v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Jun. 30, 2026
CNY (¥)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
CNY (¥)
Jun. 30, 2024
CNY (¥)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2023
CNY (¥)
Cash flows from operating activities:              
Net loss ¥ (31,644,996) $ (4,663,896) ¥ (43,701,277) ¥ (51,435,840)      
Adjustments to reconcile net income (loss) to net cash used in operating activities:              
Depreciation and amortization 2,870,387 423,043 3,147,936 2,844,025      
Loss from disposal of property and equipment 314 46 12,410 35,325      
(Gain) loss in fair value changes of warrants liability (671) (99) (6,226) 933,995      
Allowance for (net recovery of) credit losses 4,094,917 603,516 (2,856,803) 4,086,505      
Allowance (reversal) for slow moving inventories (30,722) (4,528) (1,251,279) 886,991      
Amortization of right of use assets 2,915,356 429,670 4,571,501 1,636,215      
Restricted shares issued for management and employees 12,687,016 1,869,835 10,279,881 22,427,682      
Restricted shares issued for services 0 0 0 1,070,143      
Loss from investment in unconsolidated entity 1,102,361 162,468 0 0      
Cash position changes due to the decrease of ownership interest (32,811) (4,836) 0 0      
Accrued interest income from loans to third parties (9,116,577) (1,343,617) (5,288,121) (6,998,866)      
Accrued interest income from short-term investment (5,007) (738) (17,411) (885,394)      
Expensing of deferred financing costs 2,529,724 372,835 0 0      
Changes in operating assets and liabilities:              
Notes receivable (200,000) (29,476) 1,341,820 2,400,570      
Accounts receivable (12,107,973) (1,784,494) 1,686,887 (12,151,359)      
Inventories (28,080) (4,138) 267,413 5,590,058      
Other receivables (5,840,026) (860,713) (531,445) 31,908      
Other receivables-related parties (332,024) (48,934) 208,000 (275,976)      
Purchase advances (43,515,113) (6,413,334) (5,057,967) (2,422,123)      
Contract costs 29,704,410 4,377,888 (363,721) (4,400,442)      
Prepaid expense (412,401) (60,781) 12,370 (51,467)      
Operating lease liabilities (2,008,468) (296,012) (4,869,474) (2,907,014)      
Accounts payable (4,208,390) (620,240) 1,940,574 (604,203)      
Other payables (2,645,098) (389,839) 3,399,579 (3,020,216)      
Other payables-related parties (2,277,818) (335,709) 628,308 (293,326)      
Contract liabilities (3,049,519) (449,443) 2,898,774 (927,884)      
Contract liabilities-related parties 400,000 58,953 0 0      
Accrued payroll and employees' welfare 1,714,862 252,739 (24,937) 854,644      
Taxes payable 634,382 93,496 (197,966) (171,884)      
Net cash used in operating activities (58,801,965) (8,666,338) (33,771,174) (43,747,933)      
Cash flows from investing activities:              
Investment in unconsolidated entity (700,000) (103,167) 0 0      
Purchases of property and equipment (307,295) (45,290) (1,010,812) (282,184)      
Proceeds from disposal of property and equipment 3,580 528 2,000 20,000      
Purchase of land use right 0 0 0 (15,000,251)      
Repayments of loans to third parties 96,417,165 14,210,132 100,478,982 117,522,129      
Payments made for loans to third parties (166,200,000) (24,494,849) (140,490,800) (196,437,504)      
Payments and prepayments for construction in progress (52,653,099) (7,760,107) (8,924,101) (219,132)      
Payments for short-term investments (9,000,000) (1,326,436) (3,581,800) (203,481,600)      
Redemption of short-term investments 3,496,550 515,328 87,239,515 300,863,518      
Net cash (used in) provided by investing activities (128,943,099) (19,003,861) 33,712,984 2,984,976      
Cash flows from financing activities:              
Proceeds from short-term bank loans 15,305,000 2,255,678 10,476,000 11,581,000      
Repayments of short-term bank loans (15,582,198) (2,296,532) (11,319,623) (11,632,755)      
Proceeds from short-term borrowings-related parties 0 0 0 10,000,000      
Repayments of short-term borrowings-related parties 0 0 0 (10,018,222)      
Proceeds from issuance of common stock 121,893,839 17,964,929 (2,529,724) 77,711,533      
Redemption of warrants 0 0 0 (32,617,499)      
Payments to acquire noncontrolling interests (1,950,000) (287,394) 0 0      
Capital contribution by controlling shareholders 0 0 100,000 0      
Net cash (used in) provided by financing activities 119,666,641 17,636,681 (3,273,347) 45,024,057      
Effect of exchange rate fluctuation on cash and restricted cash (1,058,680) (156,030) (8,626,292) 1,722,165      
Net increase (decrease) in cash and restricted cash (69,137,103) (10,189,548) (11,957,829) 5,983,265      
Cash and restricted cash at beginning of year 98,882,781 14,573,519 110,840,610 104,857,345      
Cash and restricted cash at end of year 29,745,678 4,383,971 98,882,781 110,840,610      
Reconciliation of cash and restricted cash, beginning of year              
Cash and restricted cash at beginning of year 98,882,781 14,573,519 110,840,610 104,857,345      
Cash 29,745,574   98,874,577 109,991,674 $ 4,383,955 $ 14,572,310 ¥ 104,125,800
Restricted cash 104   8,204 848,936 $ 16 $ 1,209 ¥ 731,545
Cash and restricted cash at end of year 29,745,678 4,383,971 98,882,781 110,840,610      
Supplemental cash flow information              
Cash paid during the year for interest 1,042,505 153,646 1,070,781 659,472      
Cash paid during the year for income tax 0 0 1,609 0      
Non-cash investing and financing activities              
Right-of-use assets obtained in exchange for operating lease obligations 6,752,841 995,246 0 8,303,099      
Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement 1,371,606 202,150 1,886,347 61,301      
Payable for construction in progress 21,712,302 3,199,997 7,270,577 0      
Capital contribution receivable due from non-controlling Interest 0 0 724,408 0      
Investment in unconsolidated entity resulting from transfer out of control ¥ 1,124,974 $ 165,801 ¥ 0 ¥ 0