v3.5.0.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 6) | 12 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2016 USD ($) | Mar. 31, 2016 CNY (¥) | Mar. 31, 2015 CNY (¥) | Mar. 31, 2014 CNY (¥) | Mar. 31, 2016 CNY (¥) | May 19, 2015 CNY (¥)
Assets and liabilities |  |  |  |  |  |
Accounts receivable, net | $ 7,839,956 |  | ¥ 48,150,046 |  | ¥ 50,552,034 |
Prepayment and other current assets | 1,850,534 |  | 24,505,249 |  | 11,932,244 |
Amounts due from related parties | 1,550,868 |  |  |  | 10,000,000 |
Total current assets | 49,651,367 |  | 312,950,666 |  | 320,152,015 |
Equity method investments |  |  | 35,729,848 |  | 48,747,486 |
Property and equipment, net | 8,875,578 |  | 62,720,375 |  | 57,229,727 |
Other assets | 1,648,689 |  | 11,887,740 |  | 10,630,745 |
Total assets | 72,962,334 |  | 455,244,300 |  | 470,461,130 |
Accrued expenses and other payables | 8,954,657 |  | 54,415,425 |  | 57,739,627 |
Deferred revenues | 2,576,328 |  | 21,742,735 |  | 16,612,164 |
Total current liabilities and total liabilities | 11,822,354 |  | 77,921,892 |  | ¥ 76,230,542 |
Net revenue and net income (loss) |  |  |  |  |  |
Net revenue | 64,692,923 | ¥ 417,139,969 | 350,157,824 | ¥ 384,668,378 |  |
Net income | 4,040,197 | 26,051,187 | 23,055,720 | 27,276,435 |  |
Cash flows |  |  |  |  |  |
Net cash provided by operating activities | 10,003,840 | 64,504,771 | 45,852,235 | 37,343,760 |  |
Net cash used in investing activities | (5,707,422) | (36,801,464) | (52,759,443) | (13,959,185) |  |
Net cash used in financing activities | $ (3,149,873) | ¥ (20,310,382) | (63,660,710) | (700,409) |  |
VIE |  |  |  |  |  |
Assets and liabilities |  |  |  |  |  |
Cash |  |  | 18,397,974 |  |  |
Accounts receivable, net |  |  | 23,145,899 |  |  |
Prepayment and other current assets |  |  | 5,228,560 |  |  |
Amounts due from related parties |  |  | 25,159 |  |  |
Total current assets |  |  | 46,797,592 |  |  |
Equity method investments |  |  | 35,729,848 |  |  |
Property and equipment, net |  |  | 562,021 |  |  |
Other assets |  |  | 8,171,895 |  |  |
Total assets |  |  | 91,261,356 |  |  |
Accrued expenses and other payables |  |  | 15,011,489 |  |  |
Amounts due to related parties |  |  | 19,436,997 |  |  |
Deferred revenues |  |  | 731,490 |  |  |
Total current liabilities and total liabilities |  |  | 35,179,976 |  |  |
Net revenue and net income (loss) |  |  |  |  |  |
Net revenue |  |  | 154,454,044 | 100,204,186 |  |
Net income |  |  | 21,951,065 | 13,224,130 |  |
Cash flows |  |  |  |  |  |
Net cash provided by operating activities |  |  | 22,655,696 | 21,829,320 |  |
Net cash used in investing activities |  |  | ¥ (37,956,001) | ¥ (249,904) |  |
Assets pledged or collateralized |  |  |  |  |  | ¥ 0

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