Recon Technology (RCON) 20-F 1 Oct 19 2019 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Jun. 30, 2019shares
Document And Entity Information [Abstract]
Document Type	20-F
Document Annual Report 1	true
Document Transition Report 1	false
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Registrant Name	Recon Technology, Ltd
Entity Central Index Key	0001442620
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Trading Symbol	RCON
Entity Common Stock, Shares Outstanding	21,799,300

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Current assets
Cash	$ 658,433	¥ 4,521,325	¥ 45,340,578
Notes receivable	447,615	3,073,680	3,995,962
Trade accounts receivable, net	9,980,673	68,535,282	24,254,007
Trade accounts receivable - related parties, net	496,579	3,409,912	0
Inventories, net	185,024	1,270,523	6,758,841
Other receivables, net	825,070	5,665,593	5,360,953
Loans to third parties	722,316	4,960,000	1,960,000
Purchase advances, net	195,663	1,343,576	12,654,546
Contract assets, net	674,833	4,633,940	0
Prepaid expenses	28,083	192,837	509,682
Prepaid expenses - related parties	31,689	217,600	0
Total current assets	14,245,978	97,824,268	100,834,569
Property and equipment, net	533,192	3,661,321	3,171,109
Construction in progress	3,134,647	21,524,994	11,779,784
Land use right, net	190,465	1,307,887	1,335,126
Investment in unconsolidated entity	4,525,976	31,078,971	0
Long-term trade accounts receivable, net	0	0	4,212,829
Long-term other receivables, net	64,079	440,015	0
Prepayments for construction in progress	166,613	1,144,098	474,100
Total Assets	22,860,950	156,981,554	121,807,517
Current liabilities
Short-term bank loan	364,071	2,500,000	0
Trade accounts payable	2,051,799	14,089,293	8,754,347
Other payables	344,617	2,366,410	3,255,810
Accrued payroll and employees' welfare	201,628	1,384,529	600,434
Investment payable	932,021	6,400,000	0
Taxes payable	317,592	2,180,847	431,913
Short-term borrowings	157,438	1,081,096	0
Total Current Liabilities	6,128,675	42,084,370	25,991,921
Total Liabilities	7,322,274	50,280,574	34,935,755
Commitments and Contingencies
Equity
Common stock, ($0.0185 U.S. dollar par value, 100,000,000 shares authorized; 21,799,300 shares and 18,380,349 shares issued and outstanding as of June 30, 2019 and June 30, 2018, respectively)	395,056	2,712,773	2,279,510
Additional paid-in capital	36,498,048	250,624,798	207,490,280
Statutory reserve	604,201	4,148,929	4,148,929
Accumulated deficit	(23,996,750)	(164,780,885)	(139,424,980)
Accumulated other comprehensive gain	423,769	2,909,936	1,516,093
Total stockholders' equity	13,924,324	95,615,551	76,009,832
Non-controlling interests	1,614,352	11,085,429	10,861,930
Total equity	15,538,676	106,700,980	86,871,762
Total Liabilities and Equity	22,860,950	156,981,554	121,807,517
Related Party [Member]
Current liabilities
Other payables	333,616	2,290,873	3,211,457
Short-term borrowings	1,312,187	9,010,525	9,018,065
Long-term borrowings - related party - current portion	113,706	780,797	719,895
Long-term borrowings - related party	$ 1,193,599	¥ 8,196,204	¥ 8,943,834

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2019	Jun. 30, 2018
BALANCE SHEETS
Common shares, par value (in dollars per share)	$ 0.0185
Common shares, shares authorized	100,000,000	100,000,000
Common shares, shares issued	21,799,300	18,380,349
Common shares, shares outstanding	21,799,300	18,380,349

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS	12 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2019CNY (¥)¥ / sharesshares	Jun. 30, 2018USD ($)shares	Jun. 30, 2018CNY (¥)¥ / sharesshares	Jun. 30, 2017USD ($)shares	Jun. 30, 2017CNY (¥)¥ / sharesshares
Revenues	$ 14,910,049	¥ 102,384,327		¥ 84,712,046		¥ 60,054,462
Cost of revenues and related tax	10,560,809	72,518,963		80,561,861		44,090,960
Gross profit	4,349,240	29,865,364		4,150,185		15,963,502
Selling and distribution expenses	1,321,761	9,076,266		8,013,353		4,458,218
General and administrative expenses	6,012,751	41,288,351		34,687,317		32,751,142
Provision for (net recovery of) doubtful accounts	88,945	610,776		(841,242)		1,766,286
Research and development expenses	456,333	3,133,545		3,215,653		7,599,340
Operating expenses	7,879,790	54,108,938		45,075,081		46,574,986
Loss from operations	(3,530,550)	(24,243,574)		(40,924,896)		(30,611,484)
Other income (expenses)
Subsidy income	167,329	1,149,016		371,650		132,791
Interest income	5,882	40,391		68,028		73,990
Interest expense	(231,410)	(1,589,045)		(897,521)		(548,878)
Loss from investment in unconsolidated entity	(139,789)	(959,905)		0		0
Impairment loss of investment in unconsolidated entity			$ (580,000)	(4,037,736)		0
Foreign exchange transaction gain (loss)	8,243	56,603		(4,068)		21,502
Other income	23,677	162,585		65,539		36,178
Other expense, net	(166,068)	(1,140,355)		(4,434,108)		(284,417)
Loss before income tax	(3,696,618)	(25,383,929)		(45,359,004)		(30,895,901)
Income tax expenses	58,030	398,477		16,230		307,900
Net loss	(3,754,648)	(25,782,406)	(6,607,915)	(45,375,234)	$ (4,544,155)	(31,203,801)
Less: Net (loss) income attributable to non-controlling interests	(62,111)	(426,501)		(1,302,913)		241,346
Net loss attributable to Recon Technology, Ltd	(3,692,537)	(25,355,905)		(44,072,321)		(31,445,147)
Comprehensive loss
Net loss	(3,754,648)	(25,782,406)	$ (6,607,915)	(45,375,234)	$ (4,544,155)	(31,203,801)
Foreign currency translation adjustment	202,983	1,393,843		1,765,249		(30,116)
Comprehensive loss	(3,551,665)	(24,388,563)		(43,609,985)		(31,233,917)
Less: Comprehensive (loss) income attributable to non- controlling interests	(62,111)	(426,501)		(1,302,913)		241,346
Comprehensive loss attributable to Recon Technology, Ltd	$ (3,489,554)	¥ (23,962,062)		¥ (42,307,072)		¥ (31,475,263)
Loss per common share - basic and diluted | (per share)	$ (0.19)	¥ (1.30)		¥ (3.84)		¥ (4.90)
Weighted - average shares -basic and diluted	19,544,164	19,544,164	11,483,464	11,483,464	6,417,305	6,417,305
Related Party [Member]
Revenues	$ 542,741	¥ 3,726,894		¥ 577,009		¥ 0
Cost of revenues and related tax	320,785	2,202,765		464,027		0
Third Party [Member]
Revenues	14,367,308	98,657,433		84,135,037		60,054,462
Cost of revenues and related tax	10,240,024	70,316,198		¥ 80,097,834		44,090,960
Provision for (net recovery of) doubtful accounts	$ 57,221	¥ 392,929				¥ 1,137,238

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY	Stockholders' Equity [Member]CNY (¥)	Common Stock [Member]CNY (¥)shares	Additional Paid-in Capital [Member]CNY (¥)	Statutory Reserves [Member]CNY (¥)	Accumulated deficit [Member]CNY (¥)	Accumulated Other Comprehensive income (loss) [Member]CNY (¥)	Non-controlling Interest [Member]CNY (¥)	USD ($)shares	CNY (¥)shares
Opening Balance at Jun. 30, 2017	¥ 33,244,445	¥ 1,261,288	¥ 123,436,043	¥ 4,148,929	¥ (95,352,659)	¥ (249,156)	¥ 8,464,843	$ 6,074,049	¥ 41,709,288
Opening Balance (in shares) at Jun. 30, 2017		9,902,914
Capital contribution from/in non-controlling interests							3,700,000	538,824	3,700,000
Restricted shares issued for services	3,050,896	¥ 112,321	2,938,575					444,297	3,050,896
Restricted shares issued for services (in shares)		900,000
Issuance of common stock in exchange of shares of FGS, net of issuance costs	65,004,531	¥ 785,871	64,218,660					9,466,495	65,004,531
Issuance of common stock in exchange of shares of FGS, net of issuance costs (in shares)		6,592,500
Shares issued for unpaid salary to management	1,554,908	¥ 27,137	1,527,771					226,439	1,554,908
Shares issued for unpaid salary to management (in shares)		221,268
Restricted shares issued for management	14,621,838	¥ 92,893	14,528,945					2,129,353	14,621,838
Restricted shares issued for management (in shares)		763,667
Stock based payment	840,286		840,286					122,369	840,286
Net loss for the year	(44,072,321)				(44,072,321)		(1,302,913)	(6,607,915)	(45,375,234)
Foreign currency translation adjustment	1,765,249					1,765,249		257,070	1,765,249
Ending Balance at Jun. 30, 2018	76,009,832	¥ 2,279,510	207,490,280	4,148,929	(139,424,980)	1,516,093	10,861,930	12,650,981	86,871,762
Ending Balance (in shares) at Jun. 30, 2018		18,380,349
Capital contribution from/in non-controlling interests							650,000	94,659	650,000
Restricted shares issued for services	845,781	¥ 15,902	829,879					123,170	845,781
Restricted shares issued for services (in shares)		125,000
Issuance of common stock in exchange of shares of FGS, net of issuance costs	21,433,796	¥ 307,981	21,125,815					3,121,368	21,433,796
Issuance of common stock in exchange of shares of FGS, net of issuance costs (in shares)		2,435,284
Restricted shares issued for management	11,640,341	¥ 109,380	11,530,961					1,695,162	11,640,341
Restricted shares issued for management (in shares)		858,667
Stock based payment	9,647,863		9,647,863					1,405,001	9,647,863
Net loss for the year	(25,355,905)				(25,355,905)		(426,501)	(3,754,648)	(25,782,406)
Foreign currency translation adjustment	1,393,843					1,393,843		202,983	1,393,843
Ending Balance at Jun. 30, 2019	¥ 95,615,551	¥ 2,712,773	¥ 250,624,798	¥ 4,148,929	¥ (164,780,885)	¥ 2,909,936	¥ 11,085,429	$ 15,538,676	¥ 106,700,980
Ending Balance (in shares) at Jun. 30, 2019		21,799,300						858,667	858,667

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Cash flows from operating activities:
Net loss	$ (3,754,648)	¥ (25,782,406)	¥ (45,375,234)	¥ (31,203,801)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	163,688	1,124,011	1,119,049	856,735
Gain from disposal of equipment			(78,285)	(35,919)
Provision for (net recovery of) doubtful accounts	88,945	610,776	(841,242)	1,766,286
Provision for slow moving inventories	9,521	65,380	65,245	0
Share based compensation	1,405,001	9,647,863	840,286	2,039,446
Restricted shares issued for management	1,695,162	11,640,341	14,621,838	12,904,723
Loss from investment in unconsolidated entity	139,789	959,905	0	0
Impairment loss of investment in unconsolidated entity			4,037,736	0
Restricted shares issued for services	123,170	845,781	3,050,896	8,399,240
Changes in operating assets and liabilities:
Notes receivable	134,310	922,282	2,116,998	(1,452,783)
Trade accounts receivable	(5,892,319)	(40,461,376)	11,972,175	(245,190)
Inventories	584,452	4,013,314	(4,196,110)	3,597,832
Other receivable	(135,271)	(928,882)	(1,717,096)	4,579,480
Purchase advance	1,183,749	8,128,571	(1,241,102)	(10,534,132)
Prepaid expense	46,142	316,845	318,759	(718,130)
Trade accounts payable	(58,256)	(400,034)	(2,706,304)	812,440
Other payables	(130,989)	(899,476)	(151,751)	(189,302)
Deferred revenue			(1,174,585)	853,044
Accrued payroll and employees' welfare	114,186	784,095	140,828	1,633,405
Taxes payable	254,694	1,748,934	(269,358)	(78,700)
Net cash used in operating activities	(4,691,005)	(32,212,172)	(19,569,820)	(7,381,551)
Cash flows from investing activities:
Investment in unconsolidated entity	(612,378)	(4,205,080)	(4,037,736)	0
Purchases of property and equipment	(252,804)	(1,735,956)	(1,503,410)	(638,119)
Proceeds from disposal of equipment			32,000	51,900
Payments for land use right			(1,361,969)	0
Repayments from loans to third parties	145,628	1,000,000	435,250	14,182,624
Payments made for loans to third parties	(582,513)	(4,000,000)	(1,960,000)	(1,130,000)
Payments and prepayments for construction in progress	(670,884)	(4,606,823)	(9,157,103)	0
Net cash provided by (used in) investing activities	(1,972,951)	(13,547,859)	(17,552,968)	12,466,405
Cash flows from financing activities:
Proceeds from short-term bank loans	364,071	2,500,000	45,000	0
Repayments of short-term bank loans			(45,000)	0
Proceeds from short-term borrowings	157,438	1,081,096	4,600,000	1,100,000
Repayments of short-term borrowings			(4,900,000)	(1,330,000)
Proceeds from sale of common stock, net of issuance costs			65,004,531	0
Refund of capital contribution by a non-controlling shareholder	(29,126)	(200,000)	0	0
Capital contribution by non-controlling shareholders	123,784	850,000	3,700,000	0
Net cash provided by (used in) financing activities	516,529	3,546,905	76,888,838	(3,076,964)
Effect of exchange rate fluctuation on cash	202,991	1,393,873	1,765,249	(16,231)
Net increase (decrease) in cash	(5,944,436)	(40,819,253)	41,531,299	1,991,659
Cash at beginning of year	6,602,869	45,340,578	3,809,279	1,817,620
Cash at end of year	658,433	4,521,325	45,340,578	3,809,279
Supplemental cash flow information
Cash paid during the year for interest	224,614	1,542,381	868,042	571,037
Cash paid during the year for taxes	292	2,002	(22,671)	284,487
Non-cash investing and financing activities
Shares issued to settle salary payable			1,554,908	0
Issuance of common stock in exchange of shares of FGS, net of issuance costs	3,121,366	21,433,796	0	0
Investment payable in exchange of interest of FGS	932,021	6,400,000	0	0
Payable for Construction in Progress	829,350	5,694,980	3,096,781	0
Non-cash payment for property and equipment purchase			0	87,265
Issuance of unvested common stock to senior managers			0	55,685
Receivable for disposal of property and equipment			81,900	0
Related Party [Member]
Changes in operating assets and liabilities:
Trade accounts receivable	(496,579)	(3,409,912)	0	0
Prepaid expense	(31,689)	(217,600)	0	0
Other payables	(134,063)	(920,584)	(102,563)	(366,225)
Cash flows from financing activities:
Proceeds from short-term borrowings	728,141	5,000,000	20,188,318	13,103,718
Repayments of short-term borrowings	(728,141)	(5,000,000)	(21,332,036)	(15,950,682)
Proceeds from long-term borrowings-related party			10,000,000	0
Repayments of long-term borrowings-related party	$ (99,638)	¥ (684,191)	¥ (371,975)	¥ 0

ORGANIZATION AND NATURE OF OPER

ORGANIZATION AND NATURE OF OPERATIONS	12 Months Ended
	Jun. 30, 2019
ORGANIZATION AND NATURE OF OPERATIONS
ORGANIZATION AND NATURE OF OPERATIONS	NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS Organization – Recon Technology, Ltd (the “Company”) was incorporated under the laws of the Cayman Islands on August 21, 2007 as a limited liability company. The Company provides specialized equipment, automation systems, tools, chemicals and field services to energy industry companies mainly in the People’s Republic of China (the “PRC”). The Company, along with its wholly-owned subsidiaries, Recon Technology Co., Limited (“Recon HK”), Recon Investment Ltd. (“Recon IN”) and Recon Hengda Technology (Beijing) Co., Ltd. (“Recon-BJ”), conducts its business through the following PRC legal entities (“Domestic Companies”) that are consolidated as variable interest entities (“VIEs”) and operate in the Chinese energy industry: 1. Beijing BHD Petroleum Technology Co., Ltd. (“BHD”), 2. Nanjing Recon Technology Co., Ltd. (“Nanjing Recon”). The Company has signed Exclusive Technical Consulting Service Agreements with each of the Domestic Companies, which are its VIEs, and Equity Interest Pledge Agreements and Exclusive Equity Interest Purchase Agreements with their shareholders. Through these contractual arrangements, the Company has the ability to substantially influence each of the Domestic Companies’ daily operations and financial affairs, appoint their senior executives and approve all matters requiring shareholder approval. As a result of these contractual arrangements, which enable the Company to control the Domestic Companies, the Company is considered as the primary beneficiary of each Domestic Company. Thus, the Company is able to absorb 90% of net interest or 100% of net loss of those VIEs. On February 21, 2019, the Company’s board of directors approved transferring the VIEs and VIE-controlled companies from Jining Recon Technology Ltd. ("Recon-JN”) to Recon-BJ. At the time, both Recon-JN and Recon-BJ were the Company’s wholly owned subsidiaries in China. On April 1, 2019, the Company completed the VIE transfer process and then completed the dissolution of Recon-JN on April 10, 2019. The Company does not expect any negative impact of this process on its operations. On December 17, 2015, Huang Hua BHD Petroleum Equipment Manufacturing Co. LTD, a fully owned subsidiary established by BHD was organized under the laws of the PRC. Gan Su BHD Environmental Technology Co., Ltd (“Gan Su BHD”) was established on May 23, 2017, with registered capital of ¥50 million. The paid in capital was ¥19,830,000 ($2,887,808) as of June 30, 2019. BHD owns an interest of 51% of Gan Su BHD, which is focusing on oilfield sewage treatment and oily sludge disposal projects. Qing Hai BHD New Energy Technology Co., Ltd. (“Qinghai BHD”) was established on October 16, 2017, with registered capital of ¥50 million. The paid in capital was ¥4,200,000 ($611,639) as of June 30, 2019. BHD owned an interest of 55% of Qinghai BHD previously; however, based on an agreement signed by the shareholders of Qinghai BHD dated October 23, 2018, each of the other two individual shareholders agreed to reduce 10% of their equity interests. As a result, Qinghai BHD returned ¥200,000 paid in capital back to one of the individual shareholders. After the new arrangement, BHD owns a total interest of 75% of Qinghai BHD. The remaining paid in capital should be contributed by BHD and the other individual shareholder is ¥33,300,000 ($4,849,420) and ¥12,500,000 ($1,820,353), respectively. Based on its charter dated September 29, 2017, the remaining paid in capital will be injected before September 29, 2036. Nature of Operations – The Company engages in (1) providing equipment, tools and other components and parts related to oilfield production and other energy industries companies, including simple installations in connection with some projects; (2) services to improve production and efficiency of exploited oil wells, (3) developing and selling its own specialized industrial automation control and information solutions, and (4) design, test and implement solution of sewage and oily sludge treatment, production and sales of related integrated equipment and project services.

LIQUIDITY

LIQUIDITY	12 Months Ended
	Jun. 30, 2019
LIQUIDITY
LIQUIDITY	NOTE 2. LIQUIDITY As reflected in the Company’s consolidated financial statements, the Company had recurring net losses for the years ended June 30, 2017, 2018 and 2019. In assessing its liquidity, management monitors and analyzes the Company’s cash on-hand and its ability to generate sufficient revenue sources in the future to support its operating and capital expenditure commitments. The Company's liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure obligations. Debt financing in the forms of loans payable and loans from related parties have been utilized to finance the working capital requirements of the Company. Despite those negative financial trends, the Company has positive working capital and management has plans to enhance its liquidity: 1) The Company has been enhancing the collection of current receivable balances. As of September 15, 2019, about ¥22.32 million ($3.28 million) has been collected. 2) The Company is mainly financed through borrowing from shareholders and senior management. On August 31, 2019, two major shareholders of the Company signed a 3-year commitment letter to support the Company and whenever the Company met liquidity difficulty, they will provide working capital to support daily operation of the Company. 3) The Company may also consider financing directly from a commercial bank by contract pledge or discount of notes receivable. Management believes that the foregoing measures collectively will provide sufficient liquidity for the Company to meet its future liquidity and capital obligations.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2019
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES	NOTE 3. SIGNIFICANT ACCOUNTING POLICIES Basis of presentation - The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and have been consistently applied. Principles of Consolidation - The consolidated financial statements include the accounts of the Company, all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation. Variable Interest Entities - A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support or (ii) has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated by its primary beneficiary. The primary beneficiary has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. The Company performs ongoing assessments to determine whether an entity should be considered a VIE and whether an entity previously identified as a VIE continues to be a VIE and whether the Company continues to be the primary beneficiary. Assets recognized as a result of consolidating VIEs do not represent additional assets that could be used to satisfy claims against the Company’s general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets; rather, they represent claims against the specific assets of the consolidated VIEs. Currency Translation - The Company’s functional currency is the Chinese Yuan (“RMB”) and the accompanying consolidated financial statements have been expressed in Chinese Yuan. The consolidated financial statements as of and for the year ended June 30, 2019 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 ¥6.8668 = US$1.00, the approximate exchange rate prevailing on June 30, 2019. These translated U.S. dollar amounts should not be construed as representing Chinese Yuan amounts or that the Chinese Yuan amounts have been or could be converted into U.S. dollars. Estimates and assumptions - The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in United States of America (“US GAAP”), which requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Estimates are adjusted to reflect actual experience when necessary. Significant accounting estimates reflected in the Company’s consolidated financial statements include allowance for doubtful accounts related to trade accounts receivable, other receivables and purchase advances, allowance for inventory, the useful lives of property and equipment, valuation allowance for deferred tax assets, impairment assessment for long-lived assets and investment and the fair value of share- based payments. The use of estimates is an integral component of the financial reporting process; actual results could differ from those estimates. The key assumptions underlying the Company’s accounting for material arrangements and the reasonably likely material effects of resolving any uncertainties on the Company’s allowance for doubtful accounts related to purchase advances. The production of the Company’s products requires custom-made equipment from its suppliers. To ensure that it can secure the required customized equipment, the Company often needs to make full prepayment for its intended purchases. As a standard practice in the petroleum extraction industry, the Company generally must submit a bid in order to secure the sales contract. The bidding process generally takes between one month to one year and the timing depends on the size of the overall project, which timing and size are generally controlled by its client. In order to secure timely purchase delivery and to meet its product delivery schedule, the Company normally prepays for the purchase advances if the Company believes that it is more than likely to win the bid for the sales contract which is accounted as pre-contract costs. After winning the bid and securing the sale contract, the Company normally needs to deliver its products approximately within one week to six months. Based on the Company’s historical experience, the Company generally is able to realize its purchase advances on the customized equipment that it orders. If it subsequently confirms that the Company is unable to secure the planned contracts with a customer after making the advance payments for these planned contracts, the Company evaluates the probable recoverability of the pre-contract cost and charges to expenses when the Company determines that the recovery of such pre-contract cost is improbable. Fair Values of Financial Instruments - The US GAAP accounting standards regarding fair value of financial instruments and related fair value measurements define fair value, establish a three-level valuation hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable. The carrying amounts reported in the consolidated balance sheets for trade accounts receivable, other receivables, purchase advances, trade accounts payable, accrued liabilities, advances from customers, investment payable, short-term bank loan and short-term borrowings approximate fair value because of the immediate or short-term maturity of these financial instruments. Trade Accounts and Other Receivables , net - Accounts receivable are carried at original invoiced amount less a provision for any potential uncollectible amounts. Accounts are considered 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. Notes Receivable, net - Notes receivable represent short-term notes receivables issued by reputable financial institutions that entitle the Company to receive the full-face amount from the financial institutions at maturity, which generally range from three to six months from the date of issuance. Purchase Advances, net - Purchase advances are the amounts prepaid to suppliers for business activities, such as standard raw materials, supplies and services. These types of prepayments will be expensed when those products or services have been rendered or consumed. Contract Assets - The Company recognizes an asset from the costs incurred to fulfill a contract when those costs meet all of the following criteria: (i) the costs relate directly to a contract or to an anticipated contract that the Company can specifically identify; (ii) the costs generate or enhance resources of the Company that will be used in satisfying (or in continuing to satisfy) performance obligations in the future; and (iii) the costs are expected to be recovered. - Pre-Contract Costs – Pre-contract costs are the amounts prepaid to suppliers for purchases of customized equipment in anticipation of obtaining planned contracts for the Company’s hardware and software revenues. If it subsequently confirms that the Company is unable to secure the planned contracts with a customer after making the advance payments for these planned contracts, the Company evaluates the probable recoverability of the pre-contract cost and charges to expenses when the Company determines that the recovery of such pre-contract cost is improbable. - Executed Contract Costs – Direct costs, such as material, labor, depreciation and amortization and subcontracting costs and indirect costs allocable to contracts include the costs of contract supervision, tools and equipment, supplies, quality control and inspection, insurance, repairs and maintenance for quality assurance purposes before clients’ initial acceptance. Once products are delivered, installed and debugged for intended use and accepted by a client, which may last from weeks to months (this process is decided by the client’s individual project construction arrangement), the Company records revenue based on the contract or the final clients’ acceptance. Minor costs for repair during the maintenance period after initial acceptance are recorded as cost of goods sold as they are incurred. All other general and administrative costs and selling costs are charged to expenses as incurred. The Company generally ships its products approximately one week to six months after production begins and the timing depends on the size of the overall project. Inventories, net - Inventories are stated at the lower of cost or net realizable value, on a first-in-first-out basis. The methods of determining inventory costs are used consistently from year to year. Allowance for inventory obsolescence is provided when the market value of certain inventory items is lower than the cost. Property and Equipment, net - Property and equipment are stated at cost. Depreciation on motor vehicles and office equipment is computed using the straight-line method over the estimated useful lives of the assets, which range from two to ten years. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the assets. Items Useful life Motor vehicles 5-10 years Office equipment 2-5 years Production equipment 10 years Land Use Rights - According to the Chinese laws and regulations regarding land use rights, land in urban districts is owned by the State, while land in the rural areas and suburban areas, except otherwise provided for by the State, is collectively owned by individuals designated as resident farmers by the State. In accordance with the legal principle that land ownership is separate from the right to the use of the land, the government grants individuals and companies the rights to use parcels of land for a specified period of time. Land use rights which are usually prepaid, are stated at cost less accumulated amortization. Amortization is provided over the life of the land use rights, using the straight-line method. The estimated useful life is 50 years, based on the term of the land use rights. Long-Lived Assets - Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. Fair value is determined based on the estimated discounted future cash flows expected to be generated by the asset. There were no impairments at June 30, 2018 and 2019. Long-term investments - Cost method investment - For an investee over which the Company does not have significant influence and a controlling interest, the Company carries the investment at cost and recognizes income for any dividend received from the distribution of the investee’s earnings. The Company reviews its cost method investment for impairment whenever an event or circumstance indicates that an other-than-temporary impairment has occurred. The Company considers available quantitative and qualitative evidence in evaluating potential impairment of its cost method investment. An impairment charge is recorded if the carrying amount of an investment exceeds its fair value and such excess is determined to be other-than-temporary. The Company recorded an approximately ¥4.0 million ($0.58 million) impairment loss on its cost method investment in unconsolidated entity during the year ended June 30, 2018. - Equity method investment - For an investee over which the Company has the ability to exercise significant influence, but does not have a controlling interest, the Company accounted for those using the equity method. Significant influence is generally considered to exist when the Company has an ownership interest in the voting stock of the investee between 20% and 50%. Other factors, such as representation on the investee’s board of directors, voting rights and the impact of commercial arrangements, are also considered in determining whether the equity method of accounting is appropriate. An impairment charge is recorded if the carrying amount of the investment exceeds its fair value and this condition is determined to be other-than-temporary. The Company did not record impairment losses on its equity method investment during the year ended June 30, 2019. The Company recorded an approximately ¥959,905 ($139,789) investment loss on its equity method investment in unconsolidated entity during the year ended June 30, 2019. Revenue Recognition - The Company previously recognized 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. With adoption of Accounting Standard Codification (“ASC”) 606, “Revenue from Contracts with Customers”, revenue is now recognized when all of the following five steps are met: (i) identify the contract(s) with the customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations; (v) recognize revenue when (or as) each performance obligation is satisfied. The Company applied the new revenue standard from July 1, 2018 and adopted a modified retrospective approach upon the adoption. The core principle underlying the new revenue recognition ASU is that the Company will recognize revenue to represent the transfer of goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. This will require the Company to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when goods or services are provided to a customer. Adoption of ASC Topic 606, "Revenue from Contracts with Customers" The Company has completed its assessment of the impact of the new standard and adopted the new standard for all open contracts as of July 1, 2018 using the modified retrospective transition method, and applied the guidance to report new disclosures surrounding the Company’s recognition of revenue. The adoption of the new standard did not have a material impact on the financial position of the Company, the results of its operations or its cash flows as of and for the year ended June 30, 2019, and the Company’s internal controls over financial reporting. There was no cumulative effect of adopting the standard at the date of initial application in retained earnings. The Company’s Revenue Recognition accounting policy has been updated for the new standard. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Disaggregation of Revenues Revenues are recognized when control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The following items represent the Company’s revenues disaggregated by revenue source. In accordance with ASC 606-10-50-5, the Company selects categories to present disaggregated revenue that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors and delivery conditions of products and fulfillment of obligations. The Company’s disaggregation of revenues for the years ended June 30, 2019, 2018 and 2017 is disclosed in Note 26. Automation Products and Software; Equipment and Accessories The Company generates revenues primarily through delivery of standard or customized products and equipment, including automation products, furnaces and related accessories. Revenue is recognized when products are delivered, and acceptance reports are signed off by customers. The sale of automation products or our specialized equipment when combined with services represent a single performance obligation for the development and construction of a single asset. The Company may also provide installation services to clients as there may be such obligation in contracts. The promises to transfer the equipment and installation are not separately identifiable, which is evidenced by the fact that the Company provides significant services of integrating the goods and services into a single deliverable for which the customer has contracted. For such sales arrangements, the Company recognizes revenue using input method, based on the relationship between actual costs incurred compared to the total estimated costs for the contract. Such method is adopted because the Company believes it best depicts the transfer of goods and services to the customer. Oilfield Environmental Protection Service The Company provides waste water treatment and oily sludge disposal service to oilfield and chemical industry companies and generates revenue from special equipment, self-developed chemical products and supporting service, transfer and treatment of oily sludge. Revenue is recognized when contract obligations have been performed. For such sales arrangements, the Company recognize revenue using input method, based on the relationship between actual costs incurred compared to the total estimated costs for the contract. Such method is adopted because the Company believes it best depicts the transfer of services to the customer. Arrangements with Multiple Performance Obligations Contracts with customers may include multiple performance obligations. For such arrangements, the Company will allocate revenues to each performance obligation based on its relative standalone selling price. We generally determine standalone selling prices based on the prices charged to customers or using expected cost-plus margin. Performance Obligations - Performance obligations include delivery of products and installation of products. The Company recognizes revenue when performance obligations under the terms of a contract with its customer are satisfied. This occurs when the control of the goods and services have been transferred to the customer. Accordingly, revenue for sale of goods is generally recognized upon shipment or delivery depending on the shipping terms of the underlying contract. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods and providing installation services. Amounts billed to customers for shipping and handling activities to fulfill the Company’s promise to transfer the goods are included in Sales, and costs incurred by the Company for the delivery of goods are classified as Cost of sales in the Consolidated Statements of Operations and Comprehensive Loss. Sales, value added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Company generally offers assurance-type warranties for its products. The specific terms and conditions of those warranties vary depending upon the product. The Company estimates the costs that may be incurred under its warranties and records a liability in the amount of such costs at the time product revenue is recognized. Factors that affect the warranty liability include historical product-failure experience and estimated repair costs for identified matters. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. The amount accrued for expected returns and warranty claims was immaterial as of June 30, 2019. The amount of revenue recognized during the twelve months ended June 30, 2019 that was previously included within the deferred revenue and advances from customers balances was ¥122,996 ($17,912) and primarily relates to warranty liabilities and performance obligations that were satisfied in prior periods. Practical Expedients Elected Incremental Costs of Obtaining a Contract - The Company has elected the practical expedient permitted in ASC 340-40-25-4, which permits an entity to recognize incremental costs to obtain a contract as an expense when incurred if the amortization period will be less than one year. Significant Financing Component - The Company has elected the practical expedient permitted in ASC 606-10-32-18, which allows an entity to not adjust the promised amount of consideration for the effects of a significant financing component if a contract has a duration of one year or less. As the Company’s contracts are typically less than one year in length, consideration will not be adjusted. The Company’s contracts include a standard payment term of 90 days to 180 days; consequently there is no significant financing component within contracts. The following table provides changes to the opening balances of certain current assets accounts resulting from the adoption of the new guidance. June 30, Impact of July 1, 2018 July 1, 2018 Adoption (As adjusted) 2018 RMB RMB RMB U.S. Dollars Inventories ¥ 7,972,115 ¥ (7,972,115) ¥ — $ — Other receivables 824,709 (824,709) — — Purchase advances 5,334,829 (5,334,829) — — Contract assets — 14,131,653 14,131,653 2,057,968 Total contract assets ¥ 14,131,653 ¥ — ¥ 14,131,653 $ 2,057,968 Share-Based Compensation - Share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense with graded vesting on a straight–line basis over the requisite service period for the entire award. The Company has elected to recognize compensation expenses using the Black-Scholes valuation model estimated at the grant date based on the award’s fair value. Research and Development Expenses - Research and development expenses relating to improving development efficiency and the quality of the Company’s products and services, including s design of downhole automation platform systems and chemical products used for waste water treatment, are expensed as incurred. Shipping and Handling Costs - Shipping and handling cost incurred to ship products to customers are included in selling and distribution expenses. Shipping and handling expenses were ¥752,656, ¥1,170,358 and ¥749,719 ($109,180) for the years ended June 30, 2017, 2018 and 2019, respectively. Income Taxes - Provisions for income taxes are based on taxes payable or refundable for the current year and deferred taxes. Deferred taxes are provided on differences between the tax bases of assets and liabilities and their reported amounts in the financial statements, and tax carry forwards. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. The Company has not been subject to any income taxes in the United States or the Cayman Islands. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. The Company has no uncertain tax position as of June 30, 2018 and 2019. As of June 30, 2019, the tax years ended December 31, 2014 through December 31, 2018 for the Company’s People’s Republic of China (“PRC”) subsidiaries remain open for statutory examination by PRC tax authorities. Loss per Share - Loss Per Share (“EPS”) is computed by dividing net loss by the weighted average number of ordinary shares outstanding. Diluted EPS are computed by dividing net loss by the weighted-average number of ordinary shares and dilutive potential ordinary share equivalents outstanding. Potentially dilutive ordinary shares consist of ordinary shares issuable upon the conversion of ordinary stock options, restricted shares and warrants (using the treasury stock method). The effect from options, restricted shares and warrants would have been anti-dilutive due to the fact that the Company incurred a net loss for the years ended June 30, 2017, 2018 and 2019. Reclassification - Certain prior year amounts had been reclassified to conform to the current period presentation. These reclassifications have no effect on the results of operations and cash flows previously reported. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), to increase the transparency and comparability about leases among entities. The new guidance requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018, and requires a modified retrospective approach to adoption assuming the Company will remain an emerging growth company at that date. Early adoption is permitted. In September 2017, the FASB issued ASU No. 2017-13, which to clarify effective dates that public business entities and other entities were required to adopt ASC Topic 842 for annual reporting. A public business entity that otherwise would not meet the definition of a public business entity except for a requirement to include or the inclusion of its financial statements or financial information in another entity's filing with the SEC adopting ASC Topic 842 for annual reporting periods beginning after December 15, 2019, and interim reporting periods within annual reporting periods beginning after December 15, 2020. ASU No. 2017-13 also amended that all components of a leveraged lease be recalculated from inception of the lease based on the revised after tax cash flows arising from the change in the tax law, including revised tax rates. The difference between the amounts originally recorded and the recalculated amounts must be included in income of the year in which the tax law is enacted. The Company has not early adopted this update and it will become effective on July 1, 2020. The Company is currently evaluating the impact of this new standard on its financial statements and related disclosures. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement,” to improve the effectiveness of disclosures in the notes to financial statements related to recurring or nonrecurring fair value measurements by removing amounts and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels, and the valuation processes for Level 3 fair value measurements. The new standard requires disclosure of the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The amendments in this update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. In October 2018, the FASB issued ASU 2018-17, "Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities". The new standard changes how entities evaluate decision-making fees under the variable interest entity guidance. The new standard is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted in any interim period after issuance. The standard should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings at the beginning of the period of adoption. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. In November 2018, the FASB issued ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses.” ASU 2018-19 clarifies that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with ASC 842, Leases. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the consolidated financial position, statements of operations and cash flows.

TRADE ACCOUNTS RECEIVABLE, NET

TRADE ACCOUNTS RECEIVABLE, NET	12 Months Ended
	Jun. 30, 2019
TRADE ACCOUNTS RECEIVABLE, NET
TRADE ACCOUNTS RECEIVABLE, NET	NOTE 4. TRADE ACCOUNTS RECEIVABLE, NET Accounts receivable, net consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Third Parties RMB RMB U.S. Dollars Trade accounts receivable ¥ 27,319,241 ¥ 72,180,616 $ 10,511,536 Allowance for doubtful accounts (3,065,234) (3,645,334) (530,863) Total - third-parties, net ¥ 24,254,007 ¥ 68,535,282 $ 9,980,673 June 30, June 30, June 30, 2018 2019 2019 Related Party RMB RMB U.S. Dollars Urumqi Yikeli Automatic Control Equipment Co., Ltd. ¥ — ¥ 3,409,912 $ 496,579 Total - related-party, net ¥ — ¥ 3,409,912 $ 496,579 Provision made for doubtful accounts of accounts receivable due from third parties was ¥1,137,238 for the year ended June 30, 2017, net recovery of provision made for doubtful accounts of accounts receivables due to third parties was ¥1,013,100 for the year ended June 30, 2018 and provision made for doubtful accounts of accounts receivable due from third parties was ¥392,929 ($57,221) for the year ended June 30, 2019. Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Beginning balance ¥ 4,265,505 ¥ 3,252,405 $ 473,642 Charge to (reversal of) expense (1,013,100) 392,929 57,221 Ending balance ¥ 3,252,405 ¥ 3,645,334 $ 530,863

OTHER RECEIVABLES, NET

OTHER RECEIVABLES, NET	12 Months Ended
	Jun. 30, 2019
OTHER RECEIVABLES, NET
OTHER RECEIVABLES, NET	NOTE 6. OTHER RECEIVABLES, NET Other receivables, net consisted of the following: June 30, June 30, June 30, Third Party 2018 2019 2019 Current Portion RMB RMB U.S. Dollars Business advances to officers and staffs (A) 1,787,866 1,013,971 147,663 Deposits for projects 1,645,620 1,400,892 204,009 VAT recoverable 1,438,949 3,803,556 553,905 Others 1,390,448 1,348,913 196,440 6,262,883 7,567,332 1,102,017 Less: Long term portion (B) — (440,015) (64,079) Allowance for doubtful accounts (901,930) (1,461,724) (212,868) Other receivable - current portion ¥ 5,360,953 ¥ 5,665,593 $ 825,070 Provision for doubtful accounts of other receivables was ¥247,612, ¥109,302 and ¥259,766 ($37,829) for the years ended June 30, 2017, 2018 and 2019, respectively. (A) Business advances to officers and staffs represent advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance. (B) Long-term portion are mainly tender deposits for large-scale projects or rental contracts. These funds may not be collected back until projects are finished or contracts are completed. Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Beginning balance ¥ 1,505,419 ¥ 901,930 $ 131,346 Charge to expense 109,302 259,766 37,829 Add: reversal of (less: write-off) bad debt allowance (712,791) 300,028 43,693 Ending balance ¥ 901,930 ¥ 1,461,724 $ 212,868

LOANS TO THIRD PARTIES

LOANS TO THIRD PARTIES	12 Months Ended
	Jun. 30, 2019
LOANS TO THIRD PARTIES
LOANS TO THIRD PARTIES	NOTE 7. LOANS TO THIRD PARTIES June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Working fund to third party companies ¥ 1,960,000 ¥ 4,960,000 $ 722,316 Allowance for doubtful accounts — — — Total Loans to third parties ¥ 1,960,000 ¥ 4,960,000 $ 722,316 Loans to third-parties are mainly used for short-term funding to support the Company’s external business partners. These loans bear no interest and have terms of no more than one year. The Company periodically reviewed the loans to third parties as to whether their carrying values remain realizable. The Company believes that the risk associated with the above loans are relatively low based on the evaluation of the creditworthiness of these third-party debtors and the relationships with them. As the date of the report, ¥4,197,320 (approximately $617,000) was collected by the Company and the remaining part was expected to be paid in full by end of October 2019.

