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Concentration of Credit Risk
 6 Months Ended
Dec. 31, 2025
Concentration of Credit Risk [Abstract]  
Concentration of credit risk

13.  Concentration of credit risk

 

Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of accounts receivable. The Group conducts credit evaluations of its customers and generally does not require collateral or other security from them. The Group evaluates its collection experience and long outstanding balances to determine the need for allowance for credit losses. The Group conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable.

 

 

The following table sets forth a summary of single customers which represent 10% or more of the Group’s total accounts receivable:

 

 

   As of June 30, 2025   As of December 31, 2025 
   RMB   RMB 
       (Unaudited) 
   Amount   %   Amount   % 
Percentage of the Group’s accounts receivable                
Customer A   136,782    38    73,648    80 
Customer B   *    *    13,300    15 
Customer C   100,600    28    *    * 
Customer D   74,000    21    *    * 

 

*Represented the percentage below 10%

 

For the six months ended December 31, 2024 and 2025, no single customers accounted for 10% or more of the Group’s total revenues.

 

The following table sets forth a summary of single suppliers which represent 10% or more of the Group’s total accounts payable:

 

   As of June 30, 2025   As of December 31, 2025 
   RMB   RMB 
       (Unaudited) 
   Amount   %   Amount   % 
Percentage of the Group’s accounts payable                
Supplier A   25,505    61    21,960    28 
Supplier B    *     *    20,126    26 
Supplier C    *     *    11,453    15 
Supplier D   5,505    13     *      *  

 

*Represented the percentage below 10%

The following table sets forth a summary of single suppliers which represent 10% or more of the Group’s total purchases: 

 

   For the six months ended December 31, 
   2024   2025 
   RMB   RMB 
   (Unaudited) 
   Amount   %   Amount   % 
Percentage of the Group’s total purchase                
Supplier E    *      *     821,673    10 
Supplier F   1,540,752    11     *      *  
Supplier G   1,498,159    11     *      *  
Supplier H   1,452,785    11     *      *  
Supplier I   1,386,002    10     *      *  

 

*Represented the percentage below 10%