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

FAIR VALUE MEASUREMENT (Details)

v3.7.0.1
FAIR VALUE MEASUREMENT (Details)
12 Months Ended
Mar. 31, 2017
USD ($)
Mar. 31, 2017
CNY (¥)
Mar. 31, 2016
CNY (¥)
Aggregate fair value   ¥ 10,376,547 ¥ 1,938,360
Roll-forward of the fair value of Level 3 (significant unobservable inputs) assets      
Total gain or losses included in net income (loss) $ 82,566 568,320  
Income approach      
Aggregate fair value   ¥ 12,000,000.00  
Discount rate 26.00% 26.00%  
Convertible note ("the Notes")      
Aggregate fair value   ¥ 10,376,547  
Convertible note ("the Notes") | Recurring basis      
Aggregate fair value   10,376,547  
Convertible note ("the Notes") | Recurring basis | Level 3      
Aggregate fair value   ¥ 10,376,547  
Convertible note, March 30, 2016 Note | Income approach      
Risk free rate of interest 1.02% 1.02%  
Volatility 35.22% 35.22%  
Convertible note, April 28, 2016 Note | Income approach      
Risk free rate of interest 1.04% 1.04%  
Volatility 36.10% 36.10%  
Available-for-sale investment      
Roll-forward of the fair value of Level 3 (significant unobservable inputs) assets      
Beginning balance   ¥ 1,938,360  
Purchases   7,957,440  
Total gain or losses included in net income (loss)   568,320  
Total gain or losses included in other comprehensive income (loss)   (553,870)  
Foreign currency translation adjustment   466,297  
Ending balance   ¥ 10,376,547