Recon Technology (RCON) 10-Q 16 May 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 31, 2016	May. 16, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	Recon Technology, Ltd
Entity Central Index Key	1,442,620
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Trading Symbol	RCON
Entity Common Stock, Shares Outstanding		5,804,005

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Current assets
Cash	¥ 2,619,943	$ 406,234	¥ 12,344,929
Notes receivable	1,498,710	232,382	4,205,530
Trade accounts receivable, net	50,248,411	7,791,236	52,186,397
Inventories, net	10,436,502	1,618,225	10,845,007
Deferred tax assets	0	0	1,742,098
Total current assets	98,807,579	15,320,551	124,512,236
Property and equipment, net	2,430,926	376,926	2,666,953
Long-term trade accounts receivable, net	484,265	75,087	4,440,665
Long-term other receivable	692,325	107,348	2,729,033
Total Assets	102,415,095	15,879,912	134,348,887
Current liabilities
Short-term bank loans	7,000,000	1,085,381	7,000,000
Trade accounts payable	10,174,308	1,577,571	13,627,088
Trade accounts payable- related parties	0	0	3,528,705
Deferred revenue	304,335	47,188	2,285,529
Advances from customers	386,294	59,897	529,700
Accrued payroll and employees' welfare	328,817	50,985	246,789
Accrued expenses	203,109	31,493	199,166
Taxes payable	804,818	124,791	1,153,216
Deferred tax liability	180,186	27,939	180,186
Total current liabilities	34,513,238	5,351,431	52,080,043
Equity
Common stock, ($ 0.0185 U.S. dollar par value, 100,000,000 shares authorized; 5,427,946 and 5,804,005 shares issued and outstanding as of June 30, 2015 and March 31, 2016, respectively)	741,467	114,968	697,217
Additional paid-in capital	99,055,188	15,358,941	92,541,687
Statutory reserve	4,148,929	643,310	4,148,929
Accumulated deficit	(44,020,117)	(6,825,512)	(23,024,935)
Accumulated other comprehensive loss	(254,151)	(39,407)	(317,551)
Total shareholders’ equity	59,671,316	9,252,300	74,045,347
Non-controlling interest	8,230,541	1,276,181	8,223,497
Total equity	67,901,857	10,528,481	82,268,844
Total Liabilities and Equity	102,415,095	15,879,912	134,348,887
All Other [Member]
Current assets
Other receivables, net	22,358,526	3,466,788	18,064,568
Purchase advances, net	10,425,075	1,616,454	18,622,538
Prepaid expenses	590,412	91,548	826,314
Current liabilities
Other payables	2,923,271	453,266	2,103,057
Related Party [Member]
Current assets
Trade accounts receivable- related parties, net	0	0	4,769,800
Other receivables, net	0	0	91,021
Purchase advances, net	0	0	394,034
Prepaid expenses	630,000	97,684	420,000
Current liabilities
Other payables	3,650,329	566,000	4,309,702
Short-term borrowings - related parties	¥ 8,557,771	$ 1,326,920	¥ 16,916,905

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Mar. 31, 2016	Jun. 30, 2015
Common shares, par value (in dollars per share)	$ 0.0185	$ 0.0185
Common shares, shares authorized	100,000,000	100,000,000
Common shares, shares issued	5,804,005	5,427,946
Common shares, shares outstanding	5,804,005	5,427,946

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS	3 Months Ended			9 Months Ended
	Mar. 31, 2016CNY (¥)¥ / sharesshares	Mar. 31, 2016USD ($)$ / sharesshares	Mar. 31, 2015CNY (¥)¥ / sharesshares	Mar. 31, 2016CNY (¥)¥ / sharesshares	Mar. 31, 2016USD ($)$ / sharesshares	Mar. 31, 2015CNY (¥)¥ / sharesshares
Revenues
Total revenues	¥ 4,539,099	$ 703,807	¥ 20,018,890	¥ 36,975,489	$ 5,733,212	¥ 45,651,862
Cost of revenues
Total cost of revenues	2,839,120	440,218	13,770,051	29,111,166	4,513,814	29,809,778
Gross profit	1,699,979	263,589	6,248,839	7,864,323	1,219,398	15,842,084
Selling and distribution expenses	819,116	127,008	1,109,838	3,443,464	533,924	3,065,098
General and administrative expenses	7,898,857	1,224,752	4,191,030	18,865,639	2,925,200	11,987,761
Research and development expenses	1,228,105	190,423	544,063	5,757,141	892,670	2,444,020
Operating expenses	9,946,078	1,542,183	5,844,931	28,066,244	4,351,794	17,496,879
Income (loss) from operations	(8,246,099)	(1,278,594)	403,908	(20,201,921)	(3,132,396)	(1,654,795)
Other income (expenses)
Subsidy income	164,367	25,486	155,155	289,087	44,824	639,473
Interest income	42,373	6,570	68,233	147,092	22,807	225,701
Interest expense	(198,589)	(30,792)	(339,109)	(672,789)	(104,319)	(808,065)
Change in fair value of warrants liability	0	0	(9,188)	0	0	4,068,329
Income (loss) from foreign currency exchange	(20,830)	(3,230)	1,799	(21,032)	(3,261)	(19,081)
Loss from warrants redemption	0	0	(1,913,262)	0	0	(1,913,262)
Other income	44,323	6,872	35,653	9,153	1,419	112,325
Other income (expense)	31,644	4,906	(2,000,719)	(248,489)	(38,530)	2,305,420
Income (loss) before income tax	(8,214,455)	(1,273,688)	(1,596,811)	(20,450,410)	(3,170,926)	650,625
Provision (benefit) for income tax	1,412,945	219,083	(180,927)	544,772	84,469	468,005
Net Income (loss)	(9,627,400)	(1,492,771)	(1,415,884)	(20,995,182)	(3,255,395)	182,620
Less: Net income attributable to non-controlling interest	0	0	111,398	0	0	546,071
Net Loss attributable to Recon Technology, Ltd	(9,627,400)	(1,492,771)	(1,527,282)	(20,995,182)	(3,255,395)	(363,451)
Comprehensive income (loss)
Net income (loss)	(9,627,400)	(1,492,771)	(1,415,884)	(20,995,182)	(3,255,395)	182,620
Foreign currency translation adjustment	(59,390)	(9,209)	(7,580)	63,400	9,830	(2,854)
Comprehensive income (loss)	(9,686,790)	(1,501,980)	(1,423,464)	(20,931,782)	(3,245,565)	179,766
Less: Comprehensive income attributable to non-controlling interest	(6,599)	(1,023)	111,032	7,044	1,092	545,952
Comprehensive loss attributable to Recon Technology, Ltd	¥ (9,680,191)	$ (1,500,957)	¥ (1,534,496)	¥ (20,938,826)	$ (3,246,657)	¥ (366,186)
Earnings (loss) per common share - basic (in dollars per share) | (per share)	¥ (1.66)	$ (0.26)	¥ (0.32)	¥ (3.75)	$ (0.58)	¥ (0.08)
Earnings (loss) per common share - diluted (in dollars per share) | (per share)	¥ (1.66)	$ (0.26)	¥ (0.32)	¥ (3.75)	$ (0.58)	¥ (0.08)
Weighted - average shares -basic (in shares)	5,804,005	5,804,005	4,839,004	5,603,229	5,603,229	4,773,803
Weighted - average shares -diluted (in shares)	5,804,005	5,804,005	4,839,004	5,603,229	5,603,229	4,773,803
Hardware And Software [Member]
Revenues
Total revenues	¥ 4,539,099	$ 703,807	¥ 18,358,835	¥ 35,877,231	$ 5,562,922	¥ 43,119,915
Cost of revenues
Total cost of revenues	2,839,120	440,218	13,759,652	28,434,196	4,408,847	29,782,617
Hardware And Software [Member] | Related Party [Member]
Revenues
Total revenues	0	0	1,660,055	0	0	2,428,173
Cost of revenues
Total cost of revenues	0	0	10,399	0	0	27,161
Services [Member]
Revenues
Total revenues	0	0	0	1,098,258	170,290	103,774
Cost of revenues
Total cost of revenues	¥ 0	$ 0	¥ 0	¥ 676,970	$ 104,967	¥ 0

