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Other income

6 Months Ended

Dec. 31, 2023

Other income

6 Other income


								For the six
								months ended
		For the year ended June 30,						December 31,
		2021		2022		2023		2023
		RMB’000		RMB’000		RMB’000		RMB’000
Tax refund		1,279		3,231		2,660		469
Government grants (i)		46,587		16,663		8,807		8,091
Income from depositary bank (ii)		4,274		6,037		6,468		10,433
		52,140		25,931		17,935		18,993

Notes:

(i)

Government grants mainly represented unconditional cash awards granted by the local authorities in the PRC. During the year ended June 30, 2022, government grants also included subsidies obtained by the subsidiaries in the U.S. under the Paycheck Protection Program Rule with an aggregated amount of USD1,320,000 (equivalent to RMB8,548,000).

(ii)

The Company received an initial payment of USD4,690,000 (equivalent to RMB30,995,000) from depositary bank in December 2020, in connection with the establishment and maintenance of depositary receipt. The amount was amortized using the straight-line method over a five-year arrangement period. In addition, the Company received rebate of fees from depositary bank of USD1,107,000 (equivalent to RMB7,940,000) during the six months ended December 31, 2023.