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)/income ¥ 3,220 $ 466 ¥ (60,573) ¥ (66,959)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 11,465 1,662 11,606 9,992
Expected credit loss provisions/(reversals) (17) (2) 7,344 2,649
Gains on disposal of property and equipment (10) (1) (241) (118)
Foreign exchange (gain)/loss 1,727 250 183 (46)
Impairment of long-lived assets 0 0 17,953 9,945
Share-based compensation expenses 16 2 839 4,590
Deferred income tax benefit 0 0 0 (1,755)
Loss from investments, net 29,024 4,208 8,487 2,185
Gain on deconsolidation of a subsidiary (36,909) (5,351) 0 0
Fair value changes of crypto assets 3,789 549 0 0
Share of results of equity investees (3,906) (566) 2,548 2,886
Amortization of right-of-use assets and interest on lease liabilities 466 68 1,894 4,085
Changes in operating assets and liabilities:        
Prepayments, receivables and other current assets 4,316 626 27,389 11,174
Short-term investment (63,556) (9,214) (57,071) 0
Loan receivables - service fee 37 5 39 (23)
Inventories (34) (5) 84 46
Amounts due from related parties (193) (28) (342) 31
Other non-current assets 239 35 (25,872) 0
Accounts payable (951) (138) (2,362) (1,317)
Salary and welfare payable 254 37 937 (6,614)
Taxes payable 6,279 910 1,793 (10,065)
Advances from customers 0 0 (150) (38)
Advances to suppliers (617) (89) (141) 920
Amounts due to related parties 2,664 386 (1,864) 1,145
Operating lease liabilities (782) (113) (1,948) (1,961)
Accruals and other current liabilities (3,938) (571) 1,552 (1,213)
Net cash used in operating activities (47,417) (6,874) (67,916) (40,461)
Cash flows from investing activities:        
Prepayment and payment for purchase of property and equipment (4,095) (594) (10,080) (94,156)
Acquisition of crypto assets (8,432) (1,222) 0 0
Purchase of intangible assets 0 0 0 (245)
Dispose of crypto assets 1 0 0 0
Disposal of property and equipment 222 32 380 1,658
Cash received from long-term investments under equity method 150 22 6,136 2,144
Purchase of short-term investments (193,000) (27,979) (360,321) (306,386)
Proceeds from sale of short term investments 359,260 52,082 170,873 390,975
Purchase of gold 0 0 (5,004) 0
Disposal of gold 0 0 54,255 839
Cash paid for long-term investments (102,044) (14,793) (12,243) (15,192)
Cash paid for loan originations (260,101) (37,707) (354,399) (482,257)
Cash received from loan repayments 306,333 44,409 318,473 482,854
Cash paid for loan to investee 0 0 (16,000) 0
Net cash decrease from deconsolidation of a subsidiary (3,397) (493) 0 0
Dispose of long-term investments 4,437 643 0 0
Net cash (used in)/provided by investing activities 99,334 14,400 (207,930) (19,766)
Cash flows from financing activities:        
Proceeds from short-term borrowing 1 0 0 0
Cash received for sale of treasury stock 7 1 0 0
Cash payment for repurchase of ordinary shares (Note 16) 0 0 (822) 0
Net cash (used in)/provided by financing activities 8 1 (822) 0
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash (319) (46) (98) 2,514
Net (decrease)/increase in cash and cash equivalents and restricted cash 51,606 7,481 (276,766) (57,713)
Cash and cash equivalents and restricted cash at beginning of year 82,532 11,965 359,298 417,011
Cash and cash equivalents and restricted cash at end of year 134,138 19,446 82,532 359,298
Supplemental disclosures of cash flow information:        
Cash paid for income taxes (17) (2) (61) (7,470)
Cash paid for interest expenses (11) (2) (1) (191)
Supplemental schedule of non-cash investing and financing activities:        
Payable related to purchase of property and equipment ¥ 178 $ 26 ¥ 15,590 ¥ 14,535