XML 30 R21.htm IDEA: XBRL DOCUMENT v3.22.1

SHORT-TERM BORROWINGS

6 Months Ended

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.

X

- References

No definition available.

+ Details

Name:	us-gaap_ShortTermBorrowingsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ShortTermDebtTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration