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

INCOME TAXES (Details 5)

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INCOME TAXES (Details 5) - CNY (¥)
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Movements of the valuation allowance      
Balance at the beginning of the year ¥ 3,882,555 ¥ 2,575,187 ¥ 921,751
Additions from Xing Wei Group acquisition     915,864
Additions of valuation allowance excluding acquisition 16,146,033 1,307,368 737,572
Balance at the end of the year 20,028,588 3,882,555 2,575,187
Additional disclosures      
Unrecognized tax benefits 0 0 0
Interest and penalties recorded ¥ 0 ¥ 0 ¥ 0
Period of statute of limitations, if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent 3 years    
Period of statute of limitations, if the underpayment is more than RMB 100,000 5 years    
Minimum amount of underpayment of taxes for statute of limitations to be extended to five years ¥ 100,000    
Period of statute of limitations for transfer pricing issues 10 years    
PRC      
Movements of the valuation allowance      
Tax loss carry forwards for PRC income tax purpose ¥ 88,264,251    
PRC | December 31, 2016      
Movements of the valuation allowance      
Tax loss carry forwards for PRC income tax purpose 0    
PRC | December 31, 2017      
Movements of the valuation allowance      
Tax loss carry forwards for PRC income tax purpose 0    
PRC | December 31, 2018      
Movements of the valuation allowance      
Tax loss carry forwards for PRC income tax purpose 4,996,057    
PRC | December 31, 2019      
Movements of the valuation allowance      
Tax loss carry forwards for PRC income tax purpose 5,438,101    
PRC | December 31, 2020      
Movements of the valuation allowance      
Tax loss carry forwards for PRC income tax purpose 41,987,572    
PRC | December 31, 2021      
Movements of the valuation allowance      
Tax loss carry forwards for PRC income tax purpose ¥ 35,842,521