0001213900-24-073574 | 20-F | XBRL Viewer

Accounting Policies, by Policy (Policies)

12 Months Ended

Jun. 30, 2024

Summary of Significant Accounting Policies [Abstract]

(a)

Basis of presentation

The consolidated financial statements of the Group have been prepared in accordance with U.S. GAAP. Significant accounting policies followed by the Group in the preparation of the accompanying consolidated financial statements are summarized below.

Principles of consolidation

(b)

Principles of consolidation

The consolidated financial statements include the financial statements of the Company, its subsidiaries, and the consolidated VIEs (including the VIEs’ subsidiaries).

Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors.

A consolidated VIE is an entity in which the Company, or its subsidiaries, through contractual arrangements, has the power to direct the activities that most significantly impact the entity’s economic performance, and the right to receive benefit from the entity that could potentially be significant to the entity, and therefore the Company or its subsidiaries shall be deemed to have a controlling financial interest in the entity and is the primary beneficiary of the entity.

All significant intercompany transactions and balances between the Company, its wholly owned subsidiaries and the consolidated VIEs have been eliminated upon consolidation.

Use of estimates

(c)

Use of estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires the Group to make estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosure of contingent assets and liabilities at the balance sheet date, and the reported revenues and expense during the reporting period and disclosed in the consolidated financial statements and accompanying notes.

Accounting estimates reflected in the Group’s consolidated financial statements include revenue recognition based on the estimated average learning period of the learners, standalone selling price of each distinct performance obligation in revenue recognition, estimate of refund liabilities, recognition of breakage revenue from inactive learners, variable consideration in revenue recognition, provision of credit losses of receivables, inventory write down, fair value of short-term investments and long term investments, initial measurement of leases, depreciation and amortization of long-lived assets, impairment of long-lived assets, the valuation allowance of deferred tax assets, as well as the valuation and recognition of share-based compensation arrangements. Actual results could differ from those estimates and such differences may be material to the consolidated financial statements.

Foreign currency translation

(d)

Foreign currency translation

The Group’s reporting currency is Renminbi (“RMB”). The functional currency of the Company and the Group’s subsidiaries incorporated in the Cayman Islands, BVI and Hong Kong is United States dollars (“US$”). The Group’s PRC subsidiaries determined their functional currency to be RMB. The determination of the respective functional currency is based on the criteria set out by ASC 830, Foreign Currency Matters.

Transactions denominated in foreign currencies other than functional currency are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies other than functional currency are remeasured into the functional currency at the exchange rates prevailing at the balance sheet date. Exchange gains or losses arising from foreign currency transactions are recorded in the consolidated statements of operations and comprehensive (loss)/income.

The financial statements of the Group’s non-PRC entities are translated from their respective functional currency into RMB. Assets and liabilities denominated in foreign currencies are translated into RMB using the applicable exchange rates at the balance sheet date. Equity accounts other than earnings generated in current period are translated into RMB at the appropriate historical rates. Revenues, expenses, gains and losses are translated into RMB using the average exchange rates for the relevant period.

The resulting foreign currency translation adjustments are recorded as a component of accumulated other comprehensive income/(loss) in the consolidated statement of changes in invested equity and a component of other comprehensive income/(loss) in the consolidated statement of operations and comprehensive (loss)/income.

Convenience translation

(e)

Convenience translation

Translations of the consolidated balance sheet, the consolidated statement of operations and comprehensive (loss)/income and the consolidated statement of cash flows from RMB into US$ as of and for the year ended June 30, 2024 are solely for the convenience of the readers and have been calculated at the rate of US$1.00=RMB7.2672, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on June 28, 2024. No representation is made that the RMB amounts could have been, or could be, converted, realized, or settled into US$ at that rate on June 30, 2024, or at any other rate.

Cash and cash equivalents

(f)

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand, time deposits, and funds held in deposit accounts with banks, which are highly liquid and have original maturities of three months or less and are unrestricted as to withdrawal or use.

Accounts receivable

(g)

Accounts receivable

Accounts receivable is recorded at the invoiced amount and do not bear interest. Accounts receivable mainly represent marketing service fees receivable from insurance intermediaries and securities brokerage firms.

The Group’s other receivables which were recorded as a component of the prepaid expenses and other current assets and other non-current assets are within the scope of ASC Topic 326.

To estimate expected credit losses, in accordance with ASC Topic 326, the Group has identified the relevant risk characteristics of its customers and the counterparties and the related accounts receivables and other receivables which include size, type of the services or the products the Group provides, or a combination of these characteristics. Receivables with similar risk characteristics have been grouped into pools. For each pool, the Group considers the past collection experience, current economic conditions, future economic conditions (external data and macroeconomic factors) and changes in the Group’s customer collection trends. This is assessed at each quarter based on the Group’s specific facts and circumstances. The allowance for credit losses and corresponding receivables were written off when they are determined to be uncollectible.

Inventories

(h)

Inventories

Inventories, consisting of products available for sale, are recorded at the lower of cost or net realizable value. Cost of inventories is determined using the weighted average cost method. Net realizable value is based on estimated selling prices in the ordinary course of business, less reasonably predictable selling cost. Write-down is recorded when future estimated net realizable value is less than cost, which is recorded in cost of revenues in the consolidated statements of operations and comprehensive (loss)/income.

Fair value measurement

(i)

Fair value measurement

Accounting guidance defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact, and it considers assumptions that market participants would use when pricing the asset or liability.

Accounting guidance establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Accounting guidance establishes three levels of inputs that may be used to measure fair value:

●

Level 1 applies to assets or liabilities for which there are quoted prices, in active markets for identical assets or liabilities.

●

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical asset or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

●

Level 3 applies to asset or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The carrying amount of cash and cash equivalents, restricted cash, accounts receivable, amounts due from related parties, other receivables, accounts payables, and accrued expenses and other current liabilities approximates their fair values because of their short-term nature. Operating lease liabilities are measured at amortized cost using discounted rates reflected time value of money, thus the carrying amount approximates its fair value. The Group’s short-term investments mainly consisted of wealth management products which contain variable returns, and are measured at fair value (Note 2(j)). For investments in preferred shares that provide the Group redemption rights, the Group elected the fair value option in accordance with ASC Topic 825 (Note 2(o)).

Accounting guidance also describes three main approaches to measure the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset.

When available, the Group uses quoted market prices to determine the fair value of an asset or liability. If quoted market prices are not available, the Group will measure fair value using valuation techniques that use, when possible, current market-based or independently sourced market parameters, such as interest rates and currency rates.

The Group’s non-financial assets, such as property and equipment, intangible assets and goodwill, would be measured at fair value only if they were determined to be impaired.

Short-term investments

(j)

Short-term investments

Short-term investments include (i) wealth management products with variable interest rates or principal non-guaranteed issued by certain financial institutions; (ii) investment in private fund with variable returns which is redeemable on demand after certain lock-up period; (iii) investment in structured notes with principal not protected and with variable returns referenced to performance of underlying assets issued by financial institutions. In accordance with ASC 825, Financial Instruments, for financial products with variable returns referenced to performance of underlying assets, the Group elected the fair value method at the date of initial recognition and carries these investments at fair value. Changes in the fair value of these investments are reflected in the consolidated statements of operations and comprehensive (loss)/income as investment income and included in “others, net”. Fair value is estimated based on quoted prices of similar products provided by financial institutions at the end of each reporting period.

Prepayments and other current assets

(k)

Prepayments and other current assets

Prepayments and other current assets mainly consist of prepayments for promotion fees and other service fees, prepaid input value-added tax, deposits, and receivables from third party payment platforms (see Note 6). Prepayments and other current assets are stated at the historical carrying amount net of the allowance for credit losses. The Group reviews other assets on a periodic basis and makes allowances when there is doubt as to the collectability of individual balances. Other assets are written off when they are determined to be uncollectible.

Property and equipment, net

(l)

Property and equipment, net

Property and equipment are recorded at cost, less accumulated depreciation and impairment. Depreciation of property and equipment is calculated on a straight-line basis, after consideration of expected useful lives and estimated residual values. The Group has not recorded any impairments of property and equipment for the period presented. The estimated useful lives of these assets are generally as follows:

Category		Estimated useful life

Leasehold improvement		Shorter of the lease term or estimated economic life
Computer and electronic equipment		3 years
Furniture and mechanical equipment		5 years

Repairs and maintenance costs are charged to expenses as incurred, whereas the costs of renewals and betterment that extend the useful lives of property, plant and equipment are capitalized as additions to the related assets. Gains and losses from the disposal of property and equipment are included in the consolidated statements of operations and comprehensive (loss)/income.

Intangible assets

(m)

Intangible assets

Intangible assets are carried at cost, less accumulated amortization and impairment, if any. Intangible assets acquired in a business combination were recognized initially at fair value at the date of acquisition. Amortization of finite-lived intangible assets is computed using the straight-line method over the estimated useful lives, which is as follows:

Category		Estimated useful life

Insurance brokerage license		52 months
Software		1 year to 2 years
Brand name		5 years

Goodwill

(n)

Goodwill

Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations. Goodwill is not amortized, but tested for impairment annually or more frequently if event and circumstances indicate that it might be impaired.

Goodwill is tested for impairment at the reporting unit level on an annual basis (June 30 for the Group) and between annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying value. These events or circumstances include a significant change in stock prices, business environment, legal factors, financial performances, competition, or events affecting the reporting unit. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit.

The Group first assess qualitative factors to determine whether it is “more likely than not” that the fair value of a reporting unit is less than its carrying amount. If as a result of the qualitative assessment, it is more likely than not that the fair value of the reporting unit is less than its carrying amount, the quantitative impairment test is mandatory. Otherwise, no further testing is required. The quantitative impairment test consists of a comparison of the fair value of each reporting unit with its carrying amount, including goodwill. If the carrying amount of each reporting unit exceeds its fair value, an impairment loss equal to the difference between the fair value of the reporting unit and its carrying amount will be recorded.

Based on the results of the quantitative goodwill impairment test, a full impairment charge in goodwill of RMB7,389 (US$1,017) was recorded in the consolidated statements of operations and comprehensive (loss)/income for the year ended June 30, 2024. After the impairment provision, the carrying value of goodwill was reduced to nil as of June 30, 2024

Long-term investments Investments

(o)

Long-term investments

Investments accounted for at fair value

For investments in preferred shares that provide the Group redemption rights, the Group elected the fair value option in accordance with ASC Topic 825. The investments accounted for under the fair value option are carried at fair value with realized or unrealized gains and losses recorded on consolidated statements of operations and comprehensive (loss)/income in “Others, net”.

Investment in a partnership enterprise

Where consolidation is not appropriate, the Group applies the equity method of accounting that is consistent with ASC 323 “Investments - Equity Method and Joint Ventures” to the investments in limited partnerships. For the investments in limited partnerships, the equity method of accounting for investments is generally appropriate for accounting by limited partners. According to ASC 323-30-S99-1, the investments in all limited partnerships should be accounted for pursuant to paragraph 970-323-25-6. That guidance requires the use of the equity method unless the investor’s interest “is so minor that the limited partner may have virtually no influence over partnership operating and financial policies.” Investments of more than 3 to 5 percent are generally viewed to be more than minor. The Group’s share of the investee’s profit and loss is recognized in the consolidated statements of operations and comprehensive (loss)/income of the period.

The Group continually reviews its investment in equity investees under the equity method to determine whether a decline in fair value to below the carrying value is other-than-temporary. The primary factors the Group considers in its determination are the duration and severity of the decline in fair value, the financial condition, operating performance and the prospects of the equity investee, and other company specific information such as recent financing rounds.

Impairment of long-lived assets other than goodwill

(p)

Impairment of long-lived assets other than goodwill

Long-lived assets are evaluated for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will affect the future use of the assets) indicate that the carrying value of an asset may not be fully recoverable or that the useful life is shorter than the Group had originally estimated. When these events occur, the Group evaluates the impairment for the long-lived assets by comparing the carrying value of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying value of the assets, the Group recognizes an impairment loss based on the excess of the carrying value of the assets over the fair value of the assets.

During the year ended June 30, 2024, the Group recorded long-lived assets impairment of RMB2,652 (US$365) related to the intangible asset arisen from the business combination.

Operating Lease

(q)

Operating Lease

The Group accounts for leases in accordance with ASC 842, Leases (“ASC 842”), which requires lessees to recognize leases on the balance sheet and disclose key information about leasing arrangements.

The Group has operating leases primarily for office space. The determination of whether an arrangement is a lease or contains a lease is made at inception by evaluating whether the arrangement conveys the right to use an identified asset and whether the Group obtains substantially all the economic benefits from and has the ability to direct the use of the asset. The Group elects not to apply the recognition requirements of ASC 842 to short-term leases. Variable lease payments are the payments made by a lessee to a lessor for the right to use an underlying asset that vary because of changes in facts or circumstances occurring after the commencement date, other than the passage of time. Variable lease payments are recorded in the period in which the obligation for the payment is incurred. Other operating leases are included in operating lease right-of-use assets, operating lease liabilities, current portion, and operating lease liabilities, non-current portion on the consolidated balance sheets.

The Group uses the implicit rate when readily determinable, or its incremental borrowing rate based on the information available, at the commencement date in determining the present value of lease payments. Certain leases include renewal options and/or termination options. Renewal options are included in the lease term if the Group is reasonably certain to exercise those options while options to terminate the lease are only included in the lease term if the Group is reasonably certain not to exercise those options. Lease expenses are recorded on a straight-line basis over the lease term.

Treasury stock

(r)

Treasury stock

The Group accounts for treasury shares using the cost method. Under this method, the cost incurred to purchase the shares is recorded in the treasury stock account on the consolidated balance sheets. Treasury stock is shown separately in the shareholders’ equity before the ultimate disposition of those shares acquired. When the treasury shares are reissued, the Group reduces treasury shares at an amount equal to its cost, and record the reissuance gain in additional paid-in capital; in the case of reissuance loss, the Group record the reissuance loss in additional paid-in capital to the extent of prior reissuance gains, the remaining is recorded against retained earnings, or in the absence of retained earnings, by charging against additional paid-in capital. Once additional paid-in capital has been exhausted, additional charges are recorded by increasing the accumulated deficit. At retirement or cancellation of the treasury stock, the ordinary shares account is charged only for the aggregate par value of the shares. The excess of the acquisition cost of treasury stock over the aggregate par value is charged to retained earnings.

Net (loss)/income per ordinary share

(s)

Net (loss)/income per ordinary share

Basic net (loss)/income per ordinary share is computed by dividing net (loss)/income attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. For the calculation of diluted net (loss)/income per ordinary share, the weighted average number of ordinary shares is adjusted by the effect of potential dilutive ordinary shares, including ordinary shares issuable upon the exercise of outstanding share options using the treasury stock method. The effect mentioned above is not included in the calculation of the diluted net (loss)/income per ordinary share when inclusion of such effect would be anti-dilutive.

The shares repurchased by the Company are excluded from the number of shares outstanding for purposes of computing basic and diluted net (loss)/income per ordinary share in accordance with ASC 260.

Non-controlling interests

(t)

Non-controlling interests

The Group’s consolidated financial statements include entities in which the Company has a controlling financial interest. Earnings or losses attributable to non-controlling interest shareholders of its subsidiaries and VIEs are classified separately as “non-controlling interests” in the Company’s consolidated statements of operations and comprehensive (loss)/income.

Business combination and business disposal

(u)

Business combination and business disposal

Business combinations are recorded using the acquisition method of accounting. The purchase price of the acquisition is allocated to the tangible assets, liabilities, identifiable intangible assets acquired and non-controlling interest, if any, based on their estimated fair values as of the acquisition date. The excess of the purchase price over those fair values is recorded as goodwill. Acquisition-related expenses are expensed as incurred.

Consideration transferred in a business combinations are measured at the fair value as of the date of acquisition. Where the consideration in an acquisition includes contingent consideration, and the payment of which depends on the achievement of certain specified conditions post-acquisition, the contingent consideration is recognized and measured at its fair value at the acquisition date and is recorded as a liability. It is subsequently carried at fair value with changes in fair value reflected in earnings.

In a business combination achieved in stages, the Group remeasures the previously held equity interest in the acquiree immediately before obtaining control at its acquisition-date fair value and the remeasurement gain or loss, if any, is recognized in the consolidated statements of operations and comprehensive (loss)/income.

The Group accounts for its business combinations using the acquisition method of accounting in accordance with ASC 805, Business Combinations. When there is a change in ownership interests or a change in contractual arrangements that results in a loss of control of a subsidiary, the Company deconsolidates the subsidiary from the date control is lost. Any retained noncontrolling investment in the former subsidiary is measured at fair value and is included in the calculation of the gain or loss upon deconsolidation of the subsidiary. For a disposal of business under common control, the Group reports the transfer as a disposal pursuant to ASC 360-10, and any difference between the proceeds received by the transferring entity and the book value of the disposal group (after impairment included in earnings, if any) would be recognized as a capital transaction and no gain or loss would be recorded in the consolidated statements of operations and comprehensive (loss)/income.

Revenue recognition

(v)

Revenue recognition

The Group is principally engaged in the operation of an online platform to provide individual online learning services to the individual learners and enterprise services to financial intermediary enterprises in the PRC.

Under ASC 606, the Group determined revenue recognition through the following steps:

Identification of the contract, or contracts, with a customer;

Identification of the performance obligations in the contract;

	-	Determination of the transaction price, including the constraint on variable consideration;

Allocation of the transaction price to the performance obligations in the contract;

Recognition of revenue when (or as) the Group satisfies a performance obligation.

Revenue is measured at the fair value of the consideration received or receivable, and represents amounts receivable for services provided, stated net of discounts, sales incentives, refunds and value-added taxes (“VAT”) collected from customers and remitted to tax authorities. Revenue is recognized when or as the control of the services is transferred to the customer. If control of the services transfers over time, revenue is recognized over the period of the contract by measuring the progress towards complete satisfaction of that performance obligation. Otherwise, revenue is recognized at a point in time when the customer obtains control of the services.

Contracts with customers may include multiple performance obligations. For such arrangements, the Group allocates transaction price to each performance obligation based on its relative standalone selling price. The Group generally determines the standalone selling prices based on the prices charged to customers. Assumptions and estimations have been made in estimating the relative selling price of each distinct performance obligation, and changes in judgments on these assumptions and estimates may impact the revenue recognition.

The Group earns its revenues primarily by providing: (i) self-operated online learning services of premium courses to learners through its own online platforms and cooperated online learning services; (ii) enterprise services, including marketing and referral services to insurance intermediaries and securities brokerage firms; (iii) consumer business; and (iv) others.

(i)

Online learning services

The online learning services provided by the Group principally include online financial literacy courses, skills upgrading courses and recreation and leisure courses.

As the Group’s revenue from other personal interest courses increased significantly, the Group changed its presentation of revenues to split other personal interest courses into skills upgrading courses and recreation and leisure courses, and retrospectively applied the presentation change for all periods presented.

Self-operated online learning services

The self-operated online learning services refer to online courses whereby the course contents are designed and developed by the Group. The Group is responsible for fulfilling all obligations of the online course delivery according to its sales contracts with the learners. Therefore, the Group determines that the individual learners are the Group’s customers and recognizes revenue on a gross basis.

The Group delivered the self-operated online courses through its own online platforms, including QiNiu (rebranded from KuaiCai), QianChi (rebranded from BanCai) and JiangZhen, and there are two modes of delivery, namely (i) online community-based training camps or (ii) self-study e-learnings. With respect to an online community-based training camp, it typically includes organized online interactions between the Group’s tutors and the learners in a form of training camp communities or online mentoring, online access of pre-recorded lectures designated for the training camps and certain broadcasting lectures. The Company considered that these elements in a training camp are not separately identifiable from each other, as the training camp represents the combined output for which the learners have contracted. With respect to a self-study e-learning, it is delivered in a form of pre-recorded lessons for the learners to self-study. The promise to provide access to all lessons of the self e-learnings is a series of distinct services as providing access each day is substantially the same. Therefore, each training camp and self-study e-learning is accounted for as a single performance obligation.

All contracts with the learners are billed in advance and upfront full payment of the fee by the learners is required prior to accessing any enrolled course contents. For sales of packages of training camps and self-study e-learnings of different online courses, the Company allocated the transaction price of the package to the different online courses therein based on their relative standalone selling price.

Revenues of a training camp and of a self-study e-learning are recognized over time as the learners simultaneously receives and consumes the benefits provided by the online courses as they retain access to the course contents.

Contractually, through accessing to the Group’s online platforms, the learners retain access to the training camps or self-study e-learnings they purchased for a specified course period (typically ranging from 14 calendar days to 1 year for a training camp and 60 to 90 calendar days for a self-study e-learning) since the training camp commencement date or the purchase date of the e-learnings. However, for certain courses, the Group in practice discretionally allows the learners to retain access to the course contents beyond the corresponding contractual expiry dates. Therefore, the Group recognizes online course revenue ratably over the agreed course period that it provides services to the learners, or, in the case that access beyond the contractual expiry dates is allowed in practice, over the longer of the corresponding contractual service period and the estimated average learning period (the “Average Learning Period”) of the learners, starting when the online courses can be accessed by the learners and the full-refund period expires.

The Group considers a portfolio of relevant data, where available, when estimating the Average Learning Period of the learners for each individual online course, including the weighted-average number of days between the learners’ first and last access to the course contents, and the weighted average total hours spent by the learners to learn the course. The Group believes that considering these factors enables it to determine the best estimation of the time period during which the learners access the online course content and therefore the service period over which the Group provides services to the learners. For the years ended June 30, 2022, 2023 and 2024, the Average Learning Period of the learners is estimated to be in the range of approximately one to three months. While the Group believes its estimates to be reasonable based on the currently available learners’ information, it may revise such estimates in the future according to the change in pattern of the learners’ learning behavior. Any adjustments arising from changes in the estimates of the Average Learning Periods is applied prospectively. Considering that the events or circumstances may change to suggest changes in the estimate made, the Group assesses the Average Learning Period for different courses on an annual basis or more frequently when there is an indicator for changes in circumstances.

For online community-based training camps, the learners start the learning process by selecting a camp and unlocking the courses in the camp. The Group’s experience shows that a certain portion of learners (the “Inactive Learners”) do not exercise their rights to unlock the training camps and start the learning process, these unexercised rights are referred to as “breakage”. Due to limited historical experience and historical data, the Group currently cannot make an estimation about the breakage amount expected to be entitled to, so the breakage amount is only recognized as revenue when the likelihood of the learners exercising their rights becomes remote in accordance with ASC 606-10-55-48.

The Group continuously observes and analyzes the behavior of those Inactive Learners after their purchase, to determine when it becomes remote that the learners will start the learning process. No breakage revenue was recognized for the years ended June 30, 2022 and 2023 as the remote condition had not been met. In March 2023, the Group started to assign long term Inactive Learners to training camps and unlock the courses for them. The Group recognized breakage revenue of RMB161,467 for the year ended June 30, 2024 as learner behavior shows that remote condition has been met after the courses were unlocked.

The Group will be able to estimate the breakage amount expected to be entitled to when it has accumulated sufficient historical experience and data, and will recognize the expected breakage amount as revenue in proportion to the pattern of rights actually exercised by the learners.

Cooperated online learning services

During the year ended June 30, 2022, the Group generates revenue from cooperated online learning service by providing a platform through JiangZhen, through which third party online learning service providers can offer their learning services to individual learners. The Group enters into contracts with the learners and also the third-party learning service providers. The Group is only responsible for referring the individual learners to the service provider, while the third-party learning service provider is responsible for developing the course content, delivering the online courses, providing customer support, and providing maintenance of servers allowing the users to access the contents. The Group determines that it is not the principal to the individual learners in this business and revenue is recognized on a net basis at the point in time when the referral service is completed.

(ii)

Enterprise services

Revenue from enterprise services mainly includes marketing and referral fees earned from enterprise customers including financial intermediary enterprises which consist of insurance intermediaries and securities brokerage firms, and small-to-medium entities. The Group’s online education content enables third party financial intermediary enterprises to place their sponsored links and reach learners who have desire to purchase insurance products, to open new security trading accounts, or to purchase other products or services provided by the financial intermediary enterprises and small-to-medium entities.

Performance-based online marketing service contracts are signed between the Group and enterprise customers to establish the service to be provided by the Group and relevant performance measures. The Group is responsible for referring the individual learners to the financial intermediary enterprises or referring the products provided by enterprise customers to the individual learners. No enterprise service contract is signed between the Group and the learners who click on the sponsored links.

The Group considered the enterprise customers as its customers, and recognized performance-based online marketing and referral service revenue at the point in time when the service is completed. The determination of the revenue from enterprise services is based on (i) the number of eligible leads referred to the financial intermediary enterprises and (ii) a percentage-based commission or standard unit price for each qualified lead referred. The eligible leads referred to an insurance intermediary are typically leads which successfully purchased insurance products through the insurance intermediary. The eligible leads to a securities brokerage firm are typically leads which successfully opened a brokerage account with the brokerage firm and satisfied quality requirements, including maintaining a minimum balance of average daily asset held by the referred learners in their brokerage accounts. For the variable considerations, the Group only includes estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized for such transactions will not occur.

(iii)

Consumer business

Consumer business revenues are primarily derived from sales of products for the years ended June 30, 2023 and 2024. In early 2023, the Group began to engage in consumer business through e-commerce, selling products like Chinese Baijiu and wellness products. The Group records the gross amount of product sales and related costs when the Group acts as a principal and is responsible for fulfilling the promise to provide the specified products. Revenues are recognized when control of the promised products is transferred to end customers, in an amount that reflects the consideration the Group expects to be entitled to in exchange for the products sold.

(iv)

Others

Other revenues mainly consist of brokerage commission income from insurance brokerage services for the year ended June 30, 2022. The Group provides insurance brokerage services distributing various health and life insurance products on behalf of insurance companies (its customers). As an agent of the insurance company, the Group sells insurance policies on behalf of the insurance company and earns brokerage commissions determined as a percentage of premiums paid by the insured. The Group has identified its promise to sell insurance policies on behalf of an insurance company as the performance obligation in its contracts with the insurance companies. The Group’s performance obligation to the insurance company is satisfied and commission revenue is recognized at the point in time when an insurance policy becomes effective. For the variable considerations, the Group only includes estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized for such transactions will not occur. The Group no longer provided such service subsequent to the disposal of insurance brokerage services business in March 2022.

Other revenues for the year ended June 30, 2024 are primarily derived from online language education for children provided by Kelly’s Education Limited, which was acquired in September 2023. Each contract of language learning service is accounted for as a single performance obligation which is satisfied proportionately over the service period. Learning fee is generally collected in advance and is initially recorded as contract liability. The revenue is recognized proportionately as the learning sessions are delivered.

Practical expedients

The Group has used the following practical expedients as allowed under ASC 606:

(i)

The effects of a significant financing component have not been adjusted for contracts which the Group expects, at contract inception, that the period between when the Group transfers a promised good or service to the customer and when the customer pays for that good or service will be one year or less.

(ii)

The Group expenses the costs to obtain a contract as incurred when the expected amortization period is one year or less.

Contract balances

Timing of revenue recognition may differ from the timing of invoicing to customers. Accounts receivable represent amounts invoiced and revenue recognized prior to invoicing, when the Group has satisfied its performance obligations and has the unconditional right to payment.

Contract liabilities

Contract liability is related to the payments received by the Group in advance from customers for which the Group’s revenue recognition criteria have not been met.

For online learning services, the service considerations are generally collected in advance and initially recorded as advance from customers during the contractual period where the Group allows the learners to ask for a full and unconditional refund. Subsequent to the expiry of the full-refund period, the balance of the advance from customers is reclassified as a contract liability, which is an obligation to transfer services to customers, after applying the constraints on variable consideration.

Revenue recognized during the years ended June 30, 2022, 2023 and 2024 that was included in the contract liabilities balances at July 1, 2021, 2022 and 2023 amounted to approximately RMB267,729, RMB384,729 and RMB517,213, respectively.

As of June 30, 2024, the aggregate amount of transaction price allocated to unsatisfied performance obligations is RMB396,592 which includes balances of contract liabilities which will be recognized as revenue in future periods. The Group expects to recognize RMB385,227 of this balance as revenue over the next 12 months.

Refund liabilities, which is an obligation to transfer cash, represent the consideration collected by the Group which it expects to refund to its customers according to refund policy after the full-refund period. Refund liabilities are estimated based on the historical refund ratio of the revenue streams. In the event that the actual amount of refund made exceeds the estimation, such excessive amount will be deducted from net revenues.

Revenue Disaggregation

The following table sets forth a breakdown of the Group’s revenues disaggregated by business line:

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

Online learning services
- Financial literacy courses		2,300,434		1,874,627		1,307,365
- Skills upgrading courses		158,295		721,252		1,661,791
- Recreation and leisure courses		35,601		138,998		395,118
Subtotal		2,494,330		2,734,877		3,364,274
Enterprise services		185,511		340,934		247,732
Consumer business		-		4,816		173,961
Others		188,133		754		9,364
Total revenues		2,867,974		3,081,381		3,795,331

Cost of revenues

(w)

Cost of revenues

Cost of revenues mainly consists of salaries and benefits (including share-based compensation expenses) of instructors and tutors who deliver premium courses, and the course content development staff who develop the premium courses, labor outsourcing costs, payment channel fees charged by third-party online payment providers, bandwidth costs, depreciation and amortization of properties and equipment, costs of course materials as well as cost of products sold, cost related to delivery of goods rendered to customers. The instructors and course content development staff are all full-time employees and their compensation primarily consists of base salary and bonus or performance-based compensations. The tutors consist of both full-time tutors and part-time tutors. Tutors’ compensation primarily consists of base salary and performance-based compensations.

Sales and marketing expenses

(x)

Sales and marketing expenses

Sales and marketing expenses consist primarily of advertising and marketing promotion expenses, labor outsourcing costs, salaries and benefits (including share-based compensation expenses) of sales department staff who are also responsible for developing and delivering introductory courses, and other expenses incurred by the Group’s sales and marketing personnel. Advertising expenses are generally paid to the third parties for online promotion and traffic acquisition and are expensed as sales and marketing expenses when the services are received. For the years ended June 30, 2022, 2023 and 2024, advertising and marketing promotion expenses were RMB1,590,886, RMB1,743,473 and RMB1,956,352, respectively.

General and administrative expenses

(y)

General and administrative expenses

General and administrative expenses consist primarily of salaries and benefits (including share-based compensation expenses) and related expenses for employees involved in general corporate functions, including finance, legal and human resources, rental fees, and professional service fees.

Research and development expenses

(z)

Research and development expenses

Research and development expenses primarily consist of (i) salaries and benefits for research and development personnel, and (ii) office rental, general expenses and depreciation expenses associated with the research and development activities. The Group’s research and development activities primarily consist of the development and enhancement of the Group’s applications and platforms.

For internal use software, the Group expenses all costs incurred for the preliminary project stage and post implementation-operation stage of development. The amount of the Group’s research and development expenses that qualify to be capitalized during the periods presented was immaterial, and as a result all development costs incurred for development of internal used software have been expensed as incurred.

Share-based compensation expenses

(aa)

Share-based compensation expenses

All share-based awards granted to the founder, management, and employees, including restricted ordinary shares and share options, are measured at fair value on grant date. Share based compensation expense is recognized using the graded-vesting method over the requisite service period, which is the vesting period. The Company accounts for share-based compensation benefits granted to grantee in accordance with ASC 718 Stock Compensation. Information relating to the plans is set out in Note 15.

Prior to the Reorganization, all the options and restricted ordinary shares were granted by Predecessors with their own underlying shares. The Predecessors have used the discounted cash flow method to determine the underlying equity fair value of the Predecessors and adopted an equity allocation model to determine the fair value of the underlying ordinary share. The determination of estimated fair value of share-based payment awards on the grant date using binomial option pricing model is affected by the fair value of Predecessors’ ordinary shares as well as assumptions regarding a number of complex and subjective variables. These variables include the expected value volatility of Predecessors’ shares over the expected term of the awards, actual and projected employee share option exercise behaviors, a risk-free interest rate and any expected dividends, if any.

Some awards are granted with service only conditions and some awards granted with both performance conditions and service conditions. For awards granted with performance conditions and service conditions, the Company evaluates the likelihood of performance conditions being met at each reporting period. Share-based compensation costs are recorded when the performance conditions are considered probable for the number of awards expected to vest on a graded-vesting basis, net of estimated forfeitures, over the requisite service period. The Group has chosen to account for forfeitures related to service condition aspects when they occur. The compensation cost of the awards granted with performance conditions and service conditions is measured based on the fair value of the awards when all conditions to establish the grant date have been met.

