Recon Technology (RCON) 20-F 9 Oct 20 2020 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Jun. 30, 2020shares
Document And Entity Information [Abstract]
Entity Registrant Name	Recon Technology, Ltd
Entity Central Index Key	0001442620
Document Type	20-F
Document Period End Date	Jun. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes
Trading Symbol	RCON
Title of 12(b) Security	Ordinary Shares, $0.0925 par value per share
Entity Common Stock, Shares Outstanding	7,202,832
Document Registration Statement	false
Document Transition Report	false
Document Annual Report	true
Document Shell Company Report	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Current assets
Cash	$ 4,291,042	¥ 30,336,504	¥ 4,521,325
Notes receivable	591,378	4,180,885	3,073,680
Trade accounts receivable, net	6,824,026	48,244,015	68,535,282
Trade accounts receivable-related party, net	434,093	3,068,920	3,409,912
Inventories, net	280,877	1,985,723	1,270,523
Other receivables, net	898,309	6,350,802	5,665,593
Loans to third parties	452,687	3,200,377	4,960,000
Purchase advances, net	25,286	178,767	1,343,576
Contract assets, net	4,460,933	31,537,586	4,633,940
Prepaid expenses	28,048	198,294	192,837
Prepaid expenses - related parties	0	0	217,600
Total current assets	18,286,679	129,281,873	97,824,268
Property and equipment, net	4,209,055	29,756,879	3,661,321
Construction in progress	3,800,000	27,200,000	21,524,994
Land use right, net	181,145	1,280,648	1,307,887
Investment in unconsolidated entity	4,461,536	31,541,850	31,078,971
Long-term other receivables, net	515	3,640	440,015
Prepayments for construction in progress			1,144,098
Operating lease right-of-use assets (including Nil and 803,503 ($113,654) from a related party as of June 30, 2019 and 2020, respectively)	360,681	2,549,914	0
Total Assets	27,499,611	194,414,804	156,981,554
Current liabilities
Short-term bank loans	1,346,586	9,520,000	2,500,000
Trade accounts payable	3,258,163	23,034,347	14,089,293
Other payables	369,107	2,609,486	2,246,410
Contract Liabilities	493,093	3,486,033	120,000
Accrued payroll and employees' welfare	271,246	1,917,635	1,384,529
Investment payable	905,268	6,400,000	6,400,000
Taxes payable	156,765	1,108,288	2,180,847
Short-term borrowings	28,290	200,000	1,081,096
Operating lease liabilities - current (including Nil and 450,728 ($63,755) from a related party as of June 30, 2019 and 2020, respectively)	187,981	1,328,976	0
Total Current Liabilities	9,219,754	65,181,175	42,084,370
Operating lease liabilities - non-current (including Nil and 352,775 ($49,899) from a related party as of June 30, 2019 and 2020, respectively)	171,165	1,210,088	0
Total Liabilities	10,434,701	73,770,516	50,280,574
Commitments and Contingencies
Equity
Common stock, ($0.0925 U.S. dollar par value, 20,000,000 shares authorized; 4,361,634 shares and 7,202,832 shares issued and outstanding as of June 30, 2019 and June 30, 2020, respectively)	647,441	4,577,233	2,712,773
Additional paid-in capital	39,959,870	282,505,455	250,624,798
Statutory reserve	586,858	4,148,929	4,148,929
Accumulated deficit	(26,030,358)	(184,027,586)	(164,780,885)
Accumulated other comprehensive gain	399,694	2,825,731	2,909,936
Total stockholders' equity	15,563,505	110,029,762	95,615,551
Non-controlling interests	1,501,405	10,614,526	11,085,429
Total equity	17,064,910	120,644,288	106,700,980
Total Liabilities and Equity	27,499,611	194,414,804	156,981,554
Related Party
Current liabilities
Other payables	636,279	4,498,318	2,290,873
Short-term borrowings	1,447,120	10,230,746	9,010,525
Long-term borrowings - related party - current portion	119,856	847,346	780,797
Long-term borrowings - related party	$ 1,043,782	¥ 7,379,253	¥ 8,196,204

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical)	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2020CNY (¥)shares	Jun. 30, 2019CNY (¥)shares
Rights of use lease assets	$ 360,681	¥ 2,549,914	¥ 0
Operating lease liabilities - current	187,981	1,328,976	0
Operating lease liabilities - non-current	$ 171,165	¥ 1,210,088	¥ 0
Common shares, par value (in dollars per share) | $ / shares	$ 0.0925
Common shares, shares authorized	20,000,000	20,000,000	20,000,000
Common shares, shares issued	7,202,832	7,202,832	4,361,634
Common shares, shares outstanding	7,202,832	7,202,832	4,361,634
Related Party [Member]
Rights of use lease assets	$ 113,654	¥ 803,503	¥ 0
Operating lease liabilities - current	63,755	450,728	0
Operating lease liabilities - non-current	$ 49,899	¥ 352,775	¥ 0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS	12 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2020CNY (¥)¥ / sharesshares	Jun. 30, 2019USD ($)shares	Jun. 30, 2019CNY (¥)¥ / sharesshares	Jun. 30, 2018USD ($)shares	Jun. 30, 2018CNY (¥)¥ / sharesshares
Revenues	$ 9,301,722	¥ 65,760,651		¥ 102,384,327		¥ 84,712,046
Cost of revenues	6,528,433	46,154,255		72,518,963		80,561,861
Gross profit	2,773,289	19,606,396		29,865,364		4,150,185
Selling and distribution expenses	624,835	4,417,413		9,076,266		8,013,353
General and administrative expenses	3,694,644	26,120,099		41,288,351		34,687,317
Provision for (net recovery of) doubtful accounts	311,685	2,203,531		610,776		(841,242)
Research and development expenses	996,132	7,042,385		3,133,545		3,215,653
Operating expenses	5,627,296	39,783,428		54,108,938		45,075,081
Loss from operations	(2,854,007)	(20,177,032)		(24,243,574)		(40,924,896)
Other income (expenses)
Subsidy income	171,197	1,210,318		1,149,016		371,650
Interest income	7,744	54,746		40,391		68,028
Interest expense	(205,367)	(1,451,890)		(1,589,045)		(897,521)
Income (loss) from investment in unconsolidated entity	65,473	462,879		(959,905)		0
Impairment loss of investment in unconsolidated entity				0		4,037,736
Foreign exchange transaction gain (loss)	(2,506)	(17,720)		56,603		(4,068)
Other income	11,092	78,417		162,585		65,539
Other income (expense), net	47,633	336,750		(1,140,355)		(4,434,108)
Loss before income tax	(2,806,374)	(19,840,282)		(25,383,929)		(45,359,004)
Income tax expenses	39,934	282,322		398,477		16,230
Net loss	(2,846,308)	(20,122,604)	$ (3,646,870)	(25,782,406)	$ (6,418,242)	(45,375,234)
Less: Net loss attributable to non-controlling interests	(123,895)	(875,903)		(426,501)		(1,302,913)
Net loss attributable to Recon Technology, Ltd	(2,722,413)	(19,246,701)		(25,355,905)		(44,072,321)
Comprehensive loss
Net loss	(2,846,308)	(20,122,604)	$ (3,646,870)	(25,782,406)	$ (6,418,242)	(45,375,234)
Foreign currency translation adjustment	(11,911)	(84,205)		1,393,843		1,765,249
Comprehensive loss	(2,858,219)	(20,206,809)		(24,388,563)		(43,609,985)
Less: Comprehensive loss attributable to non- controlling interests	(123,895)	(875,903)		(426,501)		(1,302,913)
Comprehensive loss attributable to Recon Technology, Ltd	$ (2,734,324)	¥ (19,330,906)		¥ (23,962,062)		¥ (42,307,072)
Loss per common share - basic and diluted | (per share)	$ (0.59)	¥ (4.16)		¥ (6.49)		¥ (19.19)
Weighted - average shares -basic and diluted | shares	4,624,615	4,624,615	3,908,833	3,908,833	2,296,693	2,296,693
Related Party
Revenues				¥ 3,726,894		¥ 577,009
Cost of revenues				2,202,765		464,027
Third Party [Member]
Revenues	$ 9,301,722	¥ 65,760,651		98,657,433		84,135,037
Cost of revenues	6,528,433	46,154,255		70,316,198		¥ 80,097,834
Provision for (net recovery of) doubtful accounts	$ 311,775	¥ 2,204,170		¥ 392,929

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY	Common Stock [Member]CNY (¥)shares	Additional Paid-in Capital [Member]CNY (¥)	Statutory Reserves [Member]CNY (¥)	Accumulated deficit [Member]CNY (¥)	Accumulated Other Comprehensive income (loss) [Member]CNY (¥)	Stockholders' Equity [Member]CNY (¥)	Non-controlling Interest [Member]CNY (¥)	USD ($)	CNY (¥)
Opening Balance at Jun. 30, 2017	¥ 1,261,288	¥ 123,436,043	¥ 4,148,929	¥ (95,352,659)	¥ (249,156)	¥ 33,244,445	¥ 8,464,843	$ 5,899,701	¥ 41,709,288
Opening Balance (in shares) at Jun. 30, 2017	1,982,355
Capital contribution in non-controlling interests			0				3,700,000	523,358	3,700,000
Shares issued for unpaid salary to management	¥ 27,137	1,527,771				1,554,908		219,939	1,554,908
Shares issued for unpaid salary to management (in shares)	44,254
Restricted shares issued for services	¥ 112,321	2,938,575				3,050,896		431,544	3,050,896
Restricted shares issued for services (in shares)	180,000
Issuance of common stock in exchange of shares of FGS, net of issuance costs	¥ 785,871	64,218,660				65,004,531		9,194,770	65,004,531
Issuance of common stock in exchange of shares of FGS, net of issuance costs (in shares)	1,318,500
Restricted shares issued for management and employees	¥ 92,893	14,528,945				14,621,838		2,068,232	14,621,838
Restricted shares issued for management and employees (in shares)	152,734
Stock based payment		840,286				840,286		118,857	840,286
Net loss				(44,072,321)		(44,072,321)	(1,302,913)	(6,418,242)	(45,375,234)
Foreign currency translation adjustment					1,765,249	1,765,249		249,691	1,765,249
Ending Balance at Jun. 30, 2018	¥ 2,279,510	207,490,280	4,148,929	(139,424,980)	1,516,093	76,009,832	10,861,930	12,287,850	86,871,762
Ending Balance (in shares) at Jun. 30, 2018	3,677,843
Capital contribution in non-controlling interests							650,000	91,941	650,000
Restricted shares issued for services	¥ 15,902	829,879				845,781		119,634	845,781
Restricted shares issued for services (in shares)	25,000
Issuance of common stock in exchange of shares of FGS, net of issuance costs	¥ 307,981	21,125,815				21,433,796		3,031,771	21,433,796
Issuance of common stock in exchange of shares of FGS, net of issuance costs (in shares)	487,057
Restricted shares issued for management and employees	¥ 109,380	11,530,961				11,640,341		1,646,505	11,640,341
Restricted shares issued for management and employees (in shares)	171,734
Stock based payment		9,647,863				9,647,863		1,364,672	9,647,863
Net loss				(25,355,905)		(25,355,905)	(426,501)	(3,646,870)	(25,782,406)
Foreign currency translation adjustment					1,393,843	1,393,843		197,156	1,393,843
Ending Balance at Jun. 30, 2019	¥ 2,712,773	250,624,798	4,148,929	(164,780,885)	2,909,936	95,615,551	11,085,429	15,092,659	106,700,980
Ending Balance (in shares) at Jun. 30, 2019	4,361,634
Capital contribution in non-controlling interests							405,000	57,286	405,000
Stock issuance	¥ 1,701,005	24,065,350				25,766,355		3,644,603	25,766,355
Stock issuance (in shares)	2,591,112
Restricted shares issued for services		33,927				33,927		4,799	33,927
Restricted shares issued for management and employees	¥ 163,455	7,781,380				7,944,835		1,123,782	7,944,835
Restricted shares issued for management and employees (in shares)	250,086
Net loss				(19,246,701)		(19,246,701)	(875,903)	(2,846,308)	(20,122,604)
Foreign currency translation adjustment					(84,205)	(84,205)		(11,911)	(84,205)
Ending Balance at Jun. 30, 2020	¥ 4,577,233	¥ 282,505,455	¥ 4,148,929	¥ (184,027,586)	¥ 2,825,731	¥ 110,029,762	¥ 10,614,526	$ 17,064,910	¥ 120,644,288
Ending Balance (in shares) at Jun. 30, 2020	7,202,832

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Cash flows from operating activities:
Net loss	$ (2,846,308)	¥ (20,122,604)	¥ (25,782,406)	¥ (45,375,234)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	227,689	1,609,700	1,124,011	1,119,049
Gain from disposal of equipment	(12,611)	(89,156)	0	(78,285)
Provision for (net recovery of) doubtful accounts	311,685	2,203,531	610,776	(841,242)
Provision for slow moving inventories	8,037	56,817	65,380	65,245
Amortization of right of use assets	199,237	1,408,551	0	0
Reversal of interest expense	(11,471)	(81,096)	0	0
Restricted shares issued for management and employees	(1,123,782)	(7,944,835)	(21,288,204)	(15,462,124)
Loss (income) from investment in unconsolidated entity	(65,473)	(462,879)	959,905	0
Impairment loss of investment in unconsolidated entity			0	4,037,736
Restricted shares issued for services	4,799	33,927	845,781	3,050,896
Changes in operating assets and liabilities:
Notes receivable	(156,612)	(1,107,205)	922,282	2,116,998
Trade accounts receivable	2,606,619	18,428,088	(40,461,376)	11,972,175
Inventories	(159,120)	(1,124,935)	(1,197,529)	(5,012,984)
Other receivable	(29,159)	(206,146)	(928,882)	(1,717,096)
Purchase advance	171,196	1,210,309	5,784,669	(296,903)
Contract assets	(3,810,332)	(26,938,013)	7,554,745	(127,325)
Prepaid expense	(772)	(5,457)	316,845	318,759
Trade accounts payable	1,160,675	8,205,660	(400,034)	(2,706,304)
Other payables	(3,338)	(23,600)	(861,620)	(179,507)
Deferred revenue			0	(1,174,585)
Advance from customers	476,119	3,366,033	(37,856)	27,756
Accrued payroll and employees' welfare	75,407	533,109	784,095	140,828
Accrued expenses	1,333	9,425	0	0
Taxes payable	(153,501)	(1,085,213)	1,748,934	(269,358)
Net cash used in operating activities	(739,873)	(5,230,676)	(32,212,172)	(19,569,820)
Cash flows from investing activities:
Investment in unconsolidated entity			(4,205,080)	(4,037,736)
Purchases of property and equipment	(12,161)	(85,974)	(1,735,956)	(1,503,410)
Proceeds from disposal of equipment	127	900	0	32,000
Payments for land use right			0	(1,361,969)
Repayments from loans to third parties	1,589,824	11,239,623	1,000,000	435,250
Payments made for loans to third parties	(1,340,928)	(9,480,000)	(4,000,000)	(1,960,000)
Payments and prepayments for construction in progress	(535,086)	(3,782,912)	(4,606,823)	(9,157,103)
Net cash used in investing activities	(298,224)	(2,108,363)	(13,547,859)	(17,552,968)
Cash flows from financing activities:
Proceeds from short-term bank loans	1,346,586	9,520,000	2,500,000	45,000
Repayments of short-term bank loans	(353,620)	(2,500,000)	0	(45,000)
Proceeds from short-term borrowings	28,290	200,000	1,081,096	4,600,000
Repayments of short-term borrowings	(141,448)	(1,000,000)	0	(4,900,000)
Proceeds from sale of common stock, net of issuance costs	3,697,603	26,141,051	0	65,004,531
Refund of capital contribution by a non-controlling shareholder			(200,000)	0
Capital contribution by non-controlling shareholders	57,286	405,000	850,000	3,700,000
Net cash provided by financing activities	4,701,512	33,238,421	3,546,905	76,888,838
Effect of exchange rate fluctuation on cash	(11,906)	(84,203)	1,393,873	1,765,249
Net (decrease) increase in cash	3,651,509	25,815,179	(40,819,253)	41,531,299
Cash at beginning of year		4,521,325	45,340,578	45,340,578
Cash at end of year	4,291,042	30,336,504	4,521,325	45,340,578
Supplemental cash flow information
Cash paid during the period for interest	198,093	1,400,462	1,542,381	868,042
Cash paid (received) during the period for taxes	39,934	282,322	2,002	(22,671)
Non-cash investing and financing activities
Shares issued to settle salary payable			0	1,554,908
Issuance of common stock in exchange of shares of FGS, net of issuance			21,433,796	0
Investment payable in exchange of interest of FGS			6,400,000	0
Right-of-use assets obtained in exchange for operating lease obligations	173,834	1,228,963	0	0
Inventories used for fixed assets	57,956	409,735	0	0
Payable for construction in Progress	103,613	732,513	5,694,980	3,096,781
Receivable for disposal of property and equipment	15,559	110,000	0	81,900
Payable for issuance cost of common stock	53,000	374,696	0	0
Related Party [Member]
Changes in operating assets and liabilities:
Trade accounts receivable			(3,409,912)	0
Prepaid expense	30,779	217,600	(217,600)	0
Operating lease liabilities	200,772	1,419,402	0	0
Other payables	312,239	2,207,445	(920,584)	(102,563)
Cash flows from financing activities:
Proceeds from short-term borrowings	2,463,319	17,415,000	5,000,000	20,188,318
Repayments of short-term borrowings	(2,290,753)	(16,195,000)	(5,000,000)	(21,332,036)
Proceeds from long-term borrowings-related party			0	10,000,000
Repayments of long-term borrowings-related party	$ (105,751)	¥ (747,630)	¥ (684,191)	¥ (371,975)

ORGANIZATION AND NATURE OF OPER

ORGANIZATION AND NATURE OF OPERATIONS	12 Months Ended
	Jun. 30, 2020
ORGANIZATION AND NATURE OF OPERATIONS
ORGANIZATION AND NATURE OF OPERATIONS	NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS Organization – Recon Technology, Ltd (the “Company”) was incorporated under the laws of the Cayman Islands on August 21, 2007 as a limited liability company. The Company provides specialized equipment, automation systems, tools, chemicals and field services to energy industry companies mainly in the People’s Republic of China (the “PRC”). The Company, along with its wholly-owned subsidiaries, Recon Investment Ltd. (“Recon-IN”) and Recon Hengda Technology (Beijing) Co., Ltd. (“Recon-BJ”), conducts its business through the following PRC legal entities (“Domestic Companies”) that are consolidated as variable interest entities (“VIEs”) and operate in the Chinese energy industry: 1. Beijing BHD Petroleum Technology Co., Ltd. (“BHD”), 2. Nanjing Recon Technology Co., Ltd. (“Nanjing Recon”). The Company has signed Exclusive Technical Consulting Service Agreements with each of the Domestic Companies, which are its VIEs, and Equity Interest Pledge Agreements and Exclusive Equity Interest Purchase Agreements with their shareholders. Through these contractual arrangements, the Company has the ability to substantially influence each of the Domestic Companies’ daily operations and financial affairs, appoint their senior executives and approve all matters requiring shareholder approval. As a result of these contractual arrangements, which enable the Company to control the Domestic Companies, the Company is considered as the primary beneficiary of each Domestic Company. Thus, the Company is able to absorb 90% of net interest or 100% of net loss of those VIEs. On February 21, 2019, the Company’s board of directors approved transferring the VIEs and VIE-controlled companies from Jining Recon Technology Ltd. (“Recon-JN”) to Recon-BJ. At the time, both Recon-JN and Recon-BJ were the Company’s wholly owned subsidiaries in China. On April 1, 2019, the Company completed the VIE transfer process and then completed the dissolution of Recon-JN on April 10, 2019, and subsequently completed the dissolution of Recon Technology Co., Limited (“Recon HK”) on May 15, 2020. The Company does not expect any negative impact of this process on its operations. On December 17, 2015, Huang Hua BHD Petroleum Equipment Manufacturing Co. LTD, a fully owned subsidiary established by BHD was organized under the laws of the PRC, focusing on the design, assemble and manufacture of hearing equipment. Gan Su BHD Environmental Technology Co., Ltd (“Gan Su BHD”) was established on May 23, 2017, with registered capital of ¥50 million. The paid in capital was ¥20,735,000 ($2,932,927) as of June 30, 2020. BHD owns an interest of 51% of Gan Su BHD, which is focusing on oilfield sewage treatment and oily sludge disposal projects. Qing Hai BHD New Energy Technology Co., Ltd. (“Qinghai BHD”) was established on October 16, 2017, with registered capital of ¥50 million. The paid in capital was ¥4,200,000 ($594,082) as of June 30, 2020. BHD owned an interest of 55% of Qinghai BHD previously; however, based on an agreement signed by the shareholders of Qinghai BHD dated October 23, 2018, each of the other two individual shareholders agreed to reduce 10% of their equity interests. As a result, Qinghai BHD returned ¥200,000 paid in capital back to one of the individual shareholders. After the new arrangement, BHD owns a total interest of 75% of Qinghai BHD. The remaining paid in capital should be contributed by BHD and the other individual shareholder is ¥33,300,000 ($4,710,223) and ¥12,500,000 ($1,768,102), respectively. Based on its charter dated September 29, 2017, the remaining paid in capital will be injected before September 29, 2036. Nature of Operations – The Company engages in (1) providing equipment, tools and other components and parts related to oilfield production and other energy industries companies, including simple installations in connection with some projects; (2) services to improve production and efficiency of exploited oil wells, (3) developing and selling its own specialized industrial automation control and information solutions, and (4) design, test and implement solution of sewage and oily sludge treatment, production and sales of related integrated equipment and project services. Impact of Covid-19 - In January 2020, the World Health Organization declared the COVID-19 outbreak a global health emergency as the coronavirus outbreak continued to spread beyond China. In compliance with the government health emergency rules in place, the Company temporarily closed offices in varies provinces in China and ceased production operations since Chinese New Year. The Company gradually resumed operation and production since March, 2020. In short term, the Company’s business was affected negatively. However, at this stage, the Company doesn’t expect a significant impact on the Company’s operations and financial results in a long run.

LIQUIDITY

LIQUIDITY	12 Months Ended
	Jun. 30, 2020
LIQUIDITY
LIQUIDITY	NOTE 2. LIQUIDITY As disclosed in the Company’s consolidated financial statements, the Company had recurring net losses for the years ended June 30, 2018, 2019 and 2020. In assessing its liquidity, management monitors and analyzes the Company’s cash on-hand and its ability to generate sufficient revenue sources in the future to support its operating and capital expenditure commitments. The Company’s liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure obligations. Direct offering and debt financing in the forms of loans payable and loans from related parties have been utilized to finance the working capital requirements of the Company. Despite those negative financial trends, the Company has positive working capital and management has plans to enhance its liquidity: 1) The Company has been enhancing the collection of current receivable balances. As of September 30, 2020, about ¥28.2 million ($4.0 million) has been collected. 2) The Company is mainly financed through borrowing from shareholders and senior management, as well as public offerings. On August 31, 2019, two major shareholders of the Company signed a 3-year commitment letter to support the Company and whenever the Company has liquidity difficulty, they will provide working capital to support daily operation of the Company. 3) The Company may also consider financing directly from commercial bank by contract pledge or discount of notes receivable. Management believes that the foregoing measures collectively will provide sufficient liquidity for the Company to meet its future liquidity and capital obligations.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2020
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES	NOTE 3. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation - The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and have been consistently applied. Principles of Consolidation - The consolidated financial statements include the accounts of the Company, all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation. Variable Interest Entities - A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support or (ii) has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated by its primary beneficiary. The primary beneficiary has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. The Company performs ongoing assessments to determine whether an entity should be considered a VIE and whether an entity previously identified as a VIE continues to be a VIE and whether the Company continues to be the primary beneficiary. Assets recognized as a result of consolidating VIEs do not represent additional assets that could be used to satisfy claims against the Company’s general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets; rather, they represent claims against the specific assets of the consolidated VIEs. Currency Translation - The Company’s functional currency is the Chinese Yuan (“RMB”) and the accompanying consolidated financial statements have been expressed in Chinese Yuan. The consolidated financial statements as of and for the year ended June 30, 2020 have been translated into United States dollars (“U.S. dollars”) solely for the convenience of the readers. The translation has been made at the rate of ¥7.0697 = US$1.00, the approximate exchange rate prevailing on June 30, 2020. These translated U.S. dollar amounts should not be construed as representing Chinese Yuan amounts or that the Chinese Yuan amounts have been or could be converted into U.S. dollars. Estimates and Assumptions - The preparation of the consolidated financial statements in conformity with US GAAP, which requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Estimates are adjusted to reflect actual experience when necessary. Significant accounting estimates reflected in the Company’s consolidated financial statements include allowance for doubtful accounts related to trade accounts receivable, other receivables and purchase advances, allowance for inventory, the useful lives of property and equipment, valuation allowance for deferred tax assets, impairment assessment for long-lived assets, the discount rate for lease and investment and the fair value of share- based payments. The use of estimates is an integral component of the financial reporting process; actual results could differ from those estimates. The key assumptions underlying the Company’s accounting for material arrangements and the reasonably likely material effects of resolving any uncertainties on the Company’s allowance for doubtful accounts related to purchase advances. The production of the Company’s products requires custom-made equipment from its suppliers. To ensure that it can secure the required customized equipment, the Company often needs to make full prepayment for its intended purchases. As a standard practice in the petroleum extraction industry, the Company generally must submit a bid in order to secure the sales contract. The bidding process generally takes between one month to one year and the timing depends on the size of the overall project, which timing and size are generally controlled by its client. In order to secure timely purchase delivery and to meet its product delivery schedule, the Company normally prepays for the purchase advances if the Company believes that it is more than likely to win the bid for the sales contract which is accounted as pre-contract costs. After winning the bid and securing the sale contract, the Company normally needs to deliver its products approximately within one week to six months. Based on the Company’s historical experience, the Company generally is able to realize its purchase advances on the customized equipment that it orders. If it subsequently confirms that the Company is unable to secure the planned contracts with a customer after making the advance payments for these planned contracts, the Company evaluates the probable recoverability of the pre-contract cost and charges to expenses when the Company determines that the recovery of such pre-contract cost is improbable. Fair Values of Financial Instruments - The US GAAP accounting standards regarding fair value of financial instruments and related fair value measurements define fair value, establish a three-level valuation hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable. Accounting guidance also describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. The Company measures certain financial assets, including investments under the equity method on other-than-temporary basis, intangible assets and fixed assets at fair value when an impairment charge is recognized. The carrying amounts reported in the consolidated balance sheets for trade accounts receivable, other receivables, purchase advances, trade accounts payable, accrued liabilities, advances from customers, investment payable, short-term bank loan and short-term borrowings approximate fair value because of the immediate or short-term maturity of these financial instruments. Cash - Cash includes cash on hand consisting of coins, currency, undeposited checks, money orders and drafts, demand deposits in banks, certain short-term highly liquid investments and cash in transit. Trade Accounts and Other Receivables , Net - Accounts receivable are carried at original invoiced amount less a provision for any potential uncollectible amounts. Accounts are considered to be under certain credit risk when the related receivables are more than a year old. Provision is made against trade accounts and other receivables to the extent they are considered to be doubtful. Accounts are written off after extensive efforts at collection. Other receivables arise from transactions with non-trade customers. Notes Receivable - Notes receivable represent short-term notes receivable issued by reputable financial institutions that entitle the Company to receive the full-face amount from the financial institutions at maturity, which generally range from three to six months from the date of issuance. Purchase Advances, Net - Purchase advances are the amounts prepaid to suppliers for business activities, such as standard raw materials, supplies and services. These types of prepayments will be expensed when those products or services have been rendered or consumed. Inventories, Net - Inventories are stated at the lower of cost or net realizable value, on a first-in-first-out basis. The methods of determining inventory costs are used consistently from year to year. Allowance for inventory obsolescence is provided when the market value of certain inventory items is lower than the cost. Property and Equipment, Net - Property and equipment are stated at cost. Depreciation on motor vehicles and office equipment is computed using the straight-line method over the estimated useful lives of the assets, which range from two to ten years. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the assets. Items Useful life Motor vehicles 5-10 years Office equipment 2-5 years Production equipment 10-20 years Land Use Rights, Net - According to the Chinese laws and regulations regarding land use rights, land in urban districts is owned by the State, while land in the rural areas and suburban areas, except otherwise provided for by the State, is collectively owned by individuals designated as resident farmers by the State. In accordance with the legal principle that land ownership is separate from the right to the use of the land, the government grants individuals and companies the rights to use parcels of land for a specified period of time. Land use rights which are usually prepaid, are stated at cost less accumulated amortization. Amortization is provided over the life of the land use rights, using the straight-line method. The estimated useful life is 50 years, based on the term of the land use rights. Long-Lived Assets - Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. Fair value is determined based on the estimated discounted future cash flows expected to be generated by the asset. There were no impairments at June 30, 2019 and 2020. Long-term Investments - Cost method investment - For an investee over which the Company does not have significant influence and a controlling interest, the Company carries the investment at cost and recognizes income for any dividend received from the distribution of the investee’s earnings. The Company reviews its cost method investment for impairment whenever an event or circumstance indicates that an other-than-temporary impairment has occurred. The Company considers available quantitative and qualitative evidence in evaluating potential impairment of its cost method investment. An impairment charge is recorded if the carrying amount of an investment exceeds its fair value and such excess is determined to be other-than-temporary. - Equity method investment - For an investee over which the Company has the ability to exercise significant influence, but does not have a controlling interest, the Company accounted for those using the equity method. Significant influence is generally considered to exist when the Company has an ownership interest in the voting stock of the investee between 20% and 50%. Other factors, such as representation on the investee’s board of directors, voting rights and the impact of commercial arrangements, are also considered in determining whether the equity method of accounting is appropriate. An impairment charge is recorded if the carrying amount of the investment exceeds its fair value and this condition is determined to be other-than-temporary. The Company recorded ¥4,037,736 impairment loss on its equity method investment in unconsolidated entity during the year ended June 30, 2018. The Company did not record impairment losses on its equity method investment for the years ended June 30, 2019 and 2020. No investment income or loss was recorded for the year ended June 30, 2018, and the Company recorded ¥959,905 investment loss and ¥462,879 ($65,473) investment income on its equity method investment in unconsolidated entity for the years ended June 30, 2019 and 2020. Revenue Recognition – In accordance with ASC 606, “Revenue from Contracts with Customers”, revenue is recognized when all of the following five steps are met: (i) identify the contract(s) with the customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations; (v) recognize revenue when (or as) each performance obligation is satisfied. The core principle underlying the new revenue recognition Accounting Standards Update (“ASU”) is that the Company recognizes revenue to represent the transfer of goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. The Company identifies contractual performance obligations and determines whether revenue should be recognized at a point in time or over time, based on when goods or services are provided to a customer. Disaggregation of Revenues Revenues are recognized when control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The following items represent the Company’s revenues disaggregated by revenue source. In accordance with ASC 606-10-50-5, the Company selects categories to present disaggregated revenue that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors and delivery conditions of products and fulfillment of obligations. The Company’s disaggregation of revenues for the years ended June 30, 2018, 2019 and 2020 is disclosed in Note 29. Automation Products and Software; Equipment and Accessories The Company generates revenues primarily through delivery of standard or customized products and equipment, including automation products, furnaces and related accessories. Revenue is recognized when products are delivered, and acceptance reports are signed off by customers. The sale of automation products or specialized equipment when combined with services represent a single performance obligation for the development and construction of a single asset. The Company may also provide design or installation services to clients as there may be such obligation in contracts. The promises to transfer the goods and provision of services are not separately identifiable, which is evidenced by the fact that the Company provides significant services of integrating the goods and services into a single deliverable for which the customer has contracted. For such sales arrangements, the Company recognizes revenue using input method, based on the relationship between actual costs incurred compared to the total estimated costs for the contract. Such method is adopted because the Company believes it best depicts the transfer of goods and services to the customer. Oilfield Environmental Protection Service The Company provides wastewater treatment and oily sludge disposal service to oilfield and chemical industry companies and generates revenue from special equipment, self-developed chemical products and supporting service, transfer and treatment of oily sludge. Revenue is recognized when contract obligations have been performed. For such sales arrangements, the Company recognizes revenue using input method, based on the relationship between actual costs incurred compared to the total estimated costs for the contract. Such method is adopted because the Company believes it best depicts the transfer of services to the customer. Arrangements with Multiple Performance Obligations Contracts with customers may include multiple performance obligations. For such arrangements, the Company will allocate revenues to each performance obligation based on its relative standalone selling price. We generally determine standalone selling prices based on the prices charged to customers or using expected cost-plus margin. Contract Balances Contract balances typically arise when a difference in timing between the transfer of control to the customer and receipt of consideration occurs. The following table provides information about contract assets and contract liabilities from contracts with customers: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Contract assets ¥ 4,633,940 ¥ 31,537,586 $ 4,460,933 Contract liabilities ¥ 120,000 ¥ 3,486,033 $ 493,093 Contract Assets, net - The Company recognizes an asset from the costs incurred to fulfill a contract when those costs meet all of the following criteria: (i) the costs relate directly to a contract or to an anticipated contract that the Company can specifically identify; (ii) the costs generate or enhance resources of the Company that will be used in satisfying (or in continuing to satisfy) performance obligations in the future; and (iii) the costs are expected to be recovered. - Pre-Contract Costs - Pre-contract costs are the amounts prepaid to suppliers for purchases of customized equipment in anticipation of obtaining planned contracts for the Company’s hardware and software revenues. If it subsequently confirms that the Company is unable to secure the planned contracts with a customer after making the advance payments for these planned contracts, the Company evaluates the probable recoverability of the pre-contract cost and charges to expenses when the Company determines that the recovery of such pre-contract cost is improbable. - Executed Contract Costs - Direct costs, such as material, labor, depreciation and amortization and subcontracting costs and indirect costs allocable to contracts include the costs of contract supervision, tools and equipment, supplies, quality control and inspection, insurance, repairs and maintenance for quality assurance purposes before clients’ initial acceptance. Once products are delivered, installed and debugged for intended use and accepted by a client, which may last from weeks to months (this process is decided by the client’s individual project construction arrangement), the Company records revenue based on the contract or the final clients’ acceptance. Minor costs for repair during the maintenance period after initial acceptance are recorded as cost of goods sold as they are incurred. All other general and administrative costs and selling costs are charged to expenses as incurred. The Company generally ships its products approximately one week to six months after production begins and the timing depends on the size of the overall project. Contract liabilities - Contract liabilities are recognized for contracts where payment has been received in advance of performance under the contract. The Company’s contract liabilities consist primarily of the Company’s unsatisfied performance obligations as of the balance sheet dates. Contract liabilities are recognized as revenue after control of the products or services is transferred to the customer and all revenue recognition criteria have been met. Performance Obligations - Performance obligations include delivery of products and provision of services. The Company recognizes revenue when performance obligations under the terms of a contract with its customer are satisfied. This occurs when the control of the goods and services have been transferred to the customer. Accordingly, revenue for sale of goods is generally recognized upon shipment or delivery depending on the shipping terms of the underlying contract, and revenue for provision of services is recognized over the service period. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods and providing services. Amounts billed to customers for shipping and handling activities to fulfill the Company’s promise to transfer the goods are included in revenues, and costs incurred by the Company for the delivery of goods are classified as cost of sales in the consolidated statements of operations and comprehensive loss. Sales, value added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Company generally offers assurance-type warranties for its products. The specific terms and conditions of those warranties vary depending upon the product. The Company estimates the costs that may be incurred under its warranties and records a liability in the amount of such costs at the time product revenue is recognized. Factors that affect the warranty liability include historical product-failure experience and estimated repair costs for identified matters. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. The amount accrued for expected returns and warranty claims was immaterial as of June 30, 2020. The amount of revenue recognized during the year ended June 30, 2020 that was previously included within contract liability balances was ¥Nil. Practical Expedients Elected Incremental Costs of Obtaining a Contract - The Company has elected the practical expedient permitted in ASC 340-40-25-4, which permits an entity to recognize incremental costs to obtain a contract as an expense when incurred if the amortization period will be less than one year and not significant. Significant Financing Component - The Company has elected the practical expedient permitted in ASC 606-10-32-18, which allows an entity to not adjust the promised amount of consideration for the effects of a significant financing component if a contract has a duration of one year or less. As the Company’s contracts are typically less than one year in length, consideration will not be adjusted. The Company’s contracts include a standard payment term of 90 days to 180 days; consequently, there is no significant financing component within contracts. Share-Based Compensation - Share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense with graded vesting on a straight–line basis over the requisite service period for the entire award. The Company has elected to recognize compensation expenses using the Black-Scholes valuation model estimated at the grant date based on the award’s fair value. Research and Development Expenses - Research and development expenses relating to improving development efficiency and the quality of the Company’s products and services, including s design of downhole automation platform systems and chemical products used for waste water treatment, are expensed as incurred. Shipping and Handling Costs - Shipping and handling cost incurred to ship products to customers are included in selling and distribution expenses. Shipping and handling expenses were ¥1,170,358, ¥749,719 and ¥257,573 ($36,433) for the years ended June 30, 2018, 2019 and 2020, respectively. Leases - Before July 1, 2019, the Company adopted ASC Topic 840 (“ASC 840”), Leases, and each lease is classified at the inception date as either a capital lease or an operating lease. The Company adopted ASC Topic 842, “Leases” on July 1, 2019 and used the alternative modified retrospective transition approach which permits the effects of adoption to be applied at the effective date. The new standard provides a number of optional practical expedients in transition. The Company elected the ‘package of practical expedients’, which permits the Company not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. The Company also elected the short-term lease exemption and combining the lease and non-lease components practical expedients. The most significant impact upon adoption relates to the recognition of new Right-of-use (“ROU”) assets and lease liabilities on the Company’s consolidated balance sheets for office space operating leases. As the implicit rate in lease is not readily determinable for the Company’s operating leases, the Company generally uses the incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Investment Payable – Investment payable is comprised of obligations due to the investee for the purchase of equity interest in the ordinary course of investment. Income Taxes - Provisions for income taxes are based on taxes payable or refundable for the current year and deferred taxes. Deferred taxes are provided on differences between the tax bases of assets and liabilities and their reported amounts in the financial statements, and tax carry forwards. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. The Company has not been subject to any income taxes in the United States or the Cayman Islands. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. The Company has no uncertain tax position as of June 30, 2019 and 2020. As of June 30, 2020, the tax years ended December 31, 2015 through December 31, 2019 for the Company’s People’s Republic of China (“PRC”) subsidiaries remain open for statutory examination by PRC tax authorities. Loss per Share - Loss Per Share (“EPS”) is computed by dividing net loss by the weighted average number of ordinary shares outstanding. Diluted EPS are computed by dividing net loss by the weighted-average number of ordinary shares and dilutive potential ordinary share equivalents outstanding. Potentially dilutive ordinary shares consist of ordinary shares issuable upon the conversion of ordinary stock options, restricted shares and warrants (using the treasury stock method). The effect from options, restricted shares and warrants would have been anti-dilutive due to the fact that the Company incurred a net loss for the years ended June 30, 2018, 2019 and 2020. Warrants -In connection of the issuance of common stocks, the Company may issue options or warrants to purchase common stock. Warrants classified as equity are initially recorded at fair value and subsequent changes in fair value are not recognized as long as the warrants continue to be classified as equity. Reclassification - Advance from customers has been reclassified from other payables and reflected in its consolidated balance sheets and consolidated statements of cash flows as advance from customers. Contract assets have been reclassified from purchase advance and inventories and reflected in consolidated balance sheets and consolidated statements of cash flows as contract assets. These reclassifications have no effect on the results of operations previously reported. Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement,” to improve the effectiveness of disclosures in the notes to financial statements related to recurring or nonrecurring fair value measurements by removing amounts and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels, and the valuation processes for Level 3 fair value measurements. The new standard requires disclosure of the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The amendments in this update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. In October 2018, the FASB issued ASU 2018-17, "Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities". The new standard changes how entities evaluate decision-making fees under the variable interest entity guidance. The new standard is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted in any interim period after issuance. The standard should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings at the beginning of the period of adoption. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes. The Board is issuing this Update as part of its initiative to reduce complexity in accounting standards (the Simplification Initiative). The objective of the Simplification Initiative is to identify, evaluate, and improve areas of GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The specific areas of potential simplification in this Update were submitted by stakeholders as part of the Simplification Initiative. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815 – 40)” (“ASU 2020-06”). ASU 2020-06 simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The ASU is part of the FASB’s simplification initiative, which aims to reduce unnecessary complexity in U.S. GAAP. The ASU’s amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The Company is currently evaluating the impact ASU 2020-06 will have on the Company’s consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the consolidated financial position, statements of operations and cash flows.

TRADE ACCOUNTS RECEIVABLE, NET

TRADE ACCOUNTS RECEIVABLE, NET	12 Months Ended
	Jun. 30, 2020
TRADE ACCOUNTS RECEIVABLE, NET
TRADE ACCOUNTS RECEIVABLE, NET	NOTE 4. TRADE ACCOUNTS RECEIVABLE, NET Accounts receivable, net consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Third Parties RMB RMB U.S. Dollars Trade accounts receivable ¥ 72,180,616 ¥ 53,752,527 $ 7,603,194 Allowance for doubtful accounts (3,645,334) (5,508,512) (779,168) Total third-parties, net ¥ 68,535,282 ¥ 48,244,015 $ 6,824,026 June 30, June 30, June 30, 2019 2020 2020 Related Party RMB RMB U.S. Dollars Urumqi Yikeli Automatic Control Equipment Co., Ltd. ¥ 3,409,912 ¥ 3,409,912 $ 482,326 Allowance for doubtful accounts — (340,992) (48,233) Total related-party, net ¥ 3,409,912 ¥ 3,068,920 $ 434,093 Net recovery of provision made for doubtful accounts of accounts receivables due to third parties was ¥1,013,100 for the year ended June 30, 2018, provision made for doubtful accounts of accounts receivable due from third parties was ¥392,929 and ¥2,204,170 ($311,775) for the years ended June 30, 2019 and 2020, respectively. Provision made for doubtful accounts of accounts receivable due from related-party was ¥0 and ¥340,992 ($48,233) for the years ended June 30, 2019 and 2020, respectively. The Company records allowance for doubtful accounts of related-party according to its general accounting policy, while the Company also makes great efforts to prevent any not-collection of receivables from related party. As of the date of this report, the outstanding balance was received in full by the Company, the collection schedule of which if affected by COVID-19. Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Beginning balance ¥ 3,252,405 ¥ 3,645,334 $ 515,626 Charge to expense 392,929 2,204,170 311,775 Ending balance ¥ 3,645,334 ¥ 5,849,504 $ 827,401

NOTES RECEIVABLE

NOTES RECEIVABLE	12 Months Ended
	Jun. 30, 2020
NOTES RECEIVABLE
NOTES RECEIVABLE	NOTE 5. NOTES RECEIVABLE Notes receivables represented the non-interest-bearing commercial bills the Company received from the customers for the purpose of collection of sales amounts, which generally ranged from three to six months from the date of issuance. As of June 30, 2019 and 2020, notes receivable were ¥3,073,680 and ¥4,180,885 ($591,378), respectively, As of June 30, 2019 and 2020, no notes were guaranteed or collateralized.

OTHER RECEIVABLES, NET

OTHER RECEIVABLES, NET	12 Months Ended
	Jun. 30, 2020
OTHER RECEIVABLES, NET
OTHER RECEIVABLES, NET	NOTE 6. OTHER RECEIVABLES, NET Other receivables, net consisted of the following: June 30, June 30, June 30, Third Party 2019 2020 2020 RMB RMB U.S. Dollars Business advances to officers and staffs (A) ¥ 1,013,971 ¥ 1,141,829 $ 161,510 Deposits for projects 1,400,892 1,381,081 195,351 VAT recoverable 3,803,556 3,746,435 529,926 Others 1,348,913 1,614,133 228,316 7,567,332 7,883,478 1,115,103 Less: Long term portion (B) (440,015) (3,640) (515) Allowance for doubtful accounts (1,461,724) (1,529,036) (216,279) Other receivable - current portion ¥ 5,665,593 ¥ 6,350,802 $ 898,309 (A) Business advances to officers and staffs represent advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance. (B) Long-term portion are mainly tender deposits for large-scale projects or rental contracts. These funds may not be collected back until projects are finished or contracts are completed. Provision for doubtful accounts of other receivables was ¥109,302, ¥259,766 and ¥67,312 ($9,522) for the years ended June 30, 2018, 2019 and 2020, respectively. Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Beginning balance ¥ 901,930 ¥ 1,461,724 $ 206,757 Charge to expense 259,766 67,312 9,522 Add: reversal of bad debt allowance 300,028 — — Ending balance ¥ 1,461,724 ¥ 1,529,036 $ 216,279

LOANS TO THIRD PARTIES

LOANS TO THIRD PARTIES	12 Months Ended
	Jun. 30, 2020
LOANS TO THIRD PARTIES
LOANS TO THIRD PARTIES	NOTE 7. LOANS TO THIRD PARTIES June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Working fund to third party companies ¥ 4,960,000 ¥ 3,200,377 $ 452,687 Allowance for doubtful accounts — — — Total loans to third parties ¥ 4,960,000 ¥ 3,200,377 $ 452,687 Loans to third-parties are mainly used for short-term funding to support the Company’s external business partners. These loans bear no interest and have terms of no more than one year. The Company periodically reviews the loans to third parties as to whether their carrying values remain realizable. During the year ended June 30, 2020, the balance of June 30, 2019 has been fully collected, and the Company made additional loans amount of ¥9,480,000 ($1,340,928) to a third-party company with the maturity date of December 31, 2020. The loans are non-interest bearing and can be repaid any time before their maturity dates and ¥6,279,623 ($888,241) was collected by the Company as of June 30, 2020.

PURCHASE ADVANCES, NET

PURCHASE ADVANCES, NET	12 Months Ended
	Jun. 30, 2020
PURCHASE ADVANCES, NET
PURCHASE ADVANCES, NET	NOTE 8. PURCHASE ADVANCES, NET The Company purchased products and services from third parties during the normal course of business. Purchase advances, net consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Third Party RMB RMB U.S. Dollars Prepayment for others ¥ 1,592,076 ¥ 381,767 $ 54,000 Allowance for doubtful accounts (248,500) (203,000) (28,714) Total purchase advances, net ¥ 1,343,576 ¥ 178,767 $ 25,286 Provision for doubtful accounts of purchase advances was ¥62,556 and ¥191,472 for the years ended June 30, 2018 and 2019, respectively, net recovery of provision made for doubtful accounts of purchase advances was ¥45,500 ($6,436) for the year ended June 30, 2020. The Company recorded allowance for these advances and will continue to try to collect or get inventories delivered. These payments were advanced for certain customized equipment of the planned projects. As those projects were delayed or canceled or there is rare chance to be profitable, the Company decided to suspend those projects and recorded allowances related to advanced payments for those projects as the Company may not be able to receive those funds back. Management is still making efforts to collect partially or negotiate with venders for some other alternative solutions to minimize the Company’s loss. Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Beginning balance ¥ 452,632 ¥ 248,500 $ 35,150 Charge to (reversal of) expense 191,472 (45,500) (6,436) Less: write-off (395,604) — — Ending balance ¥ 248,500 ¥ 203,000 $ 28,714

INVENTORIES, NET

INVENTORIES, NET	12 Months Ended
	Jun. 30, 2020
INVENTORIES, NET
INVENTORIES, NET	NOTE 9. INVENTORIES, NET Inventories, net consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Small component parts ¥ 57,060 ¥ 57,270 $ 8,101 Purchased goods and raw materials 226,868 310,393 43,905 Work in process and goods on site 533,924 133,132 18,831 Finished goods 452,671 1,484,928 210,040 Allowance for slow moving inventory — — — Total inventories, net ¥ 1,270,523 ¥ 1,985,723 $ 280,877 Provisions for slow moving inventory was ¥65,245, ¥65,380 and ¥56,817 ($8,037) for the years ended June 30, 2018, 2019 and 2020, respectively. Movement of allowance for slow-moving inventories is as follows: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Beginning balance ¥ 1,399,524 ¥ — $ — Charge to cost of sales 65,380 56,817 8,037 Less: Selling of slow-moving items (1,464,904) (56,817) (8,037) Ending balance ¥ — ¥ — $ —

CONTRACT ASSETS, NET

CONTRACT ASSETS, NET	12 Months Ended
	Jun. 30, 2020
CONTRACT ASSETS, NET
CONTRACT ASSETS, NET	NOTE 10. CONTRACT ASSETS, NET Contract assets, net consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Third Party RMB RMB U.S. Dollars Contract assets ¥ 4,796,153 ¥ 31,677,348 $ 4,480,702 Impairment of contract assets (162,213) (139,762) (19,769) Total contract assets, net ¥ 4,633,940 ¥ 31,537,586 $ 4,460,933 Impairment of contract asset was ¥56,072 for the year ended June 30, 2018, net recovery of impairment of contract asset was ¥233,391 and ¥22,451 ($3,176) for the years ended June 30, 2019 and 2020, respectively. Movement of impairment of contract assets is as follows: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Beginning balance ¥ 395,604 ¥ 162,213 $ 22,945 Reversal of expense (233,391) (22,451) (3,176) Ending balance ¥ 162,213 ¥ 139,762 $ 19,769

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Jun. 30, 2020
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET	NOTE 11. PROPERTY AND EQUIPMENT, NET Property and equipment consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Motor vehicles ¥ 4,923,152 ¥ 4,741,366 $ 670,657 Office equipment and fixtures 1,350,235 1,436,210 203,149 Production equipment 2,580,628 30,181,761 4,269,154 Total property and equipment 8,854,015 36,359,337 5,142,960 Less: Accumulated depreciation (5,192,694) (6,602,458) (933,905) Property and equipment, net ¥ 3,661,321 ¥ 29,756,879 $ 4,209,055 Construction in progress ¥ 21,524,994 ¥ — $ — On August 4, 2017, Gan Su BHD purchased the land use right of state-owned construction land in Yumen, Gan Su, in the amount of ¥1,361,969 ($192,648). The land use right was intended to establish production line of the oily sludge disposal projects. As of June 30, 2020, the main construction of the project has completed, and the total cost incurred in the project was ¥27.2 million ($3.8 million). Currently, Gan Su BHD has received its hazardous waste operating permit. The project has been ready for its intended use and put into production in January 2020, and at the same time, the cost of the project was transferred from construction in progress to production equipment. Depreciation expenses was ¥1,092,206, ¥1,096,772 and ¥1,582,461 ($223,836) for the years ended June 30, 2018, 2019 and 2020. Gain from property and equipment disposal was ¥78,285, ¥Nil and ¥89,156 ($12,611) for the years ended June 30, 2018, 2019 and 2020, respectively.

LAND USE RIGHTS

LAND USE RIGHTS	12 Months Ended
	Jun. 30, 2020
LAND USE RIGHTS
LAND USE RIGHTS	NOTE 12 . LAND USE RIGHTS, NET Land use rights consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Land use rights ¥ 1,361,969 ¥ 1,361,969 $ 192,648 Less: accumulated amortization (54,082) (81,321) (11,503) Land use rights, net ¥ 1,307,887 ¥ 1,280,648 $ 181,145 As of June 30, 2019 and 2020, no land use rights are collateralized or pledged. Amortization expenses was ¥26,843, ¥27,239 and ¥27,239 ($3,853) for the years ended June 30, 2018, 2019 and 2020, respectively. The estimated future amortization expenses are as follows: Twelve months ending June 30, RMB U.S. Dollars 2021 ¥ 27,239 $ 3,853 2022 27,239 3,853 2023 27,239 3,853 2024 27,239 3,853 2025 27,239 3,853 Thereafter 1,144,453 161,880 Total ¥ 1,280,648 $ 181,145

INVESTMENT IN UNCONSOLIDATED EN

INVESTMENT IN UNCONSOLIDATED ENTITY	12 Months Ended
	Jun. 30, 2020
INVESTMENT IN UNCONSOLIDATED ENTITY
INVESTMENT IN UNCONSOLIDATED ENTITY	NOTE 13 . INVESTMENT IN UNCONSOLIDATED ENTITY Investment in unconsolidated entity consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Future Gas Station (Beijing) Technology, Ltd ¥ 31,078,971 ¥ 31,541,850 $ 4,461,536 On August 21, 2018, the Company entered into a definitive investment agreement and a supplemental agreement (collectively, the “Agreement”) with Future Gas Station (Beijing) Technology, Ltd (“FGS”) and the other shareholders of FGS. Following full performance under the Agreement, Recon will own 43% of FGS. As consideration for increasing its affiliates’ interest in FGS from 8% to 43%, the Company will (1) pay a total of RMB 10 million in cash to FGS and (2) issue 487,057 restricted ordinary shares of the Company (the “Restricted Shares”) to the other shareholders of FGS within 30 days after FGS finalizes recording the Company’s corresponding interest at the local governmental agency. If FGS does not reach certain performance goals, the Company has the right to cancel all of the Restricted Shares and without further payment. The Restricted Shares are also subject to lock-up period requirements that vary for each of FGS shareholders, from one year to three years following issuance of the Restricted Shares. FGS has finalized recording Recon’s corresponding interest at the local governmental agency, and Recon has issued 487,057 Restricted Shares in total to the other shareholders of FGS in August 2018. On September 24, 2019, the Company signed an extension agreement with FGS and the other shareholders of FGS to postpone the Agreement to provide extra period for FGS to further fulfill the goals mentioned on the supplemental agreement. During the original contract period, FGS adjusted its operation model with an advanced improvement of its App and business model. Objected user and average Gross Merchandise Volume (GMV) of FGS’s App have been exceeded. FGS will need an extension to deploy its business in more provinces to complete a goal of 200 more gas stations. On March 17, 2020, the Company signed a new supplemental agreement with FGS and the other shareholders of FGS to extend another 12 months to February 2021 for FGS and its shareholders to fulfill the goals mentioned on the supplemental agreement. As of June 30, 2020, the Company has the investment amount of ¥35,579,586 ($5,032,666) in FGS, of which RMB 8.0 million was paid in cash, and owns 43% of the equity interests of FGS. The investments are accounted for using the equity method because the Company has significant influence, but no control of FGS. The Company recorded ¥4,037,736 impairment loss during the year ended June 30, 2018, which was included in “Impairment loss of investment in unconsolidated entity” in the consolidated statements of operations and comprehensive loss. The Company recorded a loss of ¥959,905 and an income of ¥462,879 ($65,473) for the years ended June 30, 2019 and 2020 from the investment, respectively, which was included in “Gain (loss) from investment in unconsolidated entity” in the consolidated statements of operations and comprehensive loss. As of the date of this report, the Company is still obliged to pay RMB 6.4 million to FGS.

LEASES

LEASES	12 Months Ended
	Jun. 30, 2020
LEASES
LEASES	NOTE 14. LEASES Effective July 1, 2019, the Company adopted the new lease accounting standard. Adoption of this standard resulted in the recording of operating lease ROU assets and corresponding operating lease liabilities of ¥1,228,963 ($173,834) and ¥1,228,963 ($173,834), respectively, as of July 1, 2019 with no impact on accumulated deficit. Financial position for reporting periods beginning on or after July 1, 2019, are presented under the new guidance, while prior period amounts are not adjusted and continue to be reported in accordance with previous guidance. The Company leases office spaces and factories under non-cancelable operating leases, with terms ranging from one to three years. The Company considers those renewal or termination options that are reasonably certain to be exercised in the determination of the lease term and initial measurement of right of use assets and lease liabilities. Lease expense for lease payment is recognized on a straight-line basis over the lease term. Leases with initial term of 12 months or less are not recorded on the balance sheet. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The table below presents the operating lease related assets and liabilities recorded on the balance sheets. June 30, 2020 RMB U.S. Dollars Rights of use lease assets ¥ 2,549,914 $ 360,681 — — Operating lease liabilities – current 1,328,976 187,981 Operating lease liabilities – non-current 1,210,088 171,165 Total operating lease liabilities ¥ 2,539,064 $ 359,146 The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of June 30, 2020: June 30, 2020 Remaining lease term and discount rate: Weighted average remaining lease term (years) 2.57 Weighted average discount rate 5 % Operating lease costs and short-term lease costs for the year ended June 30, 2020 were ¥1,348,742 ($190,777) and ¥1,142,417 ($161,593), respectively. The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2020: Twelve months ending June 30, RMB U.S. Dollars 2021 ¥ 1,423,402 $ 201,338 2022 970,850 137,325 2023 300,000 42,434 Total lease payments 2,694,252 381,097 Less: imputed interest (144,338) (20,416) Less: prepayments (10,850) (1,535) Present value of lease liabilities 2,539,064 359,146 Less: operating lease liabilities – current (1,328,976) (187,981) Operating lease liabilities – non-current ¥ 1,210,088 $ 171,165

OTHER PAYABLES

OTHER PAYABLES	12 Months Ended
	Jun. 30, 2020
OTHER PAYABLES
OTHER PAYABLES	NOTE 15. OTHER PAYABLES Other payables consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Third Parties RMB RMB U.S. Dollars Service ¥ 1,341,617 ¥ 1,685,449 $ 238,404 Distributors and employees 219,095 273,968 38,752 Accrued expenses 393,274 402,699 56,961 Others 292,424 247,370 34,990 Total ¥ 2,246,410 ¥ 2,609,486 $ 369,107 June 30, June 30, June 30, 2019 2020 2020 Related Parties RMB RMB U.S. Dollars Expenses paid by the major shareholders ¥ 2,029,908 ¥ 3,752,353 $ 530,764 Due to family member of the owner of BHD — 485,000 68,602 Due to management staff for costs incurred on behalf of the Company 260,965 260,965 36,913 Total ¥ 2,290,873 ¥ 4,498,318 $ 636,279

TAXES PAYABLE

TAXES PAYABLE	12 Months Ended
	Jun. 30, 2020
TAXES PAYABLE
TAXES PAYABLE	NOTE 16. TAXES PAYABLE Taxes payable consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars VAT payable ¥ 1,732,736 ¥ 660,278 $ 93,395 Income tax payable 440,031 440,030 62,241 Other taxes payable 8,080 7,980 1,129 Total taxes payable ¥ 2,180,847 ¥ 1,108,288 $ 156,765

SHORT-TERM BANK LOANS

SHORT-TERM BANK LOANS	12 Months Ended
	Jun. 30, 2020
SHORT-TERM BANK LOANS
SHORT-TERM BANK LOANS	NOTE 17. SHORT-TERM BANK LOANS Short-term bank loans consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Bank of Nanjing (1) ¥ 2,500,000 ¥ 2,500,000 $ 353,620 Beijing Rural Commercial Bank (2) — 6,000,000 848,689 Industrial and Commercial Bank of China (3) — 1,020,000 144,277 Total short-term bank loans ¥ 2,500,000 ¥ 9,520,000 $ 1,346,586 (1) On June 12, 2019, the Company entered into a loan agreement with Bank of Nanjing to borrow ¥2,500,000 as working capital for one year, with maturity date of June 10, 2020. The loan bears a fixed interest rate of 5.655% per annum. The loan was subsequently repaid in full upon maturity. On June 1, 2020, the Company entered into another loan agreement with Bank of Nanjing to borrow ¥2,500,000 ($353,620) as working capital for one year, with maturity date of May 21, 2021. The loan bears a fixed interest rate of 4.35% per annum. The loans are guaranteed by one of the founders of the Company. (2) On April 23, 2020, the Company entered into a loan agreement with Beijing Rural Commercial Bank to borrow ¥6,000,000 ($848,689) as working capital for one year. The Company made the withdraw in an amount of ¥6,000,000 ($848,689) on April 30, 2020, which will be due on April 29, 2021. The loan bears a fixed interest rate of 5.655% per annum. The loan is guaranteed by one of the founders of the Company and he also pledged self-owned housing property with carrying value of approximately RMB 15.6 million ($2,207,440) as collateral for this loan. (3) On May 22, 2020, the Company entered into a loan agreement with Industrial and Commercial Bank of China to borrow ¥1,020,000 ($144,277) as working capital for six months, with maturity date of November 18, 2020. The loan bears a fixed interest rate of 4.45% per annum. Interest expense for the short-term bank loans was ¥Nil, ¥2,749 and ¥203,049 ($28,721) for the years ended June 30, 2018, 2019 and 2020, respectively.

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Jun. 30, 2020
SHORT-TERM BORROWINGS
SHORT-TERM BORROWINGS	NOTE 18. SHORT-TERM BORROWINGS Short-term borrowings due to third parties consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Short-term borrowings due to third parties: RMB RMB U.S. Dollars Short-term borrowing, 10% annual interest, due on September 8, 2019* ¥ 1,081,096 ¥ — $ — Short-term borrowing, 15% annual interest, due on June 23, 2021 200,000 28,290 Total short-term borrowings due to third party ¥ 1,081,096 ¥ 200,000 $ 28,290 Interest expense for short-term borrowings due to third parties was ¥Nil, ¥ 81,096 and ¥Nil for the years ended June 30, 2018, 2019 and 2020, respectively. *The principle of this short-term borrowing was repaid in full by the Company on August 31, 2019. The interest expense accrued for this loan was subsequently waived by the lender, as a result, the Company reversed the interest expense of ¥81,096 ($11,471) during the year ended June 30, 2020. Short-term borrowings due to related parties consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Short-term borrowings due to related parties: RMB RMB U.S. Dollars Short-term borrowing from a Founder, 5.65% annual interest, due on December 19, 2019 * ¥ 5,008,640 ¥ — $ — Short-term borrowing from a Founder, 5.65% annual interest, due on March 27, 2020* 4,001,885 — — Short-term borrowing from a Founder, 5.65% annual interest, due on December 19, 2020 — 5,008,640 708,463 Short-term borrowing from a Founder, 4.55% annual interest, due on March 25, 2021 — 4,002,106 566,090 Short-term borrowing from a Founder, interest-free, due on September 24, 2020* — 450,000 63,652 Short-term borrowing from a Founder's family member, interest-free, due on December 31, 2020** — 770,000 108,915 Total short-term borrowings due to related parties ¥ 9,010,525 ¥ 10,230,746 $ 1,447,120 No short-term borrowings due to related parties were guaranteed or collateralized at June 30, 2019 and 2020. Interest expense for short-term borrowings due to related parties was ¥325,185, ¥508,474 and ¥506,358 ($71,623) for the years ended June 30, 2018, 2019 and 2020, respectively. * The Company repaid the loans in full on maturity date. ** During the year ended June 30, 2020, the Company entered into a series of loan agreements with a Founder and a Founder's family member for a total amount of ¥8,415,000 ($1,190,287) as working capital for six months to one year. All loans are non-interest bearing and can be repaid before their maturity dates. By June 30, 2020, the Company has repaid a total of ¥7,195,000 ($1,017,720) and the remaining balance of ¥1,220,000 ($172,567) is outstanding as of June 30, 2020.

LONG-TERM BORROWINGS DUE TO REL

LONG-TERM BORROWINGS DUE TO RELATED PARTY	12 Months Ended
	Jun. 30, 2020
LONG-TERM BORROWINGS DUE TO RELATED PARTY
LONG-TERM BORROWINGS DUE TO RELATED PARTY	NOTE 19. LONG-TERM BORROWINGS DUE TO RELATED PARTY Long-term borrowings due to related party consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Long-term borrowings due to related party: RMB RMB U.S. Dollars Long-term borrowing from a Founder, monthly payments of ¥126,135 inclusive of interest at 8.90%, ten years loan, due in November 2027. ¥ 8,977,001 ¥ 8,226,599 $ 1,163,638 Less: current portion (780,797) (847,346) (119,856) Total long-term borrowings due to related party ¥ 8,196,204 ¥ 7,379,253 $ 1,043,782 No long-term borrowings due to related party were guaranteed or collateralized at June 30, 2019 and 2020. Interest expense for long-term borrowings due to related party was ¥546,676, ¥826,895 and ¥763,220 ($107,956) for the years ended June 30, 2018, 2019 and 2020, respectively. The future maturities of long-term borrowings due to related party at June 30, 2020 are as follows: Twelve months ending June 30, RMB U.S. Dollars 2021 ¥ 847,346 $ 119,856 2022 892,701 126,271 2023 975,474 137,979 2024 1,065,921 150,773 2025 1,164,755 164,752 Thereafter 3,280,402 464,007 Total ¥ 8,226,599 $ 1,163,638

ORDINARY SHARES

ORDINARY SHARES	12 Months Ended
	Jun. 30, 2020
ORDINARY SHARES
ORDINARY SHARES	NOTE 20. ORDINARY SHARES Stock offering On August 21, 2018, the Company entered into a definitive investment agreement and a supplemental agreement (collectively, the "Agreement") with FGS and the other shareholders of FGS. Following full performance under the Agreement, Recon will own 43% of FGS. As consideration for increasing its affiliates' interest in FGS from 8% to 43%, the Company will (1) pay a total of RMB 10 million in cash to FGS and (2) issue 487,057 restricted ordinary shares of the Company (the "Restricted Shares") to the other shareholders of FGS within 30 days after FGS finalizes recording the Company's corresponding interest at the local governmental agency. If FGS does not reach certain performance goals, the Company has the right to cancel without further payment part or all of the Restricted Shares. The Restricted Shares are also subject to lock-up period requirements that vary for each FGS shareholder, from two and a half years to four and a half years following issuance of the Restricted Shares under the supplemental agreement dated March 17, 2020. FGS has finalized recording Recon's corresponding interest at the local governmental agency, and Recon issued 487,057 Restricted Shares in total to the other shareholders of FGS at a price of $6.4375 per restricted share on September 21, 2018. On December 10, 2019, the Company’s Board approved to effect a one-for-five reverse stock split of its ordinary shares (the “Reverse Stock Split”) with the market effective date of December 27, 2019, such that the number of the Company’s ordinary shares is decreased from 100,000,000 to 20,000,000 and the par value of each ordinary share is increased from US$0.0185 to US$0.0925. As a result of the Reverse Stock Split, each five pre-split ordinary shares outstanding were automatically combined and converted to one issued and outstanding ordinary share without any action on the part of the shareholder. No fractional ordinary shares were issued to any shareholders in connection with the reverse stock split. Each shareholder was entitled to receive one ordinary share in lieu of the fractional share that would have resulted from the reverse stock split. As of December 26, 2019 (immediately prior to the effective date), there were 23,049,639 ordinary shares outstanding, and the number of ordinary shares outstanding after the Reverse Stock Split is 4,611,720, taking into account of the effect of rounding fractional shares into whole shares. In addition, all options and any other securities of the Company outstanding immediately prior to the Reverse Stock Split (to the extent they don’t provide otherwise) will be appropriately adjusted by dividing the number of ordinary shares into which the options and other securities are exercisable by 5 and multiplying the exercise price thereof by 5, as a result of the Reverse Stock Split. On May 21, 2020 and June 26, 2020, the Company and certain institutional investors (the “Purchasers”) entered into certain securities purchase agreements, pursuant to which the Company agreed to sell to such Purchasers an aggregate of 911,112 and 1,680,000 ordinary shares, respectively, par value $0.0925 per share in a registered direct offering and warrants to purchase up to 911,112 and 1,680,000 Ordinary Shares in a concurrent private placement, respectively, for gross proceeds of approximately $2.1 million and $2.1 million, respectively, before deducting the placement agent’s fees and other estimated offering expenses of approximately $0.3 million and $0.2 million, respectively. The net proceeds from these purchase agreements were approximately $1.7 million and $1.9 million, respectively. Appropriated Retained Earnings According to the Memorandum and Articles of Association, the Company is required to transfer a certain portion of its net profit, as determined under PRC accounting regulations, from current net income to the statutory reserve fund. In accordance with the PRC Company Law, companies are required to transfer 10% of their profit after tax, as determined in accordance with PRC accounting standards and regulations, to the statutory reserves until such reserves reach 50% of the registered capital or paid-in capital of the companies. As of June 30, 2019 and 2020, the balance of total statutory reserves was ¥4,148,929 and ¥4,148,929 ($586,858), respectively.

COMMON STOCK PURCHASE WARRANTS

COMMON STOCK PURCHASE WARRANTS ISSUED TO INVESTORS	12 Months Ended
	Jun. 30, 2020
Warrants and Rights Note Disclosure
COMMON STOCK PURCHASE WARRANTS ISSUED TO INVESTORS	NOTE 21. COMMON STOCK PURCHASE WARRANTS ISSUED TO INVESTORS In May and June 2020, the Company consummated two offerings (See Note 20). In connection with the offering, the Company issued to the investors warrants to purchase an aggregate of 911,112 common shares at an exercise price of $2.25 per common share, which was amended to $1.25 per common share on the second offering on June 30, 2020. These warrants are exercisable at any time, and from time to time, in whole or in part, commencing on May 26, 2020 and expire on November 25, 2025. The fair value of these warrants, using the Black-Scholes option pricing model, on the date of issuance was $1,689,389. Variables used in the option-pricing model include (1) risk-free interest rate at the date of grant (0.40%), (2) expected warrant life of 5.5 years, (3) expected volatility of 99.50%, and (4) expected dividend yield of 0. As of June 30, 2020, all these warrants were outstanding. In June 2020, the Company issued to the investors warrants to purchase an aggregate of 1,680,000 common shares at an exercise price of $1.25 per common share. These warrants are exercisable at any time, and from time to time, in whole or in part, commencing on June 30, 2020 and expire on December 30, 2025. The fair value of these warrants, using the Black-Scholes option pricing model, on the date of issuance was $1,639,333. Variables used in the option-pricing model include (1) risk-free interest rate at the date of grant (0.35%), (2) expected warrant life of 5.5 years, (3) expected volatility of 104.26%, and (4) expected dividend yield of 0. As of June 30, 2020, all these warrants were outstanding.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Jun. 30, 2020
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 22. STOCK-BASED COMPENSATION Stock-Based Awards Plan The following is a summary of the stock options activity: Weighted Average Exercise Price Stock Options Shares Per Share Outstanding as of June 30, 2018 163,120 $ 15.20 Granted — — Forfeited — — Exercised — — Outstanding as of June 30, 2019 163,120 $ 15.20 Granted — — Forfeited — — Exercised — — Expired 53,600 25.75 Outstanding as of June 30, 2020 109,520 $ 10.02 The following is a summary of the status of options outstanding and exercisable at June 30, 2020: Outstanding Options Exercisable Options Average Average Remaining Remaining Average Exercise Contractual Average Exercise Contractual Price Number life (Years) Price Number life (Years) $ 14.80 29,520 1.74 $ 14.80 29,520 1.74 $ 8.25 80,000 4.59 $ 8.25 80,000 4.59 109,520 The Share-based compensation expense recorded for stock options granted was ¥840,286, ¥Nil and ¥Nil for the years ended June 30, 2018, 2019 and 2020, respectively. No unrecognized share-based compensation for stock options as of June 30, 2020. Restricted Shares to Senior Management As of June 30, 2020, the Company has granted restricted shares of common stock to senior management and employees as follows: On October 18, 2015, the Company granted 160,000 restricted shares to its employees and non-employee director as compensation cost for awards. The fair value of the restricted shares was $704,000 based on the closing stock price $4.40 at October 18, 2015. These restricted shares were vested over three years with one-third of the shares vesting every year from the grant date. As of June 30, 2017, 3,800 shares were forfeited and went back to the incentive pool due to some staffs’ resignation. All granted shares under this plan are fully vested on October 18, 2018. On July 27, 2016, the Company granted 175,200 restricted shares to its employees and non-employee director as compensation cost for awards. The fair value of the restricted shares was $963,600 based on the closing stock price $5.50 at July 27, 2016. The Company also re-granted the previously forfeited 3,800 to its employees. These restricted shares will vest over three years with one-third of the shares vesting every year from the grant date. All granted shares under this plan are fully vested on July 27, 2019. On December 9, 2016, the Company approved management’s new plan based on future performance for the three fiscal years from 2017 to 2019. The Company also agreed on front-issuing of shares based on the optimism situation, thus non-vested 602,000 shares were issued to management on January 23 2017. The fair value of the restricted shares was $4,063,500 based on the closing stock price $6.75 at December 9, 2016. 160,000 shares were vested during the year ended June 30, 2018 based on the financial results for the year ended June 30, 2017. 192,000 shares were vested during the year ended June 30, 2019 based on the financial results for the year ended June 30, 2018. 250,000 shares were vested during the year ended June 30, 2019 based on the financial results for the year ended June 30, 2019. On October 13, 2017, the Company granted 180,000 restricted shares to its employees as compensation cost for awards. The fair value of the restricted shares was $919,800 based on the closing stock price $5.11 at October 13, 2017. These restricted shares will vest over three years with one-third of the shares vesting every year from the grant date. As of June 30, 2020, 120,000 shares were vest and 60,000 will not be vested until October 13, 2020. On August 21, 2018, the Company granted 391,200 restricted shares to its employees as compensation cost for awards. The fair value of the restricted shares was $2,523,240 based on the closing stock price $6.45 at August 21, 2018. These restricted shares will vest over three years with one-third of the shares vesting every year from the grant date. The first 130,400 shares were vested on August 21, 2019. The remaining 260,800 will not be vested until August 21, 2020 and 2021, respectively. 1,563,667, 858,667 and 250,086 restricted shares were issued and outstanding for the years ended June 30, 2018, 2019 and 2020, respectively, for all the plans mentioned above. The share-based compensation expense recorded for restricted shares issued for management was ¥14,621,838, ¥21,288,204 and ¥7,944,835 ($1,123,782) for the years ended June 30, 2018, 2019 and 2020, respectively. The total unrecognized share-based compensation expense of restricted shares issued for management and employees as of June 30, 2020 was approximately ¥7.40 million ($1.05 million), which is expected to be recognized over a weighted average period of approximately 1.07 years. Restricted Shares for service As of June 30, 2020, the Company has granted restricted ordinary shares to consultants as follows: On March 31, 2017, the Company approved the grant of 40,000 restricted shares with a value of $256,020 based on the closing stock price of $6.4005 on March 31, 2017 to designees of an independent consulting firm as payment for accounting management and consulting service. The vesting period of these shares was two-year from the date of contract. The 40,000 restricted shares were issued on November 17, 2017 and September 13, 2018, respectively. On April 5, 2017, the Company approved the grant of 60,000 restricted shares with a value of $390,000 based on the closing stock price of $6.50 on April 5, 2017 to a company as payment for promotion PR/IR service. The vesting period of these shares was one year from the date of contract. 60,000 restricted shares were vested and no shares were issued as of date of this report. On April 24, 2017, the Company approved the grant of 100,000 restricted shares with a value of $555,050 to a company to prepare research report for online gas selling platform. The fair value of those restricted shares was based on the closing stock price of $5.505 on June 15, 2017 when the service was fully rendered to the Company. All granted shares under this plan are fully vested by June 15, 2017 and issued on November 17, 2017. On August 27, 2018, the Company approved the grant of 5,000 restricted shares with a value of $32,000 based on the closing stock price of $6.40 on August 27, 2018 to a company as payment for promotion PR/IR service. The vesting period of these shares was one year from the date of contract. 5,000 restricted shares were issued under this plan on August 27, 2018 and all granted shares under this plan are fully vested by August 27, 2019. The Share-based compensation expense recorded for restricted shares issued for service was ¥3,050,896, ¥845,781 and ¥33,927 ($4,799) for the years ended June 30, 2018, 2019 and 2020, respectively. The total unrecognized share-based compensation expense of restricted shares issued for service as of June 30, 2020 was approximately ¥Nil. Following is a summary of the restricted shares granted: Restricted stock grants Shares Non-vested as of June 30, 2018 808,400 Granted 396,200 Vested (382,956) Non-vested as of June 30, 2019 821,644 Granted — Vested (500,844) Non-vested as of June 30, 2020 320,800 The following is a summary of the status of restricted stock at June 30, 2020: Outstanding Restricted Shares Average Remaining Fair Value per Amortization Share Number Period (Years) $ 5.11 60,000 0.29 $ 6.45 260,800 1.14 320,800

