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PROPERTY AND EQUIPMENT, NET
6 Months Ended
Dec. 31, 2021
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

NOTE 9. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

    

June 30, 

    

December 31,

    

December 31,

2021

2021

2021

RMB

U.S. Dollars

RMB

(Unaudited)

(Unaudited)

Motor vehicles

 

¥

5,097,921

 

¥

5,097,920

$

801,382

Office equipment and fixtures

 

1,385,084

 

1,481,943

 

232,958

Production equipment

 

30,559,275

 

30,695,149

 

4,825,205

Total property and equipment

 

37,042,280

 

37,275,012

 

5,859,545

Less: accumulated depreciation

 

(9,135,200)

 

(10,387,871)

 

(1,632,949)

Less: Impairment for property and equipment

 

(768,312)

 

(768,312)

(120,777)

Property and equipment, net

 

¥

27,138,768

 

¥

26,118,829

$

4,105,819

Depreciation expenses was ¥1,355,970 and ¥1,318,517 ($207,268) for the six months ended December 31, 2020 and 2021, respectively.

Loss from property and equipment disposal was ¥1,095 and ¥35,279 ($5,546) for the six months ended December 31, 2020 and 2021, respectively.