Recon Technology (RCON) 10-Q 14 Nov 16 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2016	Oct. 31, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
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		6,230,792

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Current assets
Cash	¥ 554,630	$ 83,150	¥ 1,817,620
Notes receivable	3,105,770	465,617	4,660,177
Trade accounts receivable, net	37,267,708	5,587,178	38,097,626
Inventories, net	6,339,234	950,379	6,313,070
Total current assets	71,424,688	10,707,996	74,322,220
Property and equipment, net	2,723,363	408,287	2,907,762
Long-term trade accounts receivable, net	2,220,332	332,872	2,220,332
Total Assets	76,368,383	11,449,155	79,450,314
Current liabilities
Trade accounts payable	9,267,662	1,389,409	7,540,430
Deferred revenue	231,187	34,660	406,681
Advances from customers	200,100	29,999	200,600
Accrued payroll and employees' welfare	499,155	74,833	381,109
Accrued expenses	193,274	28,974	261,348
Taxes payable	683,148	102,418	755,880
Deferred tax liability	180,186	27,014	180,186
Total current liabilities	30,270,106	4,538,097	29,850,518
Equity
Common stock, ($ 0.0185 U.S. dollar par value, 100,000,000 shares authorized; 5,804,005 and 5,980,792 shares issued and outstanding as of June 30, 2016 and September 30, 2016, respectively)	763,340	114,440	741,467
Additional paid-in capital	102,557,249	15,375,392	100,612,455
Statutory reserve	4,148,929	622,008	4,148,929
Accumulated deficits	(69,368,096)	(10,399,671)	(63,907,512)
Accumulated other comprehensive loss	(226,642)	(33,978)	(219,040)
Total shareholders’ equity	37,874,780	5,678,191	41,376,299
Non-controlling interest	8,223,497	1,232,867	8,223,497
Total equity	46,098,277	6,911,058	49,599,796
Total Liabilities and Equity	76,368,383	11,449,155	79,450,314
All Other [Member]
Current assets
Other receivables, net	20,101,962	3,013,688	22,000,112
Purchase advances, net	4,000,124	599,699	1,323,305
Prepaid expenses	55,260	8,285	110,310
Current liabilities
Other payables	2,787,443	417,894	2,972,192
Short-term borrowings	0	0	530,000
Related Party [Member]
Current liabilities
Other payables	3,712,698	556,608	3,680,244
Short-term borrowings	¥ 12,515,253	$ 1,876,288	¥ 12,941,848

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Sep. 30, 2016	Jun. 30, 2016
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	5,980,792	5,804,005
Common shares, shares outstanding	5,980,792	5,804,005

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS	3 Months Ended
	Sep. 30, 2016CNY (¥)¥ / sharesshares	Sep. 30, 2016USD ($)$ / sharesshares	Sep. 30, 2015CNY (¥)¥ / sharesshares
Revenues
Total revenues	¥ 7,802,103	$ 1,169,692	¥ 3,593,960
Cost of revenues
Provision for (reversal of) slow moving inventories	262,135	39,299	(123,332)
Total cost of revenues	6,709,778	1,005,931	3,192,295
Gross profit	1,092,325	163,761	401,665
Selling and distribution expenses	1,050,141	157,437	1,112,670
General and administrative expenses	4,899,328	734,508	4,067,219
Provision for doubtful accounts	8,026	1,203	2,109,926
Research and development expenses	618,674	92,752	1,792,997
Operating expenses	6,576,169	985,900	9,082,812
Loss from operations	(5,483,844)	(822,139)	(8,681,147)
Other income (expenses)
Subsidy income	7,807	1,170	49,000
Interest income	27,894	4,182	55,510
Interest expense	(132,490)	(19,863)	(277,824)
Income (loss) from foreign currency exchange	388	58	(938)
Other income (expense)	99,518	14,920	(9,664)
Other income (expense)	3,117	467	(183,916)
Loss before income tax	(5,480,727)	(821,672)	(8,865,063)
Benefit for income tax	(20,143)	(3,020)	(16,457)
Net loss	(5,460,584)	(818,652)	(8,848,606)
Comprehensive loss
Net loss	(5,460,584)	(818,652)	(8,848,606)
Foreign currency translation adjustment	(7,602)	(1,140)	124,218
Comprehensive loss	(5,468,186)	(819,792)	(8,724,388)
Less: Comprehensive loss attributable to non-controlling interest	0	0	16,620
Comprehensive loss attributable to Recon Technology, Ltd	¥ (5,468,186)	$ (819,792)	¥ (8,741,008)
Loss per common share - basic and diluted (in dollar per share) | (per share)	¥ (0.92)	$ (0.14)	¥ (1.63)
Weighted - average shares -basic and diluted (in shares)	5,957,733	5,957,733	5,438,763
Hardware And Software [Member]
Revenues
Total revenues	¥ 7,802,103	$ 1,169,692	¥ 3,480,752
Cost of revenues
Total cost of revenues	6,447,643	966,632	3,315,627
Services [Member]
Revenues
Total revenues	¥ 0	$ 0	¥ 113,208

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS	3 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)
Cash flows from operating activities:
Net loss	¥ (5,460,584)	$ (818,652)	¥ (8,848,606)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	205,580	30,821	259,768
Gain from disposal of equipment	(35,919)	(5,385)	0
Provision for doubtful accounts	8,026	1,203	2,109,926
Provision for (reversal of) slow moving inventories	262,135	39,299	(123,332)
Share based compensation	1,966,670	294,843	1,126,552
Deferred tax benefit	0	0	(16,458)
Restricted shares issued for services	0	0	202,475
Changes in operating assets and liabilities:
Notes receivable	1,554,407	233,037	977,950
Trade accounts receivable	1,035,863	155,297	1,685,745
Inventories	(288,299)	(43,222)	(908,544)
Purchase advance, net | ¥	(2,873,141)		(847,071)
Deferred revenue	(175,494)	(26,310)	166,982
Advances from customers	(500)	(75)	(158,716)
Accrued payroll and employees' welfare	118,046	17,697	83,268
Accrued expenses	(56,539)	(8,476)	(7,505)
Taxes payable	(80,273)	(12,035)	1,507,434
Net cash used in operating activities	(323,419)	(48,489)	(974,494)
Cash flows from investing activities:
Purchase of property and equipment	(29,621)	(4,441)	(470,265)
Proceeds from disposal of equipment	51,900	7,781	0
Net cash provided by (used in) investing activities	22,279	3,340	(470,265)
Cash flows from financing activities:
Repayment of short-term borrowings | ¥	(530,000)		0
Repayment of short-term borrowings-related parties | $		(79,458)
Proceeds from sale of common stock, net of issuance costs	0	0	165,823
Net cash used in financing activities	(968,130)	(145,143)	(7,134,177)
Effect of exchange rate fluctuation on cash and cash equivalents	6,280	943	111,279
Net decrease in cash	(1,262,990)	(189,349)	(8,467,657)
Cash at beginning of period	1,817,620	272,498	12,344,929
Cas at end of period	554,630	83,150	3,877,272
Supplemental cash flow information
Cash paid during the period for interest	167,403	25,097	277,824
Cash paid during the period for taxes	0	0	72,217
Non-cash investing and financing activities
AR and short-term borrowings-related parties offset	0	0	200,000
All Other [Member]
Changes in operating assets and liabilities:
Other receivable, net	1,866,616	279,843	(419,821)
Purchase advance, net | $		(430,742)
Prepaid expense	55,050	8,253	216,619
Trade accounts payable	1,727,232	258,947	(217,263)
Other payables	(184,749)	(27,698)	(308,852)
Related Party [Member]
Changes in operating assets and liabilities:
Trade accounts receivable	0	0	4,569,800
Other receivable, net	0	0	91,021
Purchase advance, net	0	0	394,034
Prepaid expense	0	0	210,000
Trade accounts payable	0	0	(254,826)
Other payables	32,454	4,866	(2,465,074)
Cash flows from financing activities:
Proceeds from short-term borrowings-related parties	4,838,318	725,361	1,800,000
Repayment of short-term borrowings-related parties	¥ (5,276,448)	$ (791,046)	¥ (9,100,000)

ORGANIZATION AND NATURE OF OPER

ORGANIZATION AND NATURE OF OPERATIONS	3 Months Ended
	Sep. 30, 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 – Recon Technology, Ltd (the “Company”) was incorporated under the laws of the Cayman Islands on August 21, 2007 by Messrs. Yin Shenping, Chen Guangqiang and Li Hongqi (the “Founders”) as a limited liability company. The Company provides specialized oilfield equipment, automation systems, tools, chemicals and field services to petroleum companies mainly in the People’s Republic of China (the “PRC”). 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 (“Domestic Companies”) 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”). The Company has signed Exclusive Technical Consulting Service Agreements with each of the Domestic Companies, which are our VIEs and Equity Interest Pledge Agreements and Exclusive Equity Interest Purchase Agreements with their shareholders. Through these contractual arrangements, the Company has the ability to substantially influence each of the Domestic Companies’ daily operations and financial affairs, appoint their senior executives and approve all matters requiring shareholder approval. As a result of these contractual arrangements, which enable the Company to control the Domestic Companies, the Company is considered as the primary beneficiary of each Domestic Company. Thus, the Company is able to absorb 90% of net interest or 100% of net loss of those VIEs. On December 17, 2015, Huang Hua BHD Petroleum Equipment Manufacturing Co. LTD, a fully owned subsidiary established by BHD was organized under the laws of the PRC. Nature of Operations – The Company engaged in (1) providing equipment, tools and other hardware related to oilfield production and management, including simple installations in connection with some projects; (2) service to improve production and efficiency of exploited oil wells, and (3) developing and selling its own specialized industrial automation control and information solutions. The products and services provided by the Company include:

