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RELATED PARTY TRANSACTIONS AND BALANCES | 6 Months Ended
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Dec. 31, 2024
RELATED PARTY TRANSACTIONS AND BALANCES |
RELATED PARTY TRANSACTIONS AND BALANCES | NOTE 23. RELATED PARTY TRANSACTIONS AND BALANCES Leases from related parties - The Company has various agreements for the lease of office space owned by the founders and their family members. The terms of the agreement state that the Company will continue to lease the property at a monthly rent of ¥96,875 ($13,272) with annual rental expense at ¥1.2 million ($0.2 million). ​ The details of leases from related parties are as below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | ​ |  | Monthly Rent |  | Monthly Rent
Lessee |  | Lessor |  | Rent Period |  | RMB |  | US Dollars
Nanjing Recon |  | One of the founders |  | April 1, 2024 - March 31, 2026 |  | ¥ | 40,000 | ​ | $ | 5,480
BHD |  | One of the founders |  | January 1, 2024- Dec 31, 2025 |  | ​ | 33,250 | ​ |  | 4,555
BHD |  | One of the founders |  | January 1, 2024- Dec 31, 2025 |  | ​ | 23,625 | ​ |  | 3,237
​ As of June 30, 2024, the operating lease ROU assets and corresponding operating lease liabilities of leases from related parties was ¥1,769,840 and ¥2,111,090, respectively. As of December 31, 2024, the operating lease ROU assets and corresponding operating lease liabilities of leases from related parties was ¥1,269,146 ($173,872) and ¥1,951,647 ($267,374), respectively. Guarantee/collateral related parties – The Company’s founders provide guarantee and collateral for the Company’s short-term bank loans (see Note 13).

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