PURCHASE ADVANCES, NET

PURCHASE ADVANCES, NET	12 Months Ended
	Jun. 30, 2019
PURCHASE ADVANCES, NET
PURCHASE ADVANCES, NET	NOTE 8. PURCHASE ADVANCES, NET The Company purchased products and services from third parties during the normal course of business. Purchase advances, net consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Third Party RMB RMB U.S. Dollars Capitalized pre-contract costs ¥ 1,508,491 ¥ — $ — Capitalized contract costs 4,221,942 — — Prepayment for others 7,376,745 1,592,076 231,852 Allowance for doubtful accounts (452,632) (248,500) (36,189) Total ¥ 12,654,546 ¥ 1,343,576 $ 195,663 Provision for doubtful accounts of purchase advances was ¥381,436 and ¥62,556 for the years ended June 30, 2017 and 2018, respectively, and net recovery of provision made for doubtful accounts of purchase advances was ¥41,919 ($6,105) for the year ended June 30, 2019. The Company recorded allowance for these advances and will continue to try to collect or get inventories delivered. These payments were advanced for certain customized equipment of the planned projects. As those projects were delayed or canceled or there is rare chance to be profitable, the Company decided to suspend those projects and recorded allowances related to advanced payments for those projects as the Company may not be able to receive those funds back. Management is still making efforts to collect partially or negotiate with venders for some other alternative solutions to minimize the Company’s loss. Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Beginning balance ¥ 401,790 ¥ 452,632 $ 65,916 Charge to (reversal of) expense 62,556 (41,919) (6,105) Less: write-off (11,714) (162,212) (23,622) Ending balance ¥ 452,632 ¥ 248,500 $ 36,189

INVENTORIES, NET

INVENTORIES, NET	12 Months Ended
	Jun. 30, 2019
INVENTORIES, NET
INVENTORIES, NET	NOTE 9. INVENTORIES, NET Inventories consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Small component parts ¥ 55,726 ¥ 57,060 $ 8,310 Purchased goods and raw materials 59,328 226,868 33,038 Work in process and goods on site 5,155,215 533,924 77,754 Finished goods 2,888,096 452,671 65,922 Allowance for slow moving inventory (1,399,524) — — Total inventories, net ¥ 6,758,841 ¥ 1,270,523 $ 185,024 Provisions for slow moving inventory was ¥Nil, ¥65,245 and ¥65,380 ($9,521) for the years ended June 30, 2017, 2018 and 2019, respectively. Movement of allowance for slow-moving inventories is as follows: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Beginning balance ¥ 4,024,663 ¥ 1,399,524 $ 203,810 Charge to cost of sales 65,245 65,380 9,521 Less: Selling of slow-moving items (2,690,384) (1,464,904) (213,331) Ending balance ¥ 1,399,524 ¥ — $ —

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Jun. 30, 2019
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET	NOTE 10. PROPERTY AND EQUIPMENT, NET Property and equipment consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Motor vehicles ¥ 4,456,156 ¥ 4,923,152 $ 716,951 Office equipment and fixtures 1,239,914 1,350,235 196,632 Production equipment 1,609,500 2,580,628 375,812 Total property and equipment 7,305,570 8,854,015 1,289,395 Less: Accumulated depreciation (4,134,461) (5,192,694) (756,203) Property and equipment, net ¥ 3,171,109 ¥ 3,661,321 $ 533,192 Construction in progress ¥ 11,779,784 ¥ 21,524,994 $ 3,134,647 On August 4, 2017, Gan Su BHD purchased the land use right of state-owned construction land in Yumen, Gan Su, in the amount of ¥1,361,969 ($198,341). The land use right was intended to establish production line of the oily sludge disposal projects. As of June 30, 2019, the main construction of the project has completed, and the total cost incurred in the project was ¥21,524,994 ($3,134,647). Currently, the project is in the testing stage and Gan Su BHD has received its temporary hazardous waste operating permit. Management expects the project will be ready for its intended use and put into production by December 2019. Depreciation expenses was ¥856,735, ¥1,092,206 and ¥1,096,772 ($159,721) for the years ended June 30, 2017, 2018 and 2019, respectively. Gain from property and equipment disposal was ¥35,919, ¥78,285 and ¥Nil for the years ended June 30, 2017, 2018 and 2019, respectively.

LAND USE RIGHTS

LAND USE RIGHTS	12 Months Ended
	Jun. 30, 2019
LAND USE RIGHTS
LAND USE RIGHTS	NOTE 11 - LAND USE RIGHTS Land use rights consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Land use rights ¥ 1,361,969 ¥ 1,361,969 $ 198,341 Less: accumulated amortization (26,843) (54,082) (7,876) Land use rights, net ¥ 1,335,126 ¥ 1,307,887 $ 190,465 As of June 30, 2018 and 2019, no land use rights are collateralized or pledged. Amortization expenses was ¥Nil, ¥26,843 and ¥27,239 ($3,967) for the years ended June 30, 2017, 2018 and 2019, respectively. The estimated future amortization expenses are as follows: Twelve months ending June 30, RMB U.S. Dollars 2020 ¥ 27,239 $ 3,967 2021 27,239 3,967 2022 27,239 3,967 2023 27,239 3,967 2024 27,239 3,967 Thereafter 1,171,692 170,630 Total ¥ 1,307,887 $ 190,465

INVESTMENT IN UNCONSOLIDATED EN

INVESTMENT IN UNCONSOLIDATED ENTITY	12 Months Ended
	Jun. 30, 2019
INVESTMENT IN UNCONSOLIDATED ENTITY
INVESTMENT IN UNCONSOLIDATED ENTITY	NOTE 12 – INVESTMENT IN UNCONSOLIDATED ENTITY Investment in unconsolidated entity consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Future Gas Station (Beijing) Technology, Ltd ¥ 4,037,736 ¥ 35,116,707 $ 5,113,984 Impairment for long-term investment (4,037,736) (4,037,736) (588,008) Total ¥ — ¥ 31,078,971 $ 4,525,976 On December 15, 2017, the Company signed a subscription agreement with Future Gas Station (Beijing) Technology, Ltd (“FGS”). Established in January 2016, FGS is a service company focusing on providing new technical applications and data operations to gas stations of oil companies such as PetroChina Co., Ltd. With its DT Refuel mobile application, FGS provides solutions to gas stations to improve their operations and their customers’ experience. Pursuant to the subscription agreement, Recon held 8% equity interest of FGS. As of June 30, 2018, Recon had invested ¥4,037,736 in FGS as terms and conditions are achieved based on mutually-agreed payment schedule. Based on the financial results of FGS for the year ended June 30, 2018, FGS was in the loss position and had accumulated deficit in equity. Based on the management’s assessment, the Company did not expect to recover the investment in the near future. Therefore, the Company considered that there was other than temporary impairment and recorded a full impairment of the investment. As a result, the Company recorded ¥4,037,736 impairment loss during the year ended June 30, 2018. On August 21, 2018, the Company entered into a definitive investment agreement and a supplemental agreement (collectively, the “Agreement”) with FGS and the other shareholders of FGS. Following full performance under the Agreement, Recon will own 43% of FGS. As consideration for increasing its affiliates’ interest in FGS from 8% to 43%, the Company will (1) pay a total of RMB 10 million in cash to FGS and (2) issue 2,435,284 restricted ordinary shares of the Company (the “Restricted Shares”) to the other shareholders of FGS within 30 days after FGS finalizes recording the Company’s corresponding interest at the local governmental agency. If FGS does not reach certain performance goals, the Company has the right to cancel all of the Restricted Shares and without further payment. The Restricted Shares are also subject to lock-up period requirements that vary for each of FGS shareholders, from one year to three years following issuance of the Restricted Shares. FGS has finalized recording Recon’s corresponding interest at the local governmental agency, and Recon has issued 2,435,284 Restricted Shares in total to the other shareholders of FGS in August 2018. As of June 30, 2019, the Company has the investment amount of ¥35,116,707 ($5,113,984) in FGS, of which RMB 8.0 million was paid in cash, and owns 43% of the equity interests of FGS. The investments are accounted for using the equity method because the Company has significant influence, but no control of FGS. The Company recorded loss of ¥959,905 ($139,789) for the year ended June 30, 2019 from the investment, which was included in "Loss from investment in unconsolidated entity" in the consolidated statements of operations and comprehensive loss. As of the date of this report, the Company is still obliged to pay RMB 6.4 million to FGS.

OTHER PAYABLES

OTHER PAYABLES	12 Months Ended
	Jun. 30, 2019
OTHER PAYABLES
OTHER PAYABLES	NOTE 13. OTHER PAYABLES Other payables consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Third Party RMB RMB U.S. Dollars Service ¥ 1,356,676 ¥ 1,341,617 $ 195,378 Distributors and employees 90,130 219,095 31,906 Funds collected on behalf of others 895,022 — — Advances from customers 157,856 120,000 17,475 Accrued expenses 411,898 393,274 57,272 Others 344,228 292,424 42,586 Total ¥ 3,255,810 ¥ 2,366,410 $ 344,617 June 30, June 30, June 30, 2018 2019 2019 Related Party RMB RMB U.S. Dollars Expenses paid by the major shareholders ¥ 2,767,349 ¥ 2,029,908 $ 295,612 Due to family member of the owner of BHD 193,143 — — Due to management staff for costs incurred on behalf of the Company 250,965 260,965 38,004 Total ¥ 3,211,457 ¥ 2,290,873 $ 333,616

TAXES PAYABLE

TAXES PAYABLE	12 Months Ended
	Jun. 30, 2019
TAXES PAYABLE
TAXES PAYABLE	NOTE 14. TAXES PAYABLE Taxes payable consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars VAT payable ¥ 382,361 ¥ 1,732,736 $ 252,335 Income tax payable 43,556 440,031 64,081 Other taxes payable 5,996 8,080 1,176 Total taxes payable ¥ 431,913 ¥ 2,180,847 $ 317,592

SHORT-TERM BANK LOAN

SHORT-TERM BANK LOAN	12 Months Ended
	Jun. 30, 2019
Short-term Bank Loan [Abstract]
Short-term Bank Loan [Text Block]	NOTE 15. SHORT-TERM BANK LOAN Short-term bank loan consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Bank of Nanjing, 5.655% annual interest, due on June 11, 2020 ¥ — ¥ 2,500,000 $ 364,071 Total short-term bank loan ¥ — ¥ 2,500,000 $ 364,071 The loan is guaranteed by one of the founders of the Company. Interest expense for the short-term bank loan was ¥Nil, ¥Nil and ¥2,749 ($400) for the years ended June 30, 2017, 2018 and 2019, respectively.

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Jun. 30, 2019
SHORT-TERM BORROWINGS
SHORT-TERM BORROWINGS	NOTE 16. SHORT-TERM BORROWINGS Short-term borrowings due to third party consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Short-term borrowings due to third party: RMB RMB U.S. Dollars Short-term borrowing, 10% annual interest, due on September 8, 2019 ¥ — ¥ 1,081,096 $ 157,438 Total short-term borrowings due to third party ¥ — ¥ 1,081,096 $ 157,438 Interest expense for short-term borrowings due to third party was ¥Nil, ¥Nil and ¥81,096 ($11,810) for the years ended June 30, 2017, 2018 and 2019, respectively. The principle of this short-term borrowing was repaid in full by the Company on August 31, 2019. Short-term borrowings due to related party consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Short-term borrowings due to related party: RMB RMB U.S. Dollars Short-term borrowing from a Founder, 5.65% annual interest, due on December 15, 2018 * ¥ 5,011,782 ¥ — $ — Short-term borrowing from a Founder, 5.65% annual interest, due on March 31, 2019* 4,006,283 — — Short-term borrowing from a Founder, 5.65% annual interest, due on December 19, 2019 — 5,008,640 729,400 Short-term borrowing from a Founder, 5.65% annual interest, due on March 27, 2020 — 4,001,885 582,787 Total short-term borrowings due to related party ¥ 9,018,065 ¥ 9,010,525 $ 1,312,187 No short-term borrowings due to related party were guaranteed or collateralized at June 30, 2018 and 2019. Interest expense for short-term borrowings due to related party was ¥548,878, ¥325,185 and ¥508,474 ($74,048) for the years ended June 30, 2017, 2018 and 2019, respectively. * The Company repaid the loans in full on maturity date.

LONG-TERM BORROWINGS DUE TO REL

LONG-TERM BORROWINGS DUE TO RELATED PARTY	12 Months Ended
	Jun. 30, 2019
LONG-TERM BORROWINGS DUE TO RELATED PARTY
LONG-TERM BORROWINGS DUE TO RELATED PARTY	NOTE 17. LONG-TERM BORROWINGS DUE TO RELATED PARTY Long-term borrowings due to related party consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Long-term borrowings due to related party: RMB RMB U.S. Dollars Long-term borrowing from a Founder, monthly payments of ¥126,135 inclusive of interest at 8.90%, ten years loan, due in November 2027. ¥ 9,663,729 ¥ 8,977,001 ¥ 1,307,305 Less: current portion (719,895) (780,797) (113,706) Total long-term borrowings due to related party ¥ 8,943,834 ¥ 8,196,204 $ 1,193,599 No long-term borrowings due to related party were guaranteed or collateralized at June 30, 2018 and 2019. Interest expense for long-term borrowings due to related party was ¥Nil, ¥546,676 and ¥826,895 ($120,419) for the years ended June 30, 2017, 2018 and 2019, respectively. The future maturities of long-term borrowings due to related party at June 30, 2019 are as follows: Twelve months ending June 30, RMB U.S. Dollars 2020 ¥ 780,797 $ 113,706 2021 816,952 118,971 2022 892,701 130,002 2023 975,474 142,057 2024 1,065,921 155,228 Thereafter 4,445,156 647,341 Total ¥ 8,977,001 $ 1,307,305

ORDINARY SHARES

ORDINARY SHARES	12 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 18. ORDINARY SHARES Stock offering On November 11, 2017, the Company issued 221,268 shares for unpaid management's salary of ¥1,554,908 ($226,085) based on the stock closing price of $1.06 on the same day. On November 20, 2017, the Company entered into a securities purchase agreement (the “Agreement”) with the Chairman of board of the Company ("Chairman"), pursuant to which the Chairman agreed to purchase an aggregate of 3 million unregistered restricted shares for gross proceeds of $4.8 million, a per-share purchase price of $1.60. After deducting the placement agent’s commission and other estimated offering expenses payable by the Company, the net proceeds to the Company were approximately $4.5 million. The purchase price was paid in two installments of $2.4 million each. The first installment was paid on November 20, 2017, and the second installment was paid on January 19, 2018. The Chairman used his own personal funds to pay the purchase price amount. The Chairman designated Xinhaixin International Holdings Limited (“Xinhaixin”) to receive the shares. On January 19, 2018, the Company issued the 3 million shares to Xinhaixin, the wholly owned company of the Chairman. On January 22, 2018, The Company and certain institutional investors entered into a securities purchase agreement in connection with an offering, pursuant to which the Company agreed to sell an aggregate of 3,592,500 ordinary shares. The purchase price was $1.66 per ordinary share and all shares were issued on January 24, 2018. The aggregate gross proceeds was $5,963,550. After deducting the placement agent’s commission and other estimated offering expenses payable by the Company, the net proceeds to the Company were approximately $5.3 million. The Company is using the net proceeds of the offering for general corporate purposes and working capital. On August 21, 2018, the Company entered into a definitive investment agreement and a supplemental agreement (collectively, the "Agreement") with FGS and the other shareholders of FGS. Following full performance under the Agreement, Recon will own 43% of FGS. As consideration for increasing its affiliates' interest in FGS from 8% to 43%, the Company will (1) pay a total of RMB 10 million in cash to FGS and (2) issue 2,435,284 restricted ordinary shares of the Company (the "Restricted Shares") to the other shareholders of FGS within 30 days after FGS finalizes recording the Company's corresponding interest at the local governmental agency. If FGS does not reach certain performance goals, the Company has the right to cancel without further payment part or all of the Restricted Shares. The Restricted Shares are also subject to lock-up period requirements that vary for each FGS shareholder, from one year to three years following issuance of the Restricted Shares. FGS has finalized recording Recon's corresponding interest at the local governmental agency, and Recon issued 2,435,284 Restricted Shares in total to the other shareholders of FGS at a price of $1.2875 per restricted share on September 21, 2018. Appropriated Retained Earnings - According to the Memorandum and Articles of Association, the Company is required to transfer a certain portion of its net profit, as determined under PRC accounting regulations, from current net income to the statutory reserve fund. In accordance with the PRC Company Law, companies are required to transfer 10% of their profit after tax, as determined in accordance with PRC accounting standards and regulations, to the statutory reserves until such reserves reach 50% of the registered capital or paid-in capital of the companies. As of June 30, 2018 and 2019, the balance of total statutory reserves was ¥4,148,929 and ¥4,148,929 ($604,201), respectively.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Jun. 30, 2019
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 19. STOCK-BASED COMPENSATION Stock-Based Awards Plan 2015 Incentive Plan – The Company granted options to purchase 400,000 ordinary shares to its employees and non-employee director on January 31, 2015. The options have an excise price of $1.65, which was equal to the share price of the Company’s ordinary shares at January 31, 2015, which vested equally over a period of three years, with one-third vesting on January 31, 2016. The options expire ten years after the date of grant, on January 31, 2025. 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) per share. The following is a summary of the stock options activity: Weighted Average Exercise Price Stock Options Shares Per Share Outstanding as of June 30, 2017 815,600 $ 3.04 Granted — — Forfeited — — Exercised — — Outstanding as of June 30, 2018 815,600 $ 3.04 Granted — — Forfeited — — Exercised — — Outstanding as of June 30, 2019 815,600 $ 3.04 The following is a summary of the status of options outstanding and exercisable at June 30, 2019: 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 0.08 $ 6.00 193,000 0.08 $ 2.96 222,600 2.74 $ 2.96 222,600 2.74 $ 1.65 400,000 5.59 $ 1.65 400,000 5.59 815,600 The Share-based compensation expense recorded for stock options granted was ¥2,039,446, ¥840,286 and ¥Nil for the years ended June 30, 2017, 2018 and 2019, respectively. No unrecognized share-based compensation for stock options as of June 30, 2019. Restricted Shares to Senior Management As of June 30, 2019, the Company has granted restricted shares of common stock to senior management as follows: On January 31, 2015, the Company granted 150,000 restricted shares to the Chief Executive Officer ("CEO") and 150,000 restricted shares to the Chief Technology Officer ("CTO") at an aggregate value of $495,000, based on the stock closing price of $1.65 at January 31, 2015. These restricted shares were vested over three years with one-third of the shares vesting every year from the grant date. All granted shares under this plan are fully vested on January 31, 2018. On October 18, 2015, the Company granted 800,000 restricted shares to its employees and non-employee director as compensation cost for awards. The fair value of the restricted shares was $704,000 based on the closing stock price $0.88 at October 18, 2015. These restricted shares were vested over three years with one-third of the shares vesting every year from the grant date. As of June 30, 2017, 19,000 shares were forfeited and went back to the incentive pool due to some staffs’ resignation. All granted shares under this plan are fully vested on October 18, 2018. On July 27, 2016, the Company granted 876,000 restricted shares to its employees and non-employee director as compensation cost for awards. The fair value of the restricted shares was $963,600 based on the closing stock price $1.10 at July 27, 2016. The Company also re-granted the previously forfeited 19,000 to its employees. These restricted shares will vest over three years with one-third of the shares vesting every year from the grant date. As of June 30, 2019, 596,667 shares were vest and 298,333 will not be vested until July 27, 2019. On December 9, 2016, the Company approved management’s new plan based on future performance for the three fiscal years from 2017 to 2019. The Company also agreed on front-issuing of shares based on the optimism situation, thus non-vested 3.01 million shares were issued to management on January 23 2017. The fair value of the restricted shares was $4,063,500 based on the closing stock price $1.35 at December 9, 2016. 800,000 shares were vested during the year ended June 30, 2018 based on the financial results for the year ended June 30, 2017. 960,000 shares were vested during the year ended June 30, 2019 based on the financial results for the year ended June 30, 2018. Prior to the filing of the annual report for the years ending June 30, 2018 and 2019, the remaining 1,250,000 shares under this plan may not be sold, transferred, hypothecated, voted or otherwise used for any purpose, and any shares that are not earned as stated above will be automatically cancelled without payment by the transfer agent of the Company. On October 13, 2017, the Company granted 900,000 restricted shares to its employees as compensation cost for awards. The fair value of the restricted shares was $919,800 based on the closing stock price $1.02 at October 13, 2017. These restricted shares will vest over three years with one-third of the shares vesting every year from the grant date. The first 300,000 shares were vested on October 13, 2018. The remaining 600,000 will not be vested until October 13, 2019 and 2020, respectively. On August 21, 2018, the Company granted 1,956,000 restricted shares to its employees as compensation cost for awards. The fair value of the restricted shares was $2,523,240 based on the closing stock price $1.29 at August 21, 2018. These restricted shares will vest over three years with one-third of the shares vesting every year from the grant date. The above-mentioned shares will not be vested until August 21, 2019, 2020 and 2021, respectively. 1,563,667 and 858,667 restricted shares were issued and outstanding for the years ended June 30, 2018 and 2019, respectively, for all the plans mentioned above. The share-based compensation expense recorded for restricted shares issued for management was ¥12,904,723, ¥14,621,838 and ¥21,288,204 ($3,100,164) for the years ended June 30, 2017, 2018 and 2019, respectively. The total unrecognized share-based compensation expense of restricted shares issued for management as of June 30, 2019 was approximately ¥15.23 million ($2.22 million), which is expected to be recognized over a weighted average period of approximately 1.97 years. Restricted Shares for service As of June 30, 2019, the Company has granted restricted ordinary shares to consultants as follows: On July 27, 2016, the Company approved the grant of 250,000 restricted shares with a value of $275,000 based on the closing stock price of $1.10 on July 27, 2016 to designees of an independent consulting firm as compensation for advisory services. The vesting period of these shares was one year from the date of contract. 250,000 shares were issued under this plan on October 27, 2016. On November 10, 2016, the Company approved the grant of 330,000 restricted shares with a value of $300,993 based on the closing stock price of $0.9121 on November 10, 2016 to a company as payment for development of software and models. The vesting period of these shares was three-month from the date of contract. Those restricted shares were issued on January 23, 2017. On March 31, 2017, the Company approved the grant of 200,000 restricted shares with a value of $256,020 based on the closing stock price of $1.2801 on March 31, 2017 to designees of an independent consulting firm as payment for accounting management and consulting service. The vesting period of these shares was two-year from the date of contract. The 200,000 restricted shares were issued on November 17, 2017 and September 13, 2018, respectively. On April 5, 2017, the Company approved the grant of 300,000 restricted shares with a value of $390,000 based on the closing stock price of $1.30 on April 5, 2017 to a company as payment for promotion PR/IR service. The vesting period of these shares was one year from the date of contract. 300,000 restricted shares were vested and no shares were issued as of date of this report. On April 24, 2017, the Company approved the grant of 500,000 restricted shares with a value of $555,050 to a company to prepare research report for online gas selling platform. The fair value of those restricted shares was based on the closing stock price of $1.101 on June 15, 2017 when the service was fully rendered to the Company. All granted shares under this plan are fully vested by June 15, 2017 and issued on November 17, 2017. On August 27, 2018, the Company approved the grant of 25,000 restricted shares with a value of $32,000 based on the closing stock price of $1.28 on August 27 to a company as payment for promotion PR/IR service. The vesting period of these shares was one year from the date of contract. 25,000 restricted shares were issued under this plan on August 27, 2018, and 21,111 restricted shares were vested as of June 30, 2019. The Share-based compensation expense recorded for restricted shares issued for service was ¥8,399,240, ¥3,050,896 and ¥845,781 ($123,170) for the years ended June 30, 2017, 2018 and 2019, respectively. The total unrecognized share-based compensation expense of restricted shares issued for service as of June 30, 2019 was approximately ¥34,181 ($4,978), which is expected to be recognized over a weighted average period of approximately 0.16 years. Following is a summary of the restricted shares granted: Restricted stock grants Shares Non-vested as of June 30, 2017 4,925,667 Granted 900,000 Vested (1,783,667) Non-vested as of June 30, 2018 4,042,000 Granted 1,981,000 Vested (1,914,778) Non-vested as of June 30, 2019 4,108,222 The following is a summary of the status of restricted stock at June 30, 2019: Outstanding Restricted Shares Average Remaining Fair Value per Amortization Share Number Period (Years) $ 1.10 298,333 0.07 $ 1.02 600,000 1.29 $ 1.29 1,956,000 2.15 $ 1.35 1,250,000 0.25 $ 1.28 3,889 0.16 4,108,222