LIQUIDITY

LIQUIDITY	3 Months Ended
	Sep. 30, 2016
Liquidity [Abstract]
Substantial Doubt about Going Concern [Text Block]	NOTE 2. LIQUIDITY As reflected in the Company’s unaudited condensed consolidated financial statements, the Company had recurring net losses for the three months ended September 30, 2015 and 2016. In assessing its liquidity, management monitors and analyzes the Company’s cash on-hand and its ability to generate sufficient revenue sources in the future to support its operating and capital expenditure commitments. The Company plans to fund its continuing operations through identifying new prospective joint venture and strategic alliance opportunities for new revenue sources, financial supports by major shareholders and reducing costs to improve profitability and replenish working capital. Management believes that the foregoing measures collectively will provide sufficient liquidity for the Company to meet its future liquidity and capital obligations.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 3. SIGNIFICANT ACCOUNTING POLICIES Basis of presentation - The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information pursuant to the rules of the SEC and have been consistently applied. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended June 30, 2016. The results of operations for the interim periods presented may not be indicative of the operating results to be expected for the Company’s fiscal year ending June 30, 2017. Principles of Consolidation - The unaudited condensed consolidated financial statements include the accounts of the Company, all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation. Variable Interest Entities - A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support or (ii) has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated by its primary beneficiary. The primary beneficiary has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. The Company performs ongoing assessments to determine whether an entity should be considered a VIE and whether an entity previously identified as a VIE continues to be a VIE and whether the Company continues to be the primary beneficiary. Assets recognized as a result of consolidating VIEs do not represent additional assets that could be used to satisfy claims against the Company’s general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets; rather, they represent claims against the specific assets of the consolidated VIEs. Currency Translation - The Company’s functional currency is the Chinese Yuan (“RMB”) and the accompanying unaudited condensed consolidated financial statements have been expressed in Chinese Yuan. The unaudited condensed consolidated financial statements as of and for the three months ended September 30, 2016 have been translated into United States dollars (“U.S. dollars”) solely for the convenience of the readers. The translation has been made at the rate of ¥6.6702 = US$1.00, the approximate exchange rate prevailing on September 30, 2016. These translated U.S. dollar amounts should not be construed as representing Chinese Yuan amounts or that the Chinese Yuan amounts have been or could be converted into U.S. dollars. Estimates and assumptions - The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Estimates are adjusted to reflect actual experience when necessary. Significant accounting estimates reflected in the Company’s unaudited condensed consolidated financial statements include revenue recognition, allowance for doubtful accounts, allowance for inventory, the useful lives of property and equipment and the fair value of share- based payments. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates. Fair Values of Financial Instruments - The US GAAP accounting standards regarding fair value of financial instruments and related fair value measurements define fair value, establish a three-level valuation hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable. The carrying amounts reported in the unaudited condensed 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. Trade Accounts and Other Receivables - Accounts receivable are carried at original invoiced amount less a provision for any potential uncollectible amounts. Accounts are considered past due when the related receivables are more than a year old. Provision is made against trade accounts and other receivables to the extent they are considered to be doubtful. Accounts are written off after extensive efforts at collection. Other receivables arise from transactions with non-trade customers. Purchase Advances - Purchase advances are the amounts prepaid to suppliers for purchases of inventory and are recognized as inventory when the final amount is paid to the suppliers and the inventory is delivered. Inventories - Inventories are stated at the lower of cost or market value, on a first-in-first-out basis. The methods of determining inventory costs are used consistently from year to year. Allowance for inventory obsolescence is provided when the market value of certain inventory items is lower than the cost. - Property and equipment are stated at cost. Depreciation on motor vehicles and office equipment is computed using the straight-line method over the estimated useful lives of the assets, which range from two to ten years. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the assets. Items Useful life Motor vehicles 5-10 years Office equipment 2-5 years Leasehold improvement 5 years Production equipment 10 years Long-Lived Assets - The Company applies the ASC Topic 360 “Property, plant and equipment.” ASC Topic 360 requires that long-lived assets, such as property and equipment be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. Fair value is determined based on the estimated discounted future cash flows expected to be generated by the asset. There were no impairments at June 30, 2016 and September 30, 2016. Revenue Recognition - The Company recognizes revenue when the following four criteria are met: (1) persuasive evidence of an arrangement, (2) delivery has occurred or services have been provided, (3) the sales price is fixed or determinable, and (4) collectability is reasonably assured. Delivery does not occur until products have been shipped or services have been provided to the customers and the customers have signed a completion and acceptance report, risk of loss has transferred to the customers, customers’ acceptance provisions have lapsed, or the Company has objective evidence that the criteria specified in customers’ acceptance provisions have been satisfied. The sales price is not considered to be fixed or determinable until all contingencies related to the sale have been resolved. Hardware and software: Revenue from hardware and software sales is generally recognized when the product with the embedded software system is shipped to the customer and when there are no unfulfilled company obligations that affect the customer’s final acceptance of the arrangement. Revenue from software is recognized according to project contracts. Usually this is short term. Revenue is not recognized until completion of the contracts and receipt of acceptance. 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. Share-Based Compensation - The Company accounts for share-based compensation in accordance with ASC Topic 718, Share-Based Payment. Under the fair value recognition provisions of this topic, share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense with graded vesting on a straight–line basis over the requisite service period for the entire award. The Company has elected to recognize compensation expenses using the Binomial Lattice valuation model estimated at the grant date based on the award’s fair value. Income Taxes - Provisions for income taxes are based on taxes payable or refundable for the current year and deferred taxes. Deferred taxes are provided on differences between the tax bases of assets and liabilities and their reported amounts in the financial statements, and tax carry forwards. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. The Company has not been subject to any income taxes in the United States or the Cayman Islands. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. Loss per Share - Basic Earnings/Loss Per Share (“EPS”) is computed by dividing net loss by the weighted average number of ordinary shares outstanding. Diluted EPS are computed by dividing net loss by the weighted-average number of ordinary shares and dilutive potential ordinary share equivalents outstanding. Potentially dilutive ordinary shares consist of ordinary shares issuable upon the conversion of ordinary stock options, restricted shares and warrants (using the treasury stock method). The effect from options, restricted shares and warrants would have been anti-dilutive due to the fact that we incurred a net loss during the three months ended September 30, 2015 and 2016. Recently Issued Accounting Pronouncements In October 2016, the FASB has issued Accounting Standards Update

TRADE ACCOUNTS RECEIVABLE, NET

TRADE ACCOUNTS RECEIVABLE, NET	3 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 4. TRADE ACCOUNTS RECEIVABLE, NET June 30, September 30, September 30, 2016 2016 2016 Third Party RMB RMB U.S. Dollars Trade accounts receivable ¥ 42,665,499 ¥ 41,629,636 $ 6,241,119 Allowance for doubtful accounts (4,567,873) (4,361,928) (653,941) Total - third-party, net ¥ 38,097,626 ¥ 37,267,708 $ 5,587,178 June 30, September 30, September 30, 2016 2016 2016 Third Party – long-term RMB RMB U.S. Dollars Beijing Yabei Nuoda Science and Technology Co. Ltd. * ¥ 2,467,036 ¥ 2,467,036 $ 369,858 Allowance for doubtful accounts (246,704) (246,704) (36,986) Total - long-term trade accounts receivable, net ¥ 2,220,332 ¥ 2,220,332 $ 332,872 *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 three installments during the period from September, 2015 to December, 2017, with each installment of ¥ 2,467,036 369,858 Provision for accounts receivables due from third party was ¥ 32,038 205,944 30,875

OTHER RECEIVABLES, NET

OTHER RECEIVABLES, NET	3 Months Ended
	Sep. 30, 2016
Other Receivables [Abstract]
Other Receivables Disclosure [Text Block]	NOTE 5. OTHER RECEIVABLES, NET June 30, September 30, September 30, Third Party 2016 2016 2016 Current Portion RMB RMB U.S. Dollars Due from ENI (A) ¥ 2,729,033 ¥ 2,455,924 $ 368,192 Loans to third parties (B) 14,168,344 12,108,344 1,815,284 Business advance to staff (C) 4,952,114 5,527,172 828,634 Deposits for projects 893,669 865,892 129,815 Others 534,759 440,085 65,978 Allowance for doubtful accounts (1,277,807) (1,295,455) (194,215) Total ¥ 22,000,112 ¥ 20,101,962 $ 3,013,688 Provision for other receivables was ¥ 19,000 17,648 2,646 (A) The remaining part of this loan will be repaid over four years with quarterly installments of ¥ 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 advances to staffs represent advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance.