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS	9 Months Ended
	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)
Cash flows from operating activities:
Net income (loss)	¥ (20,995,182)	$ (3,255,395)	¥ 182,620
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation	728,092	112,894	369,284
Gain from disposal of equipment	(40,688)	(6,309)	(149,504)
Provision for doubtful accounts	4,334,148	672,029	254,622
Reversal of slow moving inventories	(95,122)	(14,749)	0
Share based compensation	4,134,042	641,001	2,023,761
Deferred tax (benefit) provision	1,742,098	270,120	(50,481)
Change in fair value of warrants liability	0	0	(4,068,329)
Restricted shares issued for services	1,871,722	290,219	1,204,903
Loss from warrants redemption	0	0	1,913,262
Changes in operating assets and liabilities:
Notes receivable	2,706,820	419,704	(400,000)
Trade accounts receivable	5,705,680	884,691	(29,115,292)
Inventories	503,627	78,090	(4,791,259)
Purchase advance, net	4,361,022	676,196	1,797,628
Deferred revenue	(1,981,194)	(307,193)	(1,643,339)
Advances from customers	(143,406)	(22,236)	(405,785)
Accrued payroll and employees' welfare	82,028	12,719	(108,066)
Accrued expenses	67,803	10,513	185,433
Taxes payable	(357,116)	(55,372)	(689,453)
Net cash used in operating activities	(1,288,043)	(199,714)	(16,219,350)
Cash flows from investing activities:
Purchase of property and equipment	(502,658)	(77,939)	(514,009)
Proceeds from disposal of equipment	60,000	9,303	356,247
Net cash used in investing activities	(442,658)	(68,636)	(157,762)
Cash flows from financing activities:
Proceeds from short-term bank loans	500,000	77,527	0
Repayments of short-term bank loans	(500,000)	(77,527)	(2,000,000)
Proceeds from sale of common stock, net of issuance costs	168,319	26,098	0
Net cash provided by (used in) financing activities	(8,054,675)	(1,248,913)	3,000,000
Effect of exchange rate fluctuation on cash and cash equivalents	60,390	9,362	(51,605)
Net decrease in cash	(9,724,986)	(1,507,901)	(13,428,717)
Cash at beginning of period	12,344,929	1,914,135	18,094,586
Cash at end of period	2,619,943	406,234	4,665,869
Supplemental cash flow information
Cash paid during the period for interest	672,789	104,319	808,065
Cash paid during the period for taxes	142,477	22,092	616,225
Non-cash investing and financing activities
Issuance of common stock to prepay professional services	2,265,442	351,267	1,002,721
Non-cash transaction for AR and short-term borrowings-related parties offset	200,000	31,011	0
All Other [Member]
Changes in operating assets and liabilities:
Other receivable, net	(2,566,250)	(397,908)	(7,022,533)
Prepaid expense	629,622	97,626	(1,565,998)
Trade accounts payable	(6,981,485)	(1,082,510)	6,042,777
Other payables	820,214	127,178	(566,064)
Related Party [Member]
Changes in operating assets and liabilities:
Trade accounts receivable	4,569,800	708,568	18,681,051
Other receivable, net	91,021	14,113	1,414,433
Purchase advance, net	394,034	61,097	0
Prepaid expense	(210,000)	(32,561)	(132,400)
Other payables	(659,373)	(102,239)	419,379
Cash flows from financing activities:
Proceeds from short-term borrowings	8,525,400	1,321,901	12,550,000
Repayment of short-term borrowings	¥ (16,748,394)	$ (2,596,912)	¥ (7,550,000)

ORGANIZATION AND NATURE OF OPER

ORGANIZATION AND NATURE OF OPERATIONS	9 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS Organization The Company, along with its wholly-owned subsidiaries, Recon Technology Co., Limited (“Recon HK”), Jining Recon Technology Ltd. (“Recon JN”), Recon Investment Ltd. (“Recon IN”) and Recon Hengda Technology (Beijing) Co., Ltd. (“Recon BJ”), conducts its business through the following PRC legal entities that are consolidated as variable interest entities (“VIEs”) and operate in the Chinese oilfield equipment & service industry: 1. Beijing BHD Petroleum Technology Co., Ltd. (“BHD”), 2. Nanjing Recon Technology Co., Ltd. (“Nanjing Recon”), and 3. Huanghua BHD Petroleum equipment manufacturing Company, Ltd (“Hanghua BHD”). On January 29, 2015, the Company increased its authorized shares from 25,000,000 100,000,000 Nature of Operations High-Efficiency Heating Furnaces Multi-Purpose Fissure Shaper Horizontal Multistage Fracturing related Service Supervisory Control and Data Acquisition System (“SCADA”) -

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2. SIGNIFICANT ACCOUNTING POLICIES 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. The translation has been made at the rate of ¥6.4494 = US$1.00, the approximate exchange rate prevailing on March 31, 2016. 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. 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, short-term bank loan and short-term borrowings approximate fair value because of the immediate or short-term maturity of these financial instruments. It was impracticable to estimate the fair value of long-term other receivables, because this is due from the Company’s former VIE and there are no comparable markets for receivables with similar terms. Long-term investment is measured at fair value which was determined to be zero during the nine months ended March 31, 2016 using level 1 inputs. (See Note 8.) The fair value of the warrants liability was determined using the Black-Scholes Model, as Level 2 inputs (See Note 13). Items Useful life Motor vehicles 5 10 Office equipment 2 5 Leasehold improvement 5 Hardware: Revenue from hardware sales is generally recognized when the product is shipped to the customer and when there are no unfulfilled company obligations that affect the customer’s final acceptance of the arrangement. Software: The Company sells self-developed software. For software sales, the Company recognizes revenues in accordance with ASC Topic 985 - 605 “Software Revenue Recognition.” Revenue from software is recognized according to project contracts. Contract costs are accumulated during the periods of installation and testing or commissioning. Usually this is short term. Revenue is not recognized until completion of the contracts and receipt of acceptance statements. Service: The Company provides services to improve software function and system operation on separated fixed-price contracts. Revenue is recognized on the completed contract method when acceptance is determined by a completion report signed by the customer. Deferred revenue represents unearned amounts billed to customers related to sales contracts. Under ASC Topic 740, 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. Income tax returns for the year prior to 2010 are no longer subject to examination by tax authorities. 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 we incurred a net loss during the three months and nine months ended March 31, 2015 and 2016. In January 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The new guidance makes targeted improvements to existing U.S. GAAP by: (1) Requiring equity investments to be measured at fair value with changes in fair value recognized in net income; (2) Requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements; (3) Eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and. (4) Requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk. The new guidance is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company does not expect this update will have a material impact on the presentation of the Company's consolidated financial position, results of operations and cash flows. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which supersedes the existing guidance for lease accounting, Leases (Topic 840). ASU 2016-02 requires lessees to recognize leases on their balance sheets, and leaves lessor accounting largely unchanged. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early application is permitted for all entities. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. The Company is currently evaluating the impact of this new standard on its consolidated financial statements. In March 2016, the FASB issued Accounting Standards Update No. 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments. The amendments apply to all entities that are issuers of or investors in debt instruments (or hybrid financial instruments that are determined to have a debt host) with embedded call (put) options. The amendments clarify what steps are required when assessing whether the economic characteristics and risks of call (put) options are clearly and closely related to the economic characteristics and risks of their debt hosts, which is one of the criteria for bifurcating an embedded derivative. Consequently, when a call (put) option is contingently exercisable, an entity does not have to assess whether the event that triggers the ability to exercise a call (put) option is related to interest rates or credit risks. Public business entities must apply the new requirements for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years. All other entities must apply the new requirements for fiscal years beginning after December 15, 2017 and interim periods within fiscal years beginning after December 15, 2018. All entities have the option of adopting the new requirements early, including adoption in an interim period. If an entity early adopts the new requirements in an interim period, it must reflect any adjustments as of the beginning of the fiscal year that includes that interim period. The Company does not expect any material impact of this new standard on its consolidated financial statements. In March 2016, the FASB issued Accounting Standards Update No. 2016-07, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting. The amendments affect all entities that have an investment that becomes qualified for the equity method of accounting as a result of an increase in the level of ownership interest or degree of influence. The amendments eliminate the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. The amendments require that an entity that has an available-for-sale equity security that becomes qualified for the equity method of accounting recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Earlier application is permitted. The Company is currently evaluating the impact of this new standard on its consolidated financial statements. In April 2016, the FASB released ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In April 2016, FASB issued Accounting Standards Update No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing (a) (b)

TRADE ACCOUNTS RECEIVABLE, NET

TRADE ACCOUNTS RECEIVABLE, NET	9 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 3. TRADE ACCOUNTS RECEIVABLE, NET June 30, 2015 March 31, 2016 March 31, 2016 Third Party RMB RMB U.S. Dollars Trade accounts receivable ¥ 58,049,462 ¥ 53,547,142 $ 8,302,719 Allowance for doubtful accounts (5,863,065) (3,298,731) (511,483) Total - third- party, net ¥ 52,186,397 ¥ 50,248,411 $ 7,791,236 June 30, 2015 March 31, 2016 March 31, 2016 Related Party RMB RMB U.S. Dollars Beijing Langchen Construction Company ¥ 726,800 ¥ - $ - Xiamen Huangsheng Hitek Computer Network Co.Ltd. 980,000 - - Xiamen Henda Hitek Computer Network Co. Ltd. 3,063,000 - - Total - related-parties, net ¥ 4,769,800 ¥ - $ - June 30, 2015 March 31, 2016 March 31, 2016 Third Party – long-term RMB RMB U.S. Dollars Beijing Yabei Nuoda Science and Technology Co. Ltd. * ¥ 4,934,072 ¥ 538,072 $ 83,430 Allowance for doubtful accounts (493,407) (53,807) (8,343) Total - long-term trade accounts receivable, net ¥ 4,440,665 ¥ 484,265 $ 75,087 *The receivable from Yabei Nuoda was recognized primarily from the sale of automation system and services based on written contracts. Based on the repayment agreement signed on September 2, 2015, the outstanding balance was to be collected in two years beginning in 2017, with each installment of ¥ 2,467,036 380,000

OTHER RECEIVABLES, NET

OTHER RECEIVABLES, NET	9 Months Ended
	Mar. 31, 2016
Other Receivables [Abstract]
Other Receivables Disclosure [Text Block]	NOTE 4. OTHER RECEIVABLES, NET Third Party June 30, 2015 March 31, 2016 March 31, 2016 Current Portion RMB RMB U.S. Dollars Due from ENI (A) ¥ 2,624,071 ¥ 3,401,553 $ 527,426 Loans to third parties (B) 11,154,344 13,198,344 2,046,461 Business advance to staff (C) 3,927,238 5,823,723 902,994 Deposits for projects 543,800 882,607 136,852 Others 637,348 183,532 28,458 Allowance for doubtful accounts (822,233) (1,131,233) (175,403) Total ¥ 18,064,568 ¥ 22,358,526 $ 3,466,788 Provision for other receivables were ¥ 93,500 309,000 47,912 Third Party June 30, 2015 March 31, 2016 March 31, 2016 Non-Current Portion RMB RMB U.S. Dollars Due from ENI (A) ¥ 2,729,033 ¥ 692,325 $ 107,348 Total ¥ 2,729,033 ¥ 692,325 $ 107,348 (A) After ENI ceased to be a VIE of the Company, ENI in January 2012 agreed to repay the loan on a payment schedule, with interest accrued during the period at an annual rate of 4 1.2 4.8 1,777,653 699,147 (B) Loans to third-parties are mainly used for short-term funding to support the Company’s external business partners. These loans are due on demand bearing no interest. (C) Business advance to staff represents advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance.

