| ACCOUNTS RECEIVABLE, NET |
5. ACCOUNTS RECEIVABLE, NET Accounts receivable, net comprised the following: | | | September 30 | | | As of March 31， | | | | | 2025 | | | 2026 | | | 2026 | | | | | RMB | | | RMB | | | US$ | | | Accounts receivable | | | 32,092,210 | | | | 15,263,803 | | | | 2,212,787 | | | Allowance for credit losses | | | (15,161,334 | ) | | | (9,074,916 | ) | | | (1,315,587 | ) | | Total | | | 16,930,876 | | | | 6,188,887 | | | | 897,200 | | | Allowance for credit losses, net consists of the following: | | | | | | | | | | | | | | Beginning balance | | | 11,041,825 | | | | 15,161,334 | | | | 2,197,932 | | | Allowance for credit losses | | | 9,343,225 | | | | (6,086,418 | ) | | | (882,345 | ) | | Written-off | | | (5,223,716 | ) | | | - | | | | - | | | Ending balance | | | 15,161,334 | | | | 9,074,916 | | | | 1,315,587 | |
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