Recon Technology (RCON) 20-F/A24 May 242023 FY Annual report (foreign) (amended)Financial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	12 Months Ended
Document And Entity Information - shares	Jun. 30, 2023	Jun. 30, 2022
Document Information [Line Items]
Entity Registrant Name	RECON TECHNOLOGY, LTD
Entity Central Index Key	0001442620
Document Type	20-F/A
Document Period End Date	Jun. 30, 2023
Amendment Flag	true
Amendment Description	Amendment No. 2
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes
Trading Symbol	RCON
Title of 12(b) Security	Class A Ordinary Shares, $0.0001 par value per share*
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	2,306,295
Document Registration Statement	false
Entity File Number	001-34409
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	Room 601, No. 1 Shui’an South Street
Entity Address, Address Line Two	Chaoyang District
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100012
Entity Address, Country	CN
Document Transition Report	false
Document Annual Report	true
Document Shell Company Report	false
Document Accounting Standard	U.S. GAAP
Auditor Name	Enrome LLP	Friedman LLP
Auditor Firm ID	6907	711
Auditor Location	Singapore	New York
Business Contact [Member]
Document Information [Line Items]
Entity Address, Address Line One	Room 601, No. 1 Shui’an South Street
Entity Address, Address Line Two	Chaoyang District
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100012
Entity Address, Country	CN
City Area Code	+86
Local Phone Number	(10) 8494 5799
Contact Personnel Name	Liu Jia
Contact Personnel Email Address	liujia@recon.cn

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS		Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Current assets
Cash		¥ 104,125,800	$ 14,359,604	¥ 316,974,857
Restricted cash		731,545	100,885	723,560
Short-term investments		184,200,000	25,400,000	0
Notes receivable		3,742,390	516,099	10,828,308
Accounts receivable, net		27,453,415	3,785,999	22,577,980
Inventories, net		6,330,701	873,044	3,894,369
Other receivables, net		2,185,733	301,427	5,501,833
Loans to third parties		123,055,874	16,970,181	50,383,822
Purchase advances, net		2,680,456	369,652	178,208
Contract costs, net		49,572,685	6,836,386	33,858,820
Prepaid expenses		350,119	48,284	420,284
Prepaid expenses - related parties				275,000
Total current assets		504,413,173	69,561,759	445,617,041
Property and equipment, net		24,752,864	3,413,576	25,474,162
Construction in progress				239,739
Intangible assets, net				5,950,000
Long-term other receivables, net		3,640	502	1,564,381
Goodwill				4,730,002
Operating lease right-of-use assets (including ¥765,241 and ¥335,976 ($46,333) from a related party as of June 30, 2022 and 2023, respectively)		2,654,900	366,127	6,666,759
Total Assets		531,824,577	73,341,964	490,242,084
Current liabilities
Short-term bank loans		12,451,481	1,717,138	10,000,000
Accounts payable		10,791,721	1,488,246	16,739,989
Other payables		5,819,010	802,478	3,533,918
Other payable- related parties		2,592,395	357,508	2,240,135
Contract liabilities		2,748,365	379,017	2,001,277
Accrued payroll and employees' welfare		2,382,516	328,564	2,250,547
Taxes payable		1,163,006	160,386	2,210,958
Short-term borrowings - related parties		20,018,222	2,760,639	9,009,156
Long-term borrowings - related party - current portion				999,530
Operating lease liabilities - current (including ¥429,265 and ¥335,976 ($46,333) from a related party as of June 30, 2022 and 2023, respectively)		3,066,146	422,841	3,892,774
Total Current Liabilities		61,032,862	8,416,817	52,878,284
Operating lease liabilities - non-current (including ¥335,976 and ¥nil ($nil) from a related party as of June 30, 2022 and 2023, respectively)		25,144	3,468	2,184,635
Long-term borrowings - related party				5,511,076
Contract liabilities - non-current				106,000
Warrant liability		31,615,668	4,360,000	16,677,328
Total Liabilities		92,673,674	12,780,285	77,357,323
Commitments and Contingencies
Equity
Additional paid-in capital	[1]	580,340,061	80,032,554	516,426,799
Statutory reserve		4,148,929	572,163	4,148,929
Accumulated deficit		(170,440,826)	(23,504,865)	(111,273,525)
Accumulated other comprehensive income		35,127,173	4,844,259	11,307,461
Total shareholders' equity		449,206,962	61,948,472	420,631,729
Non-controlling interests		(10,056,059)	(1,386,793)	(7,746,968)
Total equity		439,150,903	60,561,679	412,884,761
Total Liabilities and Equity		531,824,577	73,341,964	490,242,084
Class A ordinary shares
Equity
Common stock value	[1]	26,932	3,714	19,461
Class B ordinary shares
Equity
Common stock value	[1]	¥ 4,693	$ 647	¥ 2,604

[1]Retrospectively restated for the 1

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical)				12 Months Ended
CONSOLIDATED BALANCE SHEETS (Parenthetical)	May 01, 2024 shares	Mar. 29, 2024 $ / shares shares	Dec. 10, 2019	Jun. 30, 2023 CNY (¥) shares	Mar. 28, 2024 $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Mar. 15, 2023 $ / shares	Jun. 30, 2022 CNY (¥) shares	Jun. 30, 2022 $ / shares	Jun. 14, 2021 $ / shares	Apr. 05, 2021 $ / shares shares	Apr. 05, 2021 ¥ / shares shares	Dec. 26, 2019 shares
Rights of use lease assets, net				¥ 2,654,900		$ 366,127		¥ 6,666,759
Operating lease liabilities - current				3,066,146		422,841		3,892,774
Operating lease liabilities - non-current				¥ 25,144		$ 3,468		¥ 2,184,635
Ordinary shares, shares outstanding	7,927,132
Reverse stock split	0.056	0.056		0.2
Class A ordinary shares
Ordinary shares, par value (in dollars per share) \| (per share)		$ 0.0001			$ 0.0925	$ 0.0001	$ 0.0925		$ 0.0001	$ 0.0925	$ 0.0925	¥ 0.62
Ordinary shares, shares authorized		500,000,000		500,000,000	150,000,000	500,000,000		500,000,000			150,000,000	150,000,000
Ordinary shares, shares issued				2,306,295		2,306,295		1,704,766
Ordinary shares, shares outstanding	141,703,218			2,306,295		2,306,295		1,704,766					4,611,720
Reverse stock split	0.056	0.056	0.2
Class B ordinary shares
Ordinary shares, par value (in dollars per share) \| (per share)		$ 0.0001			$ 0.0925	$ 0.0001			$ 0.0001		$ 0.0925	¥ 0.62
Ordinary shares, shares authorized		80,000,000		80,000,000	20,000,000	80,000,000		80,000,000			20,000,000	20,000,000
Ordinary shares, shares issued				7,100,000		7,100,000		4,100,000
Ordinary shares, shares outstanding				7,100,000		7,100,000		4,100,000
Reverse stock split				0.056
Related party
Rights of use lease assets, net				¥ 335,976		$ 46,333		¥ 765,241
Operating lease liabilities - current				335,976		46,333		429,265
Operating lease liabilities - non-current				¥ 0		$ 0		¥ 335,976

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)		12 Months Ended
		Jun. 30, 2023 CNY (¥) ¥ / shares shares		Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 CNY (¥) ¥ / shares shares		Jun. 30, 2021 CNY (¥) ¥ / shares shares
Revenue		¥ 67,114,378		$ 9,255,496	¥ 83,777,571		¥ 47,938,575
Cost of revenue		48,247,395		6,653,620	64,352,834		40,723,547
Gross profit		18,866,983		2,601,876	19,424,737		7,215,028
Selling and distribution expenses		10,638,978		1,467,182	10,150,802		8,038,965
General and administrative expenses		76,784,396		10,589,052	83,281,958		45,949,157
Allowance for (net recovery of) credit losses		(9,038,985)		(1,246,533)	(658,823)		8,191,247
Impairment loss of property and equipment and other long-lived assets		1,009,124		139,165	0		768,312
Research and development expenses		8,806,205		1,214,431	8,964,217		5,846,295
Operating expenses		88,199,718		12,163,297	101,738,154		68,793,976
Loss from operations		(69,332,735)		(9,561,421)	(82,313,417)		(61,578,948)
Other income (expenses)
Subsidy income		325,425		44,878	11,993		355,667
Interest income		13,603,487		1,876,007	5,367,979		918,629
Interest expense		(2,514,850)		(346,814)	(1,522,526)		(2,210,005)
Income (loss) from investment in unconsolidated entity		0		0	15,411		(266,707)
Gain in fair value changes of warrants liability		6,116,000		843,435	174,485,575		35,365,792
Remeasurement gain of previously held equity interests in connection with step acquisition		0		0	0		979,254
Foreign exchange transaction gain (loss)		241,652		33,325	(118,456)		(146,898)
Impairment loss on goodwill and intangible assets		(9,980,002)		(1,376,305)	(2,266,893)		0
Other income		82,970		11,442	15,855		192,137
Other income, net		7,874,682		1,085,968	175,988,938		35,187,869
Income (loss) before income tax		(61,458,053)		(8,475,453)	93,675,521		(26,391,079)
Income tax expenses (benefit)		18,339		2,529	(613,874)		(524,251)
Net income (loss)		(61,476,392)		(8,477,982)	94,289,395		(25,866,828)
Less: Net loss attributable to non-controlling interests		(2,309,091)		(318,438)	(1,297,400)		(3,034,094)
Net income (loss) attributable to Recon Technology, Ltd		(59,167,301)		(8,159,544)	95,586,795		(22,832,734)
Comprehensive income (loss)
Net income (loss)		(61,476,392)		(8,477,982)	94,289,395		(25,866,828)
Foreign currency translation adjustment		23,819,712		3,284,889	9,332,625		(850,895)
Comprehensive income (loss)		(37,656,680)		(5,193,093)	103,622,020		(26,717,723)
Less: Comprehensive loss attributable to non- controlling interests		(2,309,091)		(318,438)	(1,297,400)		(3,034,094)
Comprehensive income (loss) attributable to Recon Technology, Ltd		¥ (35,347,589)		$ (4,874,655)	¥ 104,919,420		¥ (23,683,629)
Earning (loss) per ordinary share -Basic \| (per share)		¥ (27.43)		$ (3.78)	¥ 55.52	[1]	¥ (30.04)	[1]
Earning (loss) per ordinary share -Diluted \| (per share)		¥ (27.43)	[1]	$ (3.78)	¥ 55.52	[1]	¥ (30.04)	[1]
Weighted average shares -Basic	[1]	2,157,158		2,157,158	1,721,529		760,116
Weighted average shares -Diluted	[1]	2,157,158		2,157,158	1,721,529		760,116
Third parties
Revenue		¥ 67,114,378		$ 9,255,496	¥ 83,777,571		¥ 47,852,918
Cost of revenue		48,247,395		6,653,620	64,352,834		40,723,547
Related party
Revenue		¥ 0		$ 0	¥ 0		¥ 85,657

[1]Retrospectively restated for the 1

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Parenthetical)			12 Months Ended
	May 01, 2024	Mar. 29, 2024	Jun. 30, 2023
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
Reverse stock split	0.056	0.056	0.2

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY		Additional Paid-in Capital CNY (¥)	[1]	Statutory Reserve CNY (¥)	Accumulated deficit CNY (¥)	Accumulated Other Comprehensive income CNY (¥)	Shareholders' Equity CNY (¥)	Non-controlling Interest CNY (¥)	Common stock Class A ordinary shares CNY (¥) shares		Common stock Class B ordinary shares CNY (¥) shares		CNY (¥) shares	USD ($) shares
Opening Balance at Jun. 30, 2020		¥ 287,077,740		¥ 4,148,929	¥ (184,027,586)	¥ 2,825,731	¥ 110,029,762	¥ 10,614,526	¥ 4,948	[1]			¥ 120,644,288	$ 16,637,609
Opening Balance (in shares) at Jun. 30, 2020	[1]								454,883
Capital contribution in non-controlling interests								50,000					50,000	6,895
Step acquisition of FGS								34,790,000					34,790,000	4,797,760
Capital contribution receivable due from non-controlling Interest								(50,000,000)					(50,000,000)	(6,895,315)
Stock issuance		81,087,271					81,091,141		¥ 3,870	[1]			81,091,141	11,182,980
Stock issuance (in shares)	[1]								334,117
Stock issuance for warrants exercised		21,128,345					21,130,035		¥ 1,690	[1]			21,130,035	2,913,965
Stock issuance for warrants exercised (in shares)	[1]								143,951
Proceeds from Pre-founded warrants		30,275,713					30,276,569		¥ 856	[1]			30,276,569	4,175,330
Proceeds from Pre-founded warrants (in shares)	[1]								73,889
Issuance of common share in exchange of shares of Starry, net of issuance costs		27,675,248					27,675,450		¥ 202	[1]			27,675,450	3,816,619
Issuance of common share in exchange of shares of Starry, net of issuance costs (in shares)	[1]								17,575
Restricted shares issued for management		6,139,915					6,140,037		¥ 122	[1]			6,140,037	846,750
Restricted shares issued for management (in shares)	[1]								10,481
Stock issuance for convertible notes redemption		42,429,692					42,435,669		¥ 5,977	[1]			42,435,669	5,852,146
Stock issuance for convertible notes redemption (in shares)	[1]								512,519
Net income (loss) for the period					(22,832,734)		(22,832,734)	(3,034,094)					(25,866,828)	(3,567,199)
Foreign currency translation adjustment						(850,895)	(850,895)						(850,895)	(117,344)
Ending Balance at Jun. 30, 2021		495,813,924		4,148,929	(206,860,320)	1,974,836	295,095,034	(7,579,568)	¥ 17,665	[1]			287,515,466	39,650,196
Ending Balance (in shares) at Jun. 30, 2021	[1]								1,547,415
Capital contribution in non-controlling interests								1,130,000					1,130,000	155,834
Restricted shares issued for services		8,934,933					8,935,919		¥ 986	[1]			8,935,919	1,232,320
Restricted shares issued for services (in shares)	[1]								86,111
Stock issuance for Pre-founded warrants		92,392					93,321		¥ 929	[1]			93,321	12,870
Stock issuance for Pre-founded warrants (in shares)	[1]								81,667
Cancellation of ordinary shares issued to Starry Lab		(27,675,248)					(27,675,450)		¥ (202)	[1]			(27,675,450)	(3,816,619)
Cancellation of ordinary shares issued to Starry Lab (in shares)	[1]								(17,575)
Restricted shares issued for management		39,260,798					39,263,485		¥ 83	[1]	¥ 2,604	[1]	39,263,485	5,414,682
Restricted shares issued for management (in shares)									7,148	[1]	4,100,000	[2]
Net income (loss) for the period					95,586,795		95,586,795	(1,297,400)					94,289,395	13,003,100
Foreign currency translation adjustment						9,332,625	9,332,625						9,332,625	1,287,028
Ending Balance at Jun. 30, 2022		516,426,799		4,148,929	(111,273,525)	11,307,461	420,631,729	(7,746,968)	¥ 19,461	[1]	¥ 2,604	[1]	412,884,761	56,939,411
Ending Balance (in shares) at Jun. 30, 2022									1,704,766	[1]	4,100,000	[2]
Restricted shares issued for services		5,805,150					5,805,840		¥ 690	[1]			5,805,840	800,662
Restricted shares issued for services (in shares)	[1]								55,556
Stock issuance		28,168,902					28,174,993		¥ 6,091	[1]			28,174,993	3,885,509
Stock issuance (in shares)	[1]								490,417
Proceeds from Pre-founded warrants		3,750,282					3,750,282						3,750,282	517,188
Restricted shares issued for management		26,188,928					26,191,707		¥ 690	[1]	¥ 2,089	[1]	¥ 26,191,707	$ 3,612,002
Restricted shares issued for management (in shares)									55,556	[1]	3,000,000	[2]
Stock issuance for convertible notes redemption (in shares)													9,225,338	9,225,338
Net income (loss) for the period					(59,167,301)		(59,167,301)	(2,309,091)					¥ (61,476,392)	$ (8,477,982)
Foreign currency translation adjustment						23,819,712	23,819,712						23,819,712	3,284,889
Ending Balance at Jun. 30, 2023		¥ 580,340,061		¥ 4,148,929	¥ (170,440,826)	¥ 35,127,173	¥ 449,206,962	¥ (10,056,059)	¥ 26,932	[1]	¥ 4,693	[1]	¥ 439,150,903	$ 60,561,679
Ending Balance (in shares) at Jun. 30, 2023									2,306,295	[1]	7,100,000	[2]

[1]Retrospectively restated for the 1

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)			12 Months Ended
	May 01, 2024	Mar. 29, 2024	Jun. 30, 2023
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Reverse stock split	0.056	0.056	0.2

