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LEASES (Tables)

12 Months Ended

Jun. 30, 2022

LEASES

Summary of operating lease related assets and liabilities recorded on the balance sheets

​

​	​	​	​	​	​	​	​	​	​
​		June 30,			June 30,			June 30,
​	​	2021		​	2022		​	2022
​	​	RMB		​	RMB		​	U.S. Dollars
Rights of use lease assets, net		¥	7,925,930		¥	5,440,590		$	812,305
​	​	​	​	​	​	​	​	​	​
Operating lease liabilities – current			2,226,832			3,892,774	​		581,209
Operating lease liabilities – non-current			4,792,101			2,184,635	​		326,176
Total operating lease liabilities		¥	7,018,933		¥	6,077,409	​	$	907,385

Summary of weighted average remaining lease terms and discount rates for all of operating leases

​

​	​	​	​	​	​
​		June 30, 2021		June 30, 2022
Remaining lease term and discount rate:			​		​
Weighted average remaining lease term (years)		2.59	​	1.73	​
Weighted average discount rate		5.0	%	5.0	%

Summary of maturities of lease liabilities

​

​	​	​	​	​	​	​
Twelve months ending June 30,		RMB			U.S. Dollars
2023		¥	4,073,072	​	$	608,128
2024			2,222,504	​		331,830
Total lease payments			6,295,576	​		939,958
Less: imputed interest			(218,167)	​		(32,573)
Present value of lease liabilities			6,077,409	​		907,385
Less: operating lease liabilities – current			3,892,774	​		581,209
Operating lease liabilities – non-current		¥	2,184,635	​	$	326,176

X

- Definition

The tabular disclosure of operating lease related assets and liabilities recorded on the balance sheets.

+ References

No definition available.

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X

- Definition

The tabular disclosure of weighted average remaining lease terms and discount rates for all of operating leases.

+ References

No definition available.

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- References

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

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