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SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
12 Months Ended
Jun. 30, 2025
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES  
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES

NOTE 17. SHORT-TERM BORROWINGS DUE TO RELATED PARTIES

Short-term borrowings due to related parties consisted of the following:

    

June 30, 

    

June 30, 

    

June 30, 

2024

2025

2025

Short-term borrowings due to related parties:

RMB

RMB

US Dollars

Short-term borrowing from a Founder, 3.45% annual interest, due on December 28, 2024

10,002,875

Short-term borrowing from a Founder, 3.45% annual interest, due on December 13, 2025

10,017,250

1,398,354

Total short-term borrowings due to related parties

 

¥

10,002,875

¥

10,017,250

$

1,398,354

No short-term borrowings due to related parties were guaranteed or collateralized as of June 30, 2024 and 2025.

Interest expense for short-term borrowings due to related parties were ¥326,893, ¥648,581 and ¥349,792 ($48,829) for the years ended June 30, 2023, 2024 and 2025, respectively.