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PROPERTY AND EQUIPMENT, NET

12 Months Ended

Jun. 30, 2015

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, 2014			June 30, 2015			June 30, 2015
		RMB			RMB			U.S. Dollars
Motor vehicles		¥	2,314,296		¥	3,790,474		$	622,532
Office equipment and fixtures			709,165			797,791			131,026
Total property and equipment			3,023,461			4,588,265			753,558
Less: Accumulated depreciation			(1,701,923)			(1,921,312)			(315,548)
Property and equipment, net		¥	1,321,538		¥	2,666,953		$	438,010

Depreciation expense was ¥595,647 and ¥526,046 ($86,396) for the years ended June 30, 2014 and 2015, respectively.

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- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



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-Name Accounting Standards Codification



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