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

DEFERRED REVENUES (Details)

DEFERRED REVENUES (Details)	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Mar. 31, 2017 CNY (¥)
DEFERRED REVENUES
Total deferred revenues		¥ 12,636,124	¥ 11,953,519
Representing:
Current deferred revenues	$ 1,660,691	10,804,951	10,221,897
Non-current deferred revenues	$ 281,446	1,831,173	1,731,622
Testing service
DEFERRED REVENUES
Total deferred revenues		6,364,793	8,047,140
Online education services
DEFERRED REVENUES
Total deferred revenues		2,475,604	297,602
Other revenue - licensing fees from authorized test centers
DEFERRED REVENUES
Total deferred revenues		2,383,722	2,333,983
Other revenue - others
DEFERRED REVENUES
Total deferred revenues		¥ 1,412,005	¥ 1,274,794

- Definition

The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.

+ References + Details

- Definition

The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References + Details