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CONTRACT COSTS, NET (Tables)
6 Months Ended
Dec. 31, 2021
CONTRACT COSTS, NET  
Summary of contract costs, net

Contract costs, net consisted of the following:

    

June 30, 

    

December 31,

    

December 31,

2021

2021

2021

RMB

U.S. Dollars

Third Party

 

RMB

 

(Unaudited)

(Unaudited)

Contract costs

 

¥

53,344,816

¥

33,275,972

$

5,230,905

Allowance for credit losses

 

 

(4,548,910)

 

 

(1,911,499)

 

(300,483)

Total contract costs, net

 

¥

48,795,906

¥

31,364,473

$

4,930,422

Summary of movement of allowance for credit costs

Movement of allowance for credit losses of contract costs is as follows:

    

June 30, 

    

December 31,

    

December 31,

2021

2021

2021

RMB

U.S. Dollars

RMB

 

(Unaudited)

(Unaudited)

Beginning balance

 

¥

139,762

 

¥

4,548,910

$

715,078

Charge to (reversal of) credit losses

 

 

4,647,802

 

 

(2,676,267)

 

(420,703)

Charge to cost of sales

38,856

6,108

Less: write-off

(238,654)

Ending balance

 

¥

4,548,910

 

¥

1,911,499

$

300,483