Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

12 Months Ended

Mar. 31, 2017

(3)ACCOUNTS RECEIVABLE, NET

Accounts receivable, net is summarized as follows:

	March 31,
	2016		2017
	RMB		RMB
Accounts receivable	55,427,300		61,560,981
Less: allowance for doubtful accounts	(4,875,266	)	(5,399,726	)

Accounts receivable, net	50,552,034		56,161,255

Management performs ongoing credit evaluations of its customers’ financial condition and generally does not require collateral on accounts receivable.The activity in the allowance for doubtful accounts for accounts receivable for the years ended March 31, 2015, 2016 and 2017 is as follows:

	Year Ended March 31,
	2015		2016		2017
	RMB		RMB		RMB
Beginning allowance for doubtful accounts	4,688,433		5,003,118		4,875,266
Additions charged to (reversal of) provision for doubtful accounts	845,965		(127,852	)	524,460
Write-off of accounts receivable	(531,280	)	—		—

Ending allowance for doubtful accounts	5,003,118		4,875,266		5,399,726

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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