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Taxation (Tables)

12 Months Ended

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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