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
Cash flows from operating activities:
Net income (loss)	¥ (61,476,392)	$ (8,477,982)	¥ 94,289,395	¥ (25,866,828)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	3,683,586	507,990	3,339,868	3,150,789
Loss (gain) from disposal of equipment	(12,782)	(1,763)	48,628	19,590
Gain in fair value changes of warrants liability	(6,116,000)	(843,435)	(174,485,575)	(35,365,792)
Amortization of offering cost of warrants	1,483,306	204,557	0	12,584,024
Allowance for (net recovery of) credit losses	(9,038,985)	(1,246,533)	(658,823)	8,191,247
Allowance for slow moving inventories	484,644	66,835	266,285	654,673
Impairment loss of property and equipment and other long-lived assets	1,009,124	139,165	0	768,312
Impairment loss on goodwill and intangible assets	9,980,002	1,376,305	2,266,893	0
Amortization of right of use assets	3,252,066	448,480	3,138,518	1,866,803
Restricted shares issued for management and employees	26,191,707	3,612,002	39,263,485	6,140,037
Restricted shares issued for services	5,805,840	800,662	8,935,919	0
Remeasurement gain of previously held equity interests in connection with step acquisition			0	(979,254)
Loss (income) from investment in unconsolidated entity	0	0	(15,411)	266,707
Deferred tax benefit			(624,087)	(425,913)
Interest expenses related to convertible notes			0	430,416
Accrued interest income from loans to third parties	(7,997,961)	(1,102,969)	(270,563)	0
Accrued interest income from short-term investment	(2,901,955)	(400,198)	0	0
Changes in operating assets and liabilities:
Notes receivable	7,085,917	977,193	(4,522,674)	(2,124,748)
Accounts receivable	(495,784)	(68,372)	3,811,866	18,326,410
Accounts receivable-related party			0	3,409,912
Inventories	(2,373,013)	(327,253)	(689,291)	(2,502,263)
Other receivables	(1,307,694)	(180,339)	285,786	(338,468)
Other receivables-related parties	(64,122)	(8,843)	0	0
Purchase advances	(2,575,198)	(355,136)	865,430	(899,371)
Contract costs	(14,236,539)	(1,963,309)	15,422,513	(21,944,876)
Prepaid expense	70,164	9,676	(274,215)	143,354
Prepaid expense - related parties	275,000	37,924	158,000	(433,000)
Operating lease liabilities	(3,061,303)	(422,173)	(1,594,702)	(2,762,949)
Accounts payable	(1,710,898)	(235,944)	(5,523,938)	(2,109,944)
Other payables	2,270,104	313,062	(6,329,042)	5,685,188
Other payables-related parties	352,260	48,579	969,468	(2,577,610)
Contract liabilities	641,087	88,410	(5,578,999)	4,160,456
Accrued payroll and employees' welfare	131,971	18,200	296,065	(1,593,822)
Taxes payable	(1,036,483)	(142,938)	961,964	76,452
Net cash used in operating activities	(51,688,331)	(7,128,147)	(26,247,237)	(34,050,468)
Cash flows from investing activities:
Purchases of property and equipment	(940,673)	(129,725)	(692,206)	(522,416)
Proceeds from disposal of equipment	31,950	4,406	0	0
Repayments of loans to third parties	40,113,311	5,531,879	171,435,032	5,150,377
Payments made for loans to third parties	(103,146,761)	(14,224,589)	(171,071,510)	(51,638,458)
Payments for short-term investments	(290,051,964)	(39,999,995)	0	0
Redemption of short-term investments	108,769,464	14,999,995	0	0
Step acquisition of FGS, net of cash			0	471,843
Net cash used in investing activities	(245,224,673)	(33,818,029)	(328,684)	(46,538,654)
Cash flows from financing activities:
Proceeds from short-term bank loans	13,491,481	1,860,560	10,000,000	16,020,000
Repayments of short-term bank loans	(11,040,000)	(1,522,486)	(15,000,000)	(10,540,000)
Proceeds from short-term borrowings			0	3,660,000
Repayments of short-term borrowings			(530,000)	(3,360,000)
Proceeds from short-term borrowings-related parties	15,013,115	2,070,403	11,100,000	18,400,000
Repayments of short-term borrowings-related parties	(9,000,000)	(1,241,157)	(14,770,000)	(15,950,000)
Proceeds from long-term borrowings-related party			0	0
Repayments of long-term borrowings-related party	(1,499,667)	(206,813)	(892,701)	(816,952)
Proceeds from warrants issued with common stock	17,493,069	2,412,405	0	212,051,414
Proceeds from sale of ordinary shares, net of issuance costs	28,174,993	3,885,509	0	81,091,141
Proceeds from sale of prefunded warrants, net of issuance costs	3,750,282	517,188	93,321	30,276,569
Proceeds from stock issuance for warrants exercised			0	21,130,035
Proceeds from issuance of convertible notes			0	42,014,616
Capital contribution by non-controlling shareholders	0	0	0	50,000
Net cash provided by (used in) financing activities	56,383,273	7,775,609	(9,999,380)	394,026,823
Effect of exchange rate fluctuation on cash and restricted cash	27,688,659	3,818,441	10,275,148	224,365
Net increase (decrease) in cash and restricted cash	(212,841,072)	(29,352,126)	(26,300,153)	313,662,066
Cash and restricted cash at beginning of year	317,698,417	43,812,615	343,998,570	30,336,504
Cash and restricted cash at end of year	104,857,345	14,460,489	317,698,417	343,998,570
Supplemental cash flow information
Cash paid during the year for interest	1,200,699	165,584	1,427,174	1,682,863
Cash paid during the year for taxes	18,339	2,529	10,214	(98,338)
Reconciliation of cash and restricted cash, beginning of year
Cash	316,974,857	43,712,832	343,998,570	30,336,504
Restricted cash	723,560	99,783	0	0
Cash and restricted cash at beginning of year	317,698,417	43,812,615	343,998,570	30,336,504
Cash	104,125,800	14,359,604	316,974,857	343,998,570
Restricted cash	731,545	100,885	723,560	0
Cash and restricted cash at end of year	104,857,345	14,460,489	317,698,417	343,998,570
Non-cash investing and financing activities
Issuance of common stock in exchange of shares of FGS, net of issuance costs			0	1,689,807
Cancellation of common stock issued prior years in exchange of shares of FGS , net of issuance costs			0	(1,689,807)
Issuance of common stock in exchange of shares of Starry, net of issuance costs			0	27,675,450
Cancellation of shares issued to Starry Lab			(27,675,450)	0
Conversion of convertible notes to 9,225,338 shares of ordinary shares			0	42,435,669
Right-of-use assets obtained in exchange for operating lease obligations	75,182	10,368	937,672	7,242,819
Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement	62,357	8,599	0	0
Inventories transferred to and used as fixed assets	¥ (65,456)	$ (9,027)	0	302,795
Receivable for disposal of property and equipment			3,000	0
Capital contribution receivable due from non-controlling Interest			0	50,000,000
Other payable due to non-controlling interest converted into capital contribution			¥ 1,130,000	¥ 0

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	Jun. 30, 2023 shares
CONSOLIDATED STATEMENTS OF CASH FLOWS
Stock issuance for convertible notes redemption (in shares)	9,225,338

ORGANIZATION AND NATURE OF OPER

ORGANIZATION AND NATURE OF OPERATIONS	12 Months Ended
ORGANIZATION AND NATURE OF OPERATIONS	Jun. 30, 2023
ORGANIZATION AND NATURE OF OPERATIONS
ORGANIZATION AND NATURE OF OPERATIONS	NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS Organization The Company, along with its wholly-owned subsidiaries, Recon Investment Ltd. (“Recon-IN”) and Recon Hengda Technology (Beijing) Co., Ltd. (“Recon-BJ”), conducts its business through the following PRC legal entities (“Domestic Companies”) that 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, and Equity Interest Pledge Agreements and Exclusive Equity Interest Purchase Agreements with their shareholders (collectively the “VIE Agreements”). Pursuant to these VIE Agreements, 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. The VIE agreements are designed to render the Company as the primary beneficiary of and entitle the Company of rights to consolidate each Domestic Company for accounting purposes. We believe that the Domestic Companies should be treated as Variable Interest Entities (“VIEs”) under the Statement of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810 Consolidation and we are regarded as the primary beneficiary of the VIEs. On February 21, 2019, the Company’s board of directors approved transferring the VIEs and VIE-controlled companies from Jining Recon Technology Ltd. (“Recon-JN”) to Recon-BJ. At the time, both Recon-JN and Recon-BJ were the Company’s wholly owned subsidiaries in China. On April 1, 2019, the Company completed the VIE transfer process and then completed the dissolution of Recon-JN on April 10, 2019, and subsequently completed the dissolution of Recon Technology Co., Limited (“Recon HK”) on May 15, 2020. The Company does not expect any negative impact of this process on its operations. On December 17, 2015, Huang Hua BHD Petroleum Equipment Manufacturing Co., Ltd (“HH BHD”), a fully owned subsidiary established by BHD was organized under the laws of the PRC, focusing on the design, assemble and manufacture of hearing equipment. Gan Su BHD Environmental Technology Co., Ltd (“Gan Su BHD”) was established on May 23, 2017, with registered capital of ¥50.0 million. The paid in capital was ¥27,495,000 ($3,791,734) as of June 30,2023. BHD owned an equity interest of 49% of Gan Su BHD, and the remaining 51% equity interests was owned by an individual shareholder upon incorporation of Gan Su BHD. On September 25, 2017, the individual shareholder became the minority shareholder by transferring 2.0% equity shares to BHD. On April 26, 2021, the minority shareholder of Gan Su BHD transferred 15.4% of her equity interest to BHD. On May 19, 2021, the minority shareholder transferred 3.6% of her equity interest and BHD transferred 15.4% of its equity interest of Gan Su BHD to Nanjing Recon. There was no consideration paid for the transfers, and after the transfers, BHD owns equity an interest of 51% and Nanjing Recon owns an equity interest of 19% 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 ¥50.0 million. The paid in capital was ¥4,200,000 ($579,206) as of June 30, 2023. BHD owned an equity 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 ($4,827,276) and ¥12,500,000 ($1,812,041) respectively. Based on its charter dated September 29, 2017, the remaining capital will be injected before September 29, 2036. As the energy consumption market opened to private and foreign companies, and online payment technology developed, the Domestic Companies began to invest in the downstream of the oil industry. On December 15, 2017, BHD and Nanjing Recon entered into a subscription agreement with Future Gas Station (Beijing) Technology, Ltd (“FGS”), pursuant to which the Domestic Companies acquired an 8% equity interest in FGS. Established in January 2016, FGS is a service company focusing on providing new technical applications and data operations to gas stations and provides solutions to gas stations to improve their operations and their customers’ experience. On August 21, 2018, the Domestic Companies entered into an investment agreement and a supplemental agreement (collectively, the “Investment Agreement”) with FGS and the other shareholders of FGS. Pursuant to the Investment Agreement, our VIEs’ ownership interest in FGS shall increase from 8% to 43%, in exchange for their investment in FGS for a total amount of ¥10 million in cash and the issuance of 487,057 (27,059 shares post 2024 Reverse Split) restricted Class A Ordinary Shares to the other shareholders of FGS with certain conditions. As of June 30, 2019, the Domestic Companies invested an aggregate amount of ¥35,116,707 in FGS and issued 487,057 (27,059 shares post 2024 Reverse Split) restricted shares in total to other shareholders of FGS, and the Domestic Companies’ ownership interest in FGS has increased to 43%. On February 4, 2021, Nanjing Recon and BHD, entered into the fourth supplemental agreement to the investment agreement with FGS and FGS’ founding shareholders to acquire 8% equity ownership of FGS. The transaction has been closed. As a result, the Domestic Companies collectively own 51% interest of FGS and began to consolidate the financial results of FGS since January 2021. Through the fourth supplemental agreement, the Domestic Companies waived the requirement on FGS’ performance goal about the number of gas stations. Accordingly, the Domestic Companies agreed to pay for the balance of the investment and cancelled the related lock-up terms on the restricted shares, in exchange of the additional 8% equity ownership of FGS. The VIE contractual arrangements The Company’s main operating entities, the Domestic Companies, are controlled through contractual arrangements by the Company. A VIE is an entity which has a total equity investment that is insufficient to finance its activities without additional subordinated financial support, or whose equity investors lack the characteristics of a controlling financial interest, such as through voting rights, right to receive the expected residual returns of the entity or obligation to absorb the expected losses of the entity. The variable interest holder, if any, that has a controlling financial interest in a VIE is deemed to be the primary beneficiary of, and must consolidate, the VIE, because it met the condition under accounting principles generally accepted in the United States of America (“U.S. GAAP”) to consolidate the VIE. The Company is deemed to have a controlling financial interest in and be the primary beneficiary of the Domestic Companies because it has both of the following characteristics: ● The power to direct activities of the Domestic Companies that most significantly impact such entities’ economic performance, and ● The obligation to absorb losses of, and the right to receive benefits from, the Domestic Companies that could potentially be significant to such entities. Pursuant to these contractual arrangements, the Domestic Companies shall pay service fees equal to all of their net profit after tax payments to the Company. Accordingly, the Company has the right to absorb 90% of net interest or 100% of net loss of those Domestic Companies for accounting purposes. Such contractual arrangements are designed so that the operations of the Domestic Companies are solely for the benefit of the Company, and therefore the Company must consolidate the Domestic Companies under U.S. GAAP. Risks associated with the VIE structure The Company believes that the contractual arrangements with the VIEs and the shareholders of the VIEs are in compliance with PRC laws and regulations and are legally enforceable. However, uncertainties in the PRC legal system could limit the Company’s ability to enforce the contractual arrangements. If the legal structure and contractual arrangements were found to be in violation of PRC laws and regulations, the PRC government could: ● revoke the business and operating licenses of the Company’s PRC subsidiary and the VIEs; ● discontinue or restrict the operations of any related-party transactions between the Company’s PRC subsidiary and the VIEs; ● limit the Company’s business expansion in China by way of entering into contractual arrangements; ● impose fines or other requirements with which the Company’s PRC subsidiary and the VIEs may not be able to comply; ● require the Company or the Company’s PRC subsidiary and the VIEs to restructure the relevant ownership structure or operations; or ● restrict or prohibit the Company’s use of the proceeds from public offering to finance the Company’s business and operations in China. The Company’s ability to conduct its businesses may be negatively affected if the PRC government were to carry out of any of the aforementioned actions. As a result, the Company may not be able to consolidate the VIEs in its consolidated financial statements as it may lose the ability to exercise its rights as the primary beneficiary over the VIEs and it may lose the ability to receive economic benefits from the VIEs. The Company, however, does not believe such actions would result in the liquidation or dissolution of the Company, its PRC subsidiary and the VIEs. There are no terms in any arrangements, considering both explicit arrangements and implicit variable interests that require the Company or its subsidiaries to provide financial support to the VIEs and the VIEs’ subsidiaries. However, when the VIEs and the VIEs’ subsidiaries ever need financial support, the Company or its subsidiaries has, at its option and subject to statutory limits and restrictions, provided financial support to the VIEs and the VIEs’ subsidiaries through loans to the VIEs and the VIEs’ subsidiaries. Nature of Operations Impact of COVID-19 -

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2023
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Principles of Consolidation Variable Interest Entities Assets recognized as a result of consolidating VIEs do not represent additional assets that could be used to satisfy claims against the Company’s general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets; rather, they represent claims against the specific assets of the consolidated VIEs. Currency Translation Estimates and Assumptions 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 credit losses 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 three levels of inputs are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable. Accounting guidance also describes three main approaches to measure the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. The carrying amounts reported in the consolidated balance sheets for short-term investments, accounts receivable, notes receivable, other receivables, purchase advances, contract cost, accounts payable, other payable, accrued liabilities, contract liabilities, short-term bank loans and short-term borrowings – related parties approximate fair value because of the immediate or short-term maturity of these financial instruments. The carrying amounts of the long-term borrowings due to related party approximate its fair value because the stated interest rates approximate rates currently offered by financial institutions for similar debt instruments of comparable credit risk and maturities. Cash Restricted cash Short-term investments - Accounts Receivables, Net, Other Receivables, Net and Loan to Third Parties The adoption of the credit loss accounting standard has no material impact on the Company’s consolidated financial statements as of July 1, 2020. Accounts receivable, other receivables and loan to third parties are recognized and carried at carrying amount less an allowance for credit loss, if any. The Company maintains an allowance for credit losses resulting from the inability of its trade and non-trade customers (“customers”) to make required payments based on contractual terms. The Company reviews the collectability of its receivables on a regular and ongoing basis. The Company has also included in calculation of allowance for credit losses, the potential impact of the COVID-19 pandemic on our customers businesses and their ability to pay their accounts receivable, other receivables and loan to third parties. After all attempts to collect a receivable have failed, the receivable is written off against the allowance. The Company also considers external factors to the specific customer, including current conditions and forecasts of economic conditions, including the potential impact of the COVID-19 pandemic. In the event the Company recovers amounts previously reserved for, the Company will reduce the specific allowance for credit losses. The net recovery of provision for credit loss for the year ended June 30, 2023 increased by approximately ¥7.3 million ($1.0 million) from the year ended June 30, 2022. The Company evaluates the creditworthiness of all of its customers individually before accepting them and continuously monitors the recoverability of accounts receivable, other receivables and loan to third parties. If there are any indicators that a customer may not make payment, the Company may consider making provision for non-collectability for that particular customer. At the same time, the Company may cease further sales or services to such customer. The following are some of the factors that the Company considers in determining whether to discontinue sales, record as contra revenue or allowance for credit losses: ● the oil price and fluctuation of the overall oil industry; ● the customer fails to comply with its payment schedule; ● the customer is in serious financial difficulty; ● a significant dispute with the customer has occurred regarding job progress or other matters; ● the customer breaches any of the contractual obligations; ● the customer appears to be financially distressed due to economic or legal factors; ● the business between the customer and the Company is not active; and ● other objective evidence indicates non-collectability of the accounts receivable, other receivables and loan to third parties. The Company considers the following factors when determining whether to permit a longer payment period or provide other concessions to customers: ● the customer’s past payment history; ● the customer’s general risk profile, including factors such as the customer’s size, age, and public or private status; ● macroeconomic conditions that may affect a customer’s ability to pay; and ● the relative importance of the customer relationship to the Company’s business. Notes Receivable Purchase Advances, Net - Inventories, Net Property and Equipment, Net two Items Useful life Motor vehicles 3-5 years Office equipment and fixtures 2-5 years Production equipment, including: Equipment 10 years Utilities and Facilities 20 years Leasehold improvement Lesser of useful life and lease term Construction in progress includes property and equipment in the course of construction for production or for its own use purposes. Construction in progress is carried at cost less any recognized impairment loss. Construction in progress is classified to the appropriate category of property and equipment when completed and ready for intended use. Depreciation of these assets, on the same basis as other property assets, commences when the assets are ready for their intended use. Goodwill - Intangible Assets, Net – Impairment of Long-Lived Assets Long-term Investments - Equity Investments with Readily Determinable Fair Values - Equity Investments without Readily Determinable Fair Values - Equity Investments Accounted for Using the Equity Method - An impairment charge is recorded if the carrying amount of the investment exceeds its fair value and this condition is determined to be other-than-temporary. The Company recorded no impairment loss on its equity method investment during the years ended June 30, 2021, 2022 and 2023. The Company recorded a ¥266,707 investment loss, ¥15,411 investment income and nil investment income on its equity method investment in unconsolidated entities during the years ended June 30, 2021, 2022 and 2023, respectively. Business Combinations - In a business combination considered as a step acquisition, the Company remeasures the previously held equity interest in the acquiree immediately before obtaining control at its acquisition-date fair value and the re-measurement gain or loss, if any, is recognized in the consolidated statements of operation and comprehensive income (loss). Non-controlling Interests - Revenue Recognition Disaggregation of Revenue Revenue 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 revenue 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 revenue and cash flows are affected by economic factors and delivery conditions of products and fulfillment of obligations. The Company’s disaggregation of revenue for the years ended June 30, 2021, 2022 and 2023 is disclosed in Note 25. Automation Products and Software; Equipment, Accessories and Others The Company generates revenue primarily through delivery of standard or customized products and equipment, including automation products, furnaces and related accessories. Revenue is recognized when products are delivered, and acceptance reports are signed off by customers. The sale of automation products or specialized equipment when combined with services represent a single performance obligation for the development and construction of a single asset. The Company may also provide design or installation services to clients as there may be such obligation in contracts. The promises to transfer the goods and provision of services are not separately identifiable, which is evidenced by the fact that the Company provides significant services of integrating the goods and services into a single deliverable for which the customer has contracted. For such sales arrangements, the Company recognizes revenue using input method, based on the relationship between actual costs incurred compared to the total estimated costs for the contract. Such method is adopted because the Company believes it best depicts the transfer of goods and services to the customer. Oilfield Environmental Protection Service The Company provides wastewater treatment products and related service to oilfield and chemical industry companies and generates revenue from special equipment, self-developed chemical products and supporting service, transfer. Revenue is recognized when contract obligations have been performed. For such sales arrangements, the Company recognizes revenue when products are delivered, on-site assistance services rendered, and acceptance reports are signed off by customers. Such method is adopted because the Company believes it best depicts the transfer of services to the customer. The Company provides oily sludge disposal and treatment services to oilfield companies and generates revenue from treatment services of oily sludge. Revenue is recognized when contract obligations have been performed. For such sales arrangements, the Company recognizes revenue using output method, based on the percentage-of-completion method. Such method is adopted because the Company believes it best depicts the transfer of services to the customer. Platform Outsourcing Services The Company provides online platform development, maintenance, and operation services to gas stations around different provinces in China to complete online transactions; and API (application programming interface) port export service and related maintain services to business cooperators of different industries that may have transactions in the refueling scenario during the service contract period. The Company considered these performance obligations to be indistinguishable contractual performance obligations. As the Company has no right to get the compensation for any performances completed while not accepted by its customers, the Company can only recognize revenue at a point in time, which is when the online transaction is completed. The Company’s services enable terminal users of different mobile apps run by its clients or cooperators to complete refueling in cash or online through different payment channels, when each transaction, including refueling and payment, is completed, the Company is entitled to charge with pre-settled rates of each transaction amount as service fee and recognize the underlying amount as revenue. Related fees are generally billed monthly, based on a per transaction basis. Arrangements with Multiple Performance Obligations Contracts with customers may include multiple performance obligations. For such arrangements, the Company will allocate revenue to each performance obligation based on its relative standalone selling price. We generally determine standalone selling prices based on the prices charged to customers or using expected cost-plus margin. Contract Balances The Company’s contract balances include contract costs, net and contract liabilities from contracts with customers, and the following table provides information about contract balances: June 30, June 30, June 30 2022 2023 2023 RMB RMB US Dollars Contract costs, net ¥ 33,858,820 ¥ 49,572,685 $ 6,836,386 Contract liabilities ¥ 2,107,277 ¥ 2,748,365 $ 379,017 Contract Costs, Net - Pre-Contract Costs - Executed Contract Costs Contract Liabilities Performance Obligations - Amounts billed to customers for shipping and handling activities to fulfill the Company’s promise to transfer the goods are included in revenue, 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 income (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, 2023. The amount of revenue recognized during the years ended June 30, 2021, 2022 and 2023 that was previously included within contract liability balances was ¥1,899,561, ¥7,390,276 and ¥1,901,277 ($262,198), respectively. Practical Expedients Elected Incremental Costs of Obtaining a Contract - The Company has elected the practical expedient permitted in ASC 340-40-25-4, which permits an entity to recognize incremental costs to obtain a contract as an expense when incurred if the amortization period will be less than one year and not significant. Significant Financing Component - The Company has elected the practical expedient permitted in ASC 606-10-32-18, which allows an entity to not adjust the promised amount of consideration for the effects of a significant financing component if a contract has a duration of one year or less. As the Company’s contracts are majorly less than one year in length, consideration will not be adjusted. For the Company’s contracts include a standard payment term of 90 days to 180 days; consequently, there is no significant financing component within contracts. There are also some new contracts that will not be completed within one year from year 2022, the Company did calculation and the amount was not material as end of this fiscal year. Share-Based Compensation - Research and Development Expenses Shipping and Handling Costs - Leases Leases At the commencement date, the Company recognizes the lease liability at the present value of the lease payments not yet paid, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company’s incremental borrowing rate for the same term as the underlying lease. The ROU asset is recognized initially at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred, consisting mainly of brokerage commissions, less any lease incentives received. All ROU assets are reviewed for impairment annually. There was no impairment for ROU lease assets as of June 30, 2022 and 2023. Income Taxes 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, 2022 and 2023. As of June 30, 2023, the tax years ended December 31, 2018 through December 31, 2022 for the Company’s People’s Republic of China (“PRC”) subsidiaries remain open for statutory examination by PRC tax authorities. Comprehensive Income (Loss) - Earnings (Loss) per Share (“EPS”) The following table sets forth the computation of basic and diluted earnings per share for the years ended June 30, 2021, 2022 and 2023: For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Numerator: Net income (loss) attributable to Recon Technology, Ltd ¥ (22,832,734) ¥ 95,586,795 ¥ (59,167,301) $ (8,159,544) Denominator: Weighted-average number of ordinary shares outstanding – basic* 760,116 1,721,529 2,157,158 2,157,158 Class A Ordinary Shares* 760,116 1,612,427 1,880,065 1,880,065 Class B Ordinary Shares** — 109,102 277,093 277,093 Outstanding options/warrants* 584,571 585,357 1,115,088 1,115,088 Potentially dilutive shares from outstanding options/warrants — — — — Weighted-average number of ordinary shares outstanding – diluted* 760,116 1,721,529 2,157,158 2,157,158 Earnings (loss) per share – basic and diluted* ¥ (30.04) ¥ 55.52 ¥ (27.43) $ (3.78) Retrospectively restated for the 1 * The Class B Ordinary Shares were not subjected to reverse stock split, and each Class B Ordinary Share is convertible into one -eighteenth (1/18) of one Class A Ordinary Share at any time by the holder thereof, so the weighted average number of Class B Ordinary Shares is calculated on a one-for-eighteen basis of issued and outstanding Class B Ordinary Shares. Warrants For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the consolidated statements of operations. Reclassification - Recently Issued Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815 – 40)” (“ASU 2020-06”). ASU 2020-06 simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The ASU is part of the FASB’s simplification initiative, which aims to reduce unnecessary complexity in U.S. GAAP. The ASU’s amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The Company is currently evaluating the impact ASU 2020-06 will have on its 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.

