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PROPERTY AND EQUIPMENT, NET (Tables)

6 Months Ended

Dec. 31, 2019

PROPERTY AND EQUIPMENT, NET

Schedule of Property and equipment

		June 30,			December 31,			December 31,
		2019			2019			2019
		RMB			RMB			U.S. Dollars
Motor vehicles		¥	4,923,152		¥	4,741,366		$	680,449
Office equipment and fixtures			1,350,235			1,363,202			195,638
Production equipment			2,580,628			2,580,628			370,354
Total property and equipment			8,854,015			8,685,196			1,246,441
Less: Accumulated depreciation			(5,192,694)			(5,417,970)			(777,551)
Property and equipment, net		¥	3,661,321		¥	3,267,226		$	468,890
Construction in progress		¥	21,524,994		¥	23,143,654		$	3,321,421

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ 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(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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