PURCHASE ADVANCES

PURCHASE ADVANCES	9 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets Disclosure [Text Block]	NOTE 5. PURCHASE ADVANCES June 30, 2015 March 31, 2016 March 31, 2016 Third Party RMB RMB U.S. Dollars Prepayment for inventory purchase ¥ 22,845,030 ¥ 18,484,007 $ 2,866,026 Allowance for doubtful accounts (4,222,492) (8,058,932) (1,249,572) Total ¥ 18,622,538 ¥ 10,425,075 $ 1,616,454 Provision for purchase advances were ¥88,678 and ¥3,836,441 ($594,857) for the nine months ended March 31, 2015 and 2016, respectively.

INVENTORIES

INVENTORIES	9 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	NOTE 6. INVENTORIES June 30, 2015 March 31, March 31, RMB RMB U.S. Dollars Small component parts ¥ 55,332 ¥ 55,332 $ 8,579 Purchased goods and raw materials 244,667 55,604 8,622 Work in process and goods on site 3,552,771 2,707,760 419,850 Finished goods 14,693,073 10,492,574 1,626,920 Allowance for slow moving inventory (7,700,836) (2,874,768) (445,746) Total inventories, net ¥ 10,845,007 ¥ 10,436,502 $ 1,618,225 The reversal of slow moving inventory was nil and ¥ 95,122 14,749

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 7. PROPERTY AND EQUIPMENT, NET June 30, 2015 March 31, 2016 March 31, 2016 RMB RMB U.S. Dollars Motor vehicles ¥ 3,790,474 ¥ 3,871,567 $ 600,303 Office equipment and fixtures 797,791 825,996 128,074 Leasehold improvement - 214,487 33,257 Total property and equipment 4,588,265 4,912,050 761,634 Less: Accumulated depreciation (1,921,312) (2,481,124) (384,708) Property and equipment, net ¥ 2,666,953 ¥ 2,430,926 $ 376,926 Depreciation expense was ¥ 94,773 232,022 35,976 Depreciation expense was ¥ 369,284 728,092 112,894

LONG-TERM INVESTMENT

LONG-TERM INVESTMENT	9 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	NOTE 8. LONG-TERM INVESTMENT On June 28, 2013, the Company purchased 2,800,000 0.089 1.5 250,000 50 16.92 15.39 1,535,250 250,000 On April 13, 2015, BHD reached an agreement to invest RMB 80 54.05

OTHER PAYABLES

OTHER PAYABLES	9 Months Ended
	Mar. 31, 2016
Other Liabilities Disclosure [Abstract]
Other Liabilities Disclosure [Text Block]	NOTE 9. OTHER PAYABLES June 30, 2015 March 31, 2016 March 31, 2016 Third Party RMB RMB U.S. Dollars Consulting services ¥ 1,628,508 ¥ 1,374,702 $ 213,154 Distributors and employees 413,703 525,508 81,482 Funds collected on behalf of others - 895,022 138,777 Others 60,846 128,039 19,853 Total ¥ 2,103,057 ¥ 2,923,271 $ 453,266 June 30, 2015 March 31, 2016 March 31, 2016 Related Party RMB RMB U.S. Dollars Due to related parties ¥ 2,499,347 ¥ - $ - Expenses paid by the major shareholders 1,558,738 2,764,390 428,631 Due to family member of one owner - 630,000 97,684 Due to management staff for costs incurred on behalf of Recon 251,617 255,939 39,685 Total ¥ 4,309,702 ¥ 3,650,329 566,000

TAXES PAYABLE

TAXES PAYABLE	9 Months Ended
	Mar. 31, 2016
Taxes Payable [Abstract]
Taxes Payable Disclosure [Text Block]	NOTE 10. TAXES PAYABLE Taxes payable consisted of the following: June 30, 2015 March 31, 2016 March 31, 2016 RMB RMB U.S. Dollars VAT payable ¥ 23,885 ¥ 804,814 $ 124,790 Enterprise income tax payable 1,127,131 - - Other taxes payable 2,200 4 1 Total taxes payable ¥ 1,153,216 ¥ 804,818 $ 124,791

SHORT-TERM BANK LOANS

SHORT-TERM BANK LOANS	9 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Short Term Bank Loan [Text Block]	Short-term bank loans consisted of the following: June 30, 2015 March 31, 2016 March 31, 2016 RMB RMB U.S. Dollars Industrial and Commercial Bank, floating interest rate at 6.12 %, due on June 19, 2016 ¥ 7,000,000 ¥ 6,500,000 1,007,854 Industrial and Commercial Bank, floating interest rate at 5.37 %, due on July 19, 2016 - 500,000 77,527 Total short-term bank loans ¥ 7,000,000 ¥ 7,000,000 $ 1,085,381 Interest expense for the short-term bank loans was ¥ 162,000 108,239 16,783 Interest expense for the short-term bank loans was ¥ 400,178 322,888 50,065

SHORT-TERM BORROWINGS DUE TO RE

SHORT-TERM BORROWINGS DUE TO RELATED PARTIES	9 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	NOTE 12. SHORT-TERM BORROWINGS DUE TO RELATED PARTIES June 30, 2015 March 31, 2016 March 31, 2016 Short-term borrowings due to related parties: RMB RMB U.S. Dollars Short-term borrowing from a Founder, 7.2% annual interest, due on October 20, 2015 ¥ 6,013,200 ¥ - $ - Short-term borrowing from a Founder, 6.06% annual interest, due on October 2, 2015 3,403,431 - - Short-term borrowing from a Founder, 5.13% annual interest, due on October 12, 2015 1,600,274 - - Short-term borrowing from a Founder's family member, no interest, due on various dates 5,700,000 - - Short-term borrowing from a Founder, 5.75% annual interest, due on September 25, 2016 - 1,808,913 280,480 Short-term borrowings from Xiamen Huasheng Haitian Computer Network Co. Ltd., no interest, due on November 14, 2015 200,000 - - Short-term borrowing from a Founder, 5.75% annual interest, due on October 10, 2016 - 2,408,434 373,438 Short-term borrowing from a Founder, 5.43% annual interest, due on November 4, 2016 - 1,807,228 280,219 Short-term borrowing from a Founder, 5.22% annual interest, due on March 10, 2017 ¥ - ¥ 2,533,196 392,783 Total short-term borrowings due to related parties ¥ 16,916,905 ¥ 8,557,771 $ 1,326,920 Interest expense for short-term borrowings due to related parties was ¥ 177,109 92,382 14,324 Interest expense for short-term borrowings due to related parties was ¥ 407,887 349,901 54,254

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Mar. 31, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 13. SHAREHOLDERS’ EQUITY Stock offering – During the nine months ended March 31, 2016, the Company offered 15,874 168,319 26,098 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 50 4,148,929 4,148,929 643,310

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Mar. 31, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 14. STOCK-BASED COMPENSATION Stock-Based Awards Plan Outstanding Options Exercisable Options Average Exercise Price Number Average Remaining Contractual life (Years) Average Exercise Price Number Average Remaining Contractual life (Years) $ 6.00 193,000 3.33 $ 6.00 193,000 3.33 $ 2.96 222,600 5.99 $ 2.96 74,200 5.99 $ 1.65 400,000 8.84 - - - 815,600 Restricted Shares As of March 31, 2016, the Company has granted restricted shares of common stock, which are still vesting, to senior management and consultants. During the nine months ended March 31, 2016, the following grants were made: • On October 18, 2015, the Company agreed to issue a total of 800,000 704,000 0.88 • On November 16, 2015, the Company agreed to issue a total of 100,000 108,400 1.08 • On November 19, 2015, the Company issued 260,185 247,176 0.95 The Share-based compensation expense recorded for stock options granted were ¥ 797,016 1,564,094 242,519 387,598 534,277 82,842 3.3 0.51 1.66 The Share-based compensation expense recorded for restricted shares granted were ¥ 1,226,745 2,569,948 398,482 521,133 1,026,192 159,116 6.9 1.1 2.07 Restricted stock grants Shares Non-vested as of June 30, 2015 453,575 Granted 1,160,185 Non-vested adjustment - Cancelled - Vested 76,787 Non-vested as of March 31, 2016 1,536,973

INCOME TAX

INCOME TAX	9 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 15. 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 on December 11, 2013 and is subject to a reduced income tax rate of 15 15 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 June 30, 2015 March 31, 2016 March 31, 2016 RMB RMB U.S.Dollars Allowance for doubtful receivables ¥ 1,072,279 ¥ - $ - Net operating loss carry forward 669,819 - - Total deferred income tax assets ¥ 1,742,098 ¥ - $ - Deferred tax liability is comprised of the following: June 30, 2015 March 31, 2016 March 31, 2016 RMB RMB U.S. Dollars Income tax cost due to unpayable accounts ¥ 180,186 ¥ 180,186 $ 27,939 Total deferred income tax liability ¥ 180,186 ¥ 180,186 $ 27,939 For the three months ended March 31, 2015 2016 2016 RMB RMB U.S. Dollars Current income tax benefit ¥ (158,423) ¥ - $ - Adjust over accrued income taxes - (141,339) (21,915) Deferred income taxes provision (benefit) (22,504) 1,554,284 240,998 Provision (benefit) for income tax ¥ (180,927) ¥ 1,412,945 $ 219,083 For the nine months ended March 31, 2015 2016 2016 RMB RMB U.S. Dollars Current income tax provision ¥ 518,486 ¥ - $ - Adjust over accrued tax of prior years - (1,197,326) (185,651) Deferred income taxes provision (benefit) (50,481) 1,742,098 270,120 Provision (benefit) for income tax ¥ 468,005 ¥ 544,772 $ 84,469

