| Summary of trade receivables pre payments and other receivables |
| | | | | | | As of December 31, | | As of June 30, | | | 2024 | | 2025 | | | RMB’000 | | RMB’000 | Trade receivables | | 318,044 | | 304,761 | Less: loss allowance | | (65,437) | | (63,389) | Trade receivables, net of loss allowance | | 252,607 | | 241,372 | Receivables from payments made on behalf of customers, net of allowance | | 31,917 | | 22,814 | Receivables from loans to employees (Note (i)) | | 18,501 | | — | Other receivables | | 50,418 | | 22,814 | Trade and other receivables at amortized cost | | 303,025 | | 264,186 | Prepayments to suppliers | | 67,542 | | 46,151 | Refundable value-added tax | | 64,678 | | 96,596 | Others | | 15,014 | | 25,566 | Prepayments and others | | 147,234 | | 168,313 | Prepayments and other receivables | | 197,652 | | 191,127 | Total trade receivables, prepayments and other receivables | | 450,259 | | 432,499 |
Note: | (i) | In June 2023, the Group provided a one-year loan with a principal amount of USD1.5 million (equivalent to RMB10.9 million) to an employee at an interest rate of 4.43%. The principal of USD1.0 million was repaid in 2024, and the remaining principal of USD0.5 million and the cumulative interest of USD80 thousand was repaid in May 2025. |
In December 2024 and January 2025, the Group provided one-year loans with total principal amount of USD2.0 million (equivalent to RMB14.6 million) and USD50 thousand (equivalent to RMB359 thousand) respectively, to another employee at an interest rate of 4.30%. The principal of USD2.05 million and the cumulative interest of USD26 thousand was repaid in April 2025.
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