PURCHASE ADVANCES

PURCHASE ADVANCES	3 Months Ended
	Sep. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets Disclosure [Text Block]	NOTE 6. PURCHASE ADVANCES June 30, September 30, September 30, 2016 2016 2016 Third Party RMB RMB U.S. Dollars Prepayment for inventory purchase ¥ 17,914,552 ¥ 20,787,693 $ 3,116,493 Allowance for doubtful accounts (16,591,247) (16,787,569) (2,516,794) Total ¥ 1,323,305 ¥ 4,000,124 $ 599,699 Provision for purchase advances were ¥ 2,058,888 196,322 29,432

INVENTORIES

INVENTORIES	3 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	NOTE 7. INVENTORIES June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars Small component parts ¥ 55,726 ¥ 55,726 $ 8,354 Purchased goods and raw materials 61,361 51,617 7,738 Work in process and goods on site 3,539,525 3,274,359 490,892 Finished goods 8,054,637 8,617,846 1,291,990 Allowance for slow moving inventory (5,398,179) (5,660,314) (848,595) Total inventories, net ¥ 6,313,070 ¥ 6,339,234 $ 950,379 Recovery of slow moving inventory was ¥ 123,332 262,135 39,299

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	3 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 8. PROPERTY AND EQUIPMENT, NET June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars Motor vehicles ¥ 3,871,567 ¥ 3,702,767 $ 555,119 Office equipment and fixtures 828,285 857,906 128,617 Production equipment 916,025 916,025 137,331 Total property and equipment 5,615,877 5,476,698 821,067 Less: Accumulated depreciation (2,708,115) (2,753,335) (412,780) Property and equipment, net ¥ 2,907,762 ¥ 2,723,363 $ 408,287 Depreciation expense was ¥ 259,768 205,580 30,821

OTHER PAYABLES

OTHER PAYABLES	3 Months Ended
	Sep. 30, 2016
Other Liabilities Disclosure [Abstract]
Other Liabilities Disclosure [Text Block]	NOTE 9. OTHER PAYABLES June 30, September 30, September 30, 2016 2016 2016 Third Party RMB RMB U.S. Dollars Service ¥ 1,659,505 ¥ 1,630,906 $ 244,506 Distributors and employees 245,070 60,999 9,145 Funds collected on behalf of others 895,022 895,022 134,182 Others 172,595 200,516 30,061 Total ¥ 2,972,192 ¥ 2,787,443 $ 417,894 June 30, September 30, September 30, 2016 2016 2016 Related Party RMB RMB U.S. Dollars Expenses paid by the major shareholders ¥ 3,144,263 ¥ 2,889,437 $ 433,185 Due to family member of one owner 285,000 570,000 85,454 Due to management staff for costs incurred on behalf of Recon 250,981 253,261 37,969 Total ¥ 3,680,244 ¥ 3,712,698 $ 556,608

TAXES PAYABLE

TAXES PAYABLE	3 Months Ended
	Sep. 30, 2016
Taxes Payable [Abstract]
Taxes Payable Disclosure [Text Block]	NOTE 10. TAXES PAYABLE June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars VAT payable ¥ 739,260 ¥ 676,378 $ 101,403 Other taxes payable 16,620 6,770 1,015 Total taxes payable ¥ 755,880 ¥ 683,148 $ 102,418

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	3 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	NOTE 11. SHORT-TERM BORROWINGS Short-term borrowings from a third party were fully repaid in 2016 without interest, due on August 15, 2016. Short-term borrowings from related parties consisted of the following: June 30, September 30, September 30, 2016 2016 2016 Short-term borrowings due to related parties: RMB RMB U.S. Dollars Short-term borrowing from a Founder, 5.75% annual interest, due on September 25, 2016 1,807,207 - - Short-term borrowing from a Founder, 5.75% annual interest, due on October 10, 2016 * 2,409,610 719,854 107,921 Short-term borrowing from a Founder, 5.43% annual interest, due on November 4, 2016 ** 1,805,180 540,245 80,994 Short-term borrowing from a Founder's family member, no interest, due on December 9, 2016 - 1,018,318 152,666 Short-term borrowing from a Founder's family member, no interest, due on December 16, 2016 1,500,000 1,010,000 151,419 Short-term borrowing from a Founder's family member, no interest, due on December 28, 2016 400,000 400,000 59,968 Short-term borrowing from a Founder's family member, no interest, due on December 31, 2016 - 500,000 74,960 Short-term borrowing from a Founder, 5.22% annual interest, due on March 10, 2017 2,529,795 2,530,522 379,376 Short-term borrowing from a Founder, 5.22% annual interest, due on May 6, 2017 2,490,056 2,474,656 371,001 Short-term borrowing from a Founder, 5.65% annual interest, due on August 24, 2017 - 1,260,132 188,919 Short-term borrowing from a Founder, 5.65% annual interest, due on September 18, 2017 - 801,361 120,140 Short-term borrowing from a Founder, 5.65% annual interest, due on September 30, 2017 - 1,260,165 188,924 Total short-term borrowings due to related parties ¥ 12,941,848 ¥ 12,515,253 $ 1,876,288 * As of October 10, 2016, ¥ 719,854 107,921 ** As of November 4, 2016, the Company repaid ¥ 540,245 80,994 Interest expense for short-term borrowings due to related parties was ¥ 171,448 132,490 19,863

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	3 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 12. SHAREHOLDERS’ EQUITY Stock offering In June 2015, the Company entered into a securities purchase agreement with certain institutional investors for the sale of 297,197 4,000 1.64 288,105 2.12 5,092 2.00 1,294,922 212,673 2,392,027 0.6 During the year ended June 30, 2016, the Company offered 15,874 158,268 23,820 During the three months ended September 30, 2016, the Company did not offer any ordinary shares under the purchase agreement. 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 4,148,929 622,008

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 13. STOCK-BASED COMPENSATION Stock-Based Awards Plan 2012 Incentive Plan – The Company granted options to purchase 415,000 2.96 20 March 26, 2022 10.06 1.49 2015 Incentive Plan – The Company granted options to purchase 400,000 1.65 The Company recognizes compensation cost for awards with graded vesting on a straight-line basis over the requisite service period for the entire award. The grant date fair value of the options was ¥ 10.13 1.65 Weighted Average Exercise Price Per Stock Options Shares Share Outstanding as of June 30, 2016 815,600 $ 3.04 Granted - - Forfeited - - Exercised - - Outstanding as of September 30, 2016 815,600 $ 3.04 Outstanding Options Exercisable Options Average Average Remaining Remaining Average Exercise Contractual Average Exercise Contractual Price Number life (Years) Price Number life (Years) $ 6.00 193,000 2.83 $ 6.00 193,000 2.83 $ 2.96 222,600 5.49 $ 2.96 148,400 5.49 $ 1.65 400,000 8.34 $ 1.65 133,333 8.34 815,600 The Share-based compensation expense recorded for stock options granted were ¥ 509,528 543,102 81,422 2.3 0.35 1.21 Restricted Shares to senior manager As of September 30, 2016, the Company has granted restricted shares of common stock to senior management as follows: On December 13, 2013, the Company granted 95,181 135,181 4,207,496 688,782 2.99 On January 31, 2015, the Company granted 150,000 150,000 3,038,558 495,000 1.65 On October 18, 2015, the Company granted 800,000 704,000 0.88 On July 27, 2016, the Company granted 876,000 963,600 1.10 The Share-based compensation expense recorded for restricted shares granted were ¥ 617,024 1,423,568 213,421 11.0 1.66 2.33 Restricted Shares for service For the three months ended September 30, 2016, the Company has granted restricted shares of common stock to consultants as follows: On July 27, 2016, the Company approved the grant of 250,000 Restricted stock grants Shares Non-vested as of June 30, 2016 1,076,787 Granted 1,126,000 Cancelled - Vested - Non-vested as of September 30, 2016 2,202,787

INCOME TAX

INCOME TAX	3 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 14. 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 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, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars Cayman Island and other areas ¥ (2,393,591) ¥ (3,215,108) $ (482,009) China (6,471,472) (2,265,619) (339,663) Total ¥ (8,865,063) ¥ (5,480,727) $ (821,672) June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars Allowance for doubtful receivables ¥ 1,958,120 ¥ 1,958,120 $ 293,562 Net operating loss carry forward 1,790,615 2,233,564 340,750 Less: Valuation allowance (3,748,735) (4,191,684) (634,312) Total deferred income tax assets ¥ - ¥ - $ - Deferred tax liability is comprised of the following: June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars Income tax cost due to unpayable accounts ¥ 180,186 ¥ 180,186 $ 27,014 Total deferred income tax liability ¥ 180,186 ¥ 180,186 $ 27,014 For the three months ended September 30, 2015 2016 2016 RMB RMB U.S. Dollars Tax refund ¥ - ¥ (20,143) $ (3,020) Deferred income taxes benefit (16,457) - - Benefit for income tax ¥ (16,457) ¥ (20,143) $ (3,020)

