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Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2021
USD ($)
Mar. 31, 2021
CNY (¥)
Mar. 31, 2020
CNY (¥)
Mar. 31, 2019
CNY (¥)
Cash flows from operating activities:        
Net loss $ (29,489) ¥ (193,216) ¥ (175,933) ¥ (231,526)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization expense 1,081 7,083 4,588 3,172
Provision for inventories (1) (8) 273 527
Provision for doubtful accounts (16) (107) 271 92
Interest expense of other debts 3,298 21,611 53,934 17,077
Interest receivable for issuance of ordinary shares (2,350) (15,394)    
Amortization of right-of-use assets 1,784 11,687 15,708 17,919
Interest of lease liabilities 244 1,596 1,353 1,636
Share of results of equity investees 20 131 520 (91)
Loss on disposal of property and equipment 3 20 31 67
Gain on disposal of other debts (1,045) (6,846) (10,095)  
Gain from the re-measurement of the previously held equity interest to the fair value in the business acquisition     (481)  
Share-based compensation expense 8,398 55,022    
Fair value change of derivative liabilities (1,735) (11,369) (13,345) 2,274
Deferred tax expense (288) (1,889) (661) (141)
Changes in operating assets and liabilities, net of effects of businesses acquired:        
Accounts receivable (134) (880) (16,010) (10,543)
Inventories (5,928) (38,839) 15,486 14,453
Prepayments and other current assets (7,456) (48,853) 3,331 (430)
Amounts due from related parties (406) (2,663) (1,944) 13,326
Operating lease liabilities (1,961) (12,850) (18,183) (19,284)
Accounts payable (3,362) (22,029) (19,535) (15,750)
Salary and welfare payable 384 2,518 355 (1,527)
Accrued liabilities and other current liabilities 100 667 574 916
Amounts due to related parties 162 1,062 (105) (2)
Contract liabilities (798) (5,229) 1,887 2,585
Other non-current assets 1,723 11,289 (7,931) (974)
Net cash used in operating activities (37,772) (247,486) (165,912) (206,224)
Cash flows from investing activities:        
Loans receivables advanced to a third party (7,539) (49,392) (37,671) (11,907)
Repayments on loans receivables from a third party 6,836 44,790 12,013 2,500
Loans receivables advanced to a related party (735) (4,814)    
Acquisition of subsidiaries, net of cash and cash equivalents acquired     1,783 (893)
Increase in short-term investments (25,725) (168,546)    
Purchase of intangible assets     (2) (34)
Purchase of property and equipment (993) (6,509) (1,204) (2,019)
Disposal of property and equipment 1 4 5 286
Acquisitions of long-term investments     (50,000) (10,745)
Disposal of equity investees     20  
Acquisition of additional interests in subsidiaries from non-controlling interests 8 50   250
Net cash used in investing activities (28,147) (184,417) (75,056) (22,562)
Cash flows from financing activities:        
Proceeds from issuance of convertible redeemable preferred shares, net of issuance costs 54,157 354,825 41,197 68,138
Proceeds from short-term and long-term borrowings 13,408 87,846 162,501 57,638
Repayments of short-term and long-term borrowings (11,295) (74,000) (43,533) (65,798)
Proceeds from issuance of other debts, net of issuance costs 2,586 16,940 134,867 139,335
Repayments of other debts (19,968) (130,827)    
Proceeds from exercise of share option 1 9    
Proceeds from the initial public offering, net of underwriter discounts and commissions and other offering costs paid 60,090 393,698    
Net cash flows generated from financing activities 98,979 648,491 295,032 199,313
Net increase (decrease) in cash, cash equivalents and restricted cash 33,060 216,588 54,064 (29,473)
Cash, cash equivalents and restricted cash at beginning of year 13,485 88,352 27,217 50,207
Effects of exchange rate changes on cash, cash equivalents and restricted cash (1,940) (12,703) 7,071 6,483
Cash, cash equivalents and restricted cash at end of year 44,605 292,237 88,352 27,217
Supplemental schedule of non-cash investing and financing activities:        
Accretion on convertible redeemable preferred shares 18,449 120,873 (204,796) (392,550)
Accretion on redeemable non-controlling interests (21) (138)    
Deemed dividend to preferred shareholders (1,915) (12,547) (1,142) (723)
Non-cash consideration paid for business acquisitions     (33,440)  
Unpaid cash consideration for business acquisitions       (8,271)
Additional ASC 842 supplemental disclosure:        
Cash paid for fixed operating lease costs included in the measurement of lease obligations in operating activities 1,961 12,850 18,183 19,284
Right-of-use assets obtained in exchange for operating lease obligations $ 3,964 ¥ 25,970 ¥ 10,051 ¥ 19,570