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Property and Equipment, Net
 12 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

11 PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following:

 

 

As of March 31,

 

 

2023

 

 

2024

 

 

RMB

 

 

RMB

 

 

 

 

 

 

 

 

Building

 

 

191,743

 

 

 

300,909

 

Leasehold improvements

 

 

29,966

 

 

 

30,042

 

Electronic equipment

 

 

9,846

 

 

 

12,587

 

Furniture and office equipment

 

 

5,577

 

 

 

6,001

 

Vehicles

 

 

1,617

 

 

 

2,279

 

Computer software

 

 

3,473

 

 

 

3,473

 

Subtotal

 

 

242,222

 

 

 

355,291

 

Less: accumulated depreciation and amortization

 

 

(47,633

)

 

 

(55,550

)

Property and equipment, net

 

 

194,589

 

 

 

299,741

 

 

Depreciation and amortization expense recognized for the years ended March 31, 2022, 2023 and 2024 were RMB5,396, RMB5,312 and RMB8,091, respectively. No impairment charges were recorded for the years ended March 31, 2022, 2023 and 2024.

On January 29, 2024, the Group entered into a property purchase agreement with a third-party company for another commercial property located in Hangzhou, China with a total consideration of RMB77,739.