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ACCOUNTS RECEIVABLE, NET

6 Months Ended

Dec. 31, 2024

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

NOTE 3. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:

​

​	​	​	​	​	​	​	​	​	​
​		June 30,			December 31,			December 31,
​	​	2024		​	2024		​	2024
​	​	​		​	RMB		​	US Dollars
Third Parties	​	RMB		​	(Unaudited)		​	(Unaudited)
Trade accounts receivable		¥	39,825,619		¥	41,967,275	​	$	5,749,493
Allowance for credit losses		​	(1,193,857)		​	(1,601,201)	​		(219,364)
Total third parties, net		¥	38,631,762		¥	40,366,074	​	$	5,530,129

​

​	​	​	​	​	​	​	​	​	​
​	​	June 30,		​	December 31,		​	December 31,
​	​	2024		​	2024		​	2024
​		​			RMB			US Dollars
Third Parties- long-term	​	RMB		​	(Unaudited)		​	(Unaudited)
Trade accounts receivable		¥	774,604		¥	1,981,767	​	$	271,501
Allowance for credit losses		​	(774,604)		​	(1,981,767)	​	​	(271,501)
Total third-parties, net		¥	—		¥	—	​	$	—

​

Provision for credit losses of accounts receivable due from third parties was ¥1,051,564 for the six months ended December 31, 2023. Provision for credit losses of accounts receivable due from third parties was ¥1,614,507 ($221,187) for the six months ended December 31, 2024.

As the date of this report, approximately 23.8%, or ¥9.6 million ($1.3 million) of net outstanding balance as of December 31, 2024 has been collected.

Movement of allowance for doubtful accounts is as follows:

​

​	​	​	​	​	​	​	​	​	​
​		June 30,			December 31,			December 31,
​	​	2024		​	2024		​	2024
​	​	​		​	RMB		​	US Dollars
​	​	RMB		​	(Unaudited)		​	(Unaudited)
Beginning balance		¥	995,449	​	¥	1,968,461	​	$	269,678
Charge to (reversal of) credit losses		​	973,012	​	​	1,614,507	​	​	221,187
Foreign currency translation adjustments	​	​	—	​	​	—	​	​	—
Ending balance		¥	1,968,461	​	¥	3,582,968	​	$	490,865

​

X

- Definition

The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/310-10/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

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X

- References

No definition available.

+ Details

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