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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
 12 Months Ended
Jun. 30, 2022
CNY (¥)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
CNY (¥)
Jun. 30, 2020
CNY (¥)
Cash flows from operating activities        
Net income ¥ 235,869 $ 36,530 ¥ 207,657 ¥ 106,151
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation and amortization 28,327 4,387 25,594 26,206
Bad debt provision       1,296
Share-based compensation expenses/(benefit) 7,340 1,137 21,947 (369)
Loss from disposal of long-term assets 22 3 81 1,453
(Reversal)/provision for deferred taxes 118 18 1,727 (749)
Changes in operating assets and liabilities        
Accounts receivable 30,165 4,672 (190,368) (111,341)
Due from a related party-accounts receivable 60,000 9,293 (1,579) 33,094
Deposits, prepayments and other current assets 1,757 272 (15,923) 8,166
Commission payable (45,380) (7,028) 42,337 5,349
Commission payable-long term (8,791) (1,362) (8,241) (28,677)
Long-term prepayments 1,653 256    
Investors' deposit (116,123) (17,985) 174,015 (14,091)
Income tax payable 3,254 504 1,465 49,450
Other payables and accrued liabilities 30,467 4,718 75,049 56,006
Due to related parties-other payables and accrued Liabilities 11,373 1,761 272 1,266
Commitments and contingencies (1,300) (201)    
Net cash provided by operating activities 238,751 36,975 334,033 133,210
Cash flows from investing activities        
Payment for office equipment, furniture and leasehold improvements (8,418) (1,304) (11,945) (10,441)
Payment for intangible assets (3,603) (558) (2,938) (2,761)
Proceeds from disposal of long-term assets 27 4 252 90
Purchases of equity investments (1,000) (155)    
Acquisition of a subsidiary, net of cash acquired (41,464) (6,422)    
Acquisition of buildings and properties (232,039) (35,937)    
Cash effect of acquisition of VIEs' subsidiaries       15,239
Proceeds from disposal of a VIE's subsidiary to a third party       2,310
Collection of short-term loan receivables       14,179
Loans to related parties       (107,160)
Collection of loans lent to related parties       45,105
Net cash used in investing activities (286,497) (44,372) (14,631) (43,439)
Cash flows from financing activities        
Proceeds from issuance of ordinary shares from IPO     180,677  
Proceeds from shareholder investment     4,929  
Repayment of loans borrowed from third parties (1,000) (155)   (6,983)
Proceeds from loans borrowed from related parties       2,028
Repayment of loans borrowed from related parties       (754)
Net cash provided by/(used in) financing activities (1,000) (155) 185,606 (5,709)
Effect of exchange rate changes 3,814 (3,231) 11,917 (4,420)
Net increase/ (decrease) in cash, cash equivalents and restricted cash (44,932) (10,783) 516,925 79,642
Cash, cash equivalents, and restricted cash at beginning of the year 705,310 109,179 188,385 108,743
Cash, cash equivalents, and restricted cash at end of the year 660,378 98,396 705,310 188,385
Reconciliation to amounts on consolidated balances sheets        
Cash and cash equivalents 525,136 78,245 439,287 108,358
Restricted cash 135,242 20,151 266,023 80,027
Total cash, cash equivalents, and restricted cash 660,378   705,310 188,385
Supplemental disclosure of cash flow information        
Income taxes paid 84,983 13,162 84,871 2,075
Non-cash transactions:        
Net off consideration from capital reduction of a VIE with the amount due from the controlling shareholder of the VIE     ¥ 195,000  
Modification from a liability share-based compensation award to an equity share-based compensation award       6,530
Consideration payable related to business acquisition of a subsidiary 15,300 2,280   ¥ 8,200
Liabilities assumed related to acquisition of buildings and properties ¥ 73,950 $ 11,019