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Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
 12 Months Ended
Jun. 30, 2024
CNY (¥)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
CNY (¥)
Jun. 30, 2022
CNY (¥)
Cash flows from operating activities:        
Net (loss)/income ¥ 385,527 $ 53,050 ¥ (108,652) ¥ (233,426)
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:        
Fair value changes of short-term investments (2,446) (337) (40) (3)
Reversal of allowance for expected credit losses (48) (7) (46) (239)
Depreciation of property and equipment 4,546 626 3,714 4,016
Amortization of intangible assets 468 64 6,579
Impairment loss on long-lived assets and goodwill 10,041 1,382
Loss on disposal of property, equipment and intangible assets 10 1 124
Share of profit from equity method investments, net of income tax (2)
Realized gains from short-term investments (16,004) (2,202) (9,195) (4,891)
Share-based compensation 27,757 3,820 191,632 291,429
Deferred income tax (benefit)/expense 12,862 1,770 (2,084) (1,446)
Changes in operating assets and liabilities:        
Accounts receivable (4,377) (602) (10,268) 55,351
Amounts due from related parties 24,628 3,389 (6,108) (23,202)
Prepayments and other current assets (67,624) (9,305) (21,121) (4,480)
Operating lease right-of-use assets 25,286 3,479 (60,092) (14,573)
Accounts payables (28) (4) 16,916 2,633
Accrued expenses and other current liabilities 14,109 1,941 62,370 61,046
Income tax payable 11,605 1,597 1,496 5,035
Contract liabilities (124,603) (17,146) 123,622 99,511
Advance from customers 15,415 2,121 (6,692) 17,888
Operating lease liabilities, current portion 7,858 1,081 24,761 9,203
Operating lease liabilities, non-current portion (35,851) (4,933) 46,274 4,624
Inventory, net (6,345) (873)
Other non-current assets (64) (9) (10,866) (2,543)
Net cash provided by operating activities 282,720 38,903 235,621 272,636
Cash flows from investing activities:        
Purchase of short-term investments (5,162,236) (710,347) (2,891,452) (976,700)
Proceeds from short-term investments 5,025,644 691,552 2,863,828 873,700
Purchase of long-term investments (6,563) (903)
Purchase of property and equipment (3,639) (501) (5,756) (4,560)
Investment income from short-term investments 16,004 2,202 9,195 4,891
Cash paid for business combination, net of cash received (1,998) (275)
Disposal of subsidiaries 2,000 14,126
Disposal of property and equipment 4 1
Loan provided to related parties (2,243) (129,427)
Loan repaid by related parties 24,629 109,389
Net cash (used in)/ provided by investing activities (132,784) (18,271) 201 (108,581)
Cash flows from financing activities:        
Proceeds from issuance of Class A ordinary shares upon the completion of IPO (net of RMB15,917 issuance costs paid) 235,462
Proceeds from issuance of ordinary shares upon exercise of underwriters’ over-allotment option 9,984
Proceeds from/(cash paid for) noncontrolling interests (2,250) (310) 2,250
Repurchase of ADSs (130,409) (17,945)
Proceeds from exercise of share options 2,467 339
Contribution from Predecessors 94,978
Proceeds from loans from Predecessors 122,833
Repayment of loans to Predecessors (146,182)
Net cash provided by/(used in) financing activities (130,192) (17,916) 247,696 71,629
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,934) (541) 14,336 5,642
Net increase in cash, cash equivalents and restricted cash 15,810 2,175 497,854 241,326
Cash and cash equivalents at beginning of the year 764,281 105,169 266,427 25,101
Including:        
Cash and cash equivalents at beginning of the year 764,281 105,169 266,427 25,101
Cash, cash equivalents and restricted cash at end of the year 780,091 107,344 764,281 266,427
Including:        
Cash and cash equivalents at end of the year 779,931 107,322 764,281 266,427
Restricted cash at end of the year 160 22
Supplemental disclosure of cash flow information        
Cash paid for income tax (6,861) (944) (22,273) (14,761)
Non-cash investing and financing activities        
Consideration receivable as a result of disposal of subsidiaries 2,000
Changes in payables for purchase of property and equipment (198) (27) 198
Accretion of the Company’s preferred shares (22,379) (2,987)
Purchase of long-term investments with non-cash service consideration ¥ (2,445) $ (336)