Maase Inc. filed a Form 6-K disclosing audited combined financial statements of its acquired subsidiary Real Prospect Limited and subsidiaries as of and for the year ended June 30, 2025, under U.S. GAAP, along with auditor consent and unaudited pro forma condensed combined financial information reflecting the acquisition completed on October 28, 2025. The statements highlight a net loss of RMB 1,354 thousand and material uncertainty related to going concern.
Key takeaways
Real Prospect Limited reported net revenues of RMB 189 thousand, gross loss of RMB 399 thousand, and net loss of RMB 1,354 thousand for the year ended June 30, 2025.
As of June 30, 2025, Real Prospect had total assets of RMB 160,773 thousand, including RMB 112,649 thousand investment in affiliate, and total shareholders' equity of RMB 120,975 thousand.
Auditor Enrome LLP noted material uncertainty on going concern due to net loss RMB 1,354 thousand and negative operating cash flows RMB 977 thousand.
Maase Inc. acquired 100% of Real Prospect on October 28, 2025, issuing 98,002,174 Class A ordinary shares at US$1.5 per share, equivalent to RMB 1,050,500,000.
Pro forma combined net loss attributable to ordinary shareholders of Maase Inc. was RMB 199,458 thousand for the year ended June 30, 2025.
Real Prospect's subsidiary Maisi develops and operates mobile charging robots and charging piles in China.