v3.26.1
Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2026
CNY (¥)
Mar. 31, 2026
USD ($)
Mar. 31, 2025
CNY (¥)
Mar. 31, 2024
CNY (¥)
Cash flows from operating activities:        
Net loss ¥ (1,884) $ (274) ¥ (58,596) ¥ (68,898)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization expense 1,197 174 5,227 6,355
Provision for inventories obsolescence/(reversal) 358 52 154 (223)
Allowance for expected credit loss/(reversal) 137 20 (332) (116)
Interest expense of other debts 5,974 5,058
Amortization of right-of-use assets 2,690 390 9,502 17,948
Interest of lease liabilities 87 13 318 199
Investment loss (5,928) (859) (61) (1,820)
Share of results of equity investees (242) (35) 22 (50)
Discount on the ordinary shares issued by public offering 5,943
Loss/(gain) on disposal of property and equipment and intangible assets (168) (24) (463) 46
Loss on disposal of other debts (10,435) (1,513) 1,425
Gain/(loss) from disposal of a subsidiary (13,001) (1,885) (49)
Share-based compensation expense 5 1 81 679
Fair value change of derivative liabilities (5) (1) (5,716) 1,034
Deferred tax expense 1,201 174 (801) (907)
Changes in operating assets and liabilities, net of effects of businesses acquired:        
Accounts receivable 2,660 386 21,260 27,179
Inventories 8,166 1,184 15,135 26,540
Prepayments and other current assets (2,053) (297) (26,650) 11,491
Amounts due from related parties 1,409 204 (13,253) 2,413
Operating lease liabilities (2,702) (392) (10,114) (17,977)
Accounts payable (11,254) (1,631) (4,635) (31,501)
Salary and welfare payable (458) (66) (1,056) (3,893)
Accrued liabilities and other current liabilities (320) (46) (4,272) (4,766)
Amounts due to related parties (471)
Contract liabilities 1,062 154 189 (2,892)
Other non-current assets 186 27 1,255 1,825
Net cash used in operating activities (29,292) (4,244) (66,832) (25,428)
Cash flows from investing activities:        
Loan advanced to third parties (2,066) (300) (701) (3,194)
Repayments on loan receivables from third parties 1,214 176 2,898 4,206
Loan advanced to related parties (680) (99) (1,989) (4,779)
Repayments on loan receivables from related parties 230 33 1,952 3,196
Disposal of subsidiaries, net of cash and cash equivalents acquired 10,190 1,477 (37)
Decrease/(increase) in short-term investments, net (4,000) 69,797
Purchase of intangible assets (9) (36)
Purchase of property and equipment (1,060) (154) (3,299) (527)
Proceeds from disposal of property and equipment 211 31 357 213
Deposits to be used in connection with future acquisitions 29,090 (29,090)
Disposal of long-term investments 15,687 2,274 300 8,065
Net cash generated from investing activities 23,726 3,438 24,599 47,814
Cash flows from financing activities:        
Proceeds from short-term and long-term borrowings 19,000 2,754 31,510 15,000
Repayments of short-term and long-term borrowings (12,000) (1,740) (37,660) (86,049)
Proceeds from issuance of other debts, net of issuance costs 9,783 8,786
Repayments of other debts (15,000) (2,175) (10,000) (6,818)
Proceeds from exercise of share option 29
Proceeds from issuance of ordinary shares, net of issuance costs 24,334 3,528 14,517 35,920
Net cash flows (used in) /generated from financing activities 16,334 2,367 8,150 (33,132)
Net (decrease)/ increase in cash and cash equivalents 10,768 1,561 (34,083) (10,746)
Cash and cash equivalents at beginning of year 38,659 5,604 72,722 89,850
Effects of exchange rate changes on cash and cash equivalents 20 (6,382)
Cash and cash equivalents at end of year 49,427 7,165 38,659 72,722
Supplemental schedule of non-cash investing and financing activities:        
Accretion on redeemable non-controlling interests (509) (74) (841) (766)
Unpaid cash consideration for business acquisitions (2,938) (426) (2,938) (2,938)
Additional ASC 842 supplemental disclosure:        
Cash paid for fixed operating lease costs included in the measurement of lease obligations in operating activities 2,702 392 10,114 17,977
Right-of-use assets obtained in exchange for operating lease obligations ¥ 4,369 $ 633 ¥ 3,635 ¥ 4,545