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

CHANGE IN FISCAL YEAR END

v3.8.0.1
CHANGE IN FISCAL YEAR END
9 Months Ended
Dec. 31, 2017
CHANGE IN FISCAL YEAR END  
CHANGE IN FISCAL YEAR END

 

(11)    CHANGE IN FISCAL YEAR END

 

During the nine-month period ended December 31, 2017, the Group changed its fiscal year end to December 31, effective December 31, 2017.

 

The consolidated financial statements for the nine-month period ended December 31, 2017 is not comparable to that as of and for the years ended March 31, 2016 and 2017. For comparison purposes, the Group included the selected data from unaudited consolidated income statement for the nine-month period ended December 31, 2016 as below:

 

 

 

Nine months ended December 31,

 

 

 

2016

 

2017

 

 

 

RMB

 

RMB

 

Net revenues

 

435,436,426

 

490,059,099

 

Cost of revenues

 

218,885,233

 

259,049,753

 

Gross profit

 

216,551,193

 

231,009,346

 

Operating expenses

 

120,842,587

 

161,501,330

 

 

 

 

 

 

 

Income from operations

 

95,708,606

 

69,508,016

 

Other loss, net

 

(29,768,869

)

(12,262,687

)

 

 

 

 

 

 

Earnings before income taxes

 

65,939,737

 

57,245,329

 

Income tax expense

 

21,995,839

 

29,408,249

 

 

 

 

 

 

 

Net income

 

43,943,898

 

27,837,080