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CONSOLIDATED BALANCE SHEETS
Jun. 30, 2015
USD ($)
Jun. 30, 2015
CNY (¥)
Jun. 30, 2014
CNY (¥)
Current assets      
Cash and cash equivalents $ 2,027,481 ¥ 12,344,929 ¥ 18,094,586
Notes receivable 690,699 4,205,530 0
Trade accounts receivable, net 8,570,884 52,186,397 43,553,737
Trade accounts receivable- related parties, net 783,373 4,769,800 7,479,298
Inventories, net 1,781,140 10,845,007 14,336,602
Deferred tax asset 286,115 1,742,098 1,209,961
Total current assets 20,449,388 124,512,236 133,399,423
Property and equipment, net 438,010 2,666,953 1,321,538
Long-term other receivable 448,205 2,729,033 5,353,104
Total Assets 22,064,920 134,348,887 154,530,382
Current liabilities      
Short-term bank loans 1,149,652 7,000,000 10,000,000
Trade accounts payable 2,238,058 13,627,088 11,413,505
Trade accounts payable- related parties 579,540 3,528,705 0
Deferred revenue 375,366 2,285,529 4,419,824
Advances from customers 86,996 529,700 801,385
Accrued payroll and employees' welfare 40,532 246,789 417,624
Accrued expenses 32,715 199,166 203,051
Taxes payable 189,400 1,153,216 7,589,846
Deferred tax liability 29,593 180,186 180,186
Warrants liability 0 0 5,021,621
Total current liabilities 8,553,422 52,080,043 50,325,873
Equity      
Common stock, ($ 0.0185 U.S. dollar par value, 25,000,000 and 100,000,000 shares authorized as of June 30, 2014 and June 30, 2015, respectively); 4,717,336 and 5,427,946 shares issued and outstanding as of June 30, 2014 and June 30, 2015, respectively) 114,508 697,217 616,865
Additional paid-in capital 15,198,674 92,541,687 83,061,058
Appropriated retained earnings 681,403 4,148,929 4,148,929
Unappropriated retained earnings (3,781,526) (23,024,935) 8,431,453
Accumulated other comprehensive loss (52,155) (317,551) (279,275)
Total shareholders’ equity 12,160,904 74,045,347 95,979,030
Non-controlling interest 1,350,594 8,223,497 8,225,479
Total equity 13,511,498 82,268,844 104,204,509
Total Liabilities and Equity 22,064,920 134,348,887 154,530,382
All Other [Member]      
Current assets      
Other receivables, net 2,966,852 18,064,568 18,293,043
Purchase advances, net 3,058,490 18,622,538 25,759,065
Prepaid expenses 135,711 826,314 2,634,664
Long-term trade accounts receivable, net 729,317 4,440,665  
Current liabilities      
Other payables 345,398 2,103,057 1,765,079
Related Party [Member]      
Current assets      
Trade accounts receivable, net 783,373 4,769,800 7,479,298
Other receivables, net 14,949 91,021 1,414,433
Purchase advances, net 64,715 394,034 394,034
Prepaid expenses 68,979 420,000 230,000
Long-term trade accounts receivable, net 0 0 14,456,317
Current liabilities      
Other payables 707,808 4,309,702 3,306,024
Short-term borrowings $ 2,778,364 ¥ 16,916,905 ¥ 5,207,728