v3.26.1
LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES (Tables)
12 Months Ended
Dec. 31, 2025
Financing Receivable, Past Due [Line Items]  
SCHEDULE OF LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES

  

December 31,

2024

  

December 31,

2025

 
   RMB   RMB 
         
Loans recognized as a result of payments under guarantees   7,710    - 
Less: provision for credit losses   (7,710)   - 
Loans recognized   -    - 
SCHEDULE OF MOVEMENT OF PROVISION FOR CREDIT LOSSES

The movement of provision for credit losses for the fiscal year ended March 31, 2024, the nine months ended December 31, 2024 and the year ended December 31, 2025 was as follows:

 

  

For the fiscal

year ended

March 31,

  

For the nine

months ended 

December 31,

  

For the year

ended

December 31,

 
   2024   2024   2025 
   RMB   RMB   RMB 
                
Beginning balance of the period   (10,337)   (7,995)   (7,710)
Reversal of credit losses   1,719    285    463 
Payments from the borrowers or other recoveries   623    -    - 
Write-offs (i)   -    -    7,247 
Ending balance of the period   (7,995)   (7,710)   - 

 

(i)In light of the low receivables collection rate recorded in prior years, the Group fully wrote off loans recognized as a result of payments under the guarantees.
SCHEDULE OF CHANGES IN PROVISION FOR CREDIT LOSSES

The following table explains the changes in the provision of credit losses by grade of monitored credit risk quality indicator as of March 31, 2024, December 31, 2024 and 2025:

 

   Normal   Attention   Secondary   Total 
   RMB   RMB   RMB   RMB 
                 
Balance at March 31, 2023   -    -    (10,337)   (10,337)
Reversal of credit losses   -    -    1,719    1,719 
Payments from the borrowers or other recoveries   -    -    623    623 
Balance at March 31, 2024   -    -    (7,995)   (7,995)
Reversal of credit losses   -    -    285    285 
Balance at December 31, 2024   -    -    (7,710)   (7,710)
Reversal of credit losses   -    -    463    463 
Write-offs   -    -    7,247    7,247 
Balance at December 31, 2025   -    -    -    - 
Loan Recognized as Result of Payment Under Guarantee [Member]  
Financing Receivable, Past Due [Line Items]  
SCHEDULE OF LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES

An aging analysis of loans recognized as result of payments under guarantees was as follows:

 

  

December 31,

2024

  

December 31,

2025

 
   RMB   RMB 
           
Over 12 months   7,710    - 
SCHEDULE OF BALANCE OF LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES MONITORED CREDIT RISK QUALITY INDICATOR

The balance of loans recognized as a result of payments under guarantees by grade of monitored credit risk quality indicator as of December 31, 2024 and 2025 were listed as below:

 

  

December 31,

2024

  

December 31,

2025

 
   RMB   RMB 
         
Normal   -    - 
Attention   -    - 
Secondary   7,710    - 
Loans recognized, net    7,710    -