INCOME TAX

INCOME TAX	12 Months Ended
	Jun. 30, 2019
INCOME TAX
INCOME TAX	NOTE 20. INCOME TAX The Company is not subject to any income taxes in the United States or the Cayman Islands and had minimal operations in jurisdictions other than the PRC. BHD and Nanjing Recon are subject to PRC’s income taxes as PRC domestic companies. The Company follows Implementing Rules for the Enterprise Income Tax Law (“Implementing Rules”), which took effect on January 1, 2008 and unified the income tax rate for domestic-invested and foreign-invested enterprises at 25%. Nanjing Recon was approved as a government-certified high-technology company and is subject to a reduced income tax rate of 15% through November 30, 2019. As approved by the domestic tax authority in the PRC, BHD was recognized as a government-certified high-technology company on November 25, 2009 and is subject to a reduced income tax rate of 15% through November 25, 2018. BHD reapplied for a high-technology company certificate, and the new certificate was approved as October 31, 2018 and will expire on October 31, 2021. Income (loss) before provision for income taxes consisted of: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Outside China areas ¥ (21,599,806) ¥ (28,447,953) ¥ (4,142,826) China (23,759,198) 3,064,024 446,208 Total ¥ (45,359,004) ¥ (25,383,929) $ (3,696,618) Deferred tax asset, net is composed of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Allowance for doubtful receivables ¥ 703,545 ¥ 832,515 ¥ 121,238 Impairment loss from investment in unconsolidated entity 605,660 605,660 88,201 Net operating loss carryforwards 6,911,270 7,456,198 1,085,833 Less: Valuation allowance (8,220,475) (8,894,373) (1,295,272) Deferred income tax assets, net ¥ — ¥ — $ — Following is a reconciliation of income tax expense at the effective rate to income tax at the calculated statutory rates: For the years ended June 30, 2017 2018 2019 2019 RMB RMB RMB U.S. Dollars Income tax benefits calculated at PRC statutory rates ¥ (580,551) ¥ (5,679,505) ¥ (6,318,111) $ (920,095) Nondeductible expenses and others 93,709 (65,427) (56,127) (8,174) Favorable tax rate impact 232,221 2,009,486 6,378,169 928,842 Benefit of revenue exempted from enterprise income tax (19,919) (55,748) (279,352) (40,682) Change in valuation allowances 602,583 3,869,157 673,898 98,139 Tax refund (20,143) (61,733) — — Provision for income tax ¥ 307,900 ¥ 16,230 ¥ 398,477 $ 58,030 The Company’s income tax expense is composed of the following: For the years ended June 30, 2017 2018 2019 2019 RMB RMB RMB U.S. Dollars Current income tax provision ¥ 307,900 ¥ 16,230 ¥ 398,477 $ 58,030 Deferred income tax provision — — — — Expense for income tax ¥ 307,900 ¥ 16,230 ¥ 398,477 $ 58,030

NON-CONTROLLING INTEREST

NON-CONTROLLING INTEREST	12 Months Ended
	Jun. 30, 2019
NON-CONTROLLING INTEREST
NON-CONTROLLING INTEREST	NOTE 21. NON-CONTROLLING INTEREST Non-controlling interest consisted of the following: As of June 30, 2018 Nanjing Gan Su Qinghai BHD Recon BHD BHD Total Total RMB RMB RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 3,500,000 ¥ 200,000 ¥ 5,551,000 $ 838,544 Unappropriated retained earnings 3,152,687 3,491,859 (548,899) (754,014) 5,341,633 806,918 Accumulated other comprehensive loss (18,850) (11,853) — — (30,703) (4,638) Total non-controlling interests ¥ 4,784,837 ¥ 3,680,006 ¥ 2,951,101 ¥ (554,014) ¥ 10,861,930 $ 1,640,824 As of June 30, 2019 Nanjing Gan Su Qinghai BHD Recon BHD BHD Total Total RMB RMB RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 4,350,000 ¥ — ¥ 6,201,000 $ 903,040 Unappropriated retained earnings 3,477,493 3,616,002 (1,351,699) (826,664) 4,915,132 715,783 Accumulated other comprehensive loss (18,850) (11,853) — — (30,703) (4,471) Total non-controlling interests ¥ 5,109,643 ¥ 3,804,149 ¥ 2,998,301 ¥ (826,664) ¥ 11,085,429 $ 1,614,352

CONCENTRATIONS

CONCENTRATIONS	12 Months Ended
	Jun. 30, 2019
CONCENTRATIONS
CONCENTRATIONS	NOTE 22. CONCENTRATIONS For the year ended June 30, 2017, CNPC represented approximately 72% and another customer represented approximately 10% of the Company’s revenue. At June 30, 2017, CNPC accounted for 32% and another three customers accounted for 18%, and 14% and 10% of the Company’s trade accounts receivable, net, respectively. For the year ended June 30, 2018, CNPC represented approximately 45% and another customer represented approximately 43% of the Company’s revenue. At June 30, 2018, CNPC accounted for 29% and another two customers accounted for 22% and 14% of the Company’s trade accounts receivable, net, respectively. For the year ended June 30, 2019, CNPC represented approximately 39% and another two customers represented approximately 24% and 12% of the Company's revenue, respectively. At June 30, 2019, CNPC accounted for 31% and another three customers accounted for 18%, 14% and 10% of the Company’s trade accounts receivable, net, respectively.

COMMITMENTS AND CONTINGENCY

COMMITMENTS AND CONTINGENCY	12 Months Ended
	Jun. 30, 2019
COMMITMENTS AND CONTINGENCY
COMMITMENTS AND CONTINGENCY	NOTE 23. COMMITMENTS AND CONTINGENCY (a) Office Leases The Company entered into six non-cancellable operating lease agreements for office spaces and factories. Future payments under such leases are as follows as of June 30, 2019: Twelve months ending June 30, RMB U.S. Dollars 2020 ¥ 1,875,092 $ 273,066 Total ¥ 1,875,092 $ 273,066 Rent expense for the years ended June 30, 2017, 2018 and 2019 was ¥1,664,128, ¥2,8596,809 and ¥2,659,570 ($387,308), respectively. (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 June 30, 2019, the Company estimated its severance payments of approximately ¥3.3 million ($0.5 million) which has not been reflected in its consolidated financial statements, because management cannot predict what the actual payment, if any, will be in the future. (c) Purchase commitment The total future minimum purchase commitment under the non-cancellable purchase contracts as of June 30, 2019 are payable as follows: Year ending June 30, Minimum purchase commitment 2019 ¥ 864,433 $ 125,886 Thereafter — — Total minimum payments required ¥ 864,433 $ 125,886

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	12 Months Ended
	Jun. 30, 2018
RELATED PARTY TRANSACTIONS AND BALANCES
RELATED PARTY TRANSACTIONS AND BALANCES	NOTE 24. RELATED PARTY TRANSACTIONS AND BALANCES Sales to related party – Sales to related party consisted of the following: For the years ended June 30, 2017 2018 2019 2019 RMB RMB RMB U.S. Dollars Urumqi Yikeli Automatic Control Equipment Co., Ltd.* ¥ — ¥ 577,009 ¥ 3,726,894 $ 542,741 Total revenues from related party ¥ — ¥ 577,009 ¥ 3,726,894 $ 542,741 Prepaid expenses - related parties - Prepaid expenses - related parties consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Founders ¥ — ¥ 132,600 $ 19,311 Founders' family member — 85,000 12,378 Total prepaid expenses - related parties ¥ — ¥ 217,600 $ 31,689 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 with annual rental expense at ¥1.68 million ($0.24 million). The details of leases from related parties are as below: Monthly Rent Monthly Rent Lessee Lessor Rent Period RMB USD Nanjing Recon One of the Founders April 1, 2018 - March 31, 2020 ¥ 60,000 $ 8,738 BHD One of the Founders January 1, 2019 - December 31, 2019 22,500 3,277 BHD Founders' family member January 1, 2019 - December 31, 2019 47,500 6,917 Recon-BJ One of the Founders July 1, 2019 - June 30, 2020 10,000 1,456 Short-term borrowings from related party - The Company borrowed ¥9,018,065 and ¥9,010,525 ($1,312,187) from one of the Founders as of June 30, 2018 and 2019, respectively. For the specific terms and interest rates of the borrowings, see Note 16. Long-term borrowings from related party - The Company borrowed ¥9,663,729 and ¥8,977,001 ($1,307,305) from one of the Founders as of June 30, 2018 and 2019, respectively. For the specific terms and interest rates of the borrowings, see Note 17. Expenses paid by the owner on behalf of Recon – Shareholders of our VIEs paid certain operating expenses for the Company. As of June 30, 2018 and 2019, ¥2,767,349 and ¥2,029,908 ($295,612) was due to them, respectively. See Note 13. Other related party transaction - In connection with the Company's ¥2.5 million loan from Bank of Nanjing, one of the founders provided a guarantee to this bank borrowing (see Note 15).

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
	Jun. 30, 2019
VARIABLE INTEREST ENTITIES
VARIABLE INTEREST ENTITIES	NOTE 25. VARIABLE INTEREST ENTITIES VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision making ability. All VIEs and their subsidiaries with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes. Summary information regarding consolidated VIEs is as follows: June 30, 2018 June 30, 2019 June 30, 2019 RMB RMB U.S. Dollars ASSETS Current Assets Cash and cash equivalents ¥ 7,336,672 ¥ 444,763 $ 64,770 Notes receivable 3,995,962 3,073,680 447,615 Trade accounts receivable, net 24,254,007 71,945,194 10,477,252 Purchase advances, net 12,654,546 1,343,576 195,663 Other assets 14,281,461 16,578,876 2,414,353 Total current assets 62,522,648 93,386,089 13,599,653 　 　 Non-current assets 20,966,716 38,591,721 5,620,044 Total Assets ¥ 83,489,364 ¥ 131,977,810 $ 19,219,697 　 　 LIABILITIES 　 　 Trade accounts payable ¥ 8,754,347 ¥ 14,089,293 $ 2,051,799 Taxes payable 278,184 2,027,076 295,200 Other liabilities 14,730,356 23,514,531 3,424,380 Total current liabilities 23,762,887 39,630,900 5,771,379 　 　 Non-current liabilities 8,943,834 8,196,204 1,193,599 Total Liabilities ¥ 32,706,721 ¥ 47,827,104 $ 6,964,978 The financial performance of VIEs reported in the consolidated statement of operations and comprehensive loss for the year ended June 30, 2017 includes revenues of ¥60,054,462, operating expenses of ¥18,074,743, and net loss of ¥2,757,013. The financial performance of VIEs reported in the consolidated statement of operations and comprehensive loss for the year ended June 30, 2018 includes revenues of ¥84,712,046, operating expenses of ¥22,441,733, and net loss of ¥22,734,249. The financial performance of VIEs reported in the consolidated statement of operations and comprehensive loss for the year ended June 30, 2019 includes revenues of ¥102,384,327 ($14,910,049), operating expenses of ¥21,501,642 ($3,131,246), and net income of ¥3,897,110 ($567,529).

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Jun. 30, 2019
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 26. SEGMENT REPORTING ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products. Based on management’s assessment, the Company has determined that it has three operating segments: automation product and software, equipment and accessories and oilfield environmental protection. The following tables present summary information by segment for the years ended June 30, 2017, 2018 and 2019, respectively: For the year ended June 30, 2017 2018 2019 2019 RMB RMB RMB U.S. Dollars Automation product and software ¥ 22,399,066 ¥ 18,989,924 ¥ 63,577,177 $ 9,258,632 Equipment and accessories 26,658,094 63,960,425 23,951,132 3,487,961 Oilfield environmental protection 10,997,302 1,761,697 14,856,018 2,163,456 Total revenue ¥ 60,054,462 ¥ 84,712,046 ¥ 102,384,327 $ 14,910,049 All the Company’s revenue was generated from its business operation in China. For the year ended June 30, 2019 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 63,577,177 ¥ 23,951,132 ¥ 14,856,018 ¥ 102,384,327 Cost of revenue and related tax 49,356,155 15,039,628 8,123,180 72,518,963 Gross profit ¥ 14,221,022 ¥ 8,911,504 ¥ 6,732,838 ¥ 29,865,364 Depreciation and amortization ¥ 78,760 ¥ 1,018,012 ¥ 27,239 ¥ 1,124,011 Total capital expenditures ¥ 162,060 ¥ 1,573,896 ¥ 4,606,823 ¥ 6,342,779 For the year ended June 30, 2018 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 18,989,924 ¥ 63,960,425 ¥ 1,761,697 ¥ 84,712,046 Cost of revenue and related tax 17,036,393 62,115,400 1,410,068 80,561,861 Gross profit ¥ 1,953,531 ¥ 1,845,025 ¥ 351,629 ¥ 4,150,185 Depreciation and amortization ¥ 48,127 ¥ 1,044,079 ¥ 26,843 ¥ 1,119,049 Total capital expenditures ¥ 100,327 ¥ 1,403,083 ¥ 10,519,072 ¥ 12,022,482 For the years ended June 30, 2017 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 22,399,066 ¥ 26,658,094 ¥ 10,997,302 ¥ 60,054,462 Cost of revenue and related tax 12,593,429 22,023,851 9,473,680 44,090,960 Gross profit ¥ 9,805,637 ¥ 4,634,243 ¥ 1,523,622 ¥ 15,963,502 Depreciation and amortization ¥ 39,846 ¥ 816,889 ¥ — ¥ 856,735 Total capital expenditures ¥ 75,809 ¥ 562,310 ¥ — ¥ 638,119 June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Total assets: Automation product and software ¥ 53,284,643 ¥ 71,337,589 $ 10,388,771 Equipment and accessories 40,365,472 50,800,483 7,397,984 Oilfield environmental protection 28,157,402 34,843,482 5,074,195 Total Assets ¥ 121,807,517 ¥ 156,981,554 $ 22,860,950

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2019
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 27. SUBSEQUENT EVENTS On September 24, 2019, the Company signed an extension agreement with FGS to postpone the definitive investment agreement and supplemental agreement signed on August 21, 2018 by both companies to provide extra period for FGS to further fulfill the goals mentioned on the supplemental agreement. During the original contract period, FGS adjusted its operation model with an advanced improvement of its App and business model. Objected user and average Gross Merchandise Volume (GMV) of FGS’s App have been exceeded. FGS will need an extension to deploy its business in more provinces to complete a goal of 200 more gas stations.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2019
SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation	Basis of presentation - The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and have been consistently applied.
Principles of Consolidation	Principles of Consolidation - The consolidated financial statements include the accounts of the Company, all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation.
Variable Interest Entities	Variable Interest Entities - A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support or (ii) has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated by its primary beneficiary. The primary beneficiary has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. The Company performs ongoing assessments to determine whether an entity should be considered a VIE and whether an entity previously identified as a VIE continues to be a VIE and whether the Company continues to be the primary beneficiary. Assets recognized as a result of consolidating VIEs do not represent additional assets that could be used to satisfy claims against the Company’s general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets; rather, they represent claims against the specific assets of the consolidated VIEs.
Currency Translation	Currency Translation - The Company’s functional currency is the Chinese Yuan (“RMB”) and the accompanying consolidated financial statements have been expressed in Chinese Yuan. The consolidated financial statements as of and for the year ended June 30, 2019 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 ¥6.8668 = US$1.00, the approximate exchange rate prevailing on June 30, 2019. These translated U.S. dollar amounts should not be construed as representing Chinese Yuan amounts or that the Chinese Yuan amounts have been or could be converted into U.S. dollars.
Estimates and assumptions	Estimates and assumptions - The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in United States of America (“US GAAP”), which requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Estimates are adjusted to reflect actual experience when necessary. Significant accounting estimates reflected in the Company’s consolidated financial statements include allowance for doubtful accounts related to trade accounts receivable, other receivables and purchase advances, allowance for inventory, the useful lives of property and equipment, valuation allowance for deferred tax assets, impairment assessment for long-lived assets and investment and the fair value of share- based payments. The use of estimates is an integral component of the financial reporting process; actual results could differ from those estimates. The key assumptions underlying the Company’s accounting for material arrangements and the reasonably likely material effects of resolving any uncertainties on the Company’s allowance for doubtful accounts related to purchase advances. The production of the Company’s products requires custom-made equipment from its suppliers. To ensure that it can secure the required customized equipment, the Company often needs to make full prepayment for its intended purchases. As a standard practice in the petroleum extraction industry, the Company generally must submit a bid in order to secure the sales contract. The bidding process generally takes between one month to one year and the timing depends on the size of the overall project, which timing and size are generally controlled by its client. In order to secure timely purchase delivery and to meet its product delivery schedule, the Company normally prepays for the purchase advances if the Company believes that it is more than likely to win the bid for the sales contract which is accounted as pre-contract costs. After winning the bid and securing the sale contract, the Company normally needs to deliver its products approximately within one week to six months. Based on the Company’s historical experience, the Company generally is able to realize its purchase advances on the customized equipment that it orders. If it subsequently confirms that the Company is unable to secure the planned contracts with a customer after making the advance payments for these planned contracts, the Company evaluates the probable recoverability of the pre-contract cost and charges to expenses when the Company determines that the recovery of such pre-contract cost is improbable.
Fair Values of Financial Instruments	Fair Values of Financial Instruments - The US GAAP accounting standards regarding fair value of financial instruments and related fair value measurements define fair value, establish a three-level valuation hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable. The carrying amounts reported in the consolidated balance sheets for trade accounts receivable, other receivables, purchase advances, trade accounts payable, accrued liabilities, advances from customers, investment payable, short-term bank loan and short-term borrowings approximate fair value because of the immediate or short-term maturity of these financial instruments.
Trade Accounts and Other Receivables , net	Trade Accounts and Other Receivables , net - Accounts receivable are carried at original invoiced amount less a provision for any potential uncollectible amounts. Accounts are considered 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.
Notes Receivable, net	Notes Receivable, net - Notes receivable represent short-term notes receivables issued by reputable financial institutions that entitle the Company to receive the full-face amount from the financial institutions at maturity, which generally range from three to six months from the date of issuance.
Purchase Advances, net	Purchase Advances, net - Purchase advances are the amounts prepaid to suppliers for business activities, such as standard raw materials, supplies and services. These types of prepayments will be expensed when those products or services have been rendered or consumed. Contract Assets - The Company recognizes an asset from the costs incurred to fulfill a contract when those costs meet all of the following criteria: (i) the costs relate directly to a contract or to an anticipated contract that the Company can specifically identify; (ii) the costs generate or enhance resources of the Company that will be used in satisfying (or in continuing to satisfy) performance obligations in the future; and (iii) the costs are expected to be recovered. - Pre-Contract Costs – Pre-contract costs are the amounts prepaid to suppliers for purchases of customized equipment in anticipation of obtaining planned contracts for the Company’s hardware and software revenues. If it subsequently confirms that the Company is unable to secure the planned contracts with a customer after making the advance payments for these planned contracts, the Company evaluates the probable recoverability of the pre-contract cost and charges to expenses when the Company determines that the recovery of such pre-contract cost is improbable. - Executed Contract Costs – Direct costs, such as material, labor, depreciation and amortization and subcontracting costs and indirect costs allocable to contracts include the costs of contract supervision, tools and equipment, supplies, quality control and inspection, insurance, repairs and maintenance for quality assurance purposes before clients’ initial acceptance. Once products are delivered, installed and debugged for intended use and accepted by a client, which may last from weeks to months (this process is decided by the client’s individual project construction arrangement), the Company records revenue based on the contract or the final clients’ acceptance. Minor costs for repair during the maintenance period after initial acceptance are recorded as cost of goods sold as they are incurred. All other general and administrative costs and selling costs are charged to expenses as incurred. The Company generally ships its products approximately one week to six months after production begins and the timing depends on the size of the overall project.
Inventories, net	Inventories, net - Inventories are stated at the lower of cost or net realizable value, on a first-in-first-out basis. The methods of determining inventory costs are used consistently from year to year. Allowance for inventory obsolescence is provided when the market value of certain inventory items is lower than the cost.
Property and Equipment, net	Property and Equipment, net - Property and equipment are stated at cost. Depreciation on motor vehicles and office equipment is computed using the straight-line method over the estimated useful lives of the assets, which range from two to ten years. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the assets. Items Useful life Motor vehicles 5-10 years Office equipment 2-5 years Production equipment 10 years
Land Use Rights	Land Use Rights - According to the Chinese laws and regulations regarding land use rights, land in urban districts is owned by the State, while land in the rural areas and suburban areas, except otherwise provided for by the State, is collectively owned by individuals designated as resident farmers by the State. In accordance with the legal principle that land ownership is separate from the right to the use of the land, the government grants individuals and companies the rights to use parcels of land for a specified period of time. Land use rights which are usually prepaid, are stated at cost less accumulated amortization. Amortization is provided over the life of the land use rights, using the straight-line method. The estimated useful life is 50 years, based on the term of the land use rights.
Long-Lived Assets	Long-Lived Assets - Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. Fair value is determined based on the estimated discounted future cash flows expected to be generated by the asset. There were no impairments at June 30, 2018 and 2019.
Long-term investments	Long-term investments - Cost method investment - For an investee over which the Company does not have significant influence and a controlling interest, the Company carries the investment at cost and recognizes income for any dividend received from the distribution of the investee’s earnings. The Company reviews its cost method investment for impairment whenever an event or circumstance indicates that an other-than-temporary impairment has occurred. The Company considers available quantitative and qualitative evidence in evaluating potential impairment of its cost method investment. An impairment charge is recorded if the carrying amount of an investment exceeds its fair value and such excess is determined to be other-than-temporary. The Company recorded an approximately ¥4.0 million ($0.58 million) impairment loss on its cost method investment in unconsolidated entity during the year ended June 30, 2018. - Equity method investment - For an investee over which the Company has the ability to exercise significant influence, but does not have a controlling interest, the Company accounted for those using the equity method. Significant influence is generally considered to exist when the Company has an ownership interest in the voting stock of the investee between 20% and 50%. Other factors, such as representation on the investee’s board of directors, voting rights and the impact of commercial arrangements, are also considered in determining whether the equity method of accounting is appropriate. An impairment charge is recorded if the carrying amount of the investment exceeds its fair value and this condition is determined to be other-than-temporary. The Company did not record impairment losses on its equity method investment during the year ended June 30, 2019. The Company recorded an approximately ¥959,905 ($139,789) investment loss on its equity method investment in unconsolidated entity during the year ended June 30, 2019.
Revenue Recognition	Revenue Recognition - The Company previously recognized 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. With adoption of Accounting Standard Codification (“ASC”) 606, “Revenue from Contracts with Customers”, revenue is now recognized when all of the following five steps are met: (i) identify the contract(s) with the customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations; (v) recognize revenue when (or as) each performance obligation is satisfied. The Company applied the new revenue standard from July 1, 2018 and adopted a modified retrospective approach upon the adoption. The core principle underlying the new revenue recognition ASU is that the Company will recognize revenue to represent the transfer of goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. This will require the Company to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when goods or services are provided to a customer. Adoption of ASC Topic 606, "Revenue from Contracts with Customers" The Company has completed its assessment of the impact of the new standard and adopted the new standard for all open contracts as of July 1, 2018 using the modified retrospective transition method, and applied the guidance to report new disclosures surrounding the Company’s recognition of revenue. The adoption of the new standard did not have a material impact on the financial position of the Company, the results of its operations or its cash flows as of and for the year ended June 30, 2019, and the Company’s internal controls over financial reporting. There was no cumulative effect of adopting the standard at the date of initial application in retained earnings. The Company’s Revenue Recognition accounting policy has been updated for the new standard. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Disaggregation of Revenues Revenues are recognized when control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The following items represent the Company’s revenues disaggregated by revenue source. In accordance with ASC 606-10-50-5, the Company selects categories to present disaggregated revenue that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors and delivery conditions of products and fulfillment of obligations. The Company’s disaggregation of revenues for the years ended June 30, 2019, 2018 and 2017 is disclosed in Note 26. Automation Products and Software; Equipment and Accessories The Company generates revenues primarily through delivery of standard or customized products and equipment, including automation products, furnaces and related accessories. Revenue is recognized when products are delivered, and acceptance reports are signed off by customers. The sale of automation products or our specialized equipment when combined with services represent a single performance obligation for the development and construction of a single asset. The Company may also provide installation services to clients as there may be such obligation in contracts. The promises to transfer the equipment and installation are not separately identifiable, which is evidenced by the fact that the Company provides significant services of integrating the goods and services into a single deliverable for which the customer has contracted. For such sales arrangements, the Company recognizes revenue using input method, based on the relationship between actual costs incurred compared to the total estimated costs for the contract. Such method is adopted because the Company believes it best depicts the transfer of goods and services to the customer. Oilfield Environmental Protection Service The Company provides waste water treatment and oily sludge disposal service to oilfield and chemical industry companies and generates revenue from special equipment, self-developed chemical products and supporting service, transfer and treatment of oily sludge. Revenue is recognized when contract obligations have been performed. For such sales arrangements, the Company recognize revenue using input method, based on the relationship between actual costs incurred compared to the total estimated costs for the contract. Such method is adopted because the Company believes it best depicts the transfer of services to the customer. Arrangements with Multiple Performance Obligations Contracts with customers may include multiple performance obligations. For such arrangements, the Company will allocate revenues to each performance obligation based on its relative standalone selling price. We generally determine standalone selling prices based on the prices charged to customers or using expected cost-plus margin. Performance Obligations - Performance obligations include delivery of products and installation of products. The Company recognizes revenue when performance obligations under the terms of a contract with its customer are satisfied. This occurs when the control of the goods and services have been transferred to the customer. Accordingly, revenue for sale of goods is generally recognized upon shipment or delivery depending on the shipping terms of the underlying contract. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods and providing installation services. Amounts billed to customers for shipping and handling activities to fulfill the Company’s promise to transfer the goods are included in Sales, and costs incurred by the Company for the delivery of goods are classified as Cost of sales in the Consolidated Statements of Operations and Comprehensive Loss. Sales, value added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Company generally offers assurance-type warranties for its products. The specific terms and conditions of those warranties vary depending upon the product. The Company estimates the costs that may be incurred under its warranties and records a liability in the amount of such costs at the time product revenue is recognized. Factors that affect the warranty liability include historical product-failure experience and estimated repair costs for identified matters. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. The amount accrued for expected returns and warranty claims was immaterial as of June 30, 2019. The amount of revenue recognized during the twelve months ended June 30, 2019 that was previously included within the deferred revenue and advances from customers balances was ¥122,996 ($17,912) and primarily relates to warranty liabilities and performance obligations that were satisfied in prior periods. Practical Expedients Elected Incremental Costs of Obtaining a Contract - The Company has elected the practical expedient permitted in ASC 340-40-25-4, which permits an entity to recognize incremental costs to obtain a contract as an expense when incurred if the amortization period will be less than one year. Significant Financing Component - The Company has elected the practical expedient permitted in ASC 606-10-32-18, which allows an entity to not adjust the promised amount of consideration for the effects of a significant financing component if a contract has a duration of one year or less. As the Company’s contracts are typically less than one year in length, consideration will not be adjusted. The Company’s contracts include a standard payment term of 90 days to 180 days; consequently there is no significant financing component within contracts. The following table provides changes to the opening balances of certain current assets accounts resulting from the adoption of the new guidance. June 30, Impact of July 1, 2018 July 1, 2018 Adoption (As adjusted) 2018 RMB RMB RMB U.S. Dollars Inventories ¥ 7,972,115 ¥ (7,972,115) ¥ — $ — Other receivables 824,709 (824,709) — — Purchase advances 5,334,829 (5,334,829) — — Contract assets — 14,131,653 14,131,653 2,057,968 Total contract assets ¥ 14,131,653 ¥ — ¥ 14,131,653 $ 2,057,968
Share-Based Compensation	Share-Based Compensation - Share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense with graded vesting on a straight–line basis over the requisite service period for the entire award. The Company has elected to recognize compensation expenses using the Black-Scholes valuation model estimated at the grant date based on the award’s fair value
Research and Development Expenses	Research and Development Expenses - Research and development expenses relating to improving development efficiency and the quality of the Company’s products and services, including s design of downhole automation platform systems and chemical products used for waste water treatment, are expensed as incurred.
Shipping and Handling Costs	Shipping and Handling Costs - Shipping and handling cost incurred to ship products to customers are included in selling and distribution expenses. Shipping and handling expenses were ¥752,656, ¥1,170,358 and ¥749,719 ($109,180) for the years ended June 30, 2017, 2018 and 2019, respectively.
Income Taxes	Income Taxes - Provisions for income taxes are based on taxes payable or refundable for the current year and deferred taxes. Deferred taxes are provided on differences between the tax bases of assets and liabilities and their reported amounts in the financial statements, and tax carry forwards. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. The Company has not been subject to any income taxes in the United States or the Cayman Islands. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. The Company has no uncertain tax position as of June 30, 2018 and 2019. As of June 30, 2019, the tax years ended December 31, 2014 through December 31, 2018 for the Company’s People’s Republic of China (“PRC”) subsidiaries remain open for statutory examination by PRC tax authorities.
Loss per Share	Loss per Share - Loss Per Share (“EPS”) is computed by dividing net loss by the weighted average number of ordinary shares outstanding. Diluted EPS are computed by dividing net loss by the weighted-average number of ordinary shares and dilutive potential ordinary share equivalents outstanding. Potentially dilutive ordinary shares consist of ordinary shares issuable upon the conversion of ordinary stock options, restricted shares and warrants (using the treasury stock method). The effect from options, restricted shares and warrants would have been anti-dilutive due to the fact that the Company incurred a net loss for the years ended June 30, 2017, 2018 and 2019.
Reclassification	Reclassification - Certain prior year amounts had been reclassified to conform to the current period presentation. These reclassifications have no effect on the results of operations and cash flows previously reported.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), to increase the transparency and comparability about leases among entities. The new guidance requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018, and requires a modified retrospective approach to adoption assuming the Company will remain an emerging growth company at that date. Early adoption is permitted. In September 2017, the FASB issued ASU No. 2017-13, which to clarify effective dates that public business entities and other entities were required to adopt ASC Topic 842 for annual reporting. A public business entity that otherwise would not meet the definition of a public business entity except for a requirement to include or the inclusion of its financial statements or financial information in another entity's filing with the SEC adopting ASC Topic 842 for annual reporting periods beginning after December 15, 2019, and interim reporting periods within annual reporting periods beginning after December 15, 2020. ASU No. 2017-13 also amended that all components of a leveraged lease be recalculated from inception of the lease based on the revised after tax cash flows arising from the change in the tax law, including revised tax rates. The difference between the amounts originally recorded and the recalculated amounts must be included in income of the year in which the tax law is enacted. The Company has not early adopted this update and it will become effective on July 1, 2020. The Company is currently evaluating the impact of this new standard on its financial statements and related disclosures. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement,” to improve the effectiveness of disclosures in the notes to financial statements related to recurring or nonrecurring fair value measurements by removing amounts and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels, and the valuation processes for Level 3 fair value measurements. The new standard requires disclosure of the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The amendments in this update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. In October 2018, the FASB issued ASU 2018-17, "Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities". The new standard changes how entities evaluate decision-making fees under the variable interest entity guidance. The new standard is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted in any interim period after issuance. The standard should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings at the beginning of the period of adoption. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. In November 2018, the FASB issued ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses.” ASU 2018-19 clarifies that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with ASC 842, Leases. The Company expects that the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the consolidated financial position, statements of operations and cash flows.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2019
SIGNIFICANT ACCOUNTING POLICIES
Schedule of estimated useful life	Items Useful life Motor vehicles 5-10 years Office equipment 2-5 years Production equipment 10 years
Schedule of changes to the opening balances of certain current assets accounts resulting from the adoption of the new guidance.	June 30, Impact of July 1, 2018 July 1, 2018 Adoption (As adjusted) 2018 RMB RMB RMB U.S. Dollars Inventories ¥ 7,972,115 ¥ (7,972,115) ¥ — $ — Other receivables 824,709 (824,709) — — Purchase advances 5,334,829 (5,334,829) — — Contract assets — 14,131,653 14,131,653 2,057,968 Total contract assets ¥ 14,131,653 ¥ — ¥ 14,131,653 $ 2,057,968

TRADE ACCOUNTS RECEIVABLE, NET

TRADE ACCOUNTS RECEIVABLE, NET (Tables)	12 Months Ended
	Jun. 30, 2019
TRADE ACCOUNTS RECEIVABLE, NET
Schedule of Accounts receivable	Accounts receivable, net consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Third Parties RMB RMB U.S. Dollars Trade accounts receivable ¥ 27,319,241 ¥ 72,180,616 $ 10,511,536 Allowance for doubtful accounts (3,065,234) (3,645,334) (530,863) Total - third-parties, net ¥ 24,254,007 ¥ 68,535,282 $ 9,980,673 June 30, June 30, June 30, 2018 2019 2019 Related Party RMB RMB U.S. Dollars Urumqi Yikeli Automatic Control Equipment Co., Ltd. ¥ — ¥ 3,409,912 $ 496,579 Total - related-party, net ¥ — ¥ 3,409,912 $ 496,579
Schedule of Movement of allowance for doubtful accounts	Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Beginning balance ¥ 4,265,505 ¥ 3,252,405 $ 473,642 Charge to (reversal of) expense (1,013,100) 392,929 57,221 Ending balance ¥ 3,252,405 ¥ 3,645,334 $ 530,863

OTHER RECEIVABLES, NET (Tables)

OTHER RECEIVABLES, NET (Tables)	12 Months Ended
	Jun. 30, 2019
OTHER RECEIVABLES, NET
Schedule of Other receivables	Other receivables, net consisted of the following: June 30, June 30, June 30, Third Party 2018 2019 2019 Current Portion RMB RMB U.S. Dollars Business advances to officers and staffs (A) 1,787,866 1,013,971 147,663 Deposits for projects 1,645,620 1,400,892 204,009 VAT recoverable 1,438,949 3,803,556 553,905 Others 1,390,448 1,348,913 196,440 6,262,883 7,567,332 1,102,017 Less: Long term portion (B) — (440,015) (64,079) Allowance for doubtful accounts (901,930) (1,461,724) (212,868) Other receivable - current portion ¥ 5,360,953 ¥ 5,665,593 $ 825,070 Provision for doubtful accounts of other receivables was ¥247,612, ¥109,302 and ¥259,766 ($37,829) for the years ended June 30, 2017, 2018 and 2019, respectively. (A) Business advances to officers and staffs represent advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance. (B) Long-term portion are mainly tender deposits for large-scale projects or rental contracts. These funds may not be collected back until projects are finished or contracts are completed.
Schedule of Movement of allowance for doubtful accounts	Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Beginning balance ¥ 1,505,419 ¥ 901,930 $ 131,346 Charge to expense 109,302 259,766 37,829 Add: reversal of (less: write-off) bad debt allowance (712,791) 300,028 43,693 Ending balance ¥ 901,930 ¥ 1,461,724 $ 212,868

LOANS TO THIRD PARTIES (Tables)

LOANS TO THIRD PARTIES (Tables)	12 Months Ended
	Jun. 30, 2019
LOANS TO THIRD PARTIES
Schedule of Accounts, Notes, Loans and Financing Receivable	June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Working fund to third party companies ¥ 1,960,000 ¥ 4,960,000 $ 722,316 Allowance for doubtful accounts — — — Total Loans to third parties ¥ 1,960,000 ¥ 4,960,000 $ 722,316

PURCHASE ADVANCES, NET (Tables)

PURCHASE ADVANCES, NET (Tables)	12 Months Ended
	Jun. 30, 2019
PURCHASE ADVANCES, NET
Schedule of purchase advances	The Company purchased products and services from third parties during the normal course of business. Purchase advances, net consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Third Party RMB RMB U.S. Dollars Capitalized pre-contract costs ¥ 1,508,491 ¥ — $ — Capitalized contract costs 4,221,942 — — Prepayment for others 7,376,745 1,592,076 231,852 Allowance for doubtful accounts (452,632) (248,500) (36,189) Total ¥ 12,654,546 ¥ 1,343,576 $ 195,663
Schedule of movement of allowance for doubtful accounts	Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Beginning balance ¥ 401,790 ¥ 452,632 $ 65,916 Charge to (reversal of) expense 62,556 (41,919) (6,105) Less: write-off (11,714) (162,212) (23,622) Ending balance ¥ 452,632 ¥ 248,500 $ 36,189

INVENTORIES, NET (Tables)

INVENTORIES, NET (Tables)	12 Months Ended
	Jun. 30, 2019
INVENTORIES, NET
Schedule of inventories	, NET Inventories consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Small component parts ¥ 55,726 ¥ 57,060 $ 8,310 Purchased goods and raw materials 59,328 226,868 33,038 Work in process and goods on site 5,155,215 533,924 77,754 Finished goods 2,888,096 452,671 65,922 Allowance for slow moving inventory (1,399,524) — — Total inventories, net ¥ 6,758,841 ¥ 1,270,523 $ 185,024
Schedule of movement of allowance for slow-moving inventories	Movement of allowance for slow-moving inventories is as follows: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Beginning balance ¥ 4,024,663 ¥ 1,399,524 $ 203,810 Charge to cost of sales 65,245 65,380 9,521 Less: Selling of slow-moving items (2,690,384) (1,464,904) (213,331) Ending balance ¥ 1,399,524 ¥ — $ —

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Jun. 30, 2019
PROPERTY AND EQUIPMENT, NET
Schedule of Property and equipment	June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Motor vehicles ¥ 4,456,156 ¥ 4,923,152 $ 716,951 Office equipment and fixtures 1,239,914 1,350,235 196,632 Production equipment 1,609,500 2,580,628 375,812 Total property and equipment 7,305,570 8,854,015 1,289,395 Less: Accumulated depreciation (4,134,461) (5,192,694) (756,203) Property and equipment, net ¥ 3,171,109 ¥ 3,661,321 $ 533,192 Construction in progress ¥ 11,779,784 ¥ 21,524,994 $ 3,134,647

LAND USE RIGHTS (Tables)

LAND USE RIGHTS (Tables)	12 Months Ended
	Jun. 30, 2019
LAND USE RIGHTS
Schedule of Land use rights consisted	Land use rights consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Land use rights ¥ 1,361,969 ¥ 1,361,969 $ 198,341 Less: accumulated amortization (26,843) (54,082) (7,876) Land use rights, net ¥ 1,335,126 ¥ 1,307,887 $ 190,465
Schedule of estimated future amortization expenses	The estimated future amortization expenses are as follows: Twelve months ending June 30, RMB U.S. Dollars 2020 ¥ 27,239 $ 3,967 2021 27,239 3,967 2022 27,239 3,967 2023 27,239 3,967 2024 27,239 3,967 Thereafter 1,171,692 170,630 Total ¥ 1,307,887 $ 190,465

INVESTMENT IN UNCONSOLIDATED _2

INVESTMENT IN UNCONSOLIDATED ENTITY (Tables)	12 Months Ended
	Jun. 30, 2019
INVESTMENT IN UNCONSOLIDATED ENTITY
Schedule of investment in unconsolidated entity	Investment in unconsolidated entity consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Future Gas Station (Beijing) Technology, Ltd ¥ 4,037,736 ¥ 35,116,707 $ 5,113,984 Impairment for long-term investment (4,037,736) (4,037,736) (588,008) Total ¥ — ¥ 31,078,971 $ 4,525,976

OTHER PAYABLES (Tables)

OTHER PAYABLES (Tables)	12 Months Ended
	Jun. 30, 2019
OTHER PAYABLES
Schedule Of Other Payables Third Party	Other payables consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Third Party RMB RMB U.S. Dollars Service ¥ 1,356,676 ¥ 1,341,617 $ 195,378 Distributors and employees 90,130 219,095 31,906 Funds collected on behalf of others 895,022 — — Advances from customers 157,856 120,000 17,475 Accrued expenses 411,898 393,274 57,272 Others 344,228 292,424 42,586 Total ¥ 3,255,810 ¥ 2,366,410 $ 344,617
Schedule Of Other Payables Related Party	June 30, June 30, June 30, 2018 2019 2019 Related Party RMB RMB U.S. Dollars Expenses paid by the major shareholders ¥ 2,767,349 ¥ 2,029,908 $ 295,612 Due to family member of the owner of BHD 193,143 — — Due to management staff for costs incurred on behalf of the Company 250,965 260,965 38,004 Total ¥ 3,211,457 ¥ 2,290,873 $ 333,616

TAXES PAYABLE (Tables)

TAXES PAYABLE (Tables)	12 Months Ended
	Jun. 30, 2019
TAXES PAYABLE
Taxes Payable	Taxes payable consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars VAT payable ¥ 382,361 ¥ 1,732,736 $ 252,335 Income tax payable 43,556 440,031 64,081 Other taxes payable 5,996 8,080 1,176 Total taxes payable ¥ 431,913 ¥ 2,180,847 $ 317,592

SHORT-TERM BANK LOAN (Tables)

SHORT-TERM BANK LOAN (Tables)	12 Months Ended
	Jun. 30, 2019
Short-term Bank Loan [Abstract]
Schedule of Short-term Bank Loan [Table Text Block]	Short-term bank loan consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Bank of Nanjing, 5.655% annual interest, due on June 11, 2020 ¥ — ¥ 2,500,000 $ 364,071 Total short-term bank loan ¥ — ¥ 2,500,000 $ 364,071

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Jun. 30, 2019
Short-term Debt [Line Items]
Schedule of short-term borrowings	Short-term borrowings due to third party consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Short-term borrowings due to third party: RMB RMB U.S. Dollars Short-term borrowing, 10% annual interest, due on September 8, 2019 ¥ — ¥ 1,081,096 $ 157,438 Total short-term borrowings due to third party ¥ — ¥ 1,081,096 $ 157,438
Related Party [Member]
Short-term Debt [Line Items]
Schedule of short-term borrowings	Short-term borrowings due to related party consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Short-term borrowings due to related party: RMB RMB U.S. Dollars Short-term borrowing from a Founder, 5.65% annual interest, due on December 15, 2018 * ¥ 5,011,782 ¥ — $ — Short-term borrowing from a Founder, 5.65% annual interest, due on March 31, 2019* 4,006,283 — — Short-term borrowing from a Founder, 5.65% annual interest, due on December 19, 2019 — 5,008,640 729,400 Short-term borrowing from a Founder, 5.65% annual interest, due on March 27, 2020 — 4,001,885 582,787 Total short-term borrowings due to related party ¥ 9,018,065 ¥ 9,010,525 $ 1,312,187

LONG-TERM BORROWINGS DUE TO R_2

LONG-TERM BORROWINGS DUE TO RELATED PARTY (Tables)	12 Months Ended
	Jun. 30, 2019
LONG-TERM BORROWINGS DUE TO RELATED PARTY
Schedule of Long-term borrowings due to related party	Long-term borrowings due to related party consisted of the following: June 30, June 30, June 30, 2018 2019 2019 Long-term borrowings due to related party: RMB RMB U.S. Dollars Long-term borrowing from a Founder, monthly payments of ¥126,135 inclusive of interest at 8.90%, ten years loan, due in November 2027. ¥ 9,663,729 ¥ 8,977,001 ¥ 1,307,305 Less: current portion (719,895) (780,797) (113,706) Total long-term borrowings due to related party ¥ 8,943,834 ¥ 8,196,204 $ 1,193,599 No long-term borrowings due to related party were guaranteed or collateralized at June 30, 2018 and 2019.
Schedule of future maturities of long-term borrowings due to related party	The future maturities of long-term borrowings due to related party at June 30, 2019 are as follows: Twelve months ending June 30, RMB U.S. Dollars 2020 ¥ 780,797 $ 113,706 2021 816,952 118,971 2022 892,701 130,002 2023 975,474 142,057 2024 1,065,921 155,228 Thereafter 4,445,156 647,341 Total ¥ 8,977,001 $ 1,307,305

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Jun. 30, 2019
STOCK-BASED COMPENSATION
Schedule of stock options activity	The following is a summary of the stock options activity: Weighted Average Exercise Price Stock Options Shares Per Share Outstanding as of June 30, 2017 815,600 $ 3.04 Granted — — Forfeited — — Exercised — — Outstanding as of June 30, 2018 815,600 $ 3.04 Granted — — Forfeited — — Exercised — — Outstanding as of June 30, 2019 815,600 $ 3.04
Schedule of options outstanding and exercisable	Weighted Average Exercise Price Stock Options Shares Per Share Outstanding as of June 30, 2017 815,600 $ 3.04 Granted — — Forfeited — — Exercised — — Outstanding as of June 30, 2018 815,600 $ 3.04 Granted — — Forfeited — — Exercised — — Outstanding as of June 30, 2019 815,600 $ 3.04 The following is a summary of the status of options outstanding and exercisable at June 30, 2019: 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 0.08 $ 6.00 193,000 0.08 $ 2.96 222,600 2.74 $ 2.96 222,600 2.74 $ 1.65 400,000 5.59 $ 1.65 400,000 5.59 815,600
Schedule of restricted shares granted	Following is a summary of the restricted shares granted: Restricted stock grants Shares Non-vested as of June 30, 2017 4,925,667 Granted 900,000 Vested (1,783,667) Non-vested as of June 30, 2018 4,042,000 Granted 1,981,000 Vested (1,914,778) Non-vested as of June 30, 2019 4,108,222
Schedule of Outstanding Restricted Shares	Restricted stock grants Shares Non-vested as of June 30, 2017 4,925,667 Granted 900,000 Vested (1,783,667) Non-vested as of June 30, 2018 4,042,000 Granted 1,981,000 Vested (1,914,778) Non-vested as of June 30, 2019 4,108,222 The following is a summary of the status of restricted stock at June 30, 2019: Outstanding Restricted Shares Average Remaining Fair Value per Amortization Share Number Period (Years) $ 1.10 298,333 0.07 $ 1.02 600,000 1.29 $ 1.29 1,956,000 2.15 $ 1.35 1,250,000 0.25 $ 1.28 3,889 0.16 4,108,222

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Jun. 30, 2019
INCOME TAX
Schedule of income (loss) before provision for income taxes	Income (loss) before provision for income taxes consisted of: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Outside China areas ¥ (21,599,806) ¥ (28,447,953) ¥ (4,142,826) China (23,759,198) 3,064,024 446,208 Total ¥ (45,359,004) ¥ (25,383,929) $ (3,696,618)
Schedule of deferred tax asset, net	Deferred tax asset, net is composed of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Allowance for doubtful receivables ¥ 703,545 ¥ 832,515 ¥ 121,238 Impairment loss from investment in unconsolidated entity 605,660 605,660 88,201 Net operating loss carryforwards 6,911,270 7,456,198 1,085,833 Less: Valuation allowance (8,220,475) (8,894,373) (1,295,272) Deferred income tax assets, net ¥ — ¥ — $ —
Schedule of reconciliation of income tax expense	Following is a reconciliation of income tax expense at the effective rate to income tax at the calculated statutory rates: For the years ended June 30, 2017 2018 2019 2019 RMB RMB RMB U.S. Dollars Income tax benefits calculated at PRC statutory rates ¥ (580,551) ¥ (5,679,505) ¥ (6,318,111) $ (920,095) Nondeductible expenses and others 93,709 (65,427) (56,127) (8,174) Favorable tax rate impact 232,221 2,009,486 6,378,169 928,842 Benefit of revenue exempted from enterprise income tax (19,919) (55,748) (279,352) (40,682) Change in valuation allowances 602,583 3,869,157 673,898 98,139 Tax refund (20,143) (61,733) — — Provision for income tax ¥ 307,900 ¥ 16,230 ¥ 398,477 $ 58,030
Schedule of company's income tax expense	The Company’s income tax expense is composed of the following: For the years ended June 30, 2017 2018 2019 2019 RMB RMB RMB U.S. Dollars Current income tax provision ¥ 307,900 ¥ 16,230 ¥ 398,477 $ 58,030 Deferred income tax provision — — — — Expense for income tax ¥ 307,900 ¥ 16,230 ¥ 398,477 $ 58,030

NON-CONTROLLING INTEREST (Table

NON-CONTROLLING INTEREST (Tables)	12 Months Ended
	Jun. 30, 2019
NON-CONTROLLING INTEREST
Schedule of non-controlling interest	Non-controlling interest consisted of the following: As of June 30, 2018 Nanjing Gan Su Qinghai BHD Recon BHD BHD Total Total RMB RMB RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 3,500,000 ¥ 200,000 ¥ 5,551,000 $ 838,544 Unappropriated retained earnings 3,152,687 3,491,859 (548,899) (754,014) 5,341,633 806,918 Accumulated other comprehensive loss (18,850) (11,853) — — (30,703) (4,638) Total non-controlling interests ¥ 4,784,837 ¥ 3,680,006 ¥ 2,951,101 ¥ (554,014) ¥ 10,861,930 $ 1,640,824 As of June 30, 2019 Nanjing Gan Su Qinghai BHD Recon BHD BHD Total Total RMB RMB RMB RMB RMB U.S. Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 4,350,000 ¥ — ¥ 6,201,000 $ 903,040 Unappropriated retained earnings 3,477,493 3,616,002 (1,351,699) (826,664) 4,915,132 715,783 Accumulated other comprehensive loss (18,850) (11,853) — — (30,703) (4,471) Total non-controlling interests ¥ 5,109,643 ¥ 3,804,149 ¥ 2,998,301 ¥ (826,664) ¥ 11,085,429 $ 1,614,352

COMMITMENTS AND CONTINGENCY (Ta

COMMITMENTS AND CONTINGENCY (Tables)	12 Months Ended
	Jun. 30, 2019
COMMITMENTS AND CONTINGENCY
Schedule of future payments under leases	The Company entered into six non-cancellable operating lease agreements for office spaces and factories. Future payments under such leases are as follows as of June 30, 2019: Twelve months ending June 30, RMB U.S. Dollars 2020 ¥ 1,875,092 $ 273,066 Total ¥ 1,875,092 $ 273,066
Schedule of total future minimum purchase commitment	The total future minimum purchase commitment under the non-cancellable purchase contracts as of June 30, 2019 are payable as follows: Year ending June 30, Minimum purchase commitment 2019 ¥ 864,433 $ 125,886 Thereafter — — Total minimum payments required ¥ 864,433 $ 125,886

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	12 Months Ended
	Jun. 30, 2018
RELATED PARTY TRANSACTIONS AND BALANCES
Schedule of Sales to related party	Sales to related party – Sales to related party consisted of the following: For the years ended June 30, 2017 2018 2019 2019 RMB RMB RMB U.S. Dollars Urumqi Yikeli Automatic Control Equipment Co., Ltd.* ¥ — ¥ 577,009 ¥ 3,726,894 $ 542,741 Total revenues from related party ¥ — ¥ 577,009 ¥ 3,726,894 $ 542,741 Prepaid expenses - related parties - Prepaid expenses - related parties consisted of the following: June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Founders ¥ — ¥ 132,600 $ 19,311 Founders' family member — 85,000 12,378 Total prepaid expenses - related parties ¥ — ¥ 217,600 $ 31,689
Schedule of leases from related parties	The details of leases from related parties are as below: Monthly Rent Monthly Rent Lessee Lessor Rent Period RMB USD Nanjing Recon One of the Founders April 1, 2018 - March 31, 2020 ¥ 60,000 $ 8,738 BHD One of the Founders January 1, 2019 - December 31, 2019 22,500 3,277 BHD Founders' family member January 1, 2019 - December 31, 2019 47,500 6,917 Recon-BJ One of the Founders July 1, 2019 - June 30, 2020 10,000 1,456

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
	Jun. 30, 2019
VARIABLE INTEREST ENTITIES
Schedule of information regarding consolidated VIEs	Summary information regarding consolidated VIEs is as follows: June 30, 2018 June 30, 2019 June 30, 2019 RMB RMB U.S. Dollars ASSETS Current Assets Cash and cash equivalents ¥ 7,336,672 ¥ 444,763 $ 64,770 Notes receivable 3,995,962 3,073,680 447,615 Trade accounts receivable, net 24,254,007 71,945,194 10,477,252 Purchase advances, net 12,654,546 1,343,576 195,663 Other assets 14,281,461 16,578,876 2,414,353 Total current assets 62,522,648 93,386,089 13,599,653 　 　 Non-current assets 20,966,716 38,591,721 5,620,044 Total Assets ¥ 83,489,364 ¥ 131,977,810 $ 19,219,697 　 　 LIABILITIES 　 　 Trade accounts payable ¥ 8,754,347 ¥ 14,089,293 $ 2,051,799 Taxes payable 278,184 2,027,076 295,200 Other liabilities 14,730,356 23,514,531 3,424,380 Total current liabilities 23,762,887 39,630,900 5,771,379 　 　 Non-current liabilities 8,943,834 8,196,204 1,193,599 Total Liabilities ¥ 32,706,721 ¥ 47,827,104 $ 6,964,978

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Jun. 30, 2019
SEGMENT REPORTING
Schedule of segment reporting information	The following tables present summary information by segment for the years ended June 30, 2017, 2018 and 2019, respectively: For the year ended June 30, 2017 2018 2019 2019 RMB RMB RMB U.S. Dollars Automation product and software ¥ 22,399,066 ¥ 18,989,924 ¥ 63,577,177 $ 9,258,632 Equipment and accessories 26,658,094 63,960,425 23,951,132 3,487,961 Oilfield environmental protection 10,997,302 1,761,697 14,856,018 2,163,456 Total revenue ¥ 60,054,462 ¥ 84,712,046 ¥ 102,384,327 $ 14,910,049 All the Company’s revenue was generated from its business operation in China. For the year ended June 30, 2019 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 63,577,177 ¥ 23,951,132 ¥ 14,856,018 ¥ 102,384,327 Cost of revenue and related tax 49,356,155 15,039,628 8,123,180 72,518,963 Gross profit ¥ 14,221,022 ¥ 8,911,504 ¥ 6,732,838 ¥ 29,865,364 Depreciation and amortization ¥ 78,760 ¥ 1,018,012 ¥ 27,239 ¥ 1,124,011 Total capital expenditures ¥ 162,060 ¥ 1,573,896 ¥ 4,606,823 ¥ 6,342,779 For the year ended June 30, 2018 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 18,989,924 ¥ 63,960,425 ¥ 1,761,697 ¥ 84,712,046 Cost of revenue and related tax 17,036,393 62,115,400 1,410,068 80,561,861 Gross profit ¥ 1,953,531 ¥ 1,845,025 ¥ 351,629 ¥ 4,150,185 Depreciation and amortization ¥ 48,127 ¥ 1,044,079 ¥ 26,843 ¥ 1,119,049 Total capital expenditures ¥ 100,327 ¥ 1,403,083 ¥ 10,519,072 ¥ 12,022,482 For the years ended June 30, 2017 Automation Equipment Oilfield product and and environmental software accessories protection Total RMB RMB RMB RMB Revenue ¥ 22,399,066 ¥ 26,658,094 ¥ 10,997,302 ¥ 60,054,462 Cost of revenue and related tax 12,593,429 22,023,851 9,473,680 44,090,960 Gross profit ¥ 9,805,637 ¥ 4,634,243 ¥ 1,523,622 ¥ 15,963,502 Depreciation and amortization ¥ 39,846 ¥ 816,889 ¥ — ¥ 856,735 Total capital expenditures ¥ 75,809 ¥ 562,310 ¥ — ¥ 638,119 June 30, June 30, June 30, 2018 2019 2019 RMB RMB U.S. Dollars Total assets: Automation product and software ¥ 53,284,643 ¥ 71,337,589 $ 10,388,771 Equipment and accessories 40,365,472 50,800,483 7,397,984 Oilfield environmental protection 28,157,402 34,843,482 5,074,195 Total Assets ¥ 121,807,517 ¥ 156,981,554 $ 22,860,950

ORGANIZATION AND NATURE OF OP_2

ORGANIZATION AND NATURE OF OPERATIONS (Details)	1 Months Ended	12 Months Ended
	Oct. 23, 2018	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)
Variable Interest Entity, Terms of Arrangements		the Company is able to absorb 90% of net interest or 100% of net loss of those VIEs.
Beijing Bhd Petroleum Technology Co Ltd [Member]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage		51.00%
Paid In Capital | $		$ 200,000
Remaining Paid In Capital		4,849,420	¥ 33,300,000
Gan Su BHD Environmental Technology Co., Ltd [Member]
Capital			50,000,000
Paid In Capital		$ 2,887,808	19,830,000
Qing Hai BHD New Energy Technology Co Ltd [Member]
Capital			50,000,000
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	55.00%	75.00%
Paid In Capital		$ 611,639	4,200,000
Equity Method Investment, Ownership Percentage	10.00%
Individuals [Member]
Remaining Paid In Capital		$ 1,820,353	¥ 12,500,000

LIQUIDITY (Details)

LIQUIDITY (Details) ¥ in Thousands	Sep. 15, 2019USD ($)	Sep. 15, 2019CNY (¥)	Aug. 31, 2019item
LIQUIDITY
Proceeds from Sale and Collection of Receivables	$ 3,280,000	¥ 22,320
Number Of Shareholders in Commitment			2
Years Of Commitments Letter			3 years

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)	Aug. 21, 2018
Accounting Policies [Line Items]
Foreign Currency Transactions, Description	The translation has been made at the rate of ¥6.8668 = US$1.00, the approximate exchange rate prevailing on June 30, 2019.	The translation has been made at the rate of ¥6.8668 = US$1.00, the approximate exchange rate prevailing on June 30, 2019.
Selling and Marketing Expense	$ 1,321,761	¥ 9,076,266		¥ 8,013,353	¥ 4,458,218
Cost-method Investments, Other than Temporary Impairment			$ 580,000	4,037,736	0
Deferred Revenue And Advances From Customer Balances	$ 17,912	¥ 122,996
Use Rights [Member]
Accounting Policies [Line Items]
Finite-Lived Intangible Asset, Useful Life	50 years	50 years
Shipping and Handling [Member]
Accounting Policies [Line Items]
Selling and Marketing Expense	$ 109,180	¥ 749,719		¥ 1,170,358	¥ 752,656
Minimum [Member]
Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage	20.00%	20.00%				8.00%
Maximum [Member]
Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage			50.00%	50.00%		43.00%
Motor vehicles [Member] | Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years	5 years
Motor vehicles [Member] | Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years	10 years
Office Equipment [Member] | Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	2 years	2 years
Office Equipment [Member] | Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years	5 years
Leasehold Improvements [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	shorter of the lease term or the estimated useful life	shorter of the lease term or the estimated useful life
Production equipment [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years	10 years

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES - Changes to opening balances of current assets resulting from adoption of new guidance (Details)	12 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jul. 01, 2018USD ($)	Jul. 01, 2018CNY (¥)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Inventories		¥ 6,758,841		$ 185,024	¥ 1,270,523
Other receivables		5,360,953		825,070	5,665,593
Purchase advances		12,654,546		195,663	1,343,576
Contract assets		0		674,833	4,633,940
Total current assets		100,834,569		$ 14,245,978	¥ 97,824,268
Cost-method Investments, Other than Temporary Impairment	$ 580,000	4,037,736	¥ 0
Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets						$ 2,057,968	¥ 14,131,653
Total current assets						$ 2,057,968	¥ 14,131,653
June 30, 2018 | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Inventories		7,972,115
Other receivables		824,709
Purchase advances		5,334,829
Total current assets		14,131,653
Impact of Adoption | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Inventories		(7,972,115)
Other receivables		(824,709)
Purchase advances		(5,334,829)
Contract assets		¥ 14,131,653

TRADE ACCOUNTS RECEIVABLE, NE_2

TRADE ACCOUNTS RECEIVABLE, NET - Summary of Accounts receivable (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Third Party
Total - third-party, net	$ 9,980,673	¥ 68,535,282	¥ 24,254,007
Related Party
Total - related-parties, net	496,579	3,409,912	0
Third Party [Member]
Third Party
Trade accounts receivable	10,511,536	72,180,616	27,319,241
Allowance for doubtful accounts	(530,863)	(3,645,334)	(3,065,234)
Urumqi Yikeli Automatic Control Equipment Co., Ltd [Member]
Related Party
Total - related-parties, net	$ 496,579	¥ 3,409,912	¥ 0

TRADE ACCOUNTS RECEIVABLE, NE_3

TRADE ACCOUNTS RECEIVABLE, NET - Summary of Movement of allowance for doubtful accounts (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge to expense	$ 88,945	¥ 610,776	¥ (841,242)	¥ 1,766,286
Third Party [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	473,642	3,252,405	4,265,505
Charge to expense	57,221	392,929		1,137,238
Charge to reversal			(1,013,100)
Ending balance	$ 530,863	¥ 3,645,334	¥ 3,252,405	¥ 4,265,505

TRADE ACCOUNTS RECEIVABLE, NE_4

TRADE ACCOUNTS RECEIVABLE, NET - Additional Information (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Doubtful Accounts	$ 88,945	¥ 610,776	¥ (841,242)	¥ 1,766,286
Third Party [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Doubtful Accounts	$ 57,221	¥ 392,929		¥ 1,137,238
Charge to reversal			¥ 1,013,100

NOTES RECEIVABLE (Details)

NOTES RECEIVABLE (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
NOTES RECEIVABLE
Notes, Loans and Financing Receivable, Net, Current	$ 447,615	¥ 3,073,680	¥ 3,995,962

