v3.26.1
SEGMENT INFORMATION
12 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 15 — SEGMENT INFORMATION

 

   2024   2025   2026 
   Year ended March 31, 
   2024   2025   2026 
   RMB   RMB   RMB 
Revenue   172,156    250,997    196,385 
Cost of sales   163,286    243,913    194,417 
                
Selling expenses               
-Payroll and welfare expenses   2,168    2,196    830 
-Entertainment expenses   1,034    301    475 
-Other   3,154    4,531    412 
                
General and administrative expenses               
-Payroll and welfare expenses   6,001    5,317    2,749 
-Professional service expenses   4,055    8,700    4,514 
-Share based compensation expenses   8,892    111,034    - 
-Research and development expenses   21,132    9,457    5,368 
-Other   631    3,083    12,522 
                
Other (income)/expenses, net   (8,057)   527,088    (3,046)
                
Interest expenses   3,617    3,927    5,980 
                
Income tax benefits   (171)   (59)   - 
                
Net loss   (33,586)   (668,491)   (27,836) 

 

The Company’s sales breakdown based on location of customers is as follows:

 

           2025   2026 
   

Year ended March 31,

 
    2024    2025   2026 
    RMB    RMB   RMB 
Mainland China     106,216     187,842    186,589 
Hong Kong     -     36,482    2,211 
Africa     21,478     11,278    1,514 
The United States     15,415     3,772    1,008 
Others     29,047     11,623    5,063 
Total     172,156     250,997    196,385 

 

The location of the Company’s long(lived assets is as follows:

 

   2025   2026 
   As of March 31, 
   2025   2026 
   RMB   RMB 
PRC   44,369    37,365 
Total   44,369    37,365 

 

Pursuant to ASC 280-10-50-41, the other non-current assets of RMB nil and RMB nil, and the intangible assets, net of RMB nil and RMB 0.1 million were excluded from long-lived assets as of March 31, 2025 and 2026 respectively.

 

 

UTIME LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Amounts in thousands, except share data and per share data, or otherwise noted)