Intangible assets, net

12 Months Ended

Mar. 31, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible assets, net

10. Intangible assets, net

Intangible assets of the Company were mainly as follows:

	As of March 31, 2022			As of March 31, 2023
	RMB			RMB
Cost:
Trademark		437			486
License		3,530			3,530
Dealership		31,717			31,717
Total cost		35,684			35,733
Less: Accumulated amortization		(10,140	)		(14,139	)
Intangible assets, net		25,544			21,594

License and dealership resulting from the business combinations completed during the year ended March 31,2021 have been allocated to the single reporting unit of the Company. The total carrying amount of intangible assets resulting from the business combinations were RMB 25.5 million and RMB 21.6 million as of March 31, 2022 and 2023, respectively.

The total amortization expenses of the intangible assets charged to the consolidated statements of loss and comprehensive loss amounted to approximately RMB4.0 million, RMB4.0 million and RMB4.0 million for the years ended March 31, 2021, 2022 and 2023, respectively.

The annual estimated amortization expense for intangible assets subject to amortization for the succeeding five years is as follows:

	As of March 31,
	2024		2025		2026		2027		2028
Amortization expenses		3,867		3,438		3,207		3,203		3,187