NON-CONTROLLING INTEREST

NON-CONTROLLING INTEREST	9 Months Ended
	Mar. 31, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest Disclosure [Text Block]	NOTE 16. NON-CONTROLLING INTEREST As of June 30, 2015 Nanjing BHD Recon Total Total RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 1,851,000 $ 304,001 Unappropriated retained earnings 3,152,687 3,250,513 6,403,200 1,051,636 Accumulated other comprehensive loss (18,850) (11,853) (30,703) (5,043) Total noncom-trolling interest ¥ 4,784,837 ¥ 3,438,660 ¥ 8,223,497 $ 1,350,594 As of March 31, 2016 Nanjing BHD Recon Total Total RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 1,851,000 $ 287,006 Unappropriated retained earnings 3,152,687 3,250,513 6,403,200 992,844 Accumulated other comprehensive loss (15,382) (8,277) (23,659) (3,669) Total non-controlling interest ¥ 4,788,305 ¥ 3,442,236 ¥ 8,230,541 $ 1,276,181

CONCENTRATIONS

CONCENTRATIONS	9 Months Ended
	Mar. 31, 2016
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	NOTE 17. CONCENTRATIONS For the three months ended March 31, 2015 and 2016, the one largest customer, China National Petroleum Corporation (“CNPC”), represented approximately 29.65 71.17 For the nine months ended March 31, 2015 and 2016, the two largest customers, China National Petroleum Corporation (“CNPC”) and China Petroleum & Chemical Corporation Limited (“SINOPEC”), represented approximately 44.89 7.70 74.21 10.19 For the three months ended March 31, 2015, one major supplier accounted for 56 36 For the nine months ended March 31, 2015, one major supplier accounted for 21 50

COMMITMENTS AND CONTINGENCY

COMMITMENTS AND CONTINGENCY	9 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 18. COMMITMENTS AND CONTINGENCY (a) Office Leases Twelve months ending March 31, Office lease payment RMB U.S. Dollars 2017 ¥ 2,107,000 $ 326,699 Total ¥ 2,107,000 $ 326,699 (b) 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 March 31, 2016, the Company estimated its severance payments of approximately ¥ 1.6 0.25

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	9 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 19. RELATED PARTY TRANSACTIONS AND BALANCES For the nine months ended March 31, 2015 2016 2016 RMB RMB U.S. Dollars Huanghua Xiang Tong Manufacture ¥ - ¥ 338,862 $ 52,542 Xiamen Huangsheng Hitek Computer Network Co.Ltd. 797,585 588,894 91,311 Purchase from related parties ¥ 797,585 ¥ 927,756 $ 143,853 Account payable due to related parties - The Company purchased automation products and heating furnaces from Xiamen Huangsheng Hitek Computer Network Co.Ltd (Huangsheng Hitek) and Huanghua Xiang Tong, the ending balance of accounts payable due to Huangsheng Hitek as of March 31, 2016 and June 30, 2015 were both nil. On March 18, 2016, the Company terminated its equity investment in Huanghua Xiang Tong and therefore has no related-party relationship with this entity after March 18, 2016. 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 ¥ 140 1.68 0.26 Short-term borrowings from related parties - The Company borrowed ¥ 16,916,905 8,557,771 1,326,920 Expenses paid by the owner on behalf of Recon - One owner of Nanjing Recon, Mr. Yin and the major owner of BHD, Mr. Chen paid certain operating expenses for the Company. As of June 30, 2015 and March 31, 2016, ¥ 1,558,738 2,764,390 428,631

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	9 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Disclosure Of Variable Interest Entities [Text Block]	NOTE 20. Variable Interest Entities The Company reports its VIEs’ portion of unaudited condensed consolidated net income and stockholders’ equity as non-controlling interests in the unaudited condensed consolidated financial statements. March 31, March 31, June 30, 2015 2016 2016 RMB RMB U.S. Dollars ASSETS Current Assets Cash ¥ 7,096,901 ¥ 1,070,064 $ 165,918 Notes receivable 4,205,530 1,498,710 232,382 Trade accounts receivable, net 56,956,197 50,248,411 7,791,236 Purchase advances 19,016,573 10,425,075 1,616,454 Other assets 28,792,279 30,093,454 4,666,122 Total current assets ¥ 116,067,480 ¥ 93,335,714 $ 14,472,112 Non-current assets 7,088,383 2,899,206 449,535 Total Assets ¥ 123,155,863 ¥ 96,234,920 $ 14,921,647 LIABILITIES Trade accounts payable ¥ 17,155,793 ¥ 10,174,308 $ 1,577,571 Taxes payable 1,153,216 804,819 124,791 Other liabilities 31,386,734 21,277,049 3,299,100 Total current liabilities 49,695,743 32,256,176 5,001,462 Total Liabilities ¥ 49,695,743 ¥ 32,256,176 $ 5,001,462 The financial performance of VIEs reported in the unaudited condensed consolidated statement of operations and comprehensive income for the three months ended March 31, 2016 includes revenues of ¥ 4,539,099 703,807 4,780,316 741,209 4,478,185 694,362 The financial performance of VIEs reported in the unaudited condensed consolidated statement of operations and comprehensive income for the nine months ended March 31, 2016 includes revenues of ¥ 36,975,489 5,733,212 16,546,759 2,565,648 9,578,364 1,485,167

SIGNIFICANT ACCOUNTING POLICI26

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of presentation -
Consolidation, Policy [Policy Text Block]	Principles of Consolidation –
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	Variable Interest Entities - 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.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Currency Translation - The translation has been made at the rate of ¥6.4494 = US$1.00, the approximate exchange rate prevailing on March 31, 2016.
Use of Estimates, Policy [Policy Text Block]	Estimates and assumptions -
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Values of Financial Instruments - 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. 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, short-term bank loan and short-term borrowings approximate fair value because of the immediate or short-term maturity of these financial instruments. It was impracticable to estimate the fair value of long-term other receivables, because this is due from the Company’s former VIE and there are no comparable markets for receivables with similar terms. Long-term investment is measured at fair value which was determined to be zero during the nine months ended March 31, 2016 using level 1 inputs. (See Note 8.) The fair value of the warrants liability was determined using the Black-Scholes Model, as Level 2 inputs (See Note 13).
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Trade Accounts and Other Receivables
Purchase Advances [Policy Text Block]	Purchase Advances
Inventory, Policy [Policy Text Block]	Inventories
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Items Useful life Motor vehicles 5 10 Office equipment 2 5 Leasehold improvement 5
Equity Method Investments, Policy [Policy Text Block]	Long-term investment –
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Assets
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Hardware: Revenue from hardware sales is generally recognized when the product is shipped to the customer and when there are no unfulfilled company obligations that affect the customer’s final acceptance of the arrangement. Software: The Company sells self-developed software. For software sales, the Company recognizes revenues in accordance with ASC Topic 985 - 605 “Software Revenue Recognition.” Revenue from software is recognized according to project contracts. Contract costs are accumulated during the periods of installation and testing or commissioning. Usually this is short term. Revenue is not recognized until completion of the contracts and receipt of acceptance statements. Service: The Company provides services to improve software function and system operation on separated fixed-price contracts. Revenue is recognized on the completed contract method when acceptance is determined by a completion report signed by the customer. Deferred revenue represents unearned amounts billed to customers related to sales contracts.
Subsidy Income [Policy Text Block]	Subsidy Income
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Share-Based Compensation -
Income Tax, Policy [Policy Text Block]	Income Taxes Under ASC Topic 740, 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. Income tax returns for the year prior to 2010 are no longer subject to examination by tax authorities.
Earnings Per Share, Policy [Policy Text Block]	Earnings (loss) per Share (“EPS”) 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 we incurred a net loss during the three months and nine months ended March 31, 2015 and 2016.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements - In January 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The new guidance makes targeted improvements to existing U.S. GAAP by: (1) Requiring equity investments to be measured at fair value with changes in fair value recognized in net income; (2) Requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements; (3) Eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and. (4) Requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk. The new guidance is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company does not expect this update will have a material impact on the presentation of the Company's consolidated financial position, results of operations and cash flows. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which supersedes the existing guidance for lease accounting, Leases (Topic 840). ASU 2016-02 requires lessees to recognize leases on their balance sheets, and leaves lessor accounting largely unchanged. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early application is permitted for all entities. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. The Company is currently evaluating the impact of this new standard on its consolidated financial statements. In March 2016, the FASB issued Accounting Standards Update No. 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments. The amendments apply to all entities that are issuers of or investors in debt instruments (or hybrid financial instruments that are determined to have a debt host) with embedded call (put) options. The amendments clarify what steps are required when assessing whether the economic characteristics and risks of call (put) options are clearly and closely related to the economic characteristics and risks of their debt hosts, which is one of the criteria for bifurcating an embedded derivative. Consequently, when a call (put) option is contingently exercisable, an entity does not have to assess whether the event that triggers the ability to exercise a call (put) option is related to interest rates or credit risks. Public business entities must apply the new requirements for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years. All other entities must apply the new requirements for fiscal years beginning after December 15, 2017 and interim periods within fiscal years beginning after December 15, 2018. All entities have the option of adopting the new requirements early, including adoption in an interim period. If an entity early adopts the new requirements in an interim period, it must reflect any adjustments as of the beginning of the fiscal year that includes that interim period. The Company does not expect any material impact of this new standard on its consolidated financial statements. In March 2016, the FASB issued Accounting Standards Update No. 2016-07, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting. The amendments affect all entities that have an investment that becomes qualified for the equity method of accounting as a result of an increase in the level of ownership interest or degree of influence. The amendments eliminate the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. The amendments require that an entity that has an available-for-sale equity security that becomes qualified for the equity method of accounting recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Earlier application is permitted. The Company is currently evaluating the impact of this new standard on its consolidated financial statements. In April 2016, the FASB released ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In April 2016, FASB issued Accounting Standards Update No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing (a) (b)

