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, 2016

(3)ACCOUNTS RECEIVABLE, NET

Accounts receivable, net is summarized as follows:

	March 31,
	2015		2016
	RMB		RMB
Accounts receivable	53,153,164		55,427,300
Less: allowance for doubtful accounts	(5,003,118	)	(4,875,266	)

Accounts receivable, net	48,150,046		50,552,034

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, 2014, 2015 and 2016 is as follows:

	Year Ended March 31,
	2014		2015		2016
	RMB		RMB		RMB
Beginning allowance for doubtful accounts	35,005,069		4,688,433		5,003,118
Additions charged to (reversal of) provision for doubtful accounts	(3,738,232	)	845,965		(127,852	)
Write-off of accounts receivable	(26,578,404	)	(531,280	)	—

Ending allowance for doubtful accounts	4,688,433		5,003,118		4,875,266