BORROWINGS

12 Months Ended

Mar. 31, 2022

SHORT-TERM AND LONG TERM BORROWINGS

BORROWINGS

9. BORROWINGS

The following table presents borrowings from commercial banks or other institutions as of March 31, 2021 and 2022.

	March 31, 2021			March 31, 2022
	RMB			RMB
Long-term borrowings:		312,560			233,000
Minus: current portion of long-term borrowings		(79,560	)		(233,000	)
		233,000			—

A total of RMB233.0 million long-term borrowing with interest rate of 5.0% per annum will be due on December 15, 2022.

The weighted average interest rate for the outstanding borrowings was approximately 5.9% and 5.0% as of March 31, 2021 and 2022, respectively.