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LONG-TERM BORROWINGS DUE TO RELATED PARTIES | 12 Months Ended
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Jun. 30, 2025
LONG-TERM BORROWINGS DUE TO RELATED PARTIES |
LONG-TERM BORROWINGS DUE TO RELATED PARTIES | NOTE 18. LONG-TERM BORROWINGS DUE TO RELATED PARTIES Long-term borrowings due to related parties consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | June 30, |  | June 30,
​ | ​ | 2024 | ​ | 2025 | ​ | 2025
Long-term borrowings due to related parties: | ​ | RMB | ​ | RMB | ​ | US Dollars
Long-term borrowing from a Founder, 3.75% annual interest, three years loan, due on April 29, 2027 |  | ¥ | 10,000,000 | ​ | ¥ | 10,000,000 | ​ | $ | 1,395,946
Total long-term borrowings due to related parties |  | ¥ | 10,000,000 | ​ | ¥ | 10,000,000 | ​ | $ | 1,395,946
​ No long-term borrowings due to related parties were guaranteed or collateralized as of June 30, 2024 and 2025. Interest expense for long-term borrowings due to related parties were ¥472,593, ¥34,375 and ¥380,208 ($53,075) for the years ended June 30, 2023, 2024 and 2025, respectively.

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