XML 32 R22.htm IDEA: XBRL DOCUMENT v3.25.1

LONG-TERM BORROWINGS DUE TO RELATED PARTIES

6 Months Ended

Dec. 31, 2024

LONG-TERM BORROWINGS DUE TO RELATED PARTIES

LONG-TERM BORROWINGS DUE TO RELATED PARTIES

NOTE 15. LONG-TERM BORROWINGS DUE TO RELATED PARTIES

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

​

​	​	​	​	​	​	​	​	​	​
​		June 30,			December 31,			December 31,
​	​	2024		​	2024		​	2024
​	​	​		​	RMB		​	US Dollars
Long-term borrowings due to related parties:	​	RMB		​	(Unaudited)		​	(Unaudited)
Long-term borrowing from a Founder, 3.75% annual interest, three years loan, due in April 29, 2027		¥	10,000,000		¥	10,000,000		$	1,369,994
Total long-term borrowings due to related parties		¥	10,000,000		¥	10,000,000	​	$	1,369,994

​

On May 29, 2024, the Company entered into a three-year supplemental agreement with the founder, changing loan maturity date from June 4, 2024, and June 16, 2024, to April 29, 2027 and the annual interest rate to 3.75%.

Interest expense for short-term borrowings due to related parties was nil and ¥191,667($26,258) for the six months ended December 31, 2023 and 2024, respectively.

X

- References

No definition available.

+ Details

Name:	us-gaap_LongTermDebtAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

+ Details

Name:	us-gaap_LongTermDebtTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration