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Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Jun. 30, 2024
CNY (¥)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 779,931 $ 107,322 ¥ 764,281
Restricted cash 160 22
Short-term investments 246,195 33,878 166,303
Accounts receivable, net 16,676 2,295 12,251
Amounts due from related parties 4,488   29,116
Inventory, net 6,345 873
Prepayments and other current assets 275,549 37,917 136,681
Total current assets 1,329,344 182,925 1,108,632
Non-current assets:      
Property and equipment, net 6,569 904 7,409
Long-term investments 9,010 1,240
Operating lease right-of-use assets 58,889 8,103 84,009
Deferred tax assets 847 117 2,084
Other non-current assets 21,360 2,939 21,296
Total non-current assets 96,675 13,303 114,798
TOTAL ASSETS 1,426,019 196,228 1,223,430
Current liabilities:      
Accounts payables (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB62,094 and RMB61,888 as of June 30, 2023 and 2024, respectively) 62,066 8,541 62,094
Accrued expenses and other current liabilities (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB124,532 and RMB151,918 as of June 30,2023 and 2024, respectively) 190,508 26,215 171,160
Income tax payable (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB8,794 and RMB9,642 as of June 30, 2023 and 2024, respectively) 20,399 2,807 8,794
Contract liabilities, current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB517,213 and RMB380,548 as of June 30, 2023 and 2024, respectively) 385,227 53,009 517,213
Advance from customers (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB144,397 and RMB159,806 as of June 30, 2023 and 2024, respectively) 162,257 22,327 144,397
Operating lease liabilities, current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB21,425 and RMB23,782 as of June 30, 2023 and 2024, respectively) 49,099 6,756 41,092
Total current liabilities 869,556 119,655 944,750
Non-current liabilities:      
Contract liabilities, non-current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB7 and RMB11,365 as of June 30, 2023 and 2024, respectively) 11,365 1,564 7
Operating lease liabilities, non-current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB23,786 and RMB6,317 as of June 30, 2023 and 2024, respectively) 16,989 2,338 52,840
Deferred tax liabilities (including amounts of the consolidated VIEs without recourse to the primary beneficiary of nil as of June 30, 2023 and 2024, respectively) 11,625 1,600
Total non-current liabilities 39,979 5,502 52,847
TOTAL LIABILITIES 909,535 125,157 997,597
Commitments and contingencies
SHAREHOLDERS’ EQUITY      
Treasury stock (109,257) (15,034)
Additional paid-in capital 1,192,474 164,090 1,171,092
Accumulated other comprehensive income 17,313 2,382 22,182
Accumulative deficit (584,161) (80,383) (969,688)
TOTAL QUANTASING GROUP LIMITED SHAREHOLDERS’ EQUITY 516,484 71,071 223,698
Non-controlling interests 2,135
TOTAL SHAREHOLDERS’ EQUITY 516,484 71,071 225,833
TOTAL LIABILITIES, AND SHAREHOLDERS’ EQUITY 1,426,019 196,228 1,223,430
Related Party      
Current assets:      
Amounts due from related parties 4,488 618 29,116
Class A Ordinary Shares      
SHAREHOLDERS’ EQUITY      
Ordinary shares, value 81 11 78
Class B Ordinary Shares      
SHAREHOLDERS’ EQUITY      
Ordinary shares, value ¥ 34 $ 5 ¥ 34