Employee benefits

(ab)

Employee benefits

Full-time employees of the Group in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits are provided to the employees. Chinese labor regulations require that the PRC subsidiaries and the consolidated VIEs of the Group make contributions to the government for these benefits based on certain percentages of the employees’ salaries, up to a maximum amount specified by the local government. The Group has no legal obligation for the benefits beyond the contributions made. Employee social security and welfare benefits included as expenses in the consolidated statements of operations and comprehensive (loss)/income amounted to RMB111,698, RMB124,922 and RMB73,812 for the years ended June 30, 2022, 2023 and 2024, respectively. The total balances of employee welfare benefits, including the accruals for estimated underpaid amounts, were approximately RMB51,645 and RMB41,687 as of June 30, 2023 and 2024, respectively.

Taxation

(ac)

Taxation

Income taxes

Current income taxes are provided based on(loss)/income before income tax for financial reporting purposes, adjusted for income and expense items which are not assessable or deductible for income tax purposes, in accordance with the regulations of the relevant tax jurisdictions.

Deferred income taxes are recognized for temporary differences between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements, net operating loss carry forwards and credits. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all the deferred tax assets will not be realized. Current income taxes are provided in accordance with the laws of the relevant taxing authorities. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in which temporary differences are expected to be reversed or settled. The effect on deferred tax assets and liabilities of changes in tax rates is recognized in the statement of comprehensive (loss)/income in the period of the enactment of the change.

The Group considers positive and negative evidence when determining whether a portion or all its deferred tax assets will more likely than not be realized. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carry-forward periods, its experience with tax attributes expiring unused, and its tax planning strategies. The ultimate realization of deferred tax assets is dependent upon its ability to generate sufficient future taxable income within the carry-forward periods provided for in the tax law and during the periods in which the temporary differences become deductible. When assessing the realization of deferred tax assets, the Group has considered possible sources of taxable income including (i) future reversals of existing taxable temporary differences, (ii) future taxable income exclusive of reversing temporary differences and carry-forwards, (iii) future taxable income arising from implementing tax planning strategies, and (iv) specific known trend of profits expected to be reflected within the industry. The Group records a valuation allowance to reduce the amount of deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized.

Value added Tax (“VAT”)

The Group is subject to VAT at the rate of 6% depending on whether the entity is a general taxpayer, and related surcharges on revenue generated from providing services. Entities that are VAT general taxpayers are allowed to offset qualified input VAT, paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded in the line item of accrued expense and other liabilities on the face of balance sheet. The Group records revenue net of value added tax and the Group records the related surcharges as cost of revenues.

Comprehensive (loss)/income

(ad)

Comprehensive (loss)/income

Comprehensive (loss)/income is defined to include all changes in equity/(deficit) of the Group during a period arising from transactions and other events and circumstances excluding transactions resulting from investments by shareholders and distributions to shareholders. Comprehensive (loss)/income includes net (loss)/income and foreign currency translation adjustments of the Group.

Segment reporting

(ae)

Segment reporting

In accordance with ASC 280, Segment Reporting, operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance. The Group’s CODM is the Chief Executive Officer. The CODM reviews separate financial information presented for the Company’s two segments:1) Learning service and others, and 2) Consumer business, in order to allocate resources and evaluate the Company’s financial performance.

The CODM measures the performance of each segment primarily based on segment revenue and segment gross profit. The Group currently does not allocate operating expenses or assets to its segments, as its CODM does not use such information to allocate resources or evaluate the performance of the operating segments. As the Group’s long-lived assets are substantially all located in the PRC and substantial portion of the Group’s revenues are derived from the PRC, no geographical segments are presented.

Recently issued accounting pronouncements not yet adopted

(af)

Recently issued accounting pronouncements not yet adopted

The Group qualifies as an “emerging growth company”, or EGC, pursuant to the Jumpstart Our Business Startups Act of 2012, as amended, or the JOBS Act. As an EGC, the Group does not need to comply with any new or revised financial accounting standards until such date that a private company is otherwise required to comply with such new or revised accounting standards.

In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU 2021-08), which clarifies that an acquirer of a business should recognize and measure contract assets and contract liabilities in a business combination in accordance with Topic 606, Revenue from Contracts with Customers. The new amendments are effective for public business entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption of the amendments is permitted. The amendments should be applied prospectively to business combinations occurring on or after the effective date of the amendments.

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). The standard is intended to improve annual and interim reportable segment disclosure requirements regardless of the number of reporting units, primarily through enhanced disclosure of significant expenses. The amendment requires public entities to disclose significant segment expenses that are regularly provided to the CODM and included with each reported measure of segment profit and loss. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted and the amendments in this update should be applied retrospectively to all periods presented. The Group is currently evaluating the impact the adoption of ASU 2023-07 will have on the consolidated financial statements and related disclosures.

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). The standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional information on income taxes paid, among other enhancements to improve the effectiveness of income tax disclosures. ASU 2023-09 is effective for annual periods beginning after December 15, 2024; however, early adoption is permitted. ASU 2023-09 should be applied on a prospective basis, but retrospective application is permitted. The Group is currently evaluating the impact the adoption of ASU 2023-09 will have on the consolidated financial statements and related disclosures.

Lease

12 Months Ended

Jun. 30, 2024

Lease [Abstract]

Lease

10.

Lease

The Group has operating leases for corporate offices with the lease terms from within 1 month to 3 years, some of which include options to terminate the leases within certain periods. For operating leases with terms greater than 12 months, the Group records the related assets and lease liability at the present value of lease payments over the terms. Certain leases include rental escalation clauses, renewal options and/or termination option, which are factored into the Group’s determination of lease payments when appropriate.

	As of June 30,
	2023		2024
	RMB		RMB

Operating lease right-of-use assets, net		84,009		58,889
Operating lease liabilities-current		41,092		49,099
Operating lease liabilities-non current		52,840		16,989

The following table provides a summary of the Group’s operating lease expenses and short-term lease expenses as of June 30, 2022, 2023 and 2024:

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

Operating lease expenses		21,943		37,484		44,854
Short-term lease expenses		2,730		2,272		227

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

Cash paid for amounts included in the measurement of operating lease liabilities		20,854		25,151		48,176
Right-of-use assets obtained in exchange for operating lease obligations		28,091		95,206		16,258

The following table provides a summary of the Group’s operating lease terms and discount rates as of June 30, 2023 and 2024:

	As of June 30,
	2023			2024

Weighted average remaining lease term (in years)		2.22			1.44
Weighted average discount rate		4.75	%		4.75	%

Maturities of operating lease liabilities as of June 30, 2024 were as follows:

	Amounts
	RMB

For the year ended June 30, 2025		51,305
For the year ended June 30, 2026		15,793
For the year ended June 30, 2027		1,435
Total operating lease payments		68,533
Less: imputed interest		(2,445	)
Present value of operating lease liabilities		66,088

Taxation (Tables)

12 Months Ended

Jun. 30, 2024

Taxation [Abstract]

Schedule of the Component of Income Tax Expenses

The following table sets forth the component of income tax expenses of the Group for the years ended June 30, 2022, 2023 and 2024:

	For the years ended June 30,
	2022			2023			2024
	RMB			RMB			RMB

Current tax expense		(19,796	)		(23,769	)		(18,466	)
Deferred tax benefit/(expense)		1,446			2,084			(12,862	)
Income tax expense		(18,350	)		(21,685	)		(31,328	)

Schedule of the Statutory EIT Rate and the Effective Tax Rates

The following table sets forth reconciliation between the statutory EIT rate and the effective tax rates:

	For the years ended June 30,
	2022			2023			2024

Statutory income tax rate in PRC		25.0	%		25.0	%		25.0	%
Effect of income tax exemptions and preferential tax rates		-			11.8	%		(8.3	)%
Effect of income tax rate difference in other jurisdictions		-			-			1.9	%
Effect of PRC withholding tax		-			-			1.0	%
Permanent differences		(24.6	)%		(35.5	)%		(3.0	)%
Changes in valuation allowance		(8.8	)%		(26.2	)%		(9.1	)%
Effective tax rate		(8.4	)%		(24.9	)%		7.5	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities

	As of June 30,
	2023			2024
	RMB			RMB

Deferred tax assets:
Allowances of credit losses		790			28
Operating lease liabilities		18,611			11,948
Deductible temporary difference related to advertising expenses		44,843			16,185
Net operating tax losses carried forward		49,581			38,430
Subtotal		113,825			66,591
Less: valuation allowance		(94,975	)		(55,144	)
Total deferred tax assets, net		18,850			11,447

	As of June 30,
	2023		2024
	RMB		RMB

Deferred tax liabilities:
Operating lease right-of-use assets		16,766		10,600
Withholding tax on undistributed earnings		-		11,625
Total deferred tax liabilities		16,766		22,225

Schedule of Operating Tax Losses Carried Forward

All the PRC entities’ expiration periods for tax losses were five years. As of June 30, 2024, certain entities of the Group had net operating tax losses carried forward, which if not utilized, will expire as follows:

	2024
	RMB

Loss expiring for the year ended December 31, 2024		-
Loss expiring for the year ended December 31, 2025		-
Loss expiring for the year ended December 31, 2026		29,900
Loss expiring for the year ended December 31, 2027		56,782
Loss expiring for the year ended December 31, 2028		81,800
Loss expiring for the year ended December 31, 2029		-
Loss expiring for the year ended December 31, 2030		-
Loss expiring for the year ended December 31, 2031		-
Loss expiring for the year ended December 31, 2032		-
Loss expiring for the year ended December 31, 2033 and thereafter		5,850
Subtotal		174,332

Schedule of Changes in Valuation Allowance

Changes in valuation allowance are as follows:

	For the years ended June 30,
	2022			2023			2024
	RMB			RMB			RMB

Balance at beginning of the year		(65,235	)		(84,406	)		(94,975	)
(Additions)/Reversal		(19,171	)		(10,569	)		39,831
Balance at end of the year		(84,406	)		(94,975	)		(55,144	)

Restricted Net Assets and Parent Company Only Condensed Financial Information (Details) - Schedule of Condensed Balance Sheets - Parent Company [Member] ¥ in Thousands, $ in Thousands	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 64,689	$ 8,902	¥ 23,469	$ 3,229	¥ 18
Short-term investments			116,090
Amounts due from intra-Group companies	62,153	8,553	121,685
Prepayments and other current assets	75,760	10,424	4,798
Total current assets	202,602	27,879	266,042
Investment in subsidiaries	453,384	62,388	183,216
Total non-current assets	453,384	62,388	183,216
TOTAL ASSETS	655,986	90,267	449,258
Accrued expenses and other current liabilities	300	41	250
Amounts due to intra-Group companies	3,478	479
Total current liabilities	3,778	520	250
Net liabilities of the VIEs	135,724	18,676	225,310
Total non-current liabilities	135,724	18,676	225,310
TOTAL LIABILITIES	139,502	19,196	225,560
SHAREHOLDERS’ EQUITY
Treasury stock	(109,257)	(15,034)
Additional paid-in capital	1,192,474	164,090	1,171,092
Accumulated other comprehensive income	17,313	2,382	22,182
Accumulative deficit	(584,161)	(80,383)	(969,688)
TOTAL SHAREHOLDERS’ EQUITY	516,484	71,071	223,698
TOTAL LIABILITIES, AND SHAREHOLDERS’ EQUITY	655,986	90,267	449,258
Class A Ordinary Shares
SHAREHOLDERS’ EQUITY
Ordinary shares value	81	11	78
Class B Ordinary Shares
SHAREHOLDERS’ EQUITY
Ordinary shares value	¥ 34	$ 5	¥ 34

Consolidated Statements of Cash Flows (Parentheticals) - CNY (¥) ¥ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Statement of Cash Flows [Abstract]
Proceeds from issuance costs paid	¥ 15,917	¥ 15,917	¥ 15,917

Taxation (Details) $ in Millions		12 Months Ended
Taxation (Details) $ in Millions	Apr. 01, 2018 HKD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)
Taxation [Line Items]
Percentage of tax rate		7.50%	(24.90%)	(8.40%)
assessable profits (in Dollars)	$ 2,000
Percentage of assessable profits	16.50%
Percentage of income tax dividend percent		25.00%
Percentage of income tax dividends		10.00%
Retained earnings (in Dollars)			¥ (969,688,000)		¥ (584,161,000)	$ (80,383,000)
Percentage of withholding tax of dividend payable		5.00%
Withholding tax paid (in Dollars)		$ 263
Hong Kong [Member]
Taxation [Line Items]
Percentage of profit tax rate	16.50%
Percentage of tax rate	8.25%
Excess assessable profits (in Dollars)	$ 2,000
PRC [Member]
Taxation [Line Items]
Percentage of tax rate		25.00%
PRC [Member] \| Foreign [Member]
Taxation [Line Items]
Percentage of tax rate		25.00%
High and New Technology Enterprises [Member]
Taxation [Line Items]
Preferential tax rate		15.00%
Enterprise Income Tax Law [Member]
Taxation [Line Items]
Preferential tax rate		15.00%
Witty Digital Technology Limited [Member]
Taxation [Line Items]
Retained earnings (in Dollars)						$ 5,263,000
WFOEs [Member]
Taxation [Line Items]
Withholding tax expenses (in Yuan Renminbi) \| ¥					¥ 11,625

Short-Term Investments (Details) ¥ in Thousands	12 Months Ended
Short-Term Investments (Details) ¥ in Thousands	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)
Short-Term Investments [Abstract]
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	fair value on a recurring basis
Receivable from issuer	¥ 58,213	$ 58,213

Restricted Net Assets and Parent Company Only Condensed Financial Information

12 Months Ended

Jun. 30, 2024

Restricted Net Assets and Parent Company Only Condensed Financial Information [Abstract]

Restricted net assets and parent company only condensed financial information

24.

Restricted net assets and parent company only condensed financial information

The Group’s ability to pay dividends is primarily dependent on the Group receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by the Group’s subsidiaries and the consolidated VIEs incorporated in the PRC only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of the Group’s subsidiaries.

In accordance with the PRC laws and regulations, statutory reserve funds shall be made and can only be used for specific purposes and are not distributable as cash dividends. As a result of these PRC laws and regulations that require annual appropriations of 10% of net after-tax profits to be set aside prior to payment of dividends as general reserve fund or statutory surplus fund, the Group’s PRC subsidiaries and the consolidated VIE are restricted in their ability to transfer a portion of their net assets to the Company. The restricted portion was RMB109,419 as of June 30, 2024.

The Company performed a test on the restricted net assets of its subsidiaries and the consolidated VIEs (the “restricted net assets”) in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), “General Notes to Financial Statements” and concluded that it was applicable for the Company to disclose the condensed financial information for the parent company for the years ended June 30, 2022,2023 and 2024.

For the purpose of presenting parent only financial information, the Company records its investments in its subsidiaries under the equity method of accounting. Such investments are presented on the separate condensed balance sheets of the Company as “Investment in subsidiaries” and the (loss)/ income of the subsidiaries is presented as “share of (loss)/income of subsidiaries”. The Company’s net financial interests in the consolidated VIEs are presented on the separate condensed balance sheets of the Company as “Net liabilities of the VIEs, and the income/(loss) of the VIEs is presented as “Income/(Loss) from the VIEs”. The condensed statement of operations and comprehensive (loss)/income also include share-based compensation expenses pushed down to the Company from the Predecessors for the year ended June 30, 2022. The subsidiaries did not pay any dividend to the Company for the years presented. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Company, as such, these statements are not the general-purpose financial statements of the reporting entity and should be read in conjunction with the notes to the consolidated financial statements of the Company. The Company did not have significant capital and other commitments or guarantees as of June 30, 2024.

Condensed balance sheets

	As of June 30,
	2023			2024			2024
	RMB			RMB			US$

ASSETS
Current assets:
Cash and cash equivalents		23,469			64,689			8,902
Short-term investments		116,090			-			-
Amounts due from intra-Group companies		121,685			62,153			8,553
Prepayments and other current assets		4,798			75,760			10,424
Total current assets		266,042			202,602			27,879
Investment in subsidiaries		183,216			453,384			62,388
Total non-current assets		183,216			453,384			62,388
TOTAL ASSETS		449,258			655,986			90,267
Accrued expenses and other current liabilities		250			300			41
Amounts due to intra-Group companies		-			3,478			479
Total current liabilities		250			3,778			520
Net liabilities of the VIEs		225,310			135,724			18,676
Total non-current liabilities		225,310			135,724			18,676
TOTAL LIABILITIES		225,560			139,502			19,196
SHAREHOLDERS’ EQUITY
Class A ordinary shares		78			81			11
Class B ordinary shares		34			34			5
Treasury stock		-			(109,257	)		(15,034	)
Additional paid-in capital		1,171,092			1,192,474			164,090
Accumulated other comprehensive income		22,182			17,313			2,382
Accumulative deficit		(969,688	)		(584,161	)		(80,383	)
TOTAL SHAREHOLDERS’ EQUITY		223,698			516,484			71,071
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		449,258			655,986			90,267

Condensed statements of operations and comprehensive (loss)/income

	For the years ended June 30,
	2022			2023			2024			2024
	RMB			RMB			RMB			US$

Revenues		-			-			-			-
Cost of revenues		(27,583	)		(26,486	)		(13,651	)		(1,878	)
Gross Profit		(27,583	)		(26,486	)		(13,651	)		(1,878	)
Operating expenses:
Sales and marketing expenses		(86,682	)		(52,182	)		2,653			365
Research and development expenses		(120,558	)		(49,047	)		(1,887	)		(260	)
General and administrative expenses		(57,287	)		(72,164	)		(28,706	)		(3,950	)
Total operating expenses		(264,527	)		(173,393	)		(27,940	)		(3,845	)
Loss from operations		(292,110	)		(199,879	)		(41,591	)		(5,723	)
Other (loss)/income:
Interest income		-			74			2,020			278
Others, net		-			680			6,841			941
Share of (loss)/income from subsidiaries		(4,028	)		105,565			348,484			47,953
Income/(loss) from the VIEs		62,712			(14,977	)		69,773			9,601
(Loss)/Income before income tax		(233,426	)		(108,537	)		385,527			53,050
Income tax expense		-			-			-			-
Net (loss)/income		(233,426	)		(108,537	)		385,527			53,050
Allocation of accretion of Predecessors’ preferred shares		(22,655	)		-			-			-
Accretion of the Company’s preferred shares		(2,987	)		(22,379	)		-			-
Net (loss)/income attributable to ordinary shareholders of QuantaSing Group Limited		(259,068	)		(130,916	)		385,527			53,050

Net (loss)/income		(233,426	)		(108,537	)		385,527			53,050
Other comprehensive income/(loss)
Foreign currency translation adjustments, net of nil tax		1,839			20,343			(4,869	)		(670	)
Total other comprehensive income/(loss)		1,839			20,343			(4,869	)		(670	)
Total comprehensive (loss)/income		(231,587	)		(88,194	)		380,658			52,380

Condensed statements of cash flows

	For the years ended June 30,
	2022			2023			2024			2024
	RMB			RMB			RMB			US$

Net cash used in operating activities		(49	)		(13,082	)		(8,427	)		(1,160	)

Cash flows from investing activities:
Loan provided to subsidiaries		(127,165	)		(215,277	)		(117,217	)		(16,130	)
Loan repaid by subsidiaries		80,049			100,937			235,424			32,395
Purchase of short-term investments		-			(145,652	)		-			-
Proceeds from short-term investments		-			36,300			59,520			8,190
Net cash (used in)/provided by investing activities		(47,116	)		(223,692	)		177,727			24,455

Cash flows from financing activities:
Contribution from Predecessors		76,178			-			-			-
Proceeds from loans from Predecessors		50,986			-			-			-
Repayment of loans to Predecessors		(79,981	)		-			-			-
Proceeds from exercise of share options		-			-			2,467			339
Repurchase of ADSs		-			-			(130,409	)		(17,945	)
Proceeds from issuance of Class A ordinary shares upon the completion of IPO (net of issuance costs paid)		-			256,764			-			-
Net cash provided by/(used in) financing activities		47,183			256,764			(127,942	)		(17,606	)
Effect of exchange rate changes on cash and cash equivalents		-			3,461			(138	)		(16	)
Net increase in cash and cash equivalents		18			23,451			41,220			5,673
Cash and cash equivalents at beginning of the year		-			18			23,469			3,229
Cash and cash equivalents at end of the year		18			23,469			64,689			8,902

Segment Information (Details)	12 Months Ended
Segment Information (Details)	Jun. 30, 2024
Segment Information [Abstract]
Reporting segments	2

Preferred Shares (Tables)

12 Months Ended

Jun. 30, 2024

Preferred Shares [Abstract]

Schedule of Issuances of Preferred Shares

The following table summarizes the issuances of preferred shares by Witty network:

Series	Issuance Date	Shares Issued		Issue Price per share (US$)		Aggregated issuance price (US$)
WN-A	April 2017		22,000,000		0.0455		1,001
WN-B	April 2018		23,983,789		0.1800		4,317
WN-B-1	May 2018		7,913,872		0.3146		2,489
WN-C	June 2018		20,327,789		0.5686		11,559
WN-D	August 2020		11,818,754		1.1825		13,975
WN-E	November 2020		14,799,427		2.3398		34,628

Schedule of Preferred Shares Activities

The Group’s preferred shares activities for the year ended June 30, 2023 is summarized below:

	Series A				Series B				Series B-1				Series C				Series D				Series E				Total
	Number of shares		Amount		Number of shares		Amount		Number of shares		Amount		Number of shares		Amount		Number of shares		Amount		Number of shares		Amount		Number of shares		Amount
			RMB				RMB				RMB				RMB				RMB				RMB				RMB

Balance as of July 1, 2022		22,000,000		82,002		23,983,789		94,833		7,913,872		33,612		20,327,789		108,892		11,818,754		104,156		14,799,427		240,665		100,843,631		664,160
Accretion of preferred share redemption value		-		-		-		-		-		-		-		2,894		-		5,643		-		13,842		-		22,379
Conversion of preferred shares to ordinary shares upon the completion of the IPO		22,000,000		82,002		23,983,789		94,833		7,913,872		33,612		20,327,789		111,786		11,818,754		109,799		14,799,427		254,507		100,843,631		686,539

Balance as of June 30, 2023		-		-		-		-		-		-		-		-		-		-		-		-		-		-

Ordinary Shares and Treasury Stock

12 Months Ended

Jun. 30, 2024

Ordinary Shares and Treasury Stock [Abstract]

Ordinary shares and treasury stock

Ordinary shares and treasury stock

Prior to incorporation of the Company, Witty network issued ordinary shares to shareholders. As of July 1, 2020, Witty network issued 55,683,082 ordinary shares to Founder Co., of which 13,920,770 ordinary shares were restricted and subject to further service condition of the Founder (Note 15(b)).

On August 13, 2020, 1,640,444 ordinary shares were repurchased by Witty network (Note 15(b)), and the remaining 54,042,638 ordinary shares (including 13,920,770 unvested restricted shares) were all re-designated as Class B ordinary shares with ten votes per share.

On November 4, 2020, 600,000 Class A ordinary shares with one vote per share were issued by Witty network to Founder Co. for nominal consideration, of which 150,000 ordinary shares were restricted and subject to further service condition of the Founder (Note 15(b)).

On May 31, 2021, 600,000 Class A ordinary shares and 54,042,638 Class B ordinary shares were issued by EW to Founder Co. to replicate the number and terms of ordinary shares originally issued by Witty network.

On February 9, 2022, the Company was incorporated in the Cayman Islands with an authorized share capital of US$50,000, divided into 500,000,000 shares with a par value of US$0.0001 each. Upon its incorporation, 1 share was allotted and issued to Founder Co. and credited as fully paid.

Upon completion of the Step 2 Reorganization, the authorized share capital of the Company is US$50,000 consisting of 500,000,000 shares of a nominal or par value of US$0.0001 each, of which:

(i)

345,113,731 are designated as class A ordinary shares of a par value of US$0.0001 each (the “Class A Ordinary Shares”),

(ii)

54,042,638 are designated as class B ordinary shares of a par value of US$0.0001 each (the “Class B Ordinary Shares”, together with the Class A Ordinary Shares, collectively the “Ordinary Shares”),

(iii)

22,000,000 are designated as convertible redeemable series A preferred shares of a par value of US$0.0001 each (the “Series A Preferred Shares”),

(iv)

23,983,789 are designated as convertible redeemable series B preferred shares of a par value of US$0.0001 each (the “Series B Preferred Shares”),

(v)

7,913,872 are designated as convertible redeemable series B-1 preferred shares of a par value of US$0.0001 each (the “Series B-1 Preferred Shares”),

(vi)

20,327,789 are designated as convertible redeemable series C preferred shares of a par value of US$0.0001 each (the “Series C Preferred Shares”),

(vii)

11,818,754 are designated as convertible redeemable series D preferred shares of a par value of US$0.0001 each (the “Series D Preferred Shares”), and

(viii)

14,799,427 are designated as convertible redeemable series E preferred shares of a par value of US$0.0001 each (the “Series E Preferred Shares”).

Holder of each of the Class A Ordinary Shares is entitled to one vote per share and holder of each of the Class B Ordinary Shares is entitled to ten votes. Class B Ordinary Shares are convertible at any time by the holder into Class A ordinary shares on a one-for-one basis, while Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Only Class B Ordinary Shares held by the Founder and Founder Co. enjoy ten votes for every Class B Ordinary Share on a poll.

On May 31, 2022, 600,000 Class A ordinary shares and 54,042,638 Class B ordinary shares were issued to Founder Co., of which 75,000 Class A ordinary shares and 6,755,330 Class B ordinary shares were still restricted and shall vest in the remaining service period (Note 15(b)). Ordinary shares of the Company were recognized upon issuance of the shares by the Company based on their par value.

On June 1, 2022, 4,183,589 Class B ordinary shares re-designated as the same number of Class A ordinary shares, and 75,000 unvested restricted shares held by the Founder Co. were approved to be vested into Class A ordinary shares.

On January 27, 2023, the Company completed the IPO. Immediately prior to the completion of the IPO, the Company’s authorized share capital was changed into US$70,000 consisting of 700,000,000 shares, divided into: (1) 430,000,000 Class A ordinary shares of a par value of US$0.0001 each, (ii)70,000,000 Class B ordinary shares of a par value of US$0.0001 each, and (iii) 200,000,000 shares of a par value of US$0.0001 each of such class or classes (however designated) as the board of directors may determine in accordance with the Company’s post-offering memorandum and articles of association. Immediately prior to the completion of the IPO, all of the Company’s issued and outstanding preferred shares and ordinary shares were converted into, and re-designated and re-classified, as Class A ordinary shares on a one-for-one basis, except that the 49,859,049 shares beneficially owned by Mr. Peng Li continue to be Class B ordinary shares.

During the IPO, the Company issued a total of 3,250,000 ADSs, with one ADSs representing three Class A ordinary share of the Company with par value of US$0.0001 per share. The Company received a total of approximately US$37,172 of net proceeds after deducting the underwriter commissions.

On February 16, 2023, the underwriters exercised their option to purchase 127,396 additional ADSs and the Company received a total of approximately US$1,457 of net proceeds after deducting the underwriter commissions.

During the year ended June 30, 2024, 9 Class A ordinary shares were cancelled as fractional shares in connection with ADS conversion.

During the year ended June 30, 2024, 3,835,647 Class A ordinary shares were issued to the depositary bank for future issuance upon exercise of share options, which were was recorded as treasury stock on the consolidated balance sheets.

In June 2023, the Board of Directors of the Group authorized a share repurchase program (“2023 share repurchase program”) to repurchase up to US$20,000 worth of its own American depositary shares (“ADSs”) over the following 12 months. In June 2024, the Board of Directors of the Group authorized another share repurchase program (“2024 share repurchase program”) to repurchase up to US$20,000 worth of its own ADSs over the following 12 months. The share repurchases may be made in accordance with applicable laws and regulations through open market transactions, privately negotiated transactions or other legally permissible means as determined by the management.

As of June 30, 2024, the Group had repurchased an aggregate of 13,836,078 Class A ordinary shares under the aforementioned share repurchase programs, at an average price of US$3.6 per ADS, or US$1.2 per share for a total consideration US$16,597 (including commission to broker).

During the year ended June 30, 2024, 4,681,353 Class A ordinary shares repurchased by the Company were transferred from the Company to the ESOP Platform and reserved for future issuance upon the exercise of share options.

The Company accounts for the repurchased ordinary shares under the cost method and includes such treasury stock as a component of the shareholders’ equity.

As of June 30, 2024, 1,852,806 Class A ordinary shares have been re-issued from the treasury stock upon exercise of share options.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 14
-Subparagraph (a)
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Disposal of Baichuan (Details) ¥ in Thousands	Mar. 01, 2022 CNY (¥)
Disposal of Baichuan [Abstract]
Equity percentage	100.00%
Shareholders ownership consideration amount	¥ 50,000
Reorganization amount	28,000
Recognized dividend amount	500
Proceeds from transferring entity	¥ 22,000

Preferred Shares

12 Months Ended

Jun. 30, 2024

Preferred Shares [Abstract]

Preferred shares

Preferred shares

Predecessors’ preferred shares

Prior to incorporation of the Company, Witty network has issued preferred shares to certain investors. The following table summarizes the issuances of preferred shares by Witty network:

Series	Issuance Date	Shares Issued		Issue Price per share (US$)		Aggregated issuance price (US$)
WN-A	April 2017		22,000,000		0.0455		1,001
WN-B	April 2018		23,983,789		0.1800		4,317
WN-B-1	May 2018		7,913,872		0.3146		2,489
WN-C	June 2018		20,327,789		0.5686		11,559
WN-D	August 2020		11,818,754		1.1825		13,975
WN-E	November 2020		14,799,427		2.3398		34,628

In August 2020, in connection with the issuance of series WN-D preferred shares, terms of series WN-A, WN-B, WN-B-1, and WN-C preferred shares were modified to include a redemption right.

On May 31, 2021, preferred shares were issued by EW in connection with the Step 1 Reorganization to replicate the number and terms of preferred shares originally issued by Witty network.

On May 31, 2022, preferred shares were issued the Company in connection with the Step 2 Reorganization to replicate the number and terms of preferred shares originally issued by EW.

Upon the completion of the IPO in January 2023, all of issued and outstanding Preferred Shares automatically converted into ordinary shares on a one-for-one basis.

Preferred shares of the Company

The key terms of the preferred shares of the Company are as follows:

Conversion Rights

Unless converted earlier pursuant to Automatic Conversion below, each holder of preferred shares shall have the right, at such holder’s sole discretion, to convert all or any portion of the preferred shares into Class A ordinary shares at any time.

Automatic Conversion: Each preferred share shall automatically be converted into Class A Ordinary Shares, at the then applicable conversion price (i) upon the closing of a qualified initial public offering (“QIPO”), and (ii) upon the prior written approval of the holders of a majority of the outstanding preferred shares of each class with respect to conversion of each class.

The initial conversion ratio of preferred shares to ordinary shares shall be 1:1, and shall be subject to adjustments in the event of issuance or deemed issuance of additional ordinary shares below the preferred share conversion price, or share dividends, subdivisions, combinations or consolidations of ordinary shares, other distributions, or reclassification, exchange and substitution.

Redemption Rights

The preferred shareholders shall have redemption rights upon the occurrence of any of the following events: (i) the Company fails to complete QIPO or a trade sale within four (4) years after the closing date of the issuance of Series E preferred shares of Witty network; (ii) a material breach by the Group or the Founder or the Founder Co., (iii) the termination of the Founder’s employment/services contract with the Group due to the voluntary termination by the Founder, or (iv) the time when any material adverse change occurs, under which circumstance the captive structure of the Group companies which is established through the VIE Contractual Agreements becomes, or has become invalid, illegal or unenforceable (each a “Redemption Event”); then each preferred share shall be redeemable upon the request of any preferred shareholder.

The redemption price for each outstanding preferred share shall be equal to the product of (x) the applicable deemed preferred share issue price as set forth in the Company’s Memorandum of Association, and (y) (1+8%*N), where N equals to a fraction, (A) the numerator of which is the number of calendar days between the applicable original issue date (as defined in the Company’s Memorandum of Association) and the date on which the relevant redemption price is paid in full and (B) the denominator of which is 365, plus any declared but unpaid dividends.

