XML 31 R24.htm IDEA: XBRL DOCUMENT
v3.26.1

Organization and Principal Activities (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2025
Organization and Principal Activities [Abstract] |
Schedule of Company’s Principal Subsidiaries, and the VIE | Details of the Company’s principal subsidiaries, and the VIE are as of December 31, 2025 as follows:
Name: |  | Date of incorporation |  | Place of incorporation |  | Percentage of direct or indirect ownership |  |  | Principal activities
Youbus International Limited (“Youbus International”) |  | February 16, 2022 |  | British Virgin Islands |  |  | 100 | % |  | Investment holding
Webus Hongkong Limited (“Webus HK”) |  | February 22, 2022 |  | Hong Kong |  |  | 100 | % |  | Investment holding
Wetour Travel Tech LLC (“Wetour”) |  | March 16, 2022 |  | The United States |  |  | 100 | % |  | Transportation services and packaged tour services
Zhejiang Xinjieni Technology Co., Ltd. (“Xinjieni Tech” or “WFOE”) |  | August 31, 2022 |  | The PRC |  |  | 100 | % |  | Investment holding
Zhejiang Youba Technology Co., Ltd. (“Youba Tech” or “VIE”) |  | August 16, 2019 |  | The PRC |  |  | 100 | % |  | Transportation services
Hangzhou Webus Travel Agency Co., Ltd. (“Webus Travel Agency”) |  | August 27, 2020 |  | The PRC |  |  | 100 | % |  | Transportation services and packaged tour services
Hangzhou Shunxing Technology Co., Ltd. (“Hangzhou Shunxing”) |  | June 10, 2025 |  | The PRC |  |  | 100 | % |  | Technical services & software development and consulting & management services
Schedule of VIE Included in the Company’s Unaudited Condensed Consolidated Financial Statements | The carrying amounts of the assets, liabilities and the results of operations of the VIE included in the Company’s unaudited condensed consolidated balance sheets, statements of operations and comprehensive loss and statements of cash flows, which are prepared before eliminating the inter-company balances and transactions between the VIE, the Company and its subsidiaries, are as follows:
|  | As of June 30, |  |  | As of December 31, |
|  | 2025 |  |  | 2025 |
|  | RMB |  |  | RMB |
|  |  |  |  | (Unaudited) |
ASSETS |  |  |  |  |  |
Current assets: |  |  |  |  |  |
Cash and cash equivalents |  |  | 536,444 |  |  |  | 7,015 |
Short-term investment |  |  | 198,660 |  |  |  | - |
Accounts receivable |  |  | 114,351 |  |  |  | 663,607 |
Amounts due from group companies |  |  | 113,351 |  |  |  | - |
Prepaid expenses and other current assets |  |  | 17,652,212 |  |  |  | 9,388,075 |
Total current assets |  |  | 18,615,018 |  |  |  | 10,058,697 |
Non-current assets: |  |  |  |  |  |  |  |
Property and equipment, net |  |  | 30,944,721 |  |  |  | 29,925,568 |
Right-of-use assets, net |  |  | 62,624 |  |  |  | - |
Total non-current assets |  |  | 31,007,345 |  |  |  | 29,925,568 |
TOTAL ASSETS |  |  | 49,622,363 |  |  |  | 39,984,265 |
LIABILITIES |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Short-term borrowing |  |  | 30,000,000 |  |  |  | 19,500,000 |
Current portion of long-term borrowings |  |  | - |  |  |  | 2,200,000 |
Accounts payable |  |  | 750 |  |  |  | 750 |
Lease liabilities-current |  |  | 55,454 |  |  |  | - |
Amounts due to a related party |  |  | - |  |  |  | 20,000 |
Accrued expenses and other current liabilities |  |  | 522,414 |  |  |  | 1,213,957 |
Total current liabilities |  |  | 30,578,618 |  |  |  | 22,934,707 |
Long-term borrowings |  |  | 2,200,000 |  |  |  | - |
Total non-current liabilities |  |  | 2,200,000 |  |  |  | - |
TOTAL LIABILITIES |  |  | 32,778,618 |  |  |  | 22,934,707 |
Commitments and Contingencies (Note 14) |  |  |  |  |  |  |  |
SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Additional paid-in capital |  |  | 57,713,162 |  |  |  | 56,241,465 |
Accumulated deficit |  |  | (40,869,417 | ) |  |  | (39,191,907 | )
Total shareholders’ equity |  |  | 16,843,745 |  |  |  | 17,049,558 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  | 49,622,363 |  |  |  | 39,984,265 |
|  | For the six months ended December 31, |
|  | 2024 |  |  | 2025 |
|  | RMB |  |  | RMB |
|  | (Unaudited) |
Revenues |  |  | 3,748,665 |  |  |  | 4,150,527 |
Cost of revenues |  |  | (404,210 | ) |  |  | (155,638 | )
Gross profit |  |  | 3,344,455 |  |  |  | 3,994,889 |
Operating expenses |  |  | (4,882,586 | ) |  |  | (1,925,913 | )
Loss from operations |  |  | (1,538,131 | ) |  |  | 2,068,976 |
Other income/ (expenses), net |  |  | 1,145,950 |  |  |  | (391,466 | )
Income tax expense |  |  | - |  |  |  | - |
Net (loss) income |  |  | (392,181 | ) |  |  | 1,677,510 |
|  | For the six months ended December 31, |
|  | 2024 |  |  | 2025 |
|  | RMB |  |  | RMB |
|  | (Unaudited) |
Net cash (used in)/ provided by operating activities |  |  | (9,286,259 | ) |  |  | 9,752,859 |
Net cash (used in)/ provided by investing activities |  |  | (9,863,873 | ) |  |  | 197,712 |
Net cash provided by/ (used in) financing activities |  |  | 20,000,000 |  |  |  | (10,480,000 | )
Effect of exchange rate changes on cash and cash equivalents |  |  | - |  |  |  | - |
Net change in cash and cash equivalents |  |  | 849,868 |  |  |  | (529,429 | )
Cash and cash equivalents at beginning of the periods |  |  | 853,749 |  |  |  | 536,444 |
Cash and cash equivalents at end of the periods |  |  | 1,703,617 |  |  |  | 7,015 |

X
- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedFinancialStatementsTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the key aspects of a subsidiary (partnership, corporation, or other entity) of the limited liability company or limited partnership. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration