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SHORT-TERM BORROWINGS | 6 Months Ended
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Dec. 31, 2021
SHORT-TERM BORROWINGS |
SHORT-TERM BORROWINGS | NOTE 15. SHORT-TERM BORROWINGS Short-term borrowings due to third parties consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31, | ​ | December 31,
​ | ​ | 2021 | ​ | 2021 | ​ | 2021
​ |  | ​ |  | RMB |  | U.S. Dollars
Short-term borrowings due to third parties: | ​ | RMB | ​ | (Unaudited) | ​ | (Unaudited)
Short-term borrowing, 15% annual interest, due on September 23, 2021* | ​ | ¥ | 230,000 | ​ | ¥ | — | ​ | $ | —
Short-term borrowing, interest-free, due on May 12, 2022* | ​ | ​ | 200,000 | ​ | ​ | — | ​ | ​ | —
Short-term borrowing, interest-free, due on June 21, 2022* | ​ | ​ | 100,000 | ​ | ​ | — | ​ | ​ | —
Short-term borrowing, interest-free, due on September 19, 2022 | ​ | ​ | — | ​ | ​ | 260,000 | ​ | ​ | 40,871
Total short-term borrowings due to third parties | ​ | ¥ | 530,000 | ​ | ¥ | 260,000 | ​ | $ | 40,871
​ * The Company repaid the loans in full. Interest expense for short-term borrowings due to a third party were ¥15,699 and ¥nil for the six months ended December 31, 2020 and 2021, respectively. Short-term borrowings due to related parties consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31, |  | December 31,
​ | ​ | 2021 | ​ | 2021 | ​ | 2021
​ | ​ | ​ | ​ | ​ | RMB | ​ | U.S. Dollars
Short-term borrowings due to related parties: | ​ | RMB | ​ | (Unaudited) | ​ | (Unaudited)
Short-term borrowing from a Founder, 4.35% annual interest, due on December 21, 2021* |  | ¥ | 5,006,042 |  | ¥ | — | ​ | $ | —
Short-term borrowing from a Founder, 4.35% annual interest, due on March 25, 2022 | ​ | ​ | 4,000,000 | ​ | ​ | 4,000,000 | ​ | ​ | 628,790
Short-term borrowing from a Founder's family member, 0% annual interest, due on December 31, 2021* | ​ | ​ | 670,000 | ​ | ​ | — | ​ | ​ | —
Short-term borrowing from a Founder's family member, 0% annual interest, due on March 24, 2022 | ​ | ​ | 3,000,000 | ​ | ​ | 147,500 | ​ | ​ | 23,187
Short-term borrowing from a Founder, 4.30% annual interest, due on December 26, 2022 | ​ | ​ | — | ​ | ​ | 5,001,792 | ​ | ​ | 786,270
Total short-term borrowings due to related parties |  | ¥ | 12,676,042 |  | ¥ | 9,149,292 | ​ | $ | 1,438,247
​ * The Company repaid the loans in full on maturity date. No short-term borrowings due to related parties were guaranteed or collateralized at June 30, 2021 and December 31, 2021. Interest expense for short-term borrowings due to related parties were ¥234,675 and ¥193,442 ($30,409) for the six months ended December 31, 2020 and 2021, respectively.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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