TRADE ACCOUNTS RECEIVABLE, NET

6 Months Ended

Dec. 31, 2019

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