XML 21 R11.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2

ACCOUNTS RECEIVABLE, NET

6 Months Ended

Dec. 31, 2023

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

NOTE 3. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:

​

​	​	​	​	​	​	​	​	​	​
​		June 30,			December 31,			December 31,
​	​	2023		​	2023		​	2023
​	​	​		​	RMB		​	US Dollars
Third Parties	​	RMB		​	(Unaudited)		​	(Unaudited)
Trade accounts receivable		¥	27,606,257		¥	31,553,107	​	$	4,444,162
Allowance for credit losses		​	(152,842)		​	(739,222)	​		(104,117)
Total third-parties, net		¥	27,453,415		¥	30,813,885	​	$	4,340,045

​

​	​	​	​	​	​	​	​	​	​
​	​	June 30,		​	December 31,		​	December 31,
​	​	2023		​	2023		​	2023
​		​			RMB			US Dollars
Third Parties- long-term	​	RMB		​	(Unaudited)		​	(Unaudited)
Trade accounts receivable		¥	842,607		¥	1,307,791	​	$	184,199
Allowance for credit losses		​	(842,607)		​	(1,307,791)	​	​	(184,199)
Total third-parties, net		¥	—		¥	—	​	$	—

​

Net recovery of provision made for credit losses of accounts receivable due from third parties was ¥4,012,249 for the six months ended December 31, 2022. Provision for credit losses of accounts receivable due from third parties was ¥1,051,564 for the six months ended December 31, 2023.

As the date of this report, approximately 28.6%, or ¥8.8 million ($1.2 million) of net outstanding balance as of December 31, 2023 has been collected.

Movement of allowance for doubtful accounts is as follows:

​

​	​	​	​	​	​	​	​	​	​
​		June 30,			December 31,			December 31,
​	​	2023		​	2023		​	2023
​	​	​		​	RMB		​	US Dollars
​	​	RMB		​	(Unaudited)		​	(Unaudited)
Beginning balance		¥	9,612,470	​	¥	995,449	​	$	140,206
Charge to (reversal of) credit losses		​	(8,767,356)	​	​	1,051,564	​	​	148,110
Foreign currency translation adjustments	​	​	150,335	​	​	—	​	​	—
Ending balance		¥	995,449	​	¥	2,047,013	​	$	288,316

​

X

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//310-10/tableOfContent

+ Details

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

X

- References

No definition available.

+ Details

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