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Short-Term Investments (Details) - CNY (¥) ¥ in Thousands	1 Months Ended	12 Months Ended
Short-Term Investments (Details) - CNY (¥) ¥ in Thousands	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Short-Term Investments (Details) [Line Items]
Cash consideration	¥ 5,000
Short-Term Investments [Member]
Short-Term Investments (Details) [Line Items]
Investment income		¥ 177		¥ 653

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2023

Income Taxes [Abstract]

Schedule of the Income Tax Benefit

The components of the income tax expense (benefit) are as follows:

	Years ended June 30,
	2021			2022			2023		2023
	RMB			RMB			RMB		US$

Current		1,072			1,464			1,160		160
Deferred		(10,680	)		(2,389	)		7,425		1,024
Total income tax expense (benefit)		(9,608	)		(925	)		8,585		1,184

Schedule of the Deferred Income Tax Assets and Liabilities

The principal components of the deferred income tax assets and liabilities are as follows:

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$
Deferred tax assets:
Tax loss carry forward		28,314		26,104		3,600
Allowance for doubtful accounts, credit losses and impairment losses		1,723		1,723		238
Advertising expense		-		7,931		1,094
Intangible assets and other temporary book/tax differences		-		2,478		341
Subtotal		30,037		38,236		5,273
Less: valuation allowances		6,059		21,684		2,990
Total		23,978		16,552		2,283

Schedule of Reconciliation between the Statutory Tax Rate to Income before Income Taxes

Reconciliation between the statutory tax rate to income before income taxes and the actual provision for income taxes is as follows:

	Years ended June 30,
	2021			2022			2023			2023
	RMB			RMB			RMB			US$

PRC		(54,265	)		(60,049	)		(32,676	)		(4,506	)
Hong Kong		(85	)		(140	)		(502	)		(69	)
Others		(1,324	)		(1,403	)		(1,814	)		(251	)
Total loss from operations before income taxes		(55,674	)		(61,592	)		(34,992	)		(4,826	)
PRC income tax statutory rate		25	%		25	%		25	%		25	%
Income tax benefit at statutory tax rate		(13,919	)		(15,398	)		(8,748	)		(1,206	)
Preferential tax treatments		403			7,186			3,262			450
Super deduction of qualified R&D expenditures		(360	)		-			(138	)		(19	)
Expenses not deductible for tax purposes		998			695			500			69
Uncertain tax provision		2,800			1,400			260			36
Deferred tax effect of tax rate change		-			768			(5,751	)		(793	)
Impact of different tax rates in other jurisdictions		354			385			579			80
True-up temporary book/tax differences		-			-			2,123			293
Disposal of a subsidiary		-			-			(6,561	)		(905	)
Others		(114	)		264			8			1
Valuation allowances		230			3,775			23,051			3,178
Income tax expense (benefit)		(9,608	)		(925	)		8,585			1,184

Schedule of Movements of Unrecognized Tax Benefits

Movements of unrecognized tax benefits are as follows:

	RMB		US$
Balance as of July 1, 2020		9,300		1,316
Provisions for uncertain tax positions during the year ended June 30, 2021		2,800		434
Balance as of June 30, 2021		12,100		1,874
Provisions for uncertain tax positions during the year ended June 30, 2022		1,400		209
Balance as of June 30, 2022		13,500		2,015
Provisions for uncertain tax positions during the year ended June 30, 2023		260		36
Balance as of June 30, 2023		13,760		1,898

Loss Per Share (Details) - Schedule of Basic and Diluted Net Loss Per Ordinary Share (Parentheticals)	12 Months Ended
	Jun. 30, 2023 ¥ / shares	Jun. 30, 2023 $ / shares	Jun. 30, 2022 ¥ / shares	Jun. 30, 2021 ¥ / shares
Schedule of Basic and Diluted Net Income Loss Per Ordinary Share [Abstract]
Diluted net loss per ordinary share \| (per share)	¥ (0.482)	$ (0.066)	¥ (0.671)	¥ (0.513)

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

Income Taxes

12 Months Ended

Jun. 30, 2023

Income Taxes [Abstract]

INCOME TAXES

15.

INCOME TAXES

The Group and its subsidiaries, and the VIEs file tax returns separately.

Cayman Islands

The Group is incorporated in the Cayman Islands. Under the current laws of the Cayman Islands, the Group is not subject to income or capital gains taxes. In addition, dividend payments are not subject to withholdings tax in the Cayman Islands.

British Virgin Islands

The Group’s subsidiary incorporated in the BVI is not subject to taxation.

Hong Kong

On March 21, 2018, the Hong Kong Legislative Council passed The Inland Revenue (Amendment) (No. 7) Bill 2017 (the “Bill”) which introduces the two-tiered profits tax rates regime. The Bill was signed into law on March 28, 2018 and was gazette on the following day. Under the two-tiered profits tax rates regime, the first 2 million Hong Kong Dollar (“HKD”) of profits of the qualifying group entity will be taxed at 8.25%, and profits above HKD2 million will be taxed at 16.5%.

PRC

The Group’s subsidiary and the VIEs incorporated in PRC are subject to PRC Enterprise Income Tax (“EIT”) law. Pursuant to the relevant laws and regulations in the PRC, beginning from January 1, 2020, Puyi Bohui has been qualified for west development taxation preference and subject to an income tax rate of 15%. Shenzhen Zhongxiang is qualified for Shenzhen Qianhai modern services cooperation district entity tax preference and is subject to an income tax rate for 15%, and Shenzhen Zhongxiang was sold to a third-party in March 2023. Chongqing Fengyi and Puyi Consulting are qualified for west development taxation preference and are subject to an income tax rate for 15%. Based on the operating status of Puyi Dake, it has been certified as a High and New Technology Enterprise (“HNTE”), thus enjoys a preferential tax treatment of an income tax rate of 15%. Puyi Family Office and other PRC subsidiaries are subject to a standard 25% EIT.

The components of the income tax expense (benefit) are as follows:

	Years ended June 30,
	2021			2022			2023		2023
	RMB			RMB			RMB		US$

Current		1,072			1,464			1,160		160
Deferred		(10,680	)		(2,389	)		7,425		1,024
Total income tax expense (benefit)		(9,608	)		(925	)		8,585		1,184

The principal components of the deferred income tax assets and liabilities are as follows:

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$
Deferred tax assets:
Tax loss carry forward		28,314		26,104		3,600
Allowance for doubtful accounts, credit losses and impairment losses		1,723		1,723		238
Advertising expense		-		7,931		1,094
Intangible assets and other temporary book/tax differences		-		2,478		341
Subtotal		30,037		38,236		5,273
Less: valuation allowances		6,059		21,684		2,990
Total		23,978		16,552		2,283

The Group considers positive and negative evidence to determine whether some portion or all of the deferred tax assets will more-likely-than-not be realized. This assessment considers, among other matters, the nature, frequency and severity of recent losses, forecasts of future profitability, the duration of statutory carry forward periods, the Group’s experience with tax attributes expiring unused and tax planning alternatives. Valuation allowances have been established for deferred tax assets based on a more-likely-than-not threshold. The Group’s ability to realize deferred tax assets depends on its ability to generate sufficient taxable income within the carry forward periods provided for in the tax law. The Group has provided RMB6,059 and RMB21,684 valuation allowance for the years ended June 30, 2022 and 2023, respectively. The net change of valuation allowance during the year ended June 30, 2023 was RMB15,625, including an increase of RMB23,051 partially offset by a deduction of RMB7,426 due to the disposal of a subsidiary.

The Group had total tax loss carry-forwards of RMB184,258 and RMB149,477 as of June 30, 2022 and 2023, respectively. The decrease in the tax loss carry-forwards was mainly due to the disposal of a subsidiary. As of June 30, 2023, the tax loss carry-forwards will expire between the calendar years 2024 through 2028. For the years ended June 30, 2022 and 2023, there was no tax loss carried forward expired and canceled.

Reconciliation between the statutory tax rate to income before income taxes and the actual provision for income taxes is as follows:

	Years ended June 30,
	2021			2022			2023			2023
	RMB			RMB			RMB			US$

PRC		(54,265	)		(60,049	)		(32,676	)		(4,506	)
Hong Kong		(85	)		(140	)		(502	)		(69	)
Others		(1,324	)		(1,403	)		(1,814	)		(251	)
Total loss from operations before income taxes		(55,674	)		(61,592	)		(34,992	)		(4,826	)
PRC income tax statutory rate		25	%		25	%		25	%		25	%
Income tax benefit at statutory tax rate		(13,919	)		(15,398	)		(8,748	)		(1,206	)
Preferential tax treatments		403			7,186			3,262			450
Super deduction of qualified R&D expenditures		(360	)		-			(138	)		(19	)
Expenses not deductible for tax purposes		998			695			500			69
Uncertain tax provision		2,800			1,400			260			36
Deferred tax effect of tax rate change		-			768			(5,751	)		(793	)
Impact of different tax rates in other jurisdictions		354			385			579			80
True-up temporary book/tax differences		-			-			2,123			293
Disposal of a subsidiary		-			-			(6,561	)		(905	)
Others		(114	)		264			8			1
Valuation allowances		230			3,775			23,051			3,178
Income tax expense (benefit)		(9,608	)		(925	)		8,585			1,184

The current PRC EIT Law imposes a 10% withholding income tax for dividends distributed by foreign invested enterprises to their immediate holding companies outside the PRC. A lower withholding tax rate will be applied if there is a tax treaty arrangement between the PRC and the jurisdiction of the foreign holding company. Distributions to holding companies in Hong Kong that satisfy certain requirements specified by PRC tax authorities, for example, will be subject to a 5% withholding tax rate.

As of June 30, 2022 and 2023, the Group had not recorded any withholding tax on the retained earnings of its foreign invested enterprises in the PRC, since the Group intends to reinvest its earnings to further expand its business in mainland China, and its foreign invested enterprises do not intend to declare dividends to their immediate foreign holding companies.

The Group analyzes its uncertain income tax positions concerning transfer pricing on a regular basis, which were primarily concerned with sales activities conducted among the subsidiaries and the VIEs that had different income tax rates (ranging from nil to 25%) and the amount of taxes that could have been paid additionally, in aggregation, had those sales activities were conducted among subsidiaries and the VIEs without any preferential income tax rates. When such potential impact is identified, the Group recognizes 100% of the calculated income tax exposure as an income tax expense and other tax liabilities.

The Group evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of June 30, 2021, 2022 and 2023 the Group had RMB12,100, RMB13,500 and RMB13,760 of unrecognized tax benefits that if recognized would affect the annual effective tax rate. We recognize interest accrued related to unrecognized tax benefits and penalties as income tax expense. For years ended June 30, 2021, 2022 and 2023 the Group recognized no interest or penalty expense related to unrecognized tax benefits.

Movements of unrecognized tax benefits are as follows:

	RMB		US$
Balance as of July 1, 2020		9,300		1,316
Provisions for uncertain tax positions during the year ended June 30, 2021		2,800		434
Balance as of June 30, 2021		12,100		1,874
Provisions for uncertain tax positions during the year ended June 30, 2022		1,400		209
Balance as of June 30, 2022		13,500		2,015
Provisions for uncertain tax positions during the year ended June 30, 2023		260		36
Balance as of June 30, 2023		13,760		1,898

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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+ Details

Related Party Transactions (Details) - Schedule of Amounts Due from Related Parties ¥ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Schedule of Amounts Due from Related Parties [Abstract]
Total			¥ 2,895
Total			(1,500)
Total			(292)
Fanhua Lianxing [Member]
Schedule of Amounts Due from Related Parties [Abstract]
Total			2,895
Total			(1,500)
Fanhua Yuntong [Member]
Schedule of Amounts Due from Related Parties [Abstract]
Total			¥ (292)

Subsequent Events

12 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

23. SUBSEQUENT EVENTS

The Group has evaluated subsequent events through the issuance of the consolidated financial statements and no subsequent event has been identified that would have required adjustment or disclosure in the consolidated financial statements.

Consolidated Statements of Operations and Comprehensive Loss (Parentheticals)	12 Months Ended
	Jun. 30, 2023 ¥ / shares shares	Jun. 30, 2023 $ / shares shares	Jun. 30, 2022 ¥ / shares shares	Jun. 30, 2021 ¥ / shares shares
Net loss per share, diluted \| (per share)	¥ (0.482)	$ (0.066)	¥ (0.671)	¥ (0.513)
Diluted (in Shares)	90,472,014	90,472,014	90,472,014	90,472,014
American Depositary Share
Net loss per share, diluted \| (per share)	¥ (0.722)	$ (0.100)	¥ (1.006)	¥ (0.770)

- Definition

The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Section 45
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-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-1

+ Details

Organization and Principal Activities (Details) - Schedule of Financial Statements Amounts and Balances of the VIE - Variable Interest Entities [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2023 USD ($)
Condensed Financial Statements, Captions [Line Items]
Total assets	¥ 192,175		¥ 353,941		$ 26,502
Total liabilities	89,242		227,967		$ 12,307
Net revenues	87,728	$ 12,098	159,181	¥ 193,013
Net loss	¥ (23,041)	$ (3,177)	¥ (33,613)	¥ (41,727)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ 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

+ Details

Leases (Details) - Schedule of Maturities of Lease Liabilities ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Schedule of Maturities of Lease Liabilities [Abstract]
2024	¥ 5,378	$ 741
2025	4,744	654
2026	4,355	601
2027	1,115	154
Total remaining undiscounted lease payments	15,592	2,150
Less: Interest	1,126	156
Total present value of lease liabilities	14,466	1,994	¥ 35,148
Less: Current operating lease liabilities	4,793	660	11,889
Non-current operating lease liabilities	¥ 9,673	$ 1,334	¥ 23,259

Summary of Significant Accounting Policies

12 Months Ended

Jun. 30, 2023

Summary of Significant Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a)

Basis of presentation and consolidation

The consolidated financial statements of the Group have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). The consolidated financial statements include the financial statements of the Group, all of its majority-owned subsidiaries and the VIEs of which the Group is the primary beneficiary, from the dates they were acquired or incorporated. All intercompany balances and transactions have been eliminated in consolidation.

(b)

Use of estimates

The preparation of the consolidated financial statements in conformity with US GAAP requires management of the Group to make a number of estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant accounting estimates reflected in the Group’s consolidated financial statements include but are not limited to estimates and judgments applied in the allowance for doubtful loans and receivables, impairment assessment of long-lived assets, valuation allowance for deferred tax assets, fair value measurement of investments, and uncertain tax positions, assumptions related to the consolidation of entities in which the Group holds variable interests. Actual results could differ from those estimates and judgments.

(c)

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand, cash in bank and short-term, highly liquid investments that are readily convertible to known amounts of cash with original maturity of three months or less, and have insignificant risk of changes in value related to changes in interest rates.

(d)

Restricted cash

Restricted cash mainly represents the investors’ uninvested cash balances temporarily deposited in the Group’s bank account. These cash balances were under the custody and supervision of the designated financial institution as required by China Securities Regulatory Commission, for the purpose of preventing misuse of investors’ funds.

(e)

Accounts receivable, other receivables and current assets, and amount due from related parties, net

Accounts receivable, other receivables and current assets and amount due from related parties are recorded at net realizable value consisting of the carrying amount less an allowance for uncollectible accounts as needed. The allowance for doubtful accounts is the Group’s best estimate of the amount of probable credit losses in the Group’s existing accounts receivable, other receivables and current assets and amount due from related parties. The Group determines the allowance based on aging data, historical collection experience, customer specific facts and economic conditions. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Group did not have any off-balance-sheet credit exposure relating to its customers, suppliers or others. As of June 30, 2022 and 2023, the Group recorded RMB6,892 as allowances for doubtful accounts against its accounts receivable, and did not record any allowances for doubtful accounts against its other receivables and current assets and amount due from related parties. The Group did not charge off any allowances for the years ended June 30, 2022 and 2023.

