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CONSOLIDATED BALANCE SHEETS
Jun. 30, 2016
USD ($)
Jun. 30, 2016
CNY (¥)
Jun. 30, 2015
CNY (¥)
Current assets      
Cash $ 273,560 ¥ 1,817,620 ¥ 12,344,929
Notes receivable 701,377 4,660,177 4,205,530
Trade accounts receivable, net 5,733,855 38,097,626 52,186,397
Trade accounts receivable- related parties, net 0 0 4,769,800
Inventories, net 950,144 6,313,070 10,845,007
Deferred tax assets 0 0 1,742,098
Total current assets 11,185,812 74,322,220 124,512,236
Property and equipment, net 437,631 2,907,762 2,666,953
Long-term trade accounts receivable, net 334,169 2,220,332 4,440,665
Long-term other receivable 0 0 2,729,033
Total Assets 11,957,612 79,450,314 134,348,887
Current liabilities      
Short-term bank loans 0 0 7,000,000
Trade accounts payable 1,134,867 7,540,430 13,627,088
Trade accounts payable- related parties 0 0 3,528,705
Deferred revenue 61,207 406,681 2,285,529
Advances from customers 30,191 200,600 529,700
Accrued payroll and employees' welfare 57,359 381,109 246,789
Accrued expenses 39,334 261,348 199,166
Taxes payable 113,763 755,880 1,153,216
Short-term borrowings 79,767 530,000 0
Deferred tax liability 27,119 180,186 180,186
Total current liabilities 4,492,630 29,850,518 52,080,043
Equity      
Common stock, ($ 0.0185 U.S. dollar par value, 100,000,000 shares authorized; 5,427,946 and 5,804,005 shares issued and outstanding as of June 30, 2015 and 2016, respectively) 111,594 741,467 697,217
Additional paid-in capital 15,142,604 100,612,455 92,541,687
Statutory reserve 624,432 4,148,929 4,148,929
Accumulated deficits (9,618,353) (63,907,512) (23,024,935)
Accumulated other comprehensive loss (32,966) (219,040) (317,551)
Total shareholders’ equity 6,227,311 41,376,299 74,045,347
Non-controlling interest 1,237,671 8,223,497 8,223,497
Total equity 7,464,982 49,599,796 82,268,844
Total Liabilities and Equity 11,957,612 79,450,314 134,348,887
All Other [Member]      
Current assets      
Other receivables, net 3,311,111 22,000,112 18,064,568
Purchase advances, net 199,163 1,323,305 18,622,538
Prepaid expenses 16,602 110,310 826,314
Current liabilities      
Other payables 447,328 2,972,192 2,103,057
Short-term borrowings 79,767 530,000 0
Related Party [Member]      
Current assets      
Trade accounts receivable- related parties, net 0 0 4,769,800
Other receivables, net 0 0 91,021
Purchase advances, net 0 0 394,034
Prepaid expenses 0 0 420,000
Current liabilities      
Other payables 553,892 3,680,244 4,309,702
Short-term borrowings $ 1,947,803 ¥ 12,941,848 ¥ 16,916,905