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Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Sales    
Net sales $ 294,320,803 $ 287,053,530
Cost of goods sold    
Cost of goods sold 229,678,123 212,944,597
Gross profit 64,642,680 74,108,933
Operating expenses    
Selling expenses 23,266,121 19,812,492
General and administrative expenses 22,571,811 24,494,654
Total operating expenses 45,837,932 44,307,146
Income from operations 18,804,748 29,801,787
Other income (expense)    
Other income (expense) (443,533) (499,861)
Discontinued VIE operation - Zhenbai 0 (331,995)
Interest income 321,645 502,730
Interest expense (595,125) (592,153)
Total other income (expense) (717,013) (921,279)
Income before income taxes 18,087,735 28,880,508
Provision for income taxes 6,497,340 35,852,127
Net (loss) income from continuing operations 11,590,395 (6,971,619)
Net income from discontinued operations, net of tax 0 40,394
Net (loss) income 11,590,395 (6,931,225)
Other comprehensive income (loss)    
Foreign currency translation gain (loss) (16,222,996) 1,529,229
Comprehensive income (loss) $ (4,632,601) $ (5,401,996)
Basic weighted average shares outstanding 3,388,529 3,219,314
Basic net earnings per share - from continuing operations $ 3.42 $ (2.16)
Basic net earnings per share - from discontinued operations 0 0.00
Basic net earnings per share $ 3.42 $ (2.16)
Diluted weighted average shares outstanding 3,388,529 3,219,314
Diluted net earnings per share- from continuing operations $ 3.42 $ (2.16)
Diluted net earnings per share - from discontinued operations 0 0.00
Diluted net earnings per share $ 3.42 $ (2.16)
VIEs - others    
Sales    
Net sales $ 71,440,026 $ 65,862,085
Cost of goods sold    
Cost of goods sold 61,714,426 57,496,845
Jinong    
Sales    
Net sales 76,494,490 97,722,842
Cost of goods sold    
Cost of goods sold 38,962,752 48,209,038
Gufeng    
Sales    
Net sales 136,285,236 112,983,573
Cost of goods sold    
Cost of goods sold 120,369,401 98,485,737
Yuxing    
Sales    
Net sales 10,101,051 10,485,030
Cost of goods sold    
Cost of goods sold $ 8,631,544 $ 8,752,977