INCOME TAX

INCOME TAX	12 Months Ended
	Jun. 30, 2020
INCOME TAX
INCOME TAX	NOTE 23. INCOME TAX The Company is not subject to any income taxes in the United States or the Cayman Islands and had minimal operations in jurisdictions other than the PRC. BHD and Nanjing Recon are subject to PRC’s income taxes as PRC domestic companies. The Company follows Implementing Rules for the Enterprise Income Tax Law (“Implementing Rules”), which took effect on January 1, 2008 and unified the income tax rate for domestic-invested and foreign-invested enterprises at 25%. Nanjing Recon was approved as a government-certified high-technology company and is subject to a reduced income tax rate of 15% through November 30, 2019. Nanjing Recon reapplied for a high-technology company certificate, and the new certificate was approved as November 22, 2019 and will expire on November 22, 2022. As approved by the domestic tax authority in the PRC, BHD was recognized as a government-certified high-technology company on November 25, 2009 and is subject to a reduced income tax rate of 15% through November 25, 2018. BHD reapplied for a high-technology company certificate, and the new certificate was approved as October 31, 2018 and will expire on October 31, 2021. Loss before provision for income taxes consisted of: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Outside China areas ¥ (28,447,953) ¥ (10,160,525) $ (1,437,190) China 3,064,024 (9,679,757) (1,369,184) Total ¥ (25,383,929) ¥ (19,840,282) $ (2,806,374) Deferred tax asset, net is composed of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Deferred tax assets: Allowance for doubtful receivables ¥ 832,515 ¥ 1,180,160 $ 166,932 Impairment loss from investment in unconsolidated entity 605,660 605,660 85,669 Net operating loss carryforwards 7,456,198 10,441,633 1,476,950 Less: Valuation allowance (8,894,373) (12,162,660) (1,720,386) Total deferred tax assets ¥ — ¥ 64,793 $ 9,165 Deferred tax Liability: Accelerated amortization of intangible assets ¥ — ¥ (64,793) $ (9,165) Total deferred tax liability ¥ — ¥ (64,793) (9,165) Deferred tax assets, net ¥ — ¥ — $ — Following is a reconciliation of income tax expense at the effective rate to income tax at the calculated statutory rates: For the years ended June 30, 2018 2019 2020 2020 RMB RMB RMB U.S. Dollars Income tax benefits calculated at PRC statutory rates ¥ (5,679,505) ¥ (6,318,111) ¥ (4,960,454) $ (701,646) Nondeductible expenses and others (65,427) (56,127) 232,213 32,846 Effect of tax rate differential 2,009,486 6,378,169 2,008,824 284,144 Benefit of revenue exempted from enterprise income tax (55,748) (279,352) (266,548) (37,703) Change in valuation allowances 3,869,157 673,898 3,268,287 462,293 Tax refund (61,733) — — — Provision for income tax ¥ 16,230 ¥ 398,477 ¥ 282,322 $ 39,934 The Company’s income tax expense is comprised of the following: For the years ended June 30, 2018 2019 2020 2020 RMB RMB RMB U.S. Dollars Current income tax provision ¥ 16,230 ¥ 398,477 ¥ 282,322 $ 39,934 Expense for income tax ¥ 16,230 ¥ 398,477 ¥ 282,322 $ 39,934

NON-CONTROLLING INTEREST

NON-CONTROLLING INTEREST	12 Months Ended
	Jun. 30, 2020
NON-CONTROLLING INTEREST
NON-CONTROLLING INTEREST	NOTE 24. NON-CONTROLLING INTEREST Non-controlling interest consisted of the following: As of June 30, 2019 Nanjing Gan Su Qinghai BHD Recon BHD BHD Total Total RMB RMB RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 4,350,000 ¥ — ¥ 6,201,000 $ 903,040 Unappropriated retained earnings 3,477,493 3,616,002 (1,351,699) (826,664) 4,915,132 715,783 Accumulated other comprehensive loss (18,850) (11,853) — — (30,703) (4,471) Total non-controlling interests ¥ 5,109,643 ¥ 3,804,149 ¥ 2,998,301 ¥ (826,664) ¥ 11,085,429 $ 1,614,352 As of June 30, 2020 Nanjing Gan Su Qinghai BHD Recon BHD BHD Total Total RMB RMB RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 4,755,000 ¥ — ¥ 6,606,000 $ 934,406 Unappropriated retained earnings 3,477,493 3,616,002 (2,100,871) (953,395) 4,039,229 571,342 Accumulated other comprehensive loss (18,850) (11,853) — - (30,703) (4,343) Total non-controlling interests ¥ 5,109,643 ¥ 3,804,149 ¥ 2,654,129 ¥ (953,395) ¥ 10,614,526 $ 1,501,405 The Company received capital contribution from non-controlling shareholders of Gan Su BHD amounted to ¥3,500,000, ¥850,000 and ¥405,000 ($57,286) during the years ended June 30, 2018, 2019 and 2020, respectively. The Company received capital contribution from non-controlling shareholders of Qing Hai BHD amounted to ¥200,000 during the year ended June 30, 2018 and returned ¥200,000 paid in capital back to one of the individual shareholders of Qing Hai BHD during the year ended June 30, 2019. No capital contribution was received from non-controlling shareholders during the year ended June 30, 2020.

CONCENTRATIONS

CONCENTRATIONS	12 Months Ended
	Jun. 30, 2020
CONCENTRATIONS
CONCENTRATIONS	NOTE 25. CONCENTRATIONS For the year ended June 30, 2018, CNPC represented approximately 45% and another customer represented approximately 43% of the Company’s revenue. At June 30, 2018, CNPC accounted for 29% and another two customers accounted for 22% and 14% of the Company’s trade accounts receivable, net, respectively. For the year ended June 30, 2019, CNPC represented approximately 39% and another two customers represented approximately 24% and 12% of the Company's revenue, respectively. At June 30, 2019, CNPC accounted for 31% and another three customers accounted for 18%, 14% and 10% of the Company's trade accounts receivable, net, respectively. For the year ended June 30, 2020, CNPC represented approximately 39% and another two customers represented approximately 31% and 17% of the Company's revenue, respectively. At June 30, 2020, CNPC accounted for 36% and another two customers accounted for 11% and 10% of the Company’s trade accounts receivable, net, respectively.

COMMITMENTS AND CONTINGENCY

COMMITMENTS AND CONTINGENCY	12 Months Ended
	Jun. 30, 2020
COMMITMENTS AND CONTINGENCY
COMMITMENTS AND CONTINGENCY	NOTE 26. COMMITMENTS AND CONTINGENCY (a) Contingency The Labor Contract Law of the PRC requires employers to assure the liability of severance payments if employees are terminated and have been working for the employers for at least two years prior to January 1, 2008. The employers will be liable for one month of severance pay for each year of the service provided by the employees. As of June 30, 2020, the Company estimated its severance payments of approximately ¥3.9 million ($0.6 million) which has not been reflected in its consolidated financial statements, because management cannot predict what the actual payment, if any, will be in the future. (b) Purchase commitment The total future minimum purchase commitment under the non-cancellable purchase contracts as of June 30, 2020 are payable as follows: Twelve months ending June 30, Minimum purchase commitment 2021 ¥ 2,526,259 $ 357,335 Thereafter — — Total minimum payments required ¥ 2,526,259 $ 357,335 (c) Office Leases Commitment - short term The Company entered into several non-cancellable operating lease agreements for office spaces and factories. Future payments under such leases were included in lease liabilities as disclosed in Note 14, other than those within under lease agreements within one year which are disclosed as follows as of June 30, 2021: Twelve months ending June 30, RMB U.S. Dollars 2021 ¥ 578,819 $ 81,873 Total ¥ 578,819 $ 81,873

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	12 Months Ended
	Jun. 30, 2020
RELATED PARTY TRANSACTIONS AND BALANCES
RELATED PARTY TRANSACTIONS AND BALANCES	NOTE 27. RELATED PARTY TRANSACTIONS AND BALANCES Sales to related party – sales to related party consisted of the following: For the years ended June 30, 2018 2019 2020 2020 RMB RMB RMB U.S. Dollars Urumqi Yikeli Automatic Control Equipment Co., Ltd. ¥ 577,009 ¥ 3,726,894 ¥ — $ — Total revenues from related party ¥ 577,009 ¥ 3,726,894 ¥ — $ — Prepaid expenses - related parties - prepaid expenses - related parties consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Founders ¥ 132,600 ¥ — ¥ — Founders' family member 85,000 — — Total prepaid expenses - related parties ¥ 217,600 ¥ — $ — 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 ¥120,000 with annual rental expense at ¥1.44 million ($0.20 million). The details of leases from related parties are as below: Monthly Rent Monthly Rent Lessee Lessor Rent Period RMB USD Nanjing Recon One of the Founders April 1, 2020 - March 31, 2022 ¥ 40,000 $ 5,658 BHD One of the Founders Jan 1, 2020- Dec 31, 2020 22,500 3,183 BHD Founders' family member Jan 1, 2020- Dec 31, 2020 47,500 6,719 Recon-BJ One of the Founders July 1, 2020-Jun 1 ,2021 10,000 1,414 As of June 30, 2020, the operating lease ROU assets and corresponding operating lease liabilities of leases from related parties was ¥803,503 ($113,654) and ¥803,503 ($113,654), respectively. Guarantee/collateral related parties - The Company’s founders provide guarantee and collateral for the Company’s short-term bank loans (see Note 17).

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
	Jun. 30, 2020
VARIABLE INTEREST ENTITIES
VARIABLE INTEREST ENTITIES	NOTE 28. VARIABLE INTEREST ENTITIES VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision-making ability. All VIEs and their subsidiaries with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes. Summary information regarding consolidated VIEs is as follows: June 30, 2019 June 30, 2020 June 30, 2020 RMB RMB U.S. Dollars ASSETS Current Assets Cash ¥ 444,763 ¥ 6,388,098 $ 903,585 Notes receivable 3,073,680 4,180,885 591,378 Trade accounts receivable, net 68,535,282 44,031,079 6,228,114 Trade accounts receivable- related party, net 3,409,912 3,068,920 434,093 Inventories, net 1,270,523 1,985,723 280,877 Other receivables, net 5,496,813 6,342,009 897,065 Loans to third parties 4,960,000 3,200,377 452,687 Purchase advances, net 1,343,576 75,195 10,636 Contract assets, net 4,633,940 31,537,586 4,460,933 Prepaid expenses — 42,294 5,982 Prepaid expenses - related parties 217,600 — — Total current assets 93,386,089 100,852,166 14,265,350 Property and equipment, net 3,661,321 29,756,879 4,209,055 Construction in progress 21,524,994 — — Land use right, net 1,307,887 1,280,648 181,145 Investment in unconsolidated entity 4,000,000 4,000,000 565,793 Long-term other receivables, net 440,015 3,640 515 Prepayments for construction in progress 1,144,098 — — Right of use assets — 2,549,914 360,681 Total Assets ¥ 125,464,404 ¥ 138,443,247 $ 19,582,539 LIABILITIES Short-term bank loan ¥ 2,500,000 ¥ 9,520,000 $ 1,346,586 Trade accounts payable 14,089,293 18,903,080 2,673,805 Other payables 946,941 1,115,209 157,744 Other payable- related parties 1,532,662 3,113,460 440,393 Advance from customers 120,000 3,486,033 493,093 Accrued payroll and employees' welfare 988,785 850,841 120,350 Taxes payable 2,180,805 1,108,265 156,762 Short-term borrowings 1,081,096 200,000 28,290 Short-term borrowings - related parties 9,010,525 10,230,746 1,447,120 Long-term borrowings - related party - current portion 780,797 847,346 119,856 Operating lease liabilities - current — 1,328,976 187,981 Total current liabilities 33,230,904 50,703,956 7,171,980 　 　 Operating lease liabilities - non-current — 1,210,088 171,165 Long-term borrowings - related party 8,196,204 7,379,253 1,043,782 Total Liabilities ¥ 41,427,108 ¥ 59,293,297 $ 8,386,927 The financial performance of VIEs reported in the consolidated statement of operations and comprehensive loss for the year ended June 30, 2018 includes revenues of ¥84,712,046, operating expenses of ¥22,441,733, and net loss of ¥22,734,249. The financial performance of VIEs reported in the consolidated statement of operations and comprehensive loss for the year ended June 30, 2019 includes revenues of ¥102,384,327, operating expenses of ¥21,501,642, and net income of ¥3,500,635. The financial performance of VIEs reported in the consolidated statement of operations and comprehensive loss for the year ended June 30, 2020 includes revenues of ¥45,681,441 ($6,461,555), operating expenses of ¥20,811,514 ($2,943,750), and net loss of ¥10,563,458 ($1,494,181).

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Jun. 30, 2020
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 29. SEGMENT REPORTING ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products. Based on management’s assessment, the Company has determined that it has three operating segments: automation product and software, equipment and accessories and oilfield environmental protection. The following tables present summary information by segment for the years ended June 30, 2018, 2019 and 2020, respectively: For the year ended June 30, 2018 2019 2020 2020 RMB RMB RMB U.S. Dollars Automation product and software ¥ 18,989,924 ¥ 63,577,177 ¥ 51,413,830 $ 7,272,390 Equipment and accessories 63,960,425 23,951,132 14,222,623 2,011,764 Oilfield environmental protection 1,761,697 14,856,018 124,198 17,568 Total revenue ¥ 84,712,046 ¥ 102,384,327 ¥ 65,760,651 $ 9,301,722 For the year ended June 30, 2020 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 51,413,830 ¥ 14,222,623 ¥ 124,198 ¥ 65,760,651 Cost of revenue and related tax 38,257,914 7,683,662 212,679 46,154,255 Gross profit ¥ 13,155,916 ¥ 6,538,961 ¥ (88,481) ¥ 19,606,396 Depreciation and amortization ¥ 98,756 ¥ 683,522 ¥ 827,422 ¥ 1,609,700 Total capital expenditures ¥ 85,975 ¥ — ¥ 3,782,911 ¥ 3,868,886 Timing of revenue recognition Goods transferred at a point in time ¥ 10,871,301 ¥ 14,222,623 ¥ — ¥ 25,093,924 Services rendered over time 40,542,529 — 124,198 40,666,727 Total revenue ¥ 51,413,830 ¥ 14,222,623 ¥ 124,198 ¥ 65,760,651 For the year ended June 30, 2019 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 63,577,177 ¥ 23,951,132 ¥ 14,856,018 ¥ 102,384,327 Cost of revenue and related tax 49,356,155 15,039,628 8,123,180 72,518,963 Gross profit ¥ 14,221,022 ¥ 8,911,504 ¥ 6,732,838 ¥ 29,865,364 Depreciation and amortization ¥ 78,760 ¥ 1,018,012 ¥ 27,239 ¥ 1,124,011 Total capital expenditures ¥ 162,060 ¥ 1,573,896 ¥ 4,606,823 ¥ 6,342,779 Timing of revenue recognition Goods transferred at a point in time ¥ 24,514,246 ¥ 23,951,132 ¥ — ¥ 48,465,378 Services rendered over time 39,062,931 — 14,856,018 53,918,949 Total revenue ¥ 63,577,177 ¥ 23,951,132 ¥ 14,856,018 ¥ 102,384,327 For the year ended June 30, 2018 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 18,989,924 ¥ 63,960,425 ¥ 1,761,697 ¥ 84,712,046 Cost of revenue and related tax 17,036,393 62,115,400 1,410,068 80,561,861 Gross profit ¥ 1,953,531 ¥ 1,845,025 ¥ 351,629 ¥ 4,150,185 Depreciation and amortization ¥ 48,127 ¥ 1,044,079 ¥ 26,843 ¥ 1,119,049 Total capital expenditures ¥ 100,327 ¥ 1,403,083 ¥ 10,519,072 ¥ 12,022,482 Timing of revenue recognition Goods transferred at a point in time ¥ 2,993,596 ¥ 63,960,425 ¥ — ¥ 66,954,021 Services transferred over time 15,996,328 — 1,761,697 17,758,025 Total revenue ¥ 18,989,924 ¥ 63,960,425 ¥ 1,761,697 ¥ 84,712,046 June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Total assets: Automation product and software ¥ 71,337,589 ¥ 81,743,307 $ 11,562,437 Equipment and accessories 50,800,483 61,578,632 8,710,183 Oilfield environmental protection 34,843,482 51,092,865 7,226,991 Total Assets ¥ 156,981,554 ¥ 194,414,804 $ 27,499,611

