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Taxation (Tables) | 12 Months Ended
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Jun. 30, 2024
Taxation [Abstract] |
Schedule of the Component of Income Tax Expenses | The following table sets forth the component of income tax expenses of the Group for the years ended June 30, 2022, 2023 and 2024:
|  | For the years ended June 30, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | RMB |  |  | RMB |  |  | RMB |
Current tax expense |  |  | (19,796 | ) |  |  | (23,769 | ) |  |  | (18,466 | )
Deferred tax benefit/(expense) |  |  | 1,446 |  |  |  | 2,084 |  |  |  | (12,862 | )
Income tax expense |  |  | (18,350 | ) |  |  | (21,685 | ) |  |  | (31,328 | )
Schedule of the Statutory EIT Rate and the Effective Tax Rates | The following table sets forth reconciliation between the statutory EIT rate and the effective tax rates:
|  | For the years ended June 30, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
Statutory income tax rate in PRC |  |  | 25.0 | % |  |  | 25.0 | % |  |  | 25.0 | %
Effect of income tax exemptions and preferential tax rates |  |  | - |  |  |  | 11.8 | % |  |  | (8.3 | )%
Effect of income tax rate difference in other jurisdictions |  |  | - |  |  |  | - |  |  |  | 1.9 | %
Effect of PRC withholding tax |  |  | - |  |  |  | - |  |  |  | 1.0 | %
Permanent differences |  |  | (24.6 | )% |  |  | (35.5 | )% |  |  | (3.0 | )%
Changes in valuation allowance |  |  | (8.8 | )% |  |  | (26.2 | )% |  |  | (9.1 | )%
Effective tax rate |  |  | (8.4 | )% |  |  | (24.9 | )% |  |  | 7.5 | %
Schedule of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities
|  | As of June 30, |
|  | 2023 |  |  | 2024 |
|  | RMB |  |  | RMB |
Deferred tax assets: |  |  |  |  |  |
Allowances of credit losses |  |  | 790 |  |  |  | 28 |
Operating lease liabilities |  |  | 18,611 |  |  |  | 11,948 |
Deductible temporary difference related to advertising expenses |  |  | 44,843 |  |  |  | 16,185 |
Net operating tax losses carried forward |  |  | 49,581 |  |  |  | 38,430 |
Subtotal |  |  | 113,825 |  |  |  | 66,591 |
Less: valuation allowance |  |  | (94,975 | ) |  |  | (55,144 | )
Total deferred tax assets, net |  |  | 18,850 |  |  |  | 11,447 |
|  | As of June 30, |
|  | 2023 |  |  | 2024 |
|  | RMB |  |  | RMB |
Deferred tax liabilities: |  |  |  |  |  |
Operating lease right-of-use assets |  |  | 16,766 |  |  |  | 10,600 |
Withholding tax on undistributed earnings |  |  | - |  |  |  | 11,625 |
Total deferred tax liabilities |  |  | 16,766 |  |  |  | 22,225 |
Schedule of Operating Tax Losses Carried Forward | All the PRC entities’ expiration periods for tax losses were five years. As of June 30, 2024, certain entities of the Group had net operating tax losses carried forward, which if not utilized, will expire as follows:
|  | 2024 |
|  | RMB |
Loss expiring for the year ended December 31, 2024 |  |  | - |
Loss expiring for the year ended December 31, 2025 |  |  | - |
Loss expiring for the year ended December 31, 2026 |  |  | 29,900 |
Loss expiring for the year ended December 31, 2027 |  |  | 56,782 |
Loss expiring for the year ended December 31, 2028 |  |  | 81,800 |
Loss expiring for the year ended December 31, 2029 |  |  | - |
Loss expiring for the year ended December 31, 2030 |  |  | - |
Loss expiring for the year ended December 31, 2031 |  |  | - |
Loss expiring for the year ended December 31, 2032 |  |  | - |
Loss expiring for the year ended December 31, 2033 and thereafter |  |  | 5,850 |
Subtotal |  |  | 174,332 |
Schedule of Changes in Valuation Allowance | Changes in valuation allowance are as follows:
|  | For the years ended June 30, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | RMB |  |  | RMB |  |  | RMB |
Balance at beginning of the year |  |  | (65,235 | ) |  |  | (84,406 | ) |  |  | (94,975 | )
(Additions)/Reversal |  |  | (19,171 | ) |  |  | (10,569 | ) |  |  | 39,831 |
Balance at end of the year |  |  | (84,406 | ) |  |  | (94,975 | ) |  |  | (55,144 | )

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