NON-CONTROLLING INTEREST

NON-CONTROLLING INTEREST	3 Months Ended
	Sep. 30, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest Disclosure [Text Block]	NOTE 15. NON-CONTROLLING INTEREST As of June 30, 2016 Nanjing BHD Recon Total Total RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 1,851,000 $ 278,583 Unappropriated retained earnings 3,152,687 3,250,513 6,403,200 963,709 Accumulated other comprehensive loss (18,850) (11,853) (30,703) (4,621) Total non-controlling interest ¥ 4,784,837 ¥ 3,438,660 ¥ 8,223,497 $ 1,237,671 As of September 30, 2016 Nanjing BHD Recon Total Total RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 1,851,000 $ 277,502 Unappropriated retained earnings 3,152,687 3,250,513 6,403,200 959,968 Accumulated other comprehensive loss (18,850) (11,853) (30,703) (4,603) Total non-controlling interest ¥ 4,784,837 ¥ 3,438,660 ¥ 8,223,497 $ 1,232,867

CONCENTRATIONS

CONCENTRATIONS	3 Months Ended
	Sep. 30, 2016
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	NOTE 16. CONCENTRATIONS For the three months ended September 30, 2015 and 2016, the two largest customers, China National Petroleum Corporation (“CNPC”) and China Petroleum & Chemical Corporation Limited (“SINOPEC”), represented approximately 81.21 91.77 For the three months ended September 30, 2015, four major suppliers accounted for 60 58

COMMITMENTS AND CONTINGENCY

COMMITMENTS AND CONTINGENCY	3 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 17. COMMITMENTS AND CONTINGENCY (a) Office Leases Twelve months ending September 30, Office lease payment RMB U.S. Dollars 2017 ¥ 1,021,000 $ 153,068 2018 360,000 53,971 Total ¥ 1,381,000 $ 207,039 (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 September 30, 2016, the Company estimated its severance payments of approximately ¥ 1.7 0.25

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	3 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 18. RELATED PARTY TRANSACTIONS AND BALANCES purchases from related parties consisted of the following: For the three months ended September 30, 2015 2016 2016 RMB RMB U.S. Dollars Huanghua Heng Da Xiang Tong Manufacture Ltd ¥ 300,393 ¥ - $ - Xiamen Huangsheng Hitek Computer Network Co. Ltd. 576,098 - - Purchase from related parties ¥ 876,491 ¥ - $ - 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 ¥ 140,000 1.68 0.25 Short-term borrowings from related parties - The Company borrowed ¥ 12,941,848 12,515,253 1,876,288 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, 2016 and September 30, 2016, ¥ 3,144,263 2,889,437 433,185

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Disclosure Of Variable Interest Entities [Text Block]	NOTE 19. 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. June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars ASSETS Current Assets Cash and cash equivalents ¥ 619,430 ¥ 416,118 $ 62,384 Notes receivable 4,660,177 3,105,770 465,617 Trade accounts receivable, net 38,097,626 37,267,708 5,587,178 Purchase advances 1,323,305 4,000,124 599,699 Other assets 25,584,030 23,986,051 3,595,991 Total current assets ¥ 70,284,568 ¥ 68,775,771 $ 10,310,869 Non-current assets 5,113,193 4,929,878 739,088 Total Assets ¥ 75,397,761 ¥ 73,705,649 $ 11,049,957 LIABILITIES Trade accounts payable ¥ 7,540,430 ¥ 9,267,662 $ 1,389,409 Taxes payable 755,881 683,148 102,418 Other liabilities 19,025,594 17,692,534 2,652,466 Total current liabilities 27,321,905 27,643,344 4,144,293 Total Liabilities ¥ 27,321,905 ¥ 27,643,344 $ 4,144,293 The financial performance of VIEs reported in the unaudited condensed consolidated statement of operations and comprehensive income for the three months ended September 30, 2016 includes revenues of ¥ 7,802,103 1,169,692 3,106,810 465,773 2,013,555 301,872

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 20. SUBSEQUENT EVENTS On October 11, 2016, the Company borrowed ¥ 720,000 107,942 5.66 On November 1, 2016, the Company borrowed ¥ 1,420,000 212,887 5.66 On November 12, 2016, the Board approved to issue 330,000 306,900 0.93

SIGNIFICANT ACCOUNTING POLICI26

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of presentation - The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information pursuant to the rules of the SEC and have been consistently applied. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended June 30, 2016. The results of operations for the interim periods presented may not be indicative of the operating results to be expected for the Company’s fiscal year ending June 30, 2017.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation - The unaudited condensed consolidated financial statements include the accounts of the Company, all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation.
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	Variable Interest Entities - A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support or (ii) has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated by its primary beneficiary. The primary beneficiary has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. The Company performs ongoing assessments to determine whether an entity should be considered a VIE and whether an entity previously identified as a VIE continues to be a VIE and whether the Company continues to be the primary beneficiary. Assets recognized as a result of consolidating VIEs do not represent additional assets that could be used to satisfy claims against the Company’s general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets; rather, they represent claims against the specific assets of the consolidated VIEs.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Currency Translation - The Company’s functional currency is the Chinese Yuan (“RMB”) and the accompanying unaudited condensed consolidated financial statements have been expressed in Chinese Yuan. The unaudited condensed consolidated financial statements as of and for the three months ended September 30, 2016 have been translated into United States dollars (“U.S. dollars”) solely for the convenience of the readers. The translation has been made at the rate of ¥6.6702 = US$1.00, the approximate exchange rate prevailing on September 30, 2016. These translated U.S. dollar amounts should not be construed as representing Chinese Yuan amounts or that the Chinese Yuan amounts have been or could be converted into U.S. dollars.
Use of Estimates, Policy [Policy Text Block]	Estimates and assumptions - The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Estimates are adjusted to reflect actual experience when necessary. Significant accounting estimates reflected in the Company’s unaudited condensed consolidated financial statements include revenue recognition, allowance for doubtful accounts, allowance for inventory, the useful lives of property and equipment and the fair value of share- based payments. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates.
Fair Value of Financial Instruments, Policy [Policy Text Block]	- The US GAAP accounting standards regarding fair value of financial instruments and related fair value measurements define fair value, establish a three-level valuation hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable. The carrying amounts reported in the unaudited condensed 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.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Trade Accounts and Other Receivables - Accounts receivable are carried at original invoiced amount less a provision for any potential uncollectible amounts. Accounts are considered past due when the related receivables are more than a year old. Provision is made against trade accounts and other receivables to the extent they are considered to be doubtful. Accounts are written off after extensive efforts at collection. Other receivables arise from transactions with non-trade customers.
Purchase Advances [Policy Text Block]	Purchase Advances - Purchase advances are the amounts prepaid to suppliers for purchases of inventory and are recognized as inventory when the final amount is paid to the suppliers and the inventory is delivered.
Inventory, Policy [Policy Text Block]	Inventories - Inventories are stated at the lower of cost or market value, on a first-in-first-out basis. The methods of determining inventory costs are used consistently from year to year. Allowance for inventory obsolescence is provided when the market value of certain inventory items is lower than the cost.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment - Property and equipment are stated at cost. Depreciation on motor vehicles and office equipment is computed using the straight-line method over the estimated useful lives of the assets, which range from two to ten years. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the assets. Items Useful life Motor vehicles 5-10 years Office equipment 2-5 years Leasehold improvement 5 years Production equipment 10 years
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Assets - The Company applies the ASC Topic 360 “Property, plant and equipment.” ASC Topic 360 requires that long-lived assets, such as property and equipment be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. Fair value is determined based on the estimated discounted future cash flows expected to be generated by the asset. There were no impairments at June 30, 2016 and September 30, 2016.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition - The Company recognizes revenue when the following four criteria are met: (1) persuasive evidence of an arrangement, (2) delivery has occurred or services have been provided, (3) the sales price is fixed or determinable, and (4) collectability is reasonably assured. Delivery does not occur until products have been shipped or services have been provided to the customers and the customers have signed a completion and acceptance report, risk of loss has transferred to the customers, customers’ acceptance provisions have lapsed, or the Company has objective evidence that the criteria specified in customers’ acceptance provisions have been satisfied. The sales price is not considered to be fixed or determinable until all contingencies related to the sale have been resolved. Hardware and software: Revenue from hardware and software sales is generally recognized when the product with the embedded software system is shipped to the customer and when there are no unfulfilled company obligations that affect the customer’s final acceptance of the arrangement. Revenue from software is recognized according to project contracts. Usually this is short term. Revenue is not recognized until completion of the contracts and receipt of acceptance. 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.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Share-Based Compensation - The Company accounts for share-based compensation in accordance with ASC Topic 718, Share-Based Payment. Under the fair value recognition provisions of this topic, share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense with graded vesting on a straight–line basis over the requisite service period for the entire award. The Company has elected to recognize compensation expenses using the Binomial Lattice valuation model estimated at the grant date based on the award’s fair value.
Income Tax, Policy [Policy Text Block]	Income Taxes - Provisions for income taxes are based 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.
Earnings Per Share, Policy [Policy Text Block]	Loss per Share - Basic 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 ended September 30, 2015 and 2016.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In October 2016, the FASB has issued Accounting Standards Update