(f)

Short-term loans receivable

The Group recognizes the contractual right to receive money on demand or on fixed or determinable dates as loans receivable. For those that the contractual maturity date is less than one year, the Group records as short-term loans receivable. As of June 30, 2022 and 2023, the Group did not have any short-term loans receivable.

The Group recognized interest income on an accrual basis using the straight-line method over the fixed or determinable dates.

(g)

Investments

The Group accounts for the investments pursuant to FASB ASC Topic 321, Investments-Equity Securities and ASC Topic 323, Investments-Equity Method and Joint Ventures.

As of June 30, 2022, the Group recorded an investment in a private fund as short-term investment on the Consolidated Balance Sheets under the equity method. This investment was classified as short-term because the management believes that the purpose of holding this investment is for effective use of idle cash and the estimated holding period is short-term, and this investment does not have lock-up period and can be redeemed without restriction. Gains or losses were realized when such investments’ fair value changed. In December 2022, the Group redeemed this investment, therefore as of June 30, 2023, the Group did not have any short-term investment.

The Group monitors the investments for impairment indicators and makes appropriate reduction in carrying values as required whenever events or changes in circumstances indicate that the assets may be impaired. If the cost of an investment exceeds the investment’s fair value, the Group considers, among other factors, general market conditions, government economic plans, the duration and the extent to which the fair value of the investment is less than cost and the Group’s intent and ability to hold the investment to determine whether an impairment has occurred. The Group has not recorded an impairment for each of the years ended June 30, 2021, 2022 and 2023.

(h)

Property and equipment, net

Property and equipment are stated at cost less accumulated depreciation and impairment losses, if any. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its existing use. Maintenance, repairs and betterments, including replacement of minor items, are charged to expense; major additions to physical properties are capitalized.

Depreciation and amortization are calculated using the straight-line method over the following estimated useful lives, without residual value:

		Estimated useful life
Office equipment, furniture, fixtures		3-5 years
Motor vehicles		3-5 years
Leasehold improvements		Shorter of the remaining lease terms and estimated useful lives

(i)

Intangible assets, net

Intangible assets represent software and operating system, including the office automatic system, transaction platform and fund distribution systems that were purchased from external third-party vendors. The intangible assets were initially recorded at historic acquisition costs, and amortized on a straight-line basis over estimated useful lives for three years.

Costs associated with the engineering and technical headcounts responsible for software development, as well as their associated costs, are expensed as incurred.

These intangible assets are tested for impairment at the time of a triggering event, if one were to occur. Finite-lived intangible assets may be impaired when the estimated undiscounted future cash flows generated from the assets are less than their carrying amounts. The Group may rely on a qualitative assessment when performing its intangible asset impairment test. Otherwise, the impairment evaluation is performed at the lowest level of identifiable cash flows independent of other assets.

(j)

Impairment of long-lived assets

The Group reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. When these events occur, the Group assesses the recoverability of the long-lived assets by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition where the fair value is lower than the carrying value, measurement of an impairment loss is recognized in the Consolidated Statements of Operations and Comprehensive Loss for the difference between the fair value, using the expected future discounted cash flows, and the carrying value of the assets. No impairment of long-lived assets was recognized for the years ended June 30, 2021, 2022 and 2023.

(k)

Revenue recognition

The Group applies the five-step model outlined in ASC 606, Revenue from Contracts with Customers (“ASC 606”), revenues are accounted for as contracts with customers. Under the guidance for contracts with customers, we are required to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract and (e) recognize revenue when (or as) we satisfy its performance obligations. In determining the transaction price, we have included variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur. Revenues are recorded net of sales related taxes and surcharges.

The Group generates revenues mainly from wealth management, and the Group started to generate revenues from asset management since April 2018 and insurance consulting service since January 2021.

Wealth management

Revenue from wealth management mainly includes distribution commissions and performance-based distribution fees, in a typical arrangement in which the Group serves as distributor.

Distribution commissions

Distribution commissions include one-time commissions and recurring management fees. Distribution commissions are primarily generated from distributions of financial products, including publicly raised fund products, privately raised fund products and other financial products. The Group enters into distribution agreements with financial product issuers which specify the key terms and conditions of the arrangement. Such agreements do not include rights of return, credits or discounts, rebates, price protection or other similar privileges.

The Group defines the “distribution of a financial product” for its revenue recognition purpose at the time when both of the following two criteria are met: (i) the product purchaser (the “investor”) has entered into a purchase or subscription contract with the relevant product issuer or fund manager and the investor has transferred the subscription fund to an escrow account designated by the product issuer or fund manager and (ii) the product issuer or fund manager has issued a formal notice to confirm the distribution of a financial product.

One-time commissions are calculated by multiplying a pre-agreed charge rate with the amount of products distributed, and are recorded at a point in time when the financial product is established or distributed. The Company charges an additional one-time commission fee for publicly raised funds distributed, by multiplying a pre-agreed charge rate with the amount of redemption, when the investor chooses to redeem the financial products. One-time commissions are typically paid on or shortly after the transaction is completed.

The Group also charges recurring management fees from the financial products issuers. Recurring management fees are recorded over time, and determined based on the types of financial products the Group distributes and calculated as either (i) pre-agreed percentage with the daily outstanding balance confirmed with the issuer, prorated daily, (ii) pre-agreed charge rate with the amount of products distributed, prorated by the actual period length of the product, or (iii) as a percentage of the fair value of the total investment in the financial products, calculated daily. Recurring management fees are typically paid on a regular basis (typically quarterly or annually) and are not subject to clawback once determined.

Performance-based distribution fees

Performance-based distribution fees are contributed by the distribution of privately raised fund products. The Group earns performance-based distribution fees from the issuers of the privately raised fund products, which are dependent on the extent by which the fund’s investment performance exceeds a certain threshold at the end of the contract term. Such performance-based fee is typically recognized at a point of time, usually at the end of the contract term when the cumulative return of the fund can be determined, and is not subject to clawback provisions.

Asset management

Revenue from asset management service mainly includes management fees and performance-based carried interest, in a typical arrangement in which the Group serves as the fund manager.

Management fees

Revenue from asset management, includes management fee from the privately raised funds managed by the Group. The single performance obligation is to manage and operate the fund in accordance with the contract throughout the fund duration. Management fees are recognized in the period during which the related services are performed in accordance with the contractual terms of the fund agreements from the established date to the terminated date of the funds. Management fees earned from certain investment funds are based upon a range of up to 2% of capital committed. By unanimous consent among the fund manager, investors and the trustee, the fund could be terminated earlier than the contract period, and the remaining portion of unamortized management fee shall be returned to the investors.

Performance-based carried interest

Performance-based carried interest is contributed by the Group managing and operating of privately raised fund products. The Group earns performance-based carried interest based on the extent by which the fund’s investment performance exceeds a certain threshold. Such performance-based fee is typically calculated and recognized at a point of time when the cumulative return of the fund can be determined, and is not subject to clawback provisions.

Insurance consulting service

Revenue from insurance consulting service mainly includes initial service fees and renewal service fees, in a typical arrangement in which the Group serves as the policyholder referral service provider rather than the principal of the sales of insurance policy.

Initial service fees

Revenue from initial service fees is based on first year premiums contributed by policyholders referred by the Group to insurance agency company, and includes initial commissions, initial promotion bonus and initial performance bonus. The single performance obligation is to provide policyholder referral service to insurance agency company. Initial service fees are recognized at a point of time when the Group satisfies its promise of referring policyholder to insurance agency company and an insurance policy is successfully signed and effective by the policyholder. Initial commissions are determined by multiplying a pre-agreed charge rate with first year premiums. Initial promotion bonus is determined by multiplying a pre-agreed charge rate with certain insurance products’ first year premiums. Initial performance bonus is variable according to different threshold of the total first year premiums. Initial service fees are recognized in the net amount the Group receives from the insurance agency company.

Renewal service fees

Revenue from renewal service fees are based on actual renewal premiums paid by policyholders referred by the Group to insurance agency company, and includes renewal commissions, renewal compensation and renewal performance bonus. Renewal service fees, which are considered as variable consideration, are not included in the initial transaction price and are recorded when it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur, i.e., when a policyholder pays the renewal premium to the insurance company and the policy is renewed, because the Group is not able to conclude a significant reversal to the estimated variable consideration not probable until the contingency resolved. Renewal commissions are determined by multiplying a pre-agreed charge rate with renewal premiums actually paid by the policyholders. Renewal compensation is determined by multiplying a pre-agreed charge rate with certain insurance products’ renewal premiums actually paid by the policyholders. Renewal performance bonus is variable according to different threshold of the total renewal premiums. Renewal service fees are recognized in the net amount the Group receives from the insurance agency company.

Disaggregation of revenue

	Years ended June 30,
	2021		2022		2023
	RMB		RMB		RMB

Wealth management		176,589		171,541		95,013
Distribution commissions		176,573		168,489		93,188
-- One-time commissions recognized at a point in time		109,308		80,943		31,993
-- Recurring management fees recognized over time		67,265		87,546		61,195
Performance-based distribution fees recognized at a point in time		16		3,052		1,825
Asset management		13,464		5,890		1,983
Management fees recognized over time		5,626		3,476		1,887
Performance-based fees recognized at a point in time		7,838		2,414		96
Consulting and other services		1,147		11,310		17,444
Insurance consulting services recognized at a point in time ⁽¹⁾		1,138		9,394		9,649
Other services⁽²⁾		9		1,916		7,795
Total		191,200		188,741		114,440

(1)	Insurance consulting services were started from January 2021, and were recognized at a point in time.

(2)	Other services primarily consist of consulting services for trust and family wealth inheritance recognized at a point in time.

Contract liability

Contract liability relates to unsatisfied performance obligations at the end of each reporting period and consists of cash payment received in advance and was recorded as “Advance receipts” in the Consolidated Balance Sheets. The amount of revenue recognized during the years ended June 30, 2022 and 2023 that was previously included in the contract liabilities balance as of June 30, 2021 and 2022 was nil and RMB1,500, respectively.

(l)

Cost of sales

Cost of sales primarily includes (1) commission costs paid to sales agents based on the pre-agreed percentage and the amount of wealth management product distributions that were directly related to the contributions made by the sales agents, such as the amount of investments they have referred to the Group, and (2) costs related to consulting services for trust and family wealth inheritance.

(m)

Income taxes

The Group follows the guidance of ASC Topic 740 “Income Taxes” and uses liability method to account for income taxes. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Group records a valuation allowance to offset 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. The effect on deferred taxes of a change in tax rates is recognized in Consolidated Statement of Operations and Comprehensive Loss in the period that includes the enactment date.

(n)

Uncertain tax positions

The Group follows the guidance of ASC Topic 740 “Income Taxes”, which prescribes a more-likely-than -not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This Topic also provides guidance on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. The Group recognizes interest on non-payment of income taxes and penalties associated with tax positions when a tax position does not meet more-likely-than-not threshold be sustained under examination. The tax returns of the Group’s PRC subsidiaries and the VIEs are subject to examination by the relevant tax authorities. According to the PRC Tax Administration and Collection Law, the statute of limitations is three years if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent. The statute of limitations is extended to five years under special circumstances, where the underpayment of taxes is more than RMB100. In the case of transfer pricing issues, the statute of limitation is ten years. There is no statute of limitation in the case of tax evasion. For the years ended June 30, 2021, 2022 and 2023, the Group recognized 2,800, RMB1,400 and RMB260 of provisions on its uncertain tax positions based on its analysis over transfer pricing within the income tax expense line item in the accompanying Consolidated Statements of Operations and Comprehensive Loss, and the Group did not recognize any interest and penalties. The accrued provisions and any related interest and penalties balances are included in the “Other tax liabilities” in the Consolidated Balance Sheets.

(o)

Value added tax (“VAT”)

Pursuant to the Provisional Regulation of the PRC on VAT and the related implementing rules, all entities and individuals (“taxpayers”) that are engaged in the service industry in the PRC are generally required to pay VAT at a rate of 6% of the gross sales proceeds received, less any deductible VAT already paid or borne by the taxpayers. The Group’s PRC subsidiaries and the VIEs are subject to VAT at 6% of their revenues.

(p)

Non-controlling interest

A non-controlling interest in a subsidiary of the Group represents the portion of the equity (net assets) in the subsidiary not directly or indirectly attributable to the Group. Non-controlling interests are presented as a separate component of equity on the Consolidated Balance Sheets and net income and other comprehensive income are attributed to controlling and non-controlling interests.

(q)

Fair value of financial instruments

The Group records certain of its financial assets and liabilities at fair value on a recurring basis. Fair value is considered to be 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 considers assumptions that market participants would use when pricing the asset or liability. The established fair value hierarchy 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. The three levels of inputs may be used to measure fair value include:

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 assets 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 assets 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 values of the Group’s financial instruments, including cash and cash equivalents, restricted cash, accounts receivable, short-term investments, advance receipts from third parties, advance receipts from related parties, accounts payable, investors’ deposit, amounts due from and due to related parties, approximate their fair values due to the short-term nature of these instruments.

(r)

Leases

The Group applies Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) when accounting for leases.

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 of the economic benefits from and has the ability to direct the use of the asset. Operating leases are included in operating lease right-of-use assets and operating lease liabilities on the Group’s Consolidated Balance Sheets. Operating lease ROU assets represent the Group’s right to use an underlying asset for the lease term and operating lease liabilities represent the Group’s obligation to make lease payments arising from the lease. The Group uses its estimated incremental borrowing rate as of the commencement date in determining the present value of lease payments. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of lease payments over the lease term at the lease commencement date. To determine the incremental borrowing rate used to calculate the present value of future lease payments, the Group uses information including the Group’s credit rating, interest rates of similar debt instruments of entities with comparable credit ratings, as applicable. Variable components of the lease payments such as utilities, maintenance costs are expensed as incurred and not included in determining the present value. The lease terms include options to extend or terminate the lease when it is reasonably certain that the Group will exercise that option. The Group considers these options, which may be elected at the Group’s sole discretion, in determining the lease term on a lease-by-lease basis. Lease expense is recognized on a straight-line basis over the lease term. The Group has an accounting policy election to exempt leases with an initial term of 12 months or less from being recognized on the balance sheet.

(s)

Foreign currency translation

The Group’s reporting and functional currency is Renminbi (“RMB”). The Group’s operations are principally conducted through the subsidiaries and the VIEs located in the PRC where the RMB is the functional currency. For those subsidiaries and the VIEs which are not located in the PRC and have the functional currency other than RMB, the financial statements are translated from their respective functional currencies into RMB.

Assets and liabilities of the Group’s overseas entities denominated in currencies other than the RMB are translated into RMB at the rates of exchange ruling at the balance sheet date. Equity accounts are translated at historical exchange rates and revenues, expenses, gains and losses are translated using the average rate for the year. Translation adjustments are reported as foreign currency translation adjustment and are shown as a separate component of other comprehensive income in the Consolidated Statements of Operations and Comprehensive Loss.

Translations of amounts from RMB into US$ are solely for the convenience of the reader and were calculated at the rate of US$1.00 = RMB7.2513 on June 30, 2023, representing the certificated exchange rate published by the Federal Reserve Board. No representation is intended to imply that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on June 30, 2023, or at any other rate.

(t)

Segment reporting

The Group uses the management approach to determine operating segments. The management approach considers the internal organization and reporting used by the Group’s chief operating decision maker (“CODM”) for making decisions, allocating resources and assessing performance. The Group’s CODM has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group.

The Group manages its business as a single operating segment engaged in the provision of distribution and managing wealth management services in the PRC. Substantially all of its revenues are derived in the PRC. All long-lived assets are located in PRC.

(u)

Earnings per share (“EPS”)

Basic EPS is calculated by dividing the net income (loss) available to common shareholders by the weighted average number of ordinary shares outstanding during the year. Diluted EPS is calculated by using the weighted average number of ordinary shares outstanding adjusted to include the potentially dilutive effect of outstanding share-based awards, unless their inclusion in the calculation is anti-dilutive.

