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SHORT-TERM BORROWINGS (Tables) | 6 Months Ended
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Dec. 31, 2019
Short-term Debt [Line Items] |
Schedule of short-term borrowings | Short-term borrowings due to third party consisted of the following:
|  | June 30, |  | December 31, |  | December 31,
|  | 2019 |  | 2019 |  | 2019
Short-term borrowings due to third party: |  | RMB |  | RMB |  | U.S. Dollars
Short-term borrowing, 10% annual interest, due on September 8, 2019 |  | ¥ | 1,081,096 |  | ¥ | — |  | $ | —
Total short-term borrowings due to third party |  | ¥ | 1,081,096 |  | ¥ | — |  | $ | —
Related Party [Member] |
Short-term Debt [Line Items] |
Schedule of short-term borrowings | Short-term borrowings due to related parties consisted of the following:
|  | June 30, |  | December 31, |  | December 31,
|  | 2019 |  | 2019 |  | 2019
Short-term borrowings due to related parties: |  | RMB |  | RMB |  | U.S. Dollars
Short-term borrowing from a Founder, 5.65% annual interest, due on December 19, 2019* |  | ¥ | 5,008,640 |  | ¥ | — |  | $ | —
Short-term borrowing from a Founder, 5.65% annual interest, due on March 27, 2020 |  |  | 4,001,885 |  |  | 4,001,885 |  |  | 574,324
Short-term borrowing from a Founder, 5.65% annual interest, due on December 19, 2020 |  |  |  |  |  | 5,009,425 |  |  | 718,919
Short-term borrowing from a Founder, interest-free, due on September 24, 2020^ |  |  | — |  |  | 450,000 |  |  | 64,581
Short-term borrowing from a Founder's family member, interest-free, due on November 05, 2020^ |  |  | — |  |  | 2,470,000 |  |  | 354,477
Total short-term borrowings due to related parties |  | ¥ | 9,010,525 |  | ¥ | 11,931,310 |  | $ | 1,712,301

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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