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Organization and Principal Activities (Tables)
 12 Months Ended
Mar. 31, 2024
Organization and Principal Activities [Abstract]  
Schedule of Subsidiaries and Vie As of March 31, 2024, details of the subsidiaries and VIE of the Company are set out below:
Name   Date of
Incorporation		   Place of
Incorporation		   Percentage of
Beneficial Ownership		   Principal
Activities
Subsidiaries                
UTime HK   November 1, 2018   Hong Kong   100%   Investment Holding
UTime WFOE   December 18, 2018   China   100%   Investment Holding
Bridgetime   September 5, 2016   British Virgin Island   100%   Investment Holding
Changsha UTime Business Management Co., Ltd   February 27, 2024   China   100%   Trading

 

Name   Date of
Incorporation		   Place of
Incorporation		   Percentage of
Beneficial Ownership		   Principal
Activities
VIE                
UTime SZ   June 12, 2008   China   100%   Research and development of products, and sales
Subsidiaries of the VIE                
Guizhou United Time Technology Co., Ltd. (“UTime GZ”)   September 23, 2016   China   VIE’s subsidiary   Manufacturing
UTime Technology (HK) Company Limited  (“UTime Trading”)   June 25, 2015   Hong Kong   VIE’s subsidiary   Trading
UTime India Private  Limited (“UTime India”)   February 7, 2019   India   UTime Trading’s subsidiary   Trading
Guangxi UTime Technology Co., Ltd. (“UTime Guangxi”)   November 1, 2021   China   UTime Trading’s subsidiary   Manufacturing
Gesoper S De R.L. De C.V. (“Gesoper”)   October 21, 2020   Mexico   UTime Trading’s subsidiary   Trading
Firts Communications And Technologies De Mexico S.A. De C.V. (“Firts”)   November 12, 2021   Mexico   Gesoper’s subsidiary   Trading
Schedule of Balance Sheet The aggregate carrying value of assets and liabilities of VIE and its subsidiaries (after elimination of intercompany transactions and balances) in the Company’s consolidated balance sheets as of March 31, 2023 and 2024 are as follows:
   As of March 31, 
   2023   2024 
   RMB   RMB 
Assets        
Current assets        
Cash and cash equivalents   272    2,704 
Restricted cash   500    500 
Accounts receivable, net   52,171    30,240 
Prepaid expenses and other current assets, net   66,133    81,729 
Due from related parties   584    553 
Inventories   16,169    11,026 
Current assets related to discontinued operations   3,946    1,438 
Total current assets   139,973    128,190 
Non-current assets          
Property, plant and equipment, net   61,407    54,188 
Operating lease right-of-use assets, net   13,030    9,781 
Finance lease right-of-use assets, net   
-
    6,460 
Intangible assets, net   1,677    662 
Deferred loss on sale-leaseback   
-
    767 
Other non-current assets   
-
    153 
Non-current assets related to discontinued operations   4    3 
Total non-current assets   76,118    72,014 
Total assets   216,091    200,051 
           
Liabilities          
Current liabilities          
Accounts payable   125,368    106,092 
Short-term borrowings   53,935    56,949 
Current portion of long-term borrowings   1,080    
-
 
Current portion of government grants   
-
    1,812 
Due to related parties   3,984    11,516 
Lease liabilities   3,673    6,824 
Other payables and accrued liabilities   47,806    31,157 
Income tax payables   18    18 
Current liabilities related to discontinued operations   3,171    1,929 
Total current liabilities   239,035    216,297 
Non-current liabilities          
Long-term borrowings   6,870    
-
 
Government grants   8,697    4,342 
Deferred tax liability   295    125 
Lease liability - non-current   10,876    10,054 
Total non-current liabilities   26,738    14,521 
           
Total liabilities   265,773    230,818 
Schedule of Revenue Net Income and Cash Flows of Vie Aand Subsidiaries The table sets forth the revenue, net income and cash flows of the VIE and subsidiaries of VIE in the table below.
   Year ended March 31, 
   2023   2024 
   RMB   RMB 
Revenue   197,564    172,156 
Net loss   (19,221)   (42,175)
Net cash used in operating activities   (15,269)   (5,273)
Net cash provided by investing activities   (2,900)   5,529 
Net cash provided by financing activities   18,295    1,616 

 
Schedule of Classes of Assets and Liabilities of Discontinued Operation The following table presents the carrying amounts of assets and liabilities for the discontinued operations of Gesoper and Firts in Mexico, and Utime India and Do Mobile in India:
   As of March 31, 
   2023   2024 
   RMB   RMB 
         
Assets classified as discontinued operation   4,240    1,441 
           
Liabilities classified as discontinued operation   3,171    1,929 
Schedule of Classes of Assets and Liabilities of Discontinued Operation The financial results of these operations are presented as following in the consolidated statement of comprehensive loss.
   Year ended March 31, 
   2023   2024 
   RMB   RMB 
         
Loss from discontinued operation, net of income taxes   6,439    1,903 
Loss on disposal of discontinued operation   
-
    26,719