(v)

Commitments and contingencies

The Group estimated losses from loss contingencies are accrued by a charge to income when information available before financial statements are issued or are available to be issued indicates that it is probable that an asset had been impaired or a liability had been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.

(w)

Recently issued accounting standards

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. This ASU has subsequently been amended by ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-10, ASU 2019-11 and ASU 2020-03. The standard will replace today’s incurred loss approach with an expected loss model for instruments measured at amortized cost. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. This ASU is effective for public entities for annual and interim periods beginning after December 15, 2019, and effective for all other entities for annual and interim periods beginning after December 15, 2022. Early adoption is permitted for all entities for annual periods beginning after December 15, 2018, and interim periods therein. The Company adopted ASU2016-13 from July 1, 2023 and concluded that the adoption of this standard did not have a material impact on its consolidated financial statements.

Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Group’s consolidated financial statements upon adoption.

Contingencies

12 Months Ended

Jun. 30, 2023

Contingencies [Abstract]

CONTINGENCIES

22. CONTINGENCIES

In the ordinary course of business, the Group may be subject to legal proceeding regarding contractual and employment relationships and a variety of other matters. The Group records contingent liabilities resulting from such claims, when a loss is assessed to be probable and the amount of the loss is reasonably estimable.

The Group has no significant pending litigation as of issuance date of the financial statements.

Short-Term Investments

12 Months Ended

Jun. 30, 2023

Short-Term Investments [Abstarct]

SHORT-TERM INVESTMENTS

5. SHORT-TERM INVESTMENTS

The following table summarizes the Group’s investment balances:

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$
Short-term investments
- Private fund product		5,000		-		-
Total short-term investments		5,000		-		-

The Group purchased a private fund product in September 2021 with RMB5 million cash consideration. The Group accounted for this private fund investment using the equity method of accounting since the Group had more than minor interest in this fund. It was classified as short-term investment because the Group believed that the purpose of holding this product is for effective use of idle cash and the Group can redeem this fund without restrictions. The group has redeemed the private equity fund product in December 2022.

The Group recognized an investment income of RMB653 in the year ended June 30, 2021, nil in the year ended June 30, 2022 and an investment loss of RMB177 in the year ended June 30, 2023.

Accounts Receivable, Net

12 Months Ended

Jun. 30, 2023

Accounts Receivable, Net [Abstract]

ACCOUNTS RECEIVABLE, NET

6. ACCOUNTS RECEIVABLE, NET

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$

Accounts receivable		66,399		44,493		6,135
Allowance for doubtful accounts		6,892		6,892		950
Accounts receivable, net		59,507		37,601		5,185

All of the accounts receivable are non-interest bearing.

Accounts receivable mainly represent amounts due from product providers and are recorded net of allowance for doubtful accounts. The Group considers many factors in assessing the collectability of its accounts receivable, such as the age of the amounts due, the product providers’ payment history, creditworthiness, financial conditions of the product providers and industry trend. An allowance for doubtful accounts is recorded in the period in which a loss is determined to be probable. The Group also makes specific allowance if there is strong evidence indicating that the accounts receivable is likely to be unrecoverable. Accounts receivable balances are written off after all collection efforts have been exhausted. The Group recorded allowance for doubtful accounts of RMB6,892 as of June 30, 2022 and 2023. No allowance for doubtful accounts were written off for the years ended June 30, 2022 and 2023.

Organization and Principal Activities (Details) - CNY (¥) ¥ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Sep. 06, 2018
Maximum [Member]
Organization and Principal Activities (Details) [Line Items]
Investable assets (in Yuan Renminbi)	¥ 30
Minimum [Member]
Organization and Principal Activities (Details) [Line Items]
Investable assets (in Yuan Renminbi)	¥ 600
Ms. Yang Yuanfen’s [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interest percentage		0.96%	0.96%
Mr. Yu Haifeng [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interest percentage		99.04%
WFOE [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interest percentage		0.96%

Sundry Income, Net (Tables)

12 Months Ended

Jun. 30, 2023

Sundry Income, Net [Abstract]

Schedule of Components of Sundry Income, Net

Components of sundry income, net are as follows:

	Years ended June 30,
	2021			2022		2023			2023
	RMB			RMB		RMB			US$

Government grants		4,945			4,528		1,682			231
Others		(255	)		509		(22	)		(3	)
Total sundry income, net		4,690			5,037		1,660			228

Income Taxes (Details) - Schedule of the Deferred Income Tax Assets and Liabilities ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Deferred tax assets:
Tax loss carry forward	¥ 26,104	$ 3,600	¥ 28,314
Allowance for doubtful accounts, credit losses and impairment losses	1,723	238	1,723
Advertising expense	7,931	1,094
Intangible assets and other temporary book/tax differences	2,478	341
Subtotal	38,236	5,273	30,037
Less: valuation allowances	21,684	2,990	6,059
Total	¥ 16,552	$ 2,283	¥ 23,978

Intangible Assets, Net (Details) - Schedule of Intangible Assets Net ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Schedule of Intangible Assets Net [Abstract]
Software and operating system	¥ 4,823	$ 665	¥ 6,614
Less: Accumulated amortization	(3,032)	(418)	(5,500)
Intangible assets, net	¥ 1,791	$ 247	¥ 1,114

Short-Term Loans Receivable (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jul. 31, 2023	Dec. 31, 2020
Short Term Debt [Line Items]
Loan received	¥ 110,000	¥ 130,000		¥ 240,000	¥ 40,000
Repaid loan				190,000
Short term loan				¥ 50,000
Accrued interest						¥ 2,893
Minimum [Member]
Short Term Debt [Line Items]
Annual interest rate, percentage	5.00%
Maximum [Member]
Short Term Debt [Line Items]
Annual interest rate, percentage	12.00%
Loans Receivable [Member]
Short Term Debt [Line Items]
Interest income	¥ 6,214	¥ 790	¥ 2,730

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

12 Months Ended

Jun. 30, 2023

CNY (¥)

Jun. 30, 2023

USD ($)

Jun. 30, 2022

CNY (¥)

Jun. 30, 2021

CNY (¥)

Insurance consulting service income accrued from Fanhua Lianxing [Member]

Other services

^[1]

¥ 8,943

$ 1,233

¥ 9,439

¥ 1,146

Insurance consulting service income received from Fanhua Lianxing [Member]

Other services

^[1]

12,375

1,707

7,831

494

Trust consulting service income accrued from Fanhua Lianxing [Member]

Other services

^[2]

5,688

784

1,425

Trust consulting service income received in advance from Fanhua Lianxing [Member]

Other services

^[2]

4,527

624

3,010

Trust consulting service income accrued from Fanhua Yuntong [Member]

Other services

^[3]

Trust consulting service income received from Fanhua Yuntong [Member]

Other services

^[3]

Promotion expense accrued to Fanhua Yuntong [Member]

Selling expense

Selling expense

^[4]

(59)

(8)

1,243

Promotion expense paid to Fanhua Yuntong [Member]

Selling expense

Selling expense

^[4]

¥ 233

$ 32

¥ 975

[1]	Starting from January 2021, the Group cooperated with Fanhua Lianxing and provided insurance consulting service.
[2]	Starting from January 2022, the Group cooperated with Fanhua Lianxing and provided trust consulting service.
[3]	Starting from May 2023, the Group cooperated with Fanhua Yuntong and provided trust consulting service.
[4]	Starting from August 2021, the Group cooperated with Fanhua Yuntong and Fanhua Yuntong provided client referral service to us. The negative amount in year ended June 30, 2023 was due to a reversal of selling expense in previous year.

Income Taxes (Details) - Schedule of Reconciliation between the Statutory Tax Rate to Income before Income Taxes ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
Income Taxes (Details) - Schedule of Reconciliation between the Statutory Tax Rate to Income before Income Taxes [Line Items]
Total loss from operations before income taxes	¥ (34,992)	$ (4,826)	¥ (61,592)	¥ (55,674)
PRC income tax statutory rate	25.00%	25.00%	25.00%	25.00%
Income tax benefit at statutory tax rate	¥ (8,748)	$ (1,206)	¥ (15,398)	¥ (13,919)
Preferential tax treatments	3,262	450	7,186	403
Super deduction of qualified R&D expenditures	(138)	(19)		(360)
Expenses not deductible for tax purposes	500	69	695	998
Uncertain tax provision	260	36	1,400	2,800
Deferred tax effect of tax rate change	(5,751)	(793)	768
Impact of different tax rates in other jurisdictions	579	80	385	354
True-up temporary book/tax differences	2,123	293
Disposal of a subsidiary	(6,561)	(905)
Others	8	1	264	(114)
Valuation allowances	23,051	3,178	3,775	230
Income tax expense (benefit)	8,585	1,184	(925)	(9,608)
PRC [Member]
Income Taxes (Details) - Schedule of Reconciliation between the Statutory Tax Rate to Income before Income Taxes [Line Items]
Total loss from operations before income taxes	(32,676)	(4,506)	(60,049)	(54,265)
Hong Kong [Member]
Income Taxes (Details) - Schedule of Reconciliation between the Statutory Tax Rate to Income before Income Taxes [Line Items]
Total loss from operations before income taxes	(502)	(69)	(140)	(85)
Others [Member]
Income Taxes (Details) - Schedule of Reconciliation between the Statutory Tax Rate to Income before Income Taxes [Line Items]
Total loss from operations before income taxes	¥ (1,814)	$ (251)	¥ (1,403)	¥ (1,324)

Investors' Deposit (Details) ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Investors Deposit [Line Items]
Uninvested cash balances	¥ 8,258	$ 1,139	¥ 118,796

- 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

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
Cash flows from operating activities:
Net loss	¥ (43,577)	$ (6,010)	¥ (60,667)	¥ (46,066)
Adjustments to reconcile net loss to net cash generated from operating activities:
Depreciation	3,545	489	5,603	3,165
Amortization of intangible assets	848	117	832	604
Provision on uncertain tax liability	260	36	1,400	2,800
Investment loss (gain)	177	24		(653)
Interest income			697	2,196
Allowance for deferred tax assets	15,625	2,155	3,775	230
Amortization of right-of-use assets	8,753	1,207	13,636	9,868
Gain on disposal of subsidiaries	(13,737)	(1,894)		(1,237)
Discontinued operations of Baoying				(8)
Loss on disposal of property, plant and equipment	2,951	407
Changes in operating assets and liabilities:
Accounts receivable	21,905	3,021	(4,353)	(17,830)
Other receivables and current assets	5,922	817	2,339	(7,803)
Accounts payable	(5,376)	(741)	(631)	3,262
Investor’s deposit	(110,538)	(15,244)	46,607	69,219
Other payables and accrued expenses	(6,904)	(952)	322	3,415
Advance receipts	(697)	(96)	1,500	(475)
Deferred tax assets	(8,199)	(1,131)	(6,164)	(10,910)
Income taxes payable	(1,779)	(245)	(5)	(1,762)
Amount due from related parties	2,895	399	(2,175)	(721)
Amounts due to related parties	(292)	(40)	292
Lease liabilities	(7,683)	(1,060)	(12,556)	(10,119)
Net cash used in operating activities	(135,901)	(18,741)	(9,548)	(2,825)
Cash flows from investing activities:
Proceeds from disposal of short-term investments	4,823	665		2,653
Purchase of short-term investments			(5,000)
Purchase of property and equipment	(881)	(121)	(4,741)	(8,432)
Prepaid for intangible assets	(20)	(3)	(508)	(13)
Purchase of intangible assets	(977)	(135)	(347)	(601)
Distribution of short-term loans receivable	(110,000)	(15,170)	(130,000)
Collection of short-term loans receivable	110,000	15,170	130,000	50,000
Repayment of loans from related parties				204
Proceeds from disposal of subsidiaries, net of cash deconsolidated	(7,931)	(1,094)		4,179
Net cash provided by (used in) investing activities	(4,986)	(688)	(10,596)	47,990
Cash flows from financing activities:
Net cash provided by financing activities
Net increase (decrease) in cash and cash equivalents, and restricted cash	(140,887)	(19,429)	(20,144)	45,165
Cash and cash equivalents, and restricted cash at beginning of year	313,055	43,172	332,782	288,894
Effect of exchange rate changes on cash and cash equivalents	560	77	417	(1,277)
Cash and cash equivalents, and restricted cash at end of year	172,728	23,820	313,055	332,782
Supplementary disclosure of cash flow information:
Cash paid for income taxes	4	1	5	30
Supplementary disclosure related to operating leases:
New operating lease liabilities arose from obtaining right-of-use assets	3,248	448	27,245	20,317
Change on lease liabilities arose from modification on lease terms	(3,640)	(502)	(474)	(507)
Change on lease liabilities arose from early termination of operating leases	¥ (9,435)	$ (1,301)	¥ (10,739)	¥ (1,287)

Leases

12 Months Ended

Jun. 30, 2023

Leases [Abstract]

LEASES

11. LEASES

The Group’s lease payments for office space leases include fixed rental payments and do not consist of any variable lease payments that depend on an index or a rate. As of June 30, 2022 and 2023, there was no leases that have not yet commenced.

The following represents the aggregate ROU assets and related lease liabilities as of June 30, 2022 and 2023:

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$
Right-of-use assets		34,382		13,607		1,876
Lease liabilities, current		11,889		4,793		660
Lease liabilities, non-current		23,259		9,673		1,334
Total operating lease liabilities		35,148		14,466		1,994

The weighted average lease term and weighted average discount rate as of June 30, 2022 and 2023 were as follows:

	As of June 30,
	2022			2023
Weighted average lease term:
Operating leases		3.31 years			3.25 years
Weighted average discount rate:
Operating leases		4.75	%		4.75	%

The components of lease expenses for the years ended June 30, 2022 and 2023 were as follows:

	Years ended June 30,
	2022		2023		2023
	RMB		RMB		US$

Operating lease expenses		14,757		8,107		1,118
Short-term lease expenses		7,346		2,403		331
Total		22,103		10,510		1,449

Supplemental cash flow information related to leases for the years ended June 30, 2022 and 2023 were as follows:

	Years ended June 30,
	2022			2023			2023
	RMB			RMB			US$
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating lease		13,739			7,059			973
Supplement noncash information
New operating lease liabilities arose from obtaining right-of-use assets		27,245			3,248			448
Change on lease liabilities arose from modification on lease terms		(474	)		(3,640	)		(502	)
Change on lease liabilities arose from early termination of operating leases		(10,739	)		(9,435	)		(1,301	)

Maturities of lease liabilities at June 30, 2022:

	As of June 30,
	2023		2023
	RMB		US$
Year ending June 30:
2024		5,378		741
2025		4,744		654
2026		4,355		601
2027		1,115		154
Total remaining undiscounted lease payments		15,592		2,150
Less: Interest		1,126		156
Total present value of lease liabilities		14,466		1,994
Less: Current operating lease liabilities		4,793		660
Non-current operating lease liabilities		9,673		1,334

Consolidated Balance Sheets (Parentheticals) ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥) ¥ / shares shares	Jun. 30, 2022 CNY (¥) ¥ / shares shares
Accounts payable	¥ 6,292	¥ 11,668
Investors’ deposit	8,258	118,796
Other payables and accrued expenses	9,163	19,445
Lease liabilities, current	4,793	11,889
Income taxes payable	1,757	3,536
Amount due to related parties		292
Advance receipts		1,500
Advance receipts from third parties	803
Lease liabilities, non-current	¥ 9,673	¥ 23,259
Ordinary shares, par value (in Dollars per share and Yuan Renminbi per share) \| (per share)	¥ 0.001	¥ 0.001
Ordinary shares authorized (in Shares) \| shares	2,000,000,000	2,000,000,000
Ordinary shares, issued (in Shares) \| shares	90,472,014	90,472,014
Ordinary shares, outstanding (in Shares) \| shares	90,472,014	90,472,014
VIEs
Accounts payable	¥ 3,668	¥ 11,125
Investors’ deposit	8,258	118,796
Other payables and accrued expenses	56,329	62,479
Lease liabilities, current	2,527	4,855
Income taxes payable	1,753	3,536
Amount due to related parties		292
Advance receipts
Advance receipts from third parties
Other tax liabilities, non-current	11,897	11,730
Lease liabilities, non-current	¥ 4,810	¥ 15,154
Ordinary shares, par value (in Dollars per share and Yuan Renminbi per share) \| ¥ / shares	¥ 0.001	¥ 0.001
Ordinary shares authorized (in Shares) \| shares	2,000,000,000	2,000,000,000
Ordinary shares, issued (in Shares) \| shares	90,472,014	90,472,014
Ordinary shares, outstanding (in Shares) \| shares	90,472,014	90,472,014

Cash, Cash Equivalents and Restricted Cash (Tables)

12 Months Ended

Jun. 30, 2023

Cash, Cash Equivalents and Restricted Cash [Abstract]

Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Consolidated Statements of Cash Flows.

