Accounts receivable, net consist of the following: | | | September 30,
2025 | | | March 31,
2026 | | | | | RMB | | | RMB | | | | | (audited) | | | (unaudited) | | | Accounts receivable | | | 23,496 | | | | 23,003 | | | Less: Allowance for credit losses | | | 41 | | | | 261 | | | Total accounts receivable, net | | | 23,455 | | | | 22,742 | | Movements of allowance for credit losses are as follows: | | | September 30,
2025 | | | March 31,
2026 | | | | | RMB | | | RMB | | | | | (audited) | | | (unaudited) | | | Opening balance | | | 191 | | | | 41 | | | Write offs | | | (150 | ) | | | — | | | Allowance for expected losses | | | — | | | | 220 | | | Ending balance | | | 41 | | | | 261 | |
|