TRADE ACCOUNTS RECEIVABLE, NET

TRADE ACCOUNTS RECEIVABLE, NET (Tables)	3 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Schedule Of Accounts Receivable Third Party [Table Text Block]	Accounts receivable consisted of the following: June 30, September 30, September 30, 2016 2016 2016 Third Party RMB RMB U.S. Dollars Trade accounts receivable ¥ 42,665,499 ¥ 41,629,636 $ 6,241,119 Allowance for doubtful accounts (4,567,873) (4,361,928) (653,941) Total - third-party, net ¥ 38,097,626 ¥ 37,267,708 $ 5,587,178 June 30, September 30, September 30, 2016 2016 2016 Third Party – long-term RMB RMB U.S. Dollars Beijing Yabei Nuoda Science and Technology Co. Ltd. * ¥ 2,467,036 ¥ 2,467,036 $ 369,858 Allowance for doubtful accounts (246,704) (246,704) (36,986) Total - long-term trade accounts receivable, net ¥ 2,220,332 ¥ 2,220,332 $ 332,872 *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 three installments during the period from September, 2015 to December, 2017, with each installment of ¥ 2,467,036 369,858

OTHER RECEIVABLES, NET (Tables)

OTHER RECEIVABLES, NET (Tables)	3 Months Ended
	Sep. 30, 2016
Other Receivables [Abstract]
Schedule Of Other Receivables [Table Text Block]	Other receivables consisted of the following: June 30, September 30, September 30, Third Party 2016 2016 2016 Current Portion RMB RMB U.S. Dollars Due from ENI (A) ¥ 2,729,033 ¥ 2,455,924 $ 368,192 Loans to third parties (B) 14,168,344 12,108,344 1,815,284 Business advance to staff (C) 4,952,114 5,527,172 828,634 Deposits for projects 893,669 865,892 129,815 Others 534,759 440,085 65,978 Allowance for doubtful accounts (1,277,807) (1,295,455) (194,215) Total ¥ 22,000,112 ¥ 20,101,962 $ 3,013,688 Provision for other receivables was ¥ 19,000 17,648 2,646 (A) The remaining part of this loan will be repaid over four years with quarterly installments of ¥ 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 advances to staffs represent advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance.

PURCHASE ADVANCES (Tables)

PURCHASE ADVANCES (Tables)	3 Months Ended
	Sep. 30, 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, September 30, September 30, 2016 2016 2016 Third Party RMB RMB U.S. Dollars Prepayment for inventory purchase ¥ 17,914,552 ¥ 20,787,693 $ 3,116,493 Allowance for doubtful accounts (16,591,247) (16,787,569) (2,516,794) Total ¥ 1,323,305 ¥ 4,000,124 $ 599,699

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consisted of the following: June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars Small component parts ¥ 55,726 ¥ 55,726 $ 8,354 Purchased goods and raw materials 61,361 51,617 7,738 Work in process and goods on site 3,539,525 3,274,359 490,892 Finished goods 8,054,637 8,617,846 1,291,990 Allowance for slow moving inventory (5,398,179) (5,660,314) (848,595) Total inventories, net ¥ 6,313,070 ¥ 6,339,234 $ 950,379

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	3 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property and equipment consisted of the following: June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars Motor vehicles ¥ 3,871,567 ¥ 3,702,767 $ 555,119 Office equipment and fixtures 828,285 857,906 128,617 Production equipment 916,025 916,025 137,331 Total property and equipment 5,615,877 5,476,698 821,067 Less: Accumulated depreciation (2,708,115) (2,753,335) (412,780) Property and equipment, net ¥ 2,907,762 ¥ 2,723,363 $ 408,287

OTHER PAYABLES (Tables)

OTHER PAYABLES (Tables)	3 Months Ended
	Sep. 30, 2016
Other Liabilities Disclosure [Abstract]
Schedule Of Other Payables [Table Text Block]	Other payables consisted of the following: June 30, September 30, September 30, 2016 2016 2016 Third Party RMB RMB U.S. Dollars Service ¥ 1,659,505 ¥ 1,630,906 $ 244,506 Distributors and employees 245,070 60,999 9,145 Funds collected on behalf of others 895,022 895,022 134,182 Others 172,595 200,516 30,061 Total ¥ 2,972,192 ¥ 2,787,443 $ 417,894
Schedule Of Other Payables Related Party [Table Text Block]	June 30, September 30, September 30, 2016 2016 2016 Related Party RMB RMB U.S. Dollars Expenses paid by the major shareholders ¥ 3,144,263 ¥ 2,889,437 $ 433,185 Due to family member of one owner 285,000 570,000 85,454 Due to management staff for costs incurred on behalf of Recon 250,981 253,261 37,969 Total ¥ 3,680,244 ¥ 3,712,698 $ 556,608

TAXES PAYABLE (Tables)

TAXES PAYABLE (Tables)	3 Months Ended
	Sep. 30, 2016
Taxes Payable [Abstract]
Taxes Payable [Table Text Block]	Taxes payable consisted of the following: June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars VAT payable ¥ 739,260 ¥ 676,378 $ 101,403 Other taxes payable 16,620 6,770 1,015 Total taxes payable ¥ 755,880 ¥ 683,148 $ 102,418

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	3 Months Ended
	Sep. 30, 2016
Related Party [Member]
Short-term Debt [Line Items]
Schedule of Short-term Debt [Table Text Block]	June 30, September 30, September 30, 2016 2016 2016 Short-term borrowings due to related parties: RMB RMB U.S. Dollars Short-term borrowing from a Founder, 5.75% annual interest, due on September 25, 2016 1,807,207 - - Short-term borrowing from a Founder, 5.75% annual interest, due on October 10, 2016 * 2,409,610 719,854 107,921 Short-term borrowing from a Founder, 5.43% annual interest, due on November 4, 2016 ** 1,805,180 540,245 80,994 Short-term borrowing from a Founder's family member, no interest, due on December 9, 2016 - 1,018,318 152,666 Short-term borrowing from a Founder's family member, no interest, due on December 16, 2016 1,500,000 1,010,000 151,419 Short-term borrowing from a Founder's family member, no interest, due on December 28, 2016 400,000 400,000 59,968 Short-term borrowing from a Founder's family member, no interest, due on December 31, 2016 - 500,000 74,960 Short-term borrowing from a Founder, 5.22% annual interest, due on March 10, 2017 2,529,795 2,530,522 379,376 Short-term borrowing from a Founder, 5.22% annual interest, due on May 6, 2017 2,490,056 2,474,656 371,001 Short-term borrowing from a Founder, 5.65% annual interest, due on August 24, 2017 - 1,260,132 188,919 Short-term borrowing from a Founder, 5.65% annual interest, due on September 18, 2017 - 801,361 120,140 Short-term borrowing from a Founder, 5.65% annual interest, due on September 30, 2017 - 1,260,165 188,924 Total short-term borrowings due to related parties ¥ 12,941,848 ¥ 12,515,253 $ 1,876,288 * As of October 10, 2016, ¥ 719,854 107,921 ** As of November 4, 2016, the Company repaid ¥ 540,245 80,994

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following is a summary of the stock options activity: Weighted Average Exercise Price Per Stock Options Shares Share Outstanding as of June 30, 2016 815,600 $ 3.04 Granted - - Forfeited - - Exercised - - Outstanding as of September 30, 2016 815,600 $ 3.04
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 September 30, 2016: Outstanding Options Exercisable Options Average Average Remaining Remaining Average Exercise Contractual Average Exercise Contractual Price Number life (Years) Price Number life (Years) $ 6.00 193,000 2.83 $ 6.00 193,000 2.83 $ 2.96 222,600 5.49 $ 2.96 148,400 5.49 $ 1.65 400,000 8.34 $ 1.65 133,333 8.34 815,600
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Following is a summary of the restricted stock granted: Restricted stock grants Shares Non-vested as of June 30, 2016 1,076,787 Granted 1,126,000 Cancelled - Vested - Non-vested as of September 30, 2016 2,202,787

INCOME TAX (Tables)

