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

INCOME TAXES - Deferred Taxes (Details)

v3.7.0.1
INCOME TAXES - Deferred Taxes (Details)
Mar. 31, 2017
USD ($)
Mar. 31, 2017
CNY (¥)
Mar. 31, 2016
CNY (¥)
Mar. 31, 2015
CNY (¥)
Mar. 31, 2014
CNY (¥)
Deferred income tax assets:          
Tax loss carryforwards   ¥ 28,887,161 ¥ 20,326,608    
Share of losses of equity method investments   3,193,339 1,112,843    
Impairment loss of long-term investments   8,049,843      
Property and equipment, net   276,921 70,475    
Accrued expenses and other payables   4,292,260 2,375,267    
Total gross deferred income tax assets   44,699,524 23,885,193    
Less: valuation allowance   (41,179,348) (20,028,588) ¥ (3,882,555) ¥ (2,575,187)
Total deferred income tax assets, net   3,520,176 3,856,605    
Deferred income tax liabilities:          
Deferred tax liabilities, withholding tax related to distributable earnings   22,620,872      
Total gross deferred income tax liabilities   22,752,288 168,801    
Net deferred income tax assets   3,388,760 3,687,804    
Net deferred income tax liabilities $ 3,286,389 22,620,872      
Customer relationships          
Deferred income tax liabilities:          
Deferred tax liabilities, intangible assets acquired   97,952 114,202    
Training platform          
Deferred income tax liabilities:          
Deferred tax liabilities, intangible assets acquired   ¥ 33,464 ¥ 54,599