Liquidation preference

In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, the holders of the Series E Preferred Shares shall be entitled to receive, prior to any distribution to the holders of any other class or series of shares then outstanding, an amount per Series E Preferred Share equal to (i) one hundred and twenty five percent (125%) of the applicable Series E deemed preferred share issue price, plus (ii) all accrued or declared but unpaid dividends. The holders of other series of Preferred Shares shall be entitled to receive an amount per share equal to (i) one hundred percent (100%) of the respective deemed preferred share issue price, plus (ii) all accrued or declared but unpaid dividends.

Unless waived in writing by the majority of the outstanding preferred shares of each class, (i) the acquisition of the Company (whether by a sale of equity, merger or consolidation) in which in excess of 50% of the Company’s voting power outstanding before such transaction is transferred, (ii) the exclusive licensing of all or substantially all of the Company’s proprietary rights; or (iii) a sale, transfer or other disposition of all or substantially all the Company’s assets, shall be deemed a liquidation, dissolution or winding up of the Company.

Dividend Rights

Holders of the preferred shares shall be entitled to receive any cash or non-cash dividends declared by the Board (including the approval of each investor director) on an as-converted basis.

Voting Rights

Each preferred share shall carry a number of votes equal to the number of Class A Ordinary Shares then issuable upon its conversion into Class A Ordinary Shares at the record date for determination of the shareholders entitled to vote on such matters, or, if no such record date is established, at the date such vote is taken or any written consent of shareholders is solicited.

Accounting for preferred shares

The Company classified the preferred shares in the mezzanine equity of the consolidated balance sheets as they are contingently redeemable at the options of the holders. The Company also determined that the embedded conversion features and the redemption features do not require bifurcation as they either are clearly and closely related to the preferred shares or do not meet the definition of a derivative.

Preferred shares of the Company were recognized upon the issuance of the shares by the Company on the completion date of the Reorganization and measured based on portion of carrying value of the Predecessors’ preferred shares attributable to the Listing Businesses using the relative fair value method. The preferred shares were subsequently accreted to its redemption value (if higher than the fair value at issue date). The Company records accretion on the preferred shares, where applicable, to the redemption value from the issuance date to the earliest redemption dates. The accretion calculated using the effective interest method, is recorded against retained earnings, or in the absence of retained earnings, by charging against additional paid-in capital. Once additional paid-in capital has been exhausted, additional charges are recorded by increasing the accumulated deficit. The issuance costs for Preferred Shares were nil for the years presented.

The Group’s preferred shares activities for the year ended June 30, 2023 is summarized below:

	Series A				Series B				Series B-1				Series C				Series D				Series E				Total
	Number of shares		Amount		Number of shares		Amount		Number of shares		Amount		Number of shares		Amount		Number of shares		Amount		Number of shares		Amount		Number of shares		Amount
			RMB				RMB				RMB				RMB				RMB				RMB				RMB

Balance as of July 1, 2022		22,000,000		82,002		23,983,789		94,833		7,913,872		33,612		20,327,789		108,892		11,818,754		104,156		14,799,427		240,665		100,843,631		664,160
Accretion of preferred share redemption value		-		-		-		-		-		-		-		2,894		-		5,643		-		13,842		-		22,379
Conversion of preferred shares to ordinary shares upon the completion of the IPO		22,000,000		82,002		23,983,789		94,833		7,913,872		33,612		20,327,789		111,786		11,818,754		109,799		14,799,427		254,507		100,843,631		686,539

Balance as of June 30, 2023		-		-		-		-		-		-		-		-		-		-		-		-		-		-

Concentration and Risks (Tables)

12 Months Ended

Jun. 30, 2024

Concentration and Risks [Abstract]

Schedule of Net Accounts Receivable

There were one and four customers individually accounted for more than 10% of the Group’s net accounts receivable as of June 30, 2023 and 2024, respectively.

	As of June 30,
	2023			2024
Accounts receivables, net
Customer A**		70.4	%		21.2	%
Customer B			*		24.6	%
Customer C			*		23.7	%
Customer D			*		10.9	%

The percentage was below 10% for the period.

Customer A is Beijing Baichuan Insurance Brokerage Co., Ltd., a related party of the Group, from which the gross accounts receivable for enterprise services were RMB29,116 and RMB4,488 as of June 30, 2023 and 2024, respectively, which were recorded in “amounts due from related parties”, and represents 70.4% and 21.2% of all accounts receivables from third parties and related parties as of June 30, 2023 and 2024, respectively.

Related Party Transactions (Details)	12 Months Ended
Related Party Transactions (Details)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2023 CNY (¥)
Related Party Transactions [Line Items]
Costs and expenses				¥ 6,110,640
Beijing Shanronghaina Network Technology Co., Ltd. [Member]
Related Party Transactions [Line Items]
Cash Consideration received				¥ 20,000,000	¥ 2,000,000
Beijing Shanronghaina Network Technology Co., Ltd. [Member]
Related Party Transactions [Line Items]
Cash consideration for disposal	¥ 22,000,000

Others, Net (Details)	12 Months Ended
Others, Net (Details)	Jun. 30, 2024
Others, Net [Abstract]
Government Assistance, Nonoperating Income, Increase (Decrease), Statement of Income or Comprehensive Income [Extensible Enumeration]	Others, net

Lease (Tables)

12 Months Ended

Jun. 30, 2024

Lease [Abstract]

Schedule of Operating Leases

Certain leases include rental escalation clauses, renewal options and/or termination option, which are factored into the Group’s determination of lease payments when appropriate.

	As of June 30,
	2023		2024
	RMB		RMB

Operating lease right-of-use assets, net		84,009		58,889
Operating lease liabilities-current		41,092		49,099
Operating lease liabilities-non current		52,840		16,989

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

Operating lease expenses		21,943		37,484		44,854
Short-term lease expenses		2,730		2,272		227

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

Cash paid for amounts included in the measurement of operating lease liabilities		20,854		25,151		48,176
Right-of-use assets obtained in exchange for operating lease obligations		28,091		95,206		16,258

	As of June 30,
	2023			2024

Weighted average remaining lease term (in years)		2.22			1.44
Weighted average discount rate		4.75	%		4.75	%

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of June 30, 2024 were as follows:

	Amounts
	RMB

For the year ended June 30, 2025		51,305
For the year ended June 30, 2026		15,793
For the year ended June 30, 2027		1,435
Total operating lease payments		68,533
Less: imputed interest		(2,445	)
Present value of operating lease liabilities		66,088

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
Cash flows from operating activities:
Net (loss)/income	¥ 385,527	$ 53,050	¥ (108,652)	¥ (233,426)
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:
Fair value changes of short-term investments	(2,446)	(337)	(40)	(3)
Reversal of allowance for expected credit losses	(48)	(7)	(46)	(239)
Depreciation of property and equipment	4,546	626	3,714	4,016
Amortization of intangible assets	468	64		6,579
Impairment loss on long-lived assets and goodwill	10,041	1,382
Loss on disposal of property, equipment and intangible assets	10	1		124
Share of profit from equity method investments, net of income tax	(2)
Realized gains from short-term investments	(16,004)	(2,202)	(9,195)	(4,891)
Share-based compensation	27,757	3,820	191,632	291,429
Deferred income tax (benefit)/expense	12,862	1,770	(2,084)	(1,446)
Changes in operating assets and liabilities:
Accounts receivable	(4,377)	(602)	(10,268)	55,351
Amounts due from related parties	24,628	3,389	(6,108)	(23,202)
Prepayments and other current assets	(67,624)	(9,305)	(21,121)	(4,480)
Operating lease right-of-use assets	25,286	3,479	(60,092)	(14,573)
Accounts payables	(28)	(4)	16,916	2,633
Accrued expenses and other current liabilities	14,109	1,941	62,370	61,046
Income tax payable	11,605	1,597	1,496	5,035
Contract liabilities	(124,603)	(17,146)	123,622	99,511
Advance from customers	15,415	2,121	(6,692)	17,888
Operating lease liabilities, current portion	7,858	1,081	24,761	9,203
Operating lease liabilities, non-current portion	(35,851)	(4,933)	46,274	4,624
Inventory, net	(6,345)	(873)
Other non-current assets	(64)	(9)	(10,866)	(2,543)
Net cash provided by operating activities	282,720	38,903	235,621	272,636
Cash flows from investing activities:
Purchase of short-term investments	(5,162,236)	(710,347)	(2,891,452)	(976,700)
Proceeds from short-term investments	5,025,644	691,552	2,863,828	873,700
Purchase of long-term investments	(6,563)	(903)
Purchase of property and equipment	(3,639)	(501)	(5,756)	(4,560)
Investment income from short-term investments	16,004	2,202	9,195	4,891
Cash paid for business combination, net of cash received	(1,998)	(275)
Disposal of subsidiaries			2,000	14,126
Disposal of property and equipment	4	1
Loan provided to related parties			(2,243)	(129,427)
Loan repaid by related parties			24,629	109,389
Net cash (used in)/ provided by investing activities	(132,784)	(18,271)	201	(108,581)
Cash flows from financing activities:
Proceeds from issuance of Class A ordinary shares upon the completion of IPO (net of RMB15,917 issuance costs paid)			235,462
Proceeds from issuance of ordinary shares upon exercise of underwriters’ over-allotment option			9,984
Proceeds from/(cash paid for) noncontrolling interests	(2,250)	(310)	2,250
Repurchase of ADSs	(130,409)	(17,945)
Proceeds from exercise of share options	2,467	339
Contribution from Predecessors				94,978
Proceeds from loans from Predecessors				122,833
Repayment of loans to Predecessors				(146,182)
Net cash provided by/(used in) financing activities	(130,192)	(17,916)	247,696	71,629
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(3,934)	(541)	14,336	5,642
Net increase in cash, cash equivalents and restricted cash	15,810	2,175	497,854	241,326
Cash and cash equivalents at beginning of the year	764,281	105,169	266,427	25,101
Including:
Cash and cash equivalents at beginning of the year	764,281	105,169	266,427	25,101
Cash, cash equivalents and restricted cash at end of the year	780,091	107,344	764,281	266,427
Including:
Cash and cash equivalents at end of the year	779,931	107,322	764,281	266,427
Restricted cash at end of the year	160	22
Supplemental disclosure of cash flow information
Cash paid for income tax	(6,861)	(944)	(22,273)	(14,761)
Non-cash investing and financing activities
Consideration receivable as a result of disposal of subsidiaries				2,000
Changes in payables for purchase of property and equipment	(198)	(27)	198
Accretion of the Company’s preferred shares			(22,379)	(2,987)
Purchase of long-term investments with non-cash service consideration	¥ (2,445)	$ (336)

Segment Information

12 Months Ended

Jun. 30, 2024

Segment Information [Abstract]

Segment Information

22.

Segment Information

As disclosed in Note 2(ae), operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance.

For the year ended June 30, 2024, the Group identified one more operating segment, consumer business. The Group now reports two reporting segments: 1) Learning service and others, 2) Consumer business. This change in segment reporting aligns with the manner in which the Group’s CODM currently receives and uses financial information to allocate resources and evaluate the performance of operating segments.

The CODM measures the performance of each segment primarily based on segment revenue and segment gross profit. The Group currently does not allocate operating expenses or assets to its segments, as its CODM does not use such information to allocate resources or evaluate the performance of the operating segments. This change in segment presentation does not affect consolidated balance sheets, consolidated statements of operations and comprehensive (loss)/income or consolidated statements of cash flows.

The Group retrospectively revised prior period segment information, to conform to current period presentation. The table below provides a summary of the Group’s segment results for the years ended June 30, 2023 and 2024.

	For the years ended June 30,
	2023			2024
	RMB			RMB

Revenues:
Learning service and others		3,076,565			3,621,370
Consumer business		4,816			173,961
Total revenues		3,081,381			3,795,331

Cost of revenue:
Learning service and others		(387,576	)		(447,753	)
Consumer business		(3,922	)		(102,557	)
Total cost of revenue		(391,498	)		(550,310	)

Gross profit:
Learning service and others		2,688,989			3,173,617
Consumer business		894			71,404
Total gross profit		2,689,883			3,245,021

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Others, Net (Tables)

12 Months Ended

Jun. 30, 2024

Others, Net [Abstract]

Schedule of Others, Net

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

Government grants		69		415		3,506
Fair value changes of short-term investments		4,894		9,235		18,452
Others		14,950		11,663		7,007
Total		19,913		21,313		28,965

Prepayments and Other Current Assets (Tables)

12 Months Ended

Jun. 30, 2024

Prepayments and Other Current Assets [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets as of June 30, 2023 and 2024, consist of the following:

	As of June 30,
	2023		2024
	RMB		RMB

Receivables from third party payment platforms ⁽ⁱ⁾		22,533		94,138
Prepayments for promotion fees		65,832		67,163
Receivable from an issuer of matured structured notes (Note 11)		-		58,213
Prepaid other service fees⁽ⁱⁱ⁾		25,281		21,122
Prepaid input value-added tax⁽ⁱⁱⁱ⁾		360		12,358
Receivables from financial institutions security account^(iv)		-		11,972
Deposits		3,500		5,101
Prepayments for products procurement^(v)		13,543		974
Others		5,632		4,508
Total		136,681		275,549

(i)

Receivables from third party payment platforms consist of cash that has been received from course participants but held by the third-party payment platforms. The Group subsequently collected the full balance from the third-party payment platforms.

(ii)

Prepaid other service fees consist of prepayment of cloud server hosting fees and others.

(iii)

Prepaid input value-added tax consists of VAT input that is expected to offset with VAT output tax or to be transferred out in the future.

(iv)

Receivables from financial institutions security account consists of deposit in financial institutions security account for share repurchase purpose.

(v)

Prepayments for products procurement represent prepayments made to third-party suppliers for the procurement of products for the Group’s consumer business.

Lease (Details) - Schedule of Maturities of Operating Lease Liabilities ¥ in Thousands	Jun. 30, 2024 CNY (¥)
Schedule of Maturities of Operating Lease Liabilities [Abstract]
For the year ended June 30, 2025	¥ 51,305
For the year ended June 30, 2026	15,793
For the year ended June 30, 2027	1,435
Total operating lease payments	68,533
Less: imputed interest	(2,445)
Present value of operating lease liabilities	¥ 66,088

Share Based Compensation Expenses (Details) - Schedule of Share Based Compensation Expenses - CNY (¥) ¥ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Schedule of share based compensation expenses [Line Items]
Share based compensation expenses	¥ 27,757	¥ 191,632	¥ 291,429
Share options issued by Predecessors to employees [Member]
Schedule of share based compensation expenses [Line Items]
Share based compensation expenses			100,629
Share Options Issued by Company to Employees [Member]
Schedule of share based compensation expenses [Line Items]
Share based compensation expenses	27,757	191,583	190,370
Restriction of ordinary shares held by the Founder [Member]
Schedule of share based compensation expenses [Line Items]
Share based compensation expenses		¥ 49	¥ 430

Lease (Details)	Jun. 30, 2024
Lease [Line Items]
Operating leases term	12 months
Minimum [Member]
Lease [Line Items]
Lease term	1 month
Maximum [Member]
Lease [Line Items]
Lease term	3 years

Document And Entity Information	12 Months Ended
Document And Entity Information	Jun. 30, 2024 shares
Document Information Line Items
Entity Registrant Name	QuantaSing Group Limited
Document Type	20-F
Current Fiscal Year End Date	--06-30
Amendment Flag	false
Entity Central Index Key	0001932770
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-41590
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	2/F, Building D
Entity Address, Address Line Two	Ronsin Technology Center
Entity Address, Address Line Three	Chaoyang District
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100102
Entity Address, Country	CN
Entity Interactive Data Current	Yes
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	U.S. GAAP
Auditor Firm ID	1424
Auditor Name	PricewaterhouseCoopers Zhong Tian LLP
Auditor Location	China
Business Contact
Document Information Line Items
Entity Address, Address Line One	2/F, Building D
Entity Address, Address Line Two	Ronsin Technology Center
Entity Address, Address Line Three	Chaoyang District
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100102
Entity Address, Country	CN
Contact Personnel Name	Dong Xie
City Area Code	86
Local Phone Number	10 6493-7857
Contact Personnel Email Address	tim.xie@quantasing.com
American depositary shares, each representing three Class A ordinary shares, par value US$0.0001 per share
Document Information Line Items
Trading Symbol	QSG
Title of 12(b) Security	American depositary shares, each representing three Class A ordinary shares, par value US$0.0001 per share
Security Exchange Name	NASDAQ
Class A ordinary shares, par value US$0.0001 per share
Document Information Line Items
Title of 12(b) Security	Class A ordinary shares, par value US$0.0001 per share
Class A Ordinary Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding	103,776,127
Class B Ordinary Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding	49,859,049

Accounts Receivable, Net (Details) - Schedule of Allowance for Credit Losses - CNY (¥) ¥ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Allowance for Credit Losses [Abstract]
Balance at beginning of the year	¥ (59)	¥ (13)
(Additions)/Reversals	(38)	(46)
Write-offs
Balance at end of the year	¥ (97)	¥ (59)

Consolidated Statements of Operations and Comprehensive (Loss)/Income
¥ in Thousands, $ in Thousands

12 Months Ended

Jun. 30, 2024

CNY (¥)

¥ / shares

Jun. 30, 2024

USD ($)

$ / shares

Jun. 30, 2023

CNY (¥)

¥ / shares

Jun. 30, 2022

CNY (¥)

¥ / shares

Revenues (including revenue from related parties of 44,710, RMB147,921 and RMB34,107 for the years ended June 30, 2022, 2023 and 2024, respectively)

¥ 3,795,331

$ 522,255

¥ 3,081,381

¥ 2,867,974

Cost of revenues

(550,310)

(75,725)

(391,498)

(408,757)

Gross Profit

3,245,021

446,530

2,689,883

2,459,217

Operating expenses:

Sales and marketing expenses

(2,586,977)

(355,980)

(2,408,464)

(2,254,459)

Research and development expenses

(144,868)

(19,935)

(219,781)

(273,484)

General and administrative expenses

(125,765)

(17,306)

(175,246)

(166,650)

Impairment loss on long-lived assets

(2,652)

(365)

Impairment loss on goodwill

(7,389)

(1,017)

Total operating expenses

(2,867,651)

(394,603)

(2,803,491)

(2,694,593)

(Loss)/Income from operations

377,370

51,927

(113,608)

(235,376)

Other income:

Interest income

10,520

1,448

5,328

387

Others, net

28,965

3,986

21,313

19,913

(Loss)/Income before income tax

416,855

57,361

(86,967)

(215,076)

Income tax expense

(31,328)

(4,311)

(21,685)

(18,350)

Net (Loss)/Income

385,527

53,050

(108,652)

(233,426)

Net loss attributable to non-controlling interests

115

Net (loss)/income attributable to QuantaSing Group Limited

385,527

53,050

(108,537)

(233,426)

Allocation of accretion of Predecessors’ preferred shares

^[1]

(22,655)

^[1]

Accretion of the Company’s preferred shares

(22,379)

(2,987)

Net (loss)/income attributable to ordinary shareholders of QuantaSing Group Limited

385,527

53,050

(130,916)

(259,068)

Net (loss)/income

385,527

53,050

(108,652)

(233,426)

Foreign currency translation adjustments, net of nil tax

(4,869)

(670)

20,343

1,839

Total other comprehensive income/(loss)

(4,869)

(670)

20,343

1,839

Total comprehensive loss

380,658

52,380

(88,309)

(231,587)

Comprehensive loss attributable to non-controlling interests

115

Comprehensive (loss)/income attributable to QuantaSing Group Limited

¥ 380,658

$ 52,380

¥ (88,194)

¥ (231,587)

Net (loss)/income per ordinary share

—Basic (in Dollars per share and Yuan Renminbi per share) | (per share)

¥ 2.34

^[2]

$ 0.32

¥ (1.26)

^[2]

¥ (5.26)

^[2]

—Diluted (in Dollars per share and Yuan Renminbi per share) | (per share)

¥ 2.27

^[2]

$ 0.31

¥ (1.26)

^[2]

¥ (5.26)

^[2]

Weighted average number of ordinary shares used in computing net (loss)/income per share

—Basic (in Shares)

^[2]

164,998,649

103,948,398

49,270,950

—Diluted (in Shares)

^[2]

170,045,651

103,948,398

49,270,950

Share-based compensation expenses included in

Share-based compensation expenses included in

¥ (27,757)

$ (3,820)

¥ (191,632)

¥ (291,429)

Cost of revenues

Share-based compensation expenses included in

Share-based compensation expenses included in

(13,651)

(1,878)

(26,486)

(27,583)

Sales and marketing expenses

Share-based compensation expenses included in

Share-based compensation expenses included in

2,902

399

(51,742)

(86,682)

Research and development expenses

Share-based compensation expenses included in

Share-based compensation expenses included in

(1,887)

(260)

(49,046)

(120,558)

General and administrative expenses

Share-based compensation expenses included in

Share-based compensation expenses included in

¥ (15,121)

$ (2,081)

¥ (64,358)

¥ (56,606)

[1]	The accretion of Predecessors’ preferred shares to redemption value attributable to the Listing Businesses was RMB22,655, nil and nil for the years ended June 30, 2022, 2023 and 2024 respectively.
[2]	Basic and diluted net (loss)/income per share are computed using the weighted average number of ordinary shares outstanding during the period, including 2,276,065, 3,318,369 and 3,092,516 vested options with nominal exercise price for the years ended June 30, 2022, 2023 and 2024.

Summary of Significant Accounting Policies

12 Months Ended

Jun. 30, 2024

Summary of Significant Accounting Policies [Abstract]

Summary of significant accounting policies

Summary of significant accounting policies

(a)

Basis of presentation

(b)

Principles of consolidation

The consolidated financial statements include the financial statements of the Company, its subsidiaries, and the consolidated VIEs (including the VIEs’ subsidiaries).

All significant intercompany transactions and balances between the Company, its wholly owned subsidiaries and the consolidated VIEs have been eliminated upon consolidation.

(c)

Use of estimates

(d)

Foreign currency translation

(e)

Convenience translation

(f)

Cash and cash equivalents

(g)

Accounts receivable

The Group’s other receivables which were recorded as a component of the prepaid expenses and other current assets and other non-current assets are within the scope of ASC Topic 326.

(h)

Inventories

(i)

Fair value measurement

●

Level 1 applies to assets or liabilities for which there are quoted prices, in active markets for identical assets or liabilities.

●

Level 3 applies to asset or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The Group’s non-financial assets, such as property and equipment, intangible assets and goodwill, would be measured at fair value only if they were determined to be impaired.

(j)

Short-term investments

(k)

Prepayments and other current assets

(l)

Property and equipment, net

Category		Estimated useful life

Leasehold improvement		Shorter of the lease term or estimated economic life
Computer and electronic equipment		3 years
Furniture and mechanical equipment		5 years

(m)

Intangible assets

Category		Estimated useful life

Insurance brokerage license		52 months
Software		1 year to 2 years
Brand name		5 years

(n)

Goodwill

(o)

Long-term investments

Investments accounted for at fair value

Investment in a partnership enterprise

(p)

Impairment of long-lived assets other than goodwill

During the year ended June 30, 2024, the Group recorded long-lived assets impairment of RMB2,652 (US$365) related to the intangible asset arisen from the business combination.

(q)

Operating Lease

(r)

Treasury stock

(s)

Net (loss)/income per ordinary share

The shares repurchased by the Company are excluded from the number of shares outstanding for purposes of computing basic and diluted net (loss)/income per ordinary share in accordance with ASC 260.

(t)

Non-controlling interests

(u)

Business combination and business disposal

(v)

Revenue recognition

Under ASC 606, the Group determined revenue recognition through the following steps:

Identification of the contract, or contracts, with a customer;

Identification of the performance obligations in the contract;

	-	Determination of the transaction price, including the constraint on variable consideration;

Allocation of the transaction price to the performance obligations in the contract;

Recognition of revenue when (or as) the Group satisfies a performance obligation.

(i)

Online learning services

The online learning services provided by the Group principally include online financial literacy courses, skills upgrading courses and recreation and leisure courses.

Self-operated online learning services

Cooperated online learning services

(ii)

Enterprise services

(iii)

Consumer business

(iv)

Others

Practical expedients

The Group has used the following practical expedients as allowed under ASC 606:

(i)

(ii)

The Group expenses the costs to obtain a contract as incurred when the expected amortization period is one year or less.

Contract balances

Contract liabilities

Contract liability is related to the payments received by the Group in advance from customers for which the Group’s revenue recognition criteria have not been met.

Revenue Disaggregation

The following table sets forth a breakdown of the Group’s revenues disaggregated by business line:

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

Online learning services
- Financial literacy courses		2,300,434		1,874,627		1,307,365
- Skills upgrading courses		158,295		721,252		1,661,791
- Recreation and leisure courses		35,601		138,998		395,118
Subtotal		2,494,330		2,734,877		3,364,274
Enterprise services		185,511		340,934		247,732
Consumer business		-		4,816		173,961
Others		188,133		754		9,364
Total revenues		2,867,974		3,081,381		3,795,331

(w)

Cost of revenues

(x)

Sales and marketing expenses

(y)

General and administrative expenses

(z)

Research and development expenses

(aa)

Share-based compensation expenses

(ab)

Employee benefits

(ac)

Taxation

Income taxes

Value added Tax (“VAT”)

(ad)

Comprehensive (loss)/income

(ae)

Segment reporting

(af)

Recently issued accounting pronouncements not yet adopted

Accrued Expenses and Other Current Liabilities (Details) - Schedule of Outstanding Accrued Expenses and Other Current Liabilities
¥ in Thousands, $ in Thousands

Jun. 30, 2024

CNY (¥)

Jun. 30, 2024

USD ($)

Jun. 30, 2023

CNY (¥)

Schedule of Outstanding Accrued Expenses and Other Current Liabilities [Abstract]

Accrued employee payroll and welfare benefits

¥ 75,686

¥ 128,097

Other accrued expense

72,846

23,501

Other tax payable

21,201

18,640

Refund liability

^[1]

19,282

513

Others

1,493

409

Total accrued expenses and other current liabilities

¥ 190,508

$ 26,215

¥ 171,160

[1]	Refund liability represents the estimated amounts of consideration collected by the Group which it expects to refund to its customers according to refund policy as described in Note 2(v).

- Definition

Amount of liabilities classified as other.

+ References + Details

Taxation (Details) - Schedule of the Component of Income Tax Expenses ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
Schedule of the Component of Income Tax Expenses [Abstract]
Current tax expense	¥ (18,466)		¥ (23,769)	¥ (19,796)
Deferred tax benefit/(expense)	(12,862)		2,084	1,446
Income tax expense	¥ (31,328)	$ (4,311)	¥ (21,685)	¥ (18,350)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Share Based Compensation Expenses

12 Months Ended

Jun. 30, 2024

Share Based Compensation Expenses [Abstract]

Share based compensation expenses

15.

Share based compensation expenses

Share based compensation expenses for periods prior to the Reorganization were related to the share options or restricted shares granted by Predecessors to the employees, management and the founders. For the years ended June 30, 2022, 2023 and 2024, total share-based compensation expenses that pushed down to the Company from the Predecessors, were RMB100,988, nil and nil, respectively.

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

(a) Share options issued by Predecessors to employees		100,629		-		-
(b) Share options issued by Company to employees		190,370		191,583		27,757
(c) Restriction of ordinary shares held by the Founder		430		49		-
Total		291,429		191,632		27,757

(a)

Share options issued by the Predecessors

On April 23, 2018, WN adopted the 2018 WN Share Incentive Plan (the “2018 WN Plan”), whereby the maximum aggregate number of ordinary shares that can be issued under the 2018 WN Plan was 22,317,118 shares.

From July 1, 2018 to April 1, 2021, WN granted several batches of options to employees pursuant to the 2018 WN Plan. These options were to be vested in four equal installments, with 25% of the total options becoming vested on each of the first, second, third and fourth anniversary of the vesting commencement date with certain performance conditions including completion of an IPO (the “IPO condition”).

On May 31, 2021, EW adopted the 2021 EW Global Share Plan (the “2021 EW Plan”), whereby the maximum aggregate number of ordinary shares that can be issued under the 2021 EW Plan was 21,717,118 shares.

On May 31, 2021, in connection with the Step 1 Reorganization, the outstanding share options of WN were replaced by the options issued by EW under the 2021 EW Plan, with the IPO condition removed, which was accounted for as a modification. In accordance with ASC 718, such modification was a Type III modification because the original condition is not expected to be satisfied as of the modification date. The incremental fair value of the 14,358,812 shares options is equal to the fair value of the modified awards amounting to RMB253,673. The Group recognized the incremental value for vested awards amounting to RMB35,617 on May 31, 2021 and the incremental value for unvested awards over the remaining vesting period.

From July 1, 2021 to May 31, 2022, EW granted several batches of options to employees pursuant to the 2021 EW Plan. These options were to be vested in four equal installments, with 25% of the total options becoming vested on each of the first, second, third and fourth anniversary of the vesting commencement date with certain performance conditions.

(b)

Share options issued by the Company

On May 31, 2022, the Company adopted the 2021 Global Share Plan (the “2021 Plan”), whereby the maximum aggregate number of ordinary shares that can be issued under the 2021 Plan was 21,717,118 shares. On December 20, 2022, the Company’s board of directors authorized an expansion of the reserved shares pool for the 2021 Global Share Plan with an addition number of 16,523,627 ordinary shares.

On May 31, 2022, in connection with the Step 2 Reorganization, the outstanding share options of EW were replaced by the options issued by the Company under the 2021 Plan. As the options issued by EW did not contain a mandatory equitable adjustment provision, the value of the EW awards immediately before the modification declined significantly, and the modification resulted in incremental fair value because the fair value immediately after modification reflected the new equitable adjustments to the award’s terms, which increased its value relative to the EW award that were not adjusted. Thus the modification did not meet the scope exception of modification accounting under ASC 718, and since the options either contained service condition only, or contained performance condition that is considered probable to be satisfied, such modification was accounted for as a Type I probable-to-probable modification, and the compensation cost was recognized based on the original grant-date fair value of the EW award plus the incremental fair value resulting from the modification. The Group recognized the incremental value for vested awards amounting to RMB117,520 on May 31, 2022, which was reflected in the financial statements for the quarter ended June 30, 2022, and the incremental value for unvested awards over the remaining vesting period.

On August 31, 2022, the Company granted 70,000 share options to employees pursuant to the 2021 Plan. These options were to be vested in four equal installments, with 25% of the total options becoming vested on each of the first, second, third and fourth anniversary of the vesting commencement date with certain performance conditions.

On November 30, 2022, the Company granted 3,305,000 share options to employees pursuant to the 2021 Plan, with the same vesting conditions with those granted in August 2022. In addition, made following modifications of the previously granted awards:

●

The Company reduced the exercise prices of 7,190,000 share options granted to employees before September 30, 2022 under the 2021 Plan, and all other terms of these options remain unchanged. The incremental fair value resulted from the modification of these share options was RMB17,224, of which RMB7,460 was recognized immediately upon the modification.

●

500,000 share options previously granted to an executive officer was accelerated vested and the incremental fair value from the modification was RMB6,449, which was wholly recognized upon the modification.

A summary of activities of share options of the Company for the years ended June 30, 2022, 2023 and 2024 is presented below:

	Options Outstanding			Weighted Average Exercise Price (US$)		Weighted Average Remaining Contractual Life (In years)		Aggregate Intrinsic Value (RMB)

Outstanding as of July 1, 2021		14,318,812			0.3229		8.70		254,748
Granted		2,958,000			0.8000
Forfeited		(1,566,500	)		0.5841
Outstanding as of June 30, 2022		15,710,312			0.3861		7.90		346,142
Options vested and exercisable as of June 30, 2022		7,478,922			0.2041		7.23		173,915

Outstanding as of July 1, 2022		15,710,312			0.3861		7.9		346,142
Granted		3,375,000			0.1270
Forfeited		(860,061	)		0.5991
Outstanding as of June 30, 2023		18,225,251			0.1831		9.01		346,378
Options vested and exercisable as of June 30, 2023		10,478,605			0.1484		8.92		201,781

Outstanding as of July 1, 2023		18,225,251			0.1831		9.01		346,378
Granted		4,217,652			0.4066
Exercised		(1,852,806	)		0.2261
Forfeited		(2,807,954	)		0.2507
Expired		(120,003	)		0.7162
Outstanding as of June 30, 2024		17,662,140			0.2176		8.37		44,127
Options vested and exercisable as of June 30, 2024		11,871,925			0.1573		8.01		34,836

There were 2,298,000, 3,375,000 and 4,217,652 options granted for the years ended June 30, 2022, 2023 and 2024. The weighted average grant date fair value of options granted for the years ended June 30, 2022, 2023 and 2024 were US$2.56, US$3.77 and US$0.39 per share, respectively.