TRADE ACCOUNTS RECEIVABLE, NET

TRADE ACCOUNTS RECEIVABLE, NET (Tables)	9 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule Of Accounts Receivable Third Party [Table Text Block]	Accounts receivable consisted of the following: June 30, 2015 March 31, 2016 March 31, 2016 Third Party RMB RMB U.S. Dollars Trade accounts receivable ¥ 58,049,462 ¥ 53,547,142 $ 8,302,719 Allowance for doubtful accounts (5,863,065) (3,298,731) (511,483) Total - third- party, net ¥ 52,186,397 ¥ 50,248,411 $ 7,791,236 June 30, 2015 March 31, 2016 March 31, 2016 Third Party – long-term RMB RMB U.S. Dollars Beijing Yabei Nuoda Science and Technology Co. Ltd. * ¥ 4,934,072 ¥ 538,072 $ 83,430 Allowance for doubtful accounts (493,407) (53,807) (8,343) Total - long-term trade accounts receivable, net ¥ 4,440,665 ¥ 484,265 $ 75,087 *The receivable from Yabei Nuoda was recognized primarily from the sale of automation system and services based on written contracts. Based on the repayment agreement signed on September 2, 2015, the outstanding balance was to be collected in two years beginning in 2017, with each installment of ¥ 2,467,036 380,000
Schedule Of Accounts Receivable Related Party [Table Text Block]	June 30, 2015 March 31, 2016 March 31, 2016 Related Party RMB RMB U.S. Dollars Beijing Langchen Construction Company ¥ 726,800 ¥ - $ - Xiamen Huangsheng Hitek Computer Network Co.Ltd. 980,000 - - Xiamen Henda Hitek Computer Network Co. Ltd. 3,063,000 - - Total - related-parties, net ¥ 4,769,800 ¥ - $ -

OTHER RECEIVABLES, NET (Tables)

OTHER RECEIVABLES, NET (Tables)	9 Months Ended
	Mar. 31, 2016
Other Receivables [Abstract]
Schedule Of Other Receivables [Table Text Block]	Other receivables consisted of the following: Third Party June 30, 2015 March 31, 2016 March 31, 2016 Current Portion RMB RMB U.S. Dollars Due from ENI (A) ¥ 2,624,071 ¥ 3,401,553 $ 527,426 Loans to third parties (B) 11,154,344 13,198,344 2,046,461 Business advance to staff (C) 3,927,238 5,823,723 902,994 Deposits for projects 543,800 882,607 136,852 Others 637,348 183,532 28,458 Allowance for doubtful accounts (822,233) (1,131,233) (175,403) Total ¥ 18,064,568 ¥ 22,358,526 $ 3,466,788 June 30, 2015 March 31, 2016 March 31, 2016 Non-Current Portion RMB RMB U.S. Dollars Due from ENI (A) ¥ 2,729,033 ¥ 692,325 $ 107,348 Total ¥ 2,729,033 ¥ 692,325 $ 107,348 (A) After ENI ceased to be a VIE of the Company, ENI in January 2012 agreed to repay the loan on a payment schedule, with interest accrued during the period at an annual rate of 4 1.2 4.8 1,777,653 699,147 (B) Loans to third-parties are mainly used for short-term funding to support the Company’s external business partners. These loans are due on demand bearing no interest. (C) Business advance to staff represents advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance.

PURCHASE ADVANCES (Tables)

PURCHASE ADVANCES (Tables)	9 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule Of Purchase Advances [Table Text Block]	The Company purchased products and services from a third party and a related party during the normal course of business. Purchase advances consisted of the following: June 30, 2015 March 31, 2016 March 31, 2016 Third Party RMB RMB U.S. Dollars Prepayment for inventory purchase ¥ 22,845,030 ¥ 18,484,007 $ 2,866,026 Allowance for doubtful accounts (4,222,492) (8,058,932) (1,249,572) Total ¥ 18,622,538 ¥ 10,425,075 $ 1,616,454

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consisted of the following: June 30, 2015 March 31, March 31, RMB RMB U.S. Dollars Small component parts ¥ 55,332 ¥ 55,332 $ 8,579 Purchased goods and raw materials 244,667 55,604 8,622 Work in process and goods on site 3,552,771 2,707,760 419,850 Finished goods 14,693,073 10,492,574 1,626,920 Allowance for slow moving inventory (7,700,836) (2,874,768) (445,746) Total inventories, net ¥ 10,845,007 ¥ 10,436,502 $ 1,618,225

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property and equipment consisted of the following: June 30, 2015 March 31, 2016 March 31, 2016 RMB RMB U.S. Dollars Motor vehicles ¥ 3,790,474 ¥ 3,871,567 $ 600,303 Office equipment and fixtures 797,791 825,996 128,074 Leasehold improvement - 214,487 33,257 Total property and equipment 4,588,265 4,912,050 761,634 Less: Accumulated depreciation (1,921,312) (2,481,124) (384,708) Property and equipment, net ¥ 2,666,953 ¥ 2,430,926 $ 376,926

OTHER PAYABLES (Tables)

OTHER PAYABLES (Tables)	9 Months Ended
	Mar. 31, 2016
Other Liabilities Disclosure [Abstract]
Schedule Of Other Payables [Table Text Block]	Other payables consisted of the following: June 30, 2015 March 31, 2016 March 31, 2016 Third Party RMB RMB U.S. Dollars Consulting services ¥ 1,628,508 ¥ 1,374,702 $ 213,154 Distributors and employees 413,703 525,508 81,482 Funds collected on behalf of others - 895,022 138,777 Others 60,846 128,039 19,853 Total ¥ 2,103,057 ¥ 2,923,271 $ 453,266
Schedule Of Other Payables Related Party [Table Text Block]	June 30, 2015 March 31, 2016 March 31, 2016 Related Party RMB RMB U.S. Dollars Due to related parties ¥ 2,499,347 ¥ - $ - Expenses paid by the major shareholders 1,558,738 2,764,390 428,631 Due to family member of one owner - 630,000 97,684 Due to management staff for costs incurred on behalf of Recon 251,617 255,939 39,685 Total ¥ 4,309,702 ¥ 3,650,329 566,000

TAXES PAYABLE (Tables)

TAXES PAYABLE (Tables)	9 Months Ended
	Mar. 31, 2016
Taxes Payable [Abstract]
Taxes Payable [Table Text Block]	Taxes payable consisted of the following: June 30, 2015 March 31, 2016 March 31, 2016 RMB RMB U.S. Dollars VAT payable ¥ 23,885 ¥ 804,814 $ 124,790 Enterprise income tax payable 1,127,131 - - Other taxes payable 2,200 4 1 Total taxes payable ¥ 1,153,216 ¥ 804,818 $ 124,791

SHORT-TERM BANK LOANS (Tables)

SHORT-TERM BANK LOANS (Tables)	9 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule Of Short Term Bank Loan [Table Text Block]	Short-term bank loans consisted of the following: June 30, 2015 March 31, 2016 March 31, 2016 RMB RMB U.S. Dollars Industrial and Commercial Bank, floating interest rate at 6.12 %, due on June 19, 2016 ¥ 7,000,000 ¥ 6,500,000 1,007,854 Industrial and Commercial Bank, floating interest rate at 5.37 %, due on July 19, 2016 - 500,000 77,527 Total short-term bank loans ¥ 7,000,000 ¥ 7,000,000 $ 1,085,381

SHORT-TERM BORROWINGS DUE TO 35

SHORT-TERM BORROWINGS DUE TO RELATED PARTIES (Tables)	9 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Short-term Debt [Table Text Block]	June 30, 2015 March 31, 2016 March 31, 2016 Short-term borrowings due to related parties: RMB RMB U.S. Dollars Short-term borrowing from a Founder, 7.2% annual interest, due on October 20, 2015 ¥ 6,013,200 ¥ - $ - Short-term borrowing from a Founder, 6.06% annual interest, due on October 2, 2015 3,403,431 - - Short-term borrowing from a Founder, 5.13% annual interest, due on October 12, 2015 1,600,274 - - Short-term borrowing from a Founder's family member, no interest, due on various dates 5,700,000 - - Short-term borrowing from a Founder, 5.75% annual interest, due on September 25, 2016 - 1,808,913 280,480 Short-term borrowings from Xiamen Huasheng Haitian Computer Network Co. Ltd., no interest, due on November 14, 2015 200,000 - - Short-term borrowing from a Founder, 5.75% annual interest, due on October 10, 2016 - 2,408,434 373,438 Short-term borrowing from a Founder, 5.43% annual interest, due on November 4, 2016 - 1,807,228 280,219 Short-term borrowing from a Founder, 5.22% annual interest, due on March 10, 2017 ¥ - ¥ 2,533,196 392,783 Total short-term borrowings due to related parties ¥ 16,916,905 ¥ 8,557,771 $ 1,326,920

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Mar. 31, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]	The following is a summary of the status of options outstanding and exercisable at March 31, 2016: Outstanding Options Exercisable Options Average Exercise Price Number Average Remaining Contractual life (Years) Average Exercise Price Number Average Remaining Contractual life (Years) $ 6.00 193,000 3.33 $ 6.00 193,000 3.33 $ 2.96 222,600 5.99 $ 2.96 74,200 5.99 $ 1.65 400,000 8.84 - - - 815,600
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Following is a summary of the restricted stock grants: Restricted stock grants Shares Non-vested as of June 30, 2015 453,575 Granted 1,160,185 Non-vested adjustment - Cancelled - Vested 76,787 Non-vested as of March 31, 2016 1,536,973

INCOME TAX (Tables)

