB | | |
RMB | |
| | |
| | |
| | |
| |
| Operating lease right-of-use assets obtained in exchange for lease obligations | |
4,545 | | |
3,635 | | |
4,369 | |
| | |
| | | |
| | | |
| | |
| Operating lease related expenses | |
| | | |
| | | |
| | |
| Amortization of right-of-use assets | |
| 17,948 | | |
| 9,502 | | |
| 2,690 | |
| Interest of lease liabilities | |
| 199 | | |
| 318 | | |
| 87 | |
| | |
| 18,147 | | |
| 9,820 | | |
| 2,777 | |
| | |
Year ended
March 31,
2024 | | |
Year ended
March 31,
2025 | | |
Year ended
March 31,
2026 | |
| | |
RMB | | |
RMB | | |
RMB | |
| | |
| | |
| | |
| |
| Operating lease payments (included in measurement of lease liabilities) | |
| 17,977 | | |
| 10,114 | | |
| 2,702 | |
|
| Schedule of Maturities of Lease Liabilities |
Maturities
of lease liabilities were as follows:
| | |
Year ended
March 31,
2026 | |
| | |
RMB | |
| For the year ending March 31, | |
| |
| 2027 | |
| 1,441 | |
| 2028 | |
| 1,147 | |
| 2029 | |
| 1,055 | |
| 2030 and thereafter | |
| 154 | |
| Total lease payments | |
| 3,797 | |
| Less: imputed interest | |
| (454 | ) |
| Total | |
| 3,343 | |
|