For the years ended June 30, 2022, 2023 and 2024, share-based compensation expenses recognized associated with share options granted by the Predecessors to employees of the Listing Businesses and allocated to the Company were RMB100,629, nil and nil. For the year ended June 30, 2023 and 2024, share-based compensation expenses recognized associated with share options granted to employees by the Company were RMB191,583 and RMB27,757.

On May 31, 2022, the Company granted 510,500 share options to employees of the Group’s related parties controlled by the same shareholders with the Company under the 2021 Plan, to replace their outstanding EW share options. On December 29, 2023, the Company granted 57,791 share options to employees of the Group’s related parties controlled by the same shareholders with the Company under the 2021 Plan. As of June 30, 2023 and 2024, 274,500 and 230,577 share options of the Company were held by the employees of the Group’s related parties with the weighted average exercise price of US$0.61 and US$0.66 per option and weighted average remaining contractual years of 8.92 and 8.23 years, out of which 141,750 and 144,382 options were vested and exercisable with the weighted average exercise price of US$0.55 and US$0.69 per option and weighted average remaining contractual years of 8.92 and 8.03 years. The aggregate intrinsic value of the outstanding options as of June 30, 2023 and 2024 are RMB4,364 and RMB49 respectively. The aggregate intrinsic value of the exercisable options as of June 30, 2023 and 2024 are RMB2,319 and RMB11 respectively. The share awards were measured based on the fair value as of May 31, 2022. The share options granted to employees of the Group’s related parties were accounted for as deemed dividend from the Company to its shareholders, as these employees of the related parties do not provide services to the Company. The amount recognized as deemed dividend was RMB10,365, nil and nil for the years ended June 30, 2022, 2023 and 2024, respectively.

As of June 30, 2022, 2023 and 2024, there were RMB227,395, RMB119,847 and RMB38,162 of unrecognized share-based compensation expenses related to the share options granted. The expenses are expected to be recognized over a weighted-average period of 2.39 years, 1.46 years and 1.99 years, which may be adjusted for future change in forfeitures.

The estimated fair value of each option grant is estimated on the date of grant using the Binominal option-pricing model with the following assumptions:

	For the years ended June 30,
	2022			2023			2024

Expected volatility		44.04%-45.32	%		46.00%-48.00	%		81.85%-83.12	%
Risk-free interest rate (per annum)		1.48%-2.39	%		3.15%-3.80	%		3.84%-4.27	%
Expected dividend yield		0.00	%		0.00	%		0.00	%
Expected term (in years)		10			10			10
Fair value of the underlying shares on the date of option grants (US$)		3.08-3.87			3.80-3.93			0.53-1.20

The use of a valuation model requires the Company to make certain assumptions of Predecessors with respect to selected model inputs. The expected volatility is calculated based on the annualized standard deviation of the daily return embedded in historical share prices of comparable companies. The risk-free interest rate is estimated based on the yield to maturity of US treasury bonds based on the expected term of the incentive shares. Predecessors has not declared or paid any cash dividends on its capital stock and does not anticipate any dividend payments on its ordinary shares in the foreseeable future.

(c) Restriction of ordinary shares held by the Founder

On April 25, 2017, in connection with Series A preferred shares purchase agreement of Witty network, Witty Time limited (“Founder Co.”) and its three shareholders, the Founder of the Group and two co-founders, entered into a restricted share agreement with Witty network, agreed to place all of their 63,000,200 ordinary shares into escrow to be released back to them only if specified service criteria are met (the “Restricted Shares”). 25% of the Restricted Shares shall be vested after the first anniversary of April 25, 2017, and the remaining 75% of the Restricted Shares shall be vested annually in equal installments over the next three years.

Before April 25, 2018, two co-founders no longer served Witty network and therefore the initial grant of shares has been forfeited. All the 20,353,910 Restricted Shares granted to the two co-founders were repurchased by Witty network, at the price of US$0.0001 per share.

On April 25, 2018, Witty network granted 13,036,792 Ordinary Shares to Founder Co. which is owned by the Founder, for which 25% became vested immediately, and the remaining shall vest every year thereafter in three equal installments. As such, 55,683,082 Restricted Shares were granted to the Founder, of which 25% were vested on April 25, 2018, and the remaining 75% shall vest every year thereafter in three equal installments.

On August 13, 2020, Witty network repurchased 1,640,444 Restricted Shares which have been vested, at the price of US$1.18 per share. The fair value of ordinary shares was US$0.49 per share. The difference between the repurchase price and fair value of the ordinary shares at the time of the repurchase was recorded as compensation expenses. The remaining shares were re-designated as Class B ordinary shares subject to the original restriction terms.

On September 1, 2020, 600,000 vested share options held by individual managers were purchased by the Founder with US$0.85 per share option. Witty network did not receive any proceeds from this transaction. At the time of the purchase, the IPO condition attached to these options was removed, that is, the options received by the Founder were immediately exercisable. In accordance with ASC 718, the removal of the IPO condition was accounted for as a Type III modification because the original condition was not expected to be satisfied as of the modification date. Therefore, the difference between the purchase price and fair value of these options before modification, which approximately equaled the purchase price, was recorded as share based compensation expenses. In November 2020, these options were approved by the board to be exercised as 600,000 Class A ordinary shares, and the Founder agreed with Witty network to classify 150,000, out of the 600,000 Class A ordinary shares as additional Restricted Shares, with 50% of these shares vested on August 13, 2021 and 2022 respectively. In addition, the Founder further agreed with Witty network that 410,111 Class B ordinary shares of the previously granted Restricted Shares were vested immediately, while the remaining 13,510,660 Class B ordinary shares, being the unvested Restricted Shares, were also modified with 50% vested on August 13, 2021 and 2022 respectively. Such modification did not have any material impact on the fair value of these share options.

On May 31, 2021, all of the then outstanding restricted shares were issued by EW to Founder Co. to replicate the number and terms of restricted shares originally issued by Witty network. On May 31, 2022, all of the then outstanding restricted shares were issued by the Company to Founder CO. to replicate the number and terms of restricted shares originally issued by EW.

On June 1, 2022, the remaining 75,000 shares of these unvested restricted shares were approved to be vested immediately, and the remaining RMB71 of share-based compensation expenses were recognized immediately.

On August 13, 2022, all of the remaining 6,755,330 restricted shares were fully vested.

Such restriction is deemed as a compensatory arrangement for services to be provided by the Founder, and therefore accounted for as a share-based compensation arrangement. The share-based compensation expenses related to restricted shares are recognized on a graded vesting basis.

A summary of activities of restricted shares for the years ended June 30, 2022 and 2023 is presented below. There were no activities of restricted shares for the year ended June 30, 2024:

	Number of shares			Weighted- Average Grant Date Fair Value (in US$)

Unvested at July 1, 2021		13,660,660			0.07
Granted		-			-
Vested		(6,905,330	)		0.08
Unvested at June 30, 2022		6,755,330			0.06

Unvested at July 1, 2022		6,755,330			0.06
Vested		(6,755,330	)		0.06
Unvested at June 30, 2023		-			-

Commitments and Contingencies

12 Months Ended

Jun. 30, 2024

Commitments and Contingencies [Abstract]

Commitments and contingencies

21.

Commitments and contingencies

Operating lease commitment

Upon the adoption of ASC 842, Leases, future minimum lease payments for operating lease liabilities as of June 30, 2023 and 2024 are disclosed in Note 10.

Legal Proceedings

As of June 30, 2023, and 2024, the Group was not involved in any legal or administrative proceedings that may have a material adverse impact on the Group’s business, financial position results of operations, or cash flows.

Subsequent Events (Details) - Class A Ordinary Shares [Member]	12 Months Ended
	Jun. 30, 2024 USD ($) shares
Subsequent Events (Details) [Line Items]
Repurchased shares \| shares	315,651
Repurchased amount \| $	$ 175

Long-Term Investments (Tables)

12 Months Ended

Jun. 30, 2024

Long-Term Investments [Abstract]

Schedule of Long Term Investments

Long term investments as of June 30, 2023 and 2024 consist of the following:

	As of June 30,
	2023		2024
	RMB		RMB

Equity investment (i)		-		3,002
Investment accounted for at fair value (ii)		-		6,008
Total		-		9,010

(i)

In March 2024, the Group entered into a partnership agreement with third party investors in China to form a limited partnership enterprise (the “Partnership Enterprise”) for future investing activities in the consumer market in China. In accordance with the agreement, the Group served as one of the limited partners and agreed to subscribe for 43.29% of the equity interests in the Partnership Enterprise by contributing a sum of RMB100,000 aggregately as the capital of the Partnership Enterprise. As of June 30, 2024, RMB3,000 was paid by the Group as part of the agreed capital contribution to the Partnership Enterprise which has not yet carried out any significant business activities.

(ii)

In May 2024, the Group completed an investment in 12,500,000 series angel preferred shares issued by an unlisted technology company (the “Investee”) by (i) paying US$500 in cash and (ii) contracting to provide future advertising services with fair value of US$343 at the contract inception date. The Group has the right to request the Investee to redeem all or part of the outstanding preferred shares at any time upon the occurrence of certain redemption events.

Organization and Principal Activities (Details) - Schedule of Main Subsidiaries and Consolidated VIEs
$ in Thousands

12 Months Ended

Jun. 30, 2024

USD ($)

Beijing Erwan Technology Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Mar. 27, 2017

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

Principal activities

Investment holding

Feierlai (Beijing) Technology Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Jul. 27, 2016

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

^[1]

Principal activities

Listing Businesses

Beijing Dianfengtongdao Technology Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Apr. 25, 2017

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

^[1]

Principal activities

Listing Businesses, Old Business

Hundreds of Mountains Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Mar. 22, 2021

Place of incorporation

The BVI

Percentage of direct or indirect economic interest

$ 100

Principal activities

Investment holding

Witty Digital Technology Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Mar. 29, 2021

Place of incorporation

Hong Kong

Percentage of direct or indirect economic interest

$ 100

Principal activities

Investment holding

Rare River Group Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Feb. 06, 2024

Place of incorporation

Cayman Islands

Percentage of direct or indirect economic interest

$ 100

Principal activities

Investment holding

Rare River Group (BVI) Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Feb. 08, 2024

Place of incorporation

The BVI

Percentage of direct or indirect economic interest

$ 100

Principal activities

Investment holding

Rare River Technology (HK) Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Mar. 06, 2024

Place of incorporation

Hong Kong

Percentage of direct or indirect economic interest

$ 100

Principal activities

Investment holding

CreaVerse Group Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Feb. 06, 2024

Place of incorporation

Cayman Islands

Percentage of direct or indirect economic interest

$ 100

Principal activities

Investment holding

CreaVerse Group (BVI) Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Feb. 08, 2024

Place of incorporation

The BVI

Percentage of direct or indirect economic interest

$ 100

Principal activities

Investment holding

CreaVerse Technology (Singapore) Pte. Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Feb. 26, 2024

Place of incorporation

Singapore

Percentage of direct or indirect economic interest

$ 100

Principal activities

Investment holding

CreaVerse Technology (HK) Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Mar. 11, 2024

Place of incorporation

Hong Kong

Percentage of direct or indirect economic interest

$ 100

Principal activities

Investment holding

Beijing Liangzizhige Technology Limited. [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Mar. 19, 2021

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

Principal activities

Technical consulting and related service

Beijing Chuangyuqizhi Technology Co., Ltd. [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Apr. 26, 2024

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

Principal activities

Technical consulting and related service

Beijing Ziranzhilu Liquor Industry Co., Ltd. [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Apr. 26, 2024

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

Principal activities

Consumer business

Qiniuyouxuan (Beijing) Technology Co., Ltd. [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Mar. 23, 2023

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

Principal activities

Consumer business

Feierlai (Beijing) Technology Co., Ltd. [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Jul. 27, 2016

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

^[2]

Principal activities

Online learning services

Beijing Zhixueduxing Technology Co., Ltd. [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Mar. 23, 2023

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

^[2]

Principal activities

Technology service

Beijing Shijiwanhe Information Consulting Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Aug. 28, 2019

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

^[2]

Principal activities

Online learning services

Beijing Denggaoerge Network Technology Limited [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Dec. 24, 2020

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

^[2]

Principal activities

Online learning services

Anhui Denggaoerge Network Technology Co., Ltd. [Member]

Schedule of Main Subsidiaries and Consolidated VIEs [Line Items]

Date of incorporation

Feb. 12, 2023

Place of incorporation

The PRC

Percentage of direct or indirect economic interest

$ 100

^[2]

Principal activities

Online learning services

[1]	WN WFOE had 100% of beneficial interests in these consolidated VIEs.
[2]	The WFOEs have 100% of beneficial interests in the consolidated VIEs (including their subsidiaries).

Organization and Principal Activities (Tables)

12 Months Ended

Jun. 30, 2024

Organization and Principal Activities [Abstract]

Schedule of Main Subsidiaries and Consolidated VIEs

Main subsidiaries and consolidated VIEs of WN included:

	Date of incorporation	Place of incorporation	Percentage of direct or indirect economic interest			Principal activities

Wholly owned subsidiaries:
Beijing Erwan Technology Limited (“Beijing Erwan”, or the “WN WFOE”)	March 27, 2017	The PRC		100	%	Investment holding

VIEs:
Feierlai (Beijing) Technology Limited (“Beijing Feierlai”, or the “VIE 1”, or the “VIE” after the Reorganization)	July 27, 2016	The PRC		100	%*	Listing Businesses
Beijing Dianfengtongdao Technology Limited (“Beijing Dianfeng”, or the “WN VIE”)	April 25, 2017	The PRC		100	%*	Listing Businesses, Old Business

WN WFOE had 100% of beneficial interests in these consolidated VIEs.

As of June 30, 2024, the Company’s major subsidiaries, the VIEs and VIEs’ subsidiaries are as follows:

	Date of incorporation	Place of incorporation	Percentage of direct or indirect economic interest			Principal activities

Wholly owned subsidiaries (offshore):
Hundreds of Mountains Limited	March 22, 2021	The BVI		100	%	Investment holding
Witty Digital Technology Limited	March 29, 2021	Hong Kong		100	%	Investment holding
Rare River Group Limited	February 6, 2024	Cayman Islands		100	%	Investment holding
Rare River Group (BVI) Limited	February 8, 2024	The BVI		100	%	Investment holding
Rare River Technology (HK) Limited	March 6, 2024	Hong Kong		100	%	Investment holding
CreaVerse Group Limited	February 6, 2024	Cayman Islands		100	%	Investment holding
CreaVerse Group (BVI) Limited	February 8, 2024	The BVI		100	%	Investment holding
CreaVerse Technology (Singapore) Pte. Limited	February 26, 2024	Singapore		100	%	Investment holding
CreaVerse Technology (HK) Limited	March 11, 2024	Hong Kong		100	%	Investment holding
Wholly owned subsidiaries (onshore):
Beijing Liangzizhige Technology Limited. (the “EW WFOE”, or the “WFOE 1”)	March 19, 2021	The PRC		100	%	Technical consulting and related service
Beijing Chuangyuqizhi Technology Co., Ltd. (the “WFOE 2”)	April 26, 2024	The PRC		100	%	Technical consulting and related service
Beijing Ziranzhilu Liquor Industry Co., Ltd.	April 26, 2024	The PRC		100	%	Consumer business
Qiniuyouxuan (Beijing) Technology Co., Ltd.	March 23, 2023	The PRC		100	%	Consumer business
VIEs:
Feierlai (Beijing) Technology Co., Ltd. (“Beijing Feierlai”, or the “VIE 1”)	July 27, 2016	The PRC		100	%*	Online learning services
Beijing Zhixueduxing Technology Co., Ltd. (the “VIE 2”)	March 23, 2023	The PRC		100	%*	Technology service
VIEs’ subsidiaries:
Beijing Shijiwanhe Information Consulting Limited	August 28, 2019	The PRC		100	%*	Online learning services
Beijing Denggaoerge Network Technology Limited	December 24, 2020	The PRC		100	%*	Online learning services
Anhui Denggaoerge Network Technology Co., Ltd.	February 12, 2023	The PRC		100	%*	Online learning services

The WFOEs have 100% of beneficial interests in the consolidated VIEs (including their subsidiaries).

Schedule of Cost of Revenues, Sales and Marketing Expenses, Research and Development Expenses, and General and Administrative Expenses Allocated

The following tables set forth the cost of revenues, sales and marketing expenses, research and development expenses, and general and administrative expenses allocated from the Predecessors for the years ended June 30, 2022:

For the year ended June 30, 2022:	Share based compensation		Others		Total
	RMB		RMB		RMB

Cost of revenues		10,984		77		11,061
Sales and marketing expenses		32,406		7,172		39,578
Research and development expenses		30,986		338		31,324
General and administrative expenses		26,612		2,065		28,677
Total		100,988		9,652		110,640

Schedule of Consolidated Financial Information

The following consolidated financial information of the VIEs after the elimination of inter-company transactions between the VIEs and the subsidiaries of the VIEs was included in the accompanying consolidated financial statements of the Group as follows:

	As of June 30,
	2023		2024
	RMB		RMB

ASSETS
Current assets:
Cash and cash equivalents		422,076		311,071
Short-term investments		50,213		-
Accounts receivable, net		12,203		16,083
Amounts due from related parties		29,116		4,488
Amounts due from intra-Group companies		-		149,820
Inventory, net		-		6
Prepayments and other current assets		123,734		180,818
Total current assets		637,342		662,286
Property and equipment, net		2,646		1,330
Operating lease right-of-use assets		41,654		26,848
Deferred tax assets		2,084		847
Other non-current assets		12,347		10,945
Total non-current assets		58,731		39,970
TOTAL ASSETS		696,073		702,256
Accounts payables		62,094		61,888
Accrued expenses and other current liabilities		124,532		151,918
Amounts due to intra-Group companies		17,000		32,714
Income tax payable		8,794		9,642
Contract liabilities, current portion		517,213		380,548
Advance from customers		144,397		159,806
Operating lease liabilities, current portion		21,425		23,782
Total current liabilities		895,455		820,298
Contract liabilities, non-current portion		7		11,365
Operating lease liabilities, non-current portion		23,786		6,317
Total non-current liabilities		23,793		17,682
TOTAL LIABILITIES		919,248		837,980

	For the years ended June 30,
	2022			2023			2024
	RMB			RMB			RMB

Revenues:
- earned from third-party customers		2,822,508			2,933,413			3,752,463
- earned from a related party		44,710			147,921			34,107
Total revenues		2,867,218			3,081,334			3,786,570

Cost of revenues and operating expenses
- arising from non intra-Group transactions		(2,576,144	)		(2,701,287	)		(3,052,384	)
- arising from the intra-Group technical consulting and related service under VIE Contractual Agreements		(230,281	)		(392,174	)		(673,373	)
Total cost of revenues and operating expenses		(2,806,425	)		(3,093,461	)		(3,725,757	)

Net (loss)/income		62,712			(15,092	)		69,773

	For the years ended June 30,
	2022			2023			2024
	RMB			RMB			RMB

Cash flows from operating activities:
Net cash provided by transactions with third parties		495,719			548,728			644,984
Net cash used in transactions with intra-Group companies related to technical consulting and related service under VIE Contractual Agreements		(239,597	)		(415,703	)		(713,732	)
Net cash provided by operating activities		256,122			133,025			(68,748	)

Cash flows from investing activities:
Net cash (used in)/provided by transactions with third parties		(31,836	)		9,786			56,305
Net cash (used in)/provided by transactions with related parties		(5,912	)		24,386			-
Net cash (used in)/provided by transactions with intra-Group companies*		(155,960	)		155,960			(141,984	)
Net cash (used in)/provided by investing activities		(193,708	)		190,132			(85,679	)

Cash flows from financing activities:
Net cash provided by/(used in) transactions with Predecessors		(3,691	)		-			-
Net cash used in transactions with third parties		-			(1,530	)		(2,250	)
Net cash provided by/ (used in) transactions with intra-Group companies		-			17,000			45,672
Net cash provided by/ (used in) financing activities		(3,691	)		15,470			43,422

During the year ended June 30, 2022, the VIEs transferred RMB155,960 of its excess cash to the WFOEs for cash management purpose, which have been fully collected during the year ended June 30, 2023. During the year ended June 30, 2024, the VIEs transferred RMB141,984 of its excess cash to certain subsidiaries to support their business.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Ordinary Shares and Treasury Stock (Details) $ / shares in Units, ¥ in Thousands, $ in Thousands							12 Months Ended
	Feb. 16, 2023 USD ($) shares	Jan. 27, 2023 USD ($) $ / shares shares	Feb. 09, 2022 USD ($) $ / shares shares	Nov. 04, 2020 shares	Aug. 13, 2020 shares	Apr. 25, 2018 shares	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 CNY (¥) shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 shares	Jun. 01, 2022 shares	May 31, 2022 shares	Jun. 30, 2021 shares	May 31, 2021 shares	Jul. 01, 2020 shares
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, issued		700,000,000										54,642,638
Unvested restricted shares					13,920,770
Shares repurchased					1,640,444		4,681,353
Restricted shares						20,353,910
Share capital (in Dollars) \| $			$ 50,000
Common stock par value (in Dollars per share) \| $ / shares		$ 0.0001
Number of issued per unit			1
Net proceeds for exercised (in Dollars) \| ¥								¥ 9,984
Repurchase payment (in Dollars) \| $							$ 20,000		$ 20,000
Repurchase average price per share (in Dollars per share) \| $ / shares							$ 1.2
Re-issued treasury stock							1,852,806
Common Stock [Member]
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, issued							500,000,000
Share capital (in Dollars) \| $							$ 50,000
Common stock par value (in Dollars per share) \| $ / shares							$ 0.0001
ADS [Member]
Ordinary Shares and Treasury Stock [Line Items]
Cancelled shares							9
Restricted Stock [Member]
Ordinary Shares and Treasury Stock [Line Items]
Unvested restricted shares										6,755,330	75,000		13,660,660
Shares repurchased					1,640,444
Restricted Stock [Member] \| Common Stock [Member]
Ordinary Shares and Treasury Stock [Line Items]
Unvested restricted shares															13,920,770
Class B Ordinary Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, issued					54,042,638		49,859,049	49,859,049	49,859,049			6,755,330		54,042,638
Ordinary shares, vote					ten
Shares authorized							70,000,000	70,000,000	70,000,000
Common stock par value (in Dollars per share) \| $ / shares		$ 0.0001					$ 0.0001
Class B Ordinary Shares [Member] \| Common Stock [Member]
Ordinary Shares and Treasury Stock [Line Items]
Shares repurchased
Shares authorized							54,042,638				4,183,589
Share allotted and issued
Exercised shares
Net proceeds for exercised (in Dollars) \| ¥
Class B Ordinary Shares [Member] \| Mr. Peng Li [Member]
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, issued		49,859,049
Class B Ordinary Shares [Member] \| Convertible Note [Member]
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, vote							ten
Class A Ordinary Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, issued		430,000,000		600,000			119,595,046	115,759,408	115,759,408			75,000		600,000
Shares repurchased							13,836,078
Ordinary shares, vote				one
Shares authorized							430,000,000	430,000,000	430,000,000
Common stock par value (in Dollars per share) \| $ / shares		$ 0.0001					$ 0.0001
Repurchase average price per share (in Dollars per share) \| $ / shares							$ 3.6
Total consideration of treasury stock (in Dollars) \| $							$ 16,597
Class A Ordinary Shares [Member] \| Common Stock [Member]
Ordinary Shares and Treasury Stock [Line Items]
Shares repurchased
Restricted shares				150,000
Shares authorized							345,113,731
Share allotted and issued								9,750,000	9,750,000
Exercised shares								382,188	382,188
Net proceeds for exercised (in Dollars) \| ¥
Class A Ordinary Shares [Member] \| Convertible Note [Member]
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, vote							one
Convertible Redeemable Series A Preferred Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Preferred stock shares authorized							22,000,000
Price per share (in Dollars per share) \| $ / shares							$ 0.0001
Convertible Redeemable Series B Preferred Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Preferred stock shares authorized							23,983,789
Price per share (in Dollars per share) \| $ / shares							$ 0.0001
Convertible Redeemable Series B-1 Preferred Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Preferred stock shares authorized							7,913,872
Price per share (in Dollars per share) \| $ / shares							$ 0.0001
Convertible Redeemable Series C Preferred Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Preferred stock shares authorized							20,327,789
Price per share (in Dollars per share) \| $ / shares							$ 0.0001
Convertible Redeemable Series D Preferred Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Preferred stock shares authorized							11,818,754
Price per share (in Dollars per share) \| $ / shares							$ 0.0001
Convertible Redeemable Series E Preferred Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Preferred stock shares authorized							14,799,427
Price per share (in Dollars per share) \| $ / shares							$ 0.0001
Founder [Member] \| Common Stock [Member]
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, issued															55,683,082
Shares authorized			500,000,000
Common stock par value (in Dollars per share) \| $ / shares			$ 0.0001
Founder [Member] \| Class B Ordinary Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, issued												54,042,638
Founder [Member] \| Class A Ordinary Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, issued												600,000
IPO [Member]
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, issued		200,000,000
Share capital (in Dollars) \| $		$ 70,000
IPO [Member] \| ADS [Member]
Ordinary Shares and Treasury Stock [Line Items]
Number of issued per unit							1
Share allotted and issued							3,250,000
Net proceeds (in Dollars) \| $							$ 37,172
IPO [Member] \| Class B Ordinary Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Ordinary shares, issued		70,000,000
IPO [Member] \| Class A Ordinary Shares [Member]
Ordinary Shares and Treasury Stock [Line Items]
Common stock par value (in Dollars per share) \| $ / shares							$ 0.0001
Exercised shares							3,835,647
Underwriters [Member] \| ADS [Member]
Ordinary Shares and Treasury Stock [Line Items]
Exercised shares	127,396
Net proceeds for exercised (in Dollars) \| $	$ 1,457

Accounts Receivable, Net (Tables)

12 Months Ended

Jun. 30, 2024

Accounts Receivable, Net [Abstract]

Schedule of Accounts Receivable , Net

The accounts receivable, net, as of June 30, 2023 and 2024, consists of the following:

	As of June 30,
	2023			2024
	RMB			RMB

Enterprise services		12,219			16,661
Others		91			112
Less: allowance for credit losses		(59	)		(97	)
Accounts receivable, net		12,251			16,676

Schedule of Allowance for Credit Losses

The movements in the allowance for credit losses are as follows:

	For the years ended June 30,
	2023			2024
	RMB			RMB

Balance at beginning of the year		(13	)		(59	)
(Additions)/Reversals		(46	)		(38	)
Write-offs		-			-
Balance at end of the year		(59	)		(97	)

(Loss)/Income Per Share (Tables)

12 Months Ended

Jun. 30, 2024

(Loss)/Income Per Share [Abstract]

Schedule of Basic Loss Per Share and Diluted Loss Per Share

Basic net (loss)/income per share and diluted net (loss)/income per share were calculated in accordance with ASC 260 Earnings per share for the years ended June 30, 2022, 2023 and 2024 as below:

	For the years ended June 30,
	2022			2023			2024
	RMB			RMB			RMB

Numerator:
Net (loss)/income		(233,426	)		(108,652	)		385,527
Net income attributable to noncontrolling interests		-			115			-
Net (loss)/Income attributable to QuantaSing Group Limited		(233,426	)		(108,537	)		385,527
Allocation of accretion of Predecessors’ preferred shares (i)		(22,655	)		-			-
Accretion of the Company’s preferred shares subsequent to the Reorganization completion date		(2,987	)		(22,379	)		-
Net (loss)/income attributable to ordinary shareholders of QuantaSing Group Limited		(259,068	)		(130,916	)		385,527
Denominator:
Weighted average number of ordinary shares outstanding (ii)
— basic		49,270,950			103,948,398			164,998,649
— diluted		49,270,950			103,948,398			170,045,651
Net (loss)/income per share
— basic		(5.26	)		(1.26	)		2.34
— diluted		(5.26	)		(1.26	)		2.27

(i)

The accretion of Predecessors’ preferred shares to redemption value attributable to the Listing Businesses was RMB22,655, nil and nil for the years ended June 30, 2022, 2023 and 2024 respectively.

(ii)

Basic and diluted net (loss)/income per share are computed using the weighted average number of ordinary shares outstanding during the period, including 2,276,065, 3,318,369 and 3,092,516 vested options with nominal exercise price for the years ended June 30, 2022, 2023 and 2024.

Accounts Receivable, Net

12 Months Ended

Jun. 30, 2024

Accounts Receivable, Net [Abstract]

Accounts receivable, net

Accounts receivable, net

The accounts receivable, net, as of June 30, 2023 and 2024, consists of the following:

	As of June 30,
	2023			2024
	RMB			RMB

Enterprise services		12,219			16,661
Others		91			112
Less: allowance for credit losses		(59	)		(97	)
Accounts receivable, net		12,251			16,676

Accounts receivable, net are mainly amounts due from insurance intermediaries and securities brokerage firms, and are non-interest bearing and generally on terms between 30 days to 90 days.

