v3.26.1
Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Mar. 31, 2026
USD ($)
Mar. 31, 2026
CNY (¥)
Mar. 31, 2025
CNY (¥)
Current assets      
Cash and cash equivalents $ 37,957 ¥ 261,827 ¥ 109,213
Restricted cash 42 288
Accounts receivable, net 266 1,837
Prepaid expenses and other current assets, net 15,369 106,027 45,535
Inventories 556 3,832 6,351
Prepaid tax 443 3,054
Total current assets 59,401 409,752 161,665
Non-current assets      
Property, plant and equipment, net 4,957 34,196 39,599
Operating lease right-of-use assets, net 130 900 1,714
Finance lease right-of-use assets, net 241 1,660 2,246
Intangible assets, net 25 174 205
Deferred loss on sale-leaseback 63 435 605
Total non-current assets 5,416 37,365 44,369
Total assets 64,817 447,117 206,034
Current liabilities      
Accounts payable 14,656 101,097 138,504
Short-term borrowings 8,388 57,860 57,600
Current portion of long-term borrowings 783 5,400
Current portion of government grants 263 1,812 1,812
Lease liabilities 174 1,203 4,085
Other payables and accrued liabilities 10,700 73,810 89,350
Current liabilities related to discontinued operations 252 1,726 1,601
Total current liabilities 42,040 289,982 333,739
Non-current liabilities      
Long-term borrowings 722 4,980 6,000
Government grants 104 717 2,530
Due to related party 1,906 13,150
Lease liabilities - non-current 60 416 1,619
Total non-current liabilities 2,792 19,263 10,149
Total liabilities 44,832 309,245 343,888
Commitments and contingencies
Shareholders’ equity      
Additional paid-in capital 174,684 1,204,970 732,909
Subscription receivables (22,542) (155,495)
Accumulated deficit (131,451) (906,751) (878,915)
Accumulated other comprehensive income (799) (5,500) 13,317
Total UTime Limited shareholder's equity 20,738 143,063 (132,663)
Non-controlling interests (753) (5,191) (5,191)
Total shareholders' equity 19,985 137,872 (137,854)
Total liabilities and shareholders' equity 64,817 447,117 206,034
Common Class A [Member]      
Shareholders’ equity      
Ordinary shares value 846 5,839 26
Common Class B [Member]      
Shareholders’ equity      
Ordinary shares value [1]
Related Party [Member]      
Current assets      
Due from related parties 4,768 32,887 566
Current liabilities      
Due to related parties 6,803 46,928 40,787
Interest payable to related party $ 21 146
Non-current liabilities      
Due to related party   ¥ 13,150
[1] On March 31, 2025, the Company effected a 10-for-1 consolidation of its ordinary shares; on November 21, 2025, the Company completed a 100-for-1 share consolidation of its Class A ordinary shares; on February 17, 2026, the Company effected a 5-for-1 sconsolidation of its ordinary shares; and on June 22, 2026, the Company effected a 10-for-1 consolidation of its ordinary shares. All share and per share information presented in the accompanying condensed consolidated financial statements have been retrospectively adjusted to reflect these share consolidation events.