CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Tables)

12 Months Ended

Jun. 30, 2026

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

Schedule of parent company balance sheets


		June 30,			June 30,			June 30,
		2025			2026			2026
		RMB			RMB			US Dollars
ASSETS
Cash		¥	58,938,178		¥	11,953,256		$	1,761,692
Short-term investments			3,599,211			—			—
Due from intercompany*			467,888,857			661,896,728			97,551,507
Other current assets			101,882,614			603,033			88,875
Total Current Assets			632,308,860			674,453,017			99,402,074

Investment in subsidiaries and VIEs			(162,651,169)			(106,583,828)			(15,708,512)
Total Assets		¥	469,657,691		¥	567,869,189		$	83,693,562

LIABILITIES AND SHAREHOLDERS’ EQUITY
Other current liabilities			2,229,485			1,542,050			227,270
Total Current Liabilities			2,229,485			1,542,050			227,270

Warrant liability - non-current			688			—			—
Total Liabilities		¥	2,230,173		¥	1,542,050		$	227,270

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY
Class A ordinary shares, $0.02 U.S. dollar par value, 2,500,000 shares authorized and $0.02 U.S. dollar par value, 15,000,000 shares authorized as of June 30, 2025 and June 30, 2026, respectively; 53,154 shares and 353,154 shares issued and outstanding as of June 30, 2025 and June 30, 2026, respectively**			101,548			142,646			21,023
Class B ordinary shares, $0.0001 U.S. dollar par value, 80,000,000 shares authorized and $0.0001 U.S. dollar par value, 200,000,000 shares authorized as of June 30, 2025 and June 30, 2026, respectively; 20,000,000 shares and 20,000,000 shares issued and outstanding as of June 30, 2025 and June 30, 2026, respectively			14,038			14,038			2,069
Additional paid-in capital			692,569,747			827,448,759			121,950,857
Accumulated deficit			(258,751,710)			(288,411,758)			(42,506,633)
Accumulated other comprehensive income			33,493,895			27,133,454			3,998,976
Total Shareholders’ Equity			467,427,518			566,327,139			83,466,292

Total Liabilities and Shareholders’ Equity		¥	469,657,691		¥	567,869,189		$	83,693,562

*	Due from intercompany are eliminated upon consolidation.

**	Retrospectively restated for the 1-for-200 reverse stock split effective on August 18, 2026.

Schedule of parent company statements of operations and comprehensive loss


		For the years ended June 30,
		2024			2025			2026			2026
		RMB			RMB			RMB			US Dollars
Revenue		¥	—		¥	—		¥	—		$	—
Cost of revenue			—			—			—			—

Gross profit			—			—			—			—

General and administrative expenses			44,012,602			27,947,713			31,152,145			4,591,258
Provision for credit losses			—			—			—			—
Loss from operations			(44,012,602)			(27,947,713)			(31,152,145)			(4,591,258)

Fair value changes of warrants liability			(933,995)			6,226			671			99
Other income			17,386,784			8,950,199			2,878,285			424,207

Equity in loss of subsidiaries, VIEs and VIEs’ subsidiaries			(22,311,446)			(23,597,266)			(1,386,859)			(204,398)

Net loss		¥	(49,871,259)		¥	(42,588,554)		¥	(29,660,048)		$	(4,371,350)

Foreign currency translation adjustment			2,009,476			(3,642,754)			(6,360,441)			(937,413)
Comprehensive loss attributable to the Company		¥	(47,861,783)		¥	(46,231,308)		¥	(36,020,489)		$	(5,308,763)

Schedule of parent company statements of cash flows


		For the years ended June 30,
		2024			2025			2026			2026
		RMB			RMB			RMB			US Dollars

Cash flows from operating activities:
Net loss		¥	(49,871,259)		¥	(42,588,554)		¥	(29,660,048)		$	(4,371,350)
Adjustments to reconcile net cash flows from operating activities:
Changes in warrants liabilities			933,995			(6,226)			(671)			(99)
Amortization of offering cost of warrants			—			—			—			—
Provision for doubtful accounts			—			—			—			—
Restricted shares issued for management and employees			22,427,682			10,279,881			12,687,016			1,869,835
Accrued interest income from loans to third parties			(4,058,536)			(8,253,064)			—			—
Accrued interest income from short-term investment			(885,394)			(17,411)			—			—
Restricted shares issued for services			1,070,143			—			—			—
Expensing of deferred financing costs			—			—			2,190,469			322,835
Equity in earnings of subsidiaries and VIEs			22,311,446			23,597,266			1,386,859			204,398
Other current assets			3,743,536			(89,032)			88,158			12,992
Other current liabilities			(1,474,244)			(261,185)			(687,433)			(101,315)

Net cash used in operating activities			(5,802,631)			(17,338,325)			(13,995,650)			(2,062,704)

Cash flows from investing activities:
Investment in consolidated entity			—			—			(29,854,440)			(4,400,000)
Repayments from loans to third parties			75,987,831			100,000,000			93,770,082			13,820,000
Payments made for loans to third parties			(165,837,504)			(21,490,800)			—			—
Payments for short-term investments			(87,206,400)			(3,581,800)			—			—
Redemption of short-term investments			—			87,239,515			3,496,550			515,328
Due from intercompany, VIEs and VIEs’ subsidiaries			(84,211,565)			(92,151,863)			(194,007,871)			(28,593,222)

Net cash (used in) provided by investing activities			(261,267,638)			70,015,052			(126,595,679)			(18,657,894)

Cash flows from financing activities:
Proceeds from sale of common share, net of issuance costs			77,711,533			(2,529,724)			122,233,094			18,014,929
Redemption of warrants			(32,617,499)			—			—			—
Net cash (used in) provided by financing activities			45,094,034			(2,529,724)			122,233,094			18,014,929

Effect of exchange rate fluctuation on cash			2,302,664			(7,681,843)			(28,626,687)			(4,219,052)

Net increase (decrease) in cash			(219,673,571)			42,465,160			(46,984,922)			(6,924,721)

Cash, beginning of year			236,146,589			16,473,018			58,938,178			8,686,413

Cash, end of year		¥	16,473,018		¥	58,938,178		¥	11,953,256		$	1,761,692