FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 31, 2022

FAIR VALUE MEASUREMENTS

Schedule of financial assets and liabilities measured and recorded at fair value on recurring basis

The following table summarizes the Company’s financial assets and liabilities measured and recorded at fair value on recurring basis as of March 31, 2022:

	March 31, 2022
	Active market		Observable input		Non-observable input
	(Level 1)		(Level 2)		(Level 3)		Total
	RMB		RMB		RMB		RMB
Assets:
Forward contract assets		—		—		36		36
Liabilities:
Warrant liabilities		—		—		196,390		196,390