XML 24 R7.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Mar. 31, 2023
CNY (¥)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
CNY (¥)
Mar. 31, 2021
CNY (¥)
Cash flows from operating activities:        
Net loss ¥ (186,406,000) $ (27,144) ¥ (642,374,000) ¥ (327,971,000)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 65,304,000 9,509 333,550,000 351,129,000
Provision for/(reversal of) allowance for doubtful accounts 648,000 94 (151,000) 5,615,000
(Gains)/losses on disposal of property and equipment (553,000) (81) 448,000 (1,468,000)
Foreign exchange (gain)/loss 8,547,000 1,245 (1,214,000) (5,574,000)
Goodwill impairment 63,460,000 [1] 9,240 186,504,000 [1] 0
Impairment for intangible assets 21,233,000 3,092 48,890,000 0
Share-based compensation expenses 13,563,000 1,976 12,458,000 26,295,000
Deferred income tax benefit (8,948,000) (1,303) (15,962,000) (4,644,000)
(Gain)/loss from investments, net 19,750,000 2,876 (232,000) (86,497,000)
Share of results of equity investee (883,000) (129) 539,000 (36,000)
Amortization of right-of-use asset and interest on lease liabilities 8,610,000 1,254 0 0
Changes in operating assets and liabilities:        
Prepayments, receivables and other current assets 5,807,000 845 22,157,000 21,184,000
Loan receivables - service fee 511,000 74 1,211,000 51,000
Inventories (64,000) (9) 161,000 2,686,000
Amounts due from related parties (620,000) (90) 141,000 (90,000)
Other non-current assets 0 0 (442,000) (2,627,000)
Accounts payable (9,771,000) (1,423) (1,505,000) 2,857,000
Salary and welfare payable 1,238,000 180 7,839,000 (1,683,000)
Taxes payable 9,785,000 1,425 1,474,000 (4,784,000)
Advances from customers (655,000) (95) 667,000 (26,000)
Amounts due to related parties (498,000) (73) (1,540,000) (5,784,000)
Operating lease liabilities (7,654,000) (1,115) 0 0
Accruals and other current liabilities (12,494,000) (1,817) (67,028,000) (46,564,000)
Net cash used in operating activities (10,090,000) (1,469) (114,409,000) (77,931,000)
Cash flows from investing activities:        
Purchase of property and equipment (18,962,000) (2,761) (55,138,000) (152,648,000)
Purchase of intangible assets 0 0 0 (13,103,000)
Disposal of property and equipment 788,000 115 133,000 1,917,000
Disposal of long-term investment 0 0 5,279,000 104,399,000
Purchase of short-term investments (1,601,149,000) (233,145) (1,783,441,000) (2,077,485,000)
Proceeds from sale of short term investments 1,652,601,000 240,637 1,842,401,000 2,055,608,000
Purchase of gold (36,587,000) (5,327) 0 0
Cash paid for long-term investments (14,847,000) (2,162) (34,564,000) (23,000,000)
Cash received from long-term investments 186,000 27 0 0
Cash paid for loan originations (578,658,000) (84,259) (1,073,006,000) (1,705,401,000)
Cash received from loan repayments 597,236,000 86,964 1,148,415,000 1,713,050,000
Acquisition of subsidiaries, net of cash acquired 0 0 (36,132,000) 0
Net cash (used in)/provided by investing activities 608,000 89 13,947,000 (96,663,000)
Cash flows from financing activities:        
Proceeds from short-term borrowing 618,000 90 10,139,000 0
Repayment of short-term borrowing (11,349,000) (1,653) 0 0
Proceeds from exercise of share options 0 0 0 609,000
Cash payment for repurchase of ordinary shares (Note 17) (1,333,000) (194) (9,689,000) (119,858,000)
Net cash (used in)/provided by financing activities (12,064,000) (1,757) 450,000 (119,249,000)
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash (860,000) (125) (3,455,000) (20,647,000)
Net (decrease)/increase in cash and cash equivalents (22,406,000) (3,262) (103,467,000) (314,490,000)
Cash and cash equivalents and restricted cash at beginning of year 439,417,000 63,984 542,884,000 857,374,000
Cash and cash equivalents and restricted cash at end of year 417,011,000 60,722 439,417,000 542,884,000
Supplemental disclosures of cash flow information:        
Cash paid for income taxes (286,000) (42) (920,000) (13,889,000)
Cash paid for interest (598,000) (87) ¥ (787,000) ¥ 0
Supplemental schedule of non-cash investing and financing activities:        
Paybale related to purchase of property and equipment ¥ 10,450,000 $ 1,522    
[1] Goodwill impairment