Segment Reporting (Tables)

12 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Group’s Operations by Business Segment

The following table shows the Group’s operations by business segment for the years ended June 30, 2022, 2023 and 2024.

	Year ended June 30,
	2022			2023			2024			2024
	RMB			RMB			RMB			US$
Net revenues
Insurance Agency		-			-			900,246			123,877
Claims Adjusting		-			-			222,114			30,564
Wealth Management		188,741			114,440			62,966			8,663
Total net revenues		188,741			114,440			1,185,326			163,104
Operating costs and expenses
Insurance Agency		-			-			(889,185	)		(122,356	)
Claims Adjusting		-			-			(219,417	)		(30,193	)
Wealth Management		(262,844	)		(173,244	)		(111,077	)		(15,283	)
Subtotal		(262,844	)		(173,244	)		(1,219,679	)		(167,832	)
Loss from operations before goodwill impairment
Insurance Agency		-			-			11,061			1,521
Claims Adjusting		-			-			2,697			371
Wealth Management		(74,103	)		(58,804	)		(48,111	)		(6,620	)
Subtotal		(74,103	)		(58,804	)		(34,353	)		(4,728	)
Impairment loss on goodwill		-			-			(426,410	)		(58,676	)
Loss from operations		(74,103	)		(58,804	)		(460,763	)		(63,404	)
Total other income (loss)		12,511			23,812			(37,242	)		(5,124	)
Loss before income taxes and share of loss of affiliates		(61,592	)		(34,992	)		(498,005	)		(68,528	)
Income tax benefit (expense)		925			(8,585	)		(12,945	)		(1,781	)
Share of loss of affiliates		-			-			(1,121	)		(154	)
Net loss		(60,667	)		(43,577	)		(512,071	)		(70,463	)

	As of June 30,
	2023		2024		2024
	RMB		RMB		US$
Segment assets
Insurance Agency		-		3,678,861		506,229
Claims Adjusting		-		359,374		49,452
Wealth Management		264,543		239,643		32,976
Total assets		264,543		4,277,878		588,657