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LOANS TO THIRD PARTIES-SHORT TERM

12 Months Ended

Jun. 30, 2025

NOTE 6. LOANS TO THIRD PARTIES-SHORT TERM

Loans to third parties-short term consisted of the following:


	June 30,		June 30,		June 30,
	2024		2025		2025
	RMB		RMB		US Dollars
Working fund to third party companies	¥	208,928,370	¥	141,564,073	$	19,761,583
Loans to third parties-short term	¥	208,928,370	¥	141,564,073	$	19,761,583

Loans to third parties are mainly used for short-term funding to support the Company’s external business partners and at the same time the Company can earn interest income from these loans. Most of these loans bear interest of 6% to 15.6% per annum and have terms of no more than one year. The Company periodically reviewed the loans to third parties as to whether their carrying values remain realizable. The Company believes that the risk associated with the above loans are relatively low based on the evaluation of the creditworthiness of these third-party debtors and the relationships with them. As the date of this report, the Company has collected approximately 1.1% of the principal, amounting to ¥1.5 million ($0.21 million), with remaining part was expected to be paid in full by end of June 2026.