| SCHEDULE OF OTHER OPERATING INCOME, NET |
SCHEDULE
OF OTHER OPERATING INCOME, NET
| | |
2024 | | |
2024 | | |
2025 | |
| | |
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 | |
| | |
| | |
| | |
| |
| Gains
from derecognition and waiver of operating payables (i) | |
| 10,604 | | |
| 9,703 | | |
| 45,383 | |
| Government
grant (ii) | |
| 6,135 | | |
| 21,511 | | |
| 15,223 | |
| Others | |
| 1,262 | | |
| 463 | | |
| 479 | |
| Total | |
| 18,001 | | |
| 31,677 | | |
| 61,085 | |
| (i) | | The payables derecognized
primarily consist of the waiver of the payable to Webank and certain long-aged payables related to the Company’s certain businesses
carried out in PRC and were ceased in early 2020, resulting in gains of RMB10.6 million, RMB9.7 million and RMB45.4 million recorded
for the fiscal year ended March 31, 2024, the nine months ended December 31, 2024 and the year ended December 31, 2025, respectively.
As of December 31, 2025, the remaining payables related to the Company’s divested business was amounted to RMB63.6 million. The
derecognition of the remaining payables is subject to certain conditions to be met including those under the relevant PRC laws and regulations. |
| (ii) | | During
the year ended December 31, 2025, the Company received several cash-based government subsidies which are primarily intended to support
the business operations in the Hefei and Xi’an superstore. All conditions associated with these subsidies have been satisfied,
and the cash received does not need to be refunded under any circumstances. The Company recorded these subsidies under “Other operating
income, net” in the Consolidated Statements of Comprehensive Loss. |
|