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INVENTORIES

12 Months Ended

Jun. 30, 2013

NOTE 6. INVENTORIES

Inventories consisted of the following:

	June 30, 2012		June 30, 2013		June 30, 2013
	RMB		RMB		U.S. Dollars

Small component parts	¥	43,107	¥	45,314	$	7,323

Purchased goods and raw materials		398,596		-		-

Work in process		1,256,273		1,356,755		219,249

Finished goods		22,583,324		11,869,001		1,918,005

Total inventories	¥	24,281,300	¥	13,271,070	$	2,144,577

There was not inventory obsolesce reserve at June 30, 2012 and 2013.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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