XML 43 R18.htm IDEA: XBRL DOCUMENT

Lease

12 Months Ended

Jun. 30, 2024

10.

Lease

The Group has operating leases for corporate offices with the lease terms from within 1 month to 3 years, some of which include options to terminate the leases within certain periods. For operating leases with terms greater than 12 months, the Group records the related assets and lease liability at the present value of lease payments over the terms. Certain leases include rental escalation clauses, renewal options and/or termination option, which are factored into the Group’s determination of lease payments when appropriate.

	As of June 30,
	2023		2024
	RMB		RMB

Operating lease right-of-use assets, net		84,009		58,889
Operating lease liabilities-current		41,092		49,099
Operating lease liabilities-non current		52,840		16,989

The following table provides a summary of the Group’s operating lease expenses and short-term lease expenses as of June 30, 2022, 2023 and 2024:

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

Operating lease expenses		21,943		37,484		44,854
Short-term lease expenses		2,730		2,272		227

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

Cash paid for amounts included in the measurement of operating lease liabilities		20,854		25,151		48,176
Right-of-use assets obtained in exchange for operating lease obligations		28,091		95,206		16,258

The following table provides a summary of the Group’s operating lease terms and discount rates as of June 30, 2023 and 2024:

	As of June 30,
	2023			2024

Weighted average remaining lease term (in years)		2.22			1.44
Weighted average discount rate		4.75	%		4.75	%

Maturities of operating lease liabilities as of June 30, 2024 were as follows:

	Amounts
	RMB

For the year ended June 30, 2025		51,305
For the year ended June 30, 2026		15,793
For the year ended June 30, 2027		1,435
Total operating lease payments		68,533
Less: imputed interest		(2,445	)
Present value of operating lease liabilities		66,088