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

INCOME TAXES - Deferred Taxes (Details)

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INCOME TAXES - Deferred Taxes (Details) - CNY (¥)
Dec. 31, 2018
Dec. 31, 2017
Mar. 31, 2017
Mar. 31, 2016
Deferred income tax assets:        
Tax loss carry forwards ¥ 14,082,622 ¥ 32,272,023    
Impairment loss of long-term investments 4,132,700      
Accrued expenses and other payables 2,946,135 3,097,047    
Property and equipment, net 551,634 226,604    
Donation 250,000 250,000    
Total gross deferred income tax assets 21,963,091 35,845,674    
Less: valuation allowance (21,275,591) ¥ (35,845,674) ¥ (26,584,197) ¥ (15,307,952)
Total deferred income tax assets, net 687,500      
Deferred income tax liabilities:        
Change in fair value of long-term investment 687,500      
Total gross deferred income tax liabilities ¥ 687,500