OTHER RECEIVABLES, NET - Summar

OTHER RECEIVABLES, NET - Summary of Other receivables (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Current Portion
Other Receivables	$ 1,102,017	¥ 7,567,332		¥ 6,262,883
Less: Long term portion	(64,079)	(440,015)		0
Total	825,070	5,665,593		5,360,953
Third Party [Member]
Current Portion
Business advances to officers and staffs	147,663	1,013,971		1,787,866
Deposits for projects	204,009	1,400,892		1,645,620
VAT recoverable	553,905	3,803,556		1,438,949
Others	196,440	1,348,913		1,390,448
Allowance for doubtful accounts	(212,868)	(1,461,724)	$ (131,346)	(901,930)	¥ (1,505,419)
Total	$ 825,070	¥ 5,665,593		¥ 5,360,953

OTHER RECEIVABLES, NET - Summ_2

OTHER RECEIVABLES, NET - Summary of Movement of allowance for doubtful accounts (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Other Receivables [Line Items]
Charge to expense	$ (37,829)	¥ 259,766	¥ 109,302	¥ 247,612
Third Party [Member]
Other Receivables [Line Items]
Beginning balance	131,346	901,930	1,505,419
Charge to expense	37,829	259,766	109,302
Add: reversal of (less: write-off) bad debt allowance	43,693	300,028	(712,791)
Ending balance	$ 212,868	¥ 1,461,724	¥ 901,930	¥ 1,505,419

OTHER RECEIVABLES, NET - Additi

OTHER RECEIVABLES, NET - Additional Information (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
OTHER RECEIVABLES, NET
Provision for Other Credit Losses	$ (37,829)	¥ 259,766	¥ 109,302	¥ 247,612

LOANS TO THIRD PARTIES (Details

LOANS TO THIRD PARTIES (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
LOANS TO THIRD PARTIES
Working fund to third party companies	$ 722,316	¥ 4,960,000	¥ 1,960,000
Allowance for doubtful accounts	0	0	0
Total Loans to third parties	$ 722,316	¥ 4,960,000	¥ 1,960,000

LOANS TO THIRD PARTIES - Additi

LOANS TO THIRD PARTIES - Additional Information (Details) - 12 months ended Jun. 30, 2019	USD ($)	CNY (¥)
LOANS TO THIRD PARTIES
Proceeds from Collection of Loans Receivable	$ 617,000	¥ 4,197,320

PURCHASE ADVANCES, NET (Details

PURCHASE ADVANCES, NET (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Purchase Advances [Line Items]
Total	$ 195,663	¥ 1,343,576	¥ 12,654,546
Third Party [Member]
Purchase Advances [Line Items]
Capitalized pre-contract costs	0	0	1,508,491
Capitalized contract costs	0	0	4,221,942
Prepayment for others	231,852	1,592,076	7,376,745
Allowance for doubtful accounts	(36,189)	(248,500)	(452,632)
Total	$ 195,663	¥ 1,343,576	¥ 12,654,546

PURCHASE ADVANCES, NET - Moveme

PURCHASE ADVANCES, NET - Movement of allowance for doubtful accounts (Details) - Third Party [Member]	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Beginning balance	$ 65,916	¥ 452,632	¥ 401,790
Charge to (reversal of) expense	(6,105)	(41,919)	62,556
Less: write-off	(23,622)	(162,212)	(11,714)
Ending balance	$ 36,189	¥ 248,500	¥ 452,632

PURCHASE ADVANCES, NET - Additi

PURCHASE ADVANCES, NET - Additional Information (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
PURCHASE ADVANCES, NET
Provision For Advances on Purchases	$ 6,105	¥ 41,919	¥ 62,556	¥ 381,436

INVENTORIES, NET - Inventories

INVENTORIES, NET - Inventories (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
INVENTORIES, NET
Small component parts	$ 8,310	¥ 57,060		¥ 55,726
Purchased goods and raw materials	33,038	226,868		59,328
Work in process and goods on site	77,754	533,924		5,155,215
Finished goods	65,922	452,671		2,888,096
Allowance for slow moving inventory	0	0	$ (203,810)	(1,399,524)	¥ (4,024,663)
Total inventories, net	$ 185,024	¥ 1,270,523		¥ 6,758,841

INVENTORIES, NET - Movement of

INVENTORIES, NET - Movement of allowance for slow-moving inventories (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
INVENTORIES, NET
Beginning balance	$ 203,810	¥ 1,399,524	¥ 4,024,663
Charge to cost of sales	9,521	65,380	65,245
Less: Selling of slow-moving items	(213,331)	(1,464,904)	(2,690,384)
Ending balance	$ 0	¥ 0	¥ 1,399,524

INVENTORIES, NET - Additional I

INVENTORIES, NET - Additional Information (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
INVENTORIES, NET
Provision For Inventories	$ 9,521	¥ 65,380	¥ 65,245	¥ 0

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,289,395	¥ 8,854,015	¥ 7,305,570
Less: Accumulated depreciation	(756,203)	(5,192,694)	(4,134,461)
Property and equipment, net	533,192	3,661,321	3,171,109
Construction in progress	3,134,647	21,524,994	11,779,784
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	716,951	4,923,152	4,456,156
Office equipment and fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	196,632	1,350,235	1,239,914
Production equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 375,812	¥ 2,580,628	¥ 1,609,500

PROPERTY AND EQUIPMENT, NET - A

PROPERTY AND EQUIPMENT, NET - Additional Information (Details)	Aug. 04, 2017USD ($)	Aug. 04, 2017CNY (¥)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)	Jun. 30, 2019CNY (¥)
PROPERTY AND EQUIPMENT, NET
Payments To Acquire Land Use Right	$ 198,341	¥ 1,361,969			¥ 1,361,969	¥ 0
Construction in Progress, Gross			$ 3,134,647		11,779,784		¥ 21,524,994
Depreciation, Depletion and Amortization, Nonproduction			163,688	¥ 1,124,011	1,119,049	856,735
Depreciation			$ 169,046	1,096,772	1,092,206	856,735
Gain (Loss) on Disposition of Property Plant Equipment				¥ 0	¥ 78,285	¥ 35,919

LAND USE RIGHTS (Details)

LAND USE RIGHTS (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
LAND USE RIGHTS
Land use rights	$ 198,341	¥ 1,361,969	¥ 1,361,969
Less: accumulated amortization	(7,876)	(54,082)	(26,843)
Land use rights, net	$ 190,465	¥ 1,307,887	¥ 1,335,126

LAND USE RIGHTS - Estimated fut

LAND USE RIGHTS - Estimated future amortization expenses (Details) - Jun. 30, 2019 - Use Rights [Member]	USD ($)	CNY (¥)
Finite-Lived Intangible Assets [Line Items]
2020	$ 3,967	¥ 27,239
2021	3,967	27,239
2022	3,967	27,239
2023	3,967	27,239
2024	3,967	27,239
Thereafter	170,630	1,171,692
Total	$ 190,465	¥ 1,307,887

LAND USE RIGHTS - Additional In

LAND USE RIGHTS - Additional Information (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Use Rights [Member]
Amortization of Intangible Assets	$ 3,967	¥ 27,239	¥ 0	¥ 0

INVESTMENT IN UNCONSOLIDATED _3

INVESTMENT IN UNCONSOLIDATED ENTITY (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2019CNY (¥)
Investments in and Advances to Affiliates [Line Items]
Impairment for long-term investment	$ 588,008	¥ 4,037,736	¥ 4,037,736
Total	4,525,976		0	¥ 31,078,971
Future Gas Station Beijing Technology Ltd [Member]
Investments in and Advances to Affiliates [Line Items]
Total	$ 5,113,984		¥ 4,037,736	¥ 35,116,707

INVESTMENT IN UNCONSOLIDATED _4

INVESTMENT IN UNCONSOLIDATED ENTITY - Additional Information (Details)	1 Months Ended	12 Months Ended
	Aug. 21, 2018CNY (¥)shares	Jun. 30, 2019USD ($)shares	Jun. 30, 2019CNY (¥)shares	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)	Jun. 30, 2019CNY (¥)	Dec. 15, 2017
Payments to Acquire Businesses and Interest in Affiliates		$ 612,378	¥ 4,205,080		¥ 4,037,736	¥ 0
Cost-method Investments, Other than Temporary Impairment				$ 580,000	4,037,736	0
Cost Method Investment Ownership Percentage	43.00%	43.00%					43.00%
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures | shares	2,435,284	858,667	858,667
Payments to Acquire Equity Method Investments | ¥			¥ 8,000,000
Income (Loss) from Equity Method Investments		$ (139,789)	(959,905)		0	¥ 0
Investment Payable		932,021			¥ 0		¥ 6,400,000
Future Gas Station Beijing Technology Ltd [Member]
Payments to Acquire Businesses and Interest in Affiliates		$ 5,113,984	¥ 35,116,707
Payments to Acquire Additional Interest in Subsidiaries | ¥	¥ 10,000,000
Cost Method Investment Ownership Percentage								8.00%
Cost Method Investments, Additional Information	As consideration for increasing its affiliates' interest in FGS from 8% to 43%, the Company will (1) pay a total of RMB 10 million in cash to FGS and (2) issue 2,435,284 restricted ordinary shares of the Company (the "Restricted Shares") to the other shareholders of FGS within 30 days after FGS finalizes recording the Company's corresponding interest at the local governmental agency.
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures | shares	2,435,284
Minimum [Member]
Equity Method Investment, Ownership Percentage	8.00%	20.00%					20.00%
Maximum [Member]
Equity Method Investment, Ownership Percentage	43.00%				50.00%

OTHER PAYABLES - Third Party (D

OTHER PAYABLES - Third Party (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Other Payables [Line Items]
Total	$ 344,617	¥ 2,366,410	¥ 3,255,810
Third Party [Member]
Other Payables [Line Items]
Service	195,378	1,341,617	1,356,676
Distributors and employees	31,906	219,095	90,130
Funds collected on behalf of others			895,022
Advances from customers	17,475	120,000	157,856
Accrued expenses	57,272	393,274	411,898
Others	42,586	292,424	344,228
Total	$ 344,617	¥ 2,366,410	¥ 3,255,810

OTHER PAYABLES - Related Party

OTHER PAYABLES - Related Party (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)
Other Payables [Line Items]
Total	$ 344,617	¥ 2,366,410		¥ 3,255,810
Related Party [Member]
Other Payables [Line Items]
Expenses paid by the major shareholders		2,029,908	$ 295,612	2,767,349
Due to family member of the owner of BHD				193,143
Due to management staff for costs incurred on behalf of the Company		260,965	38,004	250,965
Total		¥ 2,290,873	$ 333,616	¥ 3,211,457

TAXES PAYABLE (Details)

TAXES PAYABLE (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
TAXES PAYABLE
VAT payable	$ 252,335	¥ 1,732,736	¥ 382,361
Income tax payable	64,081	440,031	43,556
Other taxes payable	1,176	8,080	5,996
Total taxes payable	$ 317,592	¥ 2,180,847	¥ 431,913

SHORT-TERM BANK LOAN (Details)

SHORT-TERM BANK LOAN (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Short-term Debt [Line Items]
Short-term Bank Loans and Notes Payable	$ 364,071		¥ 2,500,000	¥ 0
Interest Expense on Bank Loan	(400)	¥ 2,749
Bank of Nanjing, 5.655 Interest Due on June 11, 2020 [Member]
Short-term Debt [Line Items]
Short-term Bank Loans and Notes Payable	$ 364,071		¥ 2,500,000

SHORT-TERM BORROWINGS - Due to

SHORT-TERM BORROWINGS - Due to third party (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Short-term Debt [Line Items]
Short-term borrowings	$ 157,438	¥ 1,081,096	¥ 0
Interest 10.00 Percent and Due on September 8, 2019 [Member]
Short-term Debt [Line Items]
Short-term borrowings	$ 157,438	¥ 1,081,096	¥ 0

SHORT-TERM BORROWINGS - Due t_2

SHORT-TERM BORROWINGS - Due to related party (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018CNY (¥)	Jun. 30, 2019CNY (¥)
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 1,312,187	¥ 9,018,065	¥ 9,010,525
Short Term Borrowings One [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 0	¥ 5,011,782	0
Debt Instrument, Maturity Date	Dec. 15, 2018
Debt Instrument, Interest Rate Percentage		5.65%
Short Term Borrowings Two [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 0	¥ 4,006,283	0
Debt Instrument, Maturity Date	Mar. 31, 2019
Debt Instrument, Interest Rate Percentage		5.65%
Short Term Borrowings Three [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 729,400	¥ 0	5,008,640
Debt Instrument, Maturity Date	Dec. 19, 2019
Debt Instrument, Interest Rate Percentage	5.65%
Short Term Borrowings Four [Member]
Short-term Debt [Line Items]
Total short-term borrowings due to related parties	$ 582,787	¥ 0	¥ 4,001,885
Debt Instrument, Maturity Date	Mar. 27, 2020
Debt Instrument, Interest Rate Percentage	5.65%

SHORT-TERM BORROWINGS - Additio

SHORT-TERM BORROWINGS - Additional Information (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Short-term Debt [Line Items]
Interest expense due to third party	$ 11,810	¥ 81,096	¥ 0	¥ 0
Short Term Borrowings [Member]
Short-term Debt [Line Items]
Interest expense due to related party	$ 74,048	¥ 508,474	¥ 325,185	¥ 548,878

LONG-TERM BORROWINGS DUE TO R_3

LONG-TERM BORROWINGS DUE TO RELATED PARTY - Due to related party (Details) - Related Party [Member]	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Long-term borrowing from a Founder, monthly payments of 126,135 inclusive of interest at 8.90%, ten years loan, due in November 2027.	$ 1,307,305	¥ 8,977,001	¥ 9,663,729
Less: current portion	(113,706)	(780,797)	(719,895)
Total long-term borrowings due to related party	$ 1,193,599	¥ 8,196,204	¥ 8,943,834

LONG-TERM BORROWINGS DUE TO R_4

LONG-TERM BORROWINGS DUE TO RELATED PARTY - Parenthetical (Details) - Related Party [Member]	12 Months Ended
	Jun. 30, 2019CNY (¥)
Debt Instrument, Term	10 years
Long-term Borrowings [Member]
Debt Instrument, Periodic Payment	¥ 126,135
Debt Instrument, Interest Rate, Stated Percentage	8.90%

LONG-TERM BORROWINGS DUE TO R_5

LONG-TERM BORROWINGS DUE TO RELATED PARTY - Future maturities (Details) - Related Party [Member]	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
2020	$ 113,706	¥ 780,797
2021	118,971	816,952
2022	130,002	892,701
2023	142,057	975,474
2024	155,228	1,065,921
Thereafter	647,341	4,445,156
Total	$ 1,307,305	¥ 8,977,001	¥ 9,663,729

LONG-TERM BORROWINGS DUE TO R_6

LONG-TERM BORROWINGS DUE TO RELATED PARTY - Additional Information (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Long-term Borrowings [Member]
Interest Expense, Long-term Debt	$ 120,419	¥ 826,895	¥ 546,676	¥ 0

ORDINARY SHARES (Details)

ORDINARY SHARES (Details)	Nov. 11, 2017USD ($)$ / sharesshares	Nov. 11, 2017CNY (¥)shares	Aug. 21, 2018CNY (¥)shares	Jan. 22, 2018USD ($)$ / sharesshares	Jan. 19, 2018shares	Nov. 20, 2017USD ($)$ / sharesshares	Jul. 27, 2016USD ($)shares	Oct. 18, 2015shares	Jun. 30, 2019USD ($)shares	Jun. 30, 2018USD ($)shares	Jun. 30, 2018CNY (¥)shares	Jun. 30, 2017CNY (¥)	Jun. 30, 2019CNY (¥)	Sep. 21, 2018$ / shares	Dec. 15, 2017
Equity [Line Items]
Proceeds from Issuance of Common Stock | ¥											¥ 65,004,531	¥ 0
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									$ 604,201		¥ 4,148,929		¥ 4,148,929
Stock Issued During Period, Shares, Issued for Services	221,268	221,268
Stock Issued During Period, Value, Issued for Services	$ 226,085	¥ 1,554,908								$ 226,439	¥ 1,554,908
Shares Issued, Price Per Share | $ / shares	$ 1.06
Cost Method Investment Ownership Percentage			43.00%						43.00%				43.00%
Shares Issued, Price Per Share | $ / shares	$ 1.06
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures			2,435,284						858,667
Xinhaixin International Holdings Limited [Member]
Equity [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross					3,000,000
Restricted Stock [Member]
Equity [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross								800,000
Stock Issued During Period, Shares, Issued for Services							876,000
Stock Issued During Period, Value, Issued for Services | $							$ 963,600
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures										1,563,667	1,563,667
Board of Directors Chairman [Member]
Equity [Line Items]
Number of Unregistered Restricted Shares to be Issued						3,000,000
Gross Value of Unregistered Restricted Shares to be Received | $						$ 4,800,000
Net Value of Unregistered Restricted Shares to be Received | $						4,500,000
Board of Directors Chairman [Member] | Restricted Stock [Member]
Equity [Line Items]
Proceeds from Issuance or Sale of Equity | $						$ 2,400,000
Share Price | $ / shares						$ 1.60
Securities Purchase Agreement [Member]
Equity [Line Items]
Proceeds from Issuance of Common Stock | $				$ 5,300,000
Stock Issued During Period, Value, New Issues | $				$ 5,963,550
Share Price | $ / shares				$ 1.66
Number of Common Stock to be Issued				3,592,500
Minimum [Member]
Equity [Line Items]
Equity Method Investment, Ownership Percentage			8.00%						20.00%				20.00%
Maximum [Member]
Equity [Line Items]
Equity Method Investment, Ownership Percentage			43.00%								50.00%
Future Gas Station Beijing Technology Ltd [Member]
Equity [Line Items]
Shares Issued, Price Per Share | $ / shares														$ 1.2875
Payments to Acquire Additional Interest in Subsidiaries | ¥			¥ 10,000,000
Cost Method Investment Ownership Percentage															8.00%
Shares Issued, Price Per Share | $ / shares														$ 1.2875
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures			2,435,284

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - $ / shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
STOCK-BASED COMPENSATION
Stock Options, Shares, Outstanding at Beginning	815,600	815,600
Stock Options, Shares, Granted	0	0
Stock Options, Shares, Forfeited	0	0
Stock Option, Shares, Exercised	0	0
Stock Options, Shares, Outstanding at Ending	815,600	815,600
Stock Options, Weighted Average Exercise Price Per share, Outstanding at Beginning	$ 3.04	$ 3.04
Stock Options, Weighted Average Exercise Price Per share, Granted	0	0
Stock Options, Weighted Average Exercise Price Per share, Forfeited	0	0
Stock Options, Weighted Average Exercise Price Per share, Exercised	0	0
Stock Options, Weighted Average Exercise Price Per share, Outstanding at Ending	$ 3.04	$ 3.04

STOCK-BASED COMPENSATION - Opti

STOCK-BASED COMPENSATION - Option outstanding (Details)	12 Months Ended
	Jun. 30, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Options, Number (in shares)	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)	29 days
Exercisable Options, Average Exercise Price | $ / shares	$ 6
Exercisable Options, Number (in shares)	193,000
Exercisable Options, Average Remaining Contractual life (years)	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)	2 years 8 months 27 days
Exercisable Options, Average Exercise Price | $ / shares	$ 2.96
Exercisable Options, Number (in shares)	222,600
Exercisable Options, Average Remaining Contractual life (years)	2 years 8 months 27 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)	5 years 7 months 2 days
Exercisable Options, Average Exercise Price | $ / shares	$ 1.65
Exercisable Options, Number (in shares)	400,000
Exercisable Options, Average Remaining Contractual life (years)	5 years 7 months 2 days

STOCK-BASED COMPENSATION - Rest

STOCK-BASED COMPENSATION - Restricted shares (Details) - shares	Oct. 13, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - Shares		0	0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, Beginning Balance - Shares		4,042,000	4,925,667
Granted - Shares		1,981,000	900,000
Vested - Shares	(300,000)	(1,914,778)	(1,783,667)
Non-vested, Ending Balance - Shares		4,108,222	4,042,000

STOCK-BASED COMPENSATION - Stat

STOCK-BASED COMPENSATION - Status of restricted stock (Details) - Restricted Stock [Member]	12 Months Ended
	Jun. 30, 2019shares
Outstanding Restricted Shares, Number	4,108,222
Fair Value per Share 1.10 [Member]
Outstanding Restricted Shares, Number	298,333
Outstanding Restricted Shares, Average Remaining Amortization Period (Years)	26 days
Fair Value per Share 1.02 [Member]
Outstanding Restricted Shares, Number	600,000
Outstanding Restricted Shares, Average Remaining Amortization Period (Years)	1 year 3 months 15 days
Fair Value per Share 1.29 [Member]
Outstanding Restricted Shares, Number	1,956,000
Outstanding Restricted Shares, Average Remaining Amortization Period (Years)	2 years 1 month 24 days
Fair Value per Share 1.35 [Member]
Outstanding Restricted Shares, Number	1,250,000
Outstanding Restricted Shares, Average Remaining Amortization Period (Years)	3 months
Fair Value per Share 1.28 [Member]
Outstanding Restricted Shares, Number	3,889
Outstanding Restricted Shares, Average Remaining Amortization Period (Years)	1 month 28 days

