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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2024

Summary of Significant Accounting Policies (Tables) [Line Items]

Schedule of Property and Equipment are Provided using the Straight-Line Method over their Estimated Useful Lives

		As of March 31,
		2023				2024
		RMB				RMB
Office real estate			20,996				20,995
Furniture and equipment			5,987				10,768
Production and other machineries			55,004				47,845
Total			81,987				79,608
Less: accumulated depreciation			(20,580	)			(25,420	)
Property and equipment, net			61,407				54,188

Details of production and other machineries lease out under operating lease are as follows:

		As of March 31,
		2023				2024
		RMB				RMB
Cost			29,578				26,629
Less: accumulated depreciation and amortization			(12,094	)			(13,363	)
Net book value			17,484				13,266

Schedule of Disaggregates the Company’s Revenue by Type of Contract

The following table disaggregates the Company’s revenue by type of contract for the years ended March 31, 2023 and 2024:

		Year ended March 31,
		2023				2024
		RMB				RMB
OEM/ODM			197,564				172,156
In-house brand			-				-
Total			197,564				172,156

Schedule of Basic and Diluted Loss Per Share

Basic and diluted loss per share for each of the periods presented are calculated as follows:

		Year ended March 31,
		2023				2024
		RMB				RMB
Numerator:
Net loss attributable to UTime Limited, basic and diluted			(87,616	)			(60,884	)
Denominator:
Weighted average shares outstanding, basic and diluted			11,229,985				16,550,762
Net loss attributable to UTime Limited per ordinary share:
Continuing operations			(7.44	)			(2.03	)
Discontinued operations			(0.57	)			(1.73	)

Property, Plant and Equipment [Member]

Summary of Significant Accounting Policies (Tables) [Line Items]

Schedule of Property and Equipment are Provided using the Straight-Line Method over their Estimated Useful Lives

Depreciation of property and equipment are provided using the straight-line method over their estimated useful lives as follows:

	Useful life
Office real estate	48 years
Furniture and equipment	3 – 6 years
Production and other machineries	5 – 10 years

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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-Name Accounting Standards Codification
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+ References

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