The movements in the allowance for credit losses are as follows:

	For the years ended June 30,
	2023			2024
	RMB			RMB

Balance at beginning of the year		(13	)		(59	)
(Additions)/Reversals		(46	)		(38	)
Write-offs		-			-
Balance at end of the year		(59	)		(97	)

Others, Net (Details) - Schedule of Others, Net - CNY (¥) ¥ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Others, Net [Abstract]
Government grants	¥ 3,506	¥ 415	¥ 69
Fair value changes of short-term investments	18,452	9,235	4,894
Others	7,007	11,663	14,950
Total	¥ 28,965	¥ 21,313	¥ 19,913

Preferred Shares (Details)	12 Months Ended
Preferred Shares (Details)	Jun. 30, 2024
Preferred Shares (Details) [Line Items]
Deemed preferred share issue price, percentage	100.00%
Voting power outstanding	50.00%
Series E Preferred Stock [Member]
Preferred Shares (Details) [Line Items]
Deemed preferred share issue price, percentage	125.00%

Taxation (Details) - Schedule of Operating Tax Losses Carried Forward ¥ in Thousands	Jun. 30, 2024 CNY (¥)
Schedule of Operating Tax Losses Carried Forward [Line Items]
Loss expiring for the year ended	¥ 174,332
Loss expiring for the year ended December 31, 2024 [Member]
Schedule of Operating Tax Losses Carried Forward [Line Items]
Loss expiring for the year ended
Loss expiring for the year ended December 31, 2025 [Member]
Schedule of Operating Tax Losses Carried Forward [Line Items]
Loss expiring for the year ended
Loss expiring for the year ended December 31, 2026 [Member]
Schedule of Operating Tax Losses Carried Forward [Line Items]
Loss expiring for the year ended	29,900
Loss expiring for the year ended December 31, 2027 [Member]
Schedule of Operating Tax Losses Carried Forward [Line Items]
Loss expiring for the year ended	56,782
Loss expiring for the year ended December 31, 2028 [Member]
Schedule of Operating Tax Losses Carried Forward [Line Items]
Loss expiring for the year ended	81,800
Loss expiring for the year ended December 31, 2029 [Member]
Schedule of Operating Tax Losses Carried Forward [Line Items]
Loss expiring for the year ended
Loss expiring for the year ended December 31, 2030 [Member]
Schedule of Operating Tax Losses Carried Forward [Line Items]
Loss expiring for the year ended
Loss expiring for the year ended December 31, 2031 [Member]
Schedule of Operating Tax Losses Carried Forward [Line Items]
Loss expiring for the year ended
Loss expiring for the year ended December 31, 2032 [Member]
Schedule of Operating Tax Losses Carried Forward [Line Items]
Loss expiring for the year ended
Loss expiring for the year ended December 31, 2033 and thereafter [Member]
Schedule of Operating Tax Losses Carried Forward [Line Items]
Loss expiring for the year ended	¥ 5,850

Share Based Compensation Expenses (Details) - Schedule of Summary of Activities of Share Options - Share options [Member] ¥ in Thousands					12 Months Ended
	Jun. 30, 2023 CNY (¥) shares	Jun. 30, 2022 CNY (¥) shares	Jun. 30, 2021 CNY (¥) shares	Jun. 30, 2021 $ / shares	Jun. 30, 2024 CNY (¥) shares	Jun. 30, 2024 CNY (¥) $ / shares shares	Jun. 30, 2023 CNY (¥) shares	Jun. 30, 2023 CNY (¥) $ / shares shares	Jun. 30, 2022 CNY (¥) shares	Jun. 30, 2022 CNY (¥) $ / shares shares	Jun. 30, 2024 $ / shares	Jun. 30, 2023 $ / shares	Jun. 30, 2022 $ / shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options Outstanding , Granted \| shares					4,217,652		3,375,000		2,958,000
Weighted Average Exercise Price, Granted \| $ / shares						$ 0.4066		$ 0.127		$ 0.8
Options Outstanding , Exercised \| shares					(1,852,806)
Weighted Average Exercise Price , Exercised \| $ / shares						0.2261
Options Outstanding , Forfeited \| shares					(2,807,954)		(860,061)		(1,566,500)
Weighted Average Exercise Price ,Forfeited \| $ / shares						0.2507		0.5991		0.5841
Options Outstanding, Expired \| shares					(120,003)
Weighted Average Exercise Price, Expired \| $ / shares						0.7162
Options Outstanding ,Outstanding ending balance \| shares	18,225,251	15,710,312	14,318,812		17,662,140		18,225,251		15,710,312
Weighted Average Exercise Price ,Outstanding ending balance \| $ / shares				$ 0.3229		$ 0.2176		$ 0.1831		$ 0.3861
Weighted Average Remaining Contractual Life (In years) , Outstanding ending balance	9 years 3 days	7 years 10 months 24 days	8 years 8 months 12 days		8 years 4 months 13 days		9 years 3 days		7 years 10 months 24 days
Aggregate Intrinsic Value , Outstanding ending balance \| ¥	¥ 346,378	¥ 346,142	¥ 254,748		¥ 44,127		¥ 346,378		¥ 346,142
Options Outstanding ,Options vested and exercisable ending balance \| shares	10,478,605	7,478,922			11,871,925	11,871,925	10,478,605	10,478,605	7,478,922	7,478,922
Weighted Average Exercise Price ,Options vested and exercisable ending balance \| $ / shares											$ 0.1573	$ 0.1484	$ 0.2041
Weighted Average Remaining Contractual Life (In years) , Options vested and exercisable ending balance					8 years 3 days		8 years 11 months 1 day		7 years 2 months 23 days
Aggregate Intrinsic Value , Options vested and exercisable ending balance \| ¥	¥ 201,781	¥ 173,915			¥ 34,836	$ 34,836	¥ 201,781	$ 201,781	¥ 173,915	$ 173,915

Consolidated Statements of Changes in Invested Deficit / Shareholders’ (Deficit)/Equity ¥ in Thousands, $ in Thousands	ordinary shares Class A CNY (¥) shares	ordinary shares Class B CNY (¥) shares	Treasury stock Amount CNY (¥) shares	Additional paid-in capital CNY (¥) shares	Accumulated other comprehensive income/ (loss) CNY (¥) shares	Accumulated deficit CNY (¥) shares	Parent Company’s investment deficit CNY (¥) shares	Non- controlling interests CNY (¥) shares	Class A shares	Class B shares	CNY (¥) shares	USD ($) shares
Balance at Jun. 30, 2021							¥ (279,506)				¥ (279,506)
Balance (in Shares) at Jun. 30, 2021 \| shares
Issuance of the Company’s shares upon the completion of the reorganization		¥ 32				(660,099)	(1,106)				(661,173)
Issuance of the Company’s shares upon the completion of the reorganization (in Shares) \| shares	600,000	54,042,638
Share-based compensation				¥ 72,921			¥ 218,508				¥ 291,429
Parent Company’s contribution (in Shares) \| shares							94,978				94,978	94,978
Dividend to Parent Company upon disposal of a subsidiary to shareholders							¥ (500)				¥ (500)
Re-designation of Class B ordinary shares to Class A ordinary shares of the Company	¥ 3	¥ (3)
Re-designation of Class B ordinary shares to Class A ordinary shares of the Company (in Shares) \| shares	4,183,589	(4,183,589)
Accretion of the Company’s preferred shares				(2,987)							(2,987)
Net Income (loss)						(201,052)	(32,374)				(233,426)
Currency translation differences					1,839						1,839
Share-based awards to employees of related parties				10,365							10,365
Deemed dividends to Parent Company in connection with the share-based awards to employees of related parties				(10,365)							(10,365)
Balance at Jun. 30, 2022	¥ 3	¥ 29		69,934	1,839	(861,151)					(789,346)
Balance (in Shares) at Jun. 30, 2022 \| shares	4,783,589	49,859,049
Issuance of ordinary shares upon Initial Public Offering (“IPO”)	¥ 7			235,455							235,462
Issuance of ordinary shares upon Initial Public Offering (“IPO”) (in Shares) \| shares	9,750,000
Issuance of ordinary shares upon exercise of underwriters’ over-allotment option				9,984							9,984
Issuance of ordinary shares upon exercise of underwriters’ over-allotment option (in Shares) \| shares	382,188
Automatic conversion of preferred shares into ordinary shares upon IPO	¥ 68			686,471							686,539
Automatic conversion of preferred shares into ordinary shares upon IPO (in Shares) \| shares	100,843,631
Vesting of restricted shares		¥ 5		(5)
Share-based compensation				191,632							191,632
Accretion of the Company’s preferred shares				(22,379)							(22,379)
Capital contribution from non-controlling interests								2,250			2,250
Net Income (loss)						(108,537)		(115)			(108,652)
Currency translation differences					20,343						20,343
Deemed dividends to Parent Company in connection with the share-based awards to employees of related parties \| $
Balance at Jun. 30, 2023	¥ 78	¥ 34		1,171,092	22,182	(969,688)		2,135			225,833
Balance (in Shares) at Jun. 30, 2023 \| shares	115,759,408	49,859,049							115,759,408	49,859,049
Issuance of ordinary shares for share incentive plan	¥ 3		¥ (3)
Issuance of ordinary shares for share incentive plan (in Shares) \| shares	3,835,647		(3,835,647)
Cancellation of ordinary shares
Cancellation of ordinary shares (in Shares) \| shares	(9)
Repurchase of American depositary shares (“ADSs”)			¥ (118,498)								¥ (118,498)
Repurchase of American depositary shares (“ADSs”) (in Shares) \| shares			(13,836,078)						13,836,078		4,681,353	4,681,353
Exercise of share options			¥ 9,244	(6,260)							¥ 2,984
Exercise of share options (in Shares) \| shares			1,852,806
Share-based compensation				27,757							27,757
Disposal of non-controlling interests				(115)				(2,135)			(2,250)
Net Income (loss)						385,527					385,527	$ 53,050
Currency translation differences					(4,869)						(4,869)	(670)
Deemed dividends to Parent Company in connection with the share-based awards to employees of related parties \| $
Balance at Jun. 30, 2024	¥ 81	¥ 34	¥ (109,257)	¥ 1,192,474	¥ 17,313	¥ (584,161)					¥ 516,484	$ 71,071
Balance (in Shares) at Jun. 30, 2024 \| shares	119,595,046	49,859,049	(15,818,919)						103,776,127	49,859,049

Property and equipment, net (Details) - Schedule of Property and Equipment, Net ¥ in Thousands, $ in Thousands	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)
Schedule of Property and Equipment, Net [Line Items]
Property and equipment,gross	¥ 15,354		¥ 11,774
Less: Accumulated depreciation	(8,785)		(4,365)
Property and equipment, net	6,569	$ 904	7,409
Leasehold improvement [Member]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment,gross	8,032		5,423
Computer and electronic equipment [Member]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment,gross	7,234		6,351
Furniture and mechanical equipment [Membe]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment,gross	¥ 88

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2024

Summary of Significant Accounting Policies [Abstract]

Schedule of Property and Equipment, Net Estimated Useful Lives

The estimated useful lives of these assets are generally as follows:

Category		Estimated useful life

Leasehold improvement		Shorter of the lease term or estimated economic life
Computer and electronic equipment		3 years
Furniture and mechanical equipment		5 years

Schedule of Intangible Assets Estimated Useful Lives

Amortization of finite-lived intangible assets is computed using the straight-line method over the estimated useful lives, which is as follows:

Category		Estimated useful life

Insurance brokerage license		52 months
Software		1 year to 2 years
Brand name		5 years

Schedule of Group’s Revenues Disaggregated by Business Line

The following table sets forth a breakdown of the Group’s revenues disaggregated by business line:

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

Online learning services
- Financial literacy courses		2,300,434		1,874,627		1,307,365
- Skills upgrading courses		158,295		721,252		1,661,791
- Recreation and leisure courses		35,601		138,998		395,118
Subtotal		2,494,330		2,734,877		3,364,274
Enterprise services		185,511		340,934		247,732
Consumer business		-		4,816		173,961
Others		188,133		754		9,364
Total revenues		2,867,974		3,081,381		3,795,331

(Loss)/Income Per Share

12 Months Ended

Jun. 30, 2024

(Loss)/Income Per Share [Abstract]

(Loss)/Income per share

18.

(Loss)/Income per share

Basic net (loss)/income per share is the amount of net loss available to each share of ordinary shares outstanding during the reporting period. Diluted net loss per share is the amount of net loss available to each share of ordinary shares outstanding during the reporting period adjusted to include the effect of potentially dilutive ordinary equivalent shares.

On May 31, 2022, the Company completed the Reorganization and issued 54,642,638 ordinary shares, of which 47,812,308 ordinary shares were outstanding, and issued 100,843,631 preferred shares which had the same number and terms of preferred shares originally issued by EW immediately before the Reorganization completion (See Note 16 and 17).

In computing the basic and diluted net (loss)/income per share for the periods presented, the effect of the Reorganization was accounted for in a manner similar to a stock split or stock dividend which was accounted for in accordance with ASC 260. Thus, the number of the ordinary shares and preferred shares newly issued by the Company was retrospectively included since the beginning of the earliest period presented or the original issuance date of Predecessors, whichever is later, in calculating the net (loss)/income per ordinary share.

Basic net (loss)/income per share and diluted net (loss)/income per share were calculated in accordance with ASC 260 Earnings per share for the years ended June 30, 2022, 2023 and 2024 as below:

	For the years ended June 30,
	2022			2023			2024
	RMB			RMB			RMB

Numerator:
Net (loss)/income		(233,426	)		(108,652	)		385,527
Net income attributable to noncontrolling interests		-			115			-
Net (loss)/Income attributable to QuantaSing Group Limited		(233,426	)		(108,537	)		385,527
Allocation of accretion of Predecessors’ preferred shares (i)		(22,655	)		-			-
Accretion of the Company’s preferred shares subsequent to the Reorganization completion date		(2,987	)		(22,379	)		-
Net (loss)/income attributable to ordinary shareholders of QuantaSing Group Limited		(259,068	)		(130,916	)		385,527
Denominator:
Weighted average number of ordinary shares outstanding (ii)
— basic		49,270,950			103,948,398			164,998,649
— diluted		49,270,950			103,948,398			170,045,651
Net (loss)/income per share
— basic		(5.26	)		(1.26	)		2.34
— diluted		(5.26	)		(1.26	)		2.27

For the purpose of calculating net (loss)/income per share for the periods before the Step 2 Reorganization, accretion and the deemed dividend incurred by the preferred shares issued by WN and EW (the “Predecessors’ preferred shares”) were allocated to the Listing Businesses based on the relative fair value of the Listing Businesses and the Predecessors group.

(i)

The accretion of Predecessors’ preferred shares to redemption value attributable to the Listing Businesses was RMB22,655, nil and nil for the years ended June 30, 2022, 2023 and 2024 respectively.

(ii)

For the years ended June 30, 2022 and 2023, the Company had potential ordinary shares, including preferred shares, share options and restricted shares. On a weighted average basis, 100,843,631, and 58,295,907 preferred shares, 13,021,497 and 14,040,780 share options, and 7,647,753 and 814,341 restricted shares were excluded from the computation of diluted net (loss)/income per ordinary share because including them would have had an anti-dilutive effect for the years ended June 30, 2022 and 2023, respectively.

Others, Net

12 Months Ended

Jun. 30, 2024

Others, Net [Abstract]

Others, net

14.

Others, net

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

Government grants		69		415		3,506
Fair value changes of short-term investments		4,894		9,235		18,452
Others		14,950		11,663		7,007
Total		19,913		21,313		28,965

Business Combination (Details) - Kelly’s Education Limited [Member]	Sep. 30, 2023 CNY (¥)	Sep. 30, 2023 HKD ($)
Business Combination [Line Items]
Equity interest	100.00%	100.00%
Purchase price	¥ 1,842	$ 2,000

Short-Term Investments

12 Months Ended

Jun. 30, 2024

Short-Term Investments [Abstract]

Short-term investments

11.

Short-term investments

The following table presents the fair value hierarchy for the Group’s short-term investments that are measured and recorded at fair value on a recurring basis as of June 30, 2023 and 2024:

June 30, 2023	Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Balance at Fair Value
	RMB		RMB		RMB		RMB

Assets
Wealth management products⁽ⁱ⁾		-		50,213		-		50,213
Investment in private fund⁽ⁱⁱ⁾		-		-		58,223		58,223
Investment in structured notes⁽ⁱⁱⁱ⁾		-		57,867		-		57,867
Total		-		108,080		58,223		166,303

June 30, 2024	Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Balance at Fair Value
	RMB		RMB		RMB		RMB

Assets
Wealth management products⁽ⁱ⁾		-		246,195		-		246,195
Total		-		246,195		-		246,195

(i)

The Group’s short-term investments in wealth management products were issued by financial institutions in the PRC and Hong Kong with variable returns indexed to the performance of underlying assets. The wealth management products invested by the Group can be redeemed at any time after the respective lock-up period. To estimate the fair value of wealth management products, the Group uses the quoted net asset values published by the financial institutions or by discounting the future cash flows at the expected yield rate with reference to the expected benchmark yield rates published by the financial institutions. As there are no quoted prices in active markets for the investments. The Company classifies the valuation techniques that use these inputs as Level 2 of fair value measurement.

(ii)

The Group’s investment in private fund was issued by a private fund with variable returns indexed to the performance of underlying assets. The investment can be redeemed at any time after the specified lock-up period. Fair value is estimated according to the net asset value provided by the private fund based on the expected cash flows using the unobservable expected return. The Company classifies the valuation techniques that use these inputs as Level 3 of fair value measurement. All of the remaining balance of the investment in private fund was redeemed in July 2023.

(iii)

The Group’s investment in structured notes was issued by an asset management company with variable returns indexed to the performance of specified underlying assets. The structured notes are with original maturity of one year subsequent to the issue date, i.e. June 29, 2023, early redemption is allowed on any business day subsequent to the issue date and redemption amount shall be determined based on the price of the underlying fund. Fair value is estimated according to the structured note valuation provided by the asset management company. As of June 30, 2023, the fair value of structured note was based on quoted prices for similar items in active markets including the observable quoted price of the underlying fund. The Group classifies the valuation techniques that use these inputs as Level 2 of fair value measurement as of June 30, 2023. During the year ended June 30, 2024, this investment was transferred from Level 2 to Level 3 due to change in the underlying assets, and the Group uses the net asset value provided by the asset management company based on the expected cash flows using the unobservable expected return to estimate the fair value. The Group classifies the valuation techniques that use these inputs as Level 3 of fair value measurement. The structured notes matured on June 28, 2024, and the redemption amount of RMB58,213 was reclassified as receivable from the issuer as of June 30, 2024, and was collected by the Group in early July 2024.

The following table summarizes the activities related to fair value of the investments classified as a Level 3 measurement:

	For the years ended June 30,
	2023			2024
	RMB			RMB

Fair value of Level 3 investments at beginning of the year		-			58,223
Investment made		87,885			-
Transfer from Level 2 investments		-			57,867
Redemption		(36,028	)		(116,270	)
Gain/(loss)		401			1,274
Exchange adjustment		5,965			(1,094	)
Fair value of Level 3 investments at end of the year		58,223			-

For the years ended June 30, 2022, 2023 and 2024, the Company recorded gains or losses resulting from changes in the fair values of short-term investments in the line item “others, net” in the consolidated statements of operations and comprehensive (loss)/income. As of June 30, 2023 and 2024, none of these short-term investments were frozen, guaranteed or subject to other restrictions.

Business Combination

12 Months Ended

Jun. 30, 2024

Business Combination [Abstract]

Business combination

Business combination

Business combinations during the year ended June 30, 2024:

In September 2023, the Group acquired 100% equity interests of Kelly’s Education Limited, an online language education platform headquartered in Hong Kong. The total purchase price was RMB1,842 (HKD2,000), which was paid by the Group on September 28, 2023 (the acquisition date).

The result of operations for the acquired entity has been included in the Group’s consolidated financial statements from its acquisition date. The acquisition was recorded using the acquisition method of accounting. Accordingly, the acquired assets and liabilities were recorded at their fair value on the date of acquisition. The purchase price was allocated on the date of acquisition as follows:

	RMB

Cash and cash equivalents		3,515
Other current assets		604
Property and equipment, net		279
Intangible assets		3,120
Operating lease right-of-use assets		166
Goodwill		7,389
Operating lease liabilities, current portion		(149	)
Other current liabilities		(13,082	)
Total purchase consideration		1,842

Results of operations attributable to the acquisition of Kelly’s Education Limited and pro forma results of operations for the acquisition of Kelly’s Education Limited have not been presented because they are not material to the consolidated statements of operations and comprehensive (loss)/income for the year ended June 30, 2024.

Short-Term Investments (Details) - Schedule of the Fair Value Hierarchy for the Group’s Assets and Liabilities - Recurring [Member] - CNY (¥)
¥ in Thousands

Jun. 30, 2024

Jun. 30, 2023

Assets

Short-term investments

¥ 246,195

¥ 166,303

Quoted Prices in Active Market for Identical Assets (Level 1) [Member]

Assets

Short-term investments

Significant Other Observable Inputs (Level 2) [Member]

Assets

Short-term investments

246,195

108,080

Significant Other Unobservable Inputs (Level 3) [Member]

Assets

Short-term investments

58,223

Wealth management products [Member]

Assets

Short-term investments

^[1]

246,195

50,213

Wealth management products [Member] | Quoted Prices in Active Market for Identical Assets (Level 1) [Member]

Assets

Short-term investments

^[1]

Wealth management products [Member] | Significant Other Observable Inputs (Level 2) [Member]

Assets

Short-term investments

^[1]

246,195

50,213

Wealth management products [Member] | Significant Other Unobservable Inputs (Level 3) [Member]

Assets

Short-term investments

^[1]

Investment in private fund [Member]

Assets

Short-term investments

^[2]

58,223

Investment in private fund [Member] | Quoted Prices in Active Market for Identical Assets (Level 1) [Member]

Assets

Short-term investments

^[2]

Investment in private fund [Member] | Significant Other Observable Inputs (Level 2) [Member]

Assets

Short-term investments

^[2]

Investment in private fund [Member] | Significant Other Unobservable Inputs (Level 3) [Member]

Assets

Short-term investments

^[2]

58,223

Investment in structured notes [Member]

Assets

Short-term investments

^[3]

57,867

Investment in structured notes [Member] | Quoted Prices in Active Market for Identical Assets (Level 1) [Member]

Assets

Short-term investments

^[3]

Investment in structured notes [Member] | Significant Other Observable Inputs (Level 2) [Member]

Assets

Short-term investments

^[3]

57,867

Investment in structured notes [Member] | Significant Other Unobservable Inputs (Level 3) [Member]

Assets

Short-term investments

^[3]

[1]	The Group’s short-term investments in wealth management products were issued by financial institutions in the PRC and Hong Kong with variable returns indexed to the performance of underlying assets. The wealth management products invested by the Group can be redeemed at any time after the respective lock-up period. To estimate the fair value of wealth management products, the Group uses the quoted net asset values published by the financial institutions or by discounting the future cash flows at the expected yield rate with reference to the expected benchmark yield rates published by the financial institutions. As there are no quoted prices in active markets for the investments. The Company classifies the valuation techniques that use these inputs as Level 2 of fair value measurement.
[2]	The Group’s investment in private fund was issued by a private fund with variable returns indexed to the performance of underlying assets. The investment can be redeemed at any time after the specified lock-up period. Fair value is estimated according to the net asset value provided by the private fund based on the expected cash flows using the unobservable expected return. The Company classifies the valuation techniques that use these inputs as Level 3 of fair value measurement. All of the remaining balance of the investment in private fund was redeemed in July 2023.
[3]	The Group’s investment in structured notes was issued by an asset management company with variable returns indexed to the performance of specified underlying assets. The structured notes are with original maturity of one year subsequent to the issue date, i.e. June 29, 2023, early redemption is allowed on any business day subsequent to the issue date and redemption amount shall be determined based on the price of the underlying fund. Fair value is estimated according to the structured note valuation provided by the asset management company. As of June 30, 2023, the fair value of structured note was based on quoted prices for similar items in active markets including the observable quoted price of the underlying fund. The Group classifies the valuation techniques that use these inputs as Level 2 of fair value measurement as of June 30, 2023. During the year ended June 30, 2024, this investment was transferred from Level 2 to Level 3 due to change in the underlying assets, and the Group uses the net asset value provided by the asset management company based on the expected cash flows using the unobservable expected return to estimate the fair value. The Group classifies the valuation techniques that use these inputs as Level 3 of fair value measurement. The structured notes matured on June 28, 2024, and the redemption amount of RMB58,213 was reclassified as receivable from the issuer as of June 30, 2024, and was collected by the Group in early July 2024.

Taxation (Details) - Schedule of the Statutory EIT Rate and the Effective Tax Rates	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Schedule of the Statutory EIT Rate and the Effective Tax Rates [Abstract]
Statutory income tax rate in PRC	25.00%	25.00%	25.00%
Effect of income tax exemptions and preferential tax rates	(8.30%)	11.80%
Effect of income tax rate difference in other jurisdictions	1.90%
Effect of PRC withholding tax	1.00%
Permanent differences	(3.00%)	(35.50%)	(24.60%)
Changes in valuation allowance	(9.10%)	(26.20%)	(8.80%)
Effective tax rate	7.50%	(24.90%)	(8.40%)

Related Party Transactions

12 Months Ended

Jun. 30, 2024

Related party transactions

19.

Related party transactions

The Group’s consolidated financial statements include costs and expenses allocated from the Predecessors for periods prior to the Reorganization, amounted to RMB6110,640, nil and nil for the years ended June 30, 2022, 2023 and 2024 respectively. In addition, the Predecessors provided cash funding support to the Group to satisfy the Listing Businesses’ working capital requirements. See Note 1(b) for more detailed information.

The Group has historically relied on the Predecessors for certain of the Group’s funding.

The table below sets forth the major related parties and their relationships with the Group as of June 30, 2023 and June 30, 2024:

Name of related parties		Relationship with the Group

Mr. Peng Li		The Founder and controlling shareholder of the Company (i)
Beijing Baichuan Insurance Brokerage Co., Ltd.		Entity controlled by the same shareholders with the Company and significantly influenced by the Founder
Beijing Shanronghaina Network Technology Co., Ltd.		Entity controlled by the same shareholders with the Company and significantly influenced by the Founder
Beijing Baichuanxianghai Technology Co., Ltd		Entity controlled by the same shareholders with the Company and significantly influenced by the Founder

(i)	Upon the IPO, the Founder became controlling shareholder of the Company through his majority voting right.

(a)

The related party transactions entered into during the years ended June 30, 2022, 2023 and 2024 were as follows:

	For the years ended June 30,
Transactions	2022			2023			2024
	RMB			RMB			RMB

(i) Transactions recorded in revenue ⁽¹⁾		44,710			147,921			34,107

(ii) Other transactions
—Repayment of borrowings from related parties		(146,182	)		-			-
—Borrowings from related parties		122,833			-			-
—Lending to related parties		(129,427	)		(2,243	)		-
—Repayment of lending to related parties		109,389			24,629			-
—Disposal of subsidiaries to related parties ⁽²⁾		20,000			2,000			-

(b)

The outstanding balance due from/to related parties as of June 30, 2023 and 2024 were as follows:

	As of June 30,
	2023		2024
	RMB		RMB

Due from related parties		29,116		4,488
Due from Beijing Baichuan Insurance Brokerage Co., Ltd. ⁽¹⁾		29,116		4,488

Note:

(1)	Beijing Feierlai has been providing marketing services to Beijing Baichuan Insurance Brokerage Co., Ltd. by referring learners to purchase insurance policies and earned commissions for the service, which was recorded as revenues from related parties subsequent to the disposal of Baichuan (Note 20).

(2)	The Group disposed of ChangYou Star to Beijing Shanronghaina Network Technology Co., Ltd. at a consideration of RMB22,000 (Note 20), of which RMB20,000 and RMB2,000 was received during the year ended June 30, 2022 and 2023, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Disposal of Baichuan

12 Months Ended

Jun. 30, 2024

Disposal of Baichuan [Abstract]

Disposal of Baichuan

20.

Disposal of Baichuan

On March 1, 2022, 100% equity of ChangYou Star was disposed of to Beijing Shanronghaina Network Technology Co., Ltd., an entity controlled by the same group of shareholders with the Company with the same shareholder ownership percentages for a consideration of RMB50,000, of which RMB28,000 was waived upon the Step 2 Reorganization. The transaction is a transfer among entities that have a high degree of common ownership and determined to lack economic substance and is accounted for in a manner similar to a disposal under common control pursuant to ASC 360-10. Any difference between the proceeds received by the transferring entity and the book value of the disposal Group (after impairment included in earnings, if any) was recognized as a capital transaction and no gain or loss was recorded. As such, RMB500 was recognized as a dividend to the shareholders, which represents the difference between the proceeds of RMB22,000 and the disposal Group’s net carrying value. The Management does not consider the disposal is a strategic shift with major effect and determined that discontinued operations reporting is not applicable.

Restricted Net Assets and Parent Company Only Condensed Financial Information (Details) ¥ in Thousands	Jun. 30, 2024 CNY (¥)
Restricted Net Assets and Parent Company Only Condensed Financial Information [Abstract]
Annual appropriations rate	10.00%
Restricted portion	¥ 109,419

Summary of Significant Accounting Policies (Details) - Schedule of Property and Equipment, Net Estimated Useful Lives	12 Months Ended
	Jun. 30, 2024
Leasehold Improvement [Member]
Property, Plant and Equipment [Line Items]
Leasehold improvement	Shorter of the lease term or estimated economic life
Computer and Electronic Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Furniture and Mechanical Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years

(Loss)/Income Per Share (Details) - Schedule of Basic Loss Per Share and Diluted Loss Per Share
¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands

12 Months Ended

Jun. 30, 2024

CNY (¥)

¥ / shares

Jun. 30, 2024

USD ($)

$ / shares

Jun. 30, 2023

CNY (¥)

¥ / shares

Jun. 30, 2022

CNY (¥)

¥ / shares

Numerator:

Net (loss)/income

¥ 385,527

$ 53,050

¥ (108,652)

¥ (233,426)

Net income attributable to noncontrolling interests

115

Net (loss)/income attributable to QuantaSing Group Limited

385,527

53,050

(108,537)

(233,426)

Allocation of accretion of Predecessors’ preferred shares

^[1]

(22,655)

^[1]

Accretion of the Company’s preferred shares subsequent to the Reorganization completion date

(22,379)

(2,987)

Net (loss)/income attributable to ordinary shareholders of QuantaSing Group Limited

¥ 385,527

$ 53,050

¥ (130,916)

¥ (259,068)

Denominator:

— basic (in Shares)

^[2]

164,998,649

103,948,398

49,270,950

— diluted (in Shares)

^[2]

170,045,651

103,948,398

49,270,950

Net (loss)/income per share

— basic (in Yuan Renminbi per share) | (per share)

¥ 2.34

^[2]

$ 0.32

¥ (1.26)

^[2]

¥ (5.26)

^[2]

— diluted (in Yuan Renminbi per share) | (per share)

¥ 2.27

^[2]

$ 0.31

¥ (1.26)

^[2]

¥ (5.26)

^[2]

[1]	The accretion of Predecessors’ preferred shares to redemption value attributable to the Listing Businesses was RMB22,655, nil and nil for the years ended June 30, 2022, 2023 and 2024 respectively.
[2]	Basic and diluted net (loss)/income per share are computed using the weighted average number of ordinary shares outstanding during the period, including 2,276,065, 3,318,369 and 3,092,516 vested options with nominal exercise price for the years ended June 30, 2022, 2023 and 2024.

Consolidated Balance Sheets (Parentheticals) ¥ in Thousands	Jun. 30, 2024 CNY (¥) shares	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 CNY (¥) shares
Accounts payables (including amounts of the consolidated VIEs without recourse to the primary beneficiary)	¥ 61,888		¥ 62,094
Accrued expenses and other current liabilities (including amounts of the consolidated VIEs without recourse to the primary beneficiary)	151,918		124,532
Income tax payable (including amounts of the consolidated VIEs without recourse to the primary beneficiary)	9,642		8,794
Contract liabilities, current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary)	380,548		517,213
Advance from customers (including amounts of the consolidated VIEs without recourse to the primary beneficiary)	159,806		144,397
Operating lease liabilities, current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary)	23,782		21,425
Contract liabilities, non-current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary)	11,365		7
Operating lease liabilities, non-current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary)	6,317		23,786
Deferred tax liabilities (including amounts of the consolidated VIEs without recourse to the primary beneficiary)
Class A Ordinary Shares
Ordinary shares, par value (in Dollars per share) \| $ / shares		$ 0.0001
Ordinary shares, shares authorized (in Shares) \| shares	430,000,000	430,000,000	430,000,000
Ordinary shares, shares issued (in Shares) \| shares	119,595,046	119,595,046	115,759,408
Ordinary shares, shares outstanding (in Shares) \| shares	103,776,127	103,776,127	115,759,408
Class B Ordinary Shares
Ordinary shares, par value (in Dollars per share) \| $ / shares		$ 0.0001
Ordinary shares, shares authorized (in Shares) \| shares	70,000,000	70,000,000	70,000,000
Ordinary shares, shares issued (in Shares) \| shares	49,859,049	49,859,049	49,859,049
Ordinary shares, shares outstanding (in Shares) \| shares	49,859,049	49,859,049	49,859,049

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Jun. 30, 2024

Accrued Expenses and Other Current Liabilities [Abstract]

Schedule of Outstanding Accrued Expenses and Other Current Liabilities

The following table summarized the Group’s outstanding accrued expenses and other current liabilities as of June 30, 2023 and 2024, respectively:

	As of June 30,
	2023		2024
	RMB		RMB

Accrued employee payroll and welfare benefits		128,097		75,686
Other accrued expense		23,501		72,846
Other tax payable		18,640		21,201
Refund liability⁽ⁱ⁾		513		19,282
Others		409		1,493
Total accrued expenses and other current liabilities		171,160		190,508

(i)

Refund liability represents the estimated amounts of consideration collected by the Group which it expects to refund to its customers according to refund policy as described in Note 2(v).

Share Based Compensation Expenses (Tables)

12 Months Ended

Jun. 30, 2024

Share Based Compensation Expenses [Abstract]

Schedule of Share Based Compensation Expenses

For the years ended June 30, 2022, 2023 and 2024, total share-based compensation expenses that pushed down to the Company from the Predecessors, were RMB100,988, nil and nil, respectively.

