PROPERTY AND EQUIPMENT, NET

12 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 7. PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following:

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

Motor vehicles	¥	2,620,560	¥	2,683,250	$	433,608

Office equipment and fixtures		467,784		593,654		95,933

Total property and equipment		3,088,344		3,276,904		529,541

Less: Accumulated depreciation		(1,313,524)		(1,567,058)		(253,234)

Property and equipment, net	¥	1,774,820	¥	1,709,846	$	276,307

Depreciation expense was ¥361,790 and ¥618,552 ($99,957) for the years ended June 30, 2012 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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