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RELATED PARTY TRANSACTIONS AND BALANCES
 12 Months Ended
Jun. 30, 2013
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
NOTE 19. RELATED PARTY TRANSACTIONS AND BALANCES
 
Sales to related parties – sales to related parties consisted of the following:
 
 
 
For the years ended June 30,
 
 
 
2012
 
2013
 
2013
 
 
 
RMB
 
RMB
 
U.S. Dollars
 
Beijing Yabei Nuoda Science and Technology Co. Ltd.
 
¥
7,909,994
 
¥
8,815,773
 
$
1,424,610
 
 
 
 
 
 
 
 
 
 
 
 
Xiamen Henda Haitian computer network Inc
 
 
-
 
 
897,436
 
 
145,024
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from related parties
 
¥
7,909,994
 
¥
9,713,209
 
$
1,569,634
 
 
Purchases from related parties – purchases from related parties consisted of the following:
 
 
 
For the years ended June 30,
 
 
 
2012
 
2013
 
2013
 
 
 
RMB
 
RMB
 
U.S. Dollars
 
Huanghua Xiang Tong Manufacture
 
¥
5,339,231
 
¥
9,247,580
 
$
1,494,389
 
Beijing Yabei Nuoda Science and Technology Co. Ltd.
 
 
205,128
 
 
-
 
 
-
 
Xiamen Huangsheng Hitek Computer Network Co. Ltd.
 
 
-
 
 
512,393
 
 
82,802
 
Nanjing Youkong Information Technology Co., Ltd
 
 
1,178,800
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Purchase from related parties
 
¥
6,723,159
 
¥
9,759,973
 
$
1,577,191
 
 
Leases from related parties - The Company entered into various agreements for the lease of office space owned by the Founders and their family members.  The terms of the agreement state that the Company will lease the property for one or two years at a monthly rent of ¥84,333 with annual rental expense at ¥1,012,000 ($163,537).
 
Short-term borrowings from related parties - The Company borrowed ¥4,123,306 and ¥5,503,279 ($889,318) from the Founders, their family members and senior officers as of June 30, 2012 and 2013, respectively. For the specific terms and interest rates of the borrowings, see Note 10.
 
Trade accounts payable to related parties - The Company owed ¥3,994,718 ($645,538) to one related party. As of June 30, 2013, BHD held 6.8% equity interest of this company.
 
Expenses paid by the owner on behalf of Recon -  One owner of Nanjing Recon, Mr. Yin, paid ¥292,419 ($47,254) on behalf of Recon for operating purposes as of June 30, 2012 and 2013.