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PURCHASE ADVANCES, NET | 6 Months Ended
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Dec. 31, 2019
PURCHASE ADVANCES, NET |
PURCHASE ADVANCES, NET | NOTE 8. PURCHASE ADVANCES, NET The Company purchased products and services from third parties during the normal course of business. Purchase advances, net consisted of the following:
|  | June 30, |  | December 31, |  | December 31,
|  | 2019 |  | 2019 |  | 2019
Third Party |  | RMB |  | RMB |  | U.S. Dollars
Prepayment for others |  |  | 1,592,076 |  |  | 483,174 |  |  | 69,342
Allowance for doubtful accounts |  |  | (248,500) |  |  | (296,000) |  |  | (42,480)
Total purchase advances, net |  | ¥ | 1,343,576 |  | ¥ | 187,174 |  | $ | 26,862
Provision for doubtful accounts of purchase advances was ¥369,972 and ¥47,500 ($6,817) for the six months ended December 31, 2018 and 2019, respectively. The Company recorded allowance for these advances and will continue to try to collect or get inventories delivered. These payments were advanced for certain customized equipment of the planned projects. As those projects were delayed or canceled or there is rare chance to be profitable, the Company decided to suspend those projects and recorded allowances related to advanced payments for those projects as the Company may not be able to receive those funds back. Management is still making efforts to collect partially or negotiate with venders for some other alternative solutions to minimize the Company’s loss. Movement of allowance for doubtful accounts is as follows:
|  | June 30, |  | December 31, |  | December 31,
|  | 2019 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | U.S. Dollars
Beginning balance |  | ¥ | 452,632 |  | ¥ | 248,500 |  | $ | 35,663
Charge to expense |  |  | 191,473 |  |  | 47,500 |  |  | 6,817
Less: write-off |  |  | (395,605) |  |  | — |  |  | —
Ending balance |  | ¥ | 248,500 |  | ¥ | 296,000 |  | $ | 42,480

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