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	12 Months Ended
ACCOUNTS RECEIVABLE, NET	Jun. 30, 2023
ACCOUNTS RECEIVABLE, NET
ACCOUNTS RECEIVABLE, NET	NOTE 3. ACCOUNTS RECEIVABLE, NET Accounts receivable, net consisted of the following: June 30, June 30, June 30, 2022 2023 2023 Third Parties RMB RMB US Dollars Accounts receivable ¥ 27,206,752 ¥ 27,606,257 $ 3,807,077 Allowance for credit losses (4,628,772) (152,842) (21,078) Total third-parties, net ¥ 22,577,980 ¥ 27,453,415 $ 3,785,999 June 30, June 30, June 30, 2022 2023 2023 Third Parties- long-term RMB RMB US Dollars Accounts receivable ¥ 4,983,698 ¥ 842,607 $ 116,201 Allowance for credit losses (4,983,698) (842,607) (116,201) Total third-parties, net ¥ — ¥ — $ — Provision for credit losses of accounts receivable due from third parties was ¥3,730,606 and ¥153,329 for the years ended June 30, 2021 and 2022, respectively. Net recovery of provision for credit losses of accounts receivable due from third parties was ¥8,767,356 ($1,209,073) for the year ended June 30, 2023. The decrease in allowance for credit losses of accounts receivable due from third parties was mainly resulted by the management’s efforts in collection receivables from our customers, and as the date of this report, approximately 54.7%, or ¥15.0 million ($2.1 million) of net outstanding balance as of June 30, 2023 has been collected as of the date of the report. Movement of allowance for doubtful accounts is as follows: June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Beginning balance ¥ 9,315,427 ¥ 9,612,470 $ 1,325,619 Charge to (reversal of) allowance 153,329 (8,767,356) (1,209,073) Foreign currency translation adjustments 143,714 150,335 20,733 Ending balance ¥ 9,612,470 ¥ 995,449 $ 137,279

NOTES RECEIVABLE

NOTES RECEIVABLE	12 Months Ended
NOTES RECEIVABLE	Jun. 30, 2023
NOTES RECEIVABLE
NOTES RECEIVABLE	NOTE 4. NOTES RECEIVABLE Notes receivable represented the non-interest-bearing commercial bills the Company received from the customers for the purpose of collection of sales amounts, which ranged from three to six months from the date of issuance. As of June 30, 2022 and 2023, notes receivable was ¥10,828,308 and ¥3,742,390 ($516,099), respectively. As of June 30, 2022 and 2023, no notes were guaranteed or collateralized. As of the date of this report, 85.0%, or ¥3.2 million ($0.4 million) have been subsequently collected, and the remaining balance is expected to be collected by December 2023.

OTHER RECEIVABLES, NET

OTHER RECEIVABLES, NET	12 Months Ended
OTHER RECEIVABLES, NET	Jun. 30, 2023
OTHER RECEIVABLES, NET
OTHER RECEIVABLES, NET	NOTE 5. OTHER RECEIVABLES, NET Other receivables, net consisted of the following: June 30, June 30, June 30, 2022 2023 2023 Third Party RMB RMB US Dollars Business advances to officers and staffs (A) ¥ 1,441,807 ¥ 854,162 $ 117,795 Deposits for projects 3,259,236 1,247,992 172,106 VAT recoverable 437,095 690,053 95,163 Others 2,547,520 1,392,126 191,983 Allowance for credit losses (619,444) (1,994,960) (275,118) Subtotal 7,066,214 2,189,373 301,929 Less: Long term portion (B) (1,564,381) (3,640) (502) Other receivable - current portion ¥ 5,501,833 ¥ 2,185,733 $ 301,427 (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. Net recovery of provision for credit losses of other receivables was ¥187,161 and ¥294,644 for the years ended June 30, 2021 and 2022, respectively. Provision for credit losses of other receivables was ¥1,375,516 ($189,692) for the year ended June 30, 2023. Movement of allowance for credit losses is as follows: June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Beginning balance ¥ 918,153 ¥ 619,444 $ 85,426 Charge to (reversal of) allowance (294,644) 1,375,516 189,692 Less: written off (4,065) — — Ending balance ¥ 619,444 ¥ 1,994,960 $ 275,118

LOANS TO THIRD PARTIES

LOANS TO THIRD PARTIES	12 Months Ended
LOANS TO THIRD PARTIES	Jun. 30, 2023
LOANS TO THIRD PARTIES
LOANS TO THIRD PARTIES	NOTE 6. LOANS TO THIRD PARTIES Loans to third parties consisted of the following: June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Working fund to third party companies ¥ 50,383,822 ¥ 123,055,874 $ 16,970,181 Loans to third parties ¥ 50,383,822 ¥ 123,055,874 $ 16,970,181 Loans to third parties are mainly used for short-term funding to support the Company’s external business partners and at the same time the Company can earn interest income from these loans. Most of these loans bear interest or no interest and have terms of no more than one year, except one of the loans to third party has term of one and half 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, approximately 8.3%, or ¥10.2 million ($1.4 million) was collected by the Company and the remaining part was expected to be paid in full by end of June 2024.

CONTRACT COSTS, NET

CONTRACT COSTS, NET	12 Months Ended
CONTRACT COSTS, NET	Jun. 30, 2023
CONTRACT COSTS, NET
CONTRACT COSTS, NET	NOTE 7. CONTRACT COSTS, NET Contract costs, net consisted of the following: June 30, June 30, June 30, 2022 2023 2023 Third Party RMB RMB US Dollars Contract costs ¥ 37,922,302 ¥ 52,158,840 $ 7,193,033 Allowance for credit losses (4,063,482) (2,586,155) (356,647) Total contract costs, net ¥ 33,858,820 ¥ 49,572,685 $ 6,836,386 As of June 30, 2023, total contracts costs, net amounted to ¥49,572,685 ($6,836,386), of which 23.2%, or ¥11.5 million ($1.6 million) have been subsequently realized as of the date of the report, and the remaining balance is expected to be utilized by June 2024. Provision for credit losses of contract was ¥4,647,802 for the year ended June 30, 2021. Net recovery of provision for credit losses of contract cost was ¥552,008 and ¥1,720,095 ($237,212) for the years ended June 30, 2022 and 2023, respectively. As the progress of these contracts was delayed by the COVID-19 pandemic previously, the Company records allowance for credit losses of contract cost according to its general accounting policy. Since the pandemic is relatively under control now, most of our projects has resumed their progress and the contract costs were realized, hence, resulted in a decrease in allowance for credit losses of contract cost. The Company will continue making great efforts to prevent any unrealizable of contract costs from third parties. Movement of allowance for credit losses of contract costs is as follows: June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Beginning balance ¥ 4,548,910 ¥ 4,063,482 $ 560,380 Reversal of allowance (552,008) (1,720,095) (237,212) Charge to cost of sales 66,580 242,768 33,479 Ending balance ¥ 4,063,482 ¥ 2,586,155 $ 356,647

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
PROPERTY AND EQUIPMENT, NET	Jun. 30, 2023
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET	NOTE 8. PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of the following: June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Motor vehicles ¥ 5,312,274 ¥ 5,176,175 $ 713,827 Office equipment and fixtures 1,442,395 1,440,819 198,698 Production equipment 31,102,055 31,115,843 4,291,071 Leasehold improvement — 2,260,000 311,668 Total cost 37,856,724 39,992,837 5,515,264 Less: accumulated depreciation (11,614,250) (14,297,511) (1,971,717) Less: accumulated impairment (768,312) (942,462) (129,971) Property and equipment, net ¥ 25,474,162 ¥ 24,752,864 $ 3,413,576 Construction in progress ¥ 239,739 ¥ — $ — Construction in progress pertains to infrastructure built for the Company’s oily sludge treatment projects. Depreciation expenses were ¥2,773,122, ¥2,611,854 and ¥2,983,586 ($411,456) for the years ended June 30, 2021, 2022 and 2023, respectively. Impairment loss for the property and equipment was ¥768,312, ¥nil and ¥174,150 ($24,017) for the years ended June 30, 2021, 2022 and 2023, respectively. As the Company’s certain properties and equipment were not able to generate enough future cashflow. Thus the Company decided to record full impairment of those properties and equipment. Loss from property and equipment disposal was ¥19,590 and ¥48,628 for the years ended June 30, 2021 and 2022, respectively. Income from property and equipment disposal was ¥12,782 ($1,763) for the year ended June 30, 2023.

BUSINESS ACQUISITION AND INVEST

BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY	12 Months Ended
	Jun. 30, 2023
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY	NOTE 9 . BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY (U) Step Acquisition of Future Gas Station (Beijing) Technology, Ltd (“FGS”) On August 21, 2018, the Company entered into a definitive investment agreement and a supplemental agreement (collectively, the “Agreement”) with FGS and the other shareholders of FGS. Following full performance under the Agreement, Recon will own 43% of FGS. As consideration for increasing its affiliates’ interest in FGS from 8% to 43%, the Company will (1) pay a total of RMB 10 million in cash to FGS and (2) issue 487,057 (27,059 shares post 2024 Reverse Split) restricted Class A Ordinary Shares of the Company (the “Restricted Shares”) to the other shareholders of FGS within 30 days after FGS finalizes recording the Company’s corresponding interest at the local governmental agency. If FGS does not reach certain performance goals, the Company has the right to cancel all of the Restricted Shares and without further payment. The Restricted Shares are also subject to lock-up period requirements that vary for each of FGS shareholders, from one year to three years following issuance of the Restricted Shares. FGS has finalized recording Recon’s corresponding interest at the local governmental agency, and Recon has issued 487,057 (27,059 shares post 2024 Reverse Split) Restricted Shares in total to the other shareholders of FGS in August 2018. On September 24, 2019, the Company signed an extension agreement with FGS and the other shareholders of FGS to postpone the Agreement to provide extra period for FGS to further fulfill the goals mentioned on the supplemental agreement. During the original contract period, FGS adjusted its operation model with an advanced improvement of its mobile applications and business model. Objected user and average Gross Merchandise Volume (“GMV”) of FGS’ mobile applications have been exceeded. FGS will need an extension to deploy its business in more provinces to complete a goal of 200 more gas stations. On March 17, 2020, the Company signed a new supplemental agreement with FGS and the other shareholders of FGS to extend another 12 months to February 2021 for FGS and its shareholders to fulfill the goals mentioned on the supplemental agreement. As of December 31, 2020, the Company owned 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. On February 8, 2021, and pursuant to FGS’ shareholder meeting resolution dated January 13, 2021 (“Acquisition Date”), two of the Company’s subsidiaries entered into the fourth supplemental agreement to the investment agreement with FGS and FGS’ founding shareholders to acquire 8% equity ownership of FGS, as an exchange for waiver of the requirement on FGS’ performance goal about the number of gas stations and cancellation of the related lock-up terms on the 487,057 (27,059 shares post 2024 Reverse Split) Restricted Shares of the Company (reflecting the effect of one-for- five The Company retained independent appraisers to advise management in the determination of the fair value of customers relationship and goodwill. The values assigned in these financial statements represent management’s best estimate of fair values as of the Acquisition Date. The carrying value of other assets and liabilities other than customer relationship and goodwill, are approximate at their fair value as of the Acquisition Date. The fair values of the identifiable assets and liabilities as at the date of the acquisitions are summarized in the following table: RMB US Dollars Cash ¥ 471,843 $ 65,070 Accounts receivable, net 831,049 114,607 Other receivables, net 144,285 19,898 Contract costs, net 75,250 10,377 Prepaid expenses 91,132 12,568 Property and equipment, net 118,130 16,291 Intercompany receivables* 6,850,000 944,658 Intangible assets- customer relationship 7,000,000 965,344 Goodwill 6,996,895 964,916 Accounts payable (1,032,078) (142,330) Other payables (1,273,182) (175,580) Other payable- related parties (479,959) (66,189) Deferred revenue (39,786) (5,487) Accrued payroll and employees’ welfare (1,629,519) (224,721) Taxes payable (64,253) (8,861) Deferred tax liability (1,050,000) (144,801) Total ¥ 17,009,807 $ 2,345,760 Cash considerations — — Deemed equity consideration to acquire 8% equity interest in FGS 1,689,807 233,035 Fair value of previously held equity interest 30,530,000 4,210,280 Non-controlling interest 34,790,000 4,797,760 Capital contribution receivable due from non-controlling Interest (50,000,000) (6,895,315) Total ¥ 17,009,807 $ 2,345,760 *Intercompany receivables from Nanjing Recon and BHD are eliminated upon consolidation. The noncontrolling interest has been recognized at fair value net with subscription receivable on the acquisition date. Goodwill and intangible assets The excess of purchase price over the fair value of assets acquired and liabilities assumed of the business acquired was recorded as goodwill. The goodwill is not expected to be deductible for tax purposes. In conjunction with the preparation of our consolidated financial statement for years ended June 30, 2021, 2022 and 2023, the management performed evaluation on the impairment of goodwill and recorded an impairment loss on goodwill of ¥nil, ¥2,266,893 and ¥4,730,002 ($652,297) for the years ended June 30, 2021, 2022 and 2023, respectively. The identifiable goodwill acquired and the carrying value consisted of the following: June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Goodwill ¥ 6,996,895 ¥ 6,996,895 $ 964,916 Less: impairment for goodwill (2,266,893) (6,996,895) (964,916) Goodwill, net ¥ 4,730,002 ¥ — $ — The fair value of identified intangible assets, which is customer relationship, and its estimated useful lives as of June 30, 2023 is as follows: Average Useful Life Fair Value (in Years) RMB US Dollars Intangible assets - customer relationship ¥ 7,000,000 $ 965,344 10 Less: accumulated amortization (1,750,000) (241,336) Less: impairment (5,250,000) (724,008) Intangible assets - customer relationship, net ¥ — $ — The amortization expense of customer relationship was ¥350,000, ¥700,000 and ¥700,000 ($96,534) for the years ended June 30, 2021, 2022 and 2023, respectively. Impairment loss for intangible assets - customer relationship was ¥nil, ¥nil and ¥5,250,000 ($724,008) for the years ended June 30, 2021, 2022 and 2023, respectively. As intangible assets - customer relationship was not able to generate enough future cashflow. Thus the Company decided to record full impairment of the intangible assets - customer relationship during the year ended June 30, 2023. (b) Investment in Starry Blockchain Energy Pte. Ltd. (“Starry”) On June 3, 2021, Company entered into a share exchange agreement (the “Agreement”) with Starry, an innovative blockchain and sustainable energy technological company, and the controlling shareholders of Starry (the “Starry Controlling Shareholders”) to acquire 30% of the equity interest in Starry. Pursuant to the terms of the Agreement, the signing parties agreed that the value of 30% of the equity interest in Starry is $3,000,000. As consideration to acquire Starry’s 30% equity interest, the Company issued 316,345 unregistered, restricted Class A Ordinary Shares, based on $9.48 per share, the average closing price in the 30 trading days prior to signing this Agreement, to the Starry Controlling Shareholders. Fair value of the shares issued on the investment date, which was June 3, 2021, was ¥27,675,450, or $4,327,600, based on the closing price of $13.80 per share. On November 10, 2021, this investment agreement was terminated based on a mutual decision and the 316,345 unregistered, restricted Class A Ordinary Shares was subsequently cancelled on December 10, 2021. The Company recorded an investment loss of ¥15,411 and an investment income of ¥15,411 during the years ended June 30, 2021 and 2022, respectively. On November 10, 2021, the Company signed a service agreement with Starry, and as the service consideration, the Company issued 500,000 restricted Class A Ordinary Shares to Starry (See Note 18).

