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Related Party Balances and Transactions

12 Months Ended

Jun. 30, 2022

Related Party Balances and Transactions

Related Party Balances and Transactions

15. Related Party Balances and Transactions

The following is a list of the related parties with whom the Group conducted significant transactions during the three years ended June 30, 2022, and their relationship with the Group:

​

Name of the related parties		Relation with the Group
​	​	​
Hywin Financial Holding Group Co., Ltd. (“Hywin Financial Holding”)		An entity ultimately controlled by Mr. HAN Hongwei
Ms. WANG Dian		Senior executive officer
Yushang Group Co., Ltd.		a direct subsidiary of Hywin Financial Holding
Shanghai Yushang Commodity International Trade Co., Ltd.		an indirect subsidiary of Hywin Financial Holding
Shanghai Youqiding Asset Management Co., Ltd. (dissolved in January 2020)		an indirect subsidiary of Hywin Financial Holding
Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase I	​	Non-controlling interest shareholder of Grand Doctor
​	​
Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase II	​	Non-controlling interest shareholder of Grand Doctor
​	​
Hywin Asset Management Co., Ltd.		a direct subsidiary of Hywin Financial Holding
Tibet Haiyinhui Network Technology Co., Ltd. (dissolved in June 2021)		an entity ultimately controlled by Mr. HAN Hongwei
​	​	​
Real Estate Group Entities (related parties of the Company for the years ended June 30, 2020):	​	Entities controlled by an immediate family member of Mr. HAN Hongwei
​	​	​
Shanghai Lanyun Real Estate Co., Ltd.	​	​
​	​	​
Shanghai Danxiao Real Estate Co., Ltd.	​	​
​	​	​
Shanghai Suxiao Real Estate Co., Ltd.	​	​
​	​	​
Shanghai Yulan Real Estate Co., Ltd.	​	​
​	​	​
Shanghai Yubi Real Estate Co., Ltd.	​	​
​	​	​
Shanghai Biyu Real Estate Co., Ltd.

​

As of June 30, 2021 and 2022, the related party balances of the Group are listed as follows:

​

​	​	​	​	​	​	​
​		As of June 30,
​		2021		2022		2022
​		RMB		RMB		US$
​	​	​	​	​	​	​
Amount due from related parties
​		​	​	​	​	​
Amounts lent to a related party (1):		​	​	​	​	​
Hywin Financial Holding Group Co., Ltd. (“Hywin Financial Holding”)		126,103		66,103		9,849
​		​		​		​
Due from related parties total		126,103		66,103		9,849

​

​	​	​	​	​	​	​
Amount due to related parties
​	​	​	​	​	​	​
Loans borrowed from and interest payable to related parties, net
Wang Dian		1,891		1,891		282
Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase I (4)		—		5,005		746
Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase II (4)		—		6,370		948
Others	​	408	​	406	​	61
​	​	2,299	​	13,672	​	2,037
​	​	​	​	​	​	​
Dividend payable to a related party:		​	​	​	​	​
Ms. Wang Dian		22,500	​	22,500	​	3,353
​	​	​	​	​	​	​
Due to related parties-total		24,799	​	36,172	​	5,390

​

For the years ended June 30, 2020, 2021 and 2022, the significant related party transactions summarized by different natures are as follows:

​

​	​	​	​	​	​	​	​	​
​		For the years ended June 30,
​		2020		2021		2022		2022
​		RMB		RMB		RMB		US$
​	​	​	​	​	​	​	​	​
Wealth management and asset management services revenues from a related party
Hywin Asset Management Co., Ltd.		3,615		3,144		4,499		697
​		3,615		3,144		4,499		697
Rental expenses charged by related parties
Real Estate Group Entities(2)		32,268		—		—		—
​		32,268		—		—		—

​

​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​
Net loans borrowed from/lent to related parties (3)
Loan lent to a related party, net
Hywin Financial Holding Group Co., Ltd.		107,160		1,579		—		—
​		107,160		1,579		—		—
​	​	​	​	​	​	​	​	​
Collection of loans lent to related parties, net
Shanghai Yushang Commodity International Trade Co. Ltd.		40,000		—		—		—
Yushang Group Co., Ltd.		334		—		—		—
Shanghai Youqiding Asset Management Co., Ltd.		4,771		—		—		—
Hywin Financial Holding Group Co., Ltd.		—		—		60,000		9,293
​		45,105		—		60,000		9,293
​	​	​	​	​	​	​	​	​
Loans borrowed from related parties, net		​		​		​		​
Tibet Haiyinhui Network Technology Co., Ltd.		1,941		—		—		—
Others		87		321		—		—
​	​	2,028		321		—		—

​

​

​	​	​	​	​	​	​	​	​
​		​		​		​		​
Net loans and interest payables took over from acquiring Grand Doctor Medical Co., Ltd.(4)	​	​	​	​	​	​	​	​
Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase I		—		—		4,840		721
Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase II		—		—		6,160		917
​		—		—		11,000		1,638
​	​	​	​	​	​	​	​	​
Interest expenses charged by related parties
Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase I		—		—		165		25
Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase II		—		—		210		31
​		—		—		375		56
​	​	​	​	​	​	​	​	​

​

Note 1 The loan was lent to related party for the purpose of supporting the business development of the related party, which was unsecured, interest free and payment on demand.

​

Note 2 Real Estate Group Entities are no longer related parties of the Company as of June 30, 2021, therefore the balance and transactions between these entities and the Company are not shown as the related party balance and transactions.

Note 3 The loans lent to/borrowed from the related party are unsecured, interest free and payment on demand.

Note 4 On January 27, 2022, the Group entered into a series of definitive share transfer agreements and capital increase agreement to purchase 65.26% equity interest of Grand Doctor Medical Co., Ltd., which has net loans amounted to RMB10,000 payable to, minority shareholder of Grand Doctor Medical Co., Ltd., Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase I and Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase II. The loans borrowed from Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase I and Chongqing Jinpu Medical Healthy Service Private Equity Fund Phase II are unsecured, payment on demand and 9% interest rate.

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- References

No definition available.

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- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-URI http://asc.fasb.org/topic&trid=2122745

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

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