INCOME TAX (Tables)	3 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Loss before provision for income taxes consisted of: June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars Cayman Island and other areas ¥ (2,393,591) ¥ (3,215,108) $ (482,009) China (6,471,472) (2,265,619) (339,663) Total ¥ (8,865,063) ¥ (5,480,727) $ (821,672)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred tax asset is comprised of the following: June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars Allowance for doubtful receivables ¥ 1,958,120 ¥ 1,958,120 $ 293,562 Net operating loss carry forward 1,790,615 2,233,564 340,750 Less: Valuation allowance (3,748,735) (4,191,684) (634,312) Total deferred income tax assets ¥ - ¥ - $ - Deferred tax liability is comprised of the following: June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars Income tax cost due to unpayable accounts ¥ 180,186 ¥ 180,186 $ 27,014 Total deferred income tax liability ¥ 180,186 ¥ 180,186 $ 27,014
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The Company’s tax benefit is comprised of the following: For the three months ended September 30, 2015 2016 2016 RMB RMB U.S. Dollars Tax refund ¥ - ¥ (20,143) $ (3,020) Deferred income taxes benefit (16,457) - - Benefit for income tax ¥ (16,457) ¥ (20,143) $ (3,020)

NON-CONTROLLING INTEREST(Tables

NON-CONTROLLING INTEREST(Tables)	3 Months Ended
	Sep. 30, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest [Table Text Block]	Non-controlling interest consisted of the following: As of June 30, 2016 Nanjing BHD Recon Total Total RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 1,851,000 $ 278,583 Unappropriated retained earnings 3,152,687 3,250,513 6,403,200 963,709 Accumulated other comprehensive loss (18,850) (11,853) (30,703) (4,621) Total non-controlling interest ¥ 4,784,837 ¥ 3,438,660 ¥ 8,223,497 $ 1,237,671 As of September 30, 2016 Nanjing BHD Recon Total Total RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 1,851,000 $ 277,502 Unappropriated retained earnings 3,152,687 3,250,513 6,403,200 959,968 Accumulated other comprehensive loss (18,850) (11,853) (30,703) (4,603) Total non-controlling interest ¥ 4,784,837 ¥ 3,438,660 ¥ 8,223,497 $ 1,232,867

COMMITMENTS AND CONTINGENCY (Ta

COMMITMENTS AND CONTINGENCY (Tables)	3 Months Ended
	Sep. 30, 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 September 30, 2016: Twelve months ending September 30, Office lease payment RMB U.S. Dollars 2017 ¥ 1,021,000 $ 153,068 2018 360,000 53,971 Total ¥ 1,381,000 $ 207,039

RELATED PARTY TRANSACTIONS AN39

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	3 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Purchases From Related Parties [Table Text Block]	Purchases from related parties – purchases from related parties consisted of the following: For the three months ended September 30, 2015 2016 2016 RMB RMB U.S. Dollars Huanghua Heng Da Xiang Tong Manufacture Ltd ¥ 300,393 ¥ - $ - Xiamen Huangsheng Hitek Computer Network Co. Ltd. 576,098 - - Purchase from related parties ¥ 876,491 ¥ - $ -

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities [Table Text Block]	June 30, September 30, September 30, 2016 2016 2016 RMB RMB U.S. Dollars ASSETS Current Assets Cash and cash equivalents ¥ 619,430 ¥ 416,118 $ 62,384 Notes receivable 4,660,177 3,105,770 465,617 Trade accounts receivable, net 38,097,626 37,267,708 5,587,178 Purchase advances 1,323,305 4,000,124 599,699 Other assets 25,584,030 23,986,051 3,595,991 Total current assets ¥ 70,284,568 ¥ 68,775,771 $ 10,310,869 Non-current assets 5,113,193 4,929,878 739,088 Total Assets ¥ 75,397,761 ¥ 73,705,649 $ 11,049,957 LIABILITIES Trade accounts payable ¥ 7,540,430 ¥ 9,267,662 $ 1,389,409 Taxes payable 755,881 683,148 102,418 Other liabilities 19,025,594 17,692,534 2,652,466 Total current liabilities 27,321,905 27,643,344 4,144,293 Total Liabilities ¥ 27,321,905 ¥ 27,643,344 $ 4,144,293

ORGANIZATION AND NATURE OF OP41

ORGANIZATION AND NATURE OF OPERATIONS (Details Textual)	3 Months Ended
	Sep. 30, 2016
Variable Interest Entity, Terms of Arrangements	the Company is able to absorb 90% of net interest or 100% of net loss of those VIEs.

SIGNIFICANT ACCOUNTING POLICI42

SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	3 Months Ended
	Sep. 30, 2016
Accounting Policies [Line Items]
Foreign Currency Transactions, Description	The translation has been made at the rate of ¥6.6702 = US$1.00, the approximate exchange rate prevailing on September 30, 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
Production equipment [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years

TRADE ACCOUNTS RECEIVABLE, NE43

TRADE ACCOUNTS RECEIVABLE, NET (Details)		Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Third Party
Total - third- party, net		¥ 37,267,708	$ 5,587,178	¥ 38,097,626
Third Party [Member]
Third Party
Trade accounts receivable		41,629,636	6,241,119	42,665,499
Allowance for doubtful accounts		(4,361,928)	(653,941)	(4,567,873)
Total - third- party, net		37,267,708	5,587,178	38,097,626
Third Party - long-term
Allowance for doubtful accounts		(246,704)	(36,986)	(246,704)
Total - long-term trade accounts receivable, net		2,220,332	332,872	2,220,332
Beijing Yabei Nuoda Science and Technology Co Ltd [Member]
Third Party - long-term
Trade accounts receivable	[1]	¥ 2,467,036	$ 369,858	¥ 2,467,036
[1]	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 three installments during the period from September, 2015 to December, 2017, with each installment of ¥2,467,036 ($369,858). During the year ended June 30, 2016, the Company received the first payment on time as scheduled.

TRADE ACCOUNTS RECEIVABLE, NE44

TRADE ACCOUNTS RECEIVABLE, NET (Details Textual)	3 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)	Sep. 30, 2016USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivables Will Be Collected In Next Twelve Months	¥ 2,467,036			$ 369,858
Provision for Doubtful Accounts	8,026	$ 1,203	¥ 2,109,926
Third Party [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Doubtful Accounts	¥ 205,944	$ 30,875	¥ 32,038

OTHER RECEIVABLES, NET (Details

OTHER RECEIVABLES, NET (Details) - Third Party [Member]		Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Current Portion
Due from ENI	[1]	¥ 2,455,924	$ 368,192	¥ 2,729,033
Loans to third parties	[2]	12,108,344	1,815,284	14,168,344
Business advance to staff	[3]	5,527,172	828,634	4,952,114
Deposits for projects		865,892	129,815	893,669
Others		440,085	65,978	534,759
Allowance for doubtful accounts		(1,295,455)	(194,215)	(1,277,807)
Total		¥ 20,101,962	$ 3,013,688	¥ 22,000,112
[1]	The remaining part of this loan will be repaid over four years with quarterly installments of ¥699,147, which is due by June 30, 2017. 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 advances to staffs represent advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance.

OTHER RECEIVABLES, NET (Detai46

OTHER RECEIVABLES, NET (Details Textual)	3 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)
Other Receivables [Line Items]
Loans Receivable Under Installment	¥ 699,147
Provision for Other Credit Losses	¥ 17,648	$ 2,646	¥ 19,000

PURCHASE ADVANCES (Details)

PURCHASE ADVANCES (Details) - Third Party [Member]	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Purchase Advances [Line Items]
Prepayment for inventory purchase	¥ 20,787,693	$ 3,116,493	¥ 17,914,552
Allowance for doubtful accounts	(16,787,569)	(2,516,794)	(16,591,247)
Total	¥ 4,000,124	$ 599,699	¥ 1,323,305

PURCHASE ADVANCES (Details Text

PURCHASE ADVANCES (Details Textual)	3 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)
Purchase Advances [Line Items]
Provision For Advances on Purchases	¥ 196,322	$ 29,432	¥ 2,058,888

INVENTORIES (Details)

INVENTORIES (Details)	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Inventory [Line Items]
Small component parts	¥ 55,726	$ 8,354	¥ 55,726
Purchased goods and raw materials	51,617	7,738	61,361
Work in process and goods on site	3,274,359	490,892	3,539,525
Finished goods	8,617,846	1,291,990	8,054,637
Allowance for slow moving inventory	(5,660,314)	(848,595)	(5,398,179)
Total inventories, net	¥ 6,339,234	$ 950,379	¥ 6,313,070

INVENTORIES (Details Textual)

INVENTORIES (Details Textual)	3 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)
Inventory [Line Items]
Provision For Inventories	¥ 262,135	$ 39,299	¥ (123,332)

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details)	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Property, Plant and Equipment [Line Items]
Total property and equipment	¥ 5,476,698	$ 821,067	¥ 5,615,877
Less: Accumulated depreciation	(2,753,335)	(412,780)	(2,708,115)
Property and equipment, net	2,723,363	408,287	2,907,762
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	3,702,767	555,119	3,871,567
Office equipment and fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	857,906	128,617	828,285
Production equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	¥ 916,025	$ 137,331	¥ 916,025

PROPERTY AND EQUIPMENT, NET (52

PROPERTY AND EQUIPMENT, NET (Details Textual)	3 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)
Property, Plant and Equipment [Line Items]
Depreciation	¥ 205,580	$ 30,821	¥ 259,768

OTHER PAYABLES (Details)

OTHER PAYABLES (Details) - Third Party [Member]	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Other Payables [Line Items]
Service	¥ 1,630,906	$ 244,506	¥ 1,659,505
Distributors and employees	60,999	9,145	245,070
Funds collected on behalf of others	895,022	134,182	895,022
Others	200,516	30,061	172,595
Total	¥ 2,787,443	$ 417,894	¥ 2,972,192

OTHER PAYABLES (Details 1)

OTHER PAYABLES (Details 1) - Related Party [Member]	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Other Payables [Line Items]
Expenses paid by the major shareholders	¥ 2,889,437	$ 433,185	¥ 3,144,263
Due to family member of one owner	570,000	85,454	285,000
Due to management staff for costs incurred on behalf of Recon	253,261	37,969	250,981
Total	¥ 3,712,698	$ 556,608	¥ 3,680,244

TAXES PAYABLE (Details)

TAXES PAYABLE (Details)	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Taxes Payable [Line Items]
VAT payable	¥ 676,378	$ 101,403	¥ 739,260
Other taxes payable	6,770	1,015	16,620
Total taxes payable	¥ 683,148	$ 102,418	¥ 755,880

SHORT-TERM BORROWINGS (Details)

SHORT-TERM BORROWINGS (Details)		Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Short-term Debt [Line Items]
Total short-term borrowings due to related parties		¥ 12,515,253	$ 1,876,288	¥ 12,941,848
Short Term Borrowings One [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties		0	0	1,807,207
Short Term Borrowings Two [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	[1]	719,854	107,921	2,409,610
Short Term Borrowings Three [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	[2]	540,245	80,994	1,805,180
Short Term Borrowings Four [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties		1,018,318	152,666	0
Short Term Borrowings Five [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties		1,010,000	151,419	1,500,000
Short Term Borrowings Six [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties		400,000	59,968	400,000
Short Term Borrowings Seven [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties		500,000	74,960	0
Short Term Borrowing Eight [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties		2,530,522	379,376	2,529,795
Short Term Borrowings Nine [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties		2,474,656	371,001	2,490,056
Short Term Borrowing Ten [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties		1,260,132	188,919	0
Short Term Borrowing Eleven [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties		801,361	120,140	0
Short Term Borrowing Twelve [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties		¥ 1,260,165	$ 188,924	¥ 0
[1]	As of October 10, 2016, ¥719,854 ($107,921) was fully paid back.
[2]	As of November 4, 2016, the Company repaid ¥540,245 ($80,994).

SHORT-TERM BORROWINGS (Details

SHORT-TERM BORROWINGS (Details Textual)	Oct. 10, 2016CNY (¥)	Oct. 10, 2016USD ($)	Nov. 04, 2016CNY (¥)	Nov. 04, 2016USD ($)	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)
Short Term Borrowings [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date					Aug. 15, 2016	Aug. 15, 2016
Interest Expense, Related Party					¥ 132,490	$ 19,863	¥ 171,448
Short Term Borrowings One [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 Two [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 Two [Member] | Subsequent Event [Member]
Short-term Debt [Line Items]
Repayments of Related Party Debt	¥ 719,854	$ 107,921	¥ 540,245	$ 80,994
Short Term Borrowings Three [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%
Short Term Borrowings Four [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date					Dec. 9, 2016	Dec. 9, 2016
Short Term Borrowings Five [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date					Dec. 16, 2016	Dec. 16, 2016
Short Term Borrowings Six [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date					Dec. 28, 2016	Dec. 28, 2016
Short Term Borrowings Seven [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date					Dec. 31, 2016	Dec. 31, 2016
Short Term Borrowings Eight [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 Nine [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date					May 6, 2017	May 6, 2017
Debt Instrument, Interest Rate Percentage					5.22%	5.22%
Short Term Borrowing Ten [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date					Aug. 24, 2017	Aug. 24, 2017
Debt Instrument, Interest Rate Percentage					5.65%	5.65%
Short Term Borrowing Eleven [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date					Sep. 18, 2017	Sep. 18, 2017
Debt Instrument, Interest Rate Percentage					5.65%	5.65%
Short Term Borrowing Twelve [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date					Sep. 30, 2017	Sep. 30, 2017
Debt Instrument, Interest Rate Percentage					5.65%	5.65%

SHAREHOLDERS' EQUITY (Details T

SHAREHOLDERS' EQUITY (Details Textual)	3 Months Ended				12 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)shares	Sep. 30, 2015USD ($)shares	Jun. 30, 2016CNY (¥)shares	Sep. 30, 2016USD ($)	Jun. 11, 2015$ / sharesshares	Jun. 10, 2015$ / sharesshares	Jun. 09, 2015$ / sharesshares
Equity [Line Items]
Proceeds from Issuance of Common Stock	¥ 0	$ 0	¥ 165,823
Percentage Transfer Of Profit To Statutory Reserves	10.00%	10.00%
Transfer Of Profit To Statutory Reserves Up to Certain Percentage Of Registered Capital	50.00%	50.00%
Appropriated retained earnings	¥ 4,148,929				¥ 4,148,929	$ 622,008
Securities Purchase Agreement [Member]
Equity [Line Items]
Sale of Stock, Price Per Share | $ / shares							$ 2	$ 2.12	$ 1.64
Proceeds from Issuance of Common Stock			¥ 1,294,922	$ 212,673
Sale of Stock, Number of Shares Issued in Transaction			297,197	297,197
Shares, Issued							5,092	288,105	4,000
Payments of Stock Issuance Costs			¥ 2,392,027	$ 600,000
Stock Offering [Member]
Equity [Line Items]
Stock Issued During Period, Shares, New Issues					15,874

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details)	3 Months Ended
	Sep. 30, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Options, Shares, Outstanding | shares	815,600
Stock Options, Shares, Granted | shares	0
Stock Options, Shares, Forfeited | shares	0
Stock Option, Shares, Exercised | shares	0
Stock Options, Shares, Outstanding | shares	815,600
Stock Options, Weighted Average Exercise Price Per share, Outstanding | $ / shares	$ 3.04
Stock Options, Weighted Average Exercise Price Per share, Granted | $ / shares	0
Stock Options, Weighted Average Exercise Price Per share, Forfeited | $ / shares	0
Stock Options, Weighted Average Exercise Price Per share, Exercised | $ / shares	0
Stock Options, Weighted Average Exercise Price Per share, Outsatnding | $ / shares	$ 3.04

STOCK-BASED COMPENSATION (Det60

STOCK-BASED COMPENSATION (Details 1)	3 Months Ended
	Sep. 30, 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)	2 years 9 months 29 days
Exercisable Options, Average Exercise Price | $ / shares	$ 6
Exercisable Options, Number (in shares)	193,000
Exercisable Options, Average Remaining Contractual Life (years)	2 years 9 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 5 months 26 days
Exercisable Options, Average Exercise Price | $ / shares	$ 2.96
Exercisable Options, Number (in shares)	148,400
Exercisable Options, Average Remaining Contractual Life (years)	5 years 5 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 4 months 2 days
Exercisable Options, Average Exercise Price | $ / shares	$ 1.65
Exercisable Options, Number (in shares)	133,333
Exercisable Options, Average Remaining Contractual Life (years)	8 years 4 months 2 days

STOCK-BASED COMPENSATION (Det61

STOCK-BASED COMPENSATION (Details 2)	3 Months Ended
	Sep. 30, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - Shares	0
Cancelled - Shares	0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, Balance - Shares	1,076,787
Granted - Shares	1,126,000
Cancelled - Shares	0
Vested - Shares	0
Non-vested, Balance - Shares	2,202,787

STOCK-BASED COMPENSATION (Det62

STOCK-BASED COMPENSATION (Details Textual)	Dec. 13, 2013CNY (¥)shares	Dec. 13, 2013USD ($)$ / sharesshares	Jul. 27, 2016USD ($)$ / sharesshares	Oct. 18, 2015USD ($)$ / sharesshares	Jan. 31, 2015CNY (¥)shares	Jan. 31, 2015USD ($)$ / sharesshares	Mar. 26, 2012¥ / shares$ / sharesshares	Mar. 26, 2012$ / sharesshares	Sep. 30, 2016CNY (¥)¥ / sharesshares	Sep. 30, 2016USD ($)$ / sharesshares	Sep. 30, 2015CNY (¥)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross									0	0
Share-Based Compensation									¥ 1,966,670	$ 294,843	¥ 1,126,552
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross									1,126,000	1,126,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares			$ 963,600
Stock or Unit Option Plan Expense									¥ 1,423,568	$ 213,421	617,024
Stock Issued During Period, Shares, Issued for Services			876,000
Restricted Stock Closing Price | $ / shares			$ 1.10
Stock Issued During Period, Shares, Restricted Stock Award, Gross				800,000
Employees And Non Employee Director [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Closing Price | $ / shares				$ 0.88
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $				$ 704,000
Senior Manager [Member] | 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 3 months 29 days	2 years 3 months 29 days
Share-Based Compensation									¥ 11,000,000	$ 1,660,000
Mr Yin Shenping [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	95,181	95,181			150,000	150,000
Mr. Chen Guangqiang [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Granted, Value, Share-based Compensation, Net of Forfeitures, Total	¥ 4,207,496	$ 688,782			¥ 3,038,558	$ 495,000
Restricted Stock Closing Price | $ / shares		$ 2.99				$ 1.65
Stock Issued During Period, Shares, Restricted Stock Award, Gross	135,181	135,181			150,000	150,000
Strategy Consulting Firm [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Issued for Services			250,000
Stock Issued During Period, Value, Issued for Services | $			$ 275,000
Plan 2009 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date							Mar. 26, 2022	Mar. 26, 2022
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 2 months 16 days	1 year 2 months 16 days
Stock or Unit Option Plan Expense									¥ 543,102	$ 81,422	¥ 509,528
Share-Based Compensation									¥ 2,300,000	$ 350,000
Plan 2012 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross							415,000	415,000
Exercise price (per share) | $ / shares							$ 2.96	$ 2.96
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage							0.00%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | (per share)							$ 10.06	$ 1.49
Plan 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					400,000	400,000
Exercise price (per share) | $ / shares						$ 1.65
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | (per share)									¥ 10.13	$ 1.65