LEASES

LEASES	12 Months Ended
LEASES	Jun. 30, 2023
LEASES
LEASES	NOTE 10. LEASES The Company leases office spaces and land use rights under non-cancelable operating leases, with terms ranging from one The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The table below presents the operating lease related assets and liabilities recorded on the balance sheets: June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Rights of use lease assets, net ¥ 6,666,759 ¥ 2,654,900 $ 366,127 Operating lease liabilities – current 3,892,774 3,066,146 422,841 Operating lease liabilities – non-current 2,184,635 25,144 3,468 Total operating lease liabilities ¥ 6,077,409 ¥ 3,091,290 $ 426,309 The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of June 30, 2023: June 30, June 30, 2022 2023 Remaining lease term and discount rate: Weighted average remaining lease term (years) 16.18 23.90 Weighted average discount rate 5.0 % 5.0 % Operating lease costs and short-term lease costs for the year ended June 30, 2021 were ¥2,034,105 and ¥1,291,685, respectively. Operating lease costs and short-term lease costs for the year ended June 30, 2022 were ¥3,443,813 and ¥967,247, respectively. Operating lease costs and short-term lease costs for the year ended June 30, 2023 were ¥3,354,147 ($462,558) and ¥2,683,860 ($370,121), respectively. Impairment loss for the ROU was ¥nil, ¥nil and ¥834,974 ($115,148) for the years ended June 30, 2021, 2022 and 2023, respectively. As ROU of FGS was not able to generate enough future cashflow. Thus the Company decided to record full impairment of the ROU during the year ended June 30, 2023. The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2023: Twelve months ending June 30, RMB US Dollars 2024 ¥ 3,110,862 $ 429,008 2025 26,400 3,641 Total lease payments 3,137,262 432,649 Less: imputed interest (45,972) (6,340) Present value of lease liabilities 3,091,290 426,309 Less: operating lease liabilities – current 3,066,146 422,841 Operating lease liabilities – non-current ¥ 25,144 $ 3,468

OTHER PAYABLES

OTHER PAYABLES	12 Months Ended
OTHER PAYABLES	Jun. 30, 2023
OTHER PAYABLES
OTHER PAYABLES	NOTE 11. OTHER PAYABLES Other payables consisted of the following: June 30, June 30, June 30, 2022 2023 2023 Third Parties RMB RMB US Dollars Professional service fees ¥ 2,061,016 ¥ 2,246,101 $ 309,752 Distributors and employees 1,009,307 3,073,289 423,826 Accrued expenses 206,045 200,218 27,611 Others 257,550 299,402 41,289 Total ¥ 3,533,918 ¥ 5,819,010 $ 802,478 June 30, June 30, June 30, 2022 2023 2023 Related Parties RMB RMB US Dollars Expenses paid by the major shareholders ¥ 1,396,419 ¥ 1,796,309 $ 247,723 Due to family members of the owners of BHD and FGS 590,159 545,159 75,181 Due to management staff for costs incurred on behalf of the Company 253,557 250,927 34,604 Total ¥ 2,240,135 ¥ 2,592,395 $ 357,508

TAXES PAYABLE

TAXES PAYABLE	12 Months Ended
TAXES PAYABLE	Jun. 30, 2023
TAXES PAYABLE
TAXES PAYABLE	NOTE 12. TAXES PAYABLE Taxes payable consisted of the following: June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars VAT payable ¥ 1,741,972 ¥ 699,601 $ 96,479 Income tax payable 440,030 440,030 60,683 Other taxes payable 28,956 23,375 3,224 Total taxes payable ¥ 2,210,958 ¥ 1,163,006 $ 160,386

BANK LOANS

BANK LOANS	12 Months Ended
BANK LOANS	Jun. 30, 2023
BANK LOANS
BANK LOANS	NOTE 13. BANK LOANS Short-term bank loans consisted of the following: June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Beijing Rural Commercial Bank (1) ¥ 10,000,000 ¥ — $ — Bank of Kunlun (2) — 950,000 131,010 Industry and Commercial Bank of China (“ICBC”) (3) — 10,000,000 1,379,064 China Construction Bank (4) — 1,501,481 207,064 Total short-term bank loans ¥ 10,000,000 ¥ 12,451,481 $ 1,717,138 (1) On April 13, 2022, the Company entered into a loan agreement with Beijing Rural Commercial Bank to borrow ¥ 5,600,000 as working capital for one year , which will be due on April 12, 2023. On April 13, 2022, the Company entered into a loan agreement with Beijing Rural Commercial Bank to borrow ¥ 4,400,000 as working capital for one year , which will be due on May 12, 2023. All these loan bears a fixed interest rate of 4.6% per annum. These loans are guaranteed by one of the founders of the Company and he also pledged self-owned housing property with carrying value of approximately ¥ 17.6 million (approximately $2.4 million) as collateral for these loans. The loan was full repaid upon maturity. (2) On August 31, 2022, the Company entered into a loan agreement with Bank of Kunlun to borrow up to ¥ 2,900,000 ( $399,928 ) as working capital for eighteen months , with a maturity date of February 29, 2024. The loan has a fixed interest rate of 6.0% per annum. The Company made a withdrawal in an amount of ¥ 1,000,000 ( $137,906 ) on August 31, 2022. During the year ended June 30, 2023, the Company repaid ¥ 50,000 ( $6,896 ). The loan is guaranteed by the non-controlling shareholder of Gan Su BHD. The Company also pledged the accounts receivable from the contracts the Company entered into with CNPC as collateral for this loan, and the total value of the contracts are approximately ¥ 6.5 million (approximately $0.9 million). (3) On June 6, 2023, the Company entered into a revolving loan facility with ICBC to borrow up to ¥ 10,000,000 ( $1,379,063 ) as working capital for one year , with a maturity date of June 7, 2024. The loan has a fixed interest rate of 2.5% per annum. The Company made the first withdrawal in an amount of ¥ 5,000,000 ( $689,532 ) on June 9, 2023, with a maturity date of June 7, 2024. Company made the second withdrawal in an amount of ¥ 5,000,000 ( $689,532 ) on June 13, 2023, with a maturity date of June 7, 2024. These loans are pledged by the self-owned housing property of one of the founders of the Company with carrying value of approximately ¥ 17.6 million (approximately $2.4 million) as collateral for these loans. (4) On June 6, 2023, the Company entered into a loan agreement with China Construction Bank to borrow up to ¥ 1,500,000 ( $207,064 ) as working capital for one year, with a maturity date of June 6, 2024. The loan has a fixed interest rate of 3.95% per annum. Interest expense for the short-term bank loan was ¥602,124, ¥486,757 and ¥416,481 ($57,435) for the years ended June 30, 2021, 2022 and 2023, respectively.

SHORT-TERM BORROWINGS DUE TO RE

SHORT-TERM BORROWINGS DUE TO RELATED PARTIES	12 Months Ended
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES	Jun. 30, 2023
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES	NOTE 14. SHORT-TERM BORROWINGS DUE TO RELATED PARTIES Short-term borrowings due to related parties consisted of the following: June 30, June 30, June 30, 2022 2023 2023 Short-term borrowings due to related parties: RMB RMB US Dollars Short-term borrowing from a founder, 4.35% annual interest, due on November 17, 2022* ¥ 4,006,767 ¥ — $ — Short-term borrowing from a founder, 4.35% annual interest, due on December 26, 2022* 5,002,389 — — Short-term borrowing from a Founder, 3.65% annual interest, due on December 26, 2023 — 10,004,055 1,379,622 Short-term borrowing from a Founder, 3.40% annual interest, due on June 4, 2024 — 4,993,950 688,697 Short-term borrowing from a Founder, 3.40% annual interest, due on June 16, 2024 — 5,020,217 692,320 Total short-term borrowings due to related parties ¥ 9,009,156 ¥ 20,018,222 $ 2,760,639 * The Company repaid the loans in full on maturity date. No short-term borrowings due to related parties were guaranteed or collateralized as of June 30, 2022 and 2023. Interest expense for short-term borrowings due to related parties were ¥ 433,281, ¥ 397,468 and ¥ 326,893 ($45,081) for the years ended June 30, 2021, 2022 and 2023, respectively.

LONG-TERM BORROWINGS DUE TO REL

LONG-TERM BORROWINGS DUE TO RELATED PARTY	12 Months Ended
LONG-TERM BORROWINGS DUE TO RELATED PARTY	Jun. 30, 2023
LONG-TERM BORROWINGS DUE TO RELATED PARTY
LONG-TERM BORROWINGS DUE TO RELATED PARTY	NOTE 15. LONG-TERM BORROWINGS DUE TO RELATED PARTY Long-term borrowings due to related party consisted of the following: June 30, June 30, June 30, 2022 2023 2023 Long-term borrowings due to related party: RMB RMB US 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. ¥ 6,510,606 ¥ — $ — Less: current portion (999,530) — — Total long-term borrowings due to related party ¥ 5,511,076 ¥ — $ — No long-term borrowings due to related parties were guaranteed or collateralized as of June 30, 2022 and 2023. The long-term loan was converted to a short-term loan due from related parties for lower interest rate during the year ended June 30, 2023 that is due on June 4, 2024. Interest expense for long-term borrowings due to related party were ¥ 693,641, ¥617,611 and ¥472,593 ($65,174) for the years ended June 30, 2021, 2022 and 2023, respectively.

CLASS A ORDINARY SHARES

CLASS A ORDINARY SHARES	12 Months Ended
CLASS A ORDINARY SHARES	Jun. 30, 2023
CLASS A ORDINARY SHARES
CLASS A ORDINARY SHARES	NOTE 16. CLASS A ORDINARY SHARES Share offering On December 10, 2019, the Company’s Board approved to effect a one-for- five On April 5, 2021, the Company held its annual general meeting of shareholders (the “Annual Meeting”) for the fiscal year ended June 30, 2020. At the Annual Meeting, the Company’s shareholders approved a special resolution that the authorized share capital of the Company be amended from US$1,850,000 divided into 20,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0925 each, to US$15,725,000 divided into 150,000,000 (8,333,333 shares post 2024 Reverse Split) Class A Ordinary Shares of a nominal or par value of US$0.0925 (¥0.62) (US$ 1.67 post 2024 Reverse Split) each, and 20,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0925 (¥0.62) each. The change from Ordinary Shares to Class A Ordinary Shares is reflected with the NASDAQ Capital Market and in the marketplace at the open of business on April 12, 2021, whereupon the Class A Ordinary Shares began trading. The Company’s Class A Ordinary Shares will continue to trade on the NASDAQ Capital Market under the symbol “RCON” and under the CUSIP Number of G7415M124. Holders of Class A Ordinary Shares and Class B Ordinary Shares shall at all times vote together as one class on all resolutions submitted to a vote by the Members. Each Class A Ordinary Share shall be entitled to one (1) vote on all matters subject to vote at general meetings of the Company, and each Class B Ordinary Share shall be entitled to fifteen (15) votes on all matters subject to vote at general meetings of the Company. On June 14, 2021, the Company and certain institutional investors (the “Purchasers”) entered into that certain securities purchase agreement (the “Purchase Agreement”), pursuant to which the Company agreed to sell to such Purchasers an aggregate of 6,014,102 (334,117 shares post 2024 Reverse Split) Class A Ordinary Shares, par value $0.0925 (US$1.67 post 2024 Reverse Split) per share and 2,800,000 (155,556 pre-funded warrants post 2024 Reverse Split) pre-funded warrants (the “Pre-Funded Warrants”) to purchase Class A Ordinary Shares in a registered direct offering, and warrants to purchase up to 8,814,102 (489,673 shares post 2024 Reverse Split) Class A Ordinary Shares in a concurrent private placement, for gross proceeds of approximately $55.0 million before deducting the placement agent’s fees and other offering expenses in an aggregate amount of ¥30,408,264, or $4.7 million. On March 15, 2023, the Company and certain institutional investors (the “Purchasers”) entered into that certain securities purchase agreement (the “Purchase Agreement”), pursuant to which the Company agreed to sell to such Purchasers an aggregate of 8,827,500 ( 490,417 shares post 2024 Reverse Split) Class A Ordinary Shares, par value $0.0925 (US$ 1.67 post 2024 Reverse Split) per share and 1,175,000 ( 65,278 pre-funded warrants post 2024 Reverse Split) pre-funded warrants (the “Pre-Funded Warrants”) to purchase Class A Ordinary Shares in a registered direct offering, and warrants to purchase up to 10,002,500 ( 555,694 shares post 2024 Reverse Split) Class A Ordinary Shares in a concurrent private placement, for gross proceeds of approximately $8.0 million before deducting the placement agent’s fees and other estimated offering expenses. The following table summarizes the Company’s Pre-Funded Warrants activities and status of Pre-Funded Warrants as of June 30, 2023: Weighted Average Average Remaining Pre-Funded Exercise Price Period Pre-Funded Warrants Warrants Per Share (Years) Outstanding as of June 30, 2021 81,667 $ 0.18 5.46 Issued — — — Forfeited — — — Exercised (81,667) $ 0.18 — Expired — — — Outstanding as of June 30, 2022 — $ — — Issued 65,278 0.18 5.50 Forfeited — — — Exercised — — — Expired — — — Outstanding as of June 30, 2023 65,278 $ 0.18 5.22 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, 2022 and 2023, the balance of total statutory reserves was ¥4,148,929 and ¥4,148,929 ($572,163), respectively.

ORDINARY SHARES PURCHASE WARRAN

ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS	12 Months Ended
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS	Jun. 30, 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS	NOTE 17. ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS In May and June 2020, the Company consummated two offerings. In connection with the offering, the Company issued to the investors warrants to purchase an aggregate of 911,112 ( 50,617 shares post 2024 Reverse Split) Class A Ordinary Shares at an exercise price of $2.25 ( $40.50 post 2024 Reverse Split) per Class A Ordinary Share, which was amended to $1.25 ( $22.50 post 2024 Reverse Split) per Class A Ordinary Share on the second offering on June 30, 2020. These warrants are exercisable at any time, and from time to time, in whole or in part, commencing on May 26, 2020 and expire on November 25, 2025. The fair value of these warrants, using the Black-Scholes option pricing model, on the date of issuance was $1,689,389 . Variables used in the option-pricing model include (1) risk-free interest rate at the date of grant ( 0.40% ), (2) expected warrant life of 5.5 years, (3) expected volatility of 99.50% , and (4) expected dividend yield of 0 . As of June 30, 2021, all warrants were exercised and all the underlying shares were issued. In June 2020, the Company issued to the investors warrants to purchase an aggregate of 1,680,000 ( 93,333 shares post 2024 Reverse Split) Class A Ordinary Shares at an exercise price of $1.25 ( $22.50 post 2024 Reverse Split) per Class A Ordinary Share. These warrants are exercisable at any time, and from time to time, in whole or in part, commencing on June 30, 2020 and expire on December 30, 2025. The fair value of these warrants, using the Black-Scholes option pricing model, on the date of issuance was $1,639,333 . Variables used in the option-pricing model include (1) risk-free interest rate at the date of grant ( 0.35% ), (2) expected warrant life of 5.5 years, (3) expected volatility of 104.26% , and (4) expected dividend yield of 0 . As of June 30, 2021, all warrants were exercised. In June 2021, the Company issued to some institutional investors warrants to purchase an aggregate of up to 8,814,102 (489,673 shares post 2024 Reverse Split) Class A Ordinary Shares. (the “Warrant 2021”) The warrants are subject to deemed-liquidation redemption features and are therefore classified as a liability in accordance with FASB ASC 480. Warrant liability is classified as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities. The warrant liability is re-valued at each reporting period with the change in fair value recorded through earnings. The Company established the initial fair value of the warrants at $34,860,000. During the year ended June 30, 2023, the exercise price of warrants to purchase an aggregate of up to 7,950,769 (441,710 shares post 2024 Reverse Split) Class A Ordinary Shares was adjusted to $0.80 ($14.40 post 2024 Reverse Split), and the exercise price of the remaining warrants to purchase an aggregate of up to 863,333 (47,963 shares post 2024 Reverse Split) Class A Ordinary Shares remained at $6.24 ($112.32 post 2024 Reverse Split). As of June 30, 2022 and 2023, the fair value of the warrant liability of the Warrant 2021 was $2,490,000 and $1,930,000 (¥13,995,009). During the years ended June 30, 2022 and 2023, there was change in fair value of warrant liability in an aggregate amount of $27,030,000 and $560,000, respectively. The key inputs into the Black-Scholes model were as follows at their measurement dates: June 30, June 30, Input 2023 2022 Number of warrants 47,963 $ 441,710 $ 489,673 Share price 0.34 $ 0.34 $ 0.66 Risk-free interest rate 4.41 % 4.41 % 3.00 % Volatility 127 % 127 % 109 % Exercise price 112.32 14.40 112.32 Warrant life 3.47 years 3.47 years 4.46 years On March 15, 2023, the Company issued to some institutional investors warrants to purchase an aggregate of up to 10,002,500 (555,694 shares post 2024 Reverse Split) Class A Ordinary Shares. (the “Warrant 2023”) The warrants are subject to deemed-liquidation redemption features and are therefore classified as a liability in accordance with FASB ASC 480. Warrant liability is classified as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities. The warrant liability is re-valued at each reporting period with the change in fair value recorded through earnings. The Company established the initial fair value of the warrants at $2,750,000. As of June 30, 2023, the fair value of the warrant liability of the Warrant 2023 was $2,430,000 (¥17,620,659). During the years ended June 30, 2023, there was change in fair value of warrant liability in an aggregate amount of $320,000, respectively. The key inputs into the Black-Scholes model were as follows at their measurement dates: March 15, 2023 June 30, (Initial Input 2023 measurement) Number of warrants 555,694 $ 555,694 Share price 0.34 $ 0.37 Risk-free interest rate 3.59 % 3.58 % Volatility 110 % 110 % Exercise price 14.40 14.40 Warrant life 5.22 years 5.50 years The following table presents information about the Company’s warrants that were measured at fair value on a recurring basis as of June 30, 2022 and 2023, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. Quoted Prices In Significant Other Significant Other June 30, Active Markets Observable Inputs Unobservable Inputs Description 2022 (Level 1) (Level 2) (Level 3) Liabilities: Warrant liability $ 2,490,000 $ — $ — $ 2,490,000 Quoted Prices In Significant Other Significant Other June 30, Active Markets Observable Inputs Unobservable Inputs Description 2023 (Level 1) (Level 2) (Level 3) Liabilities: Warrant liability $ 4,360,000 $ — $ — $ 4,360,000 The following table summarizes the Company’s Warrants activities and status of Warrants as of June 30, 2023: Weighted Average Average Remaining Exercise Price Period Warrants Warrants Per Share (Years) Outstanding as of June 30, 2021 489,673 $ 112.32 5.46 Issued — — Forfeited — — Exercised — — Expired — — Outstanding as of June 30, 2022 489,673 $ 112.32 4.46 Issued 555,694 14.40 5.50 Forfeited — — Exercised — — Expired — — Outstanding as of June 30 2023 1,045,367 $ 18.90 4.40

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
SHARE-BASED COMPENSATION	Jun. 30, 2023
SHARE-BASED COMPENSATION.
SHARE-BASED COMPENSATION	NOTE 18. SHARE-BASED COMPENSATION Share-Based Awards Plan The following is a summary of the share options activity: Weighted Average Exercise Price Share Options Shares Per Share Outstanding as of June 30, 2021 6,084 $ 180.36 Granted — — Forfeited (1,640) 266.40 Exercised — — Expired — — Outstanding as of June 30, 2022 4,444 $ 148.50 Granted — — Forfeited — — Exercised — — Expired — — Outstanding as of June 30, 2023 4,444 $ 148.50 The following is a summary of the status of options outstanding and exercisable as of June 30, 2023: Outstanding Options Exercisable Options Average Average Remaining Remaining Average Exercise Contractual Average Exercise Contractual Price Number life (Years) Price Number life (Years) $ 148.50 4,444 1.59 $ 148.50 4,444 1.59 4,444 The Share-based compensation expense recorded for stock options granted were all ¥Nil for the years ended June 30, 2021, 2022 and 2023, respectively. No unrecognized share-based compensation for stock options as of June 30, 2023. Restricted Shares to Senior Management As of June 30, 2023, the Company has granted restricted Class A Ordinary Shares to senior management and employees as follows: On August 21, 2018, the Company granted 391,200 (21,733 shares post 2024 Reverse Split) 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 share price $6.45 ($116.10 post 2024 Reverse Split) 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. All granted shares under this plan are fully vested on September 3, 2021. On February 28, 2022, the Company granted 1,642,331 ( 91,241 shares post 2024 Reverse Split) Class A Ordinary Shares to its employees as compensation cost for awards. The fair value of the restricted shares was $1,708,024 based on the closing share price $1.04 ( $18.72 post 2024 Reverse Split) at February 28, 2022. 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, 2023, 547,444 ( 30,414 shares post 2024 Reverse Split) shares were vested and the remaining 1,094,887 ( 60,827 shares post 2024 Reverse Split) shares will not be vested until February 28, 2025. On March 15, 2023, the Company issued 1,000,000 (55,556 shares post 2024 Reverse Split) restricted Class A Ordinary Shares with a value of $372,600 based on the closing share price of $0.3726 ($6.71 post 2024 Reverse Split) on March 15, 2023 to its employee as compensation for service to the Company on new business exploration. The service period was six months from the date of grant. All of the restricted shares were issued on March 15, 2023 and the granted shares under this plan will not be vested until September15, 2023. 188,662 (10,481 shares post 2024 Reverse Split), 128,672 (7,148 shares post 2024 Reverse Split) and 1,000,000 (55,556 shares post 2024 Reverse Split) restricted Class A restricted issued outstanding the As of June 30, 2023, the Company has granted restricted Class B Ordinary Shares to senior management as follows: On December 5, 2021, the Company granted 2,500,000 restricted shares to its management as compensation cost for awards. The fair value of the restricted shares was $4,175,000 based on the fair value of the share price $1.67 at December 5, 2021. These restricted shares vested immediately on the grant date. All granted shares under this plan are issued and outstanding on December 5, 2021. On February 28, 2022, the Company granted 1,600,000 restricted shares to its management as compensation cost for awards. The fair value of the restricted shares was $1,694,000 based on the fair value of share price $1.06 at February 28, 2022. These restricted shares vested immediately on the grant date. All granted shares under this plan are issued and outstanding on February 28, 2022. On March 9, 2023, the Company granted 3,000,000 restricted shares to its management as compensation cost for awards. The fair value of the restricted shares was $3,025,000 based on the fair value of share price $1.01 at March 9, 2023. These restricted shares vested immediately on the grant date. All granted shares under this plan are issued and outstanding on March 9, 2023. Nil, 4,100,000 and 3,000,000 restricted Class B restricted shares were issued and outstanding during the years ended June 30, 2021, 2022 and 2023, respectively, for all the plans mentioned above. The share-based compensation expense recorded for restricted shares issued for management was ¥ 6,140,037 , ¥ 39,263,485 and ¥ 26,191,707 ($ 3,612,002 ) for the years ended June 30, 2021, 2022 and 2023, respectively. The total unrecognized share-based compensation expense of restricted shares issued for management and employees as of June 30, 2023 was approximately ¥ 8.0 million ( $1.1 million), which is expected to be recognized over a weighted average period of approximately 1.46 years. Restricted Shares for services As of June 30, 2023, the Company has granted restricted Class A Ordinary Shares to consultant as follows: On November 10, 2021, the Company signed a service agreement with Starry. As the service consideration, the Company should issue 500,000 (27,778 shares post 2024 Reverse Split) restricted Class A Ordinary Shares which vested in equal monthly amounts through the end of December 31, 2021. Half of the restricted Class A Ordinary Shares was valued based on the closing share price of $1.60 ($28.80 post 2024 Reverse Split) on December 10, 2021 and the other half was valued based on the closing share price of $1.31 ($23.58 post 2024 Reverse Split) on December 31, 2021. 250,000 (13,889 shares post 2024 Reverse Split) restricted Class A Ordinary Shares were issued on December 10, 2021 and the remaining 250,000 (13,889 shares post 2024 Reverse Split) restricted Class A Ordinary Shares were issued in January 2022. On January 5, 2022, the Company signed a consulting agreement with Lintec Information Ltd (the “Consultant”). As the service consideration, the Company issued 1,050,000 (58,333 shares post 2024 Reverse Split) restricted Class A Ordinary Shares with a value of $1,354,500 based on the closing share price of $1.29 ($23.22 post 2024 Reverse Split) on January 5, 2022 to the Consultant as payment for being the Company’s investment and financial advisor for a period of one year. The vesting period of these shares was one year from the date of contract. All of the restricted shares were issued under this plan on January 5, 2022 and all of the granted shares under this plan was vested as of June 30, 2023. On March 15, 2023, the Company signed a consulting agreement with some business consultants (the “Consultants”). As the service consideration, the Company issued 1,000,000 (55,556 shares post 2024 Reverse Split) restricted Class A Ordinary Shares with a value of $372,600 based on the closing share price of $0.3726 ($6.71 post 2024 Reverse Split) on March 15, 2023 to the Consultants as compensation for acting as advisors to the Company on new business exploration. The vesting period of these shares was six months from the date of contract. All of the restricted shares were issued under this plan on March 15, 2023 and the granted shares under this plan will not be vested until September15, 2023. Nil, 1,550,000 (86,111 shares post 2024 Reverse Split) and 1,000,000 (55,556 shares post 2024 Reverse Split) restricted Class A restricted shares were issued and outstanding during the years ended June 30, 2021, 2022 and 2023, respectively, for all the plans mentioned above. The share-based compensation expense recorded for restricted shares issued for service was ¥nil, ¥8,935,920 and ¥5,805,840 ($800,662) for the years ended June 30, 2021, 2022 and 2023, respectively. The total unrecognized share-based compensation expense of restricted shares issued for service as of June 30, 2023 was ¥1,124,546 ($155,082), which is expected to be recognized over a weighted average period of approximately 0.21 years. Following is a summary of the restricted shares granted: Restricted share grants Shares Non-vested as of June 30, 2021 7,244 Granted 405,130 Vested (291,967) Non-vested as of June 30, 2022 120,407 Granted 277,778 Vested (226,247) Non-vested as of June 30, 2023 171,938 The following is a summary of the status of restricted share at June 30, 2023: Outstanding Restricted Shares Average Remaining Fair Value per Amortization Share Number Period (Years) $ 18.72 60,827 1.67 6.66 111,111 0.21 171,938

INCOME TAX

INCOME TAX	12 Months Ended
INCOME TAX	Jun. 30, 2023
INCOME TAX
INCOME TAX	NOTE 19. INCOME TAX The Company is not subject to any income taxes in the United States or the Cayman Islands and had minimal operations in jurisdictions other than the PRC. BHD and Nanjing Recon are subject to PRC’s income taxes as PRC domestic companies. The Company follows Implementing Rules for the Enterprise Income Tax Law (“Implementing Rules”), which took effect on January 1, 2008 and unified the income tax rate for domestic-invested and foreign-invested enterprises at 25%. Nanjing Recon was approved as a government-certified high-technology company and is subject to a reduced income tax rate of 15% through November 30, 2019. Nanjing Recon reapplied for a high-technology company certificate, and the new certificate was approved as November 22, 2019 and expired on November 22, 2022. Nanjing Recon reapplied for a high-technology company certificate, and the new certificate was approved as October 12, 2022 and will expire on October 12, 2025. 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 expired on October 31, 2021. BHD reapplied for a high-technology company certificate, and the new certificate was approved as December 17, 2021 and will expire on December 17, 2024. Income (loss) before provision for income taxes consisted of: For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Outside China areas ¥ 4,011,449 ¥ 113,741,972 ¥ (34,038,460) $ (4,694,118) China (30,402,528) (20,066,451) (27,419,593) (3,781,335) Total ¥ (26,391,079) ¥ 93,675,521 ¥ (61,458,053) $ (8,475,453) Deferred tax assets, net is composed of the following: June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Deferred tax assets: Allowance for credit losses ¥ 1,781,573 ¥ 1,019,592 $ 140,608 Impairment for inventory 59,913 90,322 12,456 Net operating loss carryforwards 16,511,047 23,290,731 3,211,938 Subtotal 18,352,533 24,400,645 3,365,002 Less: Valuation allowance (17,193,874) (24,107,246) (3,324,540) Total deferred tax assets, net 1,158,659 293,399 40,462 Deferred tax liabilities: 　　 Accelerated amortization of intangible assets (119,271) (146,511) (20,205) Gain on the previously held equity method investment (146,888) (146,888) (20,257) Recognition of customer relationship arising from business combinations (892,500) — — Total deferred tax liabilities (1,158,659) (293,399) (40,462) Deferred tax assets, net ¥ — ¥ — $ — The Company’s subsidiaries, VIEs and VIEs’ subsidiaries incurred a cumulative net operating loss (“NOL”) which may reduce future corporate taxable income. As of June 30, 2022, the cumulative NOL was approximately ¥94.6 million. During the year ended June 30, 2023, the Company’s subsidiaries, VIEs and VIEs’ subsidiaries incurred an additional NOL carryforwards of approximately ¥39.0 million ($5.4 million), resulting in a cumulative NOL carryforwards of approximately ¥133.6 million ($18.4 million) as of June 30, 2023. The NOL will expire over the next five years as follows: Twelve months ending June 30, RMB US Dollars 2024 ¥ 13,146,922 $ 1,813,043 2025 10,484,902 1,445,934 2026 19,617,124 2,705,325 2027 32,533,742 4,486,608 2028 57,811,664 7,972,593 Total ¥ 133,594,354 $ 18,423,503 Following is a reconciliation of income tax expense (benefit) at the effective rate to income tax at the calculated statutory rates: For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Income tax (benefits) expenses calculated at PRC statutory rates ¥ (6,597,770) ¥ 23,418,880 ¥ (15,364,513) $ (2,118,863) Nondeductible expenses and others 338,058 263,655 539,247 74,366 Effect of tax rate differential 626,245 (24,061,020) 7,949,048 1,096,224 Benefit of revenue exempted from enterprise income tax (57,250) (1,799) (18,814) (2,595) Change in valuation allowances 5,264,804 (233,590) 6,913,371 953,397 Tax refund (98,338) — — — Income tax expenses (benefit) ¥ (524,251) ¥ (613,874) ¥ 18,339 $ 2,529 The Company’s income tax expense (benefit) is comprised of the following: For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Current income tax provision (benefit) ¥ (98,338) ¥ 10,214 ¥ 18,339 $ 2,529 Deferred income tax benefit (425,913) (624,088) — — Expense (benefit) for income tax ¥ (524,251) ¥ (613,874) ¥ 18,339 $ 2,529

NON-CONTROLLING INTEREST

NON-CONTROLLING INTEREST	12 Months Ended
NON-CONTROLLING INTEREST	Jun. 30, 2023
NON-CONTROLLING INTEREST.
NON-CONTROLLING INTEREST	NOTE 20. NON-CONTROLLING INTEREST Non-controlling interest consisted of the following: As of June 30, 2022 Nanjing Gan Su Qinghai BHD Recon BHD BHD FGS Total Total RMB RMB RMB RMB RMB RMB US Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 4,805,000 ¥ — ¥ — ¥ 6,656,000 $ 993,771 Capital contribution receivable due from non-controlling Interest — — — — (48,870,000) (48,870,000) (7,296,511) Unappropriated retained earnings (deficit) 3,477,493 3,616,001 (4,972,129) (1,520,225) (893,405) (292,265) (43,635) Accumulated other comprehensive loss (18,850) (11,853) — — — (30,703) (4,584) Valuation increase shared by minority shareholders — — — — 34,790,000 34,790,000 5,194,303 Total non-controlling interests ¥ 5,109,643 ¥ 3,804,148 ¥ (167,129) ¥ (1,520,225) (14,973,405) ¥ (7,746,968) $ (1,156,656) As of June 30, 2023 Nanjing Gan Su Qinghai BHD Recon BHD BHD FGS Total Total RMB RMB RMB RMB RMB RMB US Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 4,805,000 ¥ — ¥ — ¥ 6,656,000 $ 917,904 Capital contribution receivable due from non-controlling Interest — — —　 — (48,870,000) (48,870,000) (6,739,481) Unappropriated retained earnings (deficit) 3,477,494 3,616,001 (6,336,893) (1,561,196) (1,796,762) (2,601,356) (358,742) Accumulated other comprehensive loss (18,850) (11,853) — — —　 (30,703) (4,234) Valuation increase shared by minority shareholders —　 —　 — — 34,790,000 34,790,000 4,797,760 Total non-controlling interests ¥ 5,109,644 ¥ 3,804,148 ¥ (1,531,893) ¥ (1,561,196) (15,876,762) ¥ (10,056,059) $ (1,386,793)

CONCENTRATIONS

CONCENTRATIONS	12 Months Ended
CONCENTRATIONS	Jun. 30, 2023
CONCENTRATIONS
CONCENTRATIONS	NOTE 21. CONCENTRATIONS Credit risk As of June 30, 2022 and 2023, approximately ¥20.3 million and ¥45.5 million ($6.3 million) of the Company’s cash was on deposit at financial institutions in the PRC, respectively. Per PRC regulations, the maximum insured bank deposit amount is RMB500,000 for each financial institution. The Company’s total unprotected cash held in banks amounted to approximately ¥17.8 million and ¥40.0 million ($5.5 million) as of June 30, 2022 and 2023, respectively. As of June 30, 2022 and 2023, approximately ¥297.2 million and ¥240.3 million ($33.1 million) of the Company’s cash was on deposit at financial institutions in the Hong Kong, respectively. Per Hong Kong regulations, the maximum insured bank deposit amount is HKD 500,000 for each financial institution. The Company’s total unprotected cash held in banks amounted to approximately ¥296.8 million and ¥238.8 million ($32.9 million) as of June 30, 2022 and 2023, respectively. Customer concentration risk For the year ended June 30, 2021, CNPC represented 39%, SINOPEC represented 22% of the Company’s revenue, respectively. At June 30, 2021, CNPC accounted for 29%, SINOPEC represented 13% and another two customers accounted for 19% and 14% of the Company’s accounts receivable, net, respectively. For the year ended June 30, 2022, CNPC represented 50%, SINOPEC represented 28%, and another customer represented 10% of the Company’s total revenue, respectively. At June 30, 2022, CNPC accounted for 49%, SINOPEC represented 22% and another customer accounted for 14% of the Company’s accounts receivable, net, respectively. For the year ended June 30, 2023, CNPC represented 43% and SINOPEC represented 32% of the Company’s total revenue, respectively. At June 30, 2023, CNPC accounted for 31%, SINOPEC represented 27% and another two customers accounted for 11% and 10% of the Company’s accounts receivable, net, respectively.

COMMITMENTS AND CONTINGENCY

COMMITMENTS AND CONTINGENCY	12 Months Ended
COMMITMENTS AND CONTINGENCY	Jun. 30, 2023
COMMITMENTS AND CONTINGENCY
COMMITMENTS AND CONTINGENCY	NOTE 22. COMMITMENTS AND CONTINGENCY (a) Contingency Severance payments 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, 2023, the Company estimated its severance payments of approximately ¥7.0 million ($1.0 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. Legal contingencies On December 1, 2021, Henan Puxinfangfu Construction Engineering Co., Ltd. (“the Plaintiff”) submitted a Civil Complaint to the People’s Court of Suzhou District, Jiuquan City, Gansu Province (the “Court”) against Gan Su BHD. The complaint requested that Gan Su BHD shall make the compensation to the Plaintiff for the outstanding trade payable plus the interest, and the litigation fee in this case shall be borne by Gan Su BHD. The Plaintiff also applied for property preservation before litigation to preserve the bank account of the Company. On December 1, 2021, the Court issued a judgement and approximately ¥0.7 million ($0.1 million) of Gan Su BHD’s bank balance was became restricted for one year. On April 7, 2022 and June 9, 2022, the Court issued first and second judgement which stated that the case to transfer to People’s Court of Yumen for jurisdiction. As of June 30, 2023, Gan Su BHD recorded ¥1.82 million (approximately $0.3 million) account payable due to the Plaintiff, and the compensation claimed by the Plaintiff was approximately ¥2.0 million (approximately $0.3 million). On January 9, 2023, the People’s Court of Yumen City, Gansu Province issued its civil judgement, pursuant to which the Company is required to pay the Plaintiff a settlement payment totaling approximately ¥1.80 million (approximately $0.3 million), including the money compensation and interests. As of the date of this report, the Company has paid ¥855,197 (approximately $117,937) to the Plaintiff. On April 30, 2023, Jiuquan Third Construction and Installation Engineering Company (“the Plaintiff”) submitted a Civil Complaint to the People’s Court of Yumen, Jiuquan City, Gansu Province against Gan Su BHD. The complaint requested that Gan Su BHD shall make the compensation to the Plaintiff for the outstanding trade payable plus the interest, and the litigation fee in this case shall be borne by Gan Su BHD. On August 25, 2023, the Company entered into a Settlement Agreement with the Plaintiff, pursuant to which the Company needs to pay the Plaintiff a total sum of ¥2.8 million (approximately $0.38 million) as settlement payment, including the money compensation and interests. Among which, ¥1.0 million (approximately $0.14 million) is required to be paid by September 25, 2023, ¥1.0 million (approximately $0.14 million) is required to be paid by October 25, 2023, and the remaining balance is required to be paid by November 25, 2023. As of the date of this report, the Company has paid ¥1.0 million (approximately $0.14 million) to the Plaintiff. (b) Purchase commitment The total future minimum purchase commitment under the non-cancellable purchase contracts as of June 30, 2023 are payable as follows: Twelve months ending June 30, RMB US Dollars 2024 ¥ 22,395,958 $ 3,088,544 2025 300,000 41,372 2026 150,000 20,686 Total minimum payments required ¥ 22,845,958 $ 3,150,602 (c) Office Leases Commitment - short term The Company entered into several non-cancellable operating lease agreements for office spaces. Future payments under such leases were included in lease liabilities as disclosed in Note 10, other than those within under lease agreements within one year which are disclosed as follows as of June 30, 2023: Twelve months ending June 30, RMB US Dollars 2024 ¥ 336,527 $ 46,409 Total ¥ 336,527 $ 46,409

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	12 Months Ended
RELATED PARTY TRANSACTIONS AND BALANCES	Jun. 30, 2023
RELATED PARTY TRANSACTIONS AND BALANCES
RELATED PARTY TRANSACTIONS AND BALANCES	NOTE 23. RELATED PARTY TRANSACTIONS AND BALANCES Sales to a related party – For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Urumqi Yikeli Automatic Control Equipment Co., Ltd. * ¥ 85,657 ¥ — ¥ — $ — Total revenue from a related party ¥ 85,657 ¥ — ¥ — $ — * The noncontrolling shareholder of Gan Su BHD owns 10% interests in Urumqi Yikeli Automatic Control Equipment Co., Ltd. Prepaid expenses - related parties June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Founders ¥ 275,000 ¥ — $ — Total prepaid expenses - related parties ¥ 275,000 ¥ — $ — Leases from related parties - The details of leases from related parties are as below: Monthly Rent Monthly Rent Lessee Lessor Rent Period RMB US Dollars Nanjing Recon One of the founders April 1, 2022 - March 31, 2024 ¥ 40,000 $ 5,516 BHD One of the founders January 1, 2023- Dec 31, 2023 31,667 4,367 BHD One of the founders January 1, 2023 - Dec 31, 2023 22,500 3,103 As of June 30, 2022, the operating lease ROU assets and corresponding operating lease liabilities of leases from related parties was ¥765,241 and ¥765,241, respectively. As of June 30, 2023, the operating lease ROU assets and corresponding operating lease liabilities of leases from related parties was ¥335,976 ($46,333) and ¥335,976 ($46,333), respectively. Guarantee/collateral related parties

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
VARIABLE INTEREST ENTITIES	Jun. 30, 2023
VARIABLE INTEREST ENTITIES
VARIABLE INTEREST ENTITIES	NOTE 24. 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 and their subsidiaries is as follows: June 30, 2022 June 30, 2023 June 30, 2023 RMB RMB US Dollars ASSETS Current Assets Cash ¥ 18,033,666 ¥ 37,661,118 $ 5,092,821 Restricted cash 723,560 731,545 100,885 Notes receivable 10,828,308 3,742,390 516,099 Accounts receivable, net 22,577,980 27,453,415 3,785,999 Inventories, net 3,894,369 6,330,701 873,044 Other receivables, net 5,500,981 11,618,275 1,602,233 Loans to third parties 30,270,563 37,770,188 5,208,747 Purchase advances, net 178,208 1,592,761 219,652 Contract costs, net 33,858,820 49,572,685 6,836,386 Prepaid expenses 165,120 121,329 16,732 Prepaid expenses- related parties 275,000 — — Total current assets 126,306,575 176,594,407 24,252,598 　　　 Property and equipment, net 25,474,162 24,752,864 3,413,576 Construction in progress 239,739 — — Intangible assets, net 5,950,000 — — Long-term other receivables, net 1,564,381 3,640 502 Goodwill 4,730,002 — — Operating lease right-of-use assets 6,666,759 2,654,900 366,127 Total Assets ¥ 170,931,618 ¥ 204,005,811 $ 28,032,803 LIABILITIES Short-term bank loans ¥ 10,000,000 ¥ 12,451,481 $ 1,717,138 Accounts payable 12,826,108 10,791,721 1,488,246 Other payables 1,469,761 3,904,135 538,405 Other payable- related parties 1,061,081 1,356,915 187,127 Contract liabilities 2,001,277 2,748,361 379,017 Accrued payroll and employees’ welfare 1,213,040 1,048,061 144,534 Intercompany payables* 194,373,010 263,935,922 36,398,428 Taxes payable 2,211,190 1,163,237 160,418 Short-term borrowings - related parties 9,009,156 20,018,222 2,760,639 Long-term borrowings - related party - current portion 999,530 — — Operating lease liabilities - current 3,892,774 3,066,146 422,841 Total current liabilities 239,056,927 320,484,201 44,196,793 Operating lease liabilities - non-current 2,184,635 25,144 3,468 Contract liabilities - non-current 106,000 — — Long-term borrowings - related party 5,511,076 — — Deferred tax liability 187,972 — — Total Liabilities ¥ 247,046,610 ¥ 320,509,345 $ 44,200,261 *Intercompany payables are eliminated upon consolidation. The financial performance of VIEs reported in the consolidated statement of operations and comprehensive loss for the year ended June 30, 2021 includes revenue of ¥47,817,378, operating expenses of ¥36,704,840, and net loss of ¥29,407,210. The financial performance of VIEs and their subsidiaries reported in the consolidated statement of operations and comprehensive income for the year ended June 30, 2022 includes revenue of ¥83,777,571 ($12,508,368), operating expenses of ¥35,725,237 ($5,333,938), and net loss of ¥18,180,305 ($2,714,401). The financial performance of VIEs and their subsidiaries reported in the consolidated statement of operations and comprehensive income (loss) for the year ended June 30, 2023 includes revenue of ¥67,114,378 ($9,255,496), operating expenses of ¥35,547,439 ($4,902,216), and net loss of ¥26,349,629 ($3,633,780).

