XML 29 R8.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2024
CNY (¥)
Mar. 31, 2024
USD ($)
Mar. 31, 2023
CNY (¥)
Cash flows from operating activities:      
Net loss ¥ (62,208) $ (8,768) ¥ (90,022)
Net loss from discontinued operations (28,622) (4,034) (6,439)
Net loss from continuing operations (33,586) (4,734) (83,583)
Adjustments to reconcile net loss from operations to net cash used by operating activities      
Depreciation and amortization 6,736 949 5,769
Allowances for obsolete inventories, net 688 97 (356)
Provision for doubtful account, net 152 21
Share-based compensation and expenses 8,892 1,253 63,656
Loss on disposal of property and equipment 184
Deferred tax (171) (24) (171)
Net changes in operating assets and liabilities:      
Accounts receivable 4,118 580 (27,463)
Prepaid expenses and other current assets (361,724) (50,983) (22,908)
Inventories 4,459 628 17,265
Accounts payable (10,606) (1,495) 18,217
Other payables and accrued liabilities 4,213 594 8,252
Related parties 2,949 416 877
Government grants (2,542) (358) 8,697
Net cash used in operating activities - Continuing operations (376,422) (53,056) (11,023)
Net cash (used in) provided by operating activities - Discontinued operations 246 35 (4,115)
Net cash used in operating activities (376,176) (53,021) (15,138)
Cash flow from investing activities:      
Acquisition of property, plant and equipment (971) (137) (2,593)
Payment for intangible assets (307)
Proceeds from sale of property, plant and equipment 6,500 916  
Net cash (used in) provided by investing activities - Continuing operations 5,529 779 (2,900)
Net cash used in investing activities - Discontinued operations (9) (1)
Net cash (used in) provided by investing activities 5,520 778 (2,900)
Cash flow from financing activities:      
Proceeds from short-term borrowings 60,571 8,537 66,300
Loan received from a shareholder 41,796 5,891 4,010
Repayment of loan from a shareholder (14,200) (2,001) (3,000)
Repayment of short-term borrowings (57,557) (8,112) (48,145)
Repayments of long-term borrowings (7,950) (1,121) (870)
Proceeds from issuance of ordinary shares 350,001 49,331
Payment of capital lease obligation (498) (70)
Net cash provided by financing activities 372,163 52,455 18,295
Effect of exchange rate changes on cash and cash equivalent and restricted cash 3,234 456 4,985
Net increase in cash and cash equivalent and restricted cash 4,741 668 5,242
Cash and cash equivalents and restricted cash at beginning of year 72,434 10,209 67,192
Cash and cash equivalents and restricted cash at end of year 77,175 10,877 72,434
Less: Cash and cash equivalent and restricted cash - Discontinued operations 14
Cash and cash equivalents and restricted cash at end of year - Continuing operations 77,175 10,877 72,420
Supplemental disclosures of cash flow information:      
Income taxes paid (refunded)
Interest paid 3,635 512 4,075
Restricted cash 500 70 500
Cash and cash equivalents 76,675 10,807 71,920
Cash and cash equivalents and restricted cash at end of year - Continuing operations ¥ 77,175 $ 10,877 ¥ 72,420