	Years ended June 30,
	2022		2023		2023
	RMB		RMB		US$

Cash and cash equivalent		194,259		164,470		22,681
Restricted cash		118,796		8,258		1,139
Total cash, cash equivalents, and restricted cash shown in the Consolidated Statements of Cash Flows		313,055		172,728		23,820

Related Party Transactions

12 Months Ended

Jun. 30, 2023

RELATED PARTY TRANSACTIONS

18. RELATED PARTY TRANSACTIONS

The following is a list of the related parties with whom the Group conducted significant transactions, and their relationship with the Group:

Related parties		Relationship
Fanhua Inc. (“Fanhua”)		Shareholder of Puyi since September 2018 who has approximately 4.5% of Puyi and shares a common director with the Group.
Fanhua Lianxing Insurance Sales Co., Ltd. (“Fanhua Lianxing”)		Subsidiary of Fanhua Inc.
Fanhua Yuntong Enterprise Management Advisory (Shenzhen) Co., Ltd. (“Fanhua Yuntong”)		Subsidiary of Fanhua Inc.

Related party transactions:

	Years ended June 30,
	Note	2021		2022		2023			2023
		RMB		RMB		RMB			US$
Other services
Insurance consulting service income accrued from Fanhua Lianxing	a		1,146		9,439		8,943			1,233
Insurance consulting service income received from Fanhua Lianxing	a		494		7,831		12,375			1,707
Trust consulting service income accrued from Fanhua Lianxing	b		-		1,425		5,688			784
Trust consulting service income received in advance from Fanhua Lianxing	b		-		3,010		4,527			624
Trust consulting service income accrued from Fanhua Yuntong	c		-		-		20			3
Trust consulting service income received from Fanhua Yuntong	c		-		-		20			3

Selling expense
Promotion expense accrued to Fanhua Yuntong	d		-		1,243		(59	)		(8	)
Promotion expense paid to Fanhua Yuntong	d		-		975		233			32

Notes

(a)	Starting from January 2021, the Group cooperated with Fanhua Lianxing and provided insurance consulting service.

(b)	Starting from January 2022, the Group cooperated with Fanhua Lianxing and provided trust consulting service.

(c)	Starting from May 2023, the Group cooperated with Fanhua Yuntong and provided trust consulting service.

(d)	Starting from August 2021, the Group cooperated with Fanhua Yuntong and Fanhua Yuntong provided client referral service to us. The negative amount in year ended June 30, 2023 was due to a reversal of selling expense in previous year.

Amounts due from related parties:

	As of June 30,
	Note	2022		2023		2023
		RMB		RMB		US$

Fanhua Lianxing	a		2,895		-		-
Total			2,895		-		-

Advance receipts from related parties:

	As of June 30,
	Note	2022			2023		2023
		RMB			RMB		US$

Fanhua Lianxing	b		(1,500	)		-		-
Total			(1,500	)		-		-

Amount due to related parties:

	As of June 30,
	Note	2022			2023		2023
		RMB			RMB		US$

Fanhua Yuntong	d		(292	)		-		-
Total			(292	)		-		-

- 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
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-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
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-Name Accounting Standards Codification
-Section 50
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-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
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-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Subparagraph (SX 210.6-07(2)(c))
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-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: 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)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-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
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-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
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-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

Property and Equipment, Net

12 Months Ended

Jun. 30, 2023

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

9. PROPERTY AND EQUIPMENT, NET

Property and equipment, net, is comprised of the following:

	As of June 30,
	2022			2023			2023
	RMB			RMB			US$

Furniture, office equipment, fixtures		5,151			3,920			541
Leasehold improvements		11,405			737			102
Motor vehicles		1,932			1,932			266
		18,488			6,589			909
Less: Accumulated depreciation		(9,332	)		(5,023	)		(693	)
Property and equipment, net		9,156			1,566			216

Depreciation expense for the years ended June 30, 2021, 2022 and 2023 was RMB3,165, RMB5,603 and RMB3,545, respectively. In the year ended June 30, 2023, the Group recorded disposal loss of furniture, office equipment, fixtures and leasehold improvements of RMB2,915 due to termination of rental offices, such loss is included in operating expenses.

No impairment for property and equipment was recorded for the years ended June 30, 2021, 2022 and 2023.

Income Taxes (Details) - Schedule of the Income Tax Expense Benefit ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
Schedule of the Income Tax Benefit [Abstract]
Current	¥ 1,160	$ 160	¥ 1,464	¥ 1,072
Deferred	7,425	1,024	(2,389)	(10,680)
Total income tax expense (benefit)	¥ 8,585	$ 1,184	¥ (925)	¥ (9,608)

- Definition

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

+ References + Details

Accounts Receivable, Net (Details) - Schedule of Accounts Receivable ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Schedule of Accounts Receivable [Abstract]
Accounts receivable	¥ 44,493	$ 6,135	¥ 66,399
Allowance for doubtful accounts	6,892	950	6,892
Accounts receivable, net	¥ 37,601	$ 5,185	¥ 59,507

Summary of Significant Accounting Policies (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Summary of Significant Accounting Policies [Abstract]
Allowances for doubtful accounts	¥ 6,892	¥ 6,892
Management fees investment , percentage	2.00%
Contract liability		1,500
Uncertain tax positions, description	to the PRC Tax Administration and Collection Law, the statute of limitations is three years if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent. The statute of limitations is extended to five years under special circumstances, where the underpayment of taxes is more than RMB100. In the case of transfer pricing issues, the statute of limitation is ten years.
Provisions on its uncertain tax positions		¥ 1,400	¥ 2,800
VAT percentage of the gross sales	6.00%
VAT percentage	6.00%
Foreign currency translation and change in reporting currency, description	Translations of amounts from RMB into US$ are solely for the convenience of the reader and were calculated at the rate of US$1.00 = RMB7.2513 on June 30, 2023, representing the certificated exchange rate published by the Federal Reserve Board.

Condensed Financial Statements of the Company (Details) - Schedule of Condensed Statements of Financial Position (Parentheticals) - VIEs [Member] - ¥ / shares	Jun. 30, 2023	Jun. 30, 2022
Condensed Balance Sheet Statements, Captions [Line Items]
Ordinary shares, authorized shares	2,000,000,000	2,000,000,000
Ordinary shares, shares issued	90,472,014	90,472,014
Ordinary shares, shares outstanding	90,472,014	90,472,014
Ordinary shares, par value (in Dollars per share and Yuan Renminbi per share)	¥ 0.001	¥ 0.001

Leases (Details) - Schedule of Supplemental Cash Flow Information Related to Leases ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating lease	¥ 7,059	$ 973	¥ 13,739
Supplement noncash information
New operating lease liabilities arose from obtaining right-of-use assets	3,248	448	27,245	¥ 20,317
Change on lease liabilities arose from modification on lease terms	(3,640)	(502)	(474)	(507)
Change on lease liabilities arose from early termination of operating leases	¥ (9,435)	$ (1,301)	¥ (10,739)	¥ (1,287)

Concentrations (Tables)

12 Months Ended

Jun. 30, 2023

Net Revenues [Member]

Concentrations (Tables) [Line Items]

Schedule of Concentration Risks

Details of the customers accounting for 10% or more of total net revenues are as follows:

	Years ended June 30,
	2021		% of net revenues			2022		% of net revenues			2023		2023		% of net revenues
	RMB					RMB					RMB		US$

Company A		29,264		15.3	%		35,611		18.9	%		*		*		*
Company B		122,723		64.2	%		47,642		25.2	%		15,360		2,118		13.4	%
Company C		*		*			*		*			14,631		2,018		12.8	%
		151,987		79.5	%		83,253		44.1	%		29,991		4,136		26.2	%

*	represented less than 10% of total net revenues for the year then ended.

Accounts Receivable [Member]

Concentrations (Tables) [Line Items]

Schedule of Concentration Risks

Details of the customers which accounted for 10% or more of accounts receivable, net are as follows:

	As of June 30,
	2022		%			2023		2023		%
	RMB					RMB		US$

Company A		40,762		68.5	%		20,311		2,801		54.0	%
Company B		6,078		10.2	%		*		*		*
		46,840		78.7	%		20,311		2,801		54.0	%

*	represented less than 10% of accounts receivable for the year then ended.

Other Receivables and Current Assets (Details) - Schedule of Other Receivables and Current Assets ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Schedule Of Other Receivables [Abstract]
Advances to staff	¥ 589	$ 81	¥ 855
Prepayments to service providers	4,523	624	5,252
Rental deposits	2,554	352	5,523
Income tax prepayments			2,666
Consideration receivable from disposal of a subsidiary	20,000	2,759
Other			2
Other receivables and current assets	¥ 27,666	$ 3,816	¥ 14,298

Loss Per Share

12 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

LOSS PER SHARE

16. LOSS PER SHARE

The computation of basic and diluted net loss per ordinary share is as follows:

	Years ended June 30,
	2021			2022			2023			2023
	RMB			RMB			RMB			US$
Numerator:
Net loss		(46,066	)		(60,667	)		(43,577	)		(6,010	)
Less: Net income (loss) attributable to the non-controlling interests		304			-			-			-
Net loss attributable to the Group’s shareholders		(46,370	)		(60,667	)		(43,577	)		(6,010	)

Denominator:
Weighted average number of ordinary shares outstanding		90,472,014			90,472,014			90,472,014			90,472,014

Basic & diluted net loss per ordinary share		(0.513	)		(0.671	)		(0.482	)		(0.066	)

Sundry Income, Net (Details) - Schedule of Components of Sundry Income, Net ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
Schedule of Components of Sundry Income, Net [Abstract]
Government grants	¥ 1,682	$ 231	¥ 4,528	¥ 4,945
Others	(22)	(3)	509	(255)
Total sundry income, net	¥ 1,660	$ 228	¥ 5,037	¥ 4,690

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 164,470	$ 22,681	¥ 194,259
Restricted cash	8,258	1,139	118,796
Accounts receivable, net	37,601	5,185	59,507
Short-term investments			5,000
Other receivables and current assets	27,666	3,816	14,298
Total current assets	237,995	32,821	394,755
Property and equipment, net	1,566	216	9,156
Intangible assets, net	1,791	247	1,114
Long-term prepayments	22	3	551
Deferred tax assets	16,552	2,283	23,978
Right-of-use assets	13,607	1,876	34,382
Total assets	271,533	37,446	463,936
Current liabilities:
Accounts payable (including the VIEs amount without recourse to the Company of RMB11,125 and RMB3,668 as of June 30, 2022 and 2023, respectively)	6,292	868	11,668
Investors’ deposit (including the VIEs amount without recourse to the Company of RMB118,796 and RMB8,258 as of June 30, 2022 and 2023, respectively)	8,258	1,139	118,796
Other payables and accrued expenses (including the VIEs amount without recourse to the Company of RMB62,479 and RMB56,329 as of June 30, 2022 and 2023, respectively)	9,163	1,264	19,445
Lease liabilities, current (including the VIEs amount without recourse to the Company of RMB4,855 and RMB2,527 as of June 30, 2022 and 2023, respectively)	4,793	660	11,889
Income taxes payable (including the VIEs amount without recourse to the Company of RMB3,536 and RMB1,753 as of June 30, 2022 and 2023, respectively)	1,757	242	3,536
Amount due to related parties (including the VIEs amount without recourse to the Company of RMB292 and nil as of June 30, 2022 and 2023, respectively)			292
Advance receipts from related parties (including the VIEs amount without recourse to the Company of nil and nil as of June 30, 2022 and 2023, respectively)			1,500
Advance receipts from third parties (including the VIEs amount without recourse to the Company of nil and nil as of June 30, 2022 and 2023, respectively)	803	111
Total current liabilities	31,066	4,284	167,126
Other tax liabilities, non-current (including the VIEs amount without recourse to the Company of RMB 11,730 and RMB11,897 as of June 30, 2022 and 2023, respectively)	13,760	1,898	13,500
Lease liabilities, non-current (including the VIEs amount without recourse to the Company of RMB15,154 and RMB4,810 as of June 30, 2022 and 2023, respectively)	9,673	1,334	23,259
Total liabilities	54,499	7,516	203,885
Commitments and contingencies
EQUITY:
Ordinary shares (2,000,000,000 shares at US$0.001 each authorized, and 90,472,014 shares issued and outstanding as of June 30, 2022 and 2023)	600	83	600
Additional paid-in capital	224,694	30,987	224,694
Statutory reserves	23,071	3,182	23,314
Retained earnings	(31,498)	(4,345)	11,836
Accumulated other comprehensive income (loss)	167	23	(393)
Total equity	217,034	29,930	260,051
Total liabilities and equity	271,533	37,446	463,936
Amount due from related parties
Current assets:
Amount due from related parties			¥ 2,895

Loss Per Share (Tables)

12 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Loss Per Ordinary Share

The computation of basic and diluted net loss per ordinary share is as follows:

	Years ended June 30,
	2021			2022			2023			2023
	RMB			RMB			RMB			US$
Numerator:
Net loss		(46,066	)		(60,667	)		(43,577	)		(6,010	)
Less: Net income (loss) attributable to the non-controlling interests		304			-			-			-
Net loss attributable to the Group’s shareholders		(46,370	)		(60,667	)		(43,577	)		(6,010	)

Denominator:
Weighted average number of ordinary shares outstanding		90,472,014			90,472,014			90,472,014			90,472,014

Basic & diluted net loss per ordinary share		(0.513	)		(0.671	)		(0.482	)		(0.066	)

Intangible Assets, Net (Tables)

12 Months Ended

Jun. 30, 2023

Intangible Assets, Net [Abstract]

Schedule of Intangible Assets Net

	As of June 30,
	2022			2023			2023
	RMB			RMB			US$

Software and operating system		6,614			4,823			665
Less: Accumulated amortization		(5,500	)		(3,032	)		(418	)
Intangible assets, net		1,114			1,791			247

Organization and Principal Activities

12 Months Ended

Jun. 30, 2023

Organization and Principal Activities [Abstract]

ORGANIZATION AND PRINCIPAL ACTIVITIES

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

Puyi Inc. (“Puyi”, or the “Company”), whose principal shareholder is Mr. Yu Haifeng, is a holding company incorporated on August 6, 2018 in Cayman Islands, and listed on the Nasdaq on March 29, 2019. The Company, its subsidiaries and the consolidated variable interest entities (the “VIEs”) are collectively referred to as the “Group”.

The Group primarily provides wealth management services to China’s large and growing emerging middle class and affluent population, whom are defined as those with at least RMB30 and RMB600 in investable assets, respectively.

