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VARIABLE INTEREST ENTITIES | 12 Months Ended
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Jun. 30, 2025
VARIABLE INTEREST ENTITIES |
VARIABLE INTEREST ENTITIES | NOTE 27. VARIABLE INTEREST ENTITIES VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision-making ability. All VIEs and their subsidiaries with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes. Summary information regarding consolidated VIEs and their subsidiaries is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024 | ​ | June 30, 2025 | ​ | June 30, 2025
​ |  | RMB |  | RMB |  | US Dollars
ASSETS |  | ​ | ​ |  | ​ |  |  | ​ |
Current Assets |  | ​ | ​ |  | ​ |  |  | ​ |
Cash |  | ¥ | 35,357,534 |  | ¥ | 8,486,745 | ​ | $ | 1,184,704
Restricted cash | ​ | ​ | 848,936 | ​ | ​ | 8,204 | ​ | ​ | 1,145
Notes receivable |  | ​ | 1,341,820 |  | ​ | — | ​ |  | —
Accounts receivable, net |  | ​ | 38,631,762 |  | ​ | 35,852,484 | ​ |  | 5,004,814
Inventories, net | ​ | ​ | 1,128,912 | ​ | ​ | 1,344,588 | ​ | ​ | 187,697
Other receivables, net | ​ | ​ | 3,514,776 | ​ | ​ | 4,844,928 | ​ | ​ | 676,326
Loans to third parties-short term | ​ | ​ | 31,008,330 | ​ | ​ | 21,753,233 | ​ | ​ | 3,036,634
Purchase advances, net | ​ | ​ | 30,691 | ​ | ​ | 130,531 | ​ | ​ | 18,221
Contract costs, net | ​ | ​ | 48,335,817 | ​ | ​ | 53,547,408 | ​ | ​ | 7,474,930
Prepaid expenses | ​ | ​ | 138,683 | ​ | ​ | 37,276 | ​ | ​ | 5,205
Operating lease right-of-use assets, net - current |  | ​ | 1,026,599 |  | ​ | — | ​ |  | —
Total current assets |  | ​ | 161,363,860 |  | ​ | 126,005,397 | ​ | ​ | 17,589,676
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Property and equipment, net | ​ | ​ | 22,137,940 | ​ | ​ | 19,961,664 | ​ | ​ | 2,786,541
Loans to third parties-long term | ​ | ​ | — | ​ | ​ | 18,500,000 | ​ | ​ | 2,582,500
Operating lease right-of-use assets, net - non-current |  | ​ | 7,695,347 |  | ​ | 4,450,450 | ​ |  | 621,259
Total Assets |  | ¥ | 191,197,147 |  | ¥ | 168,917,511 | ​ | $ | 23,579,976
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
LIABILITIES |  | ​ | ​ |  | ​ | ​ | ​ |  | ​
Short-term bank loans |  | ¥ | 12,425,959 |  | ¥ | 11,582,336 | ​ | $ | 1,616,832
Accounts payable | ​ | ​ | 10,187,518 | ​ | ​ | 12,113,970 | ​ | ​ | 1,691,045
Other payables | ​ | ​ | 1,160,065 | ​ | ​ | 3,709,852 | ​ | ​ | 517,875
Other payable- related parties | ​ | ​ | 2,252,236 | ​ | ​ | 2,906,544 | ​ | ​ | 405,738
Contract liabilities | ​ | ​ | 1,820,481 | ​ | ​ | 4,719,255 | ​ | ​ | 658,783
Accrued payroll and employees’ welfare | ​ | ​ | 2,030,300 | ​ | ​ | 2,129,242 | ​ | ​ | 297,231
Intercompany payables* | ​ | ​ | 269,423,190 | ​ | ​ | 265,588,956 | ​ | ​ | 37,074,789
Taxes payable | ​ | ​ | 933,219 | ​ | ​ | 795,629 | ​ | ​ | 111,066
Short-term borrowings - related parties | ​ | ​ | 10,002,875 | ​ | ​ | 10,017,250 | ​ | ​ | 1,398,354
Operating lease liabilities - current |  | ​ | 3,741,247 |  | ​ | 1,761,231 | ​ |  | 245,858
Total current liabilities |  | ​ | 313,977,090 |  | ​ | 315,324,265 | ​ | ​ | 44,017,571
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities - non-current | ​ | ​ | 3,971,285 | ​ | ​ | 1,081,827 | ​ | ​ | 151,017
Long-term borrowings - related party |  | ​ | 10,000,000 |  | ​ | 10,000,000 | ​ |  | 1,395,946
Total Liabilities |  | ¥ | 327,948,375 |  | ¥ | 326,406,092 | ​ | $ | 45,564,534
* | Intercompany payables are eliminated upon consolidation.
​ The financial performance of VIEs and their subsidiaries reported in the consolidated statement of operations and comprehensive income (loss) for the year ended June 30, 2023 includes revenue of ¥67,114,378, operating expenses of ¥35,547,439, and net loss of ¥26,349,629. The financial performance of VIEs and their subsidiaries reported in the consolidated statement of operations and comprehensive income (loss) for the year ended June 30, 2024 includes revenue of ¥68,854,280 ($9,474,664), operating expenses of ¥45,301,827 ($6,233,739), and net loss of ¥19,760,427 ($2,719,125). The financial performance of VIEs and their subsidiaries reported in the consolidated statement of operations and comprehensive income (loss) for the year ended June 30, 2025 includes revenue of ¥66,285,032 ($9,253,034), operating expenses of ¥41,373,992 ($5,775,587), and net loss of ¥23,845,123 ($3,328,651).

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- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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