v3.26.1
SCHEDULE OF CASH FLOWS (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2026
USD ($)
Mar. 31, 2026
CNY (¥)
Mar. 31, 2025
CNY (¥)
Mar. 31, 2024
CNY (¥)
CASH FLOW FROM OPERATING ACTIVITIES        
Net loss $ (4,035) ¥ (27,836) ¥ (670,087) ¥ (62,208)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Share-based compensation and expenses 111,034 8,892
Allowance for credit loss, net (2,492) (17,188) 505,754 152
Changes in operating assets and liabilities:        
Inter-company receivable 2,203 15,199 (22,312) 4,118
Prepaid expenses and other current assets (8,667) (59,786) (41,877) (361,724)
Net cash (used in)/provided by operating activities (21,208) (146,288) (39,071) (379,125)
Proceeds from issuance of ordinary shares 46,735 322,379 47,374 350,001
Effect of exchange rate changes on cash and cash equivalent and restricted cash (976) (12,135) 11,818 3,234
Net increase in cash and cash equivalent and restricted cash 22,949 152,902 32,038 4,741
Cash and cash equivalents and restricted cash at beginning of period 15,050 109,213 77,175 72,434
Cash and cash equivalents and restricted cash at end of period $ 37,999 262,100 109,213 77,175
Parent Company [Member]        
CASH FLOW FROM OPERATING ACTIVITIES        
Net loss   (27,836) (670,087) (60,884)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Equity loss of subsidiaries   (28,691) 558,399 50,082
Share-based compensation and expenses   111,034 8,892
Allowance for credit loss, net   25,950
Changes in operating assets and liabilities:        
Inter-company receivable   33,709 10,624 (13,078)
Prepaid expenses and other current assets   (21,203) (21,355) (500)
Inter-company payable   1,186 (3,210) (33,989)
Other payables and accrued liabilities   9,252 (5,058) 25,531
Net cash (used in)/provided by operating activities   (7,633) (19,653) (23,946)
Related-parties   (2,113) (822) 2,901
Loan received from a shareholder   20,546
Proceeds from issuance of ordinary shares   11,724
Effect of exchange rate changes on cash and cash equivalent and restricted cash   9,746 8,752 498
Net increase in cash and cash equivalent and restricted cash   1 (1)
Cash and cash equivalents and restricted cash at beginning of period   2 1 2
Cash and cash equivalents and restricted cash at end of period   ¥ 2 ¥ 2 ¥ 1