The Company’s subsidiaries and the VIEs as of June 30, 2023 include the following:

Name	Date of incorporation/ acquired	Place of incorporation	Percentage of effective ownership			Principal Activities
Wholly owned subsidiaries
Puyi Group	July 2018	BVI		100	%	Holding company
Puyi Holdings (Hong Kong) Limited (“Puyi HK”)	July 2018	Hong Kong		100	%	Holding company
Puyi Enterprises Management Consulting Co., Ltd. (“Puyi Consulting” or the Wholly Foreign-Owned Enterprise “WFOE”)	August 2018	Chengdu		100	%	WFOE
Puyi Dake	May 2020	Chengdu		100	%	Information technology
Puyi Family Office	February 2023	Chengdu		100	%	Trust consulting
Variable Interest Entities (“VIEs”)
Puyi Bohui	April 2012	Chengdu		100	%	Information technology
Puyi Fund	November 2010	Chengdu		100	%	Fund product distribution
Puyi Asset	May 2013	Shenzhen		100	%	Asset management
Chongqing Fengyi	December 2016	Chongqing		100	%	Corporate financing business

Effective on September 6, 2018, Mr. Yu Haifeng and Ms. Yang Yuanfen, then shareholders of Puyi Bohui, and WFOE entered into a series of contractual agreements (“VIE Agreements” which are described below). On June 30, 2022, WFOE has duly purchased Ms. Yang Yuanfen’s 0.96% equity interest in Puyi Bohui by exercising its exclusive option under the Exclusive Option Agreement, therefore Mr. Yu Haifeng and WFOE hold 99.04% and 0.96% equity interest respectively in Puyi Bohui as of the date of this Annual Report. The Company, through its wholly owned subsidiaries Puyi Group, Puyi HK and WFOE, has been determined to be the primary beneficiary of Puyi Bohui and its subsidiaries; and Puyi Bohui and its subsidiaries became the consolidated VIEs. Accordingly, the Company consolidates the operations, assets and liabilities of Puyi Bohui and its subsidiaries.

Foreign ownership of certain parts of the Company’s businesses including fund management services is subject to restrictions under current PRC laws and regulations. Puyi Inc. is a Cayman Islands company and the government of the Cayman Islands has not entered into a memorandum of understanding on bilateral regulatory cooperation with the CSRC. Accordingly, the Company is not eligible to conduct the fund management business by directly establishing a foreign-invested fund management company. To comply with PRC laws and regulations and utilize the ability in providing fund management services, the Company currently conducts the business activities through the VIEs, Puyi Bohui and its subsidiaries. WFOE has entered into the following contractual arrangements with Puyi Bohui and its principal shareholder, which enables the Company to (i) have power to direct the activities that most significantly affect the economic performance of Puyi Bohui and its subsidiaries, (ii) receive substantially all of the economic benefits of Puyi Bohui, and (iii) have an exclusive option to purchase all or part of the principal shareholder’s equity interests/assets in Puyi Bohui when and to the extent permitted by PRC law. As a result of these contractual arrangements, the Company assumes all of risk of losses of Puyi Bohui and has the exclusive right to exercise all voting rights of Puyi Bohui’s principal shareholder.

Therefore, the Company is considered the primary beneficiary of Puyi Bohui and has consolidated Puyi Bohui’s assets, liabilities, results of operations, and cash flows in the accompanying consolidated financial statements under U.S. GAAP.

(1) Power of Attorney. On September 6, 2018, Mr. Yu Haifeng and Ms. Yang Yuanfen, then shareholders of Puyi Bohui, each executed a Power of Attorney Agreement with WFOE and Puyi Bohui, whereby such then shareholders of Puyi Bohui irrevocably appointed and constituted WFOE as their attorney-in-fact to exercise on the then shareholders’ behalf any and all rights that such then shareholders of Puyi Bohui have in respect of their equity interests in Puyi Bohui. As of the date of this Annual Report, Mr. Yu Haifeng’s power of attorney shall remain effective, while Ms. Yang Yuanfen’s has ceased to be effective since WFOE has duly purchased Ms. Yang Yuanfen’s 0.96% equity interest in Puyi Bohui by exercising its exclusive option under the Exclusive Option Agreement on June 30, 2022. Mr. Yu Haifeng’s Power of Attorney document has become effective since September 6, 2018 and will remain irrevocable and continuously effective and valid as long as Mr. Yu Haifeng shall remain as shareholder of Puyi Bohui.

(2) Exclusive Option Agreement. Puyi Bohui and its principal shareholder Mr. Yu Haifeng has entered into an Exclusive Option Agreement with WFOE on September 6, 2018. Under the Exclusive Option Agreement, he irrevocably granted WFOE (or its designee) an irrevocable and exclusive option to purchase, to the extent permitted under PRC law, once or at multiple times, at any time, part or all of his equity interests in Puyi Bohui. According to the Exclusive Option Agreement, the purchase price to be paid by the Company to Mr. Yu Haifeng will be amounts permitted by applicable PRC Law at the time when such share transfer occurs. The Exclusive Option Agreement became effective on September 6, 2018 and will remain effective permanently.

(3) Exclusive Technical and Consulting Services Agreement. On September 6, 2018, WFOE entered into an Exclusive Technical and Consulting Services Agreement with Puyi Bohui to enable WFOE to receive substantially all of the assets and business of Puyi Bohui in China. Under this Agreement, WFOE has the exclusive right to provide Puyi Bohui with comprehensive business support, technical and consulting services, and other services in relation to the principal business during the term of this Agreement utilizing its own advantages in management consulting, and technology and information. WFOE, or any other party designated by WFOE, may enter into further technical and consulting service agreements with Puyi Bohui, which shall provide for the specific contents, manner, personnel, and fees for the specific consulting service. This Agreement became effective on September 6, 2018 and will remain effective unless otherwise terminated when all of the equity interest in Puyi Bohui or all the assets of Puyi Bohui have been legally transferred to WFOE and/or its designee upon the approval of the board of directors of Puyi, Inc., in accordance with an Exclusive Option Agreement entered among WFOE, Puyi Bohui and its principal shareholder.

(4) Equity Interest Pledge Agreement. Under the Equity Interest Pledge Agreement dated September 6, 2018 among Puyi Bohui, the principal shareholder of Puyi Bohui Mr. Yu Haifeng and WFOE, Mr. Yu Haifeng agreed to pledge all of his equity interest in Puyi Bohui in favor of WFOE to secure the performance of Puyi Bohui’s obligations under the Exclusive Technical and Consulting Services Agreement and any such agreements to be entered into in the future. Under the terms of this Agreement, in the event that Puyi Bohui or its shareholders breach their respective contractual obligations under the Exclusive Technical and Consulting Services Agreement, WFOE, as pledgee, will be entitled to certain rights, including, but not limited to, the right to collect dividends generated from the pledged equity interests. Mr. Yu Haifeng also agreed that upon occurrence of any event of default, as set forth in the Equity Interest Pledge Agreement, WFOE is entitled to dispose of the pledged equity interest in accordance with applicable PRC laws. Mr. Yu Haifeng agreed not to transfer, sell, pledge, dispose of or otherwise create any encumbrance on his equity interests in Puyi Bohui without the prior written consent of WFOE. The Pledge became effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”) and will remain effective until all payments due under the Exclusive Technical and Consulting Services Agreement have been fulfilled by Puyi Bohui, or upon the transfer of Mr. Yu Haifeng’s equity interests under the Exclusive Option Agreement entered into among the parties to this Agreement.

(5) Spousal Consent Letters. On September 6, 2018, the spouse of Mr. Yu Haifeng, the principal shareholder of Puyi Bohui, executed a Spousal Consent, pursuant to which the spouse irrevocably agreed that the equity interest in Puyi Bohui held by Mr. Yu Haifeng and registered in his name will be disposed of pursuant to the Equity Interest Pledge Agreement, the Exclusive Option Agreement and the Powers of Attorney. The spouse of Mr. Yu Haifeng agreed not to assert any rights over Mr. Yu Haifeng’s equity interest in Puyi Bohui. In addition, in the event that she obtains any equity interest in Puyi Bohui through Mr. Yu Haifeng for any reason, she agreed to be bound by the contractual arrangements.

Risks in relation to the VIE structure

The Company believes that the contractual arrangements with the VIE and its principal shareholder are in compliance with PRC laws and regulations and are legally enforceable. However, uncertainties in the PRC legal system could limit the Company’s ability to enforce the contractual arrangements. If the legal structure and contractual arrangements were found to be in violation of PRC laws and regulations, the PRC government could:

●

revoke the business and operating licenses of the Company’s PRC subsidiaries and the VIEs;

●

discontinue or restrict the operations of any related-party transactions between the Company’s PRC subsidiaries and the VIEs;

●

limit the Company’s business expansion in China by way of entering into contractual arrangements;

●

impose fines or other requirements with which the Company’s PRC subsidiaries and the VIEs may not be able to comply;

●

require the Company or the Company’s PRC subsidiaries and the VIEs to restructure the relevant ownership structure or operations; or

●

restrict or prohibit the Company’s use of the proceeds of the additional public offering to finance the Company’s business and operations in China.

The Company’s ability to conduct its business may be negatively affected if the PRC government were to carry out any of the aforementioned actions. As a result, the Company may not be able to consolidate the VIEs in its consolidated financial statements as it may lose the ability to receive economic benefits from the VIEs. The Company, however, does not believe such actions would result in the liquidation or dissolution of the Company, its PRC subsidiaries or the VIEs.

The interests of the principal shareholder of the VIEs may diverge from that of the Company and that may potentially increase the risk that he would seek to act contrary to the contractual terms, for example by influencing the VIEs not to pay the service fees when required to do so. The Company cannot assure that when conflicts of interest arise, the principal shareholder of the VIEs will act in the best interests of the Company or that conflicts of interests will be resolved in the Company’s favor. Currently, the Company does not have existing arrangements to address potential conflicts of interest the principal shareholder of the VIEs may encounter in his capacity as beneficial owner and director of the VIEs, on the one hand, and as beneficial owner and director of the Company, on the other hand. The Company believes the principal shareholder of the VIEs will not act contrary to any of the contractual arrangements and the Exclusive Option Agreement which has provided the Company with a mechanism to remove the current principal shareholder of the VIE should he act to the detriment of the Company. The Company relies on the principal shareholder of the VIEs to fulfill his fiduciary duties and abide by laws of the PRC and act in the best interest of the Company. Should the Company be unable to resolve any conflicts of interest or disputes between the Company and the principal shareholder of the VIEs, the Company would have to rely on legal proceedings, which could result in disruption of its business, and there would be substantial uncertainty as to the outcome of any such legal proceedings.

A substantial portion of assets and liabilities presented on the Group’s Consolidated Balance Sheets and sales, expense, net income presented on Consolidated Statement of Operations and Comprehensive Loss as well as the cash flow from operating, investing and financing activities presented on the Consolidated Statements of Cash Flows are from the financial position, operation and cash flow of Puyi Bohui and its subsidiaries. The following financial statements amounts and balances of the VIEs were included in the accompanying consolidated financial statements and are presented before the elimination of intercompany transactions with the non-VIE subsidiaries of the Group as of June 30, 2022 and 2023 and for the years ended June 30, 2021, 2022 and 2023.

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$

Total assets		353,941		192,175		26,502
Total liabilities		227,967		89,242		12,307

	Years ended June 30,
	2021			2022			2023			2023
	RMB			RMB			RMB			US$

Net revenues		193,013			159,181			87,728			12,098
Net loss		(41,727	)		(33,613	)		(23,041	)		(3,177	)

Income Taxes (Details) - Schedule of Movements of Unrecognized Tax Benefits ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2021 USD ($)
Schedule of Movements of Unrecognized Tax Benefits [Abstract]
Balance at Beginning	¥ 13,500	$ 2,015	¥ 12,100	$ 1,874	¥ 9,300	$ 1,316
Provisions for uncertain tax positions in fiscal year	260	36	1,400	209	2,800	434
Balance at Ending	¥ 13,760	$ 1,898	¥ 13,500	$ 2,015	¥ 12,100	$ 1,874

Consolidated Statements of Shareholders’ Equity ¥ in Thousands, $ in Thousands	Share Capital CNY (¥) shares	Share Capital USD ($) shares	Additional Paid-in Capital CNY (¥)	Additional Paid-in Capital USD ($)	Statutory Reserves CNY (¥)	Statutory Reserves USD ($)	Retained Earnings CNY (¥)	Retained Earnings USD ($)	Accumulated Other Comprehensive Income (loss) CNY (¥)	Accumulated Other Comprehensive Income (loss) USD ($)	Non-controlling Interests CNY (¥)	CNY (¥) shares	USD ($) shares
Balance (in Dollars)	¥ 600		¥ 224,702		¥ 21,873		¥ 120,314		¥ 467		¥ 2,525	¥ 370,481
Balance (in Shares) \| shares	90,472,014	90,472,014
Balance at Jun. 30, 2020	¥ 600		224,702		21,873		120,314		467		2,525	370,481
Balance (in Shares) at Jun. 30, 2020 \| shares	90,472,014	90,472,014
Net loss							(46,370)				304	(46,066)
Provision for statutory reserves					1,238		(1,238)
Cancellation of Baoying			(8)		(8)		8					(8)
Disposal of Zhonghui											(2,829)	(2,829)
Other comprehensive income (Loss): foreign currency translation adjustments									(1,277)			(1,277)
Balance at Jun. 30, 2021	¥ 600		224,694		23,103		72,714		(810)			320,301
Balance (in Shares) at Jun. 30, 2021 \| shares	90,472,014	90,472,014
Balance (in Dollars)	¥ 600		224,694		23,103		72,714		(810)			320,301
Balance (in Shares) \| shares	90,472,014	90,472,014
Net loss							(60,667)					(60,667)
Provision for statutory reserves					211		(211)
Other comprehensive income (Loss): foreign currency translation adjustments									417			417
Balance at Jun. 30, 2022	¥ 600		224,694		23,314		11,836		(393)			¥ 260,051
Balance (in Shares) at Jun. 30, 2022 \| shares	90,472,014	90,472,014										90,472,014	90,472,014
Balance (in Dollars)	¥ 600		224,694		23,314		11,836		(393)			¥ 260,051
Balance (in Shares) \| shares	90,472,014	90,472,014										90,472,014	90,472,014
Net loss							(43,577)					¥ (43,577)	$ (6,010)
Provision for statutory reserves					7		(7)
Disposal of Zhongxiang					(250)		250
Other comprehensive income (Loss): foreign currency translation adjustments									560			560	77
Balance at Jun. 30, 2023	¥ 600	$ 83	224,694	$ 30,987	23,071	$ 3,182	(31,498)	$ (4,345)	167	$ 23		¥ 217,034	$ 29,930
Balance (in Shares) at Jun. 30, 2023 \| shares	90,472,014	90,472,014										90,472,014	90,472,014
Balance (in Dollars)	¥ 600	$ 83	¥ 224,694	$ 30,987	¥ 23,071	$ 3,182	¥ (31,498)	$ (4,345)	¥ 167	$ 23		¥ 217,034	$ 29,930
Balance (in Shares) \| shares	90,472,014	90,472,014										90,472,014	90,472,014

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

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+ Details

Short-Term Loans Receivable

12 Months Ended

Jun. 30, 2023

Short-Term Loans Receivable [Abstract]

SHORT-TERM LOANS RECEIVABLE

8. SHORT-TERM LOANS RECEIVABLE

The Group provided loans to a third-party real estate developing company in order to optimize the idle cash.

During the year ended June 30, 2020, the Group provided loans totaling RMB240,000, of which RMB190,000 has been repaid in the same year. As of June 30, 2020, the group had one short-term loan of RMB50,000 and accrued interest of RMB2,893 which had been fully repaid in December 2020. As of June 30, 2021, the Group did not have short-term loans receivable.

During the year ended June 30, 2022, the Group provided loans totaling RMB130,000, all of which has been repaid in the same year. As of June 30, 2022, the Group did not have short-term loans receivable.

During the year ended June 30, 2023, the Group provided loans totaling RMB110,000, all of which has been repaid in the same year. As of June 30, 2023, the Group did not have short-term loans receivable.

In July 2023, the Group provided a one-year loan totaling RMB40,000, which is expected to be settled before maturity.

The aforementioned loans were guaranteed by the legal representative and the controlling shareholder of the real estate developing company. The interest rate ranged from 5% to 12% per annum, the interest had been and will be paid with the repayment of principal.

