XML 48 R32.htm IDEA: XBRL DOCUMENT

Organization and Principal Activities (Tables)

12 Months Ended

Mar. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Major Subsidiaries, Consolidated VIEs and VIE's Subsidiaries

As of March 31, 2021, the Company’s major subsidiaries, consolidated VIEs and VIE’s subsidiaries are as follows:


	Equity interest held			Place and date of incorporation
Subsidiaries:
Meili Group Limited		100	%		Hong Kong, China June 23, 2011
Hangzhou Shiqu		100	%		Hangzhou, China November 16,2011
Meilishuo (Beijing) Network Technology Co., Ltd.		100	%		Beijing, China November 23,2010

				Place and date of incorporation
Consolidated VIEs:
Hangzhou Juangua					Hangzhou, China April 13, 2010
Beijing Meilishikong Network and Technology Co., Ltd.					Beijing, China July 6, 2010

Schedule of Amounts and Balances of VIEs Included in Consolidated Financial Statements With Intercompany Transactions Eliminated

The following table sets forth the assets, liabilities, results of operations and changes in cash and cash equivalents of the consolidated VIEs and their subsidiaries taken as a whole, which were included in the Group’s consolidated financial statements with intercompany transactions eliminated:


				As of March 31,
				2020			2021
				RMB			RMB
Cash and cash equivalents					340,363			163,376
Restricted cash					807			808
Short-term investments					34,000			60,000
Inventories, net					127			104
Loan receivables, net					113,111			99,965
Prepayments and other current assets					61,606			57,385
Amounts due from non-VIE subsidiaries of the Company					311,238			312,410
Amounts due from related parties					5			5
Property, equipment and software, net					577			1,901
Intangible assets, net					78,741			59,910
Goodwill					928			928
Investments					11,011			42,101
Other non-current asset					13,656			160,675

Total assets					966,170			959,568


				As of March 31,
				2020			2021
				RMB			RMB
Amounts due to non-VIE subsidiaries of the Company					1,344,824			1,381,497
Accounts payable					852			721
Salaries and welfare payable					663			579
Advances from customers					74			77
Taxes payable					2,599			694
Amounts due to related parties					1,323			1,329
Accruals and other current liabilities					306,337			258,077
Deferred tax liabilities					19,044			16,118

Total liabilities					1,675,716			1,659,092


	Year ended March 31,
	2019			2020			2021
	RMB			RMB			RMB
Total revenues		150,228			137,578			110,691
Cost of revenues		(87,562	)		(63,162	)		(51,493	)
Net profit/(loss)		5,565			(4,093	)		1,721


	Year ended March 31,
	2019			2020			2021
	RMB			RMB			RMB
Net cash (used in)/provided by operating activities		(165,708	)		186,711			25,326
Net cash used in investing activities		(39,369	)		(38,652	)		(202,312	)
Net cash provided by financing activities		1,490			960			—
Net (decrease)/increase in cash and cash equivalents and restricted cash		(203,587	)		149,019			(176,986	)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details