	For the years ended June 30,
	2022		2023		2024
	RMB		RMB		RMB

(a) Share options issued by Predecessors to employees		100,629		-		-
(b) Share options issued by Company to employees		190,370		191,583		27,757
(c) Restriction of ordinary shares held by the Founder		430		49		-
Total		291,429		191,632		27,757

Schedule of Summary of Activities of Share Options

A summary of activities of share options of the Company for the years ended June 30, 2022, 2023 and 2024 is presented below:

	Options Outstanding			Weighted Average Exercise Price (US$)		Weighted Average Remaining Contractual Life (In years)		Aggregate Intrinsic Value (RMB)

Outstanding as of July 1, 2021		14,318,812			0.3229		8.70		254,748
Granted		2,958,000			0.8000
Forfeited		(1,566,500	)		0.5841
Outstanding as of June 30, 2022		15,710,312			0.3861		7.90		346,142
Options vested and exercisable as of June 30, 2022		7,478,922			0.2041		7.23		173,915

Outstanding as of July 1, 2022		15,710,312			0.3861		7.9		346,142
Granted		3,375,000			0.1270
Forfeited		(860,061	)		0.5991
Outstanding as of June 30, 2023		18,225,251			0.1831		9.01		346,378
Options vested and exercisable as of June 30, 2023		10,478,605			0.1484		8.92		201,781

Outstanding as of July 1, 2023		18,225,251			0.1831		9.01		346,378
Granted		4,217,652			0.4066
Exercised		(1,852,806	)		0.2261
Forfeited		(2,807,954	)		0.2507
Expired		(120,003	)		0.7162
Outstanding as of June 30, 2024		17,662,140			0.2176		8.37		44,127
Options vested and exercisable as of June 30, 2024		11,871,925			0.1573		8.01		34,836

Schedule of Estimated Fair Value of Each Option Grant

The estimated fair value of each option grant is estimated on the date of grant using the Binominal option-pricing model with the following assumptions:

	For the years ended June 30,
	2022			2023			2024

Expected volatility		44.04%-45.32	%		46.00%-48.00	%		81.85%-83.12	%
Risk-free interest rate (per annum)		1.48%-2.39	%		3.15%-3.80	%		3.84%-4.27	%
Expected dividend yield		0.00	%		0.00	%		0.00	%
Expected term (in years)		10			10			10
Fair value of the underlying shares on the date of option grants (US$)		3.08-3.87			3.80-3.93			0.53-1.20

Schedule of Summary of Activities of Restricted Shares

A summary of activities of restricted shares for the years ended June 30, 2022 and 2023 is presented below

	Number of shares			Weighted- Average Grant Date Fair Value (in US$)

Unvested at July 1, 2021		13,660,660			0.07
Granted		-			-
Vested		(6,905,330	)		0.08
Unvested at June 30, 2022		6,755,330			0.06

Unvested at July 1, 2022		6,755,330			0.06
Vested		(6,755,330	)		0.06
Unvested at June 30, 2023		-			-

Subsequent Events

12 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

Subsequent events

23.

Subsequent events

Share repurchase program

Subsequent to June 30, 2024 and as of August 23, 2024, the Company had repurchased 315,651 Class A ordinary shares for approximately US$175 under 2024 share repurchase program.

The Group has evaluated subsequent events through August 29, 2024, which is the date the consolidated financial statements are issued, with no other material events or transactions identified that should have been recorded or disclosed in the consolidated financial statements.

Business Combination (Tables)

12 Months Ended

Jun. 30, 2024

Business Combination [Abstract]

Schedule of Purchase Price

The purchase price was allocated on the date of acquisition as follows:

	RMB

Cash and cash equivalents		3,515
Other current assets		604
Property and equipment, net		279
Intangible assets		3,120
Operating lease right-of-use assets		166
Goodwill		7,389
Operating lease liabilities, current portion		(149	)
Other current liabilities		(13,082	)
Total purchase consideration		1,842

(Loss)/Income Per Share (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
(Loss)/Income Per Share (Details) - CNY (¥) ¥ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jan. 27, 2023	May 31, 2022
(Loss)/Income per share [Line Items]
Ordinary shares issued				700,000,000	54,642,638
Ordinary shares outstanding					47,812,308
Preferred shares issued					100,843,631
Preferred shares to redemption value (in Yuan Renminbi)			¥ 22,655
Vested shares	3,092,516	3,318,369	2,276,065
Preferred Stock [Member]
(Loss)/Income per share [Line Items]
Weighted average shares		58,295,907	100,843,631
Share-Based Payment Arrangement, Option [Member]
(Loss)/Income per share [Line Items]
Weighted average shares		14,040,780	13,021,497
Restricted Stock [Member]
(Loss)/Income per share [Line Items]
Weighted average shares		814,341	7,647,753

Related Party Transactions (Details) - Schedule of Major Related Parties and their Relationships with the Group

12 Months Ended

Jun. 30, 2024

Mr. Peng Li [Member]

Name of related parties

Mr. Peng Li

^[1]

Relationship with the Group

The Founder and controlling shareholder of the Company (i)

Beijing Baichuan Insurance Brokerage Co., Ltd. [Member]

Name of related parties

Beijing Baichuan Insurance Brokerage Co., Ltd.

Relationship with the Group

Entity controlled by the same shareholders with the Company and significantly influenced by the Founder

Beijing Shanronghaina Network Technology Co., Ltd. [Member]

Name of related parties

Beijing Shanronghaina Network Technology Co., Ltd.

Relationship with the Group

Entity controlled by the same shareholders with the Company and significantly influenced by the Founder

Beijing Baichuanxianghai Technology Co., Ltd [Member]

Name of related parties

Beijing Baichuanxianghai Technology Co., Ltd

Relationship with the Group

Entity controlled by the same shareholders with the Company and significantly influenced by the Founder

[1]	Upon the IPO, the Founder became controlling shareholder of the Company through his majority voting right.

- Definition

A description of the related party transaction, including transactions to which no amounts or nominal amounts were ascribed and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements. Examples of common related party transactions are, sales, purchases and transfers of realty and personal property, services received or furnished, loans and leases to and from top management and affiliates.

+ References + Details

Taxation (Details) - Schedule of Deferred Tax Assets and Liabilities - CNY (¥) ¥ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Deferred tax assets:
Allowances of credit losses	¥ 28	¥ 790
Operating lease liabilities	11,948	18,611
Deductible temporary difference related to advertising expenses	16,185	44,843
Net operating tax losses carried forward	38,430	49,581
Subtotal	66,591	113,825
Less: valuation allowance	(55,144)	(94,975)	¥ (84,406)	¥ (65,235)
Total deferred tax assets, net	11,447	18,850
Deferred tax liabilities:
Operating lease right-of-use assets	10,600	16,766
Withholding tax on undistributed earnings	11,625
Total deferred tax liabilities	¥ 22,225	¥ 16,766

Summary of Significant Accounting Policies (Details) - Schedule of Group’s Revenues Disaggregated by Business Line ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
Disaggregation of Revenue [Line Items]
Total revenues	¥ 3,795,331	$ 522,255	¥ 3,081,381	¥ 2,867,974
Financial literacy courses - self-operated [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,307,365		1,874,627	2,300,434
Skills Upgrading Courses [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,661,791		721,252	158,295
Recreation and Leisure Courses [Member]
Disaggregation of Revenue [Line Items]
Total revenues	395,118		138,998	35,601
Subtotal [Member]
Disaggregation of Revenue [Line Items]
Total revenues	3,364,274		2,734,877	2,494,330
Enterprise services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	247,732		340,934	185,511
Consumer Business [Member]
Disaggregation of Revenue [Line Items]
Total revenues	173,961		4,816
Others [Member]
Disaggregation of Revenue [Line Items]
Total revenues	¥ 9,364		¥ 754	¥ 188,133

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Organization and Principal Activities

12 Months Ended

Jun. 30, 2024

Organization and Principal Activities [Abstract]

Organization and principal activities

Organization and principal activities

(a)

Nature of operations

QuantaSing Group Limited (the “Company” or “QuantaSing”) was incorporated in the Cayman Islands on February 9, 2022 as an exempted company with limited liability.

The Company’s predecessors were Witty network Limited (“Witty network”, or “WN”), and EW Technology Limited (“EW”) (collectively referred to as the “Predecessors”), both of which were incorporated in the Cayman Islands. The Company (and its Predecessors prior to the reorganization), through its subsidiaries and the consolidated variable interest entities (“VIEs”) for which the Company (and its Predecessors) has a controlling financial interest and is the primary beneficiary (together, the “Group”), is principally engaged in the operation of an online platform to provide individual online learning services to the individual learners and enterprise services to financial intermediary enterprises (the “Listing Businesses” or the “Learning service and others”) in the People’s Republic of China (the “PRC”, references to “PRC” are to the People’s Republic of China, excluding, for the purposes of the financial statements only, Taiwan, Hong Kong and Macau). In early 2023, the Group began to engage in consumer business through e-commerce.

The Company became the ultimate holding company of the subsidiaries and ultimate beneficial owner of the VIE comprising the Group upon the completion of the reorganization as described in Note 1 (b).

(b)

Reorganization

In preparation for the initial listing of the Company’s shares (the “Listing”), a group reorganization was undertaken pursuant to which the Listing Businesses were transferred to a new holding structure under the Company (the “Reorganization”).

Step 1 Reorganization

WN was incorporated on January 13, 2017 and undertook a series of financing activities by issuing preferred shares to institutional investors and granted share options to its employees. WN operated its business in the PRC through its subsidiaries and the consolidated VIEs (collectively, the “WN Group”). WN Group operated certain non-listing businesses (the “Old Business”) which was discontinued by the end of June 2019. Since July 2019, WN Group shifted its business strategy and started to operate the Listing Businesses.

Main subsidiaries and consolidated VIEs of WN included:

	Date of incorporation	Place of incorporation	Percentage of direct or indirect economic interest			Principal activities

Wholly owned subsidiaries:
Beijing Erwan Technology Limited (“Beijing Erwan”, or the “WN WFOE”)	March 27, 2017	The PRC		100	%	Investment holding

VIEs:
Feierlai (Beijing) Technology Limited (“Beijing Feierlai”, or the “VIE 1”, or the “VIE” after the Reorganization)	July 27, 2016	The PRC		100	%*	Listing Businesses
Beijing Dianfengtongdao Technology Limited (“Beijing Dianfeng”, or the “WN VIE”)	April 25, 2017	The PRC		100	%*	Listing Businesses, Old Business

WN WFOE had 100% of beneficial interests in these consolidated VIEs.

EW was incorporated on April 15, 2021. EW, together with its subsidiaries and the consolidated VIEs (collectively, the “EW Group”) are established to enable a reorganization, through which they assumed the Listing Businesses previously operated by WN Group (the “Step 1 Reorganization”).

To effect the Step 1 Reorganization, the following steps were undertaken:

(a)

During the period from February to May 2021, EW, through its subsidiaries in the BVI and Hong Kong, created a subsidiary, Beijing Liangzizhige Technology Limited (“Beijing Liangzi”, or the “EW WFOE”, or the “WFOE”) in the PRC.

(b)

On May 20, 2021, the EW WFOE, VIE 1, and legal shareholder of VIE 1, which is an entity controlled by Mr. Peng Li, the founder of the Group (the “Founder”), entered into a series of new contractual arrangements, which enables EW WFOE to consolidate VIE 1.

(c)

Certain key employees, contracts, operating assets and liabilities of the WN WFOE, WN VIE and its subsidiaries related to Listing Businesses were transferred to EW WFOE and VIE 1. However, there continued to have small amount of Listing Businesses in WN Group after May 2021.

(d)

EW issued ordinary shares and preferred shares on May 31, 2021 to mirror the number and terms of ordinary shares and preferred shares originally issued by WN. EW also issued share options to mirror the number of the share options originally granted by WN (Refer to Note 15 for the modification of the vesting terms of the share options).

The Step 1 Reorganization was completed on May 31, 2021.

After the Step 1 Reorganization, EW Group developed insurance brokerage business (the “Brokerage Business”) in addition to the Listing Businesses. Brokerage Business was conducted through Beijing ChangYou Star Network Technology Co., Ltd. (“Changyou Star”), a subsidiary of VIE 1 established for investment holding, and its subsidiary Beijing Baichuan Insurance Brokerage Co., Ltd. (collectively referred to as “Baichuan”).

Step 2 Reorganization

On February 9, 2022, the Company was incorporated in the Cayman Islands. The Company was established to enable another reorganization, through which it assumed the Listing Businesses previously operated by EW Group and WN Group (the “Step 2 Reorganization”).

To effect the Step 2 Reorganization, the following steps were undertaken:

(a)

On March 1, 2022, the VIE 1 disposed of its interest in Baichuan to an entity controlled by the Founder, who in turn was holding the interest in this subsidiary on behalf of all shareholders of the Company.

(b)

On May 16, 2022, EW transferred all equity interest in its BVI subsidiary, which holds EW WFOE and controlling financial interest in VIE 1 and its subsidiaries, to the Company. As a result, the Company in return became the ultimate holding company of the subsidiaries and the consolidated VIE conducing the Listing Businesses.

(c)

The portion of the Listing Businesses remained in WN Group (including those operated through WN WFOE, WN VIE and its subsidiaries) was also transferred to the Company’s subsidiaries and the consolidated VIE (including its subsidiaries).

(d)

On May 31, 2022, certain ordinary shares and preferred shares of the Company were issued in connection with the Step 2 Reorganization to mirror the number and terms of ordinary shares and preferred shares originally issued by EW. The share options of the Company were also issued in connection with the Step 2 Reorganization to mirror the number and vesting terms of the share options originally granted by EW.

The Step 2 Reorganization was completed on May 31, 2022.

As of June 30, 2024, the Company’s major subsidiaries, the VIEs and VIEs’ subsidiaries are as follows:

	Date of incorporation	Place of incorporation	Percentage of direct or indirect economic interest			Principal activities

Wholly owned subsidiaries (offshore):
Hundreds of Mountains Limited	March 22, 2021	The BVI		100	%	Investment holding
Witty Digital Technology Limited	March 29, 2021	Hong Kong		100	%	Investment holding
Rare River Group Limited	February 6, 2024	Cayman Islands		100	%	Investment holding
Rare River Group (BVI) Limited	February 8, 2024	The BVI		100	%	Investment holding
Rare River Technology (HK) Limited	March 6, 2024	Hong Kong		100	%	Investment holding
CreaVerse Group Limited	February 6, 2024	Cayman Islands		100	%	Investment holding
CreaVerse Group (BVI) Limited	February 8, 2024	The BVI		100	%	Investment holding
CreaVerse Technology (Singapore) Pte. Limited	February 26, 2024	Singapore		100	%	Investment holding
CreaVerse Technology (HK) Limited	March 11, 2024	Hong Kong		100	%	Investment holding
Wholly owned subsidiaries (onshore):
Beijing Liangzizhige Technology Limited. (the “EW WFOE”, or the “WFOE 1”)	March 19, 2021	The PRC		100	%	Technical consulting and related service
Beijing Chuangyuqizhi Technology Co., Ltd. (the “WFOE 2”)	April 26, 2024	The PRC		100	%	Technical consulting and related service
Beijing Ziranzhilu Liquor Industry Co., Ltd.	April 26, 2024	The PRC		100	%	Consumer business
Qiniuyouxuan (Beijing) Technology Co., Ltd.	March 23, 2023	The PRC		100	%	Consumer business
VIEs:
Feierlai (Beijing) Technology Co., Ltd. (“Beijing Feierlai”, or the “VIE 1”)	July 27, 2016	The PRC		100	%*	Online learning services
Beijing Zhixueduxing Technology Co., Ltd. (the “VIE 2”)	March 23, 2023	The PRC		100	%*	Technology service
VIEs’ subsidiaries:
Beijing Shijiwanhe Information Consulting Limited	August 28, 2019	The PRC		100	%*	Online learning services
Beijing Denggaoerge Network Technology Limited	December 24, 2020	The PRC		100	%*	Online learning services
Anhui Denggaoerge Network Technology Co., Ltd.	February 12, 2023	The PRC		100	%*	Online learning services

The WFOEs have 100% of beneficial interests in the consolidated VIEs (including their subsidiaries).

Basis of Presentation for the Reorganization

The Reorganization consists of transferring the Listing Businesses to the Group, which is owned by the same group of shareholders (collectively referred to as the “Parent Company”) of the Company and the Predecessors immediately before and after the Reorganization. Both Step 1 Reorganization and Step 2 Reorganization are considered as a non-substantive capital transaction of the Listing Businesses, as the shareholder ownership percentages immediately before and after these two steps of the Reorganizations were the same. Accordingly, the Reorganization is accounted for in a manner similar to a common control transaction because it is determined that the transfers lack economic substance. Therefore, the accompanying consolidated financial statements of the Group include the assets, liabilities, revenue, expenses, and cash flows that are directly attributable to the Listing Businesses for the periods presented and are prepared as if the corporate structure of the Company after the Reorganization had been in existence throughout the periods presented.

The assets and liabilities are generally stated at historical carrying amounts. Those assets and liabilities that are specifically related to the Listing Businesses are included in the Group’s consolidated balance sheets. Income tax payable is calculated on a separate return basis as if the Group had filed separate tax returns. The Group’s statement of operations and comprehensive (loss)/income consists of all the revenues, costs, and expenses of the Listing Businesses, including allocations to the cost of revenues, sales and marketing expenses, research and development expenses, and general and administrative expenses, which were incurred by the Predecessors but related to the Listing Businesses. These allocated costs and expenses are primarily related to office rental expenses, office utilities, information technology support and certain corporate functions, including senior management, finance, legal and human resources, as well as share-based compensation expenses.

Generally, the costs and expenses identified as relating to the Listing Businesses were allocated to the Group; the costs of shared employees were allocated to the Group based on the Group’s headcount as a proportion of total headcount in the Predecessors group; share based compensation expenses were allocated to the Group based on the compensation expenses attributable to employees of the Listing Businesses. These allocations are made on a basis considered reasonable by management. Such presentation may not necessarily reflect the results of operations, financial position and cash flows of the Group had it existed on a stand-alone basis during the period presented.

For the year ended June 30, 2022:	Share based compensation		Others		Total
	RMB		RMB		RMB

Cost of revenues		10,984		77		11,061
Sales and marketing expenses		32,406		7,172		39,578
Research and development expenses		30,986		338		31,324
General and administrative expenses		26,612		2,065		28,677
Total		100,988		9,652		110,640

Out of the total costs and expenses of RMB110,640 allocated from the Predecessors for the year ended June 30, 2022, RMB100,988 is for share based compensation expenses which are recorded as a contribution from the Predecessors. The remaining allocated expenses of RMB9,652 were deemed to be a contribution from the Predecessors as they were agreed to be waived by Predecessors.

As the Reorganization qualifies as a non-substantive transaction with high degree of common ownership, the carrying value of the equity of the Listing Businesses immediately before the Step 2 Reorganization was carried forward to the total equity of the Company immediately after the Reorganization. Considering that a material part of the Listing Businesses was a carve-out business of a larger entity, the Company has determined it was most appropriate not to retrospectively adjust the equity structure for periods before the Step 2 Reorganization completion date, and that the Company’s equity other than accumulated other comprehensive income/(loss) was presented as a single financial statement line item as “Parent Company’s investment” in the balance sheets, and the contribution from or distribution to Predecessors were presented as “Parent Company’s contribution” or “Distribution to Parent Company” in the statements of changes in invested deficit. The Company did not record any ordinary shares or preferred shares on its balance sheet before the Step 2 Reorganization completion.

Upon the date of completion of the Step 2 Reorganization, the following equity line items were initially recognized as follows: (i) ordinary shares based on par value of the shares; (ii) preferred shares based on the portion of the historical carrying value of the Predecessors’ preferred shares attributable to the Listing Businesses using a relative fair value method; (iii) the accumulated deficit was presented based on Listing Businesses’ historical earnings or losses; and (iv) with the amounts allocated to ordinary shares and preferred shares, the debit was recorded in the accumulated deficit. Refer to Note 16 and Note 17 for details of ordinary shares and preferred shares.

In computing basic and diluted (loss)/income per share for the year ended June 30, 2022, the Reorganization was accounted for in a manner similar to a stock split or stock dividend. Thus, the number of the ordinary shares and preferred shares newly issued by the Company was retrospectively included since the beginning of the earliest period presented or the original issuance date of particular classes of shares by Predecessors, whichever is later, for the purpose of calculating the loss per ordinary share for the period before completion of the Reorganization. Accretion and deemed dividend incurred by Predecessors’ preferred shares were allocated to the Listing Businesses based on the relative fair value of the Listing Businesses and the Predecessors group. Refer to Note 18 for details.

For purposes of presentation in the consolidated statements of cash flows for the year ended June 30, 2022, the cash flow from Predecessors to support the Listing Businesses is presented as contribution from Predecessors or Proceeds from loans from Predecessors depending on whether they were agreed to be waived by Predecessors, which is included in cash flows from financing activities.

Intra-Group Equity Transaction

During the year ended June 30, 2024, for the purpose of business expansion and diversification strategies, the Group undertook corporate restructuring, involving: (i) the equity transfer of Qiniuyouxuan (Beijing) Technology Co., Ltd. from VIE 1 to Beijing Ziranzhilu Liquor Industry Co., Ltd., executed through a two-step procedure; (ii) subsequent to the equity transfer of VIE3 from VIE1 to its current legal shareholder, WFOE 2, VIE3 and its current legal shareholder (the same shareholder as VIE1) entered into a similar series of contractual arrangements, enabling WFOE2 to consolidate VIE 2.

(c)

Variable interest entity (including the portion of Listing Businesses in the WN VIE before the Reorganization)

(1)

Summary of the VIE contractual arrangements (the “VIE Contractual Agreements”)

The Company’s subsidiary Beijing Liangzizhige Technology Limited, or the WFOE 1, has entered into a series of contractual arrangements with the VIE 1 and its shareholder, Shenzhen Erwan Education Technology Limited, an entity controlled by the Founder, which were effective in May 2021. In addition, the Company’s subsidiary Beijing Chuangyuqizhi Technology Co., Ltd., or the WFOE 2, has entered into a similar series of contractual arrangements with VIE 2 and its shareholder, Shenzhen Erwan Education Technology Limited, which were effective in May 2024. These contractual agreements are collectively referred to as the VIE Contractual Agreements. Through the VIE Contractual Agreements, the Company is able to consolidate the financial statements of the VIEs and receives substantially all its economic benefits and residual returns. Prior to the VIE Contractual Agreements, the WN WFOE also entered into similar contractual arrangements with the VIE 1 and WN VIE, and their shareholders, the terms of which are substantially the same as the VIE Contractual Agreements. The contractual agreements among WN WFOE, VIE 1 and its shareholder were terminated immediately before the effectiveness of the VIE Contractual Agreements.

Voting Rights Proxy Agreements

Pursuant to the voting rights proxy agreement entered into by and among the WFOEs, the VIEs and their shareholders, the shareholders of the VIEs irrevocably appointed and authorized the WFOEs or their designees to act on their behalf as exclusive agent and attorney, to the extent permitted by PRC law, with respect to all matters concerning all equity interests held by such shareholders in the VIEs, including but not limited to the power to (1) attend shareholders’ meetings, (2) exercise all shareholder’s rights and shareholder’s voting rights that they are entitled under relevant PRC laws and regulations and the articles of association of the VIEs, including but not limited to the right to sell, transfer, pledge or dispose of all the equity interests held in part or in whole, and (3) designate and appoint on their behalf the legal representative, directors, supervisors, chief executive officer and other senior management members of the VIEs. The voting rights proxy agreements are irrevocable and continuously effective from the execution date until the entire equity interests in the VIEs have been transferred to the WFOEs or their designee pursuant to the exclusive option agreement or unless otherwise agreed to with written consent by all parties.

Exclusive consultancy and service agreements

Pursuant to the exclusive consultancy and service agreements entered into by and between the WFOEs and the VIEs, the WFOEs have the exclusive right, during the term of the exclusive consultancy and service agreements, to provide or designate their affiliates to provide complete business support and technical and consulting services to the VIEs. In exchange, the VIEs shall pay the WFOEs in an amount equals to the VIEs’ revenues minus any turnover tax, total costs incurred by the VIEs, any provisions for statutory reserves and retained earnings, which should be paid on a quarterly basis. The retained earnings should be zero unless the WFOEs agrees in writing for any other amount. The WFOEs have the right to adjust the above service fee at their sole discretions without prior consent of the VIEs. The WFOEs shall have exclusive and proprietary rights and interests in all rights, ownership, interests and intellectual properties arising out of or created during the performance of the agreement. The exclusive consultancy and service agreements shall remain effective for ten years from the execution date and shall be extended for another ten years unless confirmed otherwise in writing by the WFOEs within three months prior to the expiration date.

Exclusive option agreements

Under the exclusive option agreements entered into by and between the WFOEs, the VIEs and its shareholders, the shareholders of the VIEs irrevocably granted the WFOEs an exclusive right to purchase, or designate any third-party to purchase, all of its equity interests in the VIEs at any time in part or in whole at the sole and absolute discretion of the WFOEs to the extent permitted by PRC law and at a purchase price equal to the lowest price permitted by the then-applicable PRC law and regulations at the time of exercise of the options. The shareholders of the VIEs shall give all considerations they received within 10 days from the exercise of the options to the WFOEs or its designee(s). Without the prior written consent of the WFOEs, the VIEs and/or their shareholders shall not, among others (1) transfer or otherwise dispose of any equity, assets or business of the VIEs, or create any pledge or encumbrance on any equity, assets or business of the VIEs, (2) increase or decrease the VIEs’ registered capital or change its structure of registered capital, (3) sell, transfer, mortgage, or dispose of in any other manner outside of ordinary course of business any assets of the VIEs or any legal or beneficial interests in the material business or revenues of the VIEs, or allow any encumbrances thereon of any security interests, (4) enter into any major contracts or terminate any material contracts to which the VIEs are one of the parties, or enter into any other contract that may result in any conflicts with the VIEs’ existing materials contacts, (5) carry out any transactions that may substantially affect the VIEs’ assets, business operations, shareholding structure, or equity investment in third-party entities, (6) appointment or replacement of any director, supervisor, or any management who could be appointed or dismissed by shareholders of the VIEs, (7) declare or distribute dividends, (8) dissolute or liquate or terminate the VIEs, (9) amend the VIEs’ articles of association, or (10) allow the VIEs to incur any borrowings or loans. These agreements shall remain in effect until all equity interests in the VIEs have been transferred to the WFOEs and/or their designee(s) pursuant to this agreement.

Equity pledge agreements

Under the equity pledge agreements entered into by and among the WFOEs, the VIEs and their shareholders, the shareholders of the VIEs agree to pledge all of its equity interests in the VIEs to the WFOEs as security for performance of the respective obligations of the VIEs and their shareholders hereunder and under the exclusive option agreements, the voting rights proxy agreements and the exclusive consultancy and service agreements, and for payment of all the losses and losses of anticipated profits suffered by the WFOEs as a result of the VIEs or their shareholders’ defaults. If any of the VIEs or their shareholders breach their contractual obligations, such WFOEs, as the pledgees, may, upon issuing written notice, exercise certain remedy measures, including but not limited to being paid in priority with all pledged equity interests based on monetary evaluation or from the proceeds from auction or sale. The shareholders of the VIEs agree that, without the WFOEs’ prior written consent, the shareholders of the VIEs shall not transfer the pledged equity interests or place or permit the existence of any security interests or other encumbrances over the pledged equity interest. The WFOEs may assign all or any of their rights and obligations under the share pledge agreements to their designee(s) at any time. The equity pledge agreements pledge will become effective on the date thereof and will remain in effect until the fulfillment of all the obligations hereunder and under the exclusive option agreements, the voting rights proxy agreements and the exclusive consultancy and service agreements and the full payment of all the losses and losses of anticipated profits suffered by the relevant WFOEs as a result the VIEs or their shareholders’ default.

(2)

Risks in relation to the VIE structures

The Group’s business is conducted through the VIEs (including their subsidiaries, and including the portion of Listing Businesses in the WN VIE and its subsidiaries) of the Group, of which the Company (and its Predecessors before the Reorganization) is the ultimate primary beneficiary. The Company has concluded that (i) the ownership structure of the VIEs is not in violation of any applicable PRC laws or regulations currently in effect and (ii) each of the VIEs Contractual Agreements is valid, binding, and enforceable in accordance with their terms and applicable PRC laws or regulations currently in effect. However, uncertainties in the PRC legal system could cause the relevant regulatory authorities to find the current VIEs Contractual Agreements and the legal structure to be in violation of any existing or future PRC laws or regulations.

On March 15, 2019, the National People’s Congress adopted the Foreign Investment Law of the PRC, which became effective on January 1, 2020, together with their implementation rules and ancillary regulations. The Foreign Investment Law does not explicitly classify contractual arrangements as a form of foreign investment, but it contains a catch-all provision under the definition of “foreign investment”, which includes investments made by foreign investors through means stipulated in laws or administrative regulations or other methods prescribed by the State Council. It is unclear whether the Group’s corporate structure will be seen as violating the foreign investment rules as the Group is currently leveraging the contractual arrangements to operate certain business in which foreign investors are prohibited from or restricted to investing. If variable interest entities fall within the definition of foreign investment entities, the Group’s ability to use the contractual arrangements with the VIEs and the Group’s ability to conduct business through the VIEs could be severely limited.

In addition, if the Group’s corporate structure and the contractual arrangements with the VIEs through which the Group conducts its business in the PRC were found to be in violation of any existing or future PRC laws and regulations, the Group’s relevant PRC regulatory authorities could:

●

revoke the business licenses and/or operating licenses of the Group’s PRC entities;

●

impose fines;

	●	confiscate any income that they deem to be obtained through illegal operations, or impose other requirements with which the Group may not be able to comply;

●

discontinue or place restrictions or onerous conditions on the Group’s operations;

●

place restrictions on the right to collect revenues;

●

shut down the Group’s servers or block the Group’s mobile app;

●

require the Group to restructure ownership structure or operations, including terminating the contractual arrangements with the VIEs and deregistering the equity pledges of the VIEs, which in turn would affect the ability to consolidate, derive economic interests from the VIEs and their subsidiaries;

●

restrict or prohibit the use of the proceeds from financing activities to finance the business and operations of the VIEs and their subsidiaries; or

●

take other regulatory or enforcement actions that could be harmful to the Group’s business.

The imposition of any of these penalties may result in a material and adverse effect on the Group’s ability to conduct the Group’s business. In addition, if the imposition of any of these penalties causes the Group to lose the rights to direct the activities of the VIEs or the right to receive its economic benefits, the Group would no longer be able to consolidate the VIEs. The management believes that the likelihood for the Group to lose such ability is remote based on current facts and circumstances. However, the interpretation and implementation of the laws and regulations in the PRC and their application to an effect on the legality, binding effect and enforceability of contracts are subject to the discretion of competent PRC authorities, and therefore there is no assurance that relevant PRC authorities will take the same position as the Group herein in respect of the legality, binding effect, and enforceability of each of the contractual arrangements. Meanwhile, since the PRC legal system continues to rapidly evolve, it may lead to changes in PRC laws, regulations, and policies or in the interpretation and application of existing laws, regulations, and policies, which may limit legal protections available to the Group to enforce the contractual arrangements should the VIEs or the shareholders of the VIEs fail to perform their obligations under those arrangements. In addition, shareholders of the VIEs are PRC holding entities beneficially owned by the Founder, chairman of the board of directors and chief executive officer of the Company. The enforceability, and therefore the benefits, of the contractual agreements between the Company and the VIEs depend on shareholder enforcing the contracts. There is a risk that shareholders of VIEs, who in some cases are also shareholders of the Company may have conflict of interests with the Company in the future or fails to perform their contractual obligations. Given the significance and importance of the VIEs, there would be a significant negative impact to the Company if these contracts were not enforced.

The Group’s operations depend on the VIEs to honor their contractual agreements with the Group and the enforceability, and therefore the benefits, of the contractual agreements also depends on the authorization by the shareholder of the VIEs to exercise voting rights on all matters requiring shareholder approval in the VIEs. The Company believes that the agreements on authorization to exercise shareholder’s voting power are enforceable against each party thereto in accordance with their terms and applicable PRC laws or regulations currently in effect and the possibility that it will no longer be able to be the primary beneficiary and consolidate the VIEs as a result of the aforementioned risks and uncertainties is remote.

In accordance with VIEs Contractual Agreements, the Company (1) could exercise all shareholder’s rights of the VIEs and has power to direct the activities that most significantly affects the economic performance of the VIEs, and (2) receive the economic benefits of the VIEs that could be significant to the VIEs. Accordingly, the Company is considered as the ultimate primary beneficiary of the VIEs and has consolidated the VIEs’ financial results of operations, assets, and liabilities in the Company’s consolidated financial statements. Therefore, the Company considers that there are no assets in the VIEs that can be used only to settle obligations of the VIEs, except for the paid-in capital of the VIEs amounting to approximately nil and nil as of June 30, 2023 and 2024, as well as certain non-distributable statutory reserves amounting to approximately RMB1,568 and RMB9,387 as of June 30, 2023 and 2024. As the VIEs are incorporated as limited liability companies under the PRC Company Law, creditors do not have recourse to the general credit of the Company for the liabilities of the VIEs. There is currently no contractual arrangement that would require the Company to provide additional financial support to the VIEs. As the Group is conducting certain business in the PRC through the VIEs, the Group may provide additional financial support on a discretionary basis in the future, which could expose the Group to a loss.

The VIEs holds assets with no carrying value in the consolidated balance sheet that are important to the Company’s ability to produce revenue (referred to as unrecognized revenue-producing assets). Unrecognized revenue-producing assets held by the VIEs include self-developed App named QiNiu (rebranded from KuaiCai), QianChi (rebranded from BanCai) and JiangZhen, self-developed courses.