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Details)	Oct. 13, 2018shares	Sep. 13, 2018shares	Nov. 11, 2017USD ($)shares	Nov. 11, 2017CNY (¥)shares	Oct. 13, 2017USD ($)$ / sharesshares	Apr. 05, 2017USD ($)$ / sharesshares	Dec. 09, 2016USD ($)$ / shares	Nov. 10, 2016USD ($)$ / sharesshares	Aug. 27, 2018USD ($)$ / sharesshares	Aug. 21, 2018USD ($)$ / sharesshares	Nov. 17, 2017shares	Jul. 27, 2017shares	Apr. 24, 2017USD ($)$ / sharesshares	Mar. 31, 2017USD ($)$ / sharesshares	Jan. 23, 2017shares	Oct. 27, 2016shares	Jul. 27, 2016USD ($)$ / sharesshares	Jul. 27, 2016USD ($)$ / sharesshares	Oct. 18, 2015USD ($)$ / sharesshares	Jan. 31, 2015¥ / shares$ / shares	Jan. 31, 2015USD ($)$ / sharesshares	Jun. 30, 2019USD ($)shares	Jun. 30, 2019CNY (¥)shares	Jun. 30, 2018USD ($)shares	Jun. 30, 2018CNY (¥)shares	Jun. 30, 2017CNY (¥)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross																						0	0	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period						1 year			1 year
Stock Issued During Period, Shares, Issued for Services			221,268	221,268
Stock Issued During Period, Value, Issued for Services			$ 226,085	¥ 1,554,908																				$ 226,439	¥ 1,554,908
Restricted Stock Closing Price | $ / shares							$ 1.35
Share-based Compensation																						$ 1,405,001	¥ 9,647,863		¥ 840,286	¥ 2,039,446
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $							$ 4,063,500
Shares, Outstanding																						858,667	858,667
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures										2,435,284												858,667	858,667
December 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period																						960,000	960,000	800,000	800,000
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																						1,981,000	1,981,000	900,000	900,000
Stock or Unit Option Plan Expense																						$ 3,100,164	¥ 21,288,204		¥ 14,621,838	12,904,723
Stock Issued During Period, Shares, Issued for Services																		876,000
Stock Issued During Period, Value, Issued for Services | $																		$ 963,600
Restricted Stock Closing Price | $ / shares																	$ 1.10	$ 1.10
Stock Issued During Period, Shares, Restricted Stock Award, Gross																			800,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number																						4,108,222	4,108,222
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	300,000																					1,914,778	1,914,778	1,783,667	1,783,667
Shares, Outstanding																								1,563,667	1,563,667
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures																								1,563,667	1,563,667
Restricted Stock [Member] | July 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period																	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period																250,000
Restricted Stock [Member] | July 2016 [Member] | Consulting firm [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
Restricted Stock Closing Price | $ / shares																	$ 1.10	$ 1.10
Restricted Stock [Member] | November 2016 [Member] | Independent Company [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period								3 months
Stock Issued During Period, Shares, Issued for Services								330,000
Stock Issued During Period, Value, Issued for Services | $								$ 300,993
Restricted Stock Closing Price | $ / shares								$ 0.9121
Restricted Stock [Member] | March 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period														2 years
Restricted Stock [Member] | March 2017 [Member] | Consulting firm [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Issued for Services		200,000									200,000			200,000
Stock Issued During Period, Value, Issued for Services | $														$ 256,020
Restricted Stock Closing Price | $ / shares														$ 1.2801
Restricted Stock [Member] | April 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period						300,000
Restricted Stock [Member] | April 2017 [Member] | Independent Company [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Issued for Services						300,000							500,000
Stock Issued During Period, Value, Issued for Services | $						$ 390,000							$ 555,050
Restricted Stock Closing Price | $ / shares						$ 1.30							$ 1.101
Restricted Stock [Member] | October 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Closing Price | $ / shares					$ 1.02
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $					$ 919,800
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period					900,000
Restricted Stock [Member] | August 2018 Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Closing Price | $ / shares										$ 1.29
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $										$ 2,523,240
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period									25,000													21,111	21,111
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period										1,956,000
Restricted Stock [Member] | August 2018 Member | Independent Company [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Issued for Services									25,000
Stock Issued During Period, Value, Issued for Services | $									$ 32,000
Restricted Stock Closing Price | $ / shares									$ 1.28
Restricted Stock For Services [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 month 28 days	1 month 28 days
Stock or Unit Option Plan Expense																						$ 123,170	¥ 845,781		¥ 3,050,896	8,399,240
Share-based Compensation																						$ 4,978,000,000	¥ 34,181,000,000
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																						1 year 11 months 19 days	1 year 11 months 19 days
Share-based Compensation																						$ 2,220,000	¥ 15,230,000
Management [Member] | Performance Shares [Member] | December 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period															3,010,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number																						1,250,000	1,250,000	1,250,000	1,250,000
Yin Shenping [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross																					150,000
Chen Guangqiang [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Granted, Value, Share-based Compensation, Net of Forfeitures | $																					$ 495,000
Restricted Stock Closing Price | $ / shares																				$ 1.65	$ 1.65
Stock Issued During Period, Shares, Restricted Stock Award, Gross																					150,000
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock or Unit Option Plan Expense | ¥																									¥ 840,286	¥ 2,039,446
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
Exercise price (per share) | $ / shares																				$ 1.65	$ 1.65
Share Based Compensation Arrangement By Share Based Payment Award Expiration Date																					Jan. 31, 2025
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
Share-based Compensation Award, Tranche One [Member] | Employees And Non Employee Director [Member] | Restricted Stock [Member] | October 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period																										19,000
Share-based Compensation Award, Tranche One [Member] | Employees [Member] | Restricted Stock [Member] | July 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number																								298,333	298,333
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period												596,667
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period																		19,000

INCOME TAX (Details)

INCOME TAX (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
INCOME TAX
Outside China areas	$ (4,142,826)	¥ (28,447,953)	¥ (21,599,806)
China	446,208	3,064,024	(23,759,198)
Loss before income tax	$ (3,696,618)	¥ (25,383,929)	¥ (45,359,004)	¥ (30,895,901)

INCOME TAX - Deferred tax asset

INCOME TAX - Deferred tax asset, net (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
INCOME TAX
Allowance for doubtful receivables	$ 121,238	¥ 832,515	¥ 703,545
Impairment loss from investment in unconsolidated entity	88,201	605,660	605,660
Net operating loss carryforwards	1,085,833	7,456,198	6,911,270
Less: Valuation allowance	(1,295,272)	(8,894,373)	(8,220,475)
Deferred income tax assets, net	$ 0	¥ 0	¥ 0

INCOME TAX - Reconciliation of

INCOME TAX - Reconciliation of income tax expense (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
INCOME TAX
Income tax benefits calculated at PRC statutory rates	$ (920,095)	¥ (6,318,111)	¥ (5,679,505)	¥ (580,551)
Nondeductible expenses and others	(8,174)	(56,127)	(65,427)	93,709
Favorable tax rate impact	928,842	6,378,169	2,009,486	232,221
Benefit of revenue exempted from enterprise income tax	(40,682)	(279,352)	(55,748)	(19,919)
Change in valuation allowances	98,139	673,898	3,869,157	602,583
Tax refund			(61,733)	(20,143)
Provision for income tax	$ 58,030	¥ 398,477	¥ 16,230	¥ 307,900

INCOME TAX - Income tax expense

INCOME TAX - Income tax expense (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
INCOME TAX
Current income tax provision	$ 58,030	¥ 398,477	¥ 16,230	¥ 307,900
Deferred income tax provision	0	0	0	0
Provision for income tax	$ 58,030	¥ 398,477	¥ 16,230	¥ 307,900

INCOME TAX - Additional Informa

INCOME TAX - Additional Information (Details)	12 Months Ended
	Jun. 30, 2019
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)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)
Noncontrolling Interest [Line Items]
Paid-in capital	$ 36,498,048	¥ 250,624,798		¥ 207,490,280
Accumulated other comprehensive loss	423,769	2,909,936		1,516,093
Total non-controlling interest	1,614,352	11,085,429		10,861,930
Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital	903,040	6,201,000	$ 838,544	5,551,000
Unappropriated retained earnings	715,783	4,915,132	806,918	5,341,633
Accumulated other comprehensive loss	(4,471)	(30,703)	(4,638)	(30,703)
Total non-controlling interest	$ 1,614,352	11,085,429	1,640,824	10,861,930
Bhd [Member] | Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital		1,651,000		1,651,000
Unappropriated retained earnings		3,477,493		3,152,687
Accumulated other comprehensive loss		(18,850)		(18,850)
Total non-controlling interest		5,109,643		4,784,837
Nanjing Recon [Member] | Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital		200,000		200,000
Unappropriated retained earnings		3,616,002		3,491,859
Accumulated other comprehensive loss		(11,853)		(11,853)
Total non-controlling interest		3,804,149		3,680,006
Gan Su BHD [Member] | Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital		4,350,000		3,500,000
Unappropriated retained earnings		(1,351,699)		(548,899)
Accumulated other comprehensive loss		0
Total non-controlling interest		2,998,301		¥ 2,951,101
Qinghai BHD [Member] | Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Paid-in capital		0	200,000
Unappropriated retained earnings		(826,664)	(754,014)
Accumulated other comprehensive loss		0
Total non-controlling interest		¥ (826,664)	$ (554,014)

CONCENTRATIONS (Details)

CONCENTRATIONS (Details)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
China National Petroleum Corporation [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	39.00%	45.00%	72.00%
China National Petroleum Corporation [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	31.00%	29.00%	32.00%
Customer One [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	24.00%	43.00%	10.00%
Customer One [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	18.00%	22.00%	18.00%
Customer Two [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	12.00%
Customer Two [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		14.00%	14.00%
Customer Three [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	10.00%		10.00%

COMMITMENTS AND CONTINGENCY - O

COMMITMENTS AND CONTINGENCY - OFFICE LEASES (Details) - Jun. 30, 2019	USD ($)	CNY (¥)
COMMITMENTS AND CONTINGENCY
2020	$ 273,066	¥ 1,875,092
Total	$ 273,066	¥ 1,875,092

COMMITMENTS AND CONTINGENCY - P

COMMITMENTS AND CONTINGENCY - PURCHASE COMMITMENT (Details) - Jun. 30, 2019 - Purchase Commitment [Member]	USD ($)	CNY (¥)
Other Commitment, Fiscal Year Maturity [Abstract]
2019	$ 125,886	¥ 864,433
Total minimum payments required	$ 125,886	¥ 864,433

COMMITMENTS AND CONTINGENCY - A

COMMITMENTS AND CONTINGENCY - Additional Information (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Commitment and Contingencies [Line Items]
Severance Costs	$ 500,000	¥ 3,300,000
Office Leases [Member]
Commitment and Contingencies [Line Items]
Operating Leases, Rent Expense	$ 387,308	¥ 2,659,570	¥ 28,596,809	¥ 1,664,128

RELATED PARTY TRANSACTIONS AN_3

RELATED PARTY TRANSACTIONS AND BALANCES - Schedule of Sales to related parties (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Related Party Transaction [Line Items]
Total revenues from related party	$ 542,741	¥ 3,726,894	¥ 577,009	¥ 0
Urumqi Yikeli Automatic Control Equipment Co Ltd [Member]
Related Party Transaction [Line Items]
Total revenues from related party	$ 542,741	¥ 3,726,894	¥ 577,009	¥ 0

RELATED PARTY TRANSACTIONS AN_4

RELATED PARTY TRANSACTIONS AND BALANCES - Schedule of leases from related parties (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)	Jun. 30, 2019CNY (¥)
Prepaid Expense, Current, Related Parties	$ 31,689			¥ 0	¥ 217,600
Monthly Payment [Member]
Operating Leases, Rent Expense	240,000	¥ 1,680,000
Founders [Member]
Prepaid Expense, Current, Related Parties	19,311			0	132,600
Founders Family Member [Member]
Prepaid Expense, Current, Related Parties	$ 12,378			¥ 0	¥ 85,000
Nanjing Recon [Member] | Founders [Member]
Lessee, Operating Lease, Period of Contract			April 1, 2018 - March 31, 2020	April 1, 2018 - March 31, 2020
Nanjing Recon [Member] | Founders [Member] | Monthly Payment [Member]
Operating Leases, Rent Expense			$ 8,738	¥ 60,000
Bhd [Member] | Founders [Member]
Lessee, Operating Lease, Period of Contract			January 1, 2019 - December 31, 2019	January 1, 2019 - December 31, 2019
Bhd [Member] | Founders [Member] | Monthly Payment [Member]
Operating Leases, Rent Expense			$ 3,277	¥ 22,500
Bhd [Member] | Founders Family Member [Member]
Lessee, Operating Lease, Period of Contract			January 1, 2019 - December 31, 2019	January 1, 2019 - December 31, 2019
Bhd [Member] | Founders Family Member [Member] | Monthly Payment [Member]
Operating Leases, Rent Expense			$ 6,917	¥ 47,500
Recon BJ [Member] | Founders [Member]
Lessee, Operating Lease, Period of Contract			July 1, 2019 - June 30, 2020	July 1, 2019 - June 30, 2020
Recon BJ [Member] | Founders [Member] | Monthly Payment [Member]
Operating Leases, Rent Expense			$ 1,456	¥ 10,000

RELATED PARTY TRANSACTIONS AN_5

RELATED PARTY TRANSACTIONS AND BALANCES (Additional Information) (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Related Party Transaction [Line Items]
Expenses Paid By Related Party	$ 295,612		¥ 2,029,908	¥ 2,767,349
Loans from bank				2,500,000
Monthly Payment [Member]
Related Party Transaction [Line Items]
Operating Leases, Rent Expense	240,000	¥ 1,680,000
Related Party [Member]
Related Party Transaction [Line Items]
Short-term borrowings from related parties	1,312,187		9,010,525	9,018,065
Long-term borrowings from related parties	$ 1,307,305		¥ 8,977,001	¥ 9,663,729
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)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)	Jun. 30, 2016CNY (¥)
Current Assets
Cash and cash equivalents	$ 658,433	¥ 4,521,325	$ 6,602,869	¥ 45,340,578	¥ 3,809,279	¥ 1,817,620
Notes receivable	447,615	3,073,680		3,995,962
Trade accounts receivable, net	9,980,673	68,535,282		24,254,007
Purchase advances, net	195,663	1,343,576		12,654,546
Total current assets	14,245,978	97,824,268		100,834,569
Total Assets	22,860,950	156,981,554		121,807,517
LIABILITIES
Trade accounts payable	2,051,799	14,089,293		8,754,347
Taxes payable	317,592	2,180,847		431,913
Other liabilities	344,617	2,366,410		3,255,810
Total Current Liabilities	6,128,675	42,084,370		25,991,921
Total Liabilities	7,322,274	50,280,574		34,935,755
Variable Interest Entity, Primary Beneficiary [Member]
Current Assets
Cash and cash equivalents	64,770	444,763		7,336,672
Notes receivable	447,615	3,073,680		3,995,962
Trade accounts receivable, net	10,477,252	71,945,194		24,254,007
Purchase advances, net	195,663	1,343,576		12,654,546
Other assets	2,414,353	16,578,876		14,281,461
Total current assets	13,599,653	93,386,089		62,522,648
Non-current assets	5,620,044	38,591,721		20,966,716
Total Assets	19,219,697	131,977,810		83,489,364
LIABILITIES
Trade accounts payable	2,051,799	14,089,293		8,754,347
Taxes payable	295,200	2,027,076		278,184
Other liabilities	3,424,380	23,514,531		14,730,356
Total Current Liabilities	5,771,379	39,630,900		23,762,887
Non-current liabilities	1,193,599	8,196,204		8,943,834
Total Liabilities	$ 6,964,978	¥ 47,827,104		¥ 32,706,721

VARIABLE INTEREST ENTITIES - Ad

VARIABLE INTEREST ENTITIES - Additional Information (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Variable Interest Entity [Line Items]
Revenues	$ 14,910,049	¥ 102,384,327	¥ 84,712,046	¥ 60,054,462
Operating expenses	7,879,790	54,108,938	45,075,081	46,574,986
Net income (loss)	3,692,537	25,355,905	44,072,321	31,445,147
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Revenues	14,910,049	102,384,327	84,712,046	60,054,462
Operating expenses	3,131,246	21,501,642	22,441,733	18,074,743
Net income (loss)	$ 567,529	¥ (3,897,110)	¥ (22,734,249)	¥ (2,757,013)

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Revenues	$ 14,910,049	¥ 102,384,327	¥ 84,712,046	¥ 60,054,462
Automation product and software [Member]
Revenues	9,258,632	63,577,177	18,989,924	22,399,066
Equipment and accessories [Member]
Revenues	3,487,961	23,951,132	63,960,425	26,658,094
Oilfield environmental protection [Member]
Revenues	$ 2,163,456	¥ 14,856,018	¥ 1,761,697	¥ 10,997,302

SEGMENT REPORTING - Company's r

SEGMENT REPORTING - Company's revenue (Details)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017CNY (¥)
Revenue	$ 14,910,049	¥ 102,384,327	¥ 84,712,046	¥ 60,054,462
Cost of revenue and related tax	10,560,809	72,518,963	80,561,861	44,090,960
Gross profit	4,349,240	29,865,364	4,150,185	15,963,502
Depreciation and amortization	163,688	1,124,011	1,119,049	856,735
Total capital expenditures		6,342,779	12,022,482	638,119
Automation product and software [Member]
Revenue	9,258,632	63,577,177	18,989,924	22,399,066
Cost of revenue and related tax		49,356,155	17,036,393	12,593,429
Gross profit		14,221,022	1,953,531	9,805,637
Depreciation and amortization		78,760	48,127	39,846
Total capital expenditures		162,060	100,327	75,809
Equipment and accessories [Member]
Revenue	3,487,961	23,951,132	63,960,425	26,658,094
Cost of revenue and related tax		15,039,628	62,115,400	22,023,851
Gross profit		8,911,504	1,845,025	4,634,243
Depreciation and amortization		1,018,012	1,044,079	816,889
Total capital expenditures		1,573,896	1,403,083	562,310
Oilfield environmental protection [Member]
Revenue	$ 2,163,456	14,856,018	1,761,697	10,997,302
Cost of revenue and related tax		8,123,180	1,410,068	9,473,680
Gross profit		6,732,838	351,629	1,523,622
Depreciation and amortization		27,239	26,843	0
Total capital expenditures		¥ 4,606,823	¥ 10,519,072	¥ 0

SEGMENT REPORTING - Total asset

SEGMENT REPORTING - Total assets (Details)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018CNY (¥)
Assets [Abstract]
Assets	$ 22,860,950	¥ 156,981,554	¥ 121,807,517
Automation product and software [Member]
Assets [Abstract]
Assets	10,388,771	71,337,589	53,284,643
Equipment and accessories [Member]
Assets [Abstract]
Assets	7,397,984	50,800,483	40,365,472
Oilfield environmental protection [Member]
Assets [Abstract]
Assets	$ 5,074,195	¥ 34,843,482	¥ 28,157,402

Uncategorized Items - rcon-2019

Label	Element	Value
Stock Issued During Period, Value, Restricted Stock Award, Gross	us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross	¥ 8,399,240
Stock Issued During Period, Value, Restricted Stock Award, Gross	us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross	¥ 1,223,167
Restricted Stock, Value, Shares Issued Net of Tax Withholdings	us-gaap_RestrictedStockValueSharesIssuedNetOfTaxWithholdings	¥ 12,904,723
Restricted Stock, Value, Shares Issued Net of Tax Withholdings	us-gaap_RestrictedStockValueSharesIssuedNetOfTaxWithholdings	¥ 1,879,292
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	¥ (30,116)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	¥ (4,386)
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	¥ 2,039,446
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	¥ 297,001
Shareholders Equity [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	¥ (31,445,147)
Stock Issued During Period, Value, Restricted Stock Award, Gross	us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross	8,399,240
Restricted Stock, Value, Shares Issued Net of Tax Withholdings	us-gaap_RestrictedStockValueSharesIssuedNetOfTaxWithholdings	12,904,723
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	(30,116)
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2,039,446
Statutory Reserves [Member]
Stock Issued During Period, Value, Restricted Stock Award, Gross	us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross	0
Retained Earnings [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	(31,445,147)
Noncontrolling Interest [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	241,346
Accumulated Other Comprehensive Income [Member]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	¥ (30,116)
Common Stock [Member]
Restricted Stock, Shares Issued Net of Shares for Tax Withholdings	us-gaap_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings	3,518,909
Stock Issued During Period, Value, Restricted Stock Award, Gross	us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross	¥ 72,335
Restricted Stock, Value, Shares Issued Net of Tax Withholdings	us-gaap_RestrictedStockValueSharesIssuedNetOfTaxWithholdings	¥ 447,486
Stock Issued During Period, Shares, Restricted Stock Award, Gross	us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross	580,000
Additional Paid In Capital [Member]
Stock Issued During Period, Value, Restricted Stock Award, Gross	us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross	¥ 8,326,905
Restricted Stock, Value, Shares Issued Net of Tax Withholdings	us-gaap_RestrictedStockValueSharesIssuedNetOfTaxWithholdings	12,457,237
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	¥ 2,039,446