INCOME TAX (Tables)	9 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred tax asset is comprised of the following: June 30, 2015 March 31, 2016 March 31, 2016 RMB RMB U.S.Dollars Allowance for doubtful receivables ¥ 1,072,279 ¥ - $ - Net operating loss carry forward 669,819 - - Total deferred income tax assets ¥ 1,742,098 ¥ - $ - Deferred tax liability is comprised of the following: June 30, 2015 March 31, 2016 March 31, 2016 RMB RMB U.S. Dollars Income tax cost due to unpayable accounts ¥ 180,186 ¥ 180,186 $ 27,939 Total deferred income tax liability ¥ 180,186 ¥ 180,186 $ 27,939
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The Company’s tax provision is comprised of the following: For the three months ended March 31, 2015 2016 2016 RMB RMB U.S. Dollars Current income tax benefit ¥ (158,423) ¥ - $ - Adjust over accrued income taxes - (141,339) (21,915) Deferred income taxes provision (benefit) (22,504) 1,554,284 240,998 Provision (benefit) for income tax ¥ (180,927) ¥ 1,412,945 $ 219,083 For the nine months ended March 31, 2015 2016 2016 RMB RMB U.S. Dollars Current income tax provision ¥ 518,486 ¥ - $ - Adjust over accrued tax of prior years - (1,197,326) (185,651) Deferred income taxes provision (benefit) (50,481) 1,742,098 270,120 Provision (benefit) for income tax ¥ 468,005 ¥ 544,772 $ 84,469

NON-CONTROLLING INTEREST(Tables

NON-CONTROLLING INTEREST(Tables)	9 Months Ended
	Mar. 31, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest [Table Text Block]	Non-controlling interest consisted of the following: As of June 30, 2015 Nanjing BHD Recon Total Total RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 1,851,000 $ 304,001 Unappropriated retained earnings 3,152,687 3,250,513 6,403,200 1,051,636 Accumulated other comprehensive loss (18,850) (11,853) (30,703) (5,043) Total noncom-trolling interest ¥ 4,784,837 ¥ 3,438,660 ¥ 8,223,497 $ 1,350,594 As of March 31, 2016 Nanjing BHD Recon Total Total RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 1,851,000 $ 287,006 Unappropriated retained earnings 3,152,687 3,250,513 6,403,200 992,844 Accumulated other comprehensive loss (15,382) (8,277) (23,659) (3,669) Total non-controlling interest ¥ 4,788,305 ¥ 3,442,236 ¥ 8,230,541 $ 1,276,181

COMMITMENTS AND CONTINGENCY (Ta

COMMITMENTS AND CONTINGENCY (Tables)	9 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Operating Leases of Lessee Disclosure [Table Text Block]	The Company leases three offices in Beijing (two for BHD; one for Recon-JN) and one office in Nanjing for Nanjing Recon. Future payments under such leases are as follows as of March 31, 2016: Twelve months ending March 31, Office lease payment RMB U.S. Dollars 2017 ¥ 2,107,000 $ 326,699 Total ¥ 2,107,000 $ 326,699

RELATED PARTY TRANSACTIONS AN40

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	9 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Purchases From Related Parties [Table Text Block]	There was no purchases from related party for the three month periods ended March 31, 2015 and 2016. For the nine months ended March 31, 2015 2016 2016 RMB RMB U.S. Dollars Huanghua Xiang Tong Manufacture ¥ - ¥ 338,862 $ 52,542 Xiamen Huangsheng Hitek Computer Network Co.Ltd. 797,585 588,894 91,311 Purchase from related parties ¥ 797,585 ¥ 927,756 $ 143,853

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	9 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities [Table Text Block]	Summary information regarding consolidated VIEs is as follows: March 31, March 31, June 30, 2015 2016 2016 RMB RMB U.S. Dollars ASSETS Current Assets Cash ¥ 7,096,901 ¥ 1,070,064 $ 165,918 Notes receivable 4,205,530 1,498,710 232,382 Trade accounts receivable, net 56,956,197 50,248,411 7,791,236 Purchase advances 19,016,573 10,425,075 1,616,454 Other assets 28,792,279 30,093,454 4,666,122 Total current assets ¥ 116,067,480 ¥ 93,335,714 $ 14,472,112 Non-current assets 7,088,383 2,899,206 449,535 Total Assets ¥ 123,155,863 ¥ 96,234,920 $ 14,921,647 LIABILITIES Trade accounts payable ¥ 17,155,793 ¥ 10,174,308 $ 1,577,571 Taxes payable 1,153,216 804,819 124,791 Other liabilities 31,386,734 21,277,049 3,299,100 Total current liabilities 49,695,743 32,256,176 5,001,462 Total Liabilities ¥ 49,695,743 ¥ 32,256,176 $ 5,001,462

ORGANIZATION AND NATURE OF OP42

ORGANIZATION AND NATURE OF OPERATIONS (Details Textual) - shares	Mar. 31, 2016	Jun. 30, 2015	Jan. 29, 2015
Common Stock, Shares Authorized	100,000,000	100,000,000
Minimum [Member]
Common Stock, Shares Authorized			25,000,000
Maximum [Member]
Common Stock, Shares Authorized			100,000,000

SIGNIFICANT ACCOUNTING POLICI43

SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	9 Months Ended
	Mar. 31, 2016
Accounting Policies [Line Items]
Foreign Currency Transactions, Description	The translation has been made at the rate of 6.4494 = US$1.00, the approximate exchange rate prevailing on March 31, 2016.
Motor vehicles [Member] | Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Motor vehicles [Member] | Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Office Equipment [Member] | Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Office Equipment [Member] | Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Leasehold Improvements [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years

TRADE ACCOUNTS RECEIVABLE, NE44

TRADE ACCOUNTS RECEIVABLE, NET (Details)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Third Party
Total - third- party, net	¥ 50,248,411	$ 7,791,236	¥ 52,186,397
Third Party [Member]
Third Party
Trade accounts receivable	53,547,142	8,302,719	58,049,462
Allowance for doubtful accounts	(3,298,731)	(511,483)	(5,863,065)
Total - third- party, net	50,248,411	7,791,236	52,186,397
Third Party - long-term
Allowance for doubtful accounts	(53,807)	(8,343)	(493,407)
Total - long-term trade accounts receivable, net	484,265	75,087	4,440,665
Beijing Yabei Nuoda Science and Technology Co Ltd [Member]
Third Party - long-term
Trade accounts receivable	¥ 538,072	$ 83,430	¥ 4,934,072

TRADE ACCOUNTS RECEIVABLE, NE45

TRADE ACCOUNTS RECEIVABLE, NET (Details 1)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Beijing Langchen Construction Company [Member]
Related Party Current
Trade accounts receivable	¥ 0	$ 0	¥ 726,800
Xiamen Huangsheng Hitek Computer Network Co Ltd [Member]
Related Party Current
Trade accounts receivable	0	0	980,000
Xiamen Hengda Hitek Computer Network Co Ltd [Member]
Related Party Current
Trade accounts receivable	0	0	3,063,000
Related Party [Member]
Related Party Current
Total - related-parties, net	¥ 0	$ 0	¥ 4,769,800

TRADE ACCOUNTS RECEIVABLE, NE46

TRADE ACCOUNTS RECEIVABLE, NET (Details Textual) - Mar. 31, 2016	CNY (¥)	USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivables Will Be Collected In Next Twelve Months	¥ 2,467,036	$ 380,000

OTHER RECEIVABLES, NET (Details

OTHER RECEIVABLES, NET (Details)		Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Non-Current Portion
Due from ENI		¥ 484,265	$ 75,087	¥ 4,440,665
Total		692,325	107,348	2,729,033
Third Party [Member]
Current Portion
Due from ENI	[1]	3,401,553	527,426	2,624,071
Loans to third parties	[2]	13,198,344	2,046,461	11,154,344
Business advance to staff	[3]	5,823,723	902,994	3,927,238
Deposits for projects		882,607	136,852	543,800
Others		183,532	28,458	637,348
Allowance for doubtful accounts		(1,131,233)	(175,403)	(822,233)
Total		22,358,526	3,466,788	18,064,568
Non-Current Portion
Due from ENI	[1]	692,325	107,348	2,729,033
Total		¥ 692,325	$ 107,348	¥ 2,729,033
[1]	After ENI ceased to be a VIE of the Company, ENI in January 2012 agreed to repay the loan on a payment schedule, with interest accrued during the period at an annual rate of 4%. In accordance with the payment schedule, the principal plus accrued interest is required to be repaid over approximately three years on a quarterly basis beginning March 2012. The first four payments were RMB 1.2 million each. In March, June, September and December of 2012, the Company received RMB 4.8 million. Starting March 2013, installments for each quarter would be ¥1,777,653. The Company received the payments on time in March and June, 2013. On September 30, 2013, ENI proposed to extend the payment period and signed a new contract with the Company. According to the new arrangement, the remaining part of this loan will be repaid over four years with quarterly installments of ¥699,147. The Company has continued to receive the payments under the agreement.
[2]	Loans to third-parties are mainly used for short-term funding to support the Company’s external business partners. These loans are due on demand bearing no interest.
[3]	Business advance to staff represents advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance.

OTHER RECEIVABLES, NET (Detai48

OTHER RECEIVABLES, NET (Details Textual)	1 Months Ended			3 Months Ended	9 Months Ended			12 Months Ended
	Sep. 30, 2013CNY (¥)	Mar. 31, 2012CNY (¥)	Jan. 31, 2012	Mar. 31, 2013CNY (¥)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)	Dec. 31, 2012CNY (¥)
Other Receivables [Line Items]
Proceeds From Related Party Debt Repayments		¥ 1.2						¥ 4.8
Loan On Accrued Interest Rate During Period			4.00%
Loans Receivable Under Installment	¥ 699,147			¥ 1,777,653
Provision for Other Credit Losses					¥ 309,000	$ 47,912	¥ 93,500

PURCHASE ADVANCES (Details)

PURCHASE ADVANCES (Details) - Third Party [Member]	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Purchase Advances [Line Items]
Prepayment for inventory purchase	¥ 18,484,007	$ 2,866,026	¥ 22,845,030
Allowance for doubtful accounts	(8,058,932)	(1,249,572)	(4,222,492)
Total	¥ 10,425,075	$ 1,616,454	¥ 18,622,538

PURCHASE ADVANCES (Details Text

PURCHASE ADVANCES (Details Textual)	9 Months Ended
	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)
Purchase Advances [Line Items]
Provision For Advances on Purchases	¥ 3,836,441	$ 594,857	¥ 88,678

INVENTORIES (Details)

INVENTORIES (Details)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Inventory [Line Items]
Small component parts	¥ 55,332	$ 8,579	¥ 55,332
Purchased goods and raw materials	55,604	8,622	244,667
Work in process and goods on site	2,707,760	419,850	3,552,771
Finished goods	10,492,574	1,626,920	14,693,073
Allowance for slow moving inventory	(2,874,768)	(445,746)	(7,700,836)
Total inventories, net	¥ 10,436,502	$ 1,618,225	¥ 10,845,007

INVENTORIES (Details Textual)

INVENTORIES (Details Textual)	9 Months Ended
	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)	Mar. 31, 2015USD ($)
Inventory [Line Items]
Provision For Inventories	¥ (95,122)	$ (14,749)	¥ 0	$ 14,749

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Property, Plant and Equipment [Line Items]
Total property and equipment	¥ 4,912,050	$ 761,634	¥ 4,588,265
Less: Accumulated depreciation	(2,481,124)	(384,708)	(1,921,312)
Property and equipment, net	2,430,926	376,926	2,666,953
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	3,871,567	600,303	3,790,474
Office equipment and fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	825,996	128,074	797,791
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	¥ 214,487	$ 33,257	¥ 0

PROPERTY AND EQUIPMENT, NET (54

PROPERTY AND EQUIPMENT, NET (Details Textual)	3 Months Ended			9 Months Ended
	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)
Property, Plant and Equipment [Line Items]
Depreciation	¥ 232,022	$ 35,976	¥ 94,773	¥ 728,092	$ 112,894	¥ 369,284

LONG-TERM INVESTMENT (Details T

LONG-TERM INVESTMENT (Details Textual)	1 Months Ended			12 Months Ended
	Jun. 30, 2013	Jun. 28, 2013CNY (¥)shares	Jun. 28, 2013USD ($)$ / sharesshares	Jun. 30, 2014CNY (¥)	Jun. 30, 2014USD ($)	Mar. 31, 2016	Jun. 30, 2015	Apr. 13, 2015CNY (¥)
Schedule of Equity Method Investments [Line Items]
Percentage To Acquire Of Restricted Stock	50.00%
Equity Method Investment, Ownership Percentage						15.39%	16.92%
Avalon [Member]
Schedule of Equity Method Investments [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares		2,800,000	2,800,000
Stock Issued During Period Restricted Stock Award Par Value | $ / shares			$ 0.089
Stock Issued During Period, Value, Restricted Stock Award, Gross		¥ 1,500,000	$ 250,000
Income (Loss) from Equity Method Investments				¥ 1,535,250	$ 250,000
Huanghua Heng Da Xiang Tong Manufacture Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage								54.05%
Equity Method Investment, Aggregate Cost | ¥								¥ 80,000,000

OTHER PAYABLES (Details)

OTHER PAYABLES (Details) - Third Party [Member]	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Other Payables [Line Items]
Consulting services	¥ 1,374,702	$ 213,154	¥ 1,628,508
Distributors and employees	525,508	81,482	413,703
Funds collected on behalf of others	895,022	138,777	0
Others	128,039	19,853	60,846
Total	¥ 2,923,271	$ 453,266	¥ 2,103,057

OTHER PAYABLES (Details 1)

OTHER PAYABLES (Details 1)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Other Payables [Line Items]
Due to related parties	¥ 8,557,771	$ 1,326,920	¥ 16,916,905
Related Party [Member]
Other Payables [Line Items]
Due to related parties	0	0	2,499,347
Expenses paid by the major shareholders	2,764,390	428,631	1,558,738
Due to family member of one owner on behalf on Recon	630,000	97,684	0
Due to management staff for costs incurred on behalf of Recon	255,939	39,685	251,617
Total	¥ 3,650,329	$ 566,000	¥ 4,309,702

TAXES PAYABLE (Details)

TAXES PAYABLE (Details)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Taxes Payable [Line Items]
VAT payable	¥ 804,814	$ 124,790	¥ 23,885
Enterprise income tax payable	0	0	1,127,131
Other taxes payable	4	1	2,200
Total taxes payable	¥ 804,818	$ 124,791	¥ 1,153,216

SHORT-TERM BANK LOANS (Details)

SHORT-TERM BANK LOANS (Details)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Short-term Debt [Line Items]
Total short-term bank loans	¥ 7,000,000	$ 1,085,381	¥ 7,000,000
Industrial And Commercial Bank [Member]
Short-term Debt [Line Items]
Total short-term bank loans	6,500,000	1,007,854	7,000,000
Industrial And Commercial Bank One [Member]
Short-term Debt [Line Items]
Total short-term bank loans	¥ 500,000	$ 77,527	¥ 0

SHORT-TERM BANK LOANS (Details

SHORT-TERM BANK LOANS (Details Textual)	3 Months Ended			9 Months Ended
	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)
Short Term Bank Loan [Member]
Short-term Debt [Line Items]
Interest Expense, Debt	¥ 108,239	$ 16,783	¥ 162,000	¥ 322,888	$ 50,065	¥ 400,178
Industrial And Commercial Bank [Member]
Short-term Debt [Line Items]
Short-term Debt, Percentage Bearing Variable Interest Rate	6.12%	6.12%		6.12%	6.12%
Debt Instrument, Maturity Date				Jun. 19, 16	Jun. 19, 16
Industrial And Commercial Bank One [Member]
Short-term Debt [Line Items]
Short-term Debt, Percentage Bearing Variable Interest Rate	5.37%	5.37%		5.37%	5.37%
Debt Instrument, Maturity Date				Jul. 19, 16	Jul. 19, 16

SHORT-TERM BORROWINGS DUE TO 61

SHORT-TERM BORROWINGS DUE TO RELATED PARTIES (Details)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	¥ 8,557,771	$ 1,326,920	¥ 16,916,905
Short Term Borrowings One [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	0	0	6,013,200
Short Term Borrowings Two [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	0	0	3,403,431
Short Term Borrowings Three [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	0	0	1,600,274
Short Term Borrowings Four [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	0	0	5,700,000
Short Term Borrowings Five [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	1,808,913	280,480	0
Xiamen Huasheng Haitian Computer Network Co Ltd [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	0	0	200,000
Short Term Borrowings Six [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	2,408,434	373,438	0
Short Term Borrowings Seven [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	1,807,228	280,219	0
Short Term Borrowings Nine [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	¥ 2,533,196	$ 392,783	¥ 0

SHORT-TERM BORROWINGS DUE TO 62

SHORT-TERM BORROWINGS DUE TO RELATED PARTIES (Details Textual)	3 Months Ended			9 Months Ended
	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)
Short Term Borrowings [Member]
Short-term Debt [Line Items]
Interest Expense, Related Party	¥ 92,382	$ 14,324	¥ 177,109	¥ 349,901	$ 54,254	¥ 407,887
Short Term Borrowings One [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date				Oct. 20, 2015	Oct. 20, 2015
Debt Instrument, Interest Rate Percentage				7.20%	7.20%
Short Term Borrowings Two [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date				Oct. 2, 2015	Oct. 2, 2015
Debt Instrument, Interest Rate Percentage				6.06%	6.06%
Short Term Borrowings Three [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date				Oct. 12, 2015	Oct. 12, 2015
Debt Instrument, Interest Rate Percentage				5.13%	5.13%
Short Term Borrowings Five [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date				Sep. 25, 2016	Sep. 25, 2016
Debt Instrument, Interest Rate Percentage				5.75%	5.75%
Short Term Borrowings Six [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date				Nov. 14, 2015	Nov. 14, 2015
Short Term Borrowings Seven [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date				Oct. 10, 2016	Oct. 10, 2016
Debt Instrument, Interest Rate Percentage				5.75%	5.75%
Short Term Borrowings Nine [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date				Mar. 10, 2017	Mar. 10, 2017
Debt Instrument, Interest Rate Percentage				5.22%	5.22%
Short Term Borrowings Eight [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date				Nov. 4, 2016	Nov. 4, 2016
Debt Instrument, Interest Rate Percentage				5.43%	5.43%

SHAREHOLDERS' EQUITY (Details T

SHAREHOLDERS' EQUITY (Details Textual)	9 Months Ended
	Mar. 31, 2016CNY (¥)shares	Mar. 31, 2016USD ($)shares	Mar. 31, 2015CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Equity [Line Items]
Proceeds from Issuance of Common Stock	¥ 168,319	$ 26,098	¥ 0
Percentage Transfer Of Profit To Statutory Reserves	10.00%	10.00%
Transfer Of Profit To Statutory Reserves Upto Certain Percentage Of Registered Capital	50.00%	50.00%
Appropriated retained earnings	¥ 4,148,929			$ 643,310	¥ 4,148,929
Stock Offering [Member]
Equity [Line Items]
Stock Issued During Period, Shares, New Issues	15,874	15,874

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details)	9 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Options, Number (in shares)	815,600
Stock Option One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Options, Average Exercise Price | $ / shares	$ 6
Outstanding Options, Number (in shares)	193,000
Outstanding Options, Average Remaining Contractual Life (Years)	3 years 3 months 29 days
Exercisable Options, Average Exercise Price | $ / shares	$ 6
Exercisable Options, Number (in shares)	193,000
Exercisable Options, Average Remaining Contractual Life (years)	3 years 3 months 29 days
Stock Option Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Options, Average Exercise Price | $ / shares	$ 2.96
Outstanding Options, Number (in shares)	222,600
Outstanding Options, Average Remaining Contractual Life (Years)	5 years 11 months 26 days
Exercisable Options, Average Exercise Price | $ / shares	$ 2.96
Exercisable Options, Number (in shares)	74,200
Exercisable Options, Average Remaining Contractual Life (years)	5 years 11 months 26 days
Stock Option Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Options, Average Exercise Price | $ / shares	$ 1.65
Outstanding Options, Number (in shares)	400,000
Outstanding Options, Average Remaining Contractual Life (Years)	8 years 10 months 2 days
Exercisable Options, Average Exercise Price | $ / shares	$ 0
Exercisable Options, Number (in shares)	0
Exercisable Options, Average Remaining Contractual Life (years)	0 years