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
SEGMENT REPORTING	Jun. 30, 2023
SEGMENT REPORTING
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 four operating segments: automation product and software, equipment and accessories, oilfield environmental protection and platform outsourcing services. The following tables present summary information by segment for the years ended June 30, 2021, 2022 and 2023, respectively: For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Automation product and software ¥ 18,535,166 ¥ 31,944,055 ¥ 26,628,216 $ 3,672,199 Equipment and accessories 15,791,623 17,159,381 16,248,197 2,240,729 Oilfield environmental protection 11,043,979 25,335,363 19,116,560 2,636,294 Platform outsourcing services 2,567,807 9,338,772 5,121,405 706,274 Total revenue ¥ 47,938,575 ¥ 83,777,571 ¥ 67,114,378 $ 9,255,496 For the year ended June 30, 2023 Automation Equipment Oilfield Platform product and and environmental outsourcing software accessories protection services Total RMB RMB RMB RMB RMB Revenue ¥ 26,628,216 ¥ 16,248,197 ¥ 19,116,560 ¥ 5,121,405 ¥ 67,114,378 Cost of revenue and related tax 23,610,281 8,945,796 13,955,673 1,735,645 48,247,395 Gross profit ¥ 3,017,935 ¥ 7,302,401 ¥ 5,160,887 ¥ 3,385,760 ¥ 18,866,983 Depreciation and amortization ¥ 857,332 ¥ 689,552 ¥ 2,077,165 ¥ 59,537 ¥ 3,683,586 Total capital expenditures ¥ 803,311 ¥ 46,681 ¥ 75,728 ¥ 14,953 ¥ 940,673 Timing of revenue recognition Goods transferred/service rendered at a point in time ¥ 18,640,699 ¥ 16,248,197 ¥ 19,116,560 ¥ 4,470,462 ¥ 58,475,918 Services rendered over time 7,987,517 — — 650,943 8,638,460 Total revenue ¥ 26,628,216 ¥ 16,248,197 ¥ 19,116,560 ¥ 5,121,405 ¥ 67,114,378 For the year ended June 30, 2022 Automation Equipment Oilfield Platform product and and environmental outsourcing software accessories protection services Total RMB RMB RMB RMB RMB Revenue ¥ 31,944,055 ¥ 17,159,381 ¥ 25,335,363 ¥ 9,338,772 ¥ 83,777,571 Cost of revenue and related tax 29,824,014 10,479,615 20,222,446 3,826,759 64,352,834 Gross profit ¥ 2,120,041 ¥ 6,679,766 ¥ 5,112,917 ¥ 5,512,013 ¥ 19,424,737 Depreciation and amortization ¥ 421,619 ¥ 814,960 ¥ 2,045,601 ¥ 57,688 ¥ 3,339,868 Total capital expenditures ¥ 14,823 ¥ 21,456 ¥ 768,795 ¥ 194,578 ¥ 999,652 Timing of revenue recognition Goods transferred/service rendered at a point in time ¥ 31,944,055 ¥ 17,159,381 ¥ 15,779,825 ¥ 9,338,772 ¥ 74,222,033 Services rendered over time — — 9,555,538 — 9,555,538 Total revenue ¥ 31,944,055 ¥ 17,159,381 ¥ 25,335,363 ¥ 9,338,772 ¥ 83,777,571 For the year ended June 30, 2021 Automation Equipment Oilfield Platform product and and environmental outsourcing software accessories protection services Total RMB RMB RMB RMB RMB Revenue ¥ 18,535,166 ¥ 15,791,623 ¥ 11,043,979 ¥ 2,567,807 ¥ 47,938,575 Cost of revenue and related tax 19,942,541 11,264,971 8,045,567 1,470,468 40,723,547 Gross profit ¥ (1,407,375) ¥ 4,526,652 ¥ 2,998,412 ¥ 1,097,339 ¥ 7,215,028 Depreciation and amortization ¥ 277,496 ¥ 851,612 ¥ 2,000,952 ¥ 20,729 ¥ 3,150,789 Total capital expenditures ¥ 26,761 ¥ 136,224 ¥ 315,944 ¥ 43,487 ¥ 522,416 Timing of revenue recognition Goods transferred/service rendered at a point in time ¥ 18,535,166 ¥ 15,791,623 ¥ 9,654,418 ¥ 2,567,807 ¥ 46,549,014 Services rendered over time — — 1,389,561 — 1,389,561 Total revenue ¥ 18,535,166 ¥ 15,791,623 ¥ 11,043,979 ¥ 2,567,807 ¥ 47,938,575 June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Total assets: Automation product and software ¥ 147,377,607 ¥ 167,009,315 $ 23,031,642 Equipment, accessories and others 149,876,933 170,809,759 23,555,743 Oilfield environmental protection 107,755,500 107,393,609 14,810,256 Platform outsourcing services 85,232,044 86,611,894 11,944,323 Total assets ¥ 490,242,084 ¥ 531,824,577 $ 73,341,964

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 26. SUBSEQUENT EVENTS These consolidated financial statements were approved by management and available for issuance on October 27, 2023, and the Company has evaluated subsequent events through this date. On October 16, 2023, 1,175,000 pre-funded warrants issued on March 15, 2023 were exercised by the investor Sabby volatility warrant master fund, LTD. and 1,175,000 Class A Ordinary shares were issued and being outstanding. The hazardous waste operation permit originally held by Gansu BHD expires on July 26, 2023. Gansu BHD is currently renewing this permit.

CONDENSED FINANCIAL INFORMATION

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY	12 Months Ended
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY	Jun. 30, 2023
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY	NOTE 27. CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY Pursuant to the requirements of Rules 12-04(a), 5-04(c), and 4-08(e)(3) of Regulation S-X, the condensed financial information of the parent company shall be filed when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. The Company performed a test on the restricted net assets of consolidated subsidiaries in accordance with such requirements and concluded that it was applicable to the Company as the restricted net assets of the Company’s PRC subsidiary and VIEs exceeded 25% of the consolidated net assets of the Company. Therefore, the condensed financial statements for the parent company are included herein. For purposes of the above test, restricted net assets of consolidated subsidiaries and VIEs shall mean that amount of the Company’s proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries and VIEs in the form of loans, advances, or cash dividends without the consent of a third party. The condensed financial information of the parent company has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the parent company used the equity method to account for investment in its subsidiaries and VIEs. Such investment is presented on the condensed balance sheets as “Investment in subsidiaries and VIEs” and the respective profit or loss as “Equity in earnings of subsidiaries and VIEs” on the condensed statements of income. The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The Company did not pay any dividend for the periods presented. As of June 30, 2022 and 2023, there were no material contingencies, significant provisions for long-term obligations, or guarantees of the Company, except for those which have been separately disclosed in the consolidated financial statements, if any. RECON TECHNOLOGY, LTD PARENT COMPANY BALANCE SHEETS (UNAUDITED) June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars ASSETS Cash ¥ 296,838,959 ¥ 236,146,589 $ 32,566,104 Due from intercompany* 205,224,961 291,525,426 40,203,195 Other current assets 20,364,424 80,036,017 11,037,471 Total Current Assets 522,428,344 607,708,032 83,806,770 Investment in subsidiaries and VIEs (77,566,835) (122,920,490) (16,951,511) Total Assets ¥ 444,861,509 ¥ 484,787,542 ¥ 66,855,259 LIABILITIES AND SHAREHOLDERS’ EQUITY Other current liabilities 7,552,452 3,964,912 546,786 Total Current Liabilities 7,552,452 3,964,912 546,786 　　 Warrant liability 16,677,328 31,615,668 4,360,000 Total Liabilities 24,229,780 35,580,580 4,906,786 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS’ EQUITY Class A ordinary shares, $0.0001 U.S. dollar par value, 500,000,000 shares authorized; 1,704,766 shares and 2,306,295 shares issued outstanding 19,461 26,932 3,714 Class B ordinary shares, $0.0001 U.S. dollar par value, 80,000,000 shares authorized; 4,100,000 shares and 7,100,000 shares issued outstanding 2,604 4,693 647 Additional paid-in capital** 516,426,799 580,340,061 80,032,554 Accumulated deficit (107,124,596) (166,291,897) (22,932,701) Accumulated other comprehensive income 11,307,461 35,127,173 4,844,259 Total Shareholders’ Equity 420,631,729 449,206,962 61,948,473 　　　 Total Liabilities and Shareholders’ Equity ¥ 444,861,509 ¥ 484,787,542 $ 66,855,259 * Due from intercompany are eliminated upon consolidation. ** Retrospectively restated for the 1 RECON TECHNOLOGY, LTD PARENT COMPANY STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Revenue ¥ 121,197 ¥ — ¥ — $ — Cost of revenue 97,024 — — — Gross profit 24,173 — — — General and administrative expenses 29,502,464 62,918,622 54,494,219 7,515,097 Provision for credit losses 1,933,986 1,923,382 (4,141,588) (571,151) Loss from operations (31,412,277) (64,842,004) (50,352,631) (6,943,946) Fair value changes of warrants liability 35,365,792 174,485,575 6,116,000 843,435 Other income 320,235 4,105,116 10,108,783 1,394,065 Equity in loss of subsidiaries, VIEs and VIEs’ subsidiaries (27,106,484) (18,161,892) (25,039,453) (3,453,098) 　　 Net income (loss) ¥ (22,832,734) ¥ 95,586,795 ¥ (59,167,301) $ (8,159,544) 　 Foreign currency translation adjustment (850,895) 9,332,625 23,819,712 3,284,889 Comprehensive income (loss) attributable to the Company ¥ (23,683,629) ¥ 104,919,420 ¥ (35,347,589) $ (4,874,655) RECON TECHNOLOGY, LTD PARENT COMPANY STATEMENTS OF CASH FLOWS (UNAUDITED) For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) ¥ (22,832,734) ¥ 95,586,795 ¥ (59,167,301) $ (8,159,544) Adjustments to reconcile net cash flows from operating activities: 　　 Changes in warrants liabilities (35,365,792) (174,485,575) (6,116,000) (843,435) Amortization of offering cost of warrants 12,584,024 — 1,483,306 204,557 Provision for doubtful accounts 1,933,986 1,923,382 (4,141,588) (571,151) Restricted shares issued for management and employees 6,140,037 39,263,485 26,191,707 3,612,002 Income (loss) from investment in unconsolidated entity 15,411 (15,411) — — Restricted shares issued for services — 8,935,919 5,805,840 800,662 Equity in earnings of subsidiaries and VIEs 27,106,484 18,161,892 25,039,453 3,453,098 Other current assets (474,891) (111,521) (8,396,555) (1,157,938) Other current liabilities 4,776,846 (5,090,698) (3,587,540) (494,744) 　　 Net cash used in operating activities (6,116,629) (15,831,732) (22,888,678) (3,156,493) Cash flows from investing activities: Repayments from loans to third parties 1,950,000 166,405,032 32,413,311 4,470,000 Payments made for loans to third parties (50,288,458) (137,391,510) (79,546,761) (10,970,000) Due from intercompany, VIEs and VIEs’ subsidiaries (29,505,002) (55,569,342) (86,300,464) (11,901,378) 　　　 Net cash used in investing activities (77,843,460) (26,555,820) (133,433,914) (18,401,378) Cash flows from financing activities: Proceeds from warrants issued with common share 212,051,414 — 17,493,069 2,412,405 Proceeds from sale of common share, net of issuance costs 81,091,141 — 28,174,993 3,885,509 Proceeds from sale of prefunded warrants, net of issuance costs 30,276,569 93,321 3,750,282 517,188 Proceeds from share issuance for warrants exercised 21,130,035 — — — Proceeds from issuance of convertible notes 42,014,616 — — — Net cash provided by financing activities 386,563,775 93,321 49,418,344 6,815,102 　　 Effect of exchange rate fluctuation on cash 274,149 14,016,375 46,211,878 6,372,909 　　　 Net increase (decrease) in cash 302,877,835 (28,277,856) (60,692,370) (8,369,860) 　　　 Cash, beginning of year 22,238,980 325,116,815 296,838,959 40,935,964 　　 Cash, end of year ¥ 325,116,815 ¥ 296,838,959 ¥ 236,146,589 $ 32,566,104 Non-cash investing and financing activities Issuance of common share in exchange of shares of Starry, net of issuance costs ¥ 27,675,450 ¥ — ¥ — $ — Cancellation of ordinary shares issued to Starry ¥ — ¥ (27,675,450) ¥ — $ — Conversion of convertible notes to 9,225,338 shares of ordinary shares ¥ 42,435,669 ¥ — ¥ — $ —

OTHER EVENTS

OTHER EVENTS	12 Months Ended
OTHER EVENTS	Jun. 30, 2023
OTHER EVENTS
OTHER EVENTS	NOTE 28. OTHER EVENTS Reverse stock split On March 29, 2024, the Company’s shareholders approved to effect a reverse stock split of the Company’s Class A Ordinary Shares at the ratio of one-for- eighteen eighteen All share and earnings per-share information have been retroactively adjusted to reflect the 2024 Reverse-Split and 2024 change in capital structure. The Company had 500,000.000 authorized Class A Ordinary Shares, par value of $0.0001, of which 1,704,766 and 2,306,295 Class A Ordinary Shares were issued and outstanding as of June 30, 2022 and 2023, retrospectively and respectively. The Company had 80,000.000

