XML 77 R11.htm IDEA: XBRL DOCUMENT

INVENTORIES

6 Months Ended

Dec. 31, 2013

NOTE 6. INVENTORIES

Inventories consisted of the following:

	June 30, 2013		December 31, 2013		December 31, 2013
	RMB		RMB		U.S. Dollars

Small component parts	¥	45,314	¥	52,922	$	8,661

Work in process		1,356,755		1,820,448		297,926

Finished goods		11,869,001		20,197,358		3,305,407

Total inventories	¥	13,271,070	¥	22,070,728	$	3,611,994

There was no inventory obsolescence reserve at June 30, 2013 and December 31, 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.

+ References+ Details