STOCK-BASED COMPENSATION (Det65

STOCK-BASED COMPENSATION (Details 1) - Restricted Stock [Member]	9 Months Ended
	Mar. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested as of June 30, 2015	453,575
Granted	1,160,185
Non-vested adjustment	0
Cancelled	0
Vested	76,787
Non-vested as of March 31, 2016	1,536,973

STOCK-BASED COMPENSATION (Det66

STOCK-BASED COMPENSATION (Details Textual)	1 Months Ended			3 Months Ended			9 Months Ended
	Nov. 19, 2015USD ($)$ / shares	Nov. 16, 2015USD ($)$ / shares	Oct. 18, 2015USD ($)$ / shares	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation							¥ 4,134,042	$ 641,001	¥ 2,023,761
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition							2 years 25 days	2 years 25 days
Stock or Unit Option Plan Expense				¥ 1,026,192	$ 159,116	¥ 521,133	¥ 2,569,948	$ 398,482	1,226,745
Restricted Stock Closing Price | $ / shares	$ 0.95	$ 1.08	$ 0.88
Share-Based Compensation							6,900,000	1,100,000
Stock Issued During Period, Value, Restricted Stock Award, Gross			$ 800,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 247,176	$ 108,400	$ 704,000
Two Investor Firms [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Gross		$ 100,000
Bei Jing Tian Hong Tong Xin Technology Co. Ltd [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 260,185
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				1 year 7 months 28 days	1 year 7 months 28 days
Stock or Unit Option Plan Expense				¥ 534,277	$ 82,842	¥ 387,598	1,564,094	242,519	¥ 797,016
Share-Based Compensation							¥ 3,300,000	$ 510,000

INCOME TAX (Details)

INCOME TAX (Details)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Income Taxes [Line Items]
Allowance for doubtful receivables	¥ 0	$ 0	¥ 1,072,279
Net operating loss carry forward	0	0	669,819
Total deferred income tax assets	0	0	1,742,098
Income tax cost due to unpayable accounts	180,186	27,939	180,186
Total deferred income tax liability	¥ 180,186	$ 27,939	¥ 180,186

INCOME TAX (Details 1)

INCOME TAX (Details 1)	3 Months Ended			9 Months Ended
	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)
Income Taxes [Line Items]
Current income tax provision	¥ 0	$ 0	¥ (158,423)	¥ 0	$ 0	¥ 518,486
Adjust over accrued tax of prior years	(141,339)	(21,915)	0	(1,197,326)	(185,651)	0
Deferred income taxes provision (benefit)	1,554,284	240,998	(22,504)	1,742,098	270,120	(50,481)
Provision (benefit) for income tax	¥ 1,412,945	$ 219,083	¥ (180,927)	¥ 544,772	$ 84,469	¥ 468,005

INCOME TAX (Details Textual)

INCOME TAX (Details Textual)	Dec. 11, 2016	Nov. 25, 2009	Jan. 01, 2008	Dec. 31, 2015	Dec. 31, 2014
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%			15.00%	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)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)	Jun. 30, 2015USD ($)
Noncontrolling Interest [Line Items]
Paid-in capital	¥ 99,055,188	$ 15,358,941	¥ 92,541,687
Accumulated other comprehensive loss	(254,151)	(39,407)	(317,551)
Total non-controlling interest	8,230,541	1,276,181	8,223,497
Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital	1,851,000	287,006	1,851,000	$ 304,001
Unappropriated retained earnings	6,403,200	992,844	6,403,200	1,051,636
Accumulated other comprehensive loss	(23,659)	(3,669)	(30,703)	(5,043)
Total non-controlling interest	8,230,541	$ 1,276,181	8,223,497	$ 1,350,594
BHD [Member] | Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital	1,651,000		1,651,000
Unappropriated retained earnings	3,152,687		3,152,687
Accumulated other comprehensive loss	(15,382)		(18,850)
Total non-controlling interest	4,788,305		4,784,837
Nanjing Recon [Member] | Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital	200,000		200,000
Unappropriated retained earnings	3,250,513		3,250,513
Accumulated other comprehensive loss	(8,277)		(11,853)
Total non-controlling interest	¥ 3,442,236		¥ 3,438,660

CONCENTRATIONS (Details Textual

CONCENTRATIONS (Details Textual)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Supplier One [Member]
Concentration Risk [Line Items]
Entity Wide Revenue Major Customer Percentage		56.00%		21.00%
Supplier Two [Member]
Concentration Risk [Line Items]
Entity Wide Revenue Major Customer Percentage	36.00%		50.00%
China National Petroleum Corporation [Member]
Concentration Risk [Line Items]
Entity Wide Revenue Major Customer Percentage	71.17%	29.65%	7.70%	44.89%
China Petroleum and Chemical Corporation Limited [Member]
Concentration Risk [Line Items]
Entity Wide Revenue Major Customer Percentage			10.19%	74.21%

COMMITMENTS AND CONTINGENCY (De

COMMITMENTS AND CONTINGENCY (Details) - Mar. 31, 2016	CNY (¥)	USD ($)
Commitment and Contingencies [Line Items]
2,017	¥ 2,107,000	$ 326,699
Total	¥ 2,107,000	$ 326,699

COMMITMENTS AND CONTINGENCY (73

COMMITMENTS AND CONTINGENCY (Details Textual) - 9 months ended Mar. 31, 2016 $ in Thousands, ¥ in Millions	CNY (¥)	USD ($)
Commitment and Contingencies [Line Items]
Severance Costs	¥ 1.6	$ 250

RELATED PARTY TRANSACTIONS AN74

RELATED PARTY TRANSACTIONS AND BALANCES (Details)	9 Months Ended
	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)
Related Party Transaction [Line Items]
Purchase from related parties	¥ 927,756	$ 143,853	¥ 797,585
Huanghua Xiang Tong Manufacture [Member]
Related Party Transaction [Line Items]
Purchase from related parties	338,862	52,542	0
Xiamen Hengda Hitek Computer Network Co. Ltd [Member]
Related Party Transaction [Line Items]
Purchase from related parties	¥ 588,894	$ 91,311	¥ 797,585

RELATED PARTY TRANSACTIONS AN75

RELATED PARTY TRANSACTIONS AND BALANCES (Details Textual)	9 Months Ended
	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)
Related Party Transaction [Line Items]
Expenses Paid By Related Party	¥ 2,764,390		$ 428,631	¥ 1,558,738
Monthly Payment [Member]
Related Party Transaction [Line Items]
Operating Leases, Rent Expense	1,680,000	$ 260,000
Related Party [Member]
Related Party Transaction [Line Items]
Short-term borrowings- related parties	8,557,771		$ 1,326,920	¥ 16,916,905
Related Party [Member] | Monthly Payment [Member]
Related Party Transaction [Line Items]
Operating Leases, Rent Expense	¥ 140,000

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Jun. 30, 2015CNY (¥)	Jun. 30, 2015USD ($)	Mar. 31, 2015CNY (¥)	Jun. 30, 2014CNY (¥)
ASSETS
Cash	¥ 2,619,943	$ 406,234	¥ 12,344,929	$ 1,914,135	¥ 4,665,869	¥ 18,094,586
Notes receivable	1,498,710	232,382	4,205,530
Trade accounts receivable, net	50,248,411	7,791,236	52,186,397
Total current assets	98,807,579	15,320,551	124,512,236
Total Assets	102,415,095	15,879,912	134,348,887
LIABILITIES
Trade accounts payable	10,174,308	1,577,571	13,627,088
Taxes payable	804,818	124,791	1,153,216
Total current liabilities	34,513,238	5,351,431	52,080,043
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Cash	1,070,064	165,918	7,096,901
Notes receivable	1,498,710	232,382	4,205,530
Trade accounts receivable, net	50,248,411	7,791,236	56,956,197
Purchase advances	10,425,075	1,616,454	19,016,573
Other assets	30,093,454	4,666,122	28,792,279
Total current assets	93,335,714	14,472,112	116,067,480
Non-current assets	2,899,206	449,535	7,088,383
Total Assets	96,234,920	14,921,647	123,155,863
LIABILITIES
Trade accounts payable	10,174,308	1,577,571	17,155,793
Taxes payable	804,819	124,791	1,153,216
Other liabilities	21,277,049	3,299,100	31,386,734
Total current liabilities	32,256,176	5,001,462	49,695,743
Total Liabilities	¥ 32,256,176	$ 5,001,462	¥ 49,695,743

VARIABLE INTEREST ENTITIES (D77

VARIABLE INTEREST ENTITIES (Details Textual)	3 Months Ended			9 Months Ended
	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)	Mar. 31, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2015CNY (¥)
Variable Interest Entity [Line Items]
Revenues	¥ 4,539,099	$ 703,807	¥ 20,018,890	¥ 36,975,489	$ 5,733,212	¥ 45,651,862
Operating expenses	9,946,078	1,542,183	5,844,931	28,066,244	4,351,794	17,496,879
Net income	(9,627,400)	(1,492,771)	¥ (1,415,884)	(20,995,182)	(3,255,395)	¥ 182,620
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Revenues	4,539,099	703,807		36,975,489	5,733,212
Operating expenses	4,780,316	741,209		16,546,759	2,565,648
Net income	¥ 4,478,185	$ 694,362		¥ 9,578,364	$ 1,485,167