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2023
SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation
Principles of Consolidation	Principles of Consolidation
Variable Interest Entities	Variable Interest Entities Assets recognized as a result of consolidating VIEs do not represent additional assets that could be used to satisfy claims against the Company’s general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets; rather, they represent claims against the specific assets of the consolidated VIEs.
Currency Translation	Currency Translation
Estimates and Assumptions	Estimates and Assumptions 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 credit losses 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 three levels of inputs are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable. Accounting guidance also describes three main approaches to measure the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. The carrying amounts reported in the consolidated balance sheets for short-term investments, accounts receivable, notes receivable, other receivables, purchase advances, contract cost, accounts payable, other payable, accrued liabilities, contract liabilities, short-term bank loans and short-term borrowings – related parties approximate fair value because of the immediate or short-term maturity of these financial instruments. The carrying amounts of the long-term borrowings due to related party approximate its fair value because the stated interest rates approximate rates currently offered by financial institutions for similar debt instruments of comparable credit risk and maturities.
Cash	Cash
Restricted cash	Restricted cash
Short-term investments	Short-term investments -
Accounts Receivables, Net, Other Receivables, Net and Loan to Third Parties	Accounts Receivables, Net, Other Receivables, Net and Loan to Third Parties The adoption of the credit loss accounting standard has no material impact on the Company’s consolidated financial statements as of July 1, 2020. Accounts receivable, other receivables and loan to third parties are recognized and carried at carrying amount less an allowance for credit loss, if any. The Company maintains an allowance for credit losses resulting from the inability of its trade and non-trade customers (“customers”) to make required payments based on contractual terms. The Company reviews the collectability of its receivables on a regular and ongoing basis. The Company has also included in calculation of allowance for credit losses, the potential impact of the COVID-19 pandemic on our customers businesses and their ability to pay their accounts receivable, other receivables and loan to third parties. After all attempts to collect a receivable have failed, the receivable is written off against the allowance. The Company also considers external factors to the specific customer, including current conditions and forecasts of economic conditions, including the potential impact of the COVID-19 pandemic. In the event the Company recovers amounts previously reserved for, the Company will reduce the specific allowance for credit losses. The net recovery of provision for credit loss for the year ended June 30, 2023 increased by approximately ¥7.3 million ($1.0 million) from the year ended June 30, 2022. The Company evaluates the creditworthiness of all of its customers individually before accepting them and continuously monitors the recoverability of accounts receivable, other receivables and loan to third parties. If there are any indicators that a customer may not make payment, the Company may consider making provision for non-collectability for that particular customer. At the same time, the Company may cease further sales or services to such customer. The following are some of the factors that the Company considers in determining whether to discontinue sales, record as contra revenue or allowance for credit losses: ● the oil price and fluctuation of the overall oil industry; ● the customer fails to comply with its payment schedule; ● the customer is in serious financial difficulty; ● a significant dispute with the customer has occurred regarding job progress or other matters; ● the customer breaches any of the contractual obligations; ● the customer appears to be financially distressed due to economic or legal factors; ● the business between the customer and the Company is not active; and ● other objective evidence indicates non-collectability of the accounts receivable, other receivables and loan to third parties. The Company considers the following factors when determining whether to permit a longer payment period or provide other concessions to customers: ● the customer’s past payment history; ● the customer’s general risk profile, including factors such as the customer’s size, age, and public or private status; ● macroeconomic conditions that may affect a customer’s ability to pay; and ● the relative importance of the customer relationship to the Company’s business.
Notes Receivable	Notes Receivable
Purchase Advances, Net	Purchase Advances, Net -
Inventories, Net	Inventories, Net
Property and Equipment, Net	Property and Equipment, Net two Items Useful life Motor vehicles 3-5 years Office equipment and fixtures 2-5 years Production equipment, including: Equipment 10 years Utilities and Facilities 20 years Leasehold improvement Lesser of useful life and lease term Construction in progress includes property and equipment in the course of construction for production or for its own use purposes. Construction in progress is carried at cost less any recognized impairment loss. Construction in progress is classified to the appropriate category of property and equipment when completed and ready for intended use. Depreciation of these assets, on the same basis as other property assets, commences when the assets are ready for their intended use.
Goodwill	Goodwill -
Intangible Assets, Net	Intangible Assets, Net –
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets
Long-term Investments	Long-term Investments - Equity Investments with Readily Determinable Fair Values - Equity Investments without Readily Determinable Fair Values - Equity Investments Accounted for Using the Equity Method - An impairment charge is recorded if the carrying amount of the investment exceeds its fair value and this condition is determined to be other-than-temporary. The Company recorded no impairment loss on its equity method investment during the years ended June 30, 2021, 2022 and 2023. The Company recorded a ¥266,707 investment loss, ¥15,411 investment income and nil investment income on its equity method investment in unconsolidated entities during the years ended June 30, 2021, 2022 and 2023, respectively.
Business Combinations	Business Combinations - In a business combination considered as a step acquisition, the Company remeasures the previously held equity interest in the acquiree immediately before obtaining control at its acquisition-date fair value and the re-measurement gain or loss, if any, is recognized in the consolidated statements of operation and comprehensive income (loss).
Non-controlling Interests	Non-controlling Interests -
Revenue Recognition	Revenue Recognition Disaggregation of Revenue Revenue 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 revenue 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 revenue and cash flows are affected by economic factors and delivery conditions of products and fulfillment of obligations. The Company’s disaggregation of revenue for the years ended June 30, 2021, 2022 and 2023 is disclosed in Note 25. Automation Products and Software; Equipment, Accessories and Others The Company generates revenue primarily through delivery of standard or customized products and equipment, including automation products, furnaces and related accessories. Revenue is recognized when products are delivered, and acceptance reports are signed off by customers. The sale of automation products or specialized equipment when combined with services represent a single performance obligation for the development and construction of a single asset. The Company may also provide design or installation services to clients as there may be such obligation in contracts. The promises to transfer the goods and provision of services are not separately identifiable, which is evidenced by the fact that the Company provides significant services of integrating the goods and services into a single deliverable for which the customer has contracted. For such sales arrangements, the Company recognizes revenue using input method, based on the relationship between actual costs incurred compared to the total estimated costs for the contract. Such method is adopted because the Company believes it best depicts the transfer of goods and services to the customer. Oilfield Environmental Protection Service The Company provides wastewater treatment products and related service to oilfield and chemical industry companies and generates revenue from special equipment, self-developed chemical products and supporting service, transfer. Revenue is recognized when contract obligations have been performed. For such sales arrangements, the Company recognizes revenue when products are delivered, on-site assistance services rendered, and acceptance reports are signed off by customers. Such method is adopted because the Company believes it best depicts the transfer of services to the customer. The Company provides oily sludge disposal and treatment services to oilfield companies and generates revenue from treatment services of oily sludge. Revenue is recognized when contract obligations have been performed. For such sales arrangements, the Company recognizes revenue using output method, based on the percentage-of-completion method. Such method is adopted because the Company believes it best depicts the transfer of services to the customer. Platform Outsourcing Services The Company provides online platform development, maintenance, and operation services to gas stations around different provinces in China to complete online transactions; and API (application programming interface) port export service and related maintain services to business cooperators of different industries that may have transactions in the refueling scenario during the service contract period. The Company considered these performance obligations to be indistinguishable contractual performance obligations. As the Company has no right to get the compensation for any performances completed while not accepted by its customers, the Company can only recognize revenue at a point in time, which is when the online transaction is completed. The Company’s services enable terminal users of different mobile apps run by its clients or cooperators to complete refueling in cash or online through different payment channels, when each transaction, including refueling and payment, is completed, the Company is entitled to charge with pre-settled rates of each transaction amount as service fee and recognize the underlying amount as revenue. Related fees are generally billed monthly, based on a per transaction basis. Arrangements with Multiple Performance Obligations Contracts with customers may include multiple performance obligations. For such arrangements, the Company will allocate revenue to each performance obligation based on its relative standalone selling price. We generally determine standalone selling prices based on the prices charged to customers or using expected cost-plus margin. Contract Balances The Company’s contract balances include contract costs, net and contract liabilities from contracts with customers, and the following table provides information about contract balances: June 30, June 30, June 30 2022 2023 2023 RMB RMB US Dollars Contract costs, net ¥ 33,858,820 ¥ 49,572,685 $ 6,836,386 Contract liabilities ¥ 2,107,277 ¥ 2,748,365 $ 379,017 Contract Costs, Net - Pre-Contract Costs - Executed Contract Costs Contract Liabilities Performance Obligations - Amounts billed to customers for shipping and handling activities to fulfill the Company’s promise to transfer the goods are included in revenue, 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 income (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, 2023. The amount of revenue recognized during the years ended June 30, 2021, 2022 and 2023 that was previously included within contract liability balances was ¥1,899,561, ¥7,390,276 and ¥1,901,277 ($262,198), respectively. Practical Expedients Elected Incremental Costs of Obtaining a Contract - The Company has elected the practical expedient permitted in ASC 340-40-25-4, which permits an entity to recognize incremental costs to obtain a contract as an expense when incurred if the amortization period will be less than one year and not significant. Significant Financing Component - The Company has elected the practical expedient permitted in ASC 606-10-32-18, which allows an entity to not adjust the promised amount of consideration for the effects of a significant financing component if a contract has a duration of one year or less. As the Company’s contracts are majorly less than one year in length, consideration will not be adjusted. For the Company’s contracts include a standard payment term of 90 days to 180 days; consequently, there is no significant financing component within contracts. There are also some new contracts that will not be completed within one year from year 2022, the Company did calculation and the amount was not material as end of this fiscal year.
Share-Based Compensation	Share-Based Compensation -
Research and Development Expenses	Research and Development Expenses
Shipping and Handling Costs	Shipping and Handling Costs -
Leases	Leases Leases At the commencement date, the Company recognizes the lease liability at the present value of the lease payments not yet paid, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company’s incremental borrowing rate for the same term as the underlying lease. The ROU asset is recognized initially at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred, consisting mainly of brokerage commissions, less any lease incentives received. All ROU assets are reviewed for impairment annually. There was no impairment for ROU lease assets as of June 30, 2022 and 2023.
Income Taxes	Income Taxes 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, 2022 and 2023. As of June 30, 2023, the tax years ended December 31, 2018 through December 31, 2022 for the Company’s People’s Republic of China (“PRC”) subsidiaries remain open for statutory examination by PRC tax authorities.
Comprehensive Income (Loss)	Comprehensive Income (Loss) -
Earnings (Loss) per Share	Earnings (Loss) per Share (“EPS”) The following table sets forth the computation of basic and diluted earnings per share for the years ended June 30, 2021, 2022 and 2023: For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Numerator: Net income (loss) attributable to Recon Technology, Ltd ¥ (22,832,734) ¥ 95,586,795 ¥ (59,167,301) $ (8,159,544) Denominator: Weighted-average number of ordinary shares outstanding – basic* 760,116 1,721,529 2,157,158 2,157,158 Class A Ordinary Shares* 760,116 1,612,427 1,880,065 1,880,065 Class B Ordinary Shares** — 109,102 277,093 277,093 Outstanding options/warrants* 584,571 585,357 1,115,088 1,115,088 Potentially dilutive shares from outstanding options/warrants — — — — Weighted-average number of ordinary shares outstanding – diluted* 760,116 1,721,529 2,157,158 2,157,158 Earnings (loss) per share – basic and diluted* ¥ (30.04) ¥ 55.52 ¥ (27.43) $ (3.78) Retrospectively restated for the 1 * The Class B Ordinary Shares were not subjected to reverse stock split, and each Class B Ordinary Share is convertible into one -eighteenth (1/18) of one Class A Ordinary Share at any time by the holder thereof, so the weighted average number of Class B Ordinary Shares is calculated on a one-for-eighteen basis of issued and outstanding Class B Ordinary Shares.
Warrants	Warrants For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the consolidated statements of operations.
Reclassification	Reclassification -
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815 – 40)” (“ASU 2020-06”). ASU 2020-06 simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The ASU is part of the FASB’s simplification initiative, which aims to reduce unnecessary complexity in U.S. GAAP. The ASU’s amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The Company is currently evaluating the impact ASU 2020-06 will have on its 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
SIGNIFICANT ACCOUNTING POLICIES (Tables)	Jun. 30, 2023
SIGNIFICANT ACCOUNTING POLICIES
Schedule of estimated useful life of the assets	Items Useful life Motor vehicles 3-5 years Office equipment and fixtures 2-5 years Production equipment, including: Equipment 10 years Utilities and Facilities 20 years Leasehold improvement Lesser of useful life and lease term
Schedule of information about contract costs, net and contract liabilities from contracts with customers	June 30, June 30, June 30 2022 2023 2023 RMB RMB US Dollars Contract costs, net ¥ 33,858,820 ¥ 49,572,685 $ 6,836,386 Contract liabilities ¥ 2,107,277 ¥ 2,748,365 $ 379,017
Schedule of basic and diluted earnings per share	For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Numerator: Net income (loss) attributable to Recon Technology, Ltd ¥ (22,832,734) ¥ 95,586,795 ¥ (59,167,301) $ (8,159,544) Denominator: Weighted-average number of ordinary shares outstanding – basic* 760,116 1,721,529 2,157,158 2,157,158 Class A Ordinary Shares* 760,116 1,612,427 1,880,065 1,880,065 Class B Ordinary Shares** — 109,102 277,093 277,093 Outstanding options/warrants* 584,571 585,357 1,115,088 1,115,088 Potentially dilutive shares from outstanding options/warrants — — — — Weighted-average number of ordinary shares outstanding – diluted* 760,116 1,721,529 2,157,158 2,157,158 Earnings (loss) per share – basic and diluted* ¥ (30.04) ¥ 55.52 ¥ (27.43) $ (3.78) Retrospectively restated for the 1 * The Class B Ordinary Shares were not subjected to reverse stock split, and each Class B Ordinary Share is convertible into one -eighteenth (1/18) of one Class A Ordinary Share at any time by the holder thereof, so the weighted average number of Class B Ordinary Shares is calculated on a one-for-eighteen basis of issued and outstanding Class B Ordinary Shares.

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	12 Months Ended
ACCOUNTS RECEIVABLE, NET (Tables)	Jun. 30, 2023
ACCOUNTS RECEIVABLE, NET
Schedule of accounts receivable, net	June 30, June 30, June 30, 2022 2023 2023 Third Parties RMB RMB US Dollars Accounts receivable ¥ 27,206,752 ¥ 27,606,257 $ 3,807,077 Allowance for credit losses (4,628,772) (152,842) (21,078) Total third-parties, net ¥ 22,577,980 ¥ 27,453,415 $ 3,785,999 June 30, June 30, June 30, 2022 2023 2023 Third Parties- long-term RMB RMB US Dollars Accounts receivable ¥ 4,983,698 ¥ 842,607 $ 116,201 Allowance for credit losses (4,983,698) (842,607) (116,201) Total third-parties, net ¥ — ¥ — $ —
Schedule of movement of allowance for doubtful accounts	June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Beginning balance ¥ 9,315,427 ¥ 9,612,470 $ 1,325,619 Charge to (reversal of) allowance 153,329 (8,767,356) (1,209,073) Foreign currency translation adjustments 143,714 150,335 20,733 Ending balance ¥ 9,612,470 ¥ 995,449 $ 137,279

OTHER RECEIVABLES, NET (Tables)

OTHER RECEIVABLES, NET (Tables)	12 Months Ended
OTHER RECEIVABLES, NET (Tables)	Jun. 30, 2023
OTHER RECEIVABLES, NET
Schedule of other receivables, net	June 30, June 30, June 30, 2022 2023 2023 Third Party RMB RMB US Dollars Business advances to officers and staffs (A) ¥ 1,441,807 ¥ 854,162 $ 117,795 Deposits for projects 3,259,236 1,247,992 172,106 VAT recoverable 437,095 690,053 95,163 Others 2,547,520 1,392,126 191,983 Allowance for credit losses (619,444) (1,994,960) (275,118) Subtotal 7,066,214 2,189,373 301,929 Less: Long term portion (B) (1,564,381) (3,640) (502) Other receivable - current portion ¥ 5,501,833 ¥ 2,185,733 $ 301,427 (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 credit losses	June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Beginning balance ¥ 918,153 ¥ 619,444 $ 85,426 Charge to (reversal of) allowance (294,644) 1,375,516 189,692 Less: written off (4,065) — — Ending balance ¥ 619,444 ¥ 1,994,960 $ 275,118

LOANS TO THIRD PARTIES (Tables)

LOANS TO THIRD PARTIES (Tables)	12 Months Ended
LOANS TO THIRD PARTIES (Tables)	Jun. 30, 2023
LOANS TO THIRD PARTIES
Schedule of loans to third parties	June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Working fund to third party companies ¥ 50,383,822 ¥ 123,055,874 $ 16,970,181 Loans to third parties ¥ 50,383,822 ¥ 123,055,874 $ 16,970,181

CONTRACT COSTS, NET (Tables)

CONTRACT COSTS, NET (Tables)	12 Months Ended
CONTRACT COSTS, NET (Tables)	Jun. 30, 2023
CONTRACT COSTS, NET
Schedule of contract costs, net	June 30, June 30, June 30, 2022 2023 2023 Third Party RMB RMB US Dollars Contract costs ¥ 37,922,302 ¥ 52,158,840 $ 7,193,033 Allowance for credit losses (4,063,482) (2,586,155) (356,647) Total contract costs, net ¥ 33,858,820 ¥ 49,572,685 $ 6,836,386
Schedule of movement of allowance for credit losses of contract costs	June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Beginning balance ¥ 4,548,910 ¥ 4,063,482 $ 560,380 Reversal of allowance (552,008) (1,720,095) (237,212) Charge to cost of sales 66,580 242,768 33,479 Ending balance ¥ 4,063,482 ¥ 2,586,155 $ 356,647

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
PROPERTY AND EQUIPMENT, NET (Tables)	Jun. 30, 2023
PROPERTY AND EQUIPMENT, NET
Schedule of property and equipment, net	June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Motor vehicles ¥ 5,312,274 ¥ 5,176,175 $ 713,827 Office equipment and fixtures 1,442,395 1,440,819 198,698 Production equipment 31,102,055 31,115,843 4,291,071 Leasehold improvement — 2,260,000 311,668 Total cost 37,856,724 39,992,837 5,515,264 Less: accumulated depreciation (11,614,250) (14,297,511) (1,971,717) Less: accumulated impairment (768,312) (942,462) (129,971) Property and equipment, net ¥ 25,474,162 ¥ 24,752,864 $ 3,413,576 Construction in progress ¥ 239,739 ¥ — $ —

BUSINESS ACQUISITION AND INVE_2

BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY (Tables)	12 Months Ended
	Jun. 30, 2023
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Summary of fair values of the identifiable assets and liabilities	RMB US Dollars Cash ¥ 471,843 $ 65,070 Accounts receivable, net 831,049 114,607 Other receivables, net 144,285 19,898 Contract costs, net 75,250 10,377 Prepaid expenses 91,132 12,568 Property and equipment, net 118,130 16,291 Intercompany receivables* 6,850,000 944,658 Intangible assets- customer relationship 7,000,000 965,344 Goodwill 6,996,895 964,916 Accounts payable (1,032,078) (142,330) Other payables (1,273,182) (175,580) Other payable- related parties (479,959) (66,189) Deferred revenue (39,786) (5,487) Accrued payroll and employees’ welfare (1,629,519) (224,721) Taxes payable (64,253) (8,861) Deferred tax liability (1,050,000) (144,801) Total ¥ 17,009,807 $ 2,345,760 Cash considerations — — Deemed equity consideration to acquire 8% equity interest in FGS 1,689,807 233,035 Fair value of previously held equity interest 30,530,000 4,210,280 Non-controlling interest 34,790,000 4,797,760 Capital contribution receivable due from non-controlling Interest (50,000,000) (6,895,315) Total ¥ 17,009,807 $ 2,345,760 *Intercompany receivables from Nanjing Recon and BHD are eliminated upon consolidation.
Summary of fair value of goodwill acquired and the carrying value, customer relationship, and its estimated useful lives	The identifiable goodwill acquired and the carrying value consisted of the following: June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Goodwill ¥ 6,996,895 ¥ 6,996,895 $ 964,916 Less: impairment for goodwill (2,266,893) (6,996,895) (964,916) Goodwill, net ¥ 4,730,002 ¥ — $ — The fair value of identified intangible assets, which is customer relationship, and its estimated useful lives as of June 30, 2023 is as follows: Average Useful Life Fair Value (in Years) RMB US Dollars Intangible assets - customer relationship ¥ 7,000,000 $ 965,344 10 Less: accumulated amortization (1,750,000) (241,336) Less: impairment (5,250,000) (724,008) Intangible assets - customer relationship, net ¥ — $ —

LEASES (Tables)

LEASES (Tables)	12 Months Ended
LEASES (Tables)	Jun. 30, 2023
LEASES
Schedule of operating lease related assets and liabilities recorded on the balance sheets	June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Rights of use lease assets, net ¥ 6,666,759 ¥ 2,654,900 $ 366,127 Operating lease liabilities – current 3,892,774 3,066,146 422,841 Operating lease liabilities – non-current 2,184,635 25,144 3,468 Total operating lease liabilities ¥ 6,077,409 ¥ 3,091,290 $ 426,309
Schedule of weighted average remaining lease terms and discount rates for all of operating leases	June 30, June 30, 2022 2023 Remaining lease term and discount rate: Weighted average remaining lease term (years) 16.18 23.90 Weighted average discount rate 5.0 % 5.0 %
Schedule of maturities of lease liabilities	Twelve months ending June 30, RMB US Dollars 2024 ¥ 3,110,862 $ 429,008 2025 26,400 3,641 Total lease payments 3,137,262 432,649 Less: imputed interest (45,972) (6,340) Present value of lease liabilities 3,091,290 426,309 Less: operating lease liabilities – current 3,066,146 422,841 Operating lease liabilities – non-current ¥ 25,144 $ 3,468

OTHER PAYABLES (Tables)

OTHER PAYABLES (Tables)	12 Months Ended
OTHER PAYABLES (Tables)	Jun. 30, 2023
OTHER PAYABLES
Schedule of other payables third parties	June 30, June 30, June 30, 2022 2023 2023 Third Parties RMB RMB US Dollars Professional service fees ¥ 2,061,016 ¥ 2,246,101 $ 309,752 Distributors and employees 1,009,307 3,073,289 423,826 Accrued expenses 206,045 200,218 27,611 Others 257,550 299,402 41,289 Total ¥ 3,533,918 ¥ 5,819,010 $ 802,478
Schedule Of other payables related party	June 30, June 30, June 30, 2022 2023 2023 Related Parties RMB RMB US Dollars Expenses paid by the major shareholders ¥ 1,396,419 ¥ 1,796,309 $ 247,723 Due to family members of the owners of BHD and FGS 590,159 545,159 75,181 Due to management staff for costs incurred on behalf of the Company 253,557 250,927 34,604 Total ¥ 2,240,135 ¥ 2,592,395 $ 357,508

TAXES PAYABLE (Tables)

TAXES PAYABLE (Tables)	12 Months Ended
TAXES PAYABLE (Tables)	Jun. 30, 2023
TAXES PAYABLE
Schedule of taxes payable	June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars VAT payable ¥ 1,741,972 ¥ 699,601 $ 96,479 Income tax payable 440,030 440,030 60,683 Other taxes payable 28,956 23,375 3,224 Total taxes payable ¥ 2,210,958 ¥ 1,163,006 $ 160,386

BANK LOANS (Tables)

BANK LOANS (Tables)	12 Months Ended
BANK LOANS (Tables)	Jun. 30, 2023
BANK LOANS
Schedule of short-term bank loans	June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Beijing Rural Commercial Bank (1) ¥ 10,000,000 ¥ — $ — Bank of Kunlun (2) — 950,000 131,010 Industry and Commercial Bank of China (“ICBC”) (3) — 10,000,000 1,379,064 China Construction Bank (4) — 1,501,481 207,064 Total short-term bank loans ¥ 10,000,000 ¥ 12,451,481 $ 1,717,138 (1) On April 13, 2022, the Company entered into a loan agreement with Beijing Rural Commercial Bank to borrow ¥ 5,600,000 as working capital for one year , which will be due on April 12, 2023. On April 13, 2022, the Company entered into a loan agreement with Beijing Rural Commercial Bank to borrow ¥ 4,400,000 as working capital for one year , which will be due on May 12, 2023. All these loan bears a fixed interest rate of 4.6% per annum. These loans are guaranteed by one of the founders of the Company and he also pledged self-owned housing property with carrying value of approximately ¥ 17.6 million (approximately $2.4 million) as collateral for these loans. The loan was full repaid upon maturity. (2) On August 31, 2022, the Company entered into a loan agreement with Bank of Kunlun to borrow up to ¥ 2,900,000 ( $399,928 ) as working capital for eighteen months , with a maturity date of February 29, 2024. The loan has a fixed interest rate of 6.0% per annum. The Company made a withdrawal in an amount of ¥ 1,000,000 ( $137,906 ) on August 31, 2022. During the year ended June 30, 2023, the Company repaid ¥ 50,000 ( $6,896 ). The loan is guaranteed by the non-controlling shareholder of Gan Su BHD. The Company also pledged the accounts receivable from the contracts the Company entered into with CNPC as collateral for this loan, and the total value of the contracts are approximately ¥ 6.5 million (approximately $0.9 million). (3) On June 6, 2023, the Company entered into a revolving loan facility with ICBC to borrow up to ¥ 10,000,000 ( $1,379,063 ) as working capital for one year , with a maturity date of June 7, 2024. The loan has a fixed interest rate of 2.5% per annum. The Company made the first withdrawal in an amount of ¥ 5,000,000 ( $689,532 ) on June 9, 2023, with a maturity date of June 7, 2024. Company made the second withdrawal in an amount of ¥ 5,000,000 ( $689,532 ) on June 13, 2023, with a maturity date of June 7, 2024. These loans are pledged by the self-owned housing property of one of the founders of the Company with carrying value of approximately ¥ 17.6 million (approximately $2.4 million) as collateral for these loans. (4) On June 6, 2023, the Company entered into a loan agreement with China Construction Bank to borrow up to ¥ 1,500,000 ( $207,064 ) as working capital for one year, with a maturity date of June 6, 2024. The loan has a fixed interest rate of 3.95% per annum.