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2020
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 30. SUBSEQUENT EVENTS On June 29, 2020, the Company entered into a loan agreement with Bank of Nanjing to borrow ¥1,500,000 ($212,172) as working capital for one year. The Company made the withdrawal in an amount of ¥1,500,000 ($212,172) on July 1, 2020, which will be due on June 27, 2021. The loan bears a fixed interest rate of 4.35% per annum. The loan is guaranteed by one of the founders of the Company.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2020
SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation - The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and have been consistently applied.
Principles of Consolidation	Principles of Consolidation - The consolidated financial statements include the accounts of the Company, all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation.
Variable Interest Entities	Variable Interest Entities - A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support or (ii) has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated by its primary beneficiary. The primary beneficiary has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. The Company performs ongoing assessments to determine whether an entity should be considered a VIE and whether an entity previously identified as a VIE continues to be a VIE and whether the Company continues to be the primary beneficiary. Assets recognized as a result of consolidating VIEs do not represent additional assets that could be used to satisfy claims against the Company’s general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets; rather, they represent claims against the specific assets of the consolidated VIEs.
Currency Translation	Currency Translation - The Company’s functional currency is the Chinese Yuan (“RMB”) and the accompanying consolidated financial statements have been expressed in Chinese Yuan. The consolidated financial statements as of and for the year ended June 30, 2020 have been translated into United States dollars (“U.S. dollars”) solely for the convenience of the readers. The translation has been made at the rate of ¥7.0697 = US$1.00, the approximate exchange rate prevailing on June 30, 2020. These translated U.S. dollar amounts should not be construed as representing Chinese Yuan amounts or that the Chinese Yuan amounts have been or could be converted into U.S. dollars.
Estimates and Assumptions	Estimates and Assumptions - The preparation of the consolidated financial statements in conformity with US GAAP, which requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Estimates are adjusted to reflect actual experience when necessary. Significant accounting estimates reflected in the Company’s consolidated financial statements include allowance for doubtful accounts related to trade accounts receivable, other receivables and purchase advances, allowance for inventory, the useful lives of property and equipment, valuation allowance for deferred tax assets, impairment assessment for long-lived assets, the discount rate for lease and investment and the fair value of share- based payments. The use of estimates is an integral component of the financial reporting process; actual results could differ from those estimates. The key assumptions underlying the Company’s accounting for material arrangements and the reasonably likely material effects of resolving any uncertainties on the Company’s allowance for doubtful accounts related to purchase advances. The production of the Company’s products requires custom-made equipment from its suppliers. To ensure that it can secure the required customized equipment, the Company often needs to make full prepayment for its intended purchases. As a standard practice in the petroleum extraction industry, the Company generally must submit a bid in order to secure the sales contract. The bidding process generally takes between one month to one year and the timing depends on the size of the overall project, which timing and size are generally controlled by its client. In order to secure timely purchase delivery and to meet its product delivery schedule, the Company normally prepays for the purchase advances if the Company believes that it is more than likely to win the bid for the sales contract which is accounted as pre-contract costs. After winning the bid and securing the sale contract, the Company normally needs to deliver its products approximately within one week to six months. Based on the Company’s historical experience, the Company generally is able to realize its purchase advances on the customized equipment that it orders. If it subsequently confirms that the Company is unable to secure the planned contracts with a customer after making the advance payments for these planned contracts, the Company evaluates the probable recoverability of the pre-contract cost and charges to expenses when the Company determines that the recovery of such pre-contract cost is improbable.
Fair Values of Financial Instruments	Fair Values of Financial Instruments - The US GAAP accounting standards regarding fair value of financial instruments and related fair value measurements define fair value, establish a three-level valuation hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable. Accounting guidance also describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. The Company measures certain financial assets, including investments under the equity method on other-than-temporary basis, intangible assets and fixed assets at fair value when an impairment charge is recognized. The carrying amounts reported in the consolidated balance sheets for trade accounts receivable, other receivables, purchase advances, trade accounts payable, accrued liabilities, advances from customers, investment payable, short-term bank loan and short-term borrowings approximate fair value because of the immediate or short-term maturity of these financial instruments.
Cash	Cash - Cash includes cash on hand consisting of coins, currency, undeposited checks, money orders and drafts, demand deposits in banks, certain short-term highly liquid investments and cash in transit.
Trade Accounts and Other Receivables , Net	Trade Accounts and Other Receivables , Net - Accounts receivable are carried at original invoiced amount less a provision for any potential uncollectible amounts. Accounts are considered to be under certain credit risk when the related receivables are more than a year old. Provision is made against trade accounts and other receivables to the extent they are considered to be doubtful. Accounts are written off after extensive efforts at collection. Other receivables arise from transactions with non-trade customers.
Notes Receivable	Notes Receivable - Notes receivable represent short-term notes receivable issued by reputable financial institutions that entitle the Company to receive the full-face amount from the financial institutions at maturity, which generally range from three to six months from the date of issuance.
Purchase Advances, Net	Purchase Advances, Net - Purchase advances are the amounts prepaid to suppliers for business activities, such as standard raw materials, supplies and services. These types of prepayments will be expensed when those products or services have been rendered or consumed.
Inventories, Net	Inventories, Net - Inventories are stated at the lower of cost or net realizable value, on a first-in-first-out basis. The methods of determining inventory costs are used consistently from year to year. Allowance for inventory obsolescence is provided when the market value of certain inventory items is lower than the cost.
Property and Equipment, Net	Property and Equipment, Net - Property and equipment are stated at cost. Depreciation on motor vehicles and office equipment is computed using the straight-line method over the estimated useful lives of the assets, which range from two to ten years. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the assets. Items Useful life Motor vehicles 5-10 years Office equipment 2-5 years Production equipment 10-20 years
Land Use Rights, Net	Land Use Rights, Net - According to the Chinese laws and regulations regarding land use rights, land in urban districts is owned by the State, while land in the rural areas and suburban areas, except otherwise provided for by the State, is collectively owned by individuals designated as resident farmers by the State. In accordance with the legal principle that land ownership is separate from the right to the use of the land, the government grants individuals and companies the rights to use parcels of land for a specified period of time. Land use rights which are usually prepaid, are stated at cost less accumulated amortization. Amortization is provided over the life of the land use rights, using the straight-line method. The estimated useful life is 50 years, based on the term of the land use rights.
Long-Lived Assets	Long-Lived Assets - Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. Fair value is determined based on the estimated discounted future cash flows expected to be generated by the asset. There were no impairments at June 30, 2019 and 2020.
Long-term investments	Long-term Investments - Cost method investment - For an investee over which the Company does not have significant influence and a controlling interest, the Company carries the investment at cost and recognizes income for any dividend received from the distribution of the investee’s earnings. The Company reviews its cost method investment for impairment whenever an event or circumstance indicates that an other-than-temporary impairment has occurred. The Company considers available quantitative and qualitative evidence in evaluating potential impairment of its cost method investment. An impairment charge is recorded if the carrying amount of an investment exceeds its fair value and such excess is determined to be other-than-temporary. - Equity method investment - For an investee over which the Company has the ability to exercise significant influence, but does not have a controlling interest, the Company accounted for those using the equity method. Significant influence is generally considered to exist when the Company has an ownership interest in the voting stock of the investee between 20% and 50%. Other factors, such as representation on the investee’s board of directors, voting rights and the impact of commercial arrangements, are also considered in determining whether the equity method of accounting is appropriate. An impairment charge is recorded if the carrying amount of the investment exceeds its fair value and this condition is determined to be other-than-temporary. The Company recorded ¥4,037,736 impairment loss on its equity method investment in unconsolidated entity during the year ended June 30, 2018. The Company did not record impairment losses on its equity method investment for the years ended June 30, 2019 and 2020. No investment income or loss was recorded for the year ended June 30, 2018, and the Company recorded ¥959,905 investment loss and ¥462,879 ($65,473) investment income on its equity method investment in unconsolidated entity for the years ended June 30, 2019 and 2020.
Revenue Recognition	Revenue Recognition – In accordance with ASC 606, “Revenue from Contracts with Customers”, revenue is recognized when all of the following five steps are met: (i) identify the contract(s) with the customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations; (v) recognize revenue when (or as) each performance obligation is satisfied. The core principle underlying the new revenue recognition Accounting Standards Update (“ASU”) is that the Company recognizes revenue to represent the transfer of goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. The Company identifies contractual performance obligations and determines whether revenue should be recognized at a point in time or over time, based on when goods or services are provided to a customer. Disaggregation of Revenues Revenues are recognized when control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The following items represent the Company’s revenues disaggregated by revenue source. In accordance with ASC 606-10-50-5, the Company selects categories to present disaggregated revenue that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors and delivery conditions of products and fulfillment of obligations. The Company’s disaggregation of revenues for the years ended June 30, 2018, 2019 and 2020 is disclosed in Note 29. Automation Products and Software; Equipment and Accessories The Company generates revenues primarily through delivery of standard or customized products and equipment, including automation products, furnaces and related accessories. Revenue is recognized when products are delivered, and acceptance reports are signed off by customers. The sale of automation products or specialized equipment when combined with services represent a single performance obligation for the development and construction of a single asset. The Company may also provide design or installation services to clients as there may be such obligation in contracts. The promises to transfer the goods and provision of services are not separately identifiable, which is evidenced by the fact that the Company provides significant services of integrating the goods and services into a single deliverable for which the customer has contracted. For such sales arrangements, the Company recognizes revenue using input method, based on the relationship between actual costs incurred compared to the total estimated costs for the contract. Such method is adopted because the Company believes it best depicts the transfer of goods and services to the customer. Oilfield Environmental Protection Service The Company provides wastewater treatment and oily sludge disposal service to oilfield and chemical industry companies and generates revenue from special equipment, self-developed chemical products and supporting service, transfer and treatment of oily sludge. Revenue is recognized when contract obligations have been performed. For such sales arrangements, the Company recognizes revenue using input method, based on the relationship between actual costs incurred compared to the total estimated costs for the contract. Such method is adopted because the Company believes it best depicts the transfer of services to the customer. Arrangements with Multiple Performance Obligations Contracts with customers may include multiple performance obligations. For such arrangements, the Company will allocate revenues to each performance obligation based on its relative standalone selling price. We generally determine standalone selling prices based on the prices charged to customers or using expected cost-plus margin. Contract Balances Contract balances typically arise when a difference in timing between the transfer of control to the customer and receipt of consideration occurs. The following table provides information about contract assets and contract liabilities from contracts with customers: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Contract assets ¥ 4,633,940 ¥ 31,537,586 $ 4,460,933 Contract liabilities ¥ 120,000 ¥ 3,486,033 $ 493,093 Contract Assets, net - The Company recognizes an asset from the costs incurred to fulfill a contract when those costs meet all of the following criteria: (i) the costs relate directly to a contract or to an anticipated contract that the Company can specifically identify; (ii) the costs generate or enhance resources of the Company that will be used in satisfying (or in continuing to satisfy) performance obligations in the future; and (iii) the costs are expected to be recovered. - Pre-Contract Costs - Pre-contract costs are the amounts prepaid to suppliers for purchases of customized equipment in anticipation of obtaining planned contracts for the Company’s hardware and software revenues. If it subsequently confirms that the Company is unable to secure the planned contracts with a customer after making the advance payments for these planned contracts, the Company evaluates the probable recoverability of the pre-contract cost and charges to expenses when the Company determines that the recovery of such pre-contract cost is improbable. - Executed Contract Costs - Direct costs, such as material, labor, depreciation and amortization and subcontracting costs and indirect costs allocable to contracts include the costs of contract supervision, tools and equipment, supplies, quality control and inspection, insurance, repairs and maintenance for quality assurance purposes before clients’ initial acceptance. Once products are delivered, installed and debugged for intended use and accepted by a client, which may last from weeks to months (this process is decided by the client’s individual project construction arrangement), the Company records revenue based on the contract or the final clients’ acceptance. Minor costs for repair during the maintenance period after initial acceptance are recorded as cost of goods sold as they are incurred. All other general and administrative costs and selling costs are charged to expenses as incurred. The Company generally ships its products approximately one week to six months after production begins and the timing depends on the size of the overall project. Contract liabilities - Contract liabilities are recognized for contracts where payment has been received in advance of performance under the contract. The Company’s contract liabilities consist primarily of the Company’s unsatisfied performance obligations as of the balance sheet dates. Contract liabilities are recognized as revenue after control of the products or services is transferred to the customer and all revenue recognition criteria have been met. Performance Obligations - Performance obligations include delivery of products and provision of services. The Company recognizes revenue when performance obligations under the terms of a contract with its customer are satisfied. This occurs when the control of the goods and services have been transferred to the customer. Accordingly, revenue for sale of goods is generally recognized upon shipment or delivery depending on the shipping terms of the underlying contract, and revenue for provision of services is recognized over the service period. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods and providing services. Amounts billed to customers for shipping and handling activities to fulfill the Company’s promise to transfer the goods are included in revenues, and costs incurred by the Company for the delivery of goods are classified as cost of sales in the consolidated statements of operations and comprehensive loss. Sales, value added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Company generally offers assurance-type warranties for its products. The specific terms and conditions of those warranties vary depending upon the product. The Company estimates the costs that may be incurred under its warranties and records a liability in the amount of such costs at the time product revenue is recognized. Factors that affect the warranty liability include historical product-failure experience and estimated repair costs for identified matters. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. The amount accrued for expected returns and warranty claims was immaterial as of June 30, 2020. The amount of revenue recognized during the year ended June 30, 2020 that was previously included within contract liability balances was ¥Nil. Practical Expedients Elected Incremental Costs of Obtaining a Contract - The Company has elected the practical expedient permitted in ASC 340-40-25-4, which permits an entity to recognize incremental costs to obtain a contract as an expense when incurred if the amortization period will be less than one year and not significant. Significant Financing Component - The Company has elected the practical expedient permitted in ASC 606-10-32-18, which allows an entity to not adjust the promised amount of consideration for the effects of a significant financing component if a contract has a duration of one year or less. As the Company’s contracts are typically less than one year in length, consideration will not be adjusted. The Company’s contracts include a standard payment term of 90 days to 180 days; consequently, there is no significant financing component within contracts.
Share-Based Compensation	Share-Based Compensation - Share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense with graded vesting on a straight–line basis over the requisite service period for the entire award. The Company has elected to recognize compensation expenses using the Black-Scholes valuation model estimated at the grant date based on the award’s fair value
Research and Development Expenses	Research and Development Expenses - Research and development expenses relating to improving development efficiency and the quality of the Company’s products and services, including s design of downhole automation platform systems and chemical products used for waste water treatment, are expensed as incurred.
Shipping and Handling Costs	Shipping and Handling Costs - Shipping and handling cost incurred to ship products to customers are included in selling and distribution expenses. Shipping and handling expenses were ¥1,170,358, ¥749,719 and ¥257,573 ($36,433) for the years ended June 30, 2018, 2019 and 2020, respectively.
Leases	Leases - Before July 1, 2019, the Company adopted ASC Topic 840 (“ASC 840”), Leases, and each lease is classified at the inception date as either a capital lease or an operating lease. The Company adopted ASC Topic 842, “Leases” on July 1, 2019 and used the alternative modified retrospective transition approach which permits the effects of adoption to be applied at the effective date. The new standard provides a number of optional practical expedients in transition. The Company elected the ‘package of practical expedients’, which permits the Company not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. The Company also elected the short-term lease exemption and combining the lease and non-lease components practical expedients. The most significant impact upon adoption relates to the recognition of new Right-of-use (“ROU”) assets and lease liabilities on the Company’s consolidated balance sheets for office space operating leases. As the implicit rate in lease is not readily determinable for the Company’s operating leases, the Company generally uses the incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
Investment Payable	Investment Payable – Investment payable is comprised of obligations due to the investee for the purchase of equity interest in the ordinary course of investment.
Income Taxes	Income Taxes - Provisions for income taxes are based on taxes payable or refundable for the current year and deferred taxes. Deferred taxes are provided on differences between the tax bases of assets and liabilities and their reported amounts in the financial statements, and tax carry forwards. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. The Company has not been subject to any income taxes in the United States or the Cayman Islands. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. The Company has no uncertain tax position as of June 30, 2019 and 2020. As of June 30, 2020, the tax years ended December 31, 2015 through December 31, 2019 for the Company’s People’s Republic of China (“PRC”) subsidiaries remain open for statutory examination by PRC tax authorities.
Loss per Share	Loss per Share - Loss Per Share (“EPS”) is computed by dividing net loss by the weighted average number of ordinary shares outstanding. Diluted EPS are computed by dividing net loss by the weighted-average number of ordinary shares and dilutive potential ordinary share equivalents outstanding. Potentially dilutive ordinary shares consist of ordinary shares issuable upon the conversion of ordinary stock options, restricted shares and warrants (using the treasury stock method). The effect from options, restricted shares and warrants would have been anti-dilutive due to the fact that the Company incurred a net loss for the years ended June 30, 2018, 2019 and 2020.
Warrants	Warrants -In connection of the issuance of common stocks, the Company may issue options or warrants to purchase common stock. Warrants classified as equity are initially recorded at fair value and subsequent changes in fair value are not recognized as long as the warrants continue to be classified as equity.
Reclassification	Reclassification - Advance from customers has been reclassified from other payables and reflected in its consolidated balance sheets and consolidated statements of cash flows as advance from customers. Contract assets have been reclassified from purchase advance and inventories and reflected in consolidated balance sheets and consolidated statements of cash flows as contract assets. These reclassifications have no effect on the results of operations previously reported.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement,” to improve the effectiveness of disclosures in the notes to financial statements related to recurring or nonrecurring fair value measurements by removing amounts and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels, and the valuation processes for Level 3 fair value measurements. The new standard requires disclosure of the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The amendments in this update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. In October 2018, the FASB issued ASU 2018-17, "Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities". The new standard changes how entities evaluate decision-making fees under the variable interest entity guidance. The new standard is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted in any interim period after issuance. The standard should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings at the beginning of the period of adoption. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes. The Board is issuing this Update as part of its initiative to reduce complexity in accounting standards (the Simplification Initiative). The objective of the Simplification Initiative is to identify, evaluate, and improve areas of GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The specific areas of potential simplification in this Update were submitted by stakeholders as part of the Simplification Initiative. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815 – 40)” (“ASU 2020-06”). ASU 2020-06 simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The ASU is part of the FASB’s simplification initiative, which aims to reduce unnecessary complexity in U.S. GAAP. The ASU’s amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The Company is currently evaluating the impact ASU 2020-06 will have on the Company’s consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the consolidated financial position, statements of operations and cash flows.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2020
SIGNIFICANT ACCOUNTING POLICIES
Schedule of estimated useful life	Items Useful life Motor vehicles 5-10 years Office equipment 2-5 years Production equipment 10-20 years
Summary of information about contract assets and contract liabilities from contracts with customers	The following table provides information about contract assets and contract liabilities from contracts with customers: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Contract assets ¥ 4,633,940 ¥ 31,537,586 $ 4,460,933 Contract liabilities ¥ 120,000 ¥ 3,486,033 $ 493,093

TRADE ACCOUNTS RECEIVABLE, NET

TRADE ACCOUNTS RECEIVABLE, NET (Tables)	12 Months Ended
	Jun. 30, 2020
TRADE ACCOUNTS RECEIVABLE, NET
Schedule of Accounts receivable	Accounts receivable, net consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Third Parties RMB RMB U.S. Dollars Trade accounts receivable ¥ 72,180,616 ¥ 53,752,527 $ 7,603,194 Allowance for doubtful accounts (3,645,334) (5,508,512) (779,168) Total third-parties, net ¥ 68,535,282 ¥ 48,244,015 $ 6,824,026 June 30, June 30, June 30, 2019 2020 2020 Related Party RMB RMB U.S. Dollars Urumqi Yikeli Automatic Control Equipment Co., Ltd. ¥ 3,409,912 ¥ 3,409,912 $ 482,326 Allowance for doubtful accounts — (340,992) (48,233) Total related-party, net ¥ 3,409,912 ¥ 3,068,920 $ 434,093
Schedule of Movement of allowance for doubtful accounts	Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Beginning balance ¥ 3,252,405 ¥ 3,645,334 $ 515,626 Charge to expense 392,929 2,204,170 311,775 Ending balance ¥ 3,645,334 ¥ 5,849,504 $ 827,401

OTHER RECEIVABLES, NET (Tables)

OTHER RECEIVABLES, NET (Tables)	12 Months Ended
	Jun. 30, 2020
OTHER RECEIVABLES, NET
Schedule of Other receivables	Other receivables, net consisted of the following: June 30, June 30, June 30, Third Party 2019 2020 2020 RMB RMB U.S. Dollars Business advances to officers and staffs (A) ¥ 1,013,971 ¥ 1,141,829 $ 161,510 Deposits for projects 1,400,892 1,381,081 195,351 VAT recoverable 3,803,556 3,746,435 529,926 Others 1,348,913 1,614,133 228,316 7,567,332 7,883,478 1,115,103 Less: Long term portion (B) (440,015) (3,640) (515) Allowance for doubtful accounts (1,461,724) (1,529,036) (216,279) Other receivable - current portion ¥ 5,665,593 ¥ 6,350,802 $ 898,309 (A) Business advances to officers and staffs represent advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance. (B) Long-term portion are mainly tender deposits for large-scale projects or rental contracts. These funds may not be collected back until projects are finished or contracts are completed.
Schedule of Movement of allowance for doubtful accounts	Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Beginning balance ¥ 901,930 ¥ 1,461,724 $ 206,757 Charge to expense 259,766 67,312 9,522 Add: reversal of bad debt allowance 300,028 — — Ending balance ¥ 1,461,724 ¥ 1,529,036 $ 216,279

LOANS TO THIRD PARTIES (Tables)

LOANS TO THIRD PARTIES (Tables)	12 Months Ended
	Jun. 30, 2020
LOANS TO THIRD PARTIES
Schedule of Accounts, Notes, Loans and Financing Receivable	June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Working fund to third party companies ¥ 4,960,000 ¥ 3,200,377 $ 452,687 Allowance for doubtful accounts — — — Total loans to third parties ¥ 4,960,000 ¥ 3,200,377 $ 452,687

PURCHASE ADVANCES, NET (Tables)

PURCHASE ADVANCES, NET (Tables)	12 Months Ended
	Jun. 30, 2020
PURCHASE ADVANCES, NET
Schedule of purchase advances	The Company purchased products and services from third parties during the normal course of business. Purchase advances, net consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Third Party RMB RMB U.S. Dollars Prepayment for others ¥ 1,592,076 ¥ 381,767 $ 54,000 Allowance for doubtful accounts (248,500) (203,000) (28,714) Total purchase advances, net ¥ 1,343,576 ¥ 178,767 $ 25,286
Schedule of movement of allowance for doubtful accounts	Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Beginning balance ¥ 452,632 ¥ 248,500 $ 35,150 Charge to (reversal of) expense 191,472 (45,500) (6,436) Less: write-off (395,604) — — Ending balance ¥ 248,500 ¥ 203,000 $ 28,714

INVENTORIES, NET (Tables)

INVENTORIES, NET (Tables)	12 Months Ended
	Jun. 30, 2020
INVENTORIES, NET
Schedule of inventories	Inventories, net consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Small component parts ¥ 57,060 ¥ 57,270 $ 8,101 Purchased goods and raw materials 226,868 310,393 43,905 Work in process and goods on site 533,924 133,132 18,831 Finished goods 452,671 1,484,928 210,040 Allowance for slow moving inventory — — — Total inventories, net ¥ 1,270,523 ¥ 1,985,723 $ 280,877
Schedule of movement of allowance for slow-moving inventories	Movement of allowance for slow-moving inventories is as follows: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Beginning balance ¥ 1,399,524 ¥ — $ — Charge to cost of sales 65,380 56,817 8,037 Less: Selling of slow-moving items (1,464,904) (56,817) (8,037) Ending balance ¥ — ¥ — $ —

CONTRACT ASSETS, NET (Tables)

CONTRACT ASSETS, NET (Tables)	12 Months Ended
	Jun. 30, 2020
CONTRACT ASSETS, NET
Summary of contract assets, net	Contract assets, net consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Third Party RMB RMB U.S. Dollars Contract assets ¥ 4,796,153 ¥ 31,677,348 $ 4,480,702 Impairment of contract assets (162,213) (139,762) (19,769) Total contract assets, net ¥ 4,633,940 ¥ 31,537,586 $ 4,460,933
Summary of movement of impairment of contract assets	Movement of impairment of contract assets is as follows: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Beginning balance ¥ 395,604 ¥ 162,213 $ 22,945 Reversal of expense (233,391) (22,451) (3,176) Ending balance ¥ 162,213 ¥ 139,762 $ 19,769

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Jun. 30, 2020
PROPERTY AND EQUIPMENT, NET
Schedule of Property and equipment	June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Motor vehicles ¥ 4,923,152 ¥ 4,741,366 $ 670,657 Office equipment and fixtures 1,350,235 1,436,210 203,149 Production equipment 2,580,628 30,181,761 4,269,154 Total property and equipment 8,854,015 36,359,337 5,142,960 Less: Accumulated depreciation (5,192,694) (6,602,458) (933,905) Property and equipment, net ¥ 3,661,321 ¥ 29,756,879 $ 4,209,055 Construction in progress ¥ 21,524,994 ¥ — $ —

LAND USE RIGHTS (Tables)

LAND USE RIGHTS (Tables)	12 Months Ended
	Jun. 30, 2020
LAND USE RIGHTS
Schedule of Land use rights consisted	Land use rights consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Land use rights ¥ 1,361,969 ¥ 1,361,969 $ 192,648 Less: accumulated amortization (54,082) (81,321) (11,503) Land use rights, net ¥ 1,307,887 ¥ 1,280,648 $ 181,145
Schedule of estimated future amortization expenses	The estimated future amortization expenses are as follows: Twelve months ending June 30, RMB U.S. Dollars 2021 ¥ 27,239 $ 3,853 2022 27,239 3,853 2023 27,239 3,853 2024 27,239 3,853 2025 27,239 3,853 Thereafter 1,144,453 161,880 Total ¥ 1,280,648 $ 181,145

INVESTMENT IN UNCONSOLIDATED _2

INVESTMENT IN UNCONSOLIDATED ENTITY (Tables)	12 Months Ended
	Jun. 30, 2020
INVESTMENT IN UNCONSOLIDATED ENTITY
Schedule of investment in unconsolidated entity	Investment in unconsolidated entity consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Future Gas Station (Beijing) Technology, Ltd ¥ 31,078,971 ¥ 31,541,850 $ 4,461,536

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Jun. 30, 2020
LEASES
Summary of operating lease related assets and liabilities recorded on the balance sheets	June 30, 2020 RMB U.S. Dollars Rights of use lease assets ¥ 2,549,914 $ 360,681 — — Operating lease liabilities – current 1,328,976 187,981 Operating lease liabilities – non-current 1,210,088 171,165 Total operating lease liabilities ¥ 2,539,064 $ 359,146
Summary of weighted average remaining lease terms and discount rates for all of operating leases	June 30, 2020 Remaining lease term and discount rate: Weighted average remaining lease term (years) 2.57 Weighted average discount rate 5 %
Summary of maturities of lease liabilities	Twelve months ending June 30, RMB U.S. Dollars 2021 ¥ 1,423,402 $ 201,338 2022 970,850 137,325 2023 300,000 42,434 Total lease payments 2,694,252 381,097 Less: imputed interest (144,338) (20,416) Less: prepayments (10,850) (1,535) Present value of lease liabilities 2,539,064 359,146 Less: operating lease liabilities – current (1,328,976) (187,981) Operating lease liabilities – non-current ¥ 1,210,088 $ 171,165

OTHER PAYABLES (Tables)

OTHER PAYABLES (Tables)	12 Months Ended
	Jun. 30, 2020
OTHER PAYABLES
Schedule Of Other Payables Third Party	Other payables consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Third Parties RMB RMB U.S. Dollars Service ¥ 1,341,617 ¥ 1,685,449 $ 238,404 Distributors and employees 219,095 273,968 38,752 Accrued expenses 393,274 402,699 56,961 Others 292,424 247,370 34,990 Total ¥ 2,246,410 ¥ 2,609,486 $ 369,107
Schedule Of Other Payables Related Party	June 30, June 30, June 30, 2019 2020 2020 Related Parties RMB RMB U.S. Dollars Expenses paid by the major shareholders ¥ 2,029,908 ¥ 3,752,353 $ 530,764 Due to family member of the owner of BHD — 485,000 68,602 Due to management staff for costs incurred on behalf of the Company 260,965 260,965 36,913 Total ¥ 2,290,873 ¥ 4,498,318 $ 636,279

TAXES PAYABLE (Tables)

TAXES PAYABLE (Tables)	12 Months Ended
	Jun. 30, 2020
TAXES PAYABLE
Schedule of taxes payable	Taxes payable consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars VAT payable ¥ 1,732,736 ¥ 660,278 $ 93,395 Income tax payable 440,031 440,030 62,241 Other taxes payable 8,080 7,980 1,129 Total taxes payable ¥ 2,180,847 ¥ 1,108,288 $ 156,765

SHORT-TERM BANK LOANS (Tables)

SHORT-TERM BANK LOANS (Tables)	12 Months Ended
	Jun. 30, 2020
SHORT-TERM BANK LOANS
Schedule of Short-term Bank Loans	Short-term bank loans consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Bank of Nanjing (1) ¥ 2,500,000 ¥ 2,500,000 $ 353,620 Beijing Rural Commercial Bank (2) — 6,000,000 848,689 Industrial and Commercial Bank of China (3) — 1,020,000 144,277 Total short-term bank loans ¥ 2,500,000 ¥ 9,520,000 $ 1,346,586 (1) On June 12, 2019, the Company entered into a loan agreement with Bank of Nanjing to borrow ¥2,500,000 as working capital for one year, with maturity date of June 10, 2020. The loan bears a fixed interest rate of 5.655% per annum. The loan was subsequently repaid in full upon maturity. On June 1, 2020, the Company entered into another loan agreement with Bank of Nanjing to borrow ¥2,500,000 ($353,620) as working capital for one year, with maturity date of May 21, 2021. The loan bears a fixed interest rate of 4.35% per annum. The loans are guaranteed by one of the founders of the Company. (2) On April 23, 2020, the Company entered into a loan agreement with Beijing Rural Commercial Bank to borrow ¥6,000,000 ($848,689) as working capital for one year. The Company made the withdraw in an amount of ¥6,000,000 ($848,689) on April 30, 2020, which will be due on April 29, 2021. The loan bears a fixed interest rate of 5.655% per annum. The loan is guaranteed by one of the founders of the Company and he also pledged self-owned housing property with carrying value of approximately RMB 15.6 million ($2,207,440) as collateral for this loan. (3) On May 22, 2020, the Company entered into a loan agreement with Industrial and Commercial Bank of China to borrow ¥1,020,000 ($144,277) as working capital for six months, with maturity date of November 18, 2020. The loan bears a fixed interest rate of 4.45% per annum.

