v3.5.0.1

EARNINGS PER COMMON SHARE | 12 Months Ended
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Mar. 31, 2016
EARNINGS PER COMMON SHARE |
EARNINGS PER COMMON SHARE | (1 9)EARNINGS PER COMMON SHARE Basic and diluted earnings per common share are calculated as follows:
|  | Year Ended March 31, |
|  | 2014 |  | 2015 |  | 2016 |
|  | RMB |  | RMB |  | RMB |
Numerator: |  |  |  |  |  |  |
Net earnings |  | 27,276,435 |  | 23,055,720 |  | 26,051,187 |
Less: Dividends paid to participating securities |  | — |  | (693,728 | ) | — |
Net earnings attributable to participating securities |  | (509,201 | ) | — |  | (130,924 | )
Net earnings available to common shareholders |  | 26,767,234 |  | 22,361,992 |  | 25,920,263 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per share: |  |  |  |  |  |  |
Weighted average common shares outstanding |  | 45,227,159 |  | 45,597,580 |  | 45,635,186 |
Plus: Incremental shares issuable upon exercise of share options |  | 4,396 |  | — |  | — |
Denominator for diluted earnings per share |  | 45,231,555 |  | 45,597,580 |  | 45,635,186 |
Basic earnings per common share |  | 0.59 |  | 0.49 |  | 0.57 |
Diluted earnings per common share |  | 0.59 |  | 0.49 |  | 0.57 |
The following table summarizes potential common shares outstanding excluded from the calculation of diluted earnings per share for the years ended March 31, 20 1 4, 201 5 and 201 6, because their effect is anti-dilutive:
|  | Year ended March 31, |
|  | 2014 |  | 2015 |  | 2016 |
Shares issuable under share options |  | 3,914,667 |  | 3,885,667 |  | 1,904,067 |

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