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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
¥ in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2023
CNY (¥)
¥ / shares
shares
Mar. 31, 2023
USD ($)
$ / shares
shares
Mar. 31, 2022
CNY (¥)
¥ / shares
shares
Mar. 31, 2021
CNY (¥)
¥ / shares
shares
Revenues ¥ 232,076 $ 33,793 ¥ 337,469 ¥ 482,392
Cost of revenues (exclusive of amortization of intangible assets shown separately below, including transactions with related parties of RMB45,757, RMB31,813 and RMB22,347 for the years ended March 31, 2021, 2022 and 2023, respectively) (113,884) (16,583) (159,601) (183,112)
Sales and marketing expenses (67,709) (9,859) (148,410) (229,775)
Research and development expenses (37,068) (5,398) (82,641) (103,474)
General and administrative expenses (63,445) (9,238) (79,178) (103,038)
Amortization of intangible assets (59,992) (8,736) (328,154) (341,802)
Impairment of goodwill and intangible assets (84,693) (12,332) (235,394) 0
Other income, net 7,267 1,058 25,427 49,885
Loss from operations (187,448) (27,295) (670,482) (428,924)
Interest income 17,389 2,532 13,903 19,601
Interest expense (598) (87) 0 0
Gain/(Loss) from investments, net (18,615) (2,711) 232 86,497
Loss before income tax and share of results of equity investee (189,272) (27,561) (656,347) (322,826)
Income tax (expenses)/benefits 1,983 288 14,512 (5,181)
Share of results of equity method investees 883 129 (539) 36
Net loss (186,406) (27,144) (642,374) (327,971)
Net loss attributable to non-controlling interests (8,422) (1,226) (2,574) 0
Net loss attributable to MOGU Inc. (177,984) (25,918) (639,800) (327,971)
Other comprehensive income/(loss):        
Foreign currency translation adjustment, net of nil tax 14,264 2,077 (17,400) (72,993)
Share of other comprehensive loss of equity method investees 0 0 0 0
Unrealized securities holding losses, net of tax (884) (129) (10,729) (31,658)
Total comprehensive loss (173,026) (25,196) (670,503) (432,622)
Total comprehensive loss attributable to non-controlling interests (8,422) (1,226) (2,574) 0
Total comprehensive loss attributable to MOGU Inc. ¥ (164,604) $ (23,970) ¥ (667,929) ¥ (432,622)
Net loss per ordinary share        
Basic | (per share) ¥ (0.07) $ (0.01) ¥ (0.25) ¥ (0.12)
Diluted | (per share) ¥ (0.07) $ (0.01) ¥ (0.25) ¥ (0.12)
Weighted average number of shares used in computing net loss per share        
Basic 2,554,338,579 2,554,338,579 2,519,948,060 2,630,425,361
Diluted 2,554,338,579 2,554,338,579 2,519,948,060 2,630,425,361
ADS        
Net loss per ordinary share        
Basic | (per share) ¥ (20.90) $ (3.04) ¥ (76.17) ¥ (37.41)
Diluted | (per share) ¥ (20.90) $ (3.04) ¥ (76.17) ¥ (37.41)
Cost of Revenues        
Share-based compensation expenses included in:        
Share-based compensation expenses ¥ (1,448) $ (211) ¥ (1,872) ¥ (2,464)
General and Administrative Expenses        
Share-based compensation expenses included in:        
Share-based compensation expenses (7,855) (1,144) (6,789) (14,475)
Sales and Marketing Expenses        
Share-based compensation expenses included in:        
Share-based compensation expenses (3,398) (495) (3,905) (5,416)
Research and Development Expenses        
Share-based compensation expenses included in:        
Share-based compensation expenses (862) (126) 108 (3,940)
Commission Revenues        
Revenues 147,514 21,480 226,742 318,602
Marketing Services Revenues        
Revenues 4,416 643 17,888 71,345
Financing Solutions Revenues        
Revenues 12,947 1,885 31,852 49,285
Technology Services Revenues        
Revenues 58,867 8,572 46,077 28,505
Other Revenues        
Revenues ¥ 8,332 $ 1,213 ¥ 14,910 ¥ 14,655