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Related Party Balances and Transactions (Tables)
12 Months Ended
Jun. 30, 2021
Related Party Balances and Transactions  
Schedule of significant related parties and their relationships with the Group

Name of the related parties

    

Relation with the Group

Hywin Financial Holding Group Co., Ltd. (“Hywin Financial Holding”)

  

An entity ultimately controlled by Mr. HAN Hongwei

Ms. WANG Dian

  

Senior executive officer

Ms. WANG Pei

  

Spouse of Mr. HAN Hongwei

Mr. HAN Wangjuncheng

  

Son of Mr. HAN Hongwei

Yushang Group Co., Ltd.

  

a direct subsidiary of Hywin Financial Holding

Shanghai Yushang Commodity International Trade Co., Ltd.

  

an indirect subsidiary of Hywin Financial Holding

Shanghai Youqiding Asset Management Co., Ltd. (dissolved in January 2020)

  

an indirect subsidiary of Hywin Financial Holding

Hywin Asset Management Co., Ltd.

  

a direct subsidiary of Hywin Financial Holding

Tibet Haiyinhui Network Technology Co., Ltd. (dissolved in June 2021)

  

an entity ultimately controlled by Mr. HAN Hongwei

Yinling Group Entities (related parties of the Company for the years ended June 30, 2019 and 2020):

  

Entities controlled by Ms. WANG Dian

Shanghai Yinling Industrial Co., Ltd.

(Former Name: Yinling Finance Lease (Shanghai) Co., Ltd.)

  

Shanghai Yinling Financial Information Service Co., Ltd.

  

Shanghai Yinling Equity Investment Fund Co., Ltd.

  

Shanghai Yinling Asset Management Co., Ltd.

  

Shanghai Liuyi Industrial Co., Ltd.

(Former Name: Shanghai Yinlin Commercial Factoring Co., Ltd.)

  

Five Bulls Group Entities:

  

Entities controlled by an immediate family member of Mr. HAN Hongwei

Shanghai Five Bulls Asset Management Co., Ltd.

  

Five Bulls International Holding Group Limited

  

Five Bulls Holdings Limited

  

Shenzhen Five Bulls Industrial Investment Co., Ltd.

(Former name: Shenzhen Five Bulls Equity Investment Fund Management Co., Ltd.)

  

Affiliated companies of Shenzhen Five Bulls Industrial Investment Co., Ltd. and Five Bulls Holdings Limited

  

Real Estate Group Entities (related parties of the Company

for the years ended June 30, 2019 and 2020):

  

Entities controlled by an immediate family member of Mr. HAN Hongwei

Shanghai Lanyun Real Estate Co., Ltd.

  

Shanghai Danxiao Real Estate Co., Ltd.

  

Shanghai Suxiao Real Estate Co., Ltd.

  

Shanghai Yulan Real Estate Co., Ltd.

  

Shanghai Yubi Real Estate Co., Ltd.

  

Shanghai Biyu Real Estate Co., Ltd.

  

Schedule of the related party balances

    

As of June 30, 

2020

2021

2021

 

RMB

 

RMB

 

US$

Amount due from related parties

 

  

 

  

 

  

Deposit and prepayment to related parties for office lease contracts:

 

  

 

  

 

  

Real Estate Group Entities

 

2,248

 

 

Amounts lent to a related party (2):

 

  

 

  

 

  

Hywin Financial Holding Group Co., Ltd. (“Hywin Financial Holding”)

 

273,768

 

126,103

 

19,520

Due from a related party related to disposal of VIEs’ subsidiaries:

 

  

 

  

 

  

Ms. WANG Pei (3)

 

45,756

 

 

 

 

 

Due from related parties total

 

321,772

 

126,103

 

19,520

Amount due to related parties

 

  

 

  

 

  

Payable to related parties related to office lease contracts:

 

  

 

  

 

  

Real Estate Group Entities (4)

 

34,726

 

 

 

34,726

 

 

Loans borrowed from related parties, net (5):

 

  

 

  

 

  

Wang Dian

 

1,941

 

1,891

 

293

Han Yu

 

19

 

19

 

3

Yushang Group Co., Ltd.

 

7

 

328

 

52

Han Wangjuncheng

 

61

 

61

 

9

 

2,028

 

2,299

 

357

Dividend payable to a related party:

 

  

 

  

 

  

Ms. Wang Dian

 

22,500

 

22,500

 

3,482

Due to related parties-total

 

59,254

 

24,799

 

3,839

    

For the years ended June 30, 

2019

2020

2021

2021

 

RMB

 

RMB

 

RMB

 

US$

Wealth management and asset management services revenues from related parties

 

  

 

  

 

  

 

  

Yinling Group Entities

 

47,132

 

 

 

Hywin Asset Management Co., Ltd.

 

 

3,615

 

3,144

 

475

Five Bulls Group Entities

 

900

 

 

 

 

48,032

 

3,615

 

3,144

 

475

Rental expenses charged by related parties

 

  

 

  

 

  

 

  

Real Estate Group Entities

 

28,399

 

32,268

 

 

 

28,399

 

32,268

 

 

    

For the years ended June 30, 

2019

2020

2021

2021

 

RMB

 

RMB

 

RMB

 

US$

Service fee charged by a related party

 

  

 

  

 

  

 

  

Consulting service fee charged by Shanghai Yinling Financial Information Service Co., Ltd.

 

277

 

 

 

 

277

 

 

 

Net loans borrowed from/lent to related parties (5)

 

  

 

  

 

  

 

  

Loan lent to a related party, net

 

  

 

  

 

  

 

  

Hywin Financial Holding Group Co., Ltd. (1)

 

69,118

 

107,160

 

1,579

 

239

 

69,118

 

107,160

 

1,579

 

239

Collection of loans lent to related parties, net

 

  

 

  

 

  

 

  

Shanghai Yushang Commodity International Trade Co. Ltd.

 

 

40,000

 

 

Yushang Group Co., Ltd.

 

 

334

 

 

Shanghai Youqiding Asset Management Co., Ltd.

 

2,229

 

4,771

 

 

 

2,229

 

45,105

 

 

Loans borrowed from related parties, net

 

 

 

 

Tibet Haiyinhui Network Technology Co., Ltd.

 

754

 

1,941

 

 

Wang Dian

 

 

19

 

 

Yushang Group Co., Ltd.

 

 

7

 

321

 

48

Han Wangjuncheng

 

 

61

 

 

754

 

2,028

 

321

 

48