	As of June 30,
	2023		2024
	RMB		RMB

ASSETS
Current assets:
Cash and cash equivalents		422,076		311,071
Short-term investments		50,213		-
Accounts receivable, net		12,203		16,083
Amounts due from related parties		29,116		4,488
Amounts due from intra-Group companies		-		149,820
Inventory, net		-		6
Prepayments and other current assets		123,734		180,818
Total current assets		637,342		662,286
Property and equipment, net		2,646		1,330
Operating lease right-of-use assets		41,654		26,848
Deferred tax assets		2,084		847
Other non-current assets		12,347		10,945
Total non-current assets		58,731		39,970
TOTAL ASSETS		696,073		702,256
Accounts payables		62,094		61,888
Accrued expenses and other current liabilities		124,532		151,918
Amounts due to intra-Group companies		17,000		32,714
Income tax payable		8,794		9,642
Contract liabilities, current portion		517,213		380,548
Advance from customers		144,397		159,806
Operating lease liabilities, current portion		21,425		23,782
Total current liabilities		895,455		820,298
Contract liabilities, non-current portion		7		11,365
Operating lease liabilities, non-current portion		23,786		6,317
Total non-current liabilities		23,793		17,682
TOTAL LIABILITIES		919,248		837,980

	For the years ended June 30,
	2022			2023			2024
	RMB			RMB			RMB

Revenues:
- earned from third-party customers		2,822,508			2,933,413			3,752,463
- earned from a related party		44,710			147,921			34,107
Total revenues		2,867,218			3,081,334			3,786,570

Cost of revenues and operating expenses
- arising from non intra-Group transactions		(2,576,144	)		(2,701,287	)		(3,052,384	)
- arising from the intra-Group technical consulting and related service under VIE Contractual Agreements		(230,281	)		(392,174	)		(673,373	)
Total cost of revenues and operating expenses		(2,806,425	)		(3,093,461	)		(3,725,757	)

Net (loss)/income		62,712			(15,092	)		69,773

	For the years ended June 30,
	2022			2023			2024
	RMB			RMB			RMB

Cash flows from operating activities:
Net cash provided by transactions with third parties		495,719			548,728			644,984
Net cash used in transactions with intra-Group companies related to technical consulting and related service under VIE Contractual Agreements		(239,597	)		(415,703	)		(713,732	)
Net cash provided by operating activities		256,122			133,025			(68,748	)

Cash flows from investing activities:
Net cash (used in)/provided by transactions with third parties		(31,836	)		9,786			56,305
Net cash (used in)/provided by transactions with related parties		(5,912	)		24,386			-
Net cash (used in)/provided by transactions with intra-Group companies*		(155,960	)		155,960			(141,984	)
Net cash (used in)/provided by investing activities		(193,708	)		190,132			(85,679	)

Cash flows from financing activities:
Net cash provided by/(used in) transactions with Predecessors		(3,691	)		-			-
Net cash used in transactions with third parties		-			(1,530	)		(2,250	)
Net cash provided by/ (used in) transactions with intra-Group companies		-			17,000			45,672
Net cash provided by/ (used in) financing activities		(3,691	)		15,470			43,422

Related Party Transactions (Tables)

12 Months Ended

Jun. 30, 2024

Schedule of Major Related Parties and their Relationships with the Group

The table below sets forth the major related parties and their relationships with the Group as of June 30, 2023 and June 30, 2024:

Name of related parties		Relationship with the Group

Mr. Peng Li		The Founder and controlling shareholder of the Company (i)
Beijing Baichuan Insurance Brokerage Co., Ltd.		Entity controlled by the same shareholders with the Company and significantly influenced by the Founder
Beijing Shanronghaina Network Technology Co., Ltd.		Entity controlled by the same shareholders with the Company and significantly influenced by the Founder
Beijing Baichuanxianghai Technology Co., Ltd		Entity controlled by the same shareholders with the Company and significantly influenced by the Founder

(i)	Upon the IPO, the Founder became controlling shareholder of the Company through his majority voting right.

Schedule of Related Party Transactions

The related party transactions entered into during the years ended June 30, 2022, 2023 and 2024 were as follows:

	For the years ended June 30,
Transactions	2022			2023			2024
	RMB			RMB			RMB

(i) Transactions recorded in revenue ⁽¹⁾		44,710			147,921			34,107

(ii) Other transactions
—Repayment of borrowings from related parties		(146,182	)		-			-
—Borrowings from related parties		122,833			-			-
—Lending to related parties		(129,427	)		(2,243	)		-
—Repayment of lending to related parties		109,389			24,629			-
—Disposal of subsidiaries to related parties ⁽²⁾		20,000			2,000			-

(1)	Beijing Feierlai has been providing marketing services to Beijing Baichuan Insurance Brokerage Co., Ltd. by referring learners to purchase insurance policies and earned commissions for the service, which was recorded as revenues from related parties subsequent to the disposal of Baichuan (Note 20).

(2)	The Group disposed of ChangYou Star to Beijing Shanronghaina Network Technology Co., Ltd. at a consideration of RMB22,000 (Note 20), of which RMB20,000 and RMB2,000 was received during the year ended June 30, 2022 and 2023, respectively.

Schedule of Outstanding Balance Due from/to Related Parties

The outstanding balance due from/to related parties as of June 30, 2023 and 2024 were as follows:

	As of June 30,
	2023		2024
	RMB		RMB

Due from related parties		29,116		4,488
Due from Beijing Baichuan Insurance Brokerage Co., Ltd. ⁽¹⁾		29,116		4,488

(1)	Beijing Feierlai has been providing marketing services to Beijing Baichuan Insurance Brokerage Co., Ltd. by referring learners to purchase insurance policies and earned commissions for the service, which was recorded as revenues from related parties subsequent to the disposal of Baichuan (Note 20).

(2)	The Group disposed of ChangYou Star to Beijing Shanronghaina Network Technology Co., Ltd. at a consideration of RMB22,000 (Note 20), of which RMB20,000 and RMB2,000 was received during the year ended June 30, 2022 and 2023, respectively.

Long-Term Investments

12 Months Ended

Jun. 30, 2024

Long-Term Investments [Abstract]

Long-term investments

12.

Long-term investments

Long term investments as of June 30, 2023 and 2024 consist of the following:

	As of June 30,
	2023		2024
	RMB		RMB

Equity investment (i)		-		3,002
Investment accounted for at fair value (ii)		-		6,008
Total		-		9,010

(i)

The Group applied equity method of accounting to this investment in accordance with ASC 323 because the Group has significant influence over the Partnership Enterprise but does not have a controlling financial interest.

(ii)

The Group accounted for the investment in the preferred shares under the fair value option in accordance with ASC 825. The fair value of the investment in the preferred shares was estimated by using the back-solve method, which derives the implied equity value of a company by referencing to the transaction price of a recent, arm’s length transaction of the company’s own security. Under the back-solve method, option-pricing model is employed to allocate the implied equity value to different classes of shares (with consideration of their individual rights and preferences) so as to come up with the fair value of each class of shares. This method requires making assumptions on the probability of different liquidity events and the expected time to the liquidity events, volatility, and risk-free rate. The Group classifies the valuation techniques that use these inputs as Level 3 of fair value measurement.

The Group determined that there was no material change in fair value of the investment in the preferred shares during the period from investment completion date to June 30, 2024.

Taxation

12 Months Ended

Jun. 30, 2024

Taxation [Abstract]

Taxation

13.

Taxation

Cayman Islands

Under the current laws of the Cayman Islands, the Group is not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no Cayman Islands withholding tax will be imposed.

British Virgin Islands (“BVI”)

Subsidiaries in the BVI are exempted from income tax on its foreign-derived income in the BVI. There are no withholding taxes in the BVI.

Hong Kong

Hong Kong profits tax rate is 16.5% up to April 1, 2018. When the two-tiered profits tax regime took effect on April 1, 2018, the applicable Hong Kong profits tax rate is 8.25% for assessable profits on the first HK$2,000 and 16.5% for any assessable profits in excess of HK$2,000. During the years ended June 30, 2022, 2023 and 2024, Hong Kong profits tax was not provided as there were no taxable profits deriving from Hong Kong.

PRC

Under the PRC Enterprise Income Tax Law (“EIT Law”), the standard enterprise income tax rate is 25%. Entities qualifying as High and New Technology Enterprises (“HNTE”) qualify for a preferential tax rate of 15% subject to a requirement that they re-apply for HNTE status every three years. The WFOE qualified as a HNTE in the calendar year 2022 and is eligible for a preferential enterprise income tax rate of 15% as a “high and new technology enterprise” under the EIT Law from the period of 2022 to 2025

The EIT Law also provides that an enterprise established under the laws of a foreign country or region but whose “de facto management body” is located in the PRC be treated as a resident enterprise for PRC tax purposes and consequently be subject to the PRC income tax at the rate of 25% for its global income. The Implementing Rules of the EIT Law merely define the location of the “de facto management body” as “the place where the exercising, in substance, of the overall management and control of the production and business operation, personnel, accounting, property, of a non-PRC company is located”. Based on a review of surrounding facts and circumstances, the Group does not believe that it is likely that its operations outside of the PRC be considered a resident enterprise for PRC tax purposes. However, due to limited guidance and implementation history of the EIT Law, should the Company be treated as a resident enterprise for PRC tax purposes, the Company will be subject to PRC income tax on worldwide income at a uniform tax rate of 25%.

Withholding tax on undistributed earnings

The EIT law also imposes a withholding income tax of 10% on dividends distributed by a foreign investment enterprise (“FIE”) to its immediate holding company outside the PRC, if such immediate holding company is considered as a non-resident enterprise without any establishment or place within the PRC or if the received dividends have no connection with the establishment or place of such immediate holding company within the PRC, unless such immediate holding company’s jurisdiction of incorporation has a tax treaty with the PRC that provides for a different withholding arrangement. The Cayman Islands, where the Company is incorporated, does not have such tax treaty with the PRC. According to the arrangement between Mainland China and Hong Kong Special Administrative Region on the Avoidance of Double Taxation and Prevention of Fiscal Evasion in August 2006, dividends paid by an FIE in the PRC to its immediate holding company in Hong Kong will be subject to withholding tax at a rate of no more than 5%. As of June 30, 2022, and 2023, the Group did not record any withholding tax on undistributed earnings as the PRC entities were still in accumulated deficit position. To the extent that subsidiaries and the consolidated VIE (including its subsidiaries) of the Group have undistributed earnings, the Group will accrue appropriate expected withholding tax associated with repatriation of such undistributed earnings.

During the year ended June 30, 2024, the WFOE 1, an onshore subsidiary of the Group, distributed a portion of its retained earnings of approximate US$5,263 to its immediate holding company, Witty Digital Technology Limited (“Witty Digital”), an offshore subsidiary of the Group. Because Witty Digital was regarded as a PRC non-resident and the dividend paid to Witty Digital was subject to the PRC withholding tax at the rate of 5%, the Group paid a withholding tax of approximate US$263 to the PRC tax bureau in the year ended June 30, 2024. With respect to the WFOE 1’s remaining undistributed retained earnings as of June 30, 2024, as the Group expected the earnings will be distributed to Witty Digital in the foreseeable future, an amount of RMB11,625 withholding tax expenses was accrued accordingly.

The following table sets forth the component of income tax expenses of the Group for the years ended June 30, 2022, 2023 and 2024:

	For the years ended June 30,
	2022			2023			2024
	RMB			RMB			RMB

Current tax expense		(19,796	)		(23,769	)		(18,466	)
Deferred tax benefit/(expense)		1,446			2,084			(12,862	)
Income tax expense		(18,350	)		(21,685	)		(31,328	)

The following table sets forth reconciliation between the statutory EIT rate and the effective tax rates:

	For the years ended June 30,
	2022			2023			2024

Statutory income tax rate in PRC		25.0	%		25.0	%		25.0	%
Effect of income tax exemptions and preferential tax rates		-			11.8	%		(8.3	)%
Effect of income tax rate difference in other jurisdictions		-			-			1.9	%
Effect of PRC withholding tax		-			-			1.0	%
Permanent differences		(24.6	)%		(35.5	)%		(3.0	)%
Changes in valuation allowance		(8.8	)%		(26.2	)%		(9.1	)%
Effective tax rate		(8.4	)%		(24.9	)%		7.5	%

Deferred tax assets and liabilities

	As of June 30,
	2023			2024
	RMB			RMB

Deferred tax assets:
Allowances of credit losses		790			28
Operating lease liabilities		18,611			11,948
Deductible temporary difference related to advertising expenses		44,843			16,185
Net operating tax losses carried forward		49,581			38,430
Subtotal		113,825			66,591
Less: valuation allowance		(94,975	)		(55,144	)
Total deferred tax assets, net		18,850			11,447

	As of June 30,
	2023		2024
	RMB		RMB

Deferred tax liabilities:
Operating lease right-of-use assets		16,766		10,600
Withholding tax on undistributed earnings		-		11,625
Total deferred tax liabilities		16,766		22,225

The tax losses of the Group expire over different time intervals depending on the local jurisdiction. All the PRC entities’ expiration periods for tax losses were five years. As of June 30, 2024, certain entities of the Group had net operating tax losses carried forward, which if not utilized, will expire as follows:

	2024
	RMB

Loss expiring for the year ended December 31, 2024		-
Loss expiring for the year ended December 31, 2025		-
Loss expiring for the year ended December 31, 2026		29,900
Loss expiring for the year ended December 31, 2027		56,782
Loss expiring for the year ended December 31, 2028		81,800
Loss expiring for the year ended December 31, 2029		-
Loss expiring for the year ended December 31, 2030		-
Loss expiring for the year ended December 31, 2031		-
Loss expiring for the year ended December 31, 2032		-
Loss expiring for the year ended December 31, 2033 and thereafter		5,850
Subtotal		174,332

A valuation allowance is provided against deferred tax assets when the Group determines that it is more likely than not that the deferred tax assets will not be utilized in the future. In making such determination, the Group evaluates a variety of factors including the Group’s operating history, accumulated equity, existence of taxable temporary differences and reversal periods.

Changes in valuation allowance are as follows:

	For the years ended June 30,
	2022			2023			2024
	RMB			RMB			RMB

Balance at beginning of the year		(65,235	)		(84,406	)		(94,975	)
(Additions)/Reversal		(19,171	)		(10,569	)		39,831
Balance at end of the year		(84,406	)		(94,975	)		(55,144	)

The major jurisdiction in which the Group is subject to potential examination is the PRC. In general, the PRC tax authorities have up to five years and in certain cases up to ten years to conduct examinations of the tax filings of the Group. All these related tax years remain subject to examination by the PRC tax authorities potentially.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Related Party Transactions (Details) - Schedule of Outstanding Balance Due from/to Related Parties - CNY (¥)
¥ in Thousands

Jun. 30, 2024

Jun. 30, 2023

Due from related parties

¥ 4,488

¥ 29,116

Due from Beijing Baichuan Insurance Brokerage Co., Ltd. [Member]

Due from related parties

^[1]

¥ 4,488

¥ 29,116

[1]	Beijing Feierlai has been providing marketing services to Beijing Baichuan Insurance Brokerage Co., Ltd. by referring learners to purchase insurance policies and earned commissions for the service, which was recorded as revenues from related parties subsequent to the disposal of Baichuan (Note 20).

Share Based Compensation Expenses (Details) - Schedule of Estimated Fair Value of Each Option Grant - $ / shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Schedule of Estimated Fair Value of Each Option Grant [Line Items]
Expected dividend yield	0.00%	0.00%	0.00%
Expected term (in years)	10 years	10 years	10 years
Fair value of the underlying shares on the date of option grants (US$) (in Dollars per share)	$ 0.39	$ 3.77	$ 2.56
Minimum [Member]
Schedule of Estimated Fair Value of Each Option Grant [Line Items]
Expected volatility	81.85%	46.00%	44.04%
Risk-free interest rate (per annum)	3.84%	3.15%	1.48%
Fair value of the underlying shares on the date of option grants (US$) (in Dollars per share)	$ 0.53	$ 3.8	$ 3.08
Maximum [Member]
Schedule of Estimated Fair Value of Each Option Grant [Line Items]
Expected volatility	83.12%	48.00%	45.32%
Risk-free interest rate (per annum)	4.27%	3.80%	2.39%
Fair value of the underlying shares on the date of option grants (US$) (in Dollars per share)	$ 1.2	$ 3.93	$ 3.87

Accounts Receivable, Net (Details) - Schedule of Accounts Receivable , Net - CNY (¥) ¥ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Schedule of Accounts Receivable , Net [Line Items]
Less: allowance for credit losses	¥ (97)	¥ (59)	¥ (13)
Accounts receivable, net	16,676	12,251
Enterprise services [Member]
Schedule of Accounts Receivable , Net [Line Items]
Accounts receivable	16,661	12,219
Others [Member]
Schedule of Accounts Receivable , Net [Line Items]
Accounts receivable	¥ 112	¥ 91

Accounts Payables

12 Months Ended

Jun. 30, 2024

Accounts Payables [Abstract]

Accounts payables

Accounts payables

These amounts represent liabilities for services provided to the Group prior to the end of financial year which are unpaid. The amounts are unsecured and are usually paid within 30 days of recognition. Accounts payables are mainly comprised of marketing promotion expenses payables and payable for purchase of goods to third parties as of June 30, 2023 and 2024.

Concentration and Risks (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
Concentration and Risks (Details) - CNY (¥) ¥ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Concentration and Risks [Line Items]
Short term investments (in Yuan Renminbi)		¥ 625,698	¥ 890,644
Cash and cash equivalents and short term investments percentage		67.24%	86.78%
Gross accounts receivable (in Yuan Renminbi)	¥ 4,488	¥ 29,116
Accounts receivables, percentage	21.20%	70.40%
Credit Concentration Risk [Member] \| Accounts Receivable [Member] \| Supplier One [Member]
Concentration and Risks [Line Items]
Concentration risk, percentage	10.10%

Property and equipment, net (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
Property and Equipment, Net [Abstract]
Depreciation expenses	¥ 4,546	$ 626	¥ 3,714	¥ 4,016

Consolidated Statements of Operations and Comprehensive (Loss)/Income (Parentheticals) - CNY (¥) ¥ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Related Party
Revenue related parties	¥ 34,107	¥ 147,921	¥ 44,710

Business Combination (Details) - Schedule of Purchase Price ¥ in Thousands	Jun. 30, 2024 CNY (¥)
Schedule of Purchase Price [Abstract]
Cash and cash equivalents	¥ 3,515
Other current assets	604
Property and equipment, net	279
Intangible assets	3,120
Operating lease right-of-use assets	166
Goodwill	7,389
Operating lease liabilities, current portion	(149)
Other current liabilities	(13,082)
Total purchase consideration	¥ 1,842

Organization and Principal Activities (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
Organization and Principal Activities [Line Items]
Total costs and expenses				¥ 110,640
Share based compensation expenses	¥ 27,757		¥ 191,632	291,429
Remaining allocated expenses	¥ 2,867,651	$ 394,603	2,803,491	2,694,593
Exclusive consultancy and service agreements term	10 years	10 years
Exclusive consultancy and service agreements extended term	10 years	10 years
Paid-in capital of VIE amount
Statutory reserves	9,387		¥ 1,568
Excess cash	¥ 141,984			155,960
Predecessors [Member]
Organization and Principal Activities [Line Items]
Share based compensation expenses				100,988
Remaining allocated expenses				¥ 9,652
WN WFOE [Member]
Organization and Principal Activities [Line Items]
Beneficial interest rate	100.00%	100.00%
WFOEs [Member]
Organization and Principal Activities [Line Items]
Beneficial interest rate	100.00%	100.00%

Preferred Shares (Details) - Schedule of Issuances of Preferred Shares $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
WN-A [Member]
Schedule of Issuances of Preferred Shares [Line Items]
Issuance Date	April 2017
Shares Issued \| shares	22,000,000
Issue Price per share \| $ / shares	$ 0.0455
Aggregated issuance price \| $	$ 1,001
WN-B [Member]
Schedule of Issuances of Preferred Shares [Line Items]
Issuance Date	April 2018
Shares Issued \| shares	23,983,789
Issue Price per share \| $ / shares	$ 0.18
Aggregated issuance price \| $	$ 4,317
WN-B-1 [Member]
Schedule of Issuances of Preferred Shares [Line Items]
Issuance Date	May 2018
Shares Issued \| shares	7,913,872
Issue Price per share \| $ / shares	$ 0.3146
Aggregated issuance price \| $	$ 2,489
WN-C [Member]
Schedule of Issuances of Preferred Shares [Line Items]
Issuance Date	June 2018
Shares Issued \| shares	20,327,789
Issue Price per share \| $ / shares	$ 0.5686
Aggregated issuance price \| $	$ 11,559
WN-D [Member]
Schedule of Issuances of Preferred Shares [Line Items]
Issuance Date	August 2020
Shares Issued \| shares	11,818,754
Issue Price per share \| $ / shares	$ 1.1825
Aggregated issuance price \| $	$ 13,975
WN-E [Member]
Schedule of Issuances of Preferred Shares [Line Items]
Issuance Date	November 2020
Shares Issued \| shares	14,799,427
Issue Price per share \| $ / shares	$ 2.3398
Aggregated issuance price \| $	$ 34,628

Organization and Principal Activities (Details) - Schedule of Consolidated Financial Information - VIE [Member] - CNY (¥)
¥ in Thousands

12 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2022

Current assets:

Cash and cash equivalents

¥ 311,071

¥ 422,076

Short-term investments

50,213

Accounts receivable, net

16,083

12,203

Amounts due from related parties

4,488

29,116

Amounts due from intra-Group companies

149,820

Inventory, net

Prepayments and other current assets

180,818

123,734

Total current assets

662,286

637,342

Property and equipment, net

1,330

2,646

Operating lease right-of-use assets

26,848

41,654

Deferred tax assets

847

2,084

Other non-current assets

10,945

12,347

Total non-current assets

39,970

58,731

TOTAL ASSETS

702,256

696,073

Accounts payables

61,888

62,094

Accrued expenses and other current liabilities

151,918

124,532

Amounts due to intra-Group companies

32,714

17,000

Income tax payable

9,642

8,794

Contract liabilities, current portion

380,548

517,213

Advance from customers

159,806

144,397

Operating lease liabilities, current portion

23,782

21,425

Total current liabilities

820,298

895,455

Contract liabilities, non-current portion

11,365

Operating lease liabilities, non-current portion

6,317

23,786

Total non-current liabilities

17,682

23,793

TOTAL LIABILITIES

837,980

919,248

Revenues:

Total revenues

3,786,570

3,081,334

¥ 2,867,218

Cost of revenues and operating expenses

Total cost of revenues and operating expenses

(3,725,757)

(3,093,461)

(2,806,425)

Net (loss)/income

69,773

(15,092)

62,712

Cash flows from operating activities:

Net cash provided by transactions with third parties

644,984

548,728

495,719

Net cash used in transactions with intra-Group companies related to technical consulting and related service under VIE Contractual Agreements

(713,732)

(415,703)

(239,597)

Net cash provided by operating activities

(68,748)

133,025

256,122

Cash flows from investing activities:

Net cash (used in)/provided by transactions with third parties

56,305

9,786

(31,836)

Net cash (used in)/provided by transactions with related parties

24,386

(5,912)

Net cash (used in)/provided by transactions with intra-Group companies*

^[1]

(141,984)

155,960

(155,960)

Net cash (used in)/provided by investing activities

(85,679)

190,132

(193,708)

Cash flows from financing activities:

Net cash provided by/(used in) transactions with Predecessors

(3,691)

Net cash used in transactions with third parties

(2,250)

(1,530)

Net cash provided by/ (used in) transactions with intra-Group companies

45,672

17,000

Net cash provided by/ (used in) financing activities

43,422

15,470

(3,691)

- earned from third-party customers [Member]

Revenues:

Total revenues

3,752,463

2,933,413

2,822,508

- earned from a related party [Member]

Revenues:

Total revenues

34,107

147,921

44,710

- arising from non intra-Group transactions [Member]

Cost of revenues and operating expenses

Total cost of revenues and operating expenses

(3,052,384)

(2,701,287)

(2,576,144)

- arising from the intra-Group technical consulting and related service under VIE Contractual Agreements [Member]

Cost of revenues and operating expenses

Total cost of revenues and operating expenses

¥ (673,373)

¥ (392,174)

¥ (230,281)

[1]

Short-Term Investments (Tables)

12 Months Ended

Jun. 30, 2024

Short-Term Investments [Abstract]

Schedule of the Fair Value Hierarchy for the Group’s Assets and Liabilities

The following table presents the fair value hierarchy for the Group’s short-term investments that are measured and recorded at fair value on a recurring basis as of June 30, 2023 and 2024:

June 30, 2023	Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Balance at Fair Value
	RMB		RMB		RMB		RMB

Assets
Wealth management products⁽ⁱ⁾		-		50,213		-		50,213
Investment in private fund⁽ⁱⁱ⁾		-		-		58,223		58,223
Investment in structured notes⁽ⁱⁱⁱ⁾		-		57,867		-		57,867
Total		-		108,080		58,223		166,303

June 30, 2024	Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Balance at Fair Value
	RMB		RMB		RMB		RMB

Assets
Wealth management products⁽ⁱ⁾		-		246,195		-		246,195
Total		-		246,195		-		246,195

(i)

(ii)

(iii)

Schedule of Fair Value of the Investments Classified as a Level 3 Measurement

The following table summarizes the activities related to fair value of the investments classified as a Level 3 measurement:

	For the years ended June 30,
	2023			2024
	RMB			RMB

Fair value of Level 3 investments at beginning of the year		-			58,223
Investment made		87,885			-
Transfer from Level 2 investments		-			57,867
Redemption		(36,028	)		(116,270	)
Gain/(loss)		401			1,274
Exchange adjustment		5,965			(1,094	)
Fair value of Level 3 investments at end of the year		58,223			-

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

Organization and Principal Activities (Details) - Schedule of Cost of Revenues, Sales and Marketing Expenses, Research and Development Expenses, and General and Administrative Expenses Allocated - Predecessor [Member] ¥ in Thousands	12 Months Ended
	Jun. 30, 2022 CNY (¥)
Schedule of Cost of Revenues, Sales and Marketing Expenses, Research and Development Expenses, and General and Administrative Expenses Allocated [Line Items]
Cost of revenues	¥ 11,061
Sales and marketing expenses	39,578
Research and development expenses	31,324
General and administrative expenses	28,677
Total	110,640
Share Based Compensation [Member]
Schedule of Cost of Revenues, Sales and Marketing Expenses, Research and Development Expenses, and General and Administrative Expenses Allocated [Line Items]
Cost of revenues	10,984
Sales and marketing expenses	32,406
Research and development expenses	30,986
General and administrative expenses	26,612
Total	100,988
Others [Member]
Schedule of Cost of Revenues, Sales and Marketing Expenses, Research and Development Expenses, and General and Administrative Expenses Allocated [Line Items]
Cost of revenues	77
Sales and marketing expenses	7,172
Research and development expenses	338
General and administrative expenses	2,065
Total	¥ 9,652

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

+ Details

Prepayments and Other Current Assets (Details) - Schedule of Prepaid Expenses and Other Current Assets
¥ in Thousands

Jun. 30, 2024

CNY (¥)

Jun. 30, 2024

USD ($)

Jun. 30, 2023

CNY (¥)

Schedule of Prepaid Expenses and Other Current Assets [Abstract]

Receivables from third party payment platforms

^[1]

¥ 94,138

¥ 22,533

Prepayments for promotion fees

67,163

65,832

Receivable from an issuer of matured structured notes (Note 11)

58,213

$ 58,213

Prepaid other service fees

^[2]

21,122

25,281

Prepaid input value-added tax

^[3]

12,358

360

Receivables from financial institutions security account

^[4]

11,972

Deposits

5,101

3,500

Prepayments for products procurement

^[5]

974

13,543

Others

4,508

5,632

Total

¥ 275,549

$ 37,917,000

¥ 136,681

[1]	Receivables from third party payment platforms consist of cash that has been received from course participants but held by the third-party payment platforms. The Group subsequently collected the full balance from the third-party payment platforms.
[2]	Prepaid other service fees consist of prepayment of cloud server hosting fees and others.
[3]	Prepaid input value-added tax consists of VAT input that is expected to offset with VAT output tax or to be transferred out in the future.
[4]	Receivables from financial institutions security account consists of deposit in financial institutions security account for share repurchase purpose.
[5]	Prepayments for products procurement represent prepayments made to third-party suppliers for the procurement of products for the Group’s consumer business.

Segment Information (Details) - Schedule of Summary of the Group’s Segment Information ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
Revenues:
Total revenues	¥ 3,795,331	$ 522,255	¥ 3,081,381	¥ 2,867,974
Cost of revenue:
Total cost of revenue	(550,310)	(75,725)	(391,498)	(408,757)
Gross profit:
Total gross profit	3,245,021	$ 446,530	2,689,883	2,459,217
Learning service and others [Member]
Revenues:
Total revenues	3,621,370		3,076,565
Cost of revenue:
Total cost of revenue	(447,753)		(387,576)
Gross profit:
Total gross profit	3,173,617		2,688,989
Consumer business [Member]
Revenues:
Total revenues	173,961		4,816
Cost of revenue:
Total cost of revenue	(102,557)		(3,922)
Gross profit:
Total gross profit	¥ 71,404		¥ 894

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

+ Details

- Definition

Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.

+ References

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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Share Based Compensation Expenses (Details) - Schedule of Summary of Activities of Restricted Shares - Restricted Shares [Member] - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, unvested beginning	6,755,330	13,660,660
Weighted- average grant date fair value, unvested beginning	$ 0.06	$ 0.07
Number of shares, granted
Weighted- average grant date fair value, granted
Number of shares, vested	(6,755,330)	(6,905,330)
Weighted- average grant date fair value, vested	$ 0.06	$ 0.08
Number of shares, unvested ending		6,755,330
Weighted- average grant date fair value, unvested ending		$ 0.06

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 35
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Paragraph 2
-Subparagraph (c)(1)(iv)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
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-Subparagraph (c)(1)(iv)(04)
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Subparagraph (c)(2)(i)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Related Party Transactions (Details) - Schedule of Related Party Transactions
¥ in Thousands

12 Months Ended

Jun. 30, 2024

CNY (¥)

Jun. 30, 2024

USD ($)

Jun. 30, 2023

CNY (¥)

Jun. 30, 2022

CNY (¥)

Transactions recorded in revenue

^[1]

¥ 34,107

¥ 147,921

¥ 44,710

(ii) Other transactions

—Repayment of borrowings from related parties

(146,182)

—Borrowings from related parties

122,833

—Lending to related parties

(2,243)

(129,427)

—Repayment of lending to related parties

24,629

109,389

—Disposal of subsidiaries to related parties

^[2]

¥ 2,000

¥ 20,000

[1]	Beijing Feierlai has been providing marketing services to Beijing Baichuan Insurance Brokerage Co., Ltd. by referring learners to purchase insurance policies and earned commissions for the service, which was recorded as revenues from related parties subsequent to the disposal of Baichuan (Note 20).
[2]	The Group disposed of ChangYou Star to Beijing Shanronghaina Network Technology Co., Ltd. at a consideration of RMB22,000 (Note 20), of which RMB20,000 and RMB2,000 was received during the year ended June 30, 2022 and 2023, respectively.

