v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
 6 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Cash flows from operating activities:      
Net income (loss) ¥ (1,849,289) $ (264,445) ¥ 313,160
Adjustments to reconcile net loss to net cash generated from operating activities:      
Depreciation expense 3,570 511 5,323
Amortization of intangible assets 4,782 684 50,304
Non-cash operating lease expense 9,036 1,292 29,146
Early termination of operating lease 705 101 1,545
Provision for allowance for credit losses on financial assets 1,685,332 240,999 45,184
Impairment loss on goodwill and intangible assets 355,903
Compensation expenses associated with stock options 1,173 168 15,517
Gain on disposal of property, plant and equipment (5,422) (775) (406)
Fair value change of other current assets and other non-current assets 8,825 1,262 8,827
Investment (income) loss 317 45 (337)
Net (gain) loss on disposal of subsidiaries 47,364 6,773 (896,977)
Derecognition of a contingent consideration 17,627 2,521 (4,089)
Interest accrued for other receivables (loan receivables) and prepayment for investment (13,735) (1,964) (9,433)
Share of income and impairment of affiliates, net 1,225 175 9,131
Deferred taxes (10,320) (1,476) 97,970
Property, plant and equipment written off 3,289
interest repayment for short term loan (94)
Interest paid (33) (5)
Changes in operating assets and liabilities:      
Accounts receivable and contract assets 69,931 10,000 55,694
Insurance premium receivables 96,096
Other receivables (168,759) (24,132) (265,175)
Other current assets (133,217) (19,050) 10,204
Other non-current assets 218,716 31,276 1,971
Accounts payable and accrued commissions (63,348) (9,059) (89,347)
Contract liabilities 42 6
Inventories (4,021) (575)
Insurance premium payables (28) (4)
Other payables and accrued expenses 156,789 22,420 318,587
Amount due to related parties (1,360) (194)
Accrued payroll 6,294 900 1,413
Income taxes payable (8,383) (1,199) (20,592)
Lease liabilities (9,746) (1,394) (29,052)
Other current liabilities (3,158)
Other tax liabilities 3,929 562 (1,981)
Net cash generated from operating activities (32,004) (4,577) 98,623
Cash flows from investing activities:      
Purchase of short term investments (17,037) (2,436) (289,694)
Proceeds from disposal of short term investments 3,295 471 248,063
Proceeds from disposal of an investment 11,629 1,663
Purchase of property, plant and equipment (2,925) (418) (4,241)
Proceeds from disposal of property, plant, and equipment 12,323 1,762 3,122
Disposal of subsidiaries, net of cash disposed (100,762) (14,409) (37,632)
Cash paid out for loan receivables from third parties (111,000)
Cash received for loan receivables from third parties 15,500
Purchase of intangible assets (637)
Investment to other investments (2,586)
Proceeds from disposal of other investments 1,800 257
Loan to related parties (5,587) (799)
Loan from related parties 37,865 5,415
Acquisition of subsidiary, net of cash acquired 2,513 359
Net cash used in investing activities (56,886) (8,135) (179,105)
Cash flows from financing activities:      
Proceeds of issuance of ordinary shares 4,196 600 94
Proceeds from bank borrowings and other borrowings 75,843 10,846 36,601
Repayment of bank borrowings and other borrowings (100,180) (14,326)
Proceeds on exercise of stock options 73 10 75
Acquisition of non-controlling interests in subsidiaries (3,795)
Net cash generated from (used in) financing activities (20,068) (2,870) 32,975
Net decrease in cash and cash equivalents, and restricted cash (108,958) (15,582) (47,507)
Cash and cash equivalents and restricted cash at beginning of period 105,315 15,060 370,396
Effect of exchange rate changes on cash and cash equivalents 5,182 742 916
Cash and cash equivalents and restricted cash at the end of period 1,539 220 323,805
Cash and cash equivalents at the end of the period 1,539   270,178
Restricted cash at the end of the period   53,627
Total of cash and cash equivalents and restricted cash at the end of period 1,539   323,805
Supplemental disclosure of cash flow information:      
Interests paid (33) (5)
Supplemental disclosure of non-cash flow information:      
Right-of-use assets obtained in exchange for lease obligations (9,399) (1,344) (10,233)
Acquisition of subsidiaries through issuing ordinary shares ¥ (2,513) $ (359)