The Group recognized interest income on short-term loans receivable of approximate RMB2,730, RMB790 and RMB6,214 during the years ended June 30, 2021, 2022 and 2023, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Other Payables and Accrued Expenses (Details) - Schedule of Components of Other Payables and Accrued Expenses ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Schedule of Components of Other Payables and Accrued Expenses [Abstract]
Payroll payable	¥ 7,665	$ 1,057	¥ 13,844
Accrued expenses	1,600	221	3,924
Value-added tax recoverable	(1,268)	(175)	(700)
Employee’s individual income tax	486	67	407
Others	680	94	1,970
Other payables and accrued expenses	¥ 9,163	$ 1,264	¥ 19,445

Intangible Assets, Net (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
Intangible Assets, Net [Line Items]
Amortization expense	¥ 848	$ 117	¥ 832	¥ 604

Sundry Income, Net

12 Months Ended

Jun. 30, 2023

Sundry Income, Net [Abstract]

SUNDRY INCOME, NET

14. SUNDRY INCOME, NET

Components of sundry income, net are as follows:

	Years ended June 30,
	2021			2022		2023			2023
	RMB			RMB		RMB			US$

Government grants		4,945			4,528		1,682			231
Others		(255	)		509		(22	)		(3	)
Total sundry income, net		4,690			5,037		1,660			228

Government grants were recognized as other income when received upon the compliance with the conditions, and primarily represented subsidies received from the local governments as reward for financial contribution and capital expenditure incurred on certain projects.

Cash, Cash Equivalents and Restricted Cash (Details) - Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2020 CNY (¥)
Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash [Abstract]
Cash and cash equivalent	¥ 164,470	$ 22,681	¥ 194,259
Restricted cash	8,258	1,139	118,796
Total cash, cash equivalents, and restricted cash shown in the Consolidated Statements of Cash Flows	¥ 172,728	$ 23,820	¥ 313,055	$ 43,172	¥ 332,782	¥ 288,894

Disposals

12 Months Ended

Jun. 30, 2023

Disposal [Abstract]

DISPOSALS

3. DISPOSALS

In March 2023, the Group disposed of 100% equity interest in Shenzhen Puyi Zhongxiang Information Technology Co., Ltd. to a third party for a total consideration of RMB20,000, which has not yet been settled as of June 30, 2023. In July, 2023, RMB10,000 of the consideration was settled. The remaining amount is expected to be settled by December 2023. The Group recognized a gain of RMB13,737 on disposal of this subsidiary, which was determined based on the excess of the sales consideration over the net book value of the subsidiary at the time of disposal.

Income Taxes (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
Income Taxes (Details) ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 CNY (¥)	Jun. 30, 2020 USD ($)
Income Taxes [Line Items]
Income tax PRC, description	the relevant laws and regulations in the PRC, beginning from January 1, 2020, Puyi Bohui has been qualified for west development taxation preference and subject to an income tax rate of 15%. Shenzhen Zhongxiang is qualified for Shenzhen Qianhai modern services cooperation district entity tax preference and is subject to an income tax rate for 15%, and Shenzhen Zhongxiang was sold to a third-party in March 2023. Chongqing Fengyi and Puyi Consulting are qualified for west development taxation preference and are subject to an income tax rate for 15%. Based on the operating status of Puyi Dake, it has been certified as a High and New Technology Enterprise (“HNTE”), thus enjoys a preferential tax treatment of an income tax rate of 15%. Puyi Family Office and other PRC subsidiaries are subject to a standard 25% EIT.	the relevant laws and regulations in the PRC, beginning from January 1, 2020, Puyi Bohui has been qualified for west development taxation preference and subject to an income tax rate of 15%. Shenzhen Zhongxiang is qualified for Shenzhen Qianhai modern services cooperation district entity tax preference and is subject to an income tax rate for 15%, and Shenzhen Zhongxiang was sold to a third-party in March 2023. Chongqing Fengyi and Puyi Consulting are qualified for west development taxation preference and are subject to an income tax rate for 15%. Based on the operating status of Puyi Dake, it has been certified as a High and New Technology Enterprise (“HNTE”), thus enjoys a preferential tax treatment of an income tax rate of 15%. Puyi Family Office and other PRC subsidiaries are subject to a standard 25% EIT.
Valuation allowance	¥ 21,684		¥ 6,059
Net change of valuation allowance	(15,625)	$ (2,155)	(3,775)	¥ (230)
Total tax loss carry-forwards	149,477		¥ 184,258
Percentage of income tax rate			100.00%
Unrecognized tax benefits	¥ 13,760		¥ 13,500	¥ 12,100	$ 1,898	$ 2,015	$ 1,874	¥ 9,300	$ 1,316
HONG KONG
Income Taxes [Line Items]
Income tax PRC, description	On March 21, 2018, the Hong Kong Legislative Council passed The Inland Revenue (Amendment) (No. 7) Bill 2017 (the “Bill”) which introduces the two-tiered profits tax rates regime. The Bill was signed into law on March 28, 2018 and was gazette on the following day. Under the two-tiered profits tax rates regime, the first 2 million Hong Kong Dollar (“HKD”) of profits of the qualifying group entity will be taxed at 8.25%, and profits above HKD2 million will be taxed at 16.5%.	On March 21, 2018, the Hong Kong Legislative Council passed The Inland Revenue (Amendment) (No. 7) Bill 2017 (the “Bill”) which introduces the two-tiered profits tax rates regime. The Bill was signed into law on March 28, 2018 and was gazette on the following day. Under the two-tiered profits tax rates regime, the first 2 million Hong Kong Dollar (“HKD”) of profits of the qualifying group entity will be taxed at 8.25%, and profits above HKD2 million will be taxed at 16.5%.
Withholding tax rate	5.00%	5.00%
PRC [Member]
Income Taxes [Line Items]
Withholding tax rate	10.00%	10.00%
Maximum [Member]
Income Taxes [Line Items]
Net change of valuation allowance	¥ 23,051
Percentage of income tax rate			25.00%
Minimum [Member]
Income Taxes [Line Items]
Net change of valuation allowance	¥ 7,426
Percentage of income tax rate

Concentrations (Details) - Schedule of Concentration Risks
¥ in Thousands, $ in Thousands

12 Months Ended

Jun. 30, 2023

CNY (¥)

Jun. 30, 2023

USD ($)

Jun. 30, 2022

CNY (¥)

Concentration Risk [Line Items]

Accounts receivable

¥ 20,311

$ 2,801

¥ 46,840

Accounts receivable, percentage

54.00%

78.70%

Company A [Member]

Concentration Risk [Line Items]

Accounts receivable

¥ 20,311

$ 2,801

¥ 40,762

Accounts receivable, percentage

54.00%

68.50%

Company B [Member]

Concentration Risk [Line Items]

Accounts receivable

^[1]

¥ 6,078

Accounts receivable, percentage

^[1]

10.20%

[1]	represented less than 10% of accounts receivable for the year then ended.

Concentrations

12 Months Ended

Jun. 30, 2023

Concentrations [Abstract]

CONCENTRATIONS

21. CONCENTRATIONS

Concentration risks

Details of the customers accounting for 10% or more of total net revenues are as follows:

	Years ended June 30,
	2021		% of net revenues			2022		% of net revenues			2023		2023		% of net revenues
	RMB					RMB					RMB		US$

Company A		29,264		15.3	%		35,611		18.9	%		*		*		*
Company B		122,723		64.2	%		47,642		25.2	%		15,360		2,118		13.4	%
Company C		*		*			*		*			14,631		2,018		12.8	%
		151,987		79.5	%		83,253		44.1	%		29,991		4,136		26.2	%

*	represented less than 10% of total net revenues for the year then ended.

Details of the customers which accounted for 10% or more of accounts receivable, net are as follows:

	As of June 30,
	2022		%			2023		2023		%
	RMB					RMB		US$

Company A		40,762		68.5	%		20,311		2,801		54.0	%
Company B		6,078		10.2	%		*		*		*
		46,840		78.7	%		20,311		2,801		54.0	%

*	represented less than 10% of accounts receivable for the year then ended.

Other Payables and Accrued Expenses

12 Months Ended

Jun. 30, 2023

Payables and Accruals [Abstract]

OTHER PAYABLES AND ACCRUED EXPENSES

13. OTHER PAYABLES AND ACCRUED EXPENSES

Components of other payables and accrued expenses are as follows:

	As of June 30,
	2022			2023			2023
	RMB			RMB			US$

Payroll payable		13,844			7,665			1,057
Accrued expenses		3,924			1,600			221
Value-added tax recoverable		(700	)		(1,268	)		(175	)
Employee’s individual income tax		407			486			67
Others		1,970			680			94
Other payables and accrued expenses		19,445			9,163			1,264

Accrued expenses mainly consisted of accrued marketing and sales promotion expenses for activities on publicly raised fund products.

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 as VAT payable if output VAT is larger than input VAT and is recorded as VAT recoverable if input VAT is larger than output VAT.

Document And Entity Information	12 Months Ended
Document And Entity Information	Jun. 30, 2023 shares
Document Information Line Items
Entity Registrant Name	Puyi Inc.
Trading Symbol	PUYI
Document Type	20-F
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding	90,472,014
Amendment Flag	false
Entity Central Index Key	0001750264
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
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	001-38813
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	61F, Pearl River Tower
Entity Address, Address Line Two	No. 15 Zhujiang West Road
Entity Address, Address Line Three	Zhujiang New Town, Tianhe
Entity Address, City or Town	Guangzhou
Entity Address, Country	CN
Title of 12(b) Security	Ordinary Shares, par value $0.001 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	U.S. GAAP
Auditor Firm ID	5395
Auditor Name	Marcum Asia CPAs LLP
Auditor Location	New York
Entity Address, Postal Zip Code	510623
Business Contact
Document Information Line Items
Entity Address, Address Line One	61F, Pearl River Tower
Entity Address, Address Line Two	No. 15 Zhujiang West Road
Entity Address, Address Line Three	Zhujiang New Town, Tianhe
Entity Address, City or Town	Guangzhou
Entity Address, Country	CN
Contact Personnel Name	Hu Anlin
City Area Code	+86
Local Phone Number	020-28381666
Entity Address, Postal Zip Code	510623

Accounts Receivable, Net (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Accounts Receivable, Net [Line Items]
Allowance for doubtful accounts			¥ 6,892	$ 950	¥ 6,892
Allowance for doubtful accounts written off

Statutory Reserve (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
Statutory Reserve (Details) - CNY (¥) ¥ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Statutory Reserve [Line Items]
Reserve of net profits after income tax, percentage	10.00%
Percentage of statutory reserve registered capital	50.00%
Balance of statutory reserve	¥ 23,071	¥ 23,314

Other Receivables and Current Assets (Tables)

12 Months Ended

Jun. 30, 2023

Other Receivables [Abstract]

Schedule of Other Receivables and Current Assets

Other receivables and current assets consist of the following:

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$

Advances to staff		855		589		81
Prepayments to service providers		5,252		4,523		624
Rental deposits		5,523		2,554		352
Income tax prepayments		2,666		-		-
Consideration receivable from disposal of a subsidiary		-		20,000		2,759
Other		2		-		-
Other receivables and current assets		14,298		27,666		3,816

Other Payables and Accrued Expenses (Tables)

12 Months Ended

Jun. 30, 2023

Payables and Accruals [Abstract]

Schedule of Components of Other Payables and Accrued Expenses

Components of other payables and accrued expenses are as follows:

	As of June 30,
	2022			2023			2023
	RMB			RMB			US$

Payroll payable		13,844			7,665			1,057
Accrued expenses		3,924			1,600			221
Value-added tax recoverable		(700	)		(1,268	)		(175	)
Employee’s individual income tax		407			486			67
Others		1,970			680			94
Other payables and accrued expenses		19,445			9,163			1,264

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2023

Summary of Significant Accounting Policies [Abstract]

Schedule of Estimated Useful Lives

Depreciation and amortization are calculated using the straight-line method over the following estimated useful lives, without residual value:

		Estimated useful life
Office equipment, furniture, fixtures		3-5 years
Motor vehicles		3-5 years
Leasehold improvements		Shorter of the remaining lease terms and estimated useful lives

Schedule of Disaggregation of Revenue

Disaggregation of revenue

	Years ended June 30,
	2021		2022		2023
	RMB		RMB		RMB

Wealth management		176,589		171,541		95,013
Distribution commissions		176,573		168,489		93,188
-- One-time commissions recognized at a point in time		109,308		80,943		31,993
-- Recurring management fees recognized over time		67,265		87,546		61,195
Performance-based distribution fees recognized at a point in time		16		3,052		1,825
Asset management		13,464		5,890		1,983
Management fees recognized over time		5,626		3,476		1,887
Performance-based fees recognized at a point in time		7,838		2,414		96
Consulting and other services		1,147		11,310		17,444
Insurance consulting services recognized at a point in time ⁽¹⁾		1,138		9,394		9,649
Other services⁽²⁾		9		1,916		7,795
Total		191,200		188,741		114,440

(1)	Insurance consulting services were started from January 2021, and were recognized at a point in time.

(2)	Other services primarily consist of consulting services for trust and family wealth inheritance recognized at a point in time.

Consolidated Statements of Operations and Comprehensive Loss ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥) ¥ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 CNY (¥) ¥ / shares shares	Jun. 30, 2021 CNY (¥) ¥ / shares shares
Net revenues:
Total net revenues	¥ 114,440	$ 15,782	¥ 188,741	¥ 191,200
Operating costs and expenses:
Cost of sales	(16,136)	(2,225)	(33,834)	(44,043)
Selling expenses	(64,709)	(8,924)	(126,743)	(130,145)
General and administrative expenses	(92,399)	(12,742)	(102,267)	(90,194)
Total operating costs and expenses	(173,244)	(23,891)	(262,844)	(264,382)
Loss from operations	(58,804)	(8,109)	(74,103)	(73,182)
Other income, net:
Investment income	13,561	1,870		1,899
Interest income	8,591	1,185	7,474	10,919
Sundry income, net	1,660	228	5,037	4,690
Loss before income taxes	(34,992)	(4,826)	(61,592)	(55,674)
Income tax benefit (expense)	(8,585)	(1,184)	925	9,608
Net loss	(43,577)	(6,010)	(60,667)	(46,066)
Less: net income attributable to non-controlling interests				304
Other comprehensive income (loss), net of tax: Foreign currency translation adjustments	560	77	417	(1,277)
Net loss attributable to Puyi Inc.’s shareholders	¥ (43,577)	$ (6,010)	¥ (60,667)	¥ (46,370)
Net loss per share:
Net loss per share, basic (in Dollars per share and Yuan Renminbi per share) \| (per share)	¥ (0.482)	$ (0.066)	¥ (0.671)	¥ (0.513)
Weighted average number of shares used in computation:
Basic (in Shares)	90,472,014	90,472,014	90,472,014	90,472,014
Net loss	¥ (43,577)	$ (6,010)	¥ (60,667)	¥ (46,066)
Total comprehensive loss	(43,017)	(5,933)	(60,250)	(47,343)
Less: Comprehensive income attributable to the non-controlling interests				304
Comprehensive loss attributable to Puyi Inc.’s shareholders	(43,017)	(5,933)	(60,250)	(47,647)
Wealth management
Net revenues:
Total net revenues	95,013	13,103	171,541	176,589
Asset management
Net revenues:
Total net revenues	1,983	273	5,890	13,464
Consulting and others
Net revenues:
Total net revenues	¥ 17,444	$ 2,406	¥ 11,310	¥ 1,147
American Depositary Share
Net loss per share:
Net loss per share, basic (in Dollars per share and Yuan Renminbi per share) \| (per share)	¥ (0.722)	$ (0.1)	¥ (1.006)	¥ (0.77)

Concentrations (Details) - Schedule of Concentration Risks
¥ in Thousands, $ in Thousands

12 Months Ended

Jun. 30, 2023

CNY (¥)

Jun. 30, 2023

USD ($)

Jun. 30, 2022

CNY (¥)

Jun. 30, 2021

CNY (¥)

Concentration Risk [Line Items]

Total net revenues

¥ 29,991

$ 4,136

¥ 83,253

¥ 151,987

Net revenues, percentage

26.20%

44.10%

79.50%

Company A [Member]

Concentration Risk [Line Items]

Total net revenues

^[1]

¥ 35,611

¥ 29,264

Net revenues, percentage

^[1]

18.90%

15.30%

Company B [Member]

Concentration Risk [Line Items]

Total net revenues

¥ 15,360

$ 2,118

¥ 47,642

¥ 122,723

Net revenues, percentage

13.40%

25.20%

64.20%

Company C [Member]

Concentration Risk [Line Items]

Total net revenues

¥ 14,631

$ 2,018

^[1]

Net revenues, percentage

12.80%

^[1]

[1]	represented less than 10% of total net revenues for the year then ended.

Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Jun. 30, 2023

Cash, Cash Equivalents and Restricted Cash [Abstract]

CASH, CASH EQUIVALENTS AND RESTRICTED CASH

4. CASH, CASH EQUIVALENTS AND RESTRICTED CASH

	Years ended June 30,
	2022		2023		2023
	RMB		RMB		US$

Cash and cash equivalent		194,259		164,470		22,681
Restricted cash		118,796		8,258		1,139
Total cash, cash equivalents, and restricted cash shown in the Consolidated Statements of Cash Flows		313,055		172,728		23,820

Accounting Policies, by Policy (Policies)

12 Months Ended

Jun. 30, 2023

Summary of Significant Accounting Policies [Abstract]

Basis of presentation and consolidation

(a)

Basis of presentation and consolidation

Use of estimates

(b)

Use of estimates

Cash and cash equivalents

(c)

Cash and cash equivalents

Restricted cash

(d)

Restricted cash

Accounts receivable, other receivables and current assets, and amount due from related parties, net

(e)

Accounts receivable, other receivables and current assets, and amount due from related parties, net

Short-term loans receivable

(f)

Short-term loans receivable

The Group recognized interest income on an accrual basis using the straight-line method over the fixed or determinable dates.

Investments

(g)

Investments

The Group accounts for the investments pursuant to FASB ASC Topic 321, Investments-Equity Securities and ASC Topic 323, Investments-Equity Method and Joint Ventures.

Property and equipment, net

(h)

Property and equipment, net

Depreciation and amortization are calculated using the straight-line method over the following estimated useful lives, without residual value:

		Estimated useful life
Office equipment, furniture, fixtures		3-5 years
Motor vehicles		3-5 years
Leasehold improvements		Shorter of the remaining lease terms and estimated useful lives

Intangible assets, net

(i)

Intangible assets, net

Costs associated with the engineering and technical headcounts responsible for software development, as well as their associated costs, are expensed as incurred.

Impairment of long-lived assets

(j)

Impairment of long-lived assets

Revenue recognition

(k)

Revenue recognition

The Group generates revenues mainly from wealth management, and the Group started to generate revenues from asset management since April 2018 and insurance consulting service since January 2021.

Wealth management

Revenue from wealth management mainly includes distribution commissions and performance-based distribution fees, in a typical arrangement in which the Group serves as distributor.

Distribution commissions

Performance-based distribution fees

Asset management

Revenue from asset management service mainly includes management fees and performance-based carried interest, in a typical arrangement in which the Group serves as the fund manager.

Management fees

Performance-based carried interest

Insurance consulting service

Initial service fees

Renewal service fees

Disaggregation of revenue

	Years ended June 30,
	2021		2022		2023
	RMB		RMB		RMB

Wealth management		176,589		171,541		95,013
Distribution commissions		176,573		168,489		93,188
-- One-time commissions recognized at a point in time		109,308		80,943		31,993
-- Recurring management fees recognized over time		67,265		87,546		61,195
Performance-based distribution fees recognized at a point in time		16		3,052		1,825
Asset management		13,464		5,890		1,983
Management fees recognized over time		5,626		3,476		1,887
Performance-based fees recognized at a point in time		7,838		2,414		96
Consulting and other services		1,147		11,310		17,444
Insurance consulting services recognized at a point in time ⁽¹⁾		1,138		9,394		9,649
Other services⁽²⁾		9		1,916		7,795
Total		191,200		188,741		114,440

(1)	Insurance consulting services were started from January 2021, and were recognized at a point in time.

(2)	Other services primarily consist of consulting services for trust and family wealth inheritance recognized at a point in time.

Contract liability

Cost of sales

(l)

Cost of sales

Income taxes

(m)

Income taxes

Uncertain tax positions

(n)

Uncertain tax positions

Value added tax (“VAT”)

(o)

Value added tax (“VAT”)

Non-controlling interest

(p)

Non-controlling interest

Fair value of financial instruments

(q)

Fair value of financial instruments

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 assets 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 assets 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.

Leases

(r)

Leases

The Group applies Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) when accounting for leases.

Foreign currency translation

(s)

Foreign currency translation

Segment reporting

(t)

Segment reporting

Earnings per share (“EPS”)

(u)

Earnings per share (“EPS”)

Commitments and contingencies

(v)

Commitments and contingencies

Recently issued accounting standards

(w)

Recently issued accounting standards

Condensed Financial Statements of the Company

12 Months Ended

Jun. 30, 2023

Condensed Financial Information Disclosure [Abstract]

CONDENSED FINANCIAL STATEMENTS OF THE COMPANY

17. CONDENSED FINANCIAL STATEMENTS OF THE COMPANY

The condensed financial information of the Company has been prepared in accordance with SEC Regulation S-X Rule 5-04 and Rule 12-04, using the same accounting policies as set out in the Group’s consolidated financial statements, except that the Company uses the equity method to account for investments in its subsidiaries and the VIEs. The Company was in control of its subsidiaries and the primary beneficiary of the VIEs throughout the periods presented.

Condensed Balance Sheets

	As of June 30,
	2022			2023			2023
	RMB			RMB			US$

ASSETS:
Current assets:
Cash and cash equivalents		11,732			2,605			359
Amounts due from other subsidiaries		77			809			112
Total current assets		11,809			3,414			471
Investments in subsidiaries		248,459			213,620			29,459
Total assets		260,268			217,034			29,930

LIABILITIES AND EQUITY:
LIABILITIES:
Current liabilities:
Other payables and accrued expenses		217			-			-
Total current liabilities		217			-			-
Total liabilities		217			-			-

Commitments and contingencies
EQUITY:
Ordinary shares (2,000,000,000 shares at US$0.001 each authorized, and 90,472,014 shares issued and outstanding as of June 30, 2022 and 2023)		600			600			83
Additional paid-in capital		224,694			224,694			30,987
Retained earnings		35,150			(8,427	)		(1,163	)
Accumulated other comprehensive income		(393	)		167			23
Total equity		260,051			217,034			29,930
Total liabilities and equity		260,268			217,034			29,930

Condensed Statements of Operations and Comprehensive Loss

	Years ended June 30,
	2021			2022			2023			2023
	RMB			RMB			RMB			US$

General and administrative expenses		(1,369	)		(1,610	)		(2,084	)		(288	)
Other income, net		68			227			286			40
Equity in loss of subsidiaries		(45,067	)		(59,220	)		(41,771	)		(5,761	)
Loss before income taxes		(46,368	)		(60,603	)		(43,569	)		(6,009	)
Income tax expense		(2	)		(64	)		(8	)		(1	)
Net loss		(46,370	)		(60,667	)		(43,577	)		(6,010	)
Other comprehensive income (loss), net of tax: Foreign currency translation adjustments		(1,277	)		417			560			77
Total Comprehensive loss		(47,647	)		(60,250	)		(43,017	)		(5,933	)

Condensed Financial Statements of the Company (Details) - Schedule of Condensed Statements of Operations and Comprehensive Income (loss) - VIEs [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
Condensed Statement of Income Captions [Line Items]
General and administrative expenses	¥ (2,084)	$ (288)	¥ (1,610)	¥ (1,369)
Other income, net	286	40	227	68
Equity in loss of subsidiaries	(41,771)	(5,761)	(59,220)	(45,067)
Loss before income taxes	(43,569)	(6,009)	(60,603)	(46,368)
Income tax expense	(8)	(1)	(64)	(2)
Net loss	(43,577)	(6,010)	(60,667)	(46,370)
Other comprehensive income (loss), net of tax: Foreign currency translation adjustments	560	77	417	(1,277)
Total Comprehensive loss	¥ (43,017)	$ (5,933)	¥ (60,250)	¥ (47,647)

Accounts Receivable, Net (Tables)

12 Months Ended

Jun. 30, 2023

Accounts Receivable, Net [Abstract]

Schedule of Accounts Receivable

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$

Accounts receivable		66,399		44,493		6,135
Allowance for doubtful accounts		6,892		6,892		950
Accounts receivable, net		59,507		37,601		5,185

Short-Term Investments (Details) - Schedule of Investment Balances ¥ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Short-term investments
- Private fund product			¥ 5,000
Total short-term investments			¥ 5,000

- Definition

Fair value of investment in security owned.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480493/946-210-55-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-2

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-12

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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+ Details

Non-Controlling Interest

12 Months Ended

Jun. 30, 2023

Non-Controlling Interest [Abstract]

NON-CONTROLLING INTEREST

19. NON-CONTROLLING INTEREST

On July 3, 2018, the Group acquired 51% equity interest of Zhonghui. Zhonghui was sold to a third party in December 2020, and had been divested from our consolidated financial statement since then. Non-controlling interest related to the 49% minority interest in Zhonghui was nil in each year ended June 30, 2021, 2022 and 2023.

Non-controlling interest related to Zhonghui in the Consolidated Statements of Operations and Comprehensive Loss was gain of RMB304 in year ended June 30, 2021, and nil for each year ended June 30, 2022 and 2023.

Condensed Financial Statements of the Company (Details) - Schedule of Condensed Statements of Financial Position - VIEs [Member] ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 2,605	$ 359	¥ 11,732
Amounts due from other subsidiaries	809	112	77
Total current assets	3,414	471	11,809
Investments in subsidiaries	213,620	29,459	248,459
Total assets	217,034	29,930	260,268
Current liabilities:
Other payables and accrued expenses			217
Total current liabilities			217
Total liabilities			217
Commitments and contingencies
EQUITY:
Ordinary shares (2,000,000,000 shares at US$0.001 each authorized, and 90,472,014 shares issued and outstanding as of June 30, 2022 and 2023)	600	83	600
Additional paid-in capital	224,694	30,987	224,694
Retained earnings	(8,427)	(1,163)	35,150
Accumulated other comprehensive income	167	23	(393)
Total equity	217,034	29,930	260,051
Total liabilities and equity	¥ 217,034	$ 29,930	¥ 260,268

Organization and Principal Activities (Details) - Schedule of Subsidiaries and VIE	12 Months Ended
	Jun. 30, 2023
Wholly owned subsidiaries [Member] \| Puyi Group [Member]
Wholly owned subsidiaries
Date of incorporation/ acquired	July 2018
Place of incorporation	BVI
Percentage of effective ownership	100.00%
Principal Activities	Holding company
Wholly owned subsidiaries [Member] \| Puyi Holdings (Hong Kong) Limited (“Puyi HK”) [Member]
Wholly owned subsidiaries
Date of incorporation/ acquired	July 2018
Place of incorporation	Hong Kong
Percentage of effective ownership	100.00%
Principal Activities	Holding company
Wholly owned subsidiaries [Member] \| Puyi Enterprises Management Consulting Co., Ltd. (“Puyi Consulting” or the Wholly Foreign-Owned Enterprise “WFOE”) [Member]
Wholly owned subsidiaries
Date of incorporation/ acquired	August 2018
Place of incorporation	Chengdu
Percentage of effective ownership	100.00%
Principal Activities	WFOE
Wholly owned subsidiaries [Member] \| Puyi Dake [Member]
Wholly owned subsidiaries
Date of incorporation/ acquired	May 2020
Place of incorporation	Chengdu
Percentage of effective ownership	100.00%
Principal Activities	Information technology
Variable Interest Entities [Member] \| Puyi Zhongxiang [Member]
Wholly owned subsidiaries
Date of incorporation/ acquired	February 2023
Place of incorporation	Chengdu
Percentage of effective ownership	100.00%
Principal Activities	Trust consulting
Variable Interest Entities [Member] \| Puyi Bohui [Member]
Wholly owned subsidiaries
Date of incorporation/ acquired	April 2012
Place of incorporation	Chengdu
Percentage of effective ownership	100.00%
Principal Activities	Information technology
Variable Interest Entities [Member] \| Puyi Fund [Member]
Wholly owned subsidiaries
Date of incorporation/ acquired	November 2010
Place of incorporation	Chengdu
Percentage of effective ownership	100.00%
Principal Activities	Fund product distribution
Variable Interest Entities [Member] \| Puyi Asset [Member]
Wholly owned subsidiaries
Date of incorporation/ acquired	May 2013
Place of incorporation	Shenzhen
Percentage of effective ownership	100.00%
Principal Activities	Asset management
Variable Interest Entities [Member] \| Chongqing Fengyi [Member]
Wholly owned subsidiaries
Date of incorporation/ acquired	December 2016
Place of incorporation	Chongqing
Percentage of effective ownership	100.00%
Principal Activities	Corporate financing business

Concentrations (Details) - Customer Concentration Risk [Member] - Customer [Member]	12 Months Ended
	Jun. 30, 2023
Net Revenues [Member]
Concentrations (Details) [Line Items]
Concentration risk, percentage	10.00%
Net Revenues 1 [Member]
Concentrations (Details) [Line Items]
Concentration risk, percentage	10.00%
Accounts Receivable [Member]
Concentrations (Details) [Line Items]
Concentration risk, percentage	10.00%
Accounts Receivable One [Member]
Concentrations (Details) [Line Items]
Concentration risk, percentage	10.00%

Disposals (Details) - CNY (¥)			12 Months Ended
Disposals (Details) - CNY (¥)	Jul. 31, 2023	Mar. 31, 2023	Jun. 30, 2023
Disposal [Line Items]
Equity interest		100.00%
Total consideration			¥ 20,000
Total consideration	¥ 10,000
Disposal recognized gain			¥ 13,737

Property and Equipment, Net (Details) - Schedule of Property and Equipment, Net ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Property, Plant and Equipment [Line Items]
Property and equipment, gross	¥ 6,589	$ 909	¥ 18,488
Less: Accumulated depreciation	(5,023)	(693)	(9,332)
Property and equipment, net	1,566	216	9,156
Furniture, office equipment, fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,920	541	5,151
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	737	102	11,405
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	¥ 1,932	$ 266	¥ 1,932

Leases (Details) - Schedule of ROU Assets and Related Lease Liabilities ¥ in Thousands, $ in Thousands	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Schedule Of Rou Assets And Related Lease Liabilities [Abstract]
Right-of-use assets	¥ 13,607	$ 1,876	¥ 34,382
Lease liabilities, current	4,793	660	11,889
Lease liabilities, non-current	9,673	1,334	23,259
Total operating lease liabilities	¥ 14,466	$ 1,994	¥ 35,148

Leases (Tables)

12 Months Ended

Jun. 30, 2023

Leases [Abstract]

Schedule of ROU Assets and Related Lease Liabilities

The following represents the aggregate ROU assets and related lease liabilities as of June 30, 2022 and 2023:

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$
Right-of-use assets		34,382		13,607		1,876
Lease liabilities, current		11,889		4,793		660
Lease liabilities, non-current		23,259		9,673		1,334
Total operating lease liabilities		35,148		14,466		1,994

Schedule of Weighted Average Lease Term and Weighted Average Discount Rate

The weighted average lease term and weighted average discount rate as of June 30, 2022 and 2023 were as follows:

	As of June 30,
	2022			2023
Weighted average lease term:
Operating leases		3.31 years			3.25 years
Weighted average discount rate:
Operating leases		4.75	%		4.75	%

Schedule of Lease Expenses

The components of lease expenses for the years ended June 30, 2022 and 2023 were as follows:

	Years ended June 30,
	2022		2023		2023
	RMB		RMB		US$

Operating lease expenses		14,757		8,107		1,118
Short-term lease expenses		7,346		2,403		331
Total		22,103		10,510		1,449

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the years ended June 30, 2022 and 2023 were as follows:

	Years ended June 30,
	2022			2023			2023
	RMB			RMB			US$
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating lease		13,739			7,059			973
Supplement noncash information
New operating lease liabilities arose from obtaining right-of-use assets		27,245			3,248			448
Change on lease liabilities arose from modification on lease terms		(474	)		(3,640	)		(502	)
Change on lease liabilities arose from early termination of operating leases		(10,739	)		(9,435	)		(1,301	)

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities at June 30, 2022:

	As of June 30,
	2023		2023
	RMB		US$
Year ending June 30:
2024		5,378		741
2025		4,744		654
2026		4,355		601
2027		1,115		154
Total remaining undiscounted lease payments		15,592		2,150
Less: Interest		1,126		156
Total present value of lease liabilities		14,466		1,994
Less: Current operating lease liabilities		4,793		660
Non-current operating lease liabilities		9,673		1,334

Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives	12 Months Ended
	Jun. 30, 2023
Public Utility, Property, Plant and Equipment [Line Items]
Leasehold improvements	Shorter of the remaining lease terms and estimated useful lives
Office equipment, furniture, fixtures [Member] \| Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Office equipment, furniture, fixtures [Member] \| Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Motor vehicles [Member] \| Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Motor vehicles [Member] \| Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful life	5 years

Intangible Assets, Net

12 Months Ended

Jun. 30, 2023

Intangible Assets, Net [Abstract]

INTANGIBLE ASSETS, NET

10. INTANGIBLE ASSETS, NET

	As of June 30,
	2022			2023			2023
	RMB			RMB			US$

Software and operating system		6,614			4,823			665
Less: Accumulated amortization		(5,500	)		(3,032	)		(418	)
Intangible assets, net		1,114			1,791			247

Amortization expense for the years ended June 30, 2021, 2022 and 2023 was RMB604, RMB832 and RMB848, respectively.

