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

Consolidated Balance Sheets

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Consolidated Balance Sheets
Mar. 31, 2012
CNY
Mar. 31, 2011
CNY
Mar. 31, 2012
USD
USD ($)
Current assets:      
Cash 257,167,696 268,058,194 $ 40,836,474
Accounts receivable, net 81,844,571 47,051,596 12,996,359
Inventories 374,382 344,909 59,449
Prepaid expenses and other current assets 15,682,735 10,036,345 2,490,312
Total current assets 355,069,384 325,491,044 56,382,594
Property and equipment, net 59,890,306 63,040,178 9,510,172
Goodwill 23,422,850 23,422,850 3,719,389
Intangible assets, net 17,597,266 20,356,104 2,794,326
Other assets 4,740,321 3,136,860 752,729
Total assets 460,720,127 435,447,036 73,159,210
Current liabilities:      
Accrued expenses and other payables 63,732,421 48,346,969 10,120,273
Deferred revenues 27,333,088 19,100,619 4,340,308
Total current liabilities 91,065,509 67,447,588 14,460,581
Deferred revenues 3,100,116 3,823,601 492,277
Deferred income tax liabilities 139,931 112,847 22,220
Total liabilities 94,305,556 71,384,036 14,975,078
Shareholders' equity:      
Common shares: Par value: USD0.01, authorized: 500,000,000 shares Issued: 44,902,416 and 45,962,376 shares as of March 31, 2011 and 2012, respectively Outstanding: 44,596,416 and 44,815,626 shares as of March 31, 2011 and 2012, respectively 3,442,803 3,428,840 546,694
Receivable from shareholders   (1,035,796)  
Additional paid-in capital 440,832,695 491,585,143 70,001,222
Accumulated other comprehensive loss (26,004,399) (22,217,189) (4,129,322)
Accumulated deficit (51,856,528) (107,697,998) (8,234,462)
Total shareholders' equity 366,414,571 364,063,000 58,184,132
Commitments and contingencies         
Total liabilities and shareholders' equity 460,720,127 435,447,036 $ 73,159,210