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PROPERTY AND EQUIPMENT, NET

3 Months Ended

Sep. 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,  2015			September 30, 2015			September 30, 2015
		RMB			RMB			U.S. Dollars
Motor vehicles		¥	3,790,474		¥	4,050,440		$	637,483
Office equipment and fixtures			797,791			797,791			125,561
Leasehold improvement			-			210,299			33,098
Total property and equipment			4,588,265			5,058,530			796,142
Less: Accumulated depreciation			(1,921,312)			(2,181,080)			(343,271)
Property and equipment, net		¥	2,666,953		¥	2,877,450		$	452,871

Depreciation expense was ¥121,347 and ¥ 259,768 ($40,884) for the three months ended September 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.

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