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LONG-TERM BORROWINGS DUE TO RELATED PARTY (Tables) | 6 Months Ended
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Dec. 31, 2021
LONG-TERM BORROWINGS DUE TO RELATED PARTY |
Schedule of Long-term borrowings due to related party | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31, |  | December 31,
​ | ​ | 2021 | ​ | 2021 | ​ | 2021
​ | ​ | ​ | ​ | RMB | ​ | U.S. Dollars
Long-term borrowings due to related party: | ​ | RMB | ​ | (Unaudited) | ​ | (Unaudited)
Long-term borrowing from a Founder, monthly payments of ¥126,135 inclusive of interest at 8.90%, ten years loan, due in November 2027. |  | ¥ | 7,406,617 |  | ¥ | 6,968,541 |  | $ | 1,095,438
Less: current portion |  | ​ | (920,066) |  | ​ | (958,916) |  | ​ | (150,739)
Total long-term borrowings due to related party |  | ¥ | 6,486,551 |  | ¥ | 6,009,625 | ​ | $ | 944,699
Schedule of future maturities of long-term borrowings due to related party | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | RMB |  | U.S. Dollars
Twelve months ending December 31, | ​ | (Unaudited) | ​ | (Unaudited)
2022 |  | ¥ | 958,916 | ​ | $ | 150,739
2023 |  | ​ | 1,019,695 | ​ |  | 160,294
2024 |  | ​ | 1,114,243 | ​ |  | 175,156
2025 |  | ​ | 1,217,558 | ​ |  | 191,397
2026 |  | ​ | 1,330,452 | ​ |  | 209,144
Thereafter |  | ​ | 1,327,677 | ​ |  | 208,708
Total |  | ¥ | 6,968,541 | ​ | $ | 1,095,438

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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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