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INVENTORIES

12 Months Ended

Jun. 30, 2016

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

NOTE 7. INVENTORIES

Inventories consisted of the following:

		June 30, 2015			June 30, 2016			June 30, 2016
		RMB			RMB			U.S. Dollars
Small component parts		¥	55,332		¥	55,726		$	8,387
Purchased goods and raw materials			244,667			61,361			9,235
Work in process and goods on site			3,552,771			3,539,525			532,714
Finished goods			14,693,073			8,054,637			1,212,257
Allowance for slow moving inventory			(7,700,836)			(5,398,179)			(812,449)
Total inventories, net		¥	10,845,007		¥	6,313,070		$	950,144

Provisions for slow moving inventory were ¥7,700,836 and ¥2,428,290 ($365,468) for the years ended June 30, 2015 and 2016, respectively.

Movement of provisions for slow moving inventory is as follows:

		June 30, 2015			June 30, 2016			June 30, 2016
		RMB			RMB			U.S. Dollars
Beginning balance			-			7,700,836			1,159,009
Charge to cost of sales			7,700,836			2,428,290			365,468
Less: write-off			-			(4,730,947)			(712,028)
Ending balance		¥	7,700,836		¥	5,398,179		$	812,449

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- References

No definition available.

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X

- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

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