Property and equipment, net (Tables)

12 Months Ended

Jun. 30, 2024

Property and Equipment, Net [Abstract]

Schedule of Property and Equipment, Net

Property and equipment, net as of June 30, 2023 and 2024 consist of the following:

	As of June 30,
	2023			2024
	RMB			RMB
Leasehold improvement		5,423			8,032
Computer and electronic equipment		6,351			7,234
Furniture and mechanical equipment		-			88
Total		11,774			15,354
Less: Accumulated depreciation		(4,365	)		(8,785	)
Property and equipment, net		7,409			6,569

Restricted Net Assets and Parent Company Only Condensed Financial Information (Details) - Schedule of Condensed Statements of Cash Flows - Parent Company [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
Schedule of Condensed Statements of Cash Flows [Line Items]
Net cash used in operating activities	¥ (8,427)	$ (1,160)	¥ (13,082)	¥ (49)
Cash flows from investing activities:
Loan provided to subsidiaries	(117,217)	(16,130)	(215,277)	(127,165)
Loan repaid by subsidiaries	235,424	32,395	100,937	80,049
Purchase of short-term investments			(145,652)
Proceeds from short-term investments	59,520	8,190	36,300
Net cash (used in)/provided by investing activities	177,727	24,455	(223,692)	(47,116)
Cash flows from financing activities:
Contribution from Predecessors				76,178
Proceeds from loans from Predecessors				50,986
Repayment of loans to Predecessors				(79,981)
Proceeds from exercise of share options	2,467	339
Repurchase of ADSs	(130,409)	(17,945)
Proceeds from issuance of Class A ordinary shares upon the completion of IPO (net of issuance costs paid)			256,764
Net cash provided by/(used in) financing activities	(127,942)	(17,606)	256,764	47,183
Effect of exchange rate changes on cash and cash equivalents	(138)	(16)	3,461
Net increase in cash and cash equivalents	41,220	5,673	23,451	18
Cash and cash equivalents at beginning of the year	23,469	3,229	18
Cash and cash equivalents at end of the year	¥ 64,689	$ 8,902	¥ 23,469	¥ 18

Prepayments and Other Current Assets

12 Months Ended

Jun. 30, 2024

Prepayments and Other Current Assets [Abstract]

Prepayments and other current assets

Prepayments and other current assets

Prepaid expenses and other current assets as of June 30, 2023 and 2024, consist of the following:

	As of June 30,
	2023		2024
	RMB		RMB

Receivables from third party payment platforms ⁽ⁱ⁾		22,533		94,138
Prepayments for promotion fees		65,832		67,163
Receivable from an issuer of matured structured notes (Note 11)		-		58,213
Prepaid other service fees⁽ⁱⁱ⁾		25,281		21,122
Prepaid input value-added tax⁽ⁱⁱⁱ⁾		360		12,358
Receivables from financial institutions security account^(iv)		-		11,972
Deposits		3,500		5,101
Prepayments for products procurement^(v)		13,543		974
Others		5,632		4,508
Total		136,681		275,549

(i)

(ii)

Prepaid other service fees consist of prepayment of cloud server hosting fees and others.

(iii)

Prepaid input value-added tax consists of VAT input that is expected to offset with VAT output tax or to be transferred out in the future.

(iv)

Receivables from financial institutions security account consists of deposit in financial institutions security account for share repurchase purpose.

(v)

Prepayments for products procurement represent prepayments made to third-party suppliers for the procurement of products for the Group’s consumer business.

Concentration and Risks (Details) - Schedule of Net Accounts Receivable - Customer Concentration Risk [Member] - Accounts Receivable [Member]

12 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Customer A [Member]

Concentration Risk [Line Items]

Accounts receivables, net

^[1]

21.20%

70.40%

Customer B [Member]

Concentration Risk [Line Items]

Accounts receivables, net

24.60%

^[2]

Customer C [Member]

Concentration Risk [Line Items]

Accounts receivables, net

23.70%

^[2]

Customer D [Member]

Concentration Risk [Line Items]

Accounts receivables, net

10.90%

^[2]

[1]

[2]

The percentage was below 10% for the period.

Long-Term Investments (Details) - Schedule of Long Term Investments
¥ in Thousands, $ in Thousands

Jun. 30, 2024

CNY (¥)

Jun. 30, 2024

USD ($)

Jun. 30, 2023

CNY (¥)

Jun. 30, 2023

USD ($)

Long-Term Investments [Abstract]

Equity investment

^[1]

¥ 3,002

Investment accounted for at fair value

^[2]

6,008

Total

¥ 9,010

$ 1,240

[1]

[2]

- Definition

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

+ References + Details

Long-Term Investments (Details) ¥ in Thousands, $ in Thousands			1 Months Ended
	Jun. 30, 2024 CNY (¥)	Mar. 20, 2024 CNY (¥)	May 31, 2024 USD ($) shares
Long-Term Investments [Line Items]
Aggregate capital contribution \| ¥		¥ 100,000
Initial capital contribution \| ¥	¥ 3,000
CAYMAN ISLANDS
Long-Term Investments [Line Items]
Shares issuance of investment \| shares			12,500,000
Cash \| $			$ 500
Advertising services \| $			$ 343
Group [Member]
Long-Term Investments [Line Items]
Equity method ownership, percentage		43.29%

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References + Details

Lease (Details) - Schedule of Operating Leases ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2024 USD ($)
Schedule of Operating Leases [Abstract]
Operating lease right-of-use assets, net	¥ 58,889	¥ 84,009		$ 8,103
Operating lease liabilities-current	49,099	41,092		6,756
Operating lease liabilities-non current	16,989	52,840		$ 2,338
Operating lease expenses	44,854	37,484	¥ 21,943
Short-term lease expenses	227	2,272	2,730
Cash paid for amounts included in the measurement of operating lease liabilities	48,176	25,151	20,854
Right-of-use assets obtained in exchange for operating lease obligations	¥ 16,258	¥ 95,206	¥ 28,091
Weighted average remaining lease term (in years)	1 year 5 months 8 days	2 years 2 months 19 days		1 year 5 months 8 days
Weighted average discount rate	4.75%	4.75%		4.75%

Restricted Net Assets and Parent Company Only Condensed Financial Information (Details) - Schedule of Condensed Statements of Operations and Comprehensive Loss - Parent Company [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
Schedule of Condensed Statements of Operations and Comprehensive Loss [Line Items]
Revenues
Cost of revenues	(13,651)	(1,878)	(26,486)	(27,583)
Gross Profit	(13,651)	(1,878)	(26,486)	(27,583)
Operating expenses:
Sales and marketing expenses	2,653	365	(52,182)	(86,682)
Research and development expenses	(1,887)	(260)	(49,047)	(120,558)
General and administrative expenses	(28,706)	(3,950)	(72,164)	(57,287)
Total operating expenses	(27,940)	(3,845)	(173,393)	(264,527)
Loss from operations	(41,591)	(5,723)	(199,879)	(292,110)
Other (loss)/income:
Interest income	2,020	278	74
Others, net	6,841	941	680
Share of (loss)/income from subsidiaries	348,484	47,953	105,565	(4,028)
Income/(loss) from the VIEs	69,773	9,601	(14,977)	62,712
(Loss)/Income before income tax	385,527	53,050	(108,537)	(233,426)
Income tax expense
Net (loss)/income	385,527	53,050	(108,537)	(233,426)
Allocation of accretion of Predecessors’ preferred shares				(22,655)
Accretion of the Company’s preferred shares			(22,379)	(2,987)
Net (loss)/income attributable to ordinary shareholders of QuantaSing Group Limited	385,527	53,050	(130,916)	(259,068)
Other comprehensive income/(loss)
Foreign currency translation adjustments, net of nil tax	(4,869)	(670)	20,343	1,839
Total other comprehensive income/(loss)	(4,869)	(670)	20,343	1,839
Total comprehensive (loss)/income	¥ 380,658	$ 52,380	¥ (88,194)	¥ (231,587)

Summary of Significant Accounting Policies (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024 CNY (¥) segments	Jun. 30, 2024 USD ($) segments	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2024 USD ($)	Jul. 01, 2023 CNY (¥)	Jul. 01, 2022 CNY (¥)	Jul. 01, 2021 CNY (¥)
Summary of Significant Accounting Policies [Line Items]
Convenience rate	US$1.00=RMB7.2672	US$1.00=RMB7.2672
Impairment charge in goodwill	¥ 7,389	$ 1,017
Carrying value of goodwill (in Dollars)	7,389
Impairment loss on long-lived assets	2,652
Long-lived assets (in Dollars) \| $		$ 365
Breakage revenue	161,467
Contract liabilities						¥ 517,213	¥ 384,729	¥ 267,729
Aggregate amount of tranasaction price	396,592
Recognized revenue	385,227		517,213		$ 53,009
Advertising and marketing promotion expenses	1,956,352		1,743,473	1,590,886
Employee benefits	73,812		124,922	¥ 111,698
Accruals for estimated underpaid amounts	¥ 41,687		¥ 51,645
Value added tax rate	6.00%				6.00%
Number of segments (in segments) \| segments	2	2
Goodwill [Member]
Summary of Significant Accounting Policies [Line Items]
Carrying value of goodwill (in Dollars) \| $

Taxation (Details) - Schedule of Changes in Valuation Allowance - CNY (¥) ¥ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Schedule of Changes in Valuation Allowance [Abstract]
Balance at beginning of the year	¥ (94,975)	¥ (84,406)	¥ (65,235)
(Additions)/Reversal	39,831	(10,569)	(19,171)
Balance at end of the year	¥ (55,144)	¥ (94,975)	¥ (84,406)

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 779,931	$ 107,322	¥ 764,281
Restricted cash	160	22
Short-term investments	246,195	33,878	166,303
Accounts receivable, net	16,676	2,295	12,251
Amounts due from related parties	4,488		29,116
Inventory, net	6,345	873
Prepayments and other current assets	275,549	37,917	136,681
Total current assets	1,329,344	182,925	1,108,632
Non-current assets:
Property and equipment, net	6,569	904	7,409
Long-term investments	9,010	1,240
Operating lease right-of-use assets	58,889	8,103	84,009
Deferred tax assets	847	117	2,084
Other non-current assets	21,360	2,939	21,296
Total non-current assets	96,675	13,303	114,798
TOTAL ASSETS	1,426,019	196,228	1,223,430
Current liabilities:
Accounts payables (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB62,094 and RMB61,888 as of June 30, 2023 and 2024, respectively)	62,066	8,541	62,094
Accrued expenses and other current liabilities (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB124,532 and RMB151,918 as of June 30,2023 and 2024, respectively)	190,508	26,215	171,160
Income tax payable (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB8,794 and RMB9,642 as of June 30, 2023 and 2024, respectively)	20,399	2,807	8,794
Contract liabilities, current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB517,213 and RMB380,548 as of June 30, 2023 and 2024, respectively)	385,227	53,009	517,213
Advance from customers (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB144,397 and RMB159,806 as of June 30, 2023 and 2024, respectively)	162,257	22,327	144,397
Operating lease liabilities, current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB21,425 and RMB23,782 as of June 30, 2023 and 2024, respectively)	49,099	6,756	41,092
Total current liabilities	869,556	119,655	944,750
Non-current liabilities:
Contract liabilities, non-current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB7 and RMB11,365 as of June 30, 2023 and 2024, respectively)	11,365	1,564	7
Operating lease liabilities, non-current portion (including amounts of the consolidated VIEs without recourse to the primary beneficiary of RMB23,786 and RMB6,317 as of June 30, 2023 and 2024, respectively)	16,989	2,338	52,840
Deferred tax liabilities (including amounts of the consolidated VIEs without recourse to the primary beneficiary of nil as of June 30, 2023 and 2024, respectively)	11,625	1,600
Total non-current liabilities	39,979	5,502	52,847
TOTAL LIABILITIES	909,535	125,157	997,597
Commitments and contingencies
SHAREHOLDERS’ EQUITY
Treasury stock	(109,257)	(15,034)
Additional paid-in capital	1,192,474	164,090	1,171,092
Accumulated other comprehensive income	17,313	2,382	22,182
Accumulative deficit	(584,161)	(80,383)	(969,688)
TOTAL QUANTASING GROUP LIMITED SHAREHOLDERS’ EQUITY	516,484	71,071	223,698
Non-controlling interests			2,135
TOTAL SHAREHOLDERS’ EQUITY	516,484	71,071	225,833
TOTAL LIABILITIES, AND SHAREHOLDERS’ EQUITY	1,426,019	196,228	1,223,430
Related Party
Current assets:
Amounts due from related parties	4,488	618	29,116
Class A Ordinary Shares
SHAREHOLDERS’ EQUITY
Ordinary shares, value	81	11	78
Class B Ordinary Shares
SHAREHOLDERS’ EQUITY
Ordinary shares, value	¥ 34	$ 5	¥ 34

Property and equipment, net

12 Months Ended

Jun. 30, 2024

Property and Equipment, Net [Abstract]

Property and equipment, net

Property and equipment, net

Property and equipment, net as of June 30, 2023 and 2024 consist of the following:

	As of June 30,
	2023			2024
	RMB			RMB
Leasehold improvement		5,423			8,032
Computer and electronic equipment		6,351			7,234
Furniture and mechanical equipment		-			88
Total		11,774			15,354
Less: Accumulated depreciation		(4,365	)		(8,785	)
Property and equipment, net		7,409			6,569

Depreciation expenses for the years ended June 30, 2022, 2023 and 2024 were RMB4,016, RMB3,714 and RMB4,546 respectively.

Segment Information (Tables)

12 Months Ended

Jun. 30, 2024

Segment Information [Abstract]

Schedule of Summary of the Group’s Segment Results

	For the years ended June 30,
	2023			2024
	RMB			RMB

Revenues:
Learning service and others		3,076,565			3,621,370
Consumer business		4,816			173,961
Total revenues		3,081,381			3,795,331

Cost of revenue:
Learning service and others		(387,576	)		(447,753	)
Consumer business		(3,922	)		(102,557	)
Total cost of revenue		(391,498	)		(550,310	)

Gross profit:
Learning service and others		2,688,989			3,173,617
Consumer business		894			71,404
Total gross profit		2,689,883			3,245,021

Preferred Shares (Details) - Schedule of Preferred Shares Activities ¥ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥) shares
Schedule of Preferred Shares Activities [Line Items]
Balance (in Shares) \| shares	100,843,631
Balance	¥ 664,160
Balance (in Shares) \| shares
Balance
Accretion of preferred share redemption value	¥ 22,379
Conversion of preferred shares to ordinary shares upon the completion of the IPO (in Shares) \| shares	100,843,631
Conversion of preferred shares to ordinary shares upon the completion of the IPO	¥ 686,539
Series A [Member]
Schedule of Preferred Shares Activities [Line Items]
Balance (in Shares) \| shares	22,000,000
Balance	¥ 82,002
Balance (in Shares) \| shares
Balance
Accretion of preferred share redemption value
Conversion of preferred shares to ordinary shares upon the completion of the IPO (in Shares) \| shares	22,000,000
Conversion of preferred shares to ordinary shares upon the completion of the IPO	¥ 82,002
Series B [Member]
Schedule of Preferred Shares Activities [Line Items]
Balance (in Shares) \| shares	23,983,789
Balance	¥ 94,833
Balance (in Shares) \| shares
Balance
Accretion of preferred share redemption value
Conversion of preferred shares to ordinary shares upon the completion of the IPO (in Shares) \| shares	23,983,789
Conversion of preferred shares to ordinary shares upon the completion of the IPO	¥ 94,833
Series B-1 [Member]
Schedule of Preferred Shares Activities [Line Items]
Balance (in Shares) \| shares	7,913,872
Balance	¥ 33,612
Balance (in Shares) \| shares
Balance
Accretion of preferred share redemption value
Conversion of preferred shares to ordinary shares upon the completion of the IPO (in Shares) \| shares	7,913,872
Conversion of preferred shares to ordinary shares upon the completion of the IPO	¥ 33,612
Series C [Member]
Schedule of Preferred Shares Activities [Line Items]
Balance (in Shares) \| shares	20,327,789
Balance	¥ 108,892
Balance (in Shares) \| shares
Balance
Accretion of preferred share redemption value	¥ 2,894
Conversion of preferred shares to ordinary shares upon the completion of the IPO (in Shares) \| shares	20,327,789
Conversion of preferred shares to ordinary shares upon the completion of the IPO	¥ 111,786
Series D [Member]
Schedule of Preferred Shares Activities [Line Items]
Balance (in Shares) \| shares	11,818,754
Balance	¥ 104,156
Balance (in Shares) \| shares
Balance
Accretion of preferred share redemption value	¥ 5,643
Conversion of preferred shares to ordinary shares upon the completion of the IPO (in Shares) \| shares	11,818,754
Conversion of preferred shares to ordinary shares upon the completion of the IPO	¥ 109,799
Series E [Member]
Schedule of Preferred Shares Activities [Line Items]
Balance (in Shares) \| shares	14,799,427
Balance	¥ 240,665
Balance (in Shares) \| shares
Balance
Accretion of preferred share redemption value	¥ 13,842
Conversion of preferred shares to ordinary shares upon the completion of the IPO (in Shares) \| shares	14,799,427
Conversion of preferred shares to ordinary shares upon the completion of the IPO	¥ 254,507

Share Based Compensation Expenses (Details) $ / shares in Units, ¥ in Thousands, $ in Thousands																	11 Months Ended	12 Months Ended
	Jun. 30, 2024 CNY (¥) shares	Dec. 29, 2023 shares	Jun. 30, 2023 CNY (¥) shares	Dec. 20, 2022 shares	Nov. 30, 2022 shares	Aug. 31, 2022 shares	Aug. 13, 2022 shares	Jun. 30, 2022 CNY (¥) shares	Jun. 01, 2022 CNY (¥) shares	May 31, 2022 CNY (¥) shares	May 31, 2021 CNY (¥) shares	Apr. 01, 2021	Sep. 01, 2020 $ / shares shares	Aug. 13, 2020 $ / shares shares	Apr. 25, 2018 $ / shares shares	Apr. 25, 2017 shares	May 31, 2022 shares	Jun. 30, 2024 CNY (¥) shares	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 CNY (¥) shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 CNY (¥) shares	Jun. 30, 2022 CNY (¥) $ / shares shares	Jun. 30, 2021 CNY (¥) shares	Jun. 30, 2024 $ / shares	Jun. 30, 2023 $ / shares	Apr. 23, 2018 shares
Share Based Compensation Expenses [Line Items]
Share based compensation expenses \| ¥																		¥ 27,757		¥ 191,632		¥ 291,429
Shares option granted						70,000												4,217,652	4,217,652	3,375,000	3,375,000	2,298,000
Weighted average grant date fair value (in Dollars per share) \| $ / shares																			$ 0.39		$ 3.77		$ 2.56
Amount recognized as deemed dividend																						¥ (10,365)
Unrecognized share-based compensation expenses (in Yuan Renminbi) \| ¥	¥ 38,162		¥ 119,847					¥ 227,395										¥ 38,162		¥ 119,847		¥ 227,395	$ 227,395
Expected to be recognized over a weighted-average period	1 year 11 months 26 days		1 year 5 months 15 days					2 years 4 months 20 days
Restricted shares																63,000,200
Granted restricted shares															20,353,910
Price per share (in Dollars per share) \| $ / shares															$ 0.0001
Repurchase shares														1,640,444				4,681,353	4,681,353
Fair value of ordinary shares (in Dollars per share) \| $ / shares														$ 0.49
Restriction of ordinary shares held by the founder description																		In November 2020, these options were approved by the board to be exercised as 600,000 Class A ordinary shares, and the Founder agreed with Witty network to classify 150,000, out of the 600,000 Class A ordinary shares as additional Restricted Shares, with 50% of these shares vested on August 13, 2021 and 2022 respectively. In addition, the Founder further agreed with Witty network that 410,111 Class B ordinary shares of the previously granted Restricted Shares were vested immediately, while the remaining 13,510,660 Class B ordinary shares, being the unvested Restricted Shares, were also modified with 50% vested on August 13, 2021 and 2022 respectively. Such modification did not have any material impact on the fair value of these share options.	In November 2020, these options were approved by the board to be exercised as 600,000 Class A ordinary shares, and the Founder agreed with Witty network to classify 150,000, out of the 600,000 Class A ordinary shares as additional Restricted Shares, with 50% of these shares vested on August 13, 2021 and 2022 respectively. In addition, the Founder further agreed with Witty network that 410,111 Class B ordinary shares of the previously granted Restricted Shares were vested immediately, while the remaining 13,510,660 Class B ordinary shares, being the unvested Restricted Shares, were also modified with 50% vested on August 13, 2021 and 2022 respectively. Such modification did not have any material impact on the fair value of these share options.
Unvested restricted shares														13,920,770
Founder Co [Member]
Share Based Compensation Expenses [Line Items]
Vesting percentage															25.00%
Minimum [Member]
Share Based Compensation Expenses [Line Items]
Weighted average grant date fair value (in Dollars per share) \| $ / shares																			$ 0.53		$ 3.8		$ 3.08
Restricted share percentage																25.00%
Minimum [Member] \| Founder [Member]
Share Based Compensation Expenses [Line Items]
Vesting percentage															25.00%
Maximum [Member]
Share Based Compensation Expenses [Line Items]
Weighted average grant date fair value (in Dollars per share) \| $ / shares																			$ 1.2		$ 3.93		3.87
Restricted share percentage																75.00%
Maximum [Member] \| Founder [Member]
Share Based Compensation Expenses [Line Items]
Vesting percentage															75.00%
2018 WN Plan [Member]
Share Based Compensation Expenses [Line Items]
Minimum aggregate of issued shares											21,717,118																22,317,118
Share based compensation options vested rate												25.00%					25.00%
Incremental fair value of option											14,358,812
Fair value of the modified awards \| ¥											¥ 253,673
incremental vested fair value (in Yuan Renminbi) \| ¥											¥ 35,617
2021 Plan [Member]
Share Based Compensation Expenses [Line Items]
Minimum aggregate of issued shares										21,717,118							21,717,118
Share based compensation options vested rate						25.00%
Fair value of the modified awards																		¥ 7,460	$ 17,224
incremental vested fair value (in Yuan Renminbi) \| ¥										¥ 117,520
Addition number of ordinary shares				16,523,627
Shares option granted					3,305,000													7,190,000	7,190,000
Employees [Member]
Share Based Compensation Expenses [Line Items]
Share based compensation expenses \| ¥																		¥ 27,757		¥ 191,583
Share option held by employee																		230,577	230,577	274,500	274,500
Weighted average exercise price (in Dollars per share) \| $ / shares																									$ 0.66	$ 0.61
Weighted average remaining contractual years																		8 years 2 months 23 days	8 years 2 months 23 days	8 years 11 months 1 day	8 years 11 months 1 day
Options were vested and exercisable	144,382		141,750															144,382		141,750
Vested weighted average exercise price (in Dollars per share) \| $ / shares																									$ 0.69	$ 0.55
Weighted average remaining contractual years																		8 years 10 days	8 years 10 days	8 years 11 months 1 day	8 years 11 months 1 day
Aggregate intrinsic value of the outstanding options (in Yuan Renminbi) \| ¥	¥ 49		¥ 4,364															¥ 49		¥ 4,364
Aggregate intrinsic value of exercisable options (in Yuan Renminbi) \| ¥	¥ 11		¥ 2,319															11		¥ 2,319
Employees [Member] \| 2021 Plan [Member]
Share Based Compensation Expenses [Line Items]
Shares option granted		57,791								510,500
Restricted Stock [Member]
Share Based Compensation Expenses [Line Items]
Share based compensation expenses \| ¥									¥ 71
Shares option granted
Weighted average grant date fair value (in Dollars per share) \| $ / shares
Price per share (in Dollars per share) \| $ / shares														$ 1.18
Repurchase shares														1,640,444
Vested share option							6,755,330
Unvested restricted shares								6,755,330	75,000													6,755,330	6,755,330	13,660,660
Founder [Member]
Share Based Compensation Expenses [Line Items]
Price per share (in Dollars per share) \| $ / shares													$ 0.85
Predecessors [Member]
Share Based Compensation Expenses [Line Items]
Share based compensation expenses																						¥ 100,988
Executive Officer [Member] \| 2021 Plan [Member]
Share Based Compensation Expenses [Line Items]
Fair value of the modified awards \| ¥																		¥ 6,449
Shares option granted																		500,000	500,000
Predecessors to Employees [Member]
Share Based Compensation Expenses [Line Items]
Share based compensation expenses																						¥ 100,629
Founder Co [Member]
Share Based Compensation Expenses [Line Items]
Restricted ordinary shares															13,036,792
Founder [Member]
Share Based Compensation Expenses [Line Items]
Granted restricted shares															55,683,082
Vested share option													600,000

Restricted Net Assets and Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Jun. 30, 2024

Restricted Net Assets and Parent Company Only Condensed Financial Information [Abstract]

Schedule of Condensed Balance Sheets

Condensed balance sheets

	As of June 30,
	2023			2024			2024
	RMB			RMB			US$

ASSETS
Current assets:
Cash and cash equivalents		23,469			64,689			8,902
Short-term investments		116,090			-			-
Amounts due from intra-Group companies		121,685			62,153			8,553
Prepayments and other current assets		4,798			75,760			10,424
Total current assets		266,042			202,602			27,879
Investment in subsidiaries		183,216			453,384			62,388
Total non-current assets		183,216			453,384			62,388
TOTAL ASSETS		449,258			655,986			90,267
Accrued expenses and other current liabilities		250			300			41
Amounts due to intra-Group companies		-			3,478			479
Total current liabilities		250			3,778			520
Net liabilities of the VIEs		225,310			135,724			18,676
Total non-current liabilities		225,310			135,724			18,676
TOTAL LIABILITIES		225,560			139,502			19,196
SHAREHOLDERS’ EQUITY
Class A ordinary shares		78			81			11
Class B ordinary shares		34			34			5
Treasury stock		-			(109,257	)		(15,034	)
Additional paid-in capital		1,171,092			1,192,474			164,090
Accumulated other comprehensive income		22,182			17,313			2,382
Accumulative deficit		(969,688	)		(584,161	)		(80,383	)
TOTAL SHAREHOLDERS’ EQUITY		223,698			516,484			71,071
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		449,258			655,986			90,267

Schedule of Condensed Statements of Operations and Comprehensive Loss

Condensed statements of operations and comprehensive (loss)/income

	For the years ended June 30,
	2022			2023			2024			2024
	RMB			RMB			RMB			US$

Revenues		-			-			-			-
Cost of revenues		(27,583	)		(26,486	)		(13,651	)		(1,878	)
Gross Profit		(27,583	)		(26,486	)		(13,651	)		(1,878	)
Operating expenses:
Sales and marketing expenses		(86,682	)		(52,182	)		2,653			365
Research and development expenses		(120,558	)		(49,047	)		(1,887	)		(260	)
General and administrative expenses		(57,287	)		(72,164	)		(28,706	)		(3,950	)
Total operating expenses		(264,527	)		(173,393	)		(27,940	)		(3,845	)
Loss from operations		(292,110	)		(199,879	)		(41,591	)		(5,723	)
Other (loss)/income:
Interest income		-			74			2,020			278
Others, net		-			680			6,841			941
Share of (loss)/income from subsidiaries		(4,028	)		105,565			348,484			47,953
Income/(loss) from the VIEs		62,712			(14,977	)		69,773			9,601
(Loss)/Income before income tax		(233,426	)		(108,537	)		385,527			53,050
Income tax expense		-			-			-			-
Net (loss)/income		(233,426	)		(108,537	)		385,527			53,050
Allocation of accretion of Predecessors’ preferred shares		(22,655	)		-			-			-
Accretion of the Company’s preferred shares		(2,987	)		(22,379	)		-			-
Net (loss)/income attributable to ordinary shareholders of QuantaSing Group Limited		(259,068	)		(130,916	)		385,527			53,050

Net (loss)/income		(233,426	)		(108,537	)		385,527			53,050
Other comprehensive income/(loss)
Foreign currency translation adjustments, net of nil tax		1,839			20,343			(4,869	)		(670	)
Total other comprehensive income/(loss)		1,839			20,343			(4,869	)		(670	)
Total comprehensive (loss)/income		(231,587	)		(88,194	)		380,658			52,380

Schedule of Condensed Statements of Cash Flows

Condensed statements of cash flows

	For the years ended June 30,
	2022			2023			2024			2024
	RMB			RMB			RMB			US$

Net cash used in operating activities		(49	)		(13,082	)		(8,427	)		(1,160	)

Cash flows from investing activities:
Loan provided to subsidiaries		(127,165	)		(215,277	)		(117,217	)		(16,130	)
Loan repaid by subsidiaries		80,049			100,937			235,424			32,395
Purchase of short-term investments		-			(145,652	)		-			-
Proceeds from short-term investments		-			36,300			59,520			8,190
Net cash (used in)/provided by investing activities		(47,116	)		(223,692	)		177,727			24,455

Cash flows from financing activities:
Contribution from Predecessors		76,178			-			-			-
Proceeds from loans from Predecessors		50,986			-			-			-
Repayment of loans to Predecessors		(79,981	)		-			-			-
Proceeds from exercise of share options		-			-			2,467			339
Repurchase of ADSs		-			-			(130,409	)		(17,945	)
Proceeds from issuance of Class A ordinary shares upon the completion of IPO (net of issuance costs paid)		-			256,764			-			-
Net cash provided by/(used in) financing activities		47,183			256,764			(127,942	)		(17,606	)
Effect of exchange rate changes on cash and cash equivalents		-			3,461			(138	)		(16	)
Net increase in cash and cash equivalents		18			23,451			41,220			5,673
Cash and cash equivalents at beginning of the year		-			18			23,469			3,229
Cash and cash equivalents at end of the year		18			23,469			64,689			8,902

Summary of Significant Accounting Policies (Details) - Schedule of Intangible Assets Estimated Useful Lives	Jun. 30, 2024
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	5 months
Insurance brokerage license [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	52 months
Minimum [Member] \| Software [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	1 year
Maximum [Member] \| Software [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	2 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Short-Term Investments (Details) - Schedule of Fair Value of the Investments Classified as a Level 3 Measurement - Level 3 [Member] - CNY (¥) ¥ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Fair Value of the Investments Classified as a Level 3 Measurement [Line Items]
Fair value of Level 3 investments at beginning of the year	¥ 58,223
Investment made		87,885
Transfer from Level 2 investments	57,867
Redemption	(116,270)	(36,028)
Gain/(loss)	1,274	401
Exchange adjustment	(1,094)	5,965
Fair value of Level 3 investments at end of the year		¥ 58,223

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Concentration and Risks

12 Months Ended

Jun. 30, 2024

Concentration and Risks [Abstract]

Concentration and risks

Concentration and risks

Concentration of foreign currency risk

The Group’s operating transactions are mainly denominated in RMB. RMB is not freely convertible into foreign currencies. The value of the RMB is subject to changes by the central government policies and to international economic and political developments. In the PRC, certain foreign exchange transactions are required by law to be transacted only through authorized financial institutions at exchange rates set by the People’s Bank of China (the “PBOC”). Remittances in currencies other than RMB by the Group in the PRC must be processed through PBOC or other PRC foreign exchange regulatory bodies which require certain supporting documents in order to effect the remittances. As of June 30, 2023, the Group’s cash and cash equivalents and short-term investments denominated in RMB were RMB625,698, accounting for 67.24% of the Group’s total cash and cash equivalents and short-term investments. As of June 30, 2024, the Group’s cash and cash equivalents, restricted cash and short-term investments denominated in RMB were RMB890,644, accounting for 86.78% of the Group’s total cash and cash equivalents, restricted cash and short-term investments.

Concentration of customers and suppliers

There were no customers accounted for more than 10% of the Group’s total revenues for the years ended June 30, 2022, 2023 and 2024 respectively. There were one and four customers individually accounted for more than 10% of the Group’s net accounts receivable as of June 30, 2023 and 2024, respectively.

	As of June 30,
	2023			2024
Accounts receivables, net
Customer A**		70.4	%		21.2	%
Customer B			*		24.6	%
Customer C			*		23.7	%
Customer D			*		10.9	%

The percentage was below 10% for the period.

There was one supplier, i.e. an advertising and marketing promotion agency, which individually accounted for 10.1% of the Group’s total costs and expenses for the year ended June 30, 2024. There was no supplier which individually accounted for more than 10% of the Group’s total costs and expenses for the years ended June 30, 2022 and 2023.

Credit and concentration risk

Financial instruments that potentially expose the Group to significant concentration of credit risk primarily consist of cash and cash equivalents, restricted cash and short-term investment. As of June 30, 2023, and 2024, substantially all the Group’s cash and cash equivalents, restricted cash and short-term investments were held in major financial institutions located in Mainland China and Hong Kong, which management considered to be of high credit quality.

Accrued Expenses and Other Current Liabilities

12 Months Ended

Jun. 30, 2024

Accrued Expenses and Other Current Liabilities [Abstract]

Accrued expenses and other current liabilities

Accrued expenses and other current liabilities

The following table summarized the Group’s outstanding accrued expenses and other current liabilities as of June 30, 2023 and 2024, respectively:

	As of June 30,
	2023		2024
	RMB		RMB

Accrued employee payroll and welfare benefits		128,097		75,686
Other accrued expense		23,501		72,846
Other tax payable		18,640		21,201
Refund liability⁽ⁱ⁾		513		19,282
Others		409		1,493
Total accrued expenses and other current liabilities		171,160		190,508

(i)

Refund liability represents the estimated amounts of consideration collected by the Group which it expects to refund to its customers according to refund policy as described in Note 2(v).