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TRADE ACCOUNTS RECEIVABLE, NET | 6 Months Ended
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Dec. 31, 2019
TRADE ACCOUNTS RECEIVABLE, NET |
TRADE ACCOUNTS RECEIVABLE, NET | NOTE 4. TRADE ACCOUNTS RECEIVABLE, NET Accounts receivable, net consisted of the following:
|  | June 30, |  | December 31, |  | December 31,
|  | 2019 |  | 2019 |  | 2019
Third Parties |  | RMB |  | RMB |  | U.S. Dollars
Trade accounts receivable |  | ¥ | 72,180,616 |  | ¥ | 66,768,415 |  | $ | 9,582,154
Allowance for doubtful accounts |  |  | (3,645,334) |  |  | (3,704,972) |  |  | (531,713)
Total third-parties, net |  | ¥ | 68,535,282 |  | ¥ | 63,063,443 |  | $ | 9,050,441
|  | June 30, |  | December 31, |  | December 31,
|  | 2019 |  | 2019 |  | 2019
Related Party |  | RMB |  | RMB |  | U.S. Dollars
Urumqi Yikeli Automatic Control Equipment Co., Ltd. |  | ¥ | 3,409,912 |  | ¥ | 3,409,912 |  | $ | 489,368
Total related-party, net |  | ¥ | 3,409,912 |  | ¥ | 3,409,912 |  | $ | 489,368
Net recovery of provision made for doubtful accounts of accounts receivables due to third party was ¥1,305,399 for the six months ended December 31, 2018, and provision made for doubtful accounts of accounts receivables due to third party was ¥59,638 ($8,559) for the six months ended December 31, 2019. 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 |  | ¥ | 3,252,405 |  | ¥ | 3,645,334 |  | $ | 523,154
Charge to expense |  |  | 392,929 |  |  | 59,638 |  |  | 8,559
Ending balance |  | ¥ | 3,645,334 |  | ¥ | 3,704,972 |  | $ | 531,713

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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- References No definition available. + Details
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