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
|
|
|
|