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

PROPERTY AND EQUIPMENT, NET

v3.8.0.1
PROPERTY AND EQUIPMENT, NET
9 Months Ended
Dec. 31, 2017
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

 

(7)    PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consist of the following:

 

 

 

March 31, 2017

 

December 31, 2017

 

 

 

RMB

 

RMB

 

 

 

 

 

 

 

Building

 

53,049,213

 

53,049,213

 

Computer equipment

 

28,964,985

 

31,165,518

 

Furniture, fixtures and office equipment

 

2,471,985

 

5,352,941

 

Software

 

15,994,016

 

16,368,208

 

Motor vehicles

 

2,767,358

 

2,382,702

 

Leasehold improvements

 

16,412,286

 

17,894,753

 

 

 

 

 

 

 

 

 

119,659,843

 

126,213,335

 

Less: accumulated depreciation and amortization

 

(67,790,929

)

(73,752,450

)

 

 

 

 

 

 

Property and equipment, net

 

51,868,914

 

52,460,885

 

 

 

 

 

 

 

 

Total depreciation expense recognized for the years ended March 31, 2016, 2017 and nine months ended December 31, 2017 is allocated to the following expense items:

 

 

 

Twelve months ended
March 31,

 

Nine months ended
December 31,

 

 

 

2016

 

2017

 

2017

 

 

 

RMB

 

RMB

 

RMB

 

 

 

 

 

 

 

 

 

Cost of revenues

 

2,923,170

 

3,283,130

 

2,468,175

 

Research and development

 

879,228

 

1,064,370

 

1,257,337

 

Sales and marketing

 

514,458

 

601,509

 

455,373

 

General and administrative

 

4,101,778

 

3,743,084

 

1,906,538

 

 

 

 

 

 

 

 

 

Total depreciation expense

 

8,418,634

 

8,692,093

 

6,087,423