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

ACQUISITION - Puhua Technology (Details)

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ACQUISITION - Puhua Technology (Details)
1 Months Ended 7 Months Ended 9 Months Ended
Sep. 12, 2016
CNY (¥)
Dec. 31, 2017
CNY (¥)
Mar. 31, 2017
CNY (¥)
Dec. 31, 2017
USD ($)
Dec. 31, 2017
CNY (¥)
Dec. 31, 2017
CNY (¥)
Mar. 31, 2016
CNY (¥)
Acquisition              
Proceeds from disposal of subsidiary       $ 306,910 ¥ 1,996,848    
Fair value of identifiable assets acquired and liabilities assumed:              
Goodwill     ¥ 32,523,983 $ 4,919,697   ¥ 32,009,025 ¥ 31,011,902
Puhua Technology              
Acquisition              
Percentage of equity interest acquired 60.00%            
Cash consideration ¥ 2,000,000            
Percentage of equity interest sold   60.00%          
Proceeds from disposal of subsidiary   ¥ 2,000,000          
Gain from disposal of subsidiary   ¥ 898,203          
Net revenue contributed to the Company     71,349        
Net loss contributed to the Company     ¥ 633,513        
Fair value of consideration transferred:              
Cash paid 2,000,000            
Fair value of non-controlling interests 1,333,333            
Fair value of identifiable assets acquired and liabilities assumed:              
Cash 2,411,583            
Other receivables and prepayments 746,009            
Other non-current assets 16,848            
Total assets acquired 3,174,440            
Other liabilities (1,353,188)            
Amount of identifiable net assets 1,821,252            
Goodwill ¥ 1,512,081