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Jun. 30, 2020
Short-term Debt [Line Items]
Schedule of short-term borrowings	Short-term borrowings due to third parties consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Short-term borrowings due to third parties: RMB RMB U.S. Dollars Short-term borrowing, 10% annual interest, due on September 8, 2019* ¥ 1,081,096 ¥ — $ — Short-term borrowing, 15% annual interest, due on June 23, 2021 200,000 28,290 Total short-term borrowings due to third party ¥ 1,081,096 ¥ 200,000 $ 28,290
Related Party [Member]
Short-term Debt [Line Items]
Schedule of short-term borrowings	Short-term borrowings due to related parties consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Short-term borrowings due to related parties: RMB RMB U.S. Dollars Short-term borrowing from a Founder, 5.65% annual interest, due on December 19, 2019 * ¥ 5,008,640 ¥ — $ — Short-term borrowing from a Founder, 5.65% annual interest, due on March 27, 2020* 4,001,885 — — Short-term borrowing from a Founder, 5.65% annual interest, due on December 19, 2020 — 5,008,640 708,463 Short-term borrowing from a Founder, 4.55% annual interest, due on March 25, 2021 — 4,002,106 566,090 Short-term borrowing from a Founder, interest-free, due on September 24, 2020* — 450,000 63,652 Short-term borrowing from a Founder's family member, interest-free, due on December 31, 2020** — 770,000 108,915 Total short-term borrowings due to related parties ¥ 9,010,525 ¥ 10,230,746 $ 1,447,120 * The Company repaid the loans in full on maturity date. ** During the year ended June 30, 2020, the Company entered into a series of loan agreements with a Founder and a Founder's family member for a total amount of ¥8,415,000 ($1,190,287) as working capital for six months to one year. All loans are non-interest bearing and can be repaid before their maturity dates. By June 30, 2020, the Company has repaid a total of ¥7,195,000 ($1,017,720) and the remaining balance of ¥1,220,000 ($172,567) is outstanding as of June 30, 2020.

LONG-TERM BORROWINGS DUE TO R_2

LONG-TERM BORROWINGS DUE TO RELATED PARTY (Tables)	12 Months Ended
	Jun. 30, 2020
LONG-TERM BORROWINGS DUE TO RELATED PARTY
Schedule of Long-term borrowings due to related party	Long-term borrowings due to related party consisted of the following: June 30, June 30, June 30, 2019 2020 2020 Long-term borrowings due to related party: RMB RMB U.S. Dollars Long-term borrowing from a Founder, monthly payments of ¥126,135 inclusive of interest at 8.90%, ten years loan, due in November 2027. ¥ 8,977,001 ¥ 8,226,599 $ 1,163,638 Less: current portion (780,797) (847,346) (119,856) Total long-term borrowings due to related party ¥ 8,196,204 ¥ 7,379,253 $ 1,043,782 No long-term borrowings due to related party were guaranteed or collateralized at June 30, 2019 and 2020.
Schedule of future maturities of long-term borrowings due to related party	The future maturities of long-term borrowings due to related party at June 30, 2020 are as follows: Twelve months ending June 30, RMB U.S. Dollars 2021 ¥ 847,346 $ 119,856 2022 892,701 126,271 2023 975,474 137,979 2024 1,065,921 150,773 2025 1,164,755 164,752 Thereafter 3,280,402 464,007 Total ¥ 8,226,599 $ 1,163,638

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Jun. 30, 2020
STOCK-BASED COMPENSATION
Schedule of stock options activity	The following is a summary of the stock options activity: Weighted Average Exercise Price Stock Options Shares Per Share Outstanding as of June 30, 2018 163,120 $ 15.20 Granted — — Forfeited — — Exercised — — Outstanding as of June 30, 2019 163,120 $ 15.20 Granted — — Forfeited — — Exercised — — Expired 53,600 25.75 Outstanding as of June 30, 2020 109,520 $ 10.02
Schedule of options outstanding and exercisable	The following is a summary of the status of options outstanding and exercisable at June 30, 2020: Outstanding Options Exercisable Options Average Average Remaining Remaining Average Exercise Contractual Average Exercise Contractual Price Number life (Years) Price Number life (Years) $ 14.80 29,520 1.74 $ 14.80 29,520 1.74 $ 8.25 80,000 4.59 $ 8.25 80,000 4.59 109,520
Schedule of restricted shares granted	Following is a summary of the restricted shares granted: Restricted stock grants Shares Non-vested as of June 30, 2018 808,400 Granted 396,200 Vested (382,956) Non-vested as of June 30, 2019 821,644 Granted — Vested (500,844) Non-vested as of June 30, 2020 320,800
Schedule of Outstanding Restricted Shares	The following is a summary of the status of restricted stock at June 30, 2020: Outstanding Restricted Shares Average Remaining Fair Value per Amortization Share Number Period (Years) $ 5.11 60,000 0.29 $ 6.45 260,800 1.14 320,800

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Jun. 30, 2020
INCOME TAX
Schedule of loss before provision for income taxes	Loss before provision for income taxes consisted of: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Outside China areas ¥ (28,447,953) ¥ (10,160,525) $ (1,437,190) China 3,064,024 (9,679,757) (1,369,184) Total ¥ (25,383,929) ¥ (19,840,282) $ (2,806,374)
Schedule of deferred tax asset, net	Deferred tax asset, net is composed of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Deferred tax assets: Allowance for doubtful receivables ¥ 832,515 ¥ 1,180,160 $ 166,932 Impairment loss from investment in unconsolidated entity 605,660 605,660 85,669 Net operating loss carryforwards 7,456,198 10,441,633 1,476,950 Less: Valuation allowance (8,894,373) (12,162,660) (1,720,386) Total deferred tax assets ¥ — ¥ 64,793 $ 9,165 Deferred tax Liability: Accelerated amortization of intangible assets ¥ — ¥ (64,793) $ (9,165) Total deferred tax liability ¥ — ¥ (64,793) (9,165) Deferred tax assets, net ¥ — ¥ — $ —
Schedule of reconciliation of income tax expense	Following is a reconciliation of income tax expense at the effective rate to income tax at the calculated statutory rates: For the years ended June 30, 2018 2019 2020 2020 RMB RMB RMB U.S. Dollars Income tax benefits calculated at PRC statutory rates ¥ (5,679,505) ¥ (6,318,111) ¥ (4,960,454) $ (701,646) Nondeductible expenses and others (65,427) (56,127) 232,213 32,846 Effect of tax rate differential 2,009,486 6,378,169 2,008,824 284,144 Benefit of revenue exempted from enterprise income tax (55,748) (279,352) (266,548) (37,703) Change in valuation allowances 3,869,157 673,898 3,268,287 462,293 Tax refund (61,733) — — — Provision for income tax ¥ 16,230 ¥ 398,477 ¥ 282,322 $ 39,934
Schedule of company's income tax expense	The Company’s income tax expense is comprised of the following: For the years ended June 30, 2018 2019 2020 2020 RMB RMB RMB U.S. Dollars Current income tax provision ¥ 16,230 ¥ 398,477 ¥ 282,322 $ 39,934 Expense for income tax ¥ 16,230 ¥ 398,477 ¥ 282,322 $ 39,934

NON-CONTROLLING INTEREST (Table

NON-CONTROLLING INTEREST (Tables)	12 Months Ended
	Jun. 30, 2020
NON-CONTROLLING INTEREST
Schedule of non-controlling interest	Non-controlling interest consisted of the following: As of June 30, 2019 Nanjing Gan Su Qinghai BHD Recon BHD BHD Total Total RMB RMB RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 4,350,000 ¥ — ¥ 6,201,000 $ 903,040 Unappropriated retained earnings 3,477,493 3,616,002 (1,351,699) (826,664) 4,915,132 715,783 Accumulated other comprehensive loss (18,850) (11,853) — — (30,703) (4,471) Total non-controlling interests ¥ 5,109,643 ¥ 3,804,149 ¥ 2,998,301 ¥ (826,664) ¥ 11,085,429 $ 1,614,352 As of June 30, 2020 Nanjing Gan Su Qinghai BHD Recon BHD BHD Total Total RMB RMB RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 4,755,000 ¥ — ¥ 6,606,000 $ 934,406 Unappropriated retained earnings 3,477,493 3,616,002 (2,100,871) (953,395) 4,039,229 571,342 Accumulated other comprehensive loss (18,850) (11,853) — - (30,703) (4,343) Total non-controlling interests ¥ 5,109,643 ¥ 3,804,149 ¥ 2,654,129 ¥ (953,395) ¥ 10,614,526 $ 1,501,405

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	12 Months Ended
	Jun. 30, 2020
RELATED PARTY TRANSACTIONS AND BALANCES
Schedule of Sales to related party	Sales to related party – sales to related party consisted of the following: For the years ended June 30, 2018 2019 2020 2020 RMB RMB RMB U.S. Dollars Urumqi Yikeli Automatic Control Equipment Co., Ltd. ¥ 577,009 ¥ 3,726,894 ¥ — $ — Total revenues from related party ¥ 577,009 ¥ 3,726,894 ¥ — $ — Prepaid expenses - related parties - prepaid expenses - related parties consisted of the following: June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Founders ¥ 132,600 ¥ — ¥ — Founders' family member 85,000 — — Total prepaid expenses - related parties ¥ 217,600 ¥ — $ —
Schedule of leases from related parties	The details of leases from related parties are as below: Monthly Rent Monthly Rent Lessee Lessor Rent Period RMB USD Nanjing Recon One of the Founders April 1, 2020 - March 31, 2022 ¥ 40,000 $ 5,658 BHD One of the Founders Jan 1, 2020- Dec 31, 2020 22,500 3,183 BHD Founders' family member Jan 1, 2020- Dec 31, 2020 47,500 6,719 Recon-BJ One of the Founders July 1, 2020-Jun 1 ,2021 10,000 1,414

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
	Jun. 30, 2020
VARIABLE INTEREST ENTITIES
Schedule of information regarding consolidated VIEs	Summary information regarding consolidated VIEs is as follows: June 30, 2019 June 30, 2020 June 30, 2020 RMB RMB U.S. Dollars ASSETS Current Assets Cash ¥ 444,763 ¥ 6,388,098 $ 903,585 Notes receivable 3,073,680 4,180,885 591,378 Trade accounts receivable, net 68,535,282 44,031,079 6,228,114 Trade accounts receivable- related party, net 3,409,912 3,068,920 434,093 Inventories, net 1,270,523 1,985,723 280,877 Other receivables, net 5,496,813 6,342,009 897,065 Loans to third parties 4,960,000 3,200,377 452,687 Purchase advances, net 1,343,576 75,195 10,636 Contract assets, net 4,633,940 31,537,586 4,460,933 Prepaid expenses — 42,294 5,982 Prepaid expenses - related parties 217,600 — — Total current assets 93,386,089 100,852,166 14,265,350 Property and equipment, net 3,661,321 29,756,879 4,209,055 Construction in progress 21,524,994 — — Land use right, net 1,307,887 1,280,648 181,145 Investment in unconsolidated entity 4,000,000 4,000,000 565,793 Long-term other receivables, net 440,015 3,640 515 Prepayments for construction in progress 1,144,098 — — Right of use assets — 2,549,914 360,681 Total Assets ¥ 125,464,404 ¥ 138,443,247 $ 19,582,539 LIABILITIES Short-term bank loan ¥ 2,500,000 ¥ 9,520,000 $ 1,346,586 Trade accounts payable 14,089,293 18,903,080 2,673,805 Other payables 946,941 1,115,209 157,744 Other payable- related parties 1,532,662 3,113,460 440,393 Advance from customers 120,000 3,486,033 493,093 Accrued payroll and employees' welfare 988,785 850,841 120,350 Taxes payable 2,180,805 1,108,265 156,762 Short-term borrowings 1,081,096 200,000 28,290 Short-term borrowings - related parties 9,010,525 10,230,746 1,447,120 Long-term borrowings - related party - current portion 780,797 847,346 119,856 Operating lease liabilities - current — 1,328,976 187,981 Total current liabilities 33,230,904 50,703,956 7,171,980 　 　 Operating lease liabilities - non-current — 1,210,088 171,165 Long-term borrowings - related party 8,196,204 7,379,253 1,043,782 Total Liabilities ¥ 41,427,108 ¥ 59,293,297 $ 8,386,927

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Jun. 30, 2020
SEGMENT REPORTING
Schedule of segment reporting information	The following tables present summary information by segment for the years ended June 30, 2018, 2019 and 2020, respectively: For the year ended June 30, 2018 2019 2020 2020 RMB RMB RMB U.S. Dollars Automation product and software ¥ 18,989,924 ¥ 63,577,177 ¥ 51,413,830 $ 7,272,390 Equipment and accessories 63,960,425 23,951,132 14,222,623 2,011,764 Oilfield environmental protection 1,761,697 14,856,018 124,198 17,568 Total revenue ¥ 84,712,046 ¥ 102,384,327 ¥ 65,760,651 $ 9,301,722 For the year ended June 30, 2020 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 51,413,830 ¥ 14,222,623 ¥ 124,198 ¥ 65,760,651 Cost of revenue and related tax 38,257,914 7,683,662 212,679 46,154,255 Gross profit ¥ 13,155,916 ¥ 6,538,961 ¥ (88,481) ¥ 19,606,396 Depreciation and amortization ¥ 98,756 ¥ 683,522 ¥ 827,422 ¥ 1,609,700 Total capital expenditures ¥ 85,975 ¥ — ¥ 3,782,911 ¥ 3,868,886 Timing of revenue recognition Goods transferred at a point in time ¥ 10,871,301 ¥ 14,222,623 ¥ — ¥ 25,093,924 Services rendered over time 40,542,529 — 124,198 40,666,727 Total revenue ¥ 51,413,830 ¥ 14,222,623 ¥ 124,198 ¥ 65,760,651 For the year ended June 30, 2019 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 63,577,177 ¥ 23,951,132 ¥ 14,856,018 ¥ 102,384,327 Cost of revenue and related tax 49,356,155 15,039,628 8,123,180 72,518,963 Gross profit ¥ 14,221,022 ¥ 8,911,504 ¥ 6,732,838 ¥ 29,865,364 Depreciation and amortization ¥ 78,760 ¥ 1,018,012 ¥ 27,239 ¥ 1,124,011 Total capital expenditures ¥ 162,060 ¥ 1,573,896 ¥ 4,606,823 ¥ 6,342,779 Timing of revenue recognition Goods transferred at a point in time ¥ 24,514,246 ¥ 23,951,132 ¥ — ¥ 48,465,378 Services rendered over time 39,062,931 — 14,856,018 53,918,949 Total revenue ¥ 63,577,177 ¥ 23,951,132 ¥ 14,856,018 ¥ 102,384,327 For the year ended June 30, 2018 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 18,989,924 ¥ 63,960,425 ¥ 1,761,697 ¥ 84,712,046 Cost of revenue and related tax 17,036,393 62,115,400 1,410,068 80,561,861 Gross profit ¥ 1,953,531 ¥ 1,845,025 ¥ 351,629 ¥ 4,150,185 Depreciation and amortization ¥ 48,127 ¥ 1,044,079 ¥ 26,843 ¥ 1,119,049 Total capital expenditures ¥ 100,327 ¥ 1,403,083 ¥ 10,519,072 ¥ 12,022,482 Timing of revenue recognition Goods transferred at a point in time ¥ 2,993,596 ¥ 63,960,425 ¥ — ¥ 66,954,021 Services transferred over time 15,996,328 — 1,761,697 17,758,025 Total revenue ¥ 18,989,924 ¥ 63,960,425 ¥ 1,761,697 ¥ 84,712,046 June 30, June 30, June 30, 2019 2020 2020 RMB RMB U.S. Dollars Total assets: Automation product and software ¥ 71,337,589 ¥ 81,743,307 $ 11,562,437 Equipment and accessories 50,800,483 61,578,632 8,710,183 Oilfield environmental protection 34,843,482 51,092,865 7,226,991 Total Assets ¥ 156,981,554 ¥ 194,414,804 $ 27,499,611

ORGANIZATION AND NATURE OF OP_2

ORGANIZATION AND NATURE OF OPERATIONS (Details)	1 Months Ended	12 Months Ended
	Oct. 23, 2018	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)
Variable Interest Entity, Terms of Arrangements		the Company is able to absorb 90% of net interest or 100% of net loss of those VIEs.
Beijing Bhd Petroleum Technology Co Ltd [Member]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage		51.00%
Paid In Capital | $		$ 200,000
Remaining Paid In Capital		4,710,223	¥ 33,300,000
Gan Su BHD Environmental Technology Co., Ltd [Member]
Capital			50,000,000
Paid In Capital		$ 2,932,927	20,735,000
Qing Hai BHD New Energy Technology Co Ltd [Member]
Capital			50,000,000
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	55.00%	75.00%
Paid In Capital		$ 594,082	4,200,000
Equity Method Investment, Ownership Percentage	10.00%
Individuals [Member]
Remaining Paid In Capital		$ 1,768,102	¥ 12,500,000

LIQUIDITY (Details)

LIQUIDITY (Details) ¥ in Millions, $ in Millions	Jun. 26, 2020USD ($)	May 21, 2020USD ($)	Aug. 31, 2019item	Sep. 30, 2020USD ($)	Sep. 30, 2020CNY (¥)
LIQUIDITY
Proceeds from Sale and Collection of Receivables				$ 4	¥ 28.2
Number Of Shareholders in Commitment | item			2
Years Of Commitments Letter			3 years
Proceeds from stock purchase agreement | $	$ 2.1	$ 2.1

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2020CNY (¥)	Aug. 21, 2018
Accounting Policies [Line Items]
Foreign Currency Transactions, Description	The translation has been made at the rate of ¥7.0697 = US$1.00, the approximate exchange rate prevailing on June 30, 2020.	The translation has been made at the rate of ¥7.0697 = US$1.00, the approximate exchange rate prevailing on June 30, 2020.
Selling and Marketing Expense	$ 624,835	¥ 4,417,413	¥ 9,076,266	¥ 8,013,353
Equity Securities, FV-NI, Realized Gain (Loss)				(4,037,736)
Investment loss			959,905	4,037,736
Investment income	(65,473)	¥ 462,879
Contract assets and contract liabilities from contracts with customers
Contract assets	4,460,933		4,633,940		¥ 31,537,586
Contract liabilities	$ 493,093		120,000		¥ 3,486,033
Use Rights [Member]
Accounting Policies [Line Items]
Finite-Lived Intangible Asset, Useful Life	50 years	50 years
Shipping and Handling [Member]
Accounting Policies [Line Items]
Selling and Marketing Expense	$ 36,433	¥ 257,573	¥ 749,719	¥ 1,170,358
Minimum
Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage	20.00%				20.00%	8.00%
Maximum
Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage	50.00%				50.00%	43.00%
Motor vehicles [Member] | Minimum
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years	5 years
Motor vehicles [Member] | Maximum
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years	10 years
Office Equipment [Member] | Minimum
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	2 years	2 years
Office Equipment [Member] | Maximum
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years	5 years
Leasehold Improvements [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	shorter of the lease term or the estimated useful life	shorter of the lease term or the estimated useful life
Production equipment [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years	10 years
Production equipment [Member] | Maximum
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	20 years	20 years

TRADE ACCOUNTS RECEIVABLE, NE_2

TRADE ACCOUNTS RECEIVABLE, NET - Summary of Accounts receivable (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Third Party
Total third-parties, net	$ 6,824,026	¥ 48,244,015	¥ 68,535,282
Related Party
Allowance for doubtful accounts	(48,233)	(340,992)	0
Total related-party, net	434,093	3,068,920	3,409,912
Third Party [Member]
Third Party
Trade accounts receivable	7,603,194	53,752,527	72,180,616
Allowance for doubtful accounts	(779,168)	(5,508,512)	(3,645,334)
Urumqi Yikeli Automatic Control Equipment Co., Ltd [Member]
Related Party
Total related-party, net	$ 482,326	¥ 3,409,912	¥ 3,409,912

TRADE ACCOUNTS RECEIVABLE, NE_3

TRADE ACCOUNTS RECEIVABLE, NET - Summary of Movement of allowance for doubtful accounts (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge to expense	$ 311,685	¥ 2,203,531	¥ 610,776	¥ (841,242)
Third Party [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	515,626	3,645,334	3,252,405
Charge to expense	311,775	2,204,170	392,929
Ending balance	$ 827,401	¥ 5,849,504	¥ 3,645,334	¥ 3,252,405

TRADE ACCOUNTS RECEIVABLE, NE_4

TRADE ACCOUNTS RECEIVABLE, NET - Additional Information (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Doubtful Accounts	$ 311,685	¥ 2,203,531		¥ 610,776	¥ (841,242)
Third Party [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Doubtful Accounts	$ 311,775	2,204,170		392,929
Charge to reversal					¥ 1,013,100
Urumqi Yikeli Automatic Control Equipment Co., Ltd [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Doubtful Accounts		¥ 340,992	$ 48,233	¥ 0

NOTES RECEIVABLE (Details)

NOTES RECEIVABLE (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
NOTES RECEIVABLE
Notes receivable	$ 591,378	¥ 4,180,885	¥ 3,073,680

OTHER RECEIVABLES, NET - Summar

OTHER RECEIVABLES, NET - Summary of Other receivables (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Current Portion
Other receivable - current portion	$ 898,309	¥ 6,350,802		¥ 5,665,593
Third Party [Member]
Current Portion
Business advances to officers and staffs (A)	161,510	1,141,829		1,013,971
Deposits for projects	195,351	1,381,081		1,400,892
VAT recoverable	529,926	3,746,435		3,803,556
Others	228,316	1,614,133		1,348,913
Other Receivables	1,115,103	7,883,478		7,567,332
Less: Long term portion (B)	(515)	(3,640)		(440,015)
Allowance for doubtful accounts	(216,279)	(1,529,036)	$ (206,757)	(1,461,724)	¥ (901,930)
Other receivable - current portion	$ 898,309	¥ 6,350,802		¥ 5,665,593

OTHER RECEIVABLES, NET - Summ_2

OTHER RECEIVABLES, NET - Summary of Movement of allowance for doubtful accounts (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Other Receivables [Line Items]
Charge to expense	$ 9,522	¥ 67,312	¥ 259,766	¥ 109,302
Third Party [Member]
Other Receivables [Line Items]
Beginning balance	206,757	1,461,724	901,930
Charge to expense	9,522	67,312	259,766
Add: reversal of bad debt allowance			300,028
Ending balance	$ 216,279	¥ 1,529,036	¥ 1,461,724	¥ 901,930

OTHER RECEIVABLES, NET - Additi

OTHER RECEIVABLES, NET - Additional Information (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
OTHER RECEIVABLES, NET
Provision for doubtful accounts of other receivables	$ 9,522	¥ 67,312	¥ 259,766	¥ 109,302

LOANS TO THIRD PARTIES (Details

LOANS TO THIRD PARTIES (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
LOANS TO THIRD PARTIES
Working fund to third party companies	$ 452,687	¥ 3,200,377	¥ 4,960,000
Allowance for doubtful accounts	0	0	0
Total loans to third parties	$ 452,687	¥ 3,200,377	¥ 4,960,000

LOANS TO THIRD PARTIES - Additi

LOANS TO THIRD PARTIES - Additional Information (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
LOANS TO THIRD PARTIES
Proceeds from Collection of Loans Receivable	$ 888,241	¥ 6,279,623	$ 1,340,928	¥ 9,480,000
Payments to Acquire Loans Receivable	$ 1,340,928	¥ 9,480,000		¥ 4,000,000	¥ 1,960,000

PURCHASE ADVANCES, NET (Details

PURCHASE ADVANCES, NET (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Purchase Advances [Line Items]
Total purchase advances, net	$ 25,286	¥ 178,767	¥ 1,343,576
Third Party [Member]
Purchase Advances [Line Items]
Prepayment for others	54,000	381,767	1,592,076
Allowance for doubtful accounts	(28,714)	(203,000)	(248,500)
Total purchase advances, net	$ 25,286	¥ 178,767	¥ 1,343,576

