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CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Tables)

12 Months Ended

Jun. 30, 2025

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

Schedule of parent company balance sheets


		June 30,			June 30,			June 30,
		2024			2025			2025
		RMB			RMB			US Dollars
ASSETS
Cash		¥	16,473,018		¥	58,938,178		$	8,227,452
Short-term investments			88,091,794			3,599,211			502,430
Due from intercompany*			375,736,992			467,888,857			65,314,766
Other current assets			170,158,947			101,882,614			14,222,266
Total Current Assets			650,460,751			632,308,860			88,266,914

Investment in subsidiaries and VIEs			(145,408,577)			(162,651,169)			(22,705,228)
Total Assets		¥	505,052,174		¥	469,657,691		$	65,561,686

LIABILITIES AND SHAREHOLDERS’ EQUITY
Other current liabilities			2,490,668			2,229,485			311,224
Total Current Liabilities			2,490,668			2,229,485			311,224

Warrant liability - non-current			6,969			688			96
Total Liabilities		¥	2,497,637		¥	2,230,173		$	311,320

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY
Class A ordinary shares, $0.0001 U.S. dollar par value, 500,000,000 shares authorized; 7,987,959 shares and 10,627,426 shares issued and outstanding as of June 30, 2024 and June 30, 2025, respectively**			99,634			101,548			14,176
Class B ordinary shares, $0.0001 U.S. dollar par value, 80,000,000 shares authorized; 7,100,000 shares and 20,000,000 shares issued and outstanding as of June 30, 2024 and June 30, 2025, respectively**			4,693			14,038			1,960
Additional paid-in capital**			681,476,717			692,569,747			96,679,009
Accumulated deficit			(216,163,156)			(258,751,710)			(36,120,346)
Accumulated other comprehensive income			37,136,649			33,493,895			4,675,567
Total Shareholders’ Equity			502,554,537			467,427,518			65,250,366

Total Liabilities and Shareholders’ Equity		¥	505,052,174		¥	469,657,691		$	65,561,686

*	Due from intercompany are eliminated upon consolidation.

**	Retrospectively restated for the 1-for-18 reverse stock split on May 1, 2024 and change in capital structure on March 29, 2024.

Schedule of parent company statements of operations and comprehensive loss


		For the years ended June 30,
		2023			2024			2025			2025
		RMB			RMB			RMB			US Dollars
Revenue		¥	—		¥	—		¥	—		$	—
Cost of revenue			—			—			—			—

Gross profit			—			—			—			—

General and administrative expenses			54,494,219			44,012,602			27,947,713			3,901,350
Provision for credit losses			(4,141,588)			—			—			—
Loss from operations			(50,352,631)			(44,012,602)			(27,947,713)			3,901,350

Fair value changes of warrants liability			6,116,000			(933,995)			6,226			869
Other income			10,108,783			17,386,784			8,950,199			1,249,400

Equity in loss of subsidiaries, VIEs and VIEs’ subsidiaries			(25,039,453)			(22,311,446)			(23,597,266)			(3,294,051)

Net loss		¥	(59,167,301)		¥	(49,871,259)		¥	(42,588,554)		$	(5,945,132)

Foreign currency translation adjustment			23,819,712			2,009,476			(3,642,754)			(508,509)
Comprehensive loss attributable to the Company		¥	(35,347,589)		¥	(47,861,783)		¥	(46,231,308)		$	(6,453,641)

Schedule of parent company statements of cash flows


		For the years ended June 30,
		2023			2024			2025			2025
		RMB			RMB			RMB			US Dollars

Cash flows from operating activities:
Net loss		¥	(59,167,301)		¥	(49,871,259)		¥	(42,588,554)		$	(5,945,133)
Adjustments to reconcile net cash flows from operating activities:
Changes in warrants liabilities			(6,116,000)			933,995			(6,226)			(869)
Amortization of offering cost of warrants			1,483,306			—			—			—
Provision for doubtful accounts			(4,141,588)			—			—			—
Restricted shares issued for management and employees			26,191,707			22,427,682			10,279,881			1,435,016
Accrued interest income from loans to third parties			—			(4,058,536)			(8,253,064)			(1,152,083)
Accrued interest income from short-term investment			—			(885,394)			(17,411)			(2,430)
Restricted shares issued for services			5,805,840			1,070,143			—			—
Equity in earnings of subsidiaries and VIEs			25,039,453			22,311,446			23,597,266			3,294,051
Other current assets			(8,396,555)			3,743,536			(89,032)			(12,430)
Other current liabilities			(3,587,540)			(1,474,244)			(261,185)			(36,460)

Net cash used in operating activities			(22,888,678)			(5,802,631)			(17,338,325)			(2,420,338)

Cash flows from investing activities:
Repayments from loans to third parties			32,413,311			75,987,831			100,000,000			13,959,462
Payments made for loans to third parties			(79,546,761)			(165,837,504)			(21,490,800)			(3,000,000)
Payments for short-term investments			—			(87,206,400)			(3,581,800)			(500,000)
Redemption of short-term investments			—			—			87,239,515			12,178,167
Due from intercompany, VIEs and VIEs’ subsidiaries			(86,300,464)			(84,211,565)			(92,151,863)			(12,863,904)

Net cash (used in) provided by investing activities			(133,433,914)			(261,267,638)			70,015,052			9,773,725

Cash flows from financing activities:
Proceeds from warrants issued with common share			17,493,069			—			—			—
Proceeds from sale of common share, net of issuance costs			28,174,993			77,711,533			(2,529,724)			(353,136)
Proceeds from sale of prefunded warrants, net of issuance costs			3,750,282			—			—			—
Redemption of warrants			—			(32,617,499)			—			—
Net cash (used in) provided by financing activities			49,418,344			45,094,034			(2,529,724)			(353,136)

Effect of exchange rate fluctuation on cash			46,211,878			2,302,664			(7,681,843)			(1,072,344)

Net increase (decrease) in cash			(60,692,370)			(219,673,571)			42,465,160			5,927,907

Cash, beginning of year			296,838,959			236,146,589			16,473,018			2,299,545

Cash, end of year		¥	236,146,589		¥	16,473,018		¥	58,938,178		$	8,227,452