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RELATED PARTY TRANSACTIONS AND BALANCES
 6 Months Ended
Dec. 31, 2013
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
NOTE 20. RELATED PARTY TRANSACTIONS AND BALANCES
 
Sales to related parties– sales to related parties consisted of the following:
 
 
 
For the three months ended December 31,
 
 
 
2012
 
2013
 
2013
 
 
 
RMB
 
RMB
 
U.S. Dollars
 
 
 
 
 
 
 
 
 
 
 
 
Beijing Yabei Nuoda Science and Technology Co. Ltd.
 
¥
1,644,470
 
¥
1,242,073
 
$
203,272
 
 
 
 
 
 
 
 
 
 
 
 
Xiamen Henda Haitian computer network Inc
 
 
555,556
 
 
384,615
 
 
62,944
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from related parties
 
¥
2,200,026
 
¥
1,626,688
 
$
266,216
 
 
 
 
For the six months ended December 31,
 
 
 
2012
 
2013
 
2013
 
 
 
RMB
 
RMB
 
U.S. Dollars
 
 
 
 
 
 
 
 
 
 
 
 
Beijing Yabei Nuoda Science and Technology Co. Ltd.
 
¥
2,176,521
 
¥
1,358,546
 
$
222,333
 
 
 
 
 
 
 
 
 
 
 
 
Beijing Adaer Oil Technology Co., Ltd.
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Xiamen Henda Haitian computer network Inc
 
 
555,556
 
 
683,760
 
 
111,901
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from related parties
 
¥
2,732,077
 
¥
2,042,306
 
$
334,234
 
 
Purchases from related parties – purchases from related parties consisted of the following:
 
 
 
For the three months ended December 31,
 
 
 
2012
 
2013
 
2013
 
 
 
RMB
 
RMB
 
U.S. Dollars
 
 
 
 
 
 
 
 
 
 
 
 
Huanghua Xiang Tong Manufacture
 
¥
4,836,207
 
¥
-
 
$
-
 
Xiamen Huangsheng Hitek Computer Network Co. Ltd.
 
 
597,863
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Purchase from related parties
 
¥
5,434,070
 
¥
-
 
$
-
 
 
 
 
For the six months ended December 31,
 
 
 
2012
 
2013
 
2013
 
 
 
RMB
 
RMB
 
U.S. Dollars
 
 
 
 
 
 
 
 
 
 
 
 
Huanghua Xiang Tong Manufacture
 
¥
7,331,353
 
¥
-
 
$
-
 
Xiamen Huangsheng Hitek Computer Network Co. Ltd.
 
 
597,863
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Purchase from related parties
 
¥
7,929,216
 
¥
-
 
$
-
 
 
Leases from related parties - The Company has 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 continue to lease the property for two years at a monthly rent of ¥93,333 with the annual rental expense at approximately ¥1.1 million ($0.2 million).
 
Short-term borrowings from related parties - The Company borrowed ¥5,503,279 and ¥200,000 ($32,731) from the Founders, their family members and senior officers as of June 30, 2013 and December 31, 2013, respectively. For the specific terms and interest rates of the borrowings, please see Note 12.
 
Trade accounts payable to related parties - The Company owed ¥3,994,718 and ¥0 to one related party as of June 30, 2013 and December 31, 2013. As of December 31, 2013, BHD was no longer a related party to this supplier.
 
Expenses paid by the owner on behalf of Recon -  One owner of Nanjing Recon, Mr. Yin and the major owner of BHD, Mr. Chen paid certain operating expense for the Company. As of June 30, 2013 and December 31, 2013, ¥467,499 and ¥527,098($86,262) was due to them, respectively.