| Condensed Balance Sheets |
CONDENSED BALANCE SHEETS
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As of March 31, |
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2025 |
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2026 |
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|
|
RMB |
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|
RMB |
|
|
US$
Note 2(f) |
|
Cash and cash equivalents |
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|
954 |
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12,838 |
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1,861 |
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Prepayments, receivables and other current assets |
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34,417 |
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— |
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— |
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Short-term investments |
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2,777 |
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— |
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— |
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Total current assets |
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38,148 |
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12,838 |
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1,861 |
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Non-current assets: |
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Amounts due from subsidiaries, VIEs and VIEs’ subsidiaries |
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1,063,552 |
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1,049,162 |
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152,097 |
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Investments in other investees |
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10,346 |
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11,632 |
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1,686 |
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Total non-current assets |
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1,073,898 |
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1,060,794 |
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153,783 |
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Total assets |
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1,112,046 |
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1,073,632 |
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155,644 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
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Current liabilities: |
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Amounts due to subsidiaries, VIEs and VIEs’ subsidiaries |
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104,015 |
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106,765 |
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15,478 |
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Accruals and other current liabilities |
|
|
967 |
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|
752 |
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|
109 |
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Total current liabilities |
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104,982 |
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107,517 |
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15,587 |
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Non-current liabilities: |
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Investment deficit of subsidiaries, VIEs and VIEs’ subsidiaries |
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498,109 |
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457,991 |
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66,395 |
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Total non-current liabilities |
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498,109 |
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457,991 |
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66,395 |
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Total liabilities |
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603,091 |
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565,508 |
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81,982 |
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As of March 31, |
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2025 |
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2026 |
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|
RMB |
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RMB |
|
|
US$
Note 2(f) |
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SHAREHOLDERS’ EQUITY |
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Class A ordinary shares (US$0.00001 par value; 49,000,000,000 shares authorized as of March 31, 2025 and 2026; 2,436,575,800 and 2,439,349,000 shares issued as of March 31, 2025 and 2026,respectively; 2,148,858,300 and 2,151,753,900 shares outstanding as of March 31, 2025 and 2026,respectively) |
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165 |
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165 |
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24 |
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Class B ordinary shares (US$0.00001 par value; 500,000,000 shares authorized as of March 31, 2025 and 2026; 303,234,004 shares issued and outstanding as of March 31, 2025 and 2026) |
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16 |
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16 |
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2 |
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Treasury stock (US$0.00001 par value; 287,717,500 shares as of March 31, 2025 and 287,595,100 shares as of March 31,2026) |
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(138,269 |
) |
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(138,262 |
) |
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(20,044 |
) |
Additional paid-in capital |
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9,490,093 |
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9,490,109 |
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1,375,777 |
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Statutory reserves |
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6,705 |
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9,462 |
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1,372 |
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Accumulated other comprehensive income |
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72,670 |
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69,975 |
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10,144 |
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Accumulated deficit |
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(8,922,425 |
) |
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(8,923,341 |
) |
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(1,293,613 |
) |
Total MOGU Inc. shareholders’ equity |
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508,955 |
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508,124 |
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73,662 |
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Total liabilities and shareholders’ equity |
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1,112,046 |
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1,073,632 |
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155,644 |
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| Condensed Statements of Operations and Comprehensive Loss |
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
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For the year ended March 31, |
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2024 |
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2025 |
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2026 |
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RMB |
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RMB |
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RMB |
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|
US$
Note 2(f) |
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General and administrative expenses |
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(2,362 |
) |
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(3,183 |
) |
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(2,503 |
) |
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(363 |
) |
Other income/(expense), net |
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3,892 |
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|
885 |
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(3,357 |
) |
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(487 |
) |
Income/(loss) from operations |
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1,530 |
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(2,298 |
) |
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(5,860 |
) |
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(850 |
) |
Interest income |
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— |
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1,984 |
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|
870 |
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|
126 |
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(Loss)/income from subsidiaries, VIEs and VIEs' subsidiaries |
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(60,288 |
) |
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(54,268 |
) |
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6,374 |
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|
924 |
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Loss from investments, net |
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— |
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(8,062 |
) |
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(179 |
) |
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(26 |
) |
(Loss)/income before income tax and share of results of equity method investees |
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(58,758 |
) |
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(62,644 |
) |
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1,205 |
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|
174 |
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Share of results of equity method investees |
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(527 |
) |
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|
87 |
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|
636 |
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|
92 |
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Net (loss)/income |
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(59,285 |
) |
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(62,557 |
) |
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1,841 |
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|
266 |
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Other comprehensive income/(loss): |
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Foreign currency translation adjustments, net of nil tax |
|
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3,675 |
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|
526 |
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(2,695 |
) |
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(391 |
) |
Share of other comprehensive income/(loss) of subsidiaries, VIEs and VIEs’ subsidiaries, net of tax |
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2,276 |
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(1 |
) |
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— |
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— |
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Unrealized securities holding gains/(loss), net of tax |
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1,220 |
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(17,422 |
) |
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— |
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— |
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Total other comprehensive income/(loss) |
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7,171 |
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(16,897 |
) |
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(2,695 |
) |
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(391 |
) |
Total comprehensive loss |
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(52,114 |
) |
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(79,454 |
) |
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(854 |
) |
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|
(125 |
) |
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