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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
¥ in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2024
CNY (¥)
¥ / shares
shares
Mar. 31, 2024
USD ($)
$ / shares
shares
Mar. 31, 2023
CNY (¥)
¥ / shares
shares
Mar. 31, 2022
CNY (¥)
¥ / shares
shares
Revenues ¥ 160,344 $ 22,207 ¥ 232,076 ¥ 337,469
Cost of revenues (exclusive of amortization of intangible assets shown separately below, including transactions with related parties of RMB31,813, RMB22,347 and RMB18,155 for the years ended March 31, 2022, 2023 and 2024, respectively) (91,191) (12,629) (113,884) (159,601)
Sales and marketing expenses (67,391) (9,334) (67,709) (148,410)
Research and development expenses (26,724) (3,701) (37,068) (82,641)
General and administrative expenses (55,148) (7,638) (63,445) (79,178)
Amortization of intangible assets (1,901) (263) (59,992) (328,154)
Impairment of goodwill and intangible assets (9,945) (1,377) (84,693) (235,394)
Other income, net 12,784 1,771 7,267 25,427
(Loss)/gain from operations (79,172) (10,964) (187,448) (670,482)
Interest income 12,719 1,762 17,389 13,903
Interest expense (191) (26) (598) 0
Gain/(Loss) from investments, net 953 132 (18,615) 232
Loss before income tax and share of results of equity investee (65,691) (9,096) (189,272) (656,347)
Income tax benefits 1,618 224 1,983 14,512
Share of results of equity method investees (2,886) (400) 883 (539)
Net loss (66,959) (9,272) (186,406) (642,374)
Net loss attributable to non-controlling interests (7,674) (1,063) (8,422) (2,574)
Net loss attributable to MOGU Inc. (59,285) (8,209) (177,984) (639,800)
Other comprehensive (loss)/income:        
Foreign currency translation adjustment, net of nil tax 3,675 509 14,264 (17,400)
Unrealized securities holding gains, net of tax 3,496 484 (884) (10,729)
Total comprehensive loss (59,788) (8,279) (173,026) (670,503)
Total comprehensive loss attributable to non-controlling interests (7,674) (1,063) (8,422) (2,574)
Total comprehensive loss attributable to MOGU Inc. ¥ (52,114) $ (7,216) ¥ (164,604) ¥ (667,929)
Net loss per ordinary share        
Basic | (per share) ¥ (0.02) $ 0 ¥ (0.07) ¥ (0.25)
Diluted | (per share) ¥ (0.02) $ 0 ¥ (0.07) ¥ (0.25)
Weighted average number of shares used in computing net loss per share        
Basic 2,597,764,333 2,597,764,333 2,554,338,579 2,519,948,060
Diluted 2,597,764,333 2,597,764,333 2,554,338,579 2,519,948,060
ADS        
Net loss per ordinary share        
Basic | (per share) ¥ (6.85) $ (0.95) ¥ (20.9) ¥ (76.17)
Diluted | (per share) ¥ (6.85) $ (0.95) ¥ (20.9) ¥ (76.17)
Cost of Revenues        
Share-based compensation expenses included in:        
Share-based compensation expenses ¥ (490) $ (68) ¥ (1,448) ¥ (1,872)
General and Administrative Expenses        
Share-based compensation expenses included in:        
Share-based compensation expenses (3,342) (463) (7,855) (6,789)
Sales and Marketing Expenses        
Share-based compensation expenses included in:        
Share-based compensation expenses (439) (61) (3,398) (3,905)
Research and Development Expenses        
Share-based compensation expenses included in:        
Share-based compensation expenses (319) (44) (862) 108
Commission Revenues        
Revenues 109,742 15,199 147,514 226,742
Marketing Services Revenues        
Revenues 961 133 4,416 17,888
Financing Solutions Revenues        
Revenues 10,267 1,422 12,947 31,852
Technology Services Revenues        
Revenues 33,288 4,610 58,867 46,077
Other Revenues        
Revenues ¥ 6,086 $ 843 ¥ 8,332 ¥ 14,910