PURCHASE ADVANCES, NET - Moveme

PURCHASE ADVANCES, NET - Movement of allowance for doubtful accounts (Details) - Third Party [Member]	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Beginning balance	$ 35,150	¥ 248,500	¥ 452,632
Charge to (reversal of) expense	(6,436)	(45,500)	191,472
Less: write-off			(395,604)
Ending balance	$ 28,714	¥ 203,000	¥ 248,500

PURCHASE ADVANCES, NET - Additi

PURCHASE ADVANCES, NET - Additional Information (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
PURCHASE ADVANCES, NET
Provision For Advances on Purchases	$ 6,436	¥ 45,500	¥ 191,472	¥ 62,556

INVENTORIES, NET - Inventories

INVENTORIES, NET - Inventories (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
INVENTORIES, NET
Small component parts	$ 8,101	¥ 57,270	¥ 57,060
Purchased goods and raw materials	43,905	310,393	226,868
Work in process and goods on site	18,831	133,132	533,924
Finished goods	210,040	1,484,928	452,671
Allowance for slow moving inventory	0	0	0	¥ (1,399,524)
Total inventories, net	$ 280,877	¥ 1,985,723	¥ 1,270,523

INVENTORIES, NET - Movement of

INVENTORIES, NET - Movement of allowance for slow-moving inventories (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
INVENTORIES, NET
Beginning balance		¥ 0	¥ 1,399,524
Charge to cost of sales	$ 8,037	56,817	65,380
Less: Selling of slow-moving items	(8,037)	(56,817)	(1,464,904)
Ending balance	$ 0	¥ 0	¥ 0

INVENTORIES, NET - Additional I

INVENTORIES, NET - Additional Information (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
INVENTORIES, NET
Provision For Inventories	$ 8,037	¥ 56,817	¥ 65,380	¥ 65,245

CONTRACT ASSETS, NET (Details)

CONTRACT ASSETS, NET (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)
CONTRACT ASSETS, NET
Contract assets	$ 4,480,702				¥ 31,677,348		¥ 4,796,153
Impairment of contract assets	(19,769)			¥ (395,604)	(139,762)	$ (22,945)	(162,213)
Total contract assets, net	4,460,933				¥ 31,537,586		¥ 4,633,940
Net recovery of impairment of contract asset	$ 3,176	¥ 22,451	¥ 233,391	¥ 56,072

CONTRACT ASSETS, NET - Movement

CONTRACT ASSETS, NET - Movement of impairment of contract assets (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
CONTRACT ASSETS, NET
Beginning balance	$ 22,945	¥ 162,213	¥ 395,604
Reversal of expense	(3,176)	(22,451)	(233,391)
Ending balance	$ 19,769	¥ 139,762	¥ 162,213

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 5,142,960	¥ 36,359,337	¥ 8,854,015
Less: Accumulated depreciation	(933,905)	(6,602,458)	(5,192,694)
Property and equipment, net	4,209,055	29,756,879	3,661,321
Construction in progress	3,800,000	27,200,000	21,524,994
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	670,657	4,741,366	4,923,152
Office equipment and fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	203,149	1,436,210	1,350,235
Production equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 4,269,154	¥ 30,181,761	¥ 2,580,628

PROPERTY AND EQUIPMENT, NET - A

PROPERTY AND EQUIPMENT, NET - Additional Information (Details)	Aug. 04, 2017USD ($)	Aug. 04, 2017CNY (¥)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2020CNY (¥)
PROPERTY AND EQUIPMENT, NET
Payments To Acquire Land Use Right	$ 192,648	¥ 1,361,969			¥ 0	¥ 1,361,969
Construction in Progress, Gross			$ 3,800,000		21,524,994		¥ 27,200,000
Depreciation			223,836	¥ 1,582,461	1,096,772	1,092,206
Gain (Loss) on Disposition of Property Plant Equipment			$ 12,611	¥ 89,156	¥ 0	¥ 78,285

LAND USE RIGHTS (Details)

LAND USE RIGHTS (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
LAND USE RIGHTS
Land use rights	$ 192,648	¥ 1,361,969	¥ 1,361,969
Less: accumulated amortization	(11,503)	(81,321)	(54,082)
Land use rights, net	$ 181,145	¥ 1,280,648	¥ 1,307,887

LAND USE RIGHTS - Estimated fut

LAND USE RIGHTS - Estimated future amortization expenses (Details) - Jun. 30, 2020 - Use Rights [Member]	USD ($)	CNY (¥)
Finite-Lived Intangible Assets [Line Items]
2021	$ 3,853	¥ 27,239
2022	3,853	27,239
2023	3,853	27,239
2024	3,853	27,239
2025	3,853	27,239
Thereafter	161,880	1,144,453
Total	$ 181,145	¥ 1,280,648

LAND USE RIGHTS - Additional In

LAND USE RIGHTS - Additional Information (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Use Rights [Member]
Amortization of Intangible Assets	$ 3,853	¥ 27,239	¥ 27,239	¥ 26,843

INVESTMENT IN UNCONSOLIDATED _3

INVESTMENT IN UNCONSOLIDATED ENTITY (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Investments in and Advances to Affiliates [Line Items]
Total	$ 4,461,536	¥ 31,541,850	¥ 31,078,971
Future Gas Station (Beijing) Technology, Ltd [Member]
Investments in and Advances to Affiliates [Line Items]
Total	$ 4,461,536	¥ 31,541,850	¥ 31,078,971

INVESTMENT IN UNCONSOLIDATED _4

INVESTMENT IN UNCONSOLIDATED ENTITY - Additional Information (Details)	Aug. 21, 2018shares	Aug. 21, 2018CNY (¥)shares	Jun. 30, 2020USD ($)item	Jun. 30, 2020CNY (¥)item	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2020CNY (¥)
Payments to Acquire Businesses and Interest in Affiliates					¥ 4,205,080	¥ 4,037,736
Impairment loss of investment in unconsolidated entity						4,037,736
Cost Method Investment Ownership Percentage	43.00%	43.00%	43.00%				43.00%
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures | shares	487,057	487,057
Payments to Acquire Equity Method Investments				¥ 8,000,000
Income (Loss) from Equity Method Investments			$ 65,473	462,879	(959,905)	¥ 0
Investment Payable			905,268		¥ 6,400,000		¥ 6,400,000
Future Gas Station (Beijing) Technology, Ltd [Member]
Payments to Acquire Businesses and Interest in Affiliates			$ 5,032,666	¥ 35,579,586
Payments to Acquire Additional Interest in Subsidiaries		¥ 10,000,000
Equity Method Investment, Additional Information			As consideration for increasing its affiliates' interest in FGS from 8% to 43%, the Company will (1) pay a total of RMB 10 million in cash to FGS and (2) issue 487,057 restricted ordinary shares of the Company (the "Restricted Shares") to the other shareholders of FGS within 30 days after FGS finalizes recording the Company's corresponding interest at the local governmental agency. If FGS does not reach certain performance goals, the Company has the right to cancel all of the Restricted Shares and without further payment. The Restricted Shares are also subject to lock-up period requirements that vary for each of FGS shareholders, from one year to three years following issuance of the Restricted Shares. FGS has finalized recording Recon's corresponding interest at the local governmental agency	As consideration for increasing its affiliates' interest in FGS from 8% to 43%, the Company will (1) pay a total of RMB 10 million in cash to FGS and (2) issue 487,057 restricted ordinary shares of the Company (the "Restricted Shares") to the other shareholders of FGS within 30 days after FGS finalizes recording the Company's corresponding interest at the local governmental agency. If FGS does not reach certain performance goals, the Company has the right to cancel all of the Restricted Shares and without further payment. The Restricted Shares are also subject to lock-up period requirements that vary for each of FGS shareholders, from one year to three years following issuance of the Restricted Shares. FGS has finalized recording Recon's corresponding interest at the local governmental agency
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures | shares	487,057	487,057
Number of gas stations extending business | item			200	200
Minimum
Equity Method Investment, Ownership Percentage	8.00%	8.00%	20.00%				20.00%
Maximum
Equity Method Investment, Ownership Percentage	43.00%	43.00%	50.00%				50.00%

LEASES - Operating lease relate

LEASES - Operating lease related assets and liabilities (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Operating lease related assets and liabilities recorded on the balance sheets
Rights of use lease assets	$ 360,681	¥ 2,549,914	¥ 0
Operating lease liabilities - current	187,981	1,328,976	0
Operating lease liabilities - non-current (including Nil and 352,775 ($49,899) from a related party as of June 30, 2019 and 2020, respectively)	171,165	1,210,088	¥ 0
Total operating lease liabilities	$ 359,146	¥ 2,539,064

LEASES - weighted average remai

LEASES - weighted average remaining lease terms and discount rates (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)
Remaining lease term and discount rate:
Weighted average remaining lease term (years)	2 years 6 months 26 days	2 years 6 months 26 days
Weighted average discount rate	5.00%	5.00%
Operating lease costs	$ 190,777	¥ 1,348,742
Short-term lease costs	$ 161,593	¥ 1,142,417

LEASES - Maturities of lease li

LEASES - Maturities of lease liabilities (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Schedule, by years, of maturities of lease liabilities
2021	$ 201,338	¥ 1,423,402
2022	137,325	970,850
2023	42,434	300,000
Total lease payments	381,097	2,694,252
Less: imputed interest	(20,416)	(144,338)
Less: prepayments	(1,535)	(10,850)
Total operating lease liabilities	359,146	2,539,064
Less: operating lease liabilities - current	(187,981)	(1,328,976)	¥ 0
Operating lease liabilities - non-current	$ 171,165	¥ 1,210,088	¥ 0

LEASES - Additionl information

LEASES - Additionl information (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jul. 01, 2019USD ($)	Jul. 01, 2019CNY (¥)	Jun. 30, 2019CNY (¥)
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets (including Nil and 803,503 ($113,654) from a related party as of June 30, 2019 and 2020, respectively)	$ 360,681	¥ 2,549,914			¥ 0
operating lease liabilities	$ 359,146	¥ 2,539,064
ASU 2016-02 | Restatement
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets (including Nil and 803,503 ($113,654) from a related party as of June 30, 2019 and 2020, respectively)			$ 173,834	¥ 1,228,963
operating lease liabilities			$ 173,834	¥ 1,228,963
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	3 years	3 years

OTHER PAYABLES - Third Party (D

OTHER PAYABLES - Third Party (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Other Payables [Line Items]
Total	$ 369,107	¥ 2,609,486	¥ 2,246,410
Third Party [Member]
Other Payables [Line Items]
Service	238,404	1,685,449	1,341,617
Distributors and employees	38,752	273,968	219,095
Accrued expenses	56,961	402,699	393,274
Others	34,990	247,370	292,424
Total	$ 369,107	¥ 2,609,486	¥ 2,246,410

OTHER PAYABLES - Related Party

OTHER PAYABLES - Related Party (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Other Payables [Line Items]
Total	$ 369,107	¥ 2,609,486	¥ 2,246,410
Related Party [Member]
Other Payables [Line Items]
Expenses paid by the major shareholders	530,764	3,752,353	2,029,908
Due to family member of the owner of BHD	68,602	485,000	0
Due to management staff for costs incurred on behalf of the Company	36,913	260,965	260,965
Total	$ 636,279	¥ 4,498,318	¥ 2,290,873

TAXES PAYABLE (Details)

TAXES PAYABLE (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
TAXES PAYABLE
VAT payable	$ 93,395	¥ 660,278	¥ 1,732,736
Income tax payable	62,241	440,030	440,031
Other taxes payable	1,129	7,980	8,080
Total taxes payable	$ 156,765	¥ 1,108,288	¥ 2,180,847

SHORT-TERM BANK LOANS - Compone

SHORT-TERM BANK LOANS - Components (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Short-term Debt [Line Items]
Total short-term bank loans	$ 1,346,586	¥ 9,520,000	¥ 2,500,000
Bank of Nanjing
Short-term Debt [Line Items]
Total short-term bank loans	353,620	2,500,000	¥ 2,500,000
Beijing Rural Commercial Bank
Short-term Debt [Line Items]
Total short-term bank loans	848,689	6,000,000
Industrial and Commercial Bank of China
Short-term Debt [Line Items]
Total short-term bank loans	$ 144,277	¥ 1,020,000

SHORT-TERM BANK LOANS - Additio

SHORT-TERM BANK LOANS - Additional information (Details)	Jun. 29, 2020USD ($)	Jun. 01, 2020USD ($)	May 22, 2020USD ($)	Apr. 30, 2020USD ($)	Apr. 30, 2020CNY (¥)	Apr. 23, 2020USD ($)	Jun. 12, 2019CNY (¥)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2020CNY (¥)	Jun. 29, 2020CNY (¥)	Jun. 01, 2020CNY (¥)	May 22, 2020CNY (¥)	Apr. 23, 2020CNY (¥)
Short-term Debt [Line Items]
Proceeds from debt								$ 1,346,586	¥ 9,520,000	¥ 2,500,000	¥ 45,000
Interest Expense on Bank Loan								28,721	¥ 203,049	¥ 2,749
Bank of Nanjing
Short-term Debt [Line Items]
Face amount of debt	$ 212,172	$ 353,620					¥ 2,500,000						¥ 1,500,000	¥ 2,500,000
Term of debt	1 year	1 year					1 year
Interest rate (as a percent)	4.35%	4.35%					5.655%						4.35%	4.35%
Beijing Rural Commercial Bank
Short-term Debt [Line Items]
Face amount of debt						$ 848,689										¥ 6,000,000
Term of debt						1 year
Interest rate (as a percent)						5.655%										5.655%
Proceeds from debt				$ 848,689	¥ 6,000,000
Carrying value of self-owned housing property pledged as collateral								$ 2,207,440				¥ 15,600,000
Industrial and Commercial Bank of China
Short-term Debt [Line Items]
Face amount of debt			$ 144,277												¥ 1,020,000
Term of debt			6 months
Interest rate (as a percent)			4.45%												4.45%

SHORT-TERM BORROWINGS - Due to

SHORT-TERM BORROWINGS - Due to third party (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Short-term Debt [Line Items]
Total short-term borrowings due to third party	$ 28,290	¥ 200,000	¥ 1,081,096
Interest 10% annual interest, due on September 8, 2019 [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to third party			1,081,096
Interest 15% annual interest, due on June 23, 2021 [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to third party	$ 28,290	¥ 200,000	¥ 0

SHORT-TERM BORROWINGS - Due t_2

SHORT-TERM BORROWINGS - Due to related party (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2020CNY (¥)
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 1,447,120	¥ 9,010,525	¥ 10,230,746
Short Term Borrowings One [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 0	¥ 5,008,640	0
Debt Instrument, Maturity Date	Dec. 19, 2019
Debt Instrument, Interest Rate Percentage		5.65%
Short Term Borrowings Two [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 0	¥ 4,001,885	0
Debt Instrument, Maturity Date	Mar. 27, 2020
Debt Instrument, Interest Rate Percentage		5.65%
Short Term Borrowings Three [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 708,463	¥ 0	5,008,640
Debt Instrument, Maturity Date	Dec. 19, 2020
Debt Instrument, Interest Rate Percentage	5.65%
Short Term Borrowings Four [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 566,090	0	4,002,106
Debt Instrument, Maturity Date	Mar. 25, 2021
Debt Instrument, Interest Rate Percentage	4.55%
Short Term Borrowings Five [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 63,652	0	450,000
Debt Instrument, Maturity Date	Sep. 24, 2020
Short Term Borrowings Six [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 108,915	¥ 0	¥ 770,000
Debt Instrument, Maturity Date	Dec. 31, 2020

SHORT-TERM BORROWINGS - Additio

SHORT-TERM BORROWINGS - Additional Information (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2020CNY (¥)
Short-term Debt [Line Items]
Interest expense due to third party		¥ 0	¥ 81,096	¥ 0
Remaining balance outstanding	$ 1,447,120		9,010,525		¥ 10,230,746
Reversal Of Interest Expense	(11,471)	(81,096)	0	0
Interest 10% annual interest, due on September 8, 2019 [Member]
Short-term Debt [Line Items]
Reversal Of Interest Expense	11,471	81,096
Short Term Borrowings [Member]
Short-term Debt [Line Items]
Interest expense due to related party	71,623	506,358	¥ 508,474	¥ 325,185
Founder and Founder's family Member [Member]
Short-term Debt [Line Items]
Face amount of debt	1,190,287				8,415,000
Repayments of debt	1,017,720	¥ 7,195,000
Remaining balance outstanding	$ 172,567				¥ 1,220,000
Minimum | Founder and Founder's family Member [Member]
Short-term Debt [Line Items]
Term of debt	6 months	6 months
Maximum | Founder and Founder's family Member [Member]
Short-term Debt [Line Items]
Term of debt	1 year	1 year

LONG-TERM BORROWINGS DUE TO R_3

LONG-TERM BORROWINGS DUE TO RELATED PARTY - Due to related party (Details) - Related Party	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Long-term borrowing from a Founder, monthly payments of 126,135 inclusive of interest at 8.90%, ten years loan, due in November 2027.	$ 1,163,638	¥ 8,226,599	¥ 8,977,001
Less: current portion	(119,856)	(847,346)	(780,797)
Total long-term borrowings due to related party	$ 1,043,782	¥ 7,379,253	¥ 8,196,204

LONG-TERM BORROWINGS DUE TO R_4

LONG-TERM BORROWINGS DUE TO RELATED PARTY - Parenthetical (Details) - Related Party	12 Months Ended
	Jun. 30, 2020CNY (¥)
Debt Instrument, Term	10 years
Long-term Borrowings [Member]
Debt Instrument, Periodic Payment	¥ 126,135
Debt Instrument, Interest Rate, Stated Percentage	8.90%

LONG-TERM BORROWINGS DUE TO R_5

LONG-TERM BORROWINGS DUE TO RELATED PARTY - Future maturities (Details) - Related Party	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
2021	$ 119,856	¥ 847,346
2022	126,271	892,701
2023	137,979	975,474
2024	150,773	1,065,921
2025	164,752	1,164,755
Thereafter	464,007	3,280,402
Total	$ 1,163,638	¥ 8,226,599	¥ 8,977,001

LONG-TERM BORROWINGS DUE TO R_6

LONG-TERM BORROWINGS DUE TO RELATED PARTY - Additional Information (Details) - Long-term Borrowings [Member]	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Interest Expense, Long-term Debt	$ 107,956	¥ 763,220	¥ 826,895	¥ 546,676
guaranteed or collateralized		¥ 0	¥ 0

ORDINARY SHARES (Details)

ORDINARY SHARES (Details)	Jun. 26, 2020USD ($)$ / sharesshares	May 21, 2020USD ($)$ / sharesshares	Dec. 26, 2019shares	Aug. 21, 2018shares	Aug. 21, 2018CNY (¥)shares	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2020CNY (¥)shares	Jun. 30, 2019CNY (¥)shares	Jun. 30, 2018CNY (¥)shares	Jun. 30, 2020CNY (¥)shares	Dec. 10, 2019$ / sharesshares	Jun. 30, 2019$ / shares	Jun. 30, 2019CNY (¥)shares	Sep. 21, 2018$ / shares
Equity [Line Items]
Proceeds from Issuance of Common Stock						$ 3,697,603	¥ 26,141,051	¥ 0	¥ 65,004,531
Cost Method Investment Ownership Percentage				43.00%	43.00%	43.00%				43.00%
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures				487,057	487,057
Common shares, shares authorized						20,000,000				20,000,000			20,000,000
Number of ordinary share in lieu of the fractional share, the shareholder was entitled to receive			23,049,639
Common shares, shares outstanding			4,611,720			7,202,832				7,202,832			4,361,634
Percentage Transfer Of Profit To Statutory Reserves						10.00%	10.00%
Transfer Of Profit To Statutory Reserves Up to Certain Percentage Of Registered Capital						50.00%	50.00%
Appropriated retained earnings						$ 586,858				¥ 4,148,929			¥ 4,148,929
Stock Issued During Period, Value, New Issues						$ 3,644,603	¥ 25,766,355
Number of Common Stock to be Issued	1,680,000	911,112
Par value (in dollars per share) | $ / shares	$ 0.0925	$ 0.0925				$ 0.0925						$ 0.0925
Number of Ordinary Shares called for by warrants	1,680,000	911,112
Exercise price of warrants (in dollars per share) | $ / shares	$ 1.25	$ 2.25
Gross proceeds | $	$ 2,100,000	$ 2,100,000
Payments of Stock Issuance Costs | $	200,000	300,000
Net proceeds | $	$ 1,900,000	$ 1,700,000
Restricted Stock [Member]
Equity [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures						250,086	250,086	858,667	1,563,667
Minimum
Equity [Line Items]
Equity Method Investment, Ownership Percentage				8.00%	8.00%	20.00%				20.00%
Common shares, shares authorized											20,000,000
Par value (in dollars per share) | $ / shares											$ 0.0185
Maximum
Equity [Line Items]
Equity Method Investment, Ownership Percentage				43.00%	43.00%	50.00%				50.00%
Common shares, shares authorized											100,000,000
Par value (in dollars per share) | $ / shares											$ 0.0925
Future Gas Station (Beijing) Technology, Ltd [Member]
Equity [Line Items]
Payments to Acquire Additional Interest in Subsidiaries | ¥					¥ 10,000,000
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures				487,057	487,057
Shares Issued, Price Per Share | $ / shares														$ 6.4375

COMMON STOCK PURCHASE WARRANT_2

COMMON STOCK PURCHASE WARRANTS ISSUED TO INVESTORS (Details)	Jun. 26, 2020USD ($)item$ / sharesshares	May 21, 2020USD ($)item$ / sharesshares
Class of Warrant or Right [Line Items]
Number of offerings | item	2	2
Number of common shares called for by warrants | shares	1,680,000	911,112
Exercise price of warrants (in dollars per share) | $ / shares	$ 1.25	$ 2.25
Fair value of warrants | $	$ 1,639,333	$ 1,689,389
Risk-free interest rate
Class of Warrant or Right [Line Items]
Warrants outstanding, measurement input	0.35	0.40
Expected warrant life
Class of Warrant or Right [Line Items]
Warrants and rights outstanding, term	5 years 6 months	5 years 6 months
Expected volatility
Class of Warrant or Right [Line Items]
Warrants outstanding, measurement input	104.26	99.50
Expected dividend yield
Class of Warrant or Right [Line Items]
Warrants outstanding, measurement input	0	0

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - $ / shares	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
STOCK-BASED COMPENSATION
Stock Options, Shares, Outstanding at Beginning	163,120	163,120
Stock Options, Shares, Granted	0	0
Stock Options, Shares, Forfeited	0	0
Stock Option, Shares, Exercised	0	0
Stock Option, Shares, Expired	53,600
Stock Options, Shares, Outstanding at Ending	109,520	163,120
Stock Options, Weighted Average Exercise Price Per share, Outstanding at Beginning	$ 15.20	$ 15.20
Stock Options, Weighted Average Exercise Price Per share, Granted	0	0
Stock Options, Weighted Average Exercise Price Per share, Forfeited	0	0
Stock Options, Weighted Average Exercise Price Per share, Exercised	0	0
Stock Options, Weighted Average Exercise Price Per share, Expired	25.75
Stock Options, Weighted Average Exercise Price Per share, Outstanding at Ending	$ 10.02	$ 15.20

STOCK-BASED COMPENSATION - Opti

STOCK-BASED COMPENSATION - Option outstanding (Details)	12 Months Ended
	Jun. 30, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Options, Number (in shares)	109,520
Stock Option One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Options, Average Exercise Price | $ / shares	$ 14.80
Outstanding Options, Number (in shares)	29,520
Outstanding Options, Average Remaining Contractual life (Years)	1 year 8 months 27 days
Exercisable Options, Average Exercise Price | $ / shares	$ 14.80
Exercisable Options, Number (in shares)	29,520
Exercisable Options, Average Remaining Contractual life (years)	1 year 8 months 27 days
Stock Option Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Options, Average Exercise Price | $ / shares	$ 8.25
Outstanding Options, Number (in shares)	80,000
Outstanding Options, Average Remaining Contractual life (Years)	4 years 7 months 2 days
Exercisable Options, Average Exercise Price | $ / shares	$ 8.25
Exercisable Options, Number (in shares)	80,000
Exercisable Options, Average Remaining Contractual life (years)	4 years 7 months 2 days

STOCK-BASED COMPENSATION - Rest

STOCK-BASED COMPENSATION - Restricted shares (Details) - shares	Oct. 13, 2018	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - Shares		0	0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, Beginning Balance - Shares		821,644	808,400
Granted - Shares		0	396,200
Vested - Shares	(120,000)	(500,844)	(382,956)
Non-vested, Ending Balance - Shares		320,800	821,644