Organization and Principal Activities (Tables)

12 Months Ended

Jun. 30, 2023

Organization and Principal Activities [Abstract]

Schedule of Subsidiaries and VIE

The Company’s subsidiaries and the VIEs as of June 30, 2023 include the following:

Name	Date of incorporation/ acquired	Place of incorporation	Percentage of effective ownership			Principal Activities
Wholly owned subsidiaries
Puyi Group	July 2018	BVI		100	%	Holding company
Puyi Holdings (Hong Kong) Limited (“Puyi HK”)	July 2018	Hong Kong		100	%	Holding company
Puyi Enterprises Management Consulting Co., Ltd. (“Puyi Consulting” or the Wholly Foreign-Owned Enterprise “WFOE”)	August 2018	Chengdu		100	%	WFOE
Puyi Dake	May 2020	Chengdu		100	%	Information technology
Puyi Family Office	February 2023	Chengdu		100	%	Trust consulting
Variable Interest Entities (“VIEs”)
Puyi Bohui	April 2012	Chengdu		100	%	Information technology
Puyi Fund	November 2010	Chengdu		100	%	Fund product distribution
Puyi Asset	May 2013	Shenzhen		100	%	Asset management
Chongqing Fengyi	December 2016	Chongqing		100	%	Corporate financing business

Schedule of Financial Statements Amounts and Balances of the VIE

The following financial statements amounts and balances of the VIEs were included in the accompanying consolidated financial statements and are presented before the elimination of intercompany transactions with the non-VIE subsidiaries of the Group as of June 30, 2022 and 2023 and for the years ended June 30, 2021, 2022 and 2023.

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$

Total assets		353,941		192,175		26,502
Total liabilities		227,967		89,242		12,307

	Years ended June 30,
	2021			2022			2023			2023
	RMB			RMB			RMB			US$

Net revenues		193,013			159,181			87,728			12,098
Net loss		(41,727	)		(33,613	)		(23,041	)		(3,177	)

Non-Controlling Interest (Details) - Zhonghui [Member] ¥ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2021 USD ($)	Jul. 03, 2018
Non-Controlling Interest (Details) [Line Items]
Minority interest				$ 49
Nonconsolidated Investees, Other [Member]
Non-Controlling Interest (Details) [Line Items]
Equity interest percentage					51.00%
Non-Controlling Interest [Member]
Non-Controlling Interest (Details) [Line Items]
Non-controlling interest
Non-controlling interest related to consolidated statements of operations			¥ 304

- Definition

Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity.

+ References

+ Details

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

+ References + Details

Leases (Details) - Schedule of Weighted Average Lease Term and Weighted Average Discount Rate	Jun. 30, 2023	Jun. 30, 2022
Weighted average lease term:
Operating leases	3 years 3 months	3 years 3 months 21 days
Weighted average discount rate:
Operating leases	4.75%	4.75%

Summary of Significant Accounting Policies (Details) - Schedule of Disaggregation of Revenue
¥ in Thousands, $ in Thousands

12 Months Ended

Jun. 30, 2023

CNY (¥)

Jun. 30, 2023

USD ($)

Jun. 30, 2022

CNY (¥)

Jun. 30, 2021

CNY (¥)

Schedule of Disaggregation of Revenue [Abstarct]

Wealth management

¥ 95,013

¥ 171,541

¥ 176,589

Distribution commissions

93,188

168,489

176,573

-- One-time commissions recognized at a point in time

31,993

80,943

109,308

-- Recurring management fees recognized over time

61,195

87,546

67,265

Performance-based distribution fees recognized at a point in time

1,825

3,052

Asset management

1,983

5,890

13,464

Management fees recognized over time

1,887

3,476

5,626

Performance-based fees recognized at a point in time

2,414

7,838

Consulting and other services

17,444

11,310

1,147

Insurance consulting services recognized at a point in time

^[1]

9,649

9,394

1,138

Other services

^[2]

7,795

1,916

Total

¥ 114,440

$ 15,782

¥ 188,741

¥ 191,200

[1]	Insurance consulting services were started from January 2021, and were recognized at a point in time.
[2]	Other services primarily consist of consulting services for trust and family wealth inheritance recognized at a point in time.

Leases (Details) - Schedule of Lease Expenses ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Schedule Of Lease Expenses [Abstract]
Operating lease expenses	¥ 8,107	$ 1,118	¥ 14,757
Short-term lease expenses	2,403	331	7,346
Total	¥ 10,510	$ 1,449	¥ 22,103

Related Party Transactions (Tables)

12 Months Ended

Jun. 30, 2023

The following is a list of the related parties with whom the Group conducted significant transactions, and their relationship with the Group:

Related parties		Relationship
Fanhua Inc. (“Fanhua”)		Shareholder of Puyi since September 2018 who has approximately 4.5% of Puyi and shares a common director with the Group.
Fanhua Lianxing Insurance Sales Co., Ltd. (“Fanhua Lianxing”)		Subsidiary of Fanhua Inc.
Fanhua Yuntong Enterprise Management Advisory (Shenzhen) Co., Ltd. (“Fanhua Yuntong”)		Subsidiary of Fanhua Inc.

Schedule of Related Party Transactions

Related party transactions:

	Years ended June 30,
	Note	2021		2022		2023			2023
		RMB		RMB		RMB			US$
Other services
Insurance consulting service income accrued from Fanhua Lianxing	a		1,146		9,439		8,943			1,233
Insurance consulting service income received from Fanhua Lianxing	a		494		7,831		12,375			1,707
Trust consulting service income accrued from Fanhua Lianxing	b		-		1,425		5,688			784
Trust consulting service income received in advance from Fanhua Lianxing	b		-		3,010		4,527			624
Trust consulting service income accrued from Fanhua Yuntong	c		-		-		20			3
Trust consulting service income received from Fanhua Yuntong	c		-		-		20			3

Selling expense
Promotion expense accrued to Fanhua Yuntong	d		-		1,243		(59	)		(8	)
Promotion expense paid to Fanhua Yuntong	d		-		975		233			32

(a)	Starting from January 2021, the Group cooperated with Fanhua Lianxing and provided insurance consulting service.

(b)	Starting from January 2022, the Group cooperated with Fanhua Lianxing and provided trust consulting service.

(c)	Starting from May 2023, the Group cooperated with Fanhua Yuntong and provided trust consulting service.

(d)	Starting from August 2021, the Group cooperated with Fanhua Yuntong and Fanhua Yuntong provided client referral service to us. The negative amount in year ended June 30, 2023 was due to a reversal of selling expense in previous year.

Schedule of Amounts Due from Related Parties

Amounts due from related parties:

	As of June 30,
	Note	2022		2023		2023
		RMB		RMB		US$

Fanhua Lianxing	a		2,895		-		-
Total			2,895		-		-

	As of June 30,
	Note	2022			2023		2023
		RMB			RMB		US$

Fanhua Lianxing	b		(1,500	)		-		-
Total			(1,500	)		-		-

	As of June 30,
	Note	2022			2023		2023
		RMB			RMB		US$

Fanhua Yuntong	d		(292	)		-		-
Total			(292	)		-		-

Investors' Deposit

12 Months Ended

Jun. 30, 2023

Investors Deposit [Abstract]

INVESTORS' DEPOSIT

12. INVESTORS’ DEPOSIT

As of June 30, 2023, the balance of RMB8,258 represents the investors’ uninvested cash balances temporarily deposited in the Group’s bank account. These cash balances were under the custody and supervision of the designated financial institution as required by China Securities Regulatory Commission, for the purpose of preventing misuse of investors’ funds.

Property and Equipment, Net (Tables)

12 Months Ended

Jun. 30, 2023

Property and Equipment, Net [Abstract]

Schedule of Property and Equipment, Net

Property and equipment, net, is comprised of the following:

	As of June 30,
	2022			2023			2023
	RMB			RMB			US$

Furniture, office equipment, fixtures		5,151			3,920			541
Leasehold improvements		11,405			737			102
Motor vehicles		1,932			1,932			266
		18,488			6,589			909
Less: Accumulated depreciation		(9,332	)		(5,023	)		(693	)
Property and equipment, net		9,156			1,566			216

Statutory Reserve

12 Months Ended

Jun. 30, 2023

Statutory Reserve [Abstract]

STATUTORY RESERVE

20. STATUTORY RESERVE

Subsidiaries and the VIEs operate in the PRC are required to reserve 10% of their net profits after income tax, as determined in accordance with the PRC accounting rules and regulations. Appropriation to the statutory reserve by the Group is based on profit arrived at under PRC accounting standards for business enterprises for each year.

The profit arrived at must be set off against any accumulated losses sustained by the Group in prior years, before allocation is made to the statutory reserve. Appropriation to the statutory reserve must be made before distribution of dividends to shareholders. The appropriation is required until the statutory reserve reaches 50% of the registered capital. This statutory reserve is not distributable in the form of cash dividends. As of June 30, 2022 and 2023, the balance of statutory reserve was RMB23,314 and RMB23,071, respectively.

Other Receivables and Current Assets

12 Months Ended

Jun. 30, 2023

Other Receivables [Abstract]

OTHER RECEIVABLES AND CURRENT ASSETS

7. OTHER RECEIVABLES AND CURRENT ASSETS

Other receivables and current assets consist of the following:

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$

Advances to staff		855		589		81
Prepayments to service providers		5,252		4,523		624
Rental deposits		5,523		2,554		352
Income tax prepayments		2,666		-		-
Consideration receivable from disposal of a subsidiary		-		20,000		2,759
Other		2		-		-
Other receivables and current assets		14,298		27,666		3,816

Loss Per Share (Details) - Schedule of Basic and Diluted Net Loss Per Ordinary Share ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥) ¥ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 CNY (¥) ¥ / shares shares	Jun. 30, 2021 CNY (¥) ¥ / shares shares
Numerator:
Net loss	¥ (43,577)	$ (6,010)	¥ (60,667)	¥ (46,066)
Less: Net income (loss) attributable to the non-controlling interests				304
Net loss attributable to the Group’s shareholders	¥ (43,577)	$ (6,010)	¥ (60,667)	¥ (46,370)
Denominator:
Weighted average number of ordinary shares outstanding (in Shares)	90,472,014	90,472,014	90,472,014	90,472,014
Basic & diluted net loss per ordinary share (in Dollars per share and Yuan Renminbi per share) \| (per share)	¥ (0.482)	$ (0.066)	¥ (0.671)	¥ (0.513)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Short-Term Investments (Tables)

12 Months Ended

Jun. 30, 2023

Short-Term Investments [Abstarct]

Schedule of Investment Balances

The following table summarizes the Group’s investment balances:

	As of June 30,
	2022		2023		2023
	RMB		RMB		US$
Short-term investments
- Private fund product		5,000		-		-
Total short-term investments		5,000		-		-

Property and Equipment, Net (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2021 USD ($)
Property and Equipment, Net [Line Items]
Depreciation expense (in Yuan Renminbi)	¥ 3,545	$ 489	¥ 5,603		¥ 3,165
impairment for property and equipment
Furniture, office equipment, fixtures and leasehold improvements [Member]
Property and Equipment, Net [Line Items]
Disposal loss of due to termination of rental offices		$ 2,915

Condensed Financial Statements of the Company (Tables)

12 Months Ended

Jun. 30, 2023

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Statements of Financial Position

	As of June 30,
	2022			2023			2023
	RMB			RMB			US$

ASSETS:
Current assets:
Cash and cash equivalents		11,732			2,605			359
Amounts due from other subsidiaries		77			809			112
Total current assets		11,809			3,414			471
Investments in subsidiaries		248,459			213,620			29,459
Total assets		260,268			217,034			29,930

LIABILITIES AND EQUITY:
LIABILITIES:
Current liabilities:
Other payables and accrued expenses		217			-			-
Total current liabilities		217			-			-
Total liabilities		217			-			-

Commitments and contingencies
EQUITY:
Ordinary shares (2,000,000,000 shares at US$0.001 each authorized, and 90,472,014 shares issued and outstanding as of June 30, 2022 and 2023)		600			600			83
Additional paid-in capital		224,694			224,694			30,987
Retained earnings		35,150			(8,427	)		(1,163	)
Accumulated other comprehensive income		(393	)		167			23
Total equity		260,051			217,034			29,930
Total liabilities and equity		260,268			217,034			29,930

Schedule of Condensed Statements of Operations and Comprehensive Income (loss)

	Years ended June 30,
	2021			2022			2023			2023
	RMB			RMB			RMB			US$

General and administrative expenses		(1,369	)		(1,610	)		(2,084	)		(288	)
Other income, net		68			227			286			40
Equity in loss of subsidiaries		(45,067	)		(59,220	)		(41,771	)		(5,761	)
Loss before income taxes		(46,368	)		(60,603	)		(43,569	)		(6,009	)
Income tax expense		(2	)		(64	)		(8	)		(1	)
Net loss		(46,370	)		(60,667	)		(43,577	)		(6,010	)
Other comprehensive income (loss), net of tax: Foreign currency translation adjustments		(1,277	)		417			560			77
Total Comprehensive loss		(47,647	)		(60,250	)		(43,017	)		(5,933	)

Related Party Transactions (Details) - Schedule of Related Parties with Whom the Group Conducted Significant Transactions, and Relationship	12 Months Ended
	Jun. 30, 2023
Fanhua Inc. (“Fanhua”) [Member]
Schedule of Related Parties with Whom the Group Conducted Significant Transactions, and Relationship [Abstract]
Relationship	Shareholder of Puyi since September 2018 who has approximately 4.5% of Puyi and shares a common director with the Group.
Fanhua Lianxing Insurance Sales Co., Ltd. (“Fanhua Lianxing”) [Member]
Schedule of Related Parties with Whom the Group Conducted Significant Transactions, and Relationship [Abstract]
Relationship	Subsidiary of Fanhua Inc.
Fanhua Yuntong Enterprise Management Advisory (Shenzhen) Co., Ltd. (“Fanhua Yuntong”) [Member]
Schedule of Related Parties with Whom the Group Conducted Significant Transactions, and Relationship [Abstract]
Relationship	Subsidiary of Fanhua Inc.