| Mar'18 | Mar'17 | Mar'16 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net income | ||||||
65,510 | 8,570 | 3,538 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
174 | 92 | 61 | ||||
Deferred tax | ||||||
415 | 135 | -366 | ||||
Share-based compensation | ||||||
1,828 | - | - | ||||
Accrued interest on loans receivable | ||||||
525 | - | - | ||||
Changes in operating assets and liabilities: | ||||||
Prepayments and other current assets | ||||||
-3,111 | 2,456 | 972 | ||||
Accrued expenses and other current liabilities | ||||||
2,464 | -2,562 | 1,177 | ||||
Taxes payable | ||||||
14,743 | 2,170 | 1,534 | ||||
Liabilities from risk reserve fund guarantee | ||||||
- | 2,287 | 1,872 | ||||
Amounts due to related parties | ||||||
- | -47 | 179 | ||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | ||||||
87,723 | 8,189 | 7,025 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Originated loans disbursement to third parties | ||||||
34,714 | - | - | ||||
Loans collection from third parties | ||||||
7,546 | - | - | ||||
Acquisitions of property, equipment and software | ||||||
456 | 287 | 120 | ||||
NET CASH USED IN INVESTING ACTIVITIES | ||||||
-27,623 | -287 | -120 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Net proceeds from IPO | ||||||
43,273 | - | - | ||||
Capital contributions by shareholders | ||||||
- | 1 | 7,601 | ||||
Capital contributions by NCI | ||||||
4,507 | - | - | ||||
Purchase of shares from NCI | ||||||
4,609 | - | - | ||||
Proceeds from private placement offering | ||||||
- | 2,000 | - | ||||
Amounts due from related parties | ||||||
- | 5,945 | 10,009 | ||||
Repayments from related parties | ||||||
4,345 | 8,232 | 2,651 | ||||
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||||||
47,516 | 4,288 | 243 | ||||
EFFECT OF EXCHANGE RATE CHANGE ON CASH | ||||||
5,774 | -777 | -283 | ||||
NET INCREASE IN CASH | ||||||
113,390 | 11,413 | 6,864 | ||||
SUPPLEMENTAL CASH FLOW DISCLOSURES: | ||||||
Cash paid for income tax | ||||||
1,016 | 300 | - | ||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES: | ||||||
Risk reserve liability balance paid to third party insurance company by Hexin Group on behalf of the Company | ||||||
- | 4,893 | - | ||||