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PURCHASE ADVANCES

12 Months Ended

Jun. 30, 2013

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets Disclosure [Text Block]

NOTE 5. PURCHASE ADVANCES

The Company purchased products and services from a third-party and a related party during the normal course of business. Purchase advances consisted of the following at June 30, 2012 and 2013:

		June 30,  2012			June 30,  2013			June 30,  2013
Third Party		RMB			RMB			U.S. Dollars
Prepayment for inventory purchase		¥	17,046,653		¥	19,237,449		$	3,108,731
Allowance for doubtful accounts			(796,037)			(824,942)			(133,309)
Total		¥	16,250,616		¥	18,412,507		$	2,975,422

Below is a summary of purchase advances to related party.

		June 30,  2012			June 30,  2013			June 30,  2013
Related Party		RMB			RMB			U.S. Dollars
Xiamen Huangsheng Hitek Computer Network Co. Ltd.		¥	1,093,534		¥	394,034		$	63,675
Total		¥	1,093,534		¥	394,034		$	63,675

One of the Founders of the Company and his family member collectively own 57% of Xiamen Huasheng Haitian Computer Network Co. Ltd.

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The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets.

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