STOCK-BASED COMPENSATION - Stat

STOCK-BASED COMPENSATION - Status of restricted stock (Details)	12 Months Ended
	Jun. 30, 2020$ / sharesshares
Fair Value per Share 5.11 [Member]
Outstanding Restricted Shares, Fair Value per Share | $ / shares	$ 5.11
Fair Value per Share 6.45 [Member]
Outstanding Restricted Shares, Fair Value per Share | $ / shares	$ 6.45
Restricted Stock [Member]
Outstanding Restricted Shares, Number	320,800
Restricted Stock [Member] | Fair Value per Share 5.11 [Member]
Outstanding Restricted Shares, Number	60,000
Outstanding Restricted Shares, Average Remaining Amortization Period (Years)	3 months 15 days
Restricted Stock [Member] | Fair Value per Share 6.45 [Member]
Outstanding Restricted Shares, Number	260,800
Outstanding Restricted Shares, Average Remaining Amortization Period (Years)	1 year 1 month 21 days

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Details)	Aug. 21, 2019shares	Oct. 13, 2018shares	Sep. 13, 2018shares	Aug. 27, 2018USD ($)$ / sharesshares	Aug. 21, 2018$ / sharesshares	Oct. 13, 2017USD ($)$ / sharesshares	Apr. 24, 2017USD ($)$ / sharesshares	Apr. 05, 2017USD ($)$ / sharesshares	Apr. 05, 2017$ / shares	Dec. 09, 2016USD ($)$ / shares	Aug. 21, 2018USD ($)$ / sharesshares	Nov. 17, 2017shares	Mar. 31, 2017USD ($)$ / sharesshares	Jan. 23, 2017shares	Jul. 27, 2016USD ($)$ / sharesshares	Oct. 18, 2015USD ($)$ / sharesshares	Jun. 30, 2020USD ($)shares	Jun. 30, 2020CNY (¥)shares	Jun. 30, 2019CNY (¥)shares	Jun. 30, 2018USD ($)shares	Jun. 30, 2018CNY (¥)shares	Jun. 30, 2017shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross																	0	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				1 year					1 year
Stock Issued During Period, Value, Issued for Services																				$ 219,939	¥ 1,554,908
Restricted Stock Closing Price | $ / shares										$ 6.75
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $										$ 4,063,500
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures					487,057						487,057
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Issued for Services																				44,254	44,254
Stock Issued During Period, Value, Issued for Services | ¥																					¥ 27,137
Stock Issued During Period, Shares, Restricted Stock Award, Gross																			25,000	180,000	180,000
Shares, Outstanding																	7,202,832	7,202,832	4,361,634	3,677,843	3,677,843	1,982,355
Additional Paid-in Capital [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Issued for Services | ¥																					¥ 1,527,771
Stockholders' Equity [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Issued for Services | ¥																					¥ 1,554,908
December 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period																			192,000	160,000	160,000
August 2018 Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	260,800
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	130,400
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock or Unit Option Plan Expense | ¥																		¥ 0	¥ 0		¥ 840,286
Share-based Compensation | $																	$ 0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross																	0	0	396,200
Stock or Unit Option Plan Expense																	$ 1,123,782	¥ 7,944,835	¥ 21,288,204		¥ 14,621,838
Stock Issued During Period, Shares, Issued for Services															175,200
Stock Issued During Period, Shares, Restricted Stock Award, Gross																160,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number																	320,800	320,800
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares		120,000															500,844	500,844	382,956
Shares, Outstanding																	250,086	250,086	858,667	1,563,667	1,563,667
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures																	250,086	250,086	858,667	1,563,667	1,563,667
Restricted Stock [Member] | March 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period													2 years
Restricted Stock [Member] | March 2017 [Member] | Consulting firm [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Issued for Services			40,000									40,000	40,000
Stock Issued During Period, Value, Issued for Services | $													$ 256,020
Restricted Stock Closing Price | $ / shares													$ 6.4005
Restricted Stock [Member] | April 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period								5,000
Restricted Stock [Member] | April 2017 [Member] | Independent Company [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Issued for Services								60,000
Stock Issued During Period, Value, Issued for Services | $								$ 390,000
Restricted Stock Closing Price | $ / shares								$ 6.50	$ 6.50
Restricted Stock [Member] | April 24, 2017 [Member] | Independent Company [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Issued for Services							100,000
Stock Issued During Period, Value, Issued for Services | $							$ 555,050
Restricted Stock Closing Price | $ / shares							$ 5.505
Restricted Stock [Member] | October 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Closing Price | $ / shares						$ 5.11
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $						$ 919,800
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period						180,000
Restricted Stock [Member] | August 2018 Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Closing Price | $ / shares					$ 6.45						$ 6.45
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $											$ 2,523,240
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period											391,200
Restricted Stock [Member] | August 2018 Member | Independent Company [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Issued for Services				5,000
Stock Issued During Period, Value, Issued for Services | $				$ 32,000
Restricted Stock Closing Price | $ / shares				$ 6.40
Restricted Stock For Services [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock or Unit Option Plan Expense																	$ 4,799	¥ 33,927	¥ 845,781		¥ 3,050,896
Share-based Compensation | ¥																		¥ 0
Employees And Non Employee Director [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Issued for Services | $															$ 963,600
Restricted Stock Closing Price | $ / shares															$ 5.50	$ 4.40
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $																$ 704,000
Employees And Non Employee Director [Member] | Restricted Stock [Member] | October 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period																						3,800
Senior Manager [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Restricted Shares, Average Remaining Amortization Period (Years)																	1 year 26 days	1 year 26 days
Share-based Compensation																	$ 1,050,000	¥ 7,400,000
Management [Member] | Performance Shares [Member] | December 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period														602,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period																			250,000
Employees [Member] | Restricted Stock [Member] | July 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period															3,800

INCOME TAX (Details)

INCOME TAX (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
INCOME TAX
Outside China areas	$ (1,437,190)	¥ (10,160,525)	¥ (28,447,953)
China	(1,369,184)	(9,679,757)	3,064,024
Loss before income tax	$ (2,806,374)	¥ (19,840,282)	¥ (25,383,929)	¥ (45,359,004)

INCOME TAX - Deferred tax asset

INCOME TAX - Deferred tax asset, net (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Deferred tax assets:
Allowance for doubtful receivables	$ 166,932	¥ 1,180,160	¥ 832,515
Impairment loss from investment in unconsolidated entity	85,669	605,660	605,660
Net operating loss carryforwards	1,476,950	10,441,633	7,456,198
Less: Valuation allowance	(1,720,386)	(12,162,660)	(8,894,373)
Total deferred tax assets	9,165	64,793	0
Deferred tax Liability:
Accelerated amortization of intangible assets	(9,165)	(64,793)	0
Total deferred tax liability	9,165	64,793	0
Deferred tax assets, net	$ 0	¥ 0	¥ 0

INCOME TAX - Reconciliation of

INCOME TAX - Reconciliation of income tax expense (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
INCOME TAX
Income tax benefits calculated at PRC statutory rates	$ (701,646)	¥ (4,960,454)	¥ (6,318,111)	¥ (5,679,505)
Nondeductible expenses and others	32,846	232,213	(56,127)	(65,427)
Effect of tax rate differential	284,144	2,008,824	6,378,169	2,009,486
Benefit of revenue exempted from enterprise income tax	(37,703)	(266,548)	(279,352)	(55,748)
Change in valuation allowances	462,293	3,268,287	673,898	3,869,157
Tax refund	0	0		(61,733)
Provision for income tax	$ 39,934	¥ 282,322	¥ 398,477	¥ 16,230

INCOME TAX - Income tax expense

INCOME TAX - Income tax expense (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
INCOME TAX
Current income tax provision	$ 39,934	¥ 282,322	¥ 398,477	¥ 16,230
Expense for income tax	$ 39,934	¥ 282,322	¥ 398,477	¥ 16,230

INCOME TAX - Additional Informa

INCOME TAX - Additional Information (Details)	12 Months Ended
	Jun. 30, 2020
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	25.00%
Nanjing Recon Technology Co Ltd [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	15.00%
Beijing Bhd Petroleum Technology Co Ltd [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	15.00%

NON-CONTROLLING INTEREST (Detai

NON-CONTROLLING INTEREST (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)
Noncontrolling Interest [Line Items]
Paid-in capital	$ 39,959,870				¥ 282,505,455		¥ 250,624,798
Accumulated other comprehensive loss	399,694				2,825,731		2,909,936
Total non-controlling interests	1,501,405				10,614,526		11,085,429
Capital contribution received	57,286	¥ 405,000	¥ 850,000	¥ 3,700,000
Capital contribution repaid			200,000	0
Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital	934,406				6,606,000	$ 903,040	6,201,000
Unappropriated retained earnings	571,342				4,039,229	715,783	4,915,132
Accumulated other comprehensive loss	(4,343)				(30,703)	(4,471)	(30,703)
Total non-controlling interests	1,501,405				10,614,526	$ 1,614,352	11,085,429
Bhd [Member] | Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital					1,651,000		1,651,000
Unappropriated retained earnings					3,477,493		3,477,493
Accumulated other comprehensive loss					(18,850)		(18,850)
Total non-controlling interests					5,109,643		5,109,643
Nanjing Recon [Member] | Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital					200,000		200,000
Unappropriated retained earnings					3,616,002		3,616,002
Accumulated other comprehensive loss					(11,853)		(11,853)
Total non-controlling interests					3,804,149		3,804,149
Gan Su BHD [Member]
Noncontrolling Interest [Line Items]
Capital contribution received	$ 57,286	405,000	850,000	3,500,000
Gan Su BHD [Member] | Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital					4,755,000		4,350,000
Unappropriated retained earnings					(2,100,871)		(1,351,699)
Accumulated other comprehensive loss					0
Total non-controlling interests					2,654,129		2,998,301
Qinghai BHD [Member]
Noncontrolling Interest [Line Items]
Capital contribution received		¥ 0		¥ 200,000
Capital contribution repaid			¥ 200,000
Qinghai BHD [Member] | Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital					0
Unappropriated retained earnings					(953,395)		(826,664)
Accumulated other comprehensive loss					0
Total non-controlling interests					¥ (953,395)		¥ (826,664)

CONCENTRATIONS (Details)

CONCENTRATIONS (Details)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Customer One [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	31.00%	24.00%	43.00%
Customer One [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	11.00%	18.00%	22.00%
Customer Two [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	17.00%	12.00%
Customer Two [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	10.00%	14.00%	14.00%
Customer Three [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		10.00%
China National Petroleum Corporation | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	39.00%	39.00%	45.00%
China National Petroleum Corporation | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	36.00%	31.00%	29.00%

COMMITMENTS AND CONTINGENCY - P

COMMITMENTS AND CONTINGENCY - Purchase commitment (Details) - Jun. 30, 2020 - Purchase Commitment [Member]	USD ($)	CNY (¥)
Other Commitment, Fiscal Year Maturity [Abstract]
2021	$ 357,335	¥ 2,526,259
Thereafter	0	0
Total minimum payments required	$ 357,335	¥ 2,526,259

COMMITMENTS AND CONTINGENCY - O

COMMITMENTS AND CONTINGENCY - Office Leases Commitment - short term (Details) - Jun. 30, 2020	USD ($)	CNY (¥)
COMMITMENTS AND CONTINGENCY
2021	$ 81,873	¥ 578,819
Total	$ 81,873	¥ 578,819

COMMITMENTS AND CONTINGENCY - A

COMMITMENTS AND CONTINGENCY - Additional Information (Details) - 12 months ended Jun. 30, 2020 ¥ in Millions, $ in Millions	USD ($)	CNY (¥)
COMMITMENTS AND CONTINGENCY
Severance Costs	$ 0.6	¥ 3.9

RELATED PARTY TRANSACTIONS AN_3

RELATED PARTY TRANSACTIONS AND BALANCES - Schedule of Sales to related parties (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Related Party Transaction [Line Items]
Total revenues from related party	$ 0	¥ 0	¥ 3,726,894	¥ 577,009
Urumqi Yikeli Automatic Control Equipment Co., Ltd. [Member]
Related Party Transaction [Line Items]
Total revenues from related party	$ 0	¥ 0	¥ 3,726,894	¥ 577,009

RELATED PARTY TRANSACTIONS AN_4

RELATED PARTY TRANSACTIONS AND BALANCES - Schedule of prepaid expenses - related parties (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Total prepaid expenses - related parties	$ 0		¥ 0	¥ 217,600
Monthly Payment [Member]
Operating Leases annual rental expense	200,000	¥ 1,440,000
Founders [Member]
Total prepaid expenses - related parties	0		0	132,600
Founders' family member [Member]
Total prepaid expenses - related parties	$ 0		¥ 0	¥ 85,000
Nanjing Recon [Member] | Founders [Member]
Lessee, Operating Lease, Period of Contract	April 1, 2020 - March 31, 2022	April 1, 2020 - March 31, 2022
Nanjing Recon [Member] | Founders [Member] | Monthly Payment [Member]
Operating Leases annual rental expense	$ 5,658	¥ 40,000
Bhd [Member] | Founders [Member]
Lessee, Operating Lease, Period of Contract	Jan 1, 2020- Dec 31, 2020	Jan 1, 2020- Dec 31, 2020
Bhd [Member] | Founders [Member] | Monthly Payment [Member]
Operating Leases annual rental expense	$ 3,183	¥ 22,500
Bhd [Member] | Founders' family member [Member]
Lessee, Operating Lease, Period of Contract	Jan 1, 2020- Dec 31, 2020	Jan 1, 2020- Dec 31, 2020
Bhd [Member] | Founders' family member [Member] | Monthly Payment [Member]
Operating Leases annual rental expense	$ 6,719	¥ 47,500
Recon BJ [Member] | Founders [Member]
Lessee, Operating Lease, Period of Contract	July 1, 2020-Jun 1 ,2021	July 1, 2020-Jun 1 ,2021
Recon BJ [Member] | Founders [Member] | Monthly Payment [Member]
Operating Leases annual rental expense	$ 1,414	¥ 10,000

RELATED PARTY TRANSACTIONS AN_5

RELATED PARTY TRANSACTIONS AND BALANCES (Additional Information) (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Related Party Transaction [Line Items]
Operating lease right-of-use assets (including Nil and 803,503 ($113,654) from a related party as of June 30, 2019 and 2020, respectively)	$ 360,681		¥ 2,549,914	¥ 0
operating lease liabilities	359,146		2,539,064
Monthly Payment [Member]
Related Party Transaction [Line Items]
Annual rental expense	200,000	¥ 1,440,000
Related Party [Member]
Related Party Transaction [Line Items]
Operating lease right-of-use assets (including Nil and 803,503 ($113,654) from a related party as of June 30, 2019 and 2020, respectively)	113,654		803,503	¥ 0
operating lease liabilities	$ 113,654		¥ 803,503
Related Party [Member] | Monthly Payment [Member]
Related Party Transaction [Line Items]
Annual rental expense		¥ 120,000

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)	Jun. 30, 2016CNY (¥)
Current assets
Cash	$ 4,291,042	¥ 30,336,504	¥ 4,521,325	$ 639,533	¥ 45,340,578	¥ 45,340,578	¥ 3,809,279
Notes receivable	591,378	4,180,885	3,073,680
Trade accounts receivable, net	6,824,026	48,244,015	68,535,282
Trade accounts receivable-related party, net	434,093	3,068,920	3,409,912
Inventories, net	280,877	1,985,723	1,270,523
Other receivables, net	898,309	6,350,802	5,665,593
Loans to third parties	452,687	3,200,377	4,960,000
Purchase advances, net	25,286	178,767	1,343,576
Contract assets, net	4,460,933	31,537,586	4,633,940
Prepaid expenses	28,048	198,294	192,837
Prepaid expenses - related parties	0	0	217,600
Total current assets	18,286,679	129,281,873	97,824,268
Property and equipment, net	4,209,055	29,756,879	3,661,321
Construction in progress	3,800,000	27,200,000	21,524,994
Land use right, net	181,145	1,280,648	1,307,887
Investment in unconsolidated entity	4,461,536	31,541,850	31,078,971
Long-term other receivables, net	515	3,640	440,015
Prepayments for construction in progress			1,144,098
Rights of use lease assets	360,681	2,549,914	0
Total Assets	27,499,611	194,414,804	156,981,554
Current liabilities
Short-term bank loans	1,346,586	9,520,000	2,500,000
Trade accounts payable	3,258,163	23,034,347	14,089,293
Other payables	369,107	2,609,486	2,246,410
Accrued payroll and employees' welfare	271,246	1,917,635	1,384,529
Taxes payable	156,765	1,108,288	2,180,847
Short-term borrowings	28,290	200,000	1,081,096
Operating lease liabilities - current (including Nil and 450,728 ($63,755) from a related party as of June 30, 2019 and 2020, respectively)	187,981	1,328,976	0
Total Current Liabilities	9,219,754	65,181,175	42,084,370
Operating lease liabilities - non-current	171,165	1,210,088	0
Total Liabilities	10,434,701	73,770,516	50,280,574
Variable Interest Entity, Primary Beneficiary
Current assets
Cash	903,585	6,388,098	444,763
Notes receivable	591,378	4,180,885	3,073,680
Trade accounts receivable, net	6,228,114	44,031,079	68,535,282
Trade accounts receivable-related party, net	434,093	3,068,920	3,409,912
Inventories, net	280,877	1,985,723	1,270,523
Other receivables, net	897,065	6,342,009	5,496,813
Loans to third parties	452,687	3,200,377	4,960,000
Purchase advances, net	10,636	75,195	1,343,576
Contract assets, net	4,460,933	31,537,586	4,633,940
Prepaid expenses	5,982	42,294	0
Prepaid expenses - related parties	0	0	217,600
Total current assets	14,265,350	100,852,166	93,386,089
Property and equipment, net	4,209,055	29,756,879	3,661,321
Construction in progress	0	0	21,524,994
Land use right, net	181,145	1,280,648	1,307,887
Investment in unconsolidated entity	565,793	4,000,000	4,000,000
Long-term other receivables, net	515	3,640	440,015
Prepayments for construction in progress	0	0	1,144,098
Rights of use lease assets	360,681	2,549,914	0
Total Assets	19,582,539	138,443,247	125,464,404
Current liabilities
Short-term bank loans	1,346,586	9,520,000	2,500,000
Trade accounts payable	2,673,805	18,903,080	14,089,293
Other payables	157,744	1,115,209	946,941
Advance from customers	493,093	3,486,033	120,000
Accrued payroll and employees' welfare	120,350	850,841	988,785
Taxes payable	156,762	1,108,265	2,180,805
Short-term borrowings	28,290	200,000	1,081,096
Long-term borrowings - related party - current portion	119,856	847,346	780,797
Operating lease liabilities - current (including Nil and 450,728 ($63,755) from a related party as of June 30, 2019 and 2020, respectively)	187,981	1,328,976	0
Total Current Liabilities	7,171,980	50,703,956	33,230,904
Operating lease liabilities - non-current	171,165	1,210,088	0
Long-term borrowings - related party	1,043,782	7,379,253	8,196,204
Total Liabilities	8,386,927	59,293,297	41,427,108
Related Party
Current liabilities
Other payables	636,279	4,498,318	2,290,873
Short-term borrowings	1,447,120	10,230,746	9,010,525
Long-term borrowings - related party - current portion	119,856	847,346	780,797
Long-term borrowings - related party	1,043,782	7,379,253	8,196,204
Related Party | Variable Interest Entity, Primary Beneficiary
Current liabilities
Other payables	440,393	3,113,460	1,532,662
Short-term borrowings	$ 1,447,120	¥ 10,230,746	¥ 9,010,525

VARIABLE INTEREST ENTITIES - Ad

VARIABLE INTEREST ENTITIES - Additional Information (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Variable Interest Entity [Line Items]
Revenues	$ 9,301,722	¥ 65,760,651	¥ 102,384,327	¥ 84,712,046
Operating expenses	5,627,296	39,783,428	54,108,938	45,075,081
Net income (loss)	2,722,413	19,246,701	25,355,905	44,072,321
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Revenues	6,461,555	45,681,441	102,384,327	84,712,046
Operating expenses	2,943,750	20,811,514	21,501,642	22,441,733
Net income (loss)	$ 1,494,181	¥ 10,563,458	¥ (3,500,635)	¥ (22,734,249)

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Total revenue	$ 9,301,722	¥ 65,760,651	¥ 102,384,327	¥ 84,712,046
Automation product and software [Member]
Total revenue	7,272,390	51,413,830	63,577,177	18,989,924
Equipment and accessories [Member]
Total revenue	2,011,764	14,222,623	23,951,132	63,960,425
Oilfield environmental protection [Member]
Total revenue	$ 17,568	¥ 124,198	¥ 14,856,018	¥ 1,761,697

SEGMENT REPORTING - Company's r

SEGMENT REPORTING - Company's revenue (Details)	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Revenue	$ 9,301,722	¥ 65,760,651	¥ 102,384,327	¥ 84,712,046
Cost of revenues and related tax	6,528,433	46,154,255	72,518,963	80,561,861
Gross profit	2,773,289	19,606,396	29,865,364	4,150,185
Depreciation and amortization	227,689	1,609,700	1,124,011	1,119,049
Total capital expenditures		3,868,886	6,342,779	12,022,482
Goods transferred at a point in time [Member]
Revenue		25,093,924	48,465,378	66,954,021
Services rendered over time [Member]
Revenue		40,666,727	53,918,949	17,758,025
Automation product and software [Member]
Revenue	7,272,390	51,413,830	63,577,177	18,989,924
Cost of revenues and related tax		38,257,914	49,356,155	17,036,393
Gross profit		13,155,916	14,221,022	1,953,531
Depreciation and amortization		98,756	78,760	48,127
Total capital expenditures		85,975	162,060	100,327
Automation product and software [Member] | Goods transferred at a point in time [Member]
Revenue		10,871,301	24,514,246	2,993,596
Automation product and software [Member] | Services rendered over time [Member]
Revenue		40,542,529	39,062,931	15,996,328
Equipment and accessories [Member]
Revenue	2,011,764	14,222,623	23,951,132	63,960,425
Cost of revenues and related tax		7,683,662	15,039,628	62,115,400
Gross profit		6,538,961	8,911,504	1,845,025
Depreciation and amortization		683,522	1,018,012	1,044,079
Total capital expenditures		0	1,573,896	1,403,083
Equipment and accessories [Member] | Goods transferred at a point in time [Member]
Revenue		14,222,623	23,951,132	63,960,425
Equipment and accessories [Member] | Services rendered over time [Member]
Revenue		0
Oilfield environmental protection [Member]
Revenue	$ 17,568	124,198	14,856,018	1,761,697
Cost of revenues and related tax		212,679	8,123,180	1,410,068
Gross profit		(88,481)	6,732,838	351,629
Depreciation and amortization		827,422	27,239	26,843
Total capital expenditures		3,782,911	4,606,823	10,519,072
Oilfield environmental protection [Member] | Goods transferred at a point in time [Member]
Revenue			0	0
Oilfield environmental protection [Member] | Services rendered over time [Member]
Revenue		¥ 124,198	¥ 14,856,018	¥ 1,761,697

SEGMENT REPORTING - Total asset

SEGMENT REPORTING - Total assets (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)
Assets [Abstract]
Total Assets	$ 27,499,611	¥ 194,414,804	¥ 156,981,554
Automation product and software [Member]
Assets [Abstract]
Total Assets	11,562,437	81,743,307	71,337,589
Equipment and accessories [Member]
Assets [Abstract]
Total Assets	8,710,183	61,578,632	50,800,483
Oilfield environmental protection [Member]
Assets [Abstract]
Total Assets	$ 7,226,991	¥ 51,092,865	¥ 34,843,482

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Jul. 01, 2020USD ($)	Jul. 01, 2020CNY (¥)	Jun. 29, 2020USD ($)	Jun. 01, 2020USD ($)	Jun. 12, 2019CNY (¥)	Jun. 30, 2020USD ($)	Jun. 30, 2020CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 29, 2020CNY (¥)	Jun. 01, 2020CNY (¥)
Subsequent Event [Line Items]
Proceeds from debt						$ 1,346,586	¥ 9,520,000	¥ 2,500,000	¥ 45,000
Bank of Nanjing
Subsequent Event [Line Items]
Face amount of debt			$ 212,172	$ 353,620	¥ 2,500,000					¥ 1,500,000	¥ 2,500,000
Term of debt			1 year	1 year	1 year
Interest rate (as a percent)			4.35%	4.35%	5.655%					4.35%	4.35%
Subsequent event | Bank of Nanjing
Subsequent Event [Line Items]
Proceeds from debt	$ 212,172	¥ 1,500,000