INCOME TAX (Details)

INCOME TAX (Details)	3 Months Ended		12 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Income Taxes [Line Items]
Cayman Island and other areas	¥ (3,215,108)	$ (482,009)	¥ (2,393,591)
China	(2,265,619)	(339,663)	(6,471,472)
Total	¥ (5,480,727)	$ (821,672)	¥ (8,865,063)

INCOME TAX (Details 1)

INCOME TAX (Details 1)	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Income Taxes [Line Items]
Allowance for doubtful receivables	¥ 1,958,120	$ 293,562	¥ 1,958,120
Net operating loss carry forward	2,233,564	340,750	1,790,615
Less: Valuation allowance	(4,191,684)	(634,312)	(3,748,735)
Total deferred income tax assets	0	0	0
Income tax cost due to unpayable accounts	180,186	27,014	180,186
Total deferred income tax liability	¥ 180,186	$ 27,014	¥ 180,186

INCOME TAX (Details 2)

INCOME TAX (Details 2)	3 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)
Income Taxes [Line Items]
Tax refund	¥ (20,143)	$ (3,020)	¥ 0
Deferred income taxes benefit	0	0	(16,458)
Benefit for income tax	¥ (20,143)	$ (3,020)	¥ (16,457)

INCOME TAX (Details Textual)

INCOME TAX (Details Textual)	Dec. 11, 2013	Nov. 25, 2009	Jan. 01, 2008
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate			25.00%
Nanjing Recon Technology Co Ltd [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	15.00%
Beijing Bhd Petroleum Technology Co Ltd [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate		15.00%

NON-CONTROLLING INTEREST (Detai

NON-CONTROLLING INTEREST (Details)	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)	Jun. 30, 2016USD ($)
Noncontrolling Interest [Line Items]
Paid-in capital	¥ 102,557,249	$ 15,375,392	¥ 100,612,455
Accumulated other comprehensive loss	(226,642)	(33,978)	(219,040)
Total non-controlling interest	8,223,497	1,232,867	8,223,497
Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital	1,851,000	277,502	1,851,000	$ 278,583
Unappropriated retained earnings	6,403,200	959,968	6,403,200	963,709
Accumulated other comprehensive loss	(30,703)	(4,603)	(30,703)	(4,621)
Total non-controlling interest	8,223,497	$ 1,232,867	8,223,497	$ 1,237,671
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	(18,850)		(18,850)
Total non-controlling interest	4,784,837		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	(11,853)		(11,853)
Total non-controlling interest	¥ 3,438,660		¥ 3,438,660

CONCENTRATIONS (Details Textual

CONCENTRATIONS (Details Textual) - Sales Revenue, Net [Member]	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Supplier Two [Member]
Concentration Risk [Line Items]
Entity Wide Revenue Major Customer Percentage	58.00%
Supplier Four [Member]
Concentration Risk [Line Items]
Entity Wide Revenue Major Customer Percentage		60.00%
China National Petroleum Corporation [Member]
Concentration Risk [Line Items]
Entity Wide Revenue Major Customer Percentage	81.21%	81.21%
China Petroleum and Chemical Corporation Limited [Member]
Concentration Risk [Line Items]
Entity Wide Revenue Major Customer Percentage	91.77%	91.77%

COMMITMENTS AND CONTINGENCY (De

COMMITMENTS AND CONTINGENCY (Details) - Sep. 30, 2016	CNY (¥)	USD ($)
Commitment and Contingencies [Line Items]
2,017	¥ 1,021,000	$ 153,068
2,018	360,000	53,971
Total	¥ 1,381,000	$ 207,039

COMMITMENTS AND CONTINGENCY (70

COMMITMENTS AND CONTINGENCY (Details Textual) - 3 months ended Sep. 30, 2016 $ in Thousands, ¥ in Millions	CNY (¥)	USD ($)
Commitment and Contingencies [Line Items]
Severance Costs	¥ 1.7	$ 250

RELATED PARTY TRANSACTIONS AN71

RELATED PARTY TRANSACTIONS AND BALANCES (Details)	3 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)
Related Party Transaction [Line Items]
Purchase from related parties	¥ 0	$ 0	¥ 876,491
Huanghua Heng Da Xiang Tong Manufacture Ltd [Member]
Related Party Transaction [Line Items]
Purchase from related parties	0	0	300,393
Xiamen Hengda Hitek Computer Network Co. Ltd [Member]
Related Party Transaction [Line Items]
Purchase from related parties	¥ 0	$ 0	¥ 576,098

RELATED PARTY TRANSACTIONS AN72

RELATED PARTY TRANSACTIONS AND BALANCES (Details Textual)	3 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Related Party Transaction [Line Items]
Expenses Paid By Related Party	¥ 2,889,437		$ 433,185	¥ 3,144,263
Monthly Payment [Member]
Related Party Transaction [Line Items]
Operating Leases, Rent Expense	1,680,000	$ 250,000
Related Party [Member]
Related Party Transaction [Line Items]
Short-term borrowings- related parties	12,515,253		$ 1,876,288	¥ 12,941,848
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)	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)	Jun. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)	Jun. 30, 2015CNY (¥)
ASSETS
Cash and cash equivalents	¥ 554,630	$ 83,150	¥ 1,817,620	$ 272,498	¥ 3,877,272	¥ 12,344,929
Notes receivable	3,105,770	465,617	4,660,177
Trade accounts receivable, net	37,267,708	5,587,178	38,097,626
Total current assets	71,424,688	10,707,996	74,322,220
Total Assets	76,368,383	11,449,155	79,450,314
LIABILITIES
Trade accounts payable	9,267,662	1,389,409	7,540,430
Taxes payable	683,148	102,418	755,880
Total current liabilities	30,270,106	4,538,097	29,850,518
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Cash and cash equivalents	416,118	62,384	619,430
Notes receivable	3,105,770	465,617	4,660,177
Trade accounts receivable, net	37,267,708	5,587,178	38,097,626
Purchase advances	4,000,124	599,699	1,323,305
Other assets	23,986,051	3,595,991	25,584,030
Total current assets	68,775,771	10,310,869	70,284,568
Non-current assets	4,929,878	739,088	5,113,193
Total Assets	73,705,649	11,049,957	75,397,761
LIABILITIES
Trade accounts payable	9,267,662	1,389,409	7,540,430
Taxes payable	683,148	102,418	755,881
Other liabilities	17,692,534	2,652,466	19,025,594
Total current liabilities	27,643,344	4,144,293	27,321,905
Total Liabilities	¥ 27,643,344	$ 4,144,293	¥ 27,321,905

VARIABLE INTEREST ENTITIES (D74

VARIABLE INTEREST ENTITIES (Details Textual)	3 Months Ended
	Sep. 30, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2015CNY (¥)
Variable Interest Entity [Line Items]
Revenues	¥ 7,802,103	$ 1,169,692	¥ 3,593,960
Operating expenses	6,576,169	985,900	9,082,812
Net income	(5,460,584)	(818,652)	¥ (8,848,606)
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Revenues	7,802,103	1,169,692
Operating expenses	3,106,810	465,773
Net income	¥ 2,013,555	$ 301,872

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - Subsequent Event [Member]	Nov. 12, 2016USD ($)$ / sharesshares	Nov. 01, 2016CNY (¥)	Nov. 01, 2016USD ($)	Oct. 11, 2016CNY (¥)	Oct. 11, 2016USD ($)
Subsequent Event [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		5.66%	5.66%	5.66%	5.66%
Proceeds from Related Party Debt		¥ 1,420,000	$ 212,887	¥ 720,000	$ 107,942
Beijing San Li Hai Tian Technology Co. Ltd [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, Issued for Services | shares	330,000
Stock Issued During Period, Value, Issued for Services | $	$ 306,900
Shares Issued, Price Per Share | $ / shares	$ 0.93