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INVENTORIES, NET (Tables)
6 Months Ended
Dec. 31, 2019
INVENTORIES, NET  
Schedule of inventories

Inventories consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

    

June 30, 

    

December 31,

    

December 31,

 

 

2019

 

2019

 

2019

 

 

RMB

 

RMB

 

U.S. Dollars

Small component parts

 

¥

57,060

 

¥

57,061

 

$

8,190

Purchased goods and raw materials

 

 

226,868

 

 

270,952

 

 

38,885

Work in process and goods on site

 

 

533,924

 

 

305,591

 

 

43,856

Finished goods

 

 

452,671

 

 

1,162,807

 

 

166,878

Allowance for slow moving inventory

 

 

 —

 

 

 —

 

 

 —

Total inventories, net

 

¥

1,270,523

 

¥

1,796,411

 

$

257,809

 

Schedule of movement of allowance for slow-moving inventories

Movement of allowance for slow-moving inventories is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

    

June 30, 

    

December 31,

    

December 31,

 

 

2019

 

2019

 

2019

 

 

RMB

 

RMB

 

U.S. Dollars

Beginning balance

 

¥

1,399,524

 

¥

 —

 

$

 —

Charge to cost of sales

 

 

65,380

 

 

25,312

 

 

3,633

Less: Selling of slow-moving items

 

 

(1,464,904)

 

 

(25,312)

 

 

(3,633)

Ending balance

 

¥

 —

 

¥

 —

 

$

 —