XML 29 R8.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS
 12 Months Ended
Jun. 30, 2025
CNY (¥)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
CNY (¥)
Jun. 30, 2023
CNY (¥)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2022
CNY (¥)
Cash flows from operating activities:              
Net loss ¥ (43,701,277) $ (6,100,463) ¥ (51,435,840) ¥ (61,476,392)      
Adjustments to reconcile net income (loss) to net cash used in operating activities:              
Depreciation and amortization 3,147,936 439,435 2,844,025 3,683,586      
Loss (gain) from disposal of property and equipment 12,410 1,732 35,325 (12,782)      
(Gain) loss in fair value changes of warrants liability (6,226) (869) 933,995 (6,116,000)      
Amortization of offering cost of warrants     0 1,483,306      
Allowance for (net recovery of) credit losses (2,856,803) (398,794) 4,086,505 (9,038,985)      
Allowance (reversal) for slow moving inventories (1,251,279) (174,672) 886,991 484,644      
Impairment loss of property and equipment and other long-lived assets 0 0 0 1,009,124      
Impairment loss on goodwill and intangible assets 0 0 0 9,980,002      
Amortization of right of use assets 4,571,501 638,157 1,636,215 3,252,066      
Restricted shares issued for management and employees 10,279,881 1,435,016 22,427,682 26,191,707      
Restricted shares issued for services     1,070,143 5,805,840      
Accrued interest income from loans to third parties (5,288,121) (738,193) (6,998,866) (7,997,961)      
Accrued interest income from short-term investment (17,411) (2,430) (885,394) (2,901,955)      
Changes in operating assets and liabilities:              
Notes receivable 1,341,820 187,311 2,400,570 7,085,917      
Accounts receivable 1,686,887 235,480 (12,151,359) (495,784)      
Inventories 267,413 37,329 5,590,058 (2,373,013)      
Other receivables (531,445) (74,184) 31,908 (1,307,694)      
Other receivables-related parties 208,000 29,036 (275,976) (64,122)      
Purchase advances (5,057,967) (706,065) (2,422,123) (2,575,198)      
Contract costs (363,721) (50,773) (4,400,442) (14,236,539)      
Prepaid expense 12,371 1,727 (51,467) 70,164      
Prepaid expense - related parties     0 275,000      
Operating lease liabilities (4,869,474) (679,752) (2,907,014) (3,061,303)      
Accounts payable 1,940,574 270,894 (604,203) (1,710,898)      
Other payables 3,399,579 474,563 (3,020,216) 2,270,104      
Other payables-related parties 628,308 87,708 (293,326) 352,260      
Contract liabilities 2,898,774 404,653 (927,884) 641,087      
Accrued payroll and employees' welfare (24,937) (3,481) 854,644 131,971      
Taxes payable (197,966) (27,635) (171,884) (1,036,483)      
Net cash used in operating activities (33,771,174) (4,714,270) (43,747,933) (51,688,331)      
Cash flows from investing activities:              
Purchases of property and equipment (1,010,812) (141,104) (282,184) (940,673)      
Proceeds from disposal of property and equipment 2,000 279 20,000 31,950      
Purchase of land use right     (15,000,251) 0      
Repayments of loans to third parties 100,478,982 14,026,325 117,522,129 40,113,311      
Payments made for loans to third parties (140,490,800) (19,611,759) (196,437,504) (103,146,761)      
Payments and prepayments for construction in progress (8,924,101) (1,245,756) (219,132) 0      
Payments for short-term investments (3,581,800) (500,000) (203,481,600) (290,051,964)      
Redemption of short-term investments 87,239,515 12,178,167 300,863,518 108,769,464      
Net cash (used in) provided by investing activities 33,712,984 4,706,152 2,984,976 (245,224,673)      
Cash flows from financing activities:              
Proceeds from short-term bank loans 10,476,000 1,462,393 11,581,000 13,491,481      
Repayments of short-term bank loans (11,319,623) (1,580,158) (11,632,755) (11,040,000)      
Repayments of short-term borrowings     0 0      
Proceeds from short-term borrowings-related parties     10,000,000 15,013,115      
Repayments of short-term borrowings-related parties     (10,018,222) (9,000,000)      
Repayments of long-term borrowings-related party     0 (1,499,667)      
Proceeds from warrants issued with ordinary shares     0 17,493,069      
Proceeds from sale of ordinary shares, net of issuance costs (2,529,724) (353,136) 77,711,533 28,174,993      
Proceeds from sale of prefunded warrants, net of issuance costs     0 3,750,282      
Redemption of warrants 0 0 (32,617,499) 0      
Capital contribution by controlling shareholders 100,000 13,959 0 0      
Net cash (used in) provided by financing activities (3,273,347) (456,942) 45,024,057 56,383,273      
Effect of exchange rate fluctuation on cash and restricted cash (8,626,292) (1,204,184) 1,722,165 27,688,659      
Net increase (decrease) in cash and restricted cash (11,957,829) (1,669,245) 5,983,265 (212,841,072)      
Cash and restricted cash at beginning of year 110,840,610 15,472,753 104,857,345 317,698,417      
Cash and restricted cash at end of year 98,882,781 13,803,508 110,840,610 104,857,345      
Reconciliation of cash and restricted cash              
Cash and restricted cash at beginning of year 110,840,610 15,472,753 104,857,345 317,698,417      
Cash 98,874,577   109,991,674 104,125,800 $ 13,802,361 $ 15,354,246 ¥ 316,974,857
Restricted cash 8,204   848,936 731,545 $ 1,147 $ 118,507 ¥ 723,560
Cash and restricted cash at end of year 98,882,781 13,803,508 110,840,610 104,857,345      
Supplemental cash flow information              
Cash paid during the year for interest 1,070,781 149,475 659,472 1,200,699      
Cash paid during the year for taxes 1,609 225 0 18,339      
Non-cash investing and financing activities              
Right-of-use assets obtained in exchange for operating lease obligations     8,303,099 75,182      
Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement 1,886,347 263,324 61,301 62,357      
Inventories transferred to and used as fixed assets     0 (65,456)      
Payable for construction in progress 7,270,577 1,014,933 0 0      
Capital contribution receivable due from non-controlling Interest ¥ 724,408 $ 101,123 ¥ 0 ¥ 0