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

LONG-TERM INVESTMENTS (Details 2)

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LONG-TERM INVESTMENTS (Details 2) - CNY (¥)
 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Zhishang    
Summarized financial information of the equity method investments    
Current assets ¥ 16,915,455 ¥ 28,296,240
Non current assets 1,519,523 445,861
Current liabilities 1,319,972 1,193,824
Equity 17,115,006 27,548,277
Net revenue 5,910  
Cost and operating expenses 11,813,664 2,577,214
Loss before income taxes (10,433,271) (2,451,723)
Net loss (10,433,271) (2,451,723)
Other equity method investments    
Summarized financial information of the equity method investments    
Current assets 30,555,039 21,934,816
Non current assets 588,119 299,538
Current liabilities 4,300,511 7,532,973
Equity 26,842,647 14,701,381
Net revenue 612,939 143,100
Cost and operating expenses 26,771,669 3,881,674
Loss before income taxes (24,963,580) (3,730,703)
Net loss ¥ (24,963,580) ¥ (3,730,703)