SHORT-TERM BORROWINGS DUE TO _2

SHORT-TERM BORROWINGS DUE TO RELATED PARTIES (Tables)	12 Months Ended
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES (Tables)	Jun. 30, 2023
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
Schedule of short-term borrowings due to related parties	June 30, June 30, June 30, 2022 2023 2023 Short-term borrowings due to related parties: RMB RMB US Dollars Short-term borrowing from a founder, 4.35% annual interest, due on November 17, 2022* ¥ 4,006,767 ¥ — $ — Short-term borrowing from a founder, 4.35% annual interest, due on December 26, 2022* 5,002,389 — — Short-term borrowing from a Founder, 3.65% annual interest, due on December 26, 2023 — 10,004,055 1,379,622 Short-term borrowing from a Founder, 3.40% annual interest, due on June 4, 2024 — 4,993,950 688,697 Short-term borrowing from a Founder, 3.40% annual interest, due on June 16, 2024 — 5,020,217 692,320 Total short-term borrowings due to related parties ¥ 9,009,156 ¥ 20,018,222 $ 2,760,639 * The Company repaid the loans in full on maturity date.

LONG-TERM BORROWINGS DUE TO R_2

LONG-TERM BORROWINGS DUE TO RELATED PARTY (Tables)	12 Months Ended
LONG-TERM BORROWINGS DUE TO RELATED PARTY (Tables)	Jun. 30, 2023
LONG-TERM BORROWINGS DUE TO RELATED PARTY
Schedule of long-term borrowings due to related party	June 30, June 30, June 30, 2022 2023 2023 Long-term borrowings due to related party: RMB RMB US 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. ¥ 6,510,606 ¥ — $ — Less: current portion (999,530) — — Total long-term borrowings due to related party ¥ 5,511,076 ¥ — $ —

CLASS A ORDINARY SHARES (Tables

CLASS A ORDINARY SHARES (Tables)	12 Months Ended
CLASS A ORDINARY SHARES (Tables)	Jun. 30, 2023
CLASS A ORDINARY SHARES
Summary of pre-funded warrants activities	The following table summarizes the Company’s Pre-Funded Warrants activities and status of Pre-Funded Warrants as of June 30, 2023: Weighted Average Average Remaining Pre-Funded Exercise Price Period Pre-Funded Warrants Warrants Per Share (Years) Outstanding as of June 30, 2021 81,667 $ 0.18 5.46 Issued — — — Forfeited — — — Exercised (81,667) $ 0.18 — Expired — — — Outstanding as of June 30, 2022 — $ — — Issued 65,278 0.18 5.50 Forfeited — — — Exercised — — — Expired — — — Outstanding as of June 30, 2023 65,278 $ 0.18 5.22

ORDINARY SHARES PURCHASE WARR_2

ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS (Tables)	12 Months Ended
	Jun. 30, 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Summary of fair value measurement inputs under binomial and black-scholes model	June 30, June 30, Input 2023 2022 Number of warrants 47,963 $ 441,710 $ 489,673 Share price 0.34 $ 0.34 $ 0.66 Risk-free interest rate 4.41 % 4.41 % 3.00 % Volatility 127 % 127 % 109 % Exercise price 112.32 14.40 112.32 Warrant life 3.47 years 3.47 years 4.46 years March 15, 2023 June 30, (Initial Input 2023 measurement) Number of warrants 555,694 $ 555,694 Share price 0.34 $ 0.37 Risk-free interest rate 3.59 % 3.58 % Volatility 110 % 110 % Exercise price 14.40 14.40 Warrant life 5.22 years 5.50 years
Summary of liabilities measured at fair value on recurring basis	Quoted Prices In Significant Other Significant Other June 30, Active Markets Observable Inputs Unobservable Inputs Description 2022 (Level 1) (Level 2) (Level 3) Liabilities: Warrant liability $ 2,490,000 $ — $ — $ 2,490,000 Quoted Prices In Significant Other Significant Other June 30, Active Markets Observable Inputs Unobservable Inputs Description 2023 (Level 1) (Level 2) (Level 3) Liabilities: Warrant liability $ 4,360,000 $ — $ — $ 4,360,000
Summary of company warrants activities and status of warrants	Weighted Average Average Remaining Exercise Price Period Warrants Warrants Per Share (Years) Outstanding as of June 30, 2021 489,673 $ 112.32 5.46 Issued — — Forfeited — — Exercised — — Expired — — Outstanding as of June 30, 2022 489,673 $ 112.32 4.46 Issued 555,694 14.40 5.50 Forfeited — — Exercised — — Expired — — Outstanding as of June 30 2023 1,045,367 $ 18.90 4.40

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
SHARE-BASED COMPENSATION (Tables)	Jun. 30, 2023
SHARE-BASED COMPENSATION.
Summary of share options activity	Weighted Average Exercise Price Share Options Shares Per Share Outstanding as of June 30, 2021 6,084 $ 180.36 Granted — — Forfeited (1,640) 266.40 Exercised — — Expired — — Outstanding as of June 30, 2022 4,444 $ 148.50 Granted — — Forfeited — — Exercised — — Expired — — Outstanding as of June 30, 2023 4,444 $ 148.50
Summary of status of options outstanding and exercisable	Outstanding Options Exercisable Options Average Average Remaining Remaining Average Exercise Contractual Average Exercise Contractual Price Number life (Years) Price Number life (Years) $ 148.50 4,444 1.59 $ 148.50 4,444 1.59 4,444
Summary of restricted shares granted	Restricted share grants Shares Non-vested as of June 30, 2021 7,244 Granted 405,130 Vested (291,967) Non-vested as of June 30, 2022 120,407 Granted 277,778 Vested (226,247) Non-vested as of June 30, 2023 171,938
Summary of outstanding restricted shares	Outstanding Restricted Shares Average Remaining Fair Value per Amortization Share Number Period (Years) $ 18.72 60,827 1.67 6.66 111,111 0.21 171,938

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
INCOME TAX (Tables)	Jun. 30, 2023
INCOME TAX
Schedule of income (loss) before provision for income taxes	For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Outside China areas ¥ 4,011,449 ¥ 113,741,972 ¥ (34,038,460) $ (4,694,118) China (30,402,528) (20,066,451) (27,419,593) (3,781,335) Total ¥ (26,391,079) ¥ 93,675,521 ¥ (61,458,053) $ (8,475,453)
Schedule of deferred tax assets, net	June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Deferred tax assets: Allowance for credit losses ¥ 1,781,573 ¥ 1,019,592 $ 140,608 Impairment for inventory 59,913 90,322 12,456 Net operating loss carryforwards 16,511,047 23,290,731 3,211,938 Subtotal 18,352,533 24,400,645 3,365,002 Less: Valuation allowance (17,193,874) (24,107,246) (3,324,540) Total deferred tax assets, net 1,158,659 293,399 40,462 Deferred tax liabilities: 　　 Accelerated amortization of intangible assets (119,271) (146,511) (20,205) Gain on the previously held equity method investment (146,888) (146,888) (20,257) Recognition of customer relationship arising from business combinations (892,500) — — Total deferred tax liabilities (1,158,659) (293,399) (40,462) Deferred tax assets, net ¥ — ¥ — $ —
Schedule of NOL expiration	Twelve months ending June 30, RMB US Dollars 2024 ¥ 13,146,922 $ 1,813,043 2025 10,484,902 1,445,934 2026 19,617,124 2,705,325 2027 32,533,742 4,486,608 2028 57,811,664 7,972,593 Total ¥ 133,594,354 $ 18,423,503
Schedule of reconciliation of income tax expense (benefit)	For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Income tax (benefits) expenses calculated at PRC statutory rates ¥ (6,597,770) ¥ 23,418,880 ¥ (15,364,513) $ (2,118,863) Nondeductible expenses and others 338,058 263,655 539,247 74,366 Effect of tax rate differential 626,245 (24,061,020) 7,949,048 1,096,224 Benefit of revenue exempted from enterprise income tax (57,250) (1,799) (18,814) (2,595) Change in valuation allowances 5,264,804 (233,590) 6,913,371 953,397 Tax refund (98,338) — — — Income tax expenses (benefit) ¥ (524,251) ¥ (613,874) ¥ 18,339 $ 2,529
Schedule of company's income tax expense (benefit)	For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Current income tax provision (benefit) ¥ (98,338) ¥ 10,214 ¥ 18,339 $ 2,529 Deferred income tax benefit (425,913) (624,088) — — Expense (benefit) for income tax ¥ (524,251) ¥ (613,874) ¥ 18,339 $ 2,529

NON-CONTROLLING INTEREST (Table

NON-CONTROLLING INTEREST (Tables)	12 Months Ended
NON-CONTROLLING INTEREST (Tables)	Jun. 30, 2023
NON-CONTROLLING INTEREST.
Schedule of non-controlling interest	As of June 30, 2022 Nanjing Gan Su Qinghai BHD Recon BHD BHD FGS Total Total RMB RMB RMB RMB RMB RMB US Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 4,805,000 ¥ — ¥ — ¥ 6,656,000 $ 993,771 Capital contribution receivable due from non-controlling Interest — — — — (48,870,000) (48,870,000) (7,296,511) Unappropriated retained earnings (deficit) 3,477,493 3,616,001 (4,972,129) (1,520,225) (893,405) (292,265) (43,635) Accumulated other comprehensive loss (18,850) (11,853) — — — (30,703) (4,584) Valuation increase shared by minority shareholders — — — — 34,790,000 34,790,000 5,194,303 Total non-controlling interests ¥ 5,109,643 ¥ 3,804,148 ¥ (167,129) ¥ (1,520,225) (14,973,405) ¥ (7,746,968) $ (1,156,656) As of June 30, 2023 Nanjing Gan Su Qinghai BHD Recon BHD BHD FGS Total Total RMB RMB RMB RMB RMB RMB US Dollars Paid-in capital ¥ 1,651,000 ¥ 200,000 ¥ 4,805,000 ¥ — ¥ — ¥ 6,656,000 $ 917,904 Capital contribution receivable due from non-controlling Interest — — —　 — (48,870,000) (48,870,000) (6,739,481) Unappropriated retained earnings (deficit) 3,477,494 3,616,001 (6,336,893) (1,561,196) (1,796,762) (2,601,356) (358,742) Accumulated other comprehensive loss (18,850) (11,853) — — —　 (30,703) (4,234) Valuation increase shared by minority shareholders —　 —　 — — 34,790,000 34,790,000 4,797,760 Total non-controlling interests ¥ 5,109,644 ¥ 3,804,148 ¥ (1,531,893) ¥ (1,561,196) (15,876,762) ¥ (10,056,059) $ (1,386,793)

COMMITMENTS AND CONTINGENCY (Ta

COMMITMENTS AND CONTINGENCY (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCY (Tables)	Jun. 30, 2023
COMMITMENTS AND CONTINGENCY
Schedule of total future minimum purchase commitment	Twelve months ending June 30, RMB US Dollars 2024 ¥ 22,395,958 $ 3,088,544 2025 300,000 41,372 2026 150,000 20,686 Total minimum payments required ¥ 22,845,958 $ 3,150,602
Schedule of non-cancellable operating lease agreements	Twelve months ending June 30, RMB US Dollars 2024 ¥ 336,527 $ 46,409 Total ¥ 336,527 $ 46,409

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	12 Months Ended
RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	Jun. 30, 2023
RELATED PARTY TRANSACTIONS AND BALANCES
Schedule of sales to related party	For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Urumqi Yikeli Automatic Control Equipment Co., Ltd. * ¥ 85,657 ¥ — ¥ — $ — Total revenue from a related party ¥ 85,657 ¥ — ¥ — $ — * The noncontrolling shareholder of Gan Su BHD owns 10% interests in Urumqi Yikeli Automatic Control Equipment Co., Ltd.
Schedule of prepaid expenses - related parties	June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Founders ¥ 275,000 ¥ — $ — Total prepaid expenses - related parties ¥ 275,000 ¥ — $ —
Schedule of leases from related parties	Monthly Rent Monthly Rent Lessee Lessor Rent Period RMB US Dollars Nanjing Recon One of the founders April 1, 2022 - March 31, 2024 ¥ 40,000 $ 5,516 BHD One of the founders January 1, 2023- Dec 31, 2023 31,667 4,367 BHD One of the founders January 1, 2023 - Dec 31, 2023 22,500 3,103

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
VARIABLE INTEREST ENTITIES (Tables)	Jun. 30, 2023
VARIABLE INTEREST ENTITIES
Summary of information regarding consolidated VIEs	June 30, 2022 June 30, 2023 June 30, 2023 RMB RMB US Dollars ASSETS Current Assets Cash ¥ 18,033,666 ¥ 37,661,118 $ 5,092,821 Restricted cash 723,560 731,545 100,885 Notes receivable 10,828,308 3,742,390 516,099 Accounts receivable, net 22,577,980 27,453,415 3,785,999 Inventories, net 3,894,369 6,330,701 873,044 Other receivables, net 5,500,981 11,618,275 1,602,233 Loans to third parties 30,270,563 37,770,188 5,208,747 Purchase advances, net 178,208 1,592,761 219,652 Contract costs, net 33,858,820 49,572,685 6,836,386 Prepaid expenses 165,120 121,329 16,732 Prepaid expenses- related parties 275,000 — — Total current assets 126,306,575 176,594,407 24,252,598 　　　 Property and equipment, net 25,474,162 24,752,864 3,413,576 Construction in progress 239,739 — — Intangible assets, net 5,950,000 — — Long-term other receivables, net 1,564,381 3,640 502 Goodwill 4,730,002 — — Operating lease right-of-use assets 6,666,759 2,654,900 366,127 Total Assets ¥ 170,931,618 ¥ 204,005,811 $ 28,032,803 LIABILITIES Short-term bank loans ¥ 10,000,000 ¥ 12,451,481 $ 1,717,138 Accounts payable 12,826,108 10,791,721 1,488,246 Other payables 1,469,761 3,904,135 538,405 Other payable- related parties 1,061,081 1,356,915 187,127 Contract liabilities 2,001,277 2,748,361 379,017 Accrued payroll and employees’ welfare 1,213,040 1,048,061 144,534 Intercompany payables* 194,373,010 263,935,922 36,398,428 Taxes payable 2,211,190 1,163,237 160,418 Short-term borrowings - related parties 9,009,156 20,018,222 2,760,639 Long-term borrowings - related party - current portion 999,530 — — Operating lease liabilities - current 3,892,774 3,066,146 422,841 Total current liabilities 239,056,927 320,484,201 44,196,793 Operating lease liabilities - non-current 2,184,635 25,144 3,468 Contract liabilities - non-current 106,000 — — Long-term borrowings - related party 5,511,076 — — Deferred tax liability 187,972 — — Total Liabilities ¥ 247,046,610 ¥ 320,509,345 $ 44,200,261 *Intercompany payables are eliminated upon consolidation.

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
SEGMENT REPORTING (Tables)	Jun. 30, 2023
SEGMENT REPORTING
Summary of segment reporting information	The following tables present summary information by segment for the years ended June 30, 2021, 2022 and 2023, respectively: For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Automation product and software ¥ 18,535,166 ¥ 31,944,055 ¥ 26,628,216 $ 3,672,199 Equipment and accessories 15,791,623 17,159,381 16,248,197 2,240,729 Oilfield environmental protection 11,043,979 25,335,363 19,116,560 2,636,294 Platform outsourcing services 2,567,807 9,338,772 5,121,405 706,274 Total revenue ¥ 47,938,575 ¥ 83,777,571 ¥ 67,114,378 $ 9,255,496 For the year ended June 30, 2023 Automation Equipment Oilfield Platform product and and environmental outsourcing software accessories protection services Total RMB RMB RMB RMB RMB Revenue ¥ 26,628,216 ¥ 16,248,197 ¥ 19,116,560 ¥ 5,121,405 ¥ 67,114,378 Cost of revenue and related tax 23,610,281 8,945,796 13,955,673 1,735,645 48,247,395 Gross profit ¥ 3,017,935 ¥ 7,302,401 ¥ 5,160,887 ¥ 3,385,760 ¥ 18,866,983 Depreciation and amortization ¥ 857,332 ¥ 689,552 ¥ 2,077,165 ¥ 59,537 ¥ 3,683,586 Total capital expenditures ¥ 803,311 ¥ 46,681 ¥ 75,728 ¥ 14,953 ¥ 940,673 Timing of revenue recognition Goods transferred/service rendered at a point in time ¥ 18,640,699 ¥ 16,248,197 ¥ 19,116,560 ¥ 4,470,462 ¥ 58,475,918 Services rendered over time 7,987,517 — — 650,943 8,638,460 Total revenue ¥ 26,628,216 ¥ 16,248,197 ¥ 19,116,560 ¥ 5,121,405 ¥ 67,114,378 For the year ended June 30, 2022 Automation Equipment Oilfield Platform product and and environmental outsourcing software accessories protection services Total RMB RMB RMB RMB RMB Revenue ¥ 31,944,055 ¥ 17,159,381 ¥ 25,335,363 ¥ 9,338,772 ¥ 83,777,571 Cost of revenue and related tax 29,824,014 10,479,615 20,222,446 3,826,759 64,352,834 Gross profit ¥ 2,120,041 ¥ 6,679,766 ¥ 5,112,917 ¥ 5,512,013 ¥ 19,424,737 Depreciation and amortization ¥ 421,619 ¥ 814,960 ¥ 2,045,601 ¥ 57,688 ¥ 3,339,868 Total capital expenditures ¥ 14,823 ¥ 21,456 ¥ 768,795 ¥ 194,578 ¥ 999,652 Timing of revenue recognition Goods transferred/service rendered at a point in time ¥ 31,944,055 ¥ 17,159,381 ¥ 15,779,825 ¥ 9,338,772 ¥ 74,222,033 Services rendered over time — — 9,555,538 — 9,555,538 Total revenue ¥ 31,944,055 ¥ 17,159,381 ¥ 25,335,363 ¥ 9,338,772 ¥ 83,777,571 For the year ended June 30, 2021 Automation Equipment Oilfield Platform product and and environmental outsourcing software accessories protection services Total RMB RMB RMB RMB RMB Revenue ¥ 18,535,166 ¥ 15,791,623 ¥ 11,043,979 ¥ 2,567,807 ¥ 47,938,575 Cost of revenue and related tax 19,942,541 11,264,971 8,045,567 1,470,468 40,723,547 Gross profit ¥ (1,407,375) ¥ 4,526,652 ¥ 2,998,412 ¥ 1,097,339 ¥ 7,215,028 Depreciation and amortization ¥ 277,496 ¥ 851,612 ¥ 2,000,952 ¥ 20,729 ¥ 3,150,789 Total capital expenditures ¥ 26,761 ¥ 136,224 ¥ 315,944 ¥ 43,487 ¥ 522,416 Timing of revenue recognition Goods transferred/service rendered at a point in time ¥ 18,535,166 ¥ 15,791,623 ¥ 9,654,418 ¥ 2,567,807 ¥ 46,549,014 Services rendered over time — — 1,389,561 — 1,389,561 Total revenue ¥ 18,535,166 ¥ 15,791,623 ¥ 11,043,979 ¥ 2,567,807 ¥ 47,938,575 June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars Total assets: Automation product and software ¥ 147,377,607 ¥ 167,009,315 $ 23,031,642 Equipment, accessories and others 149,876,933 170,809,759 23,555,743 Oilfield environmental protection 107,755,500 107,393,609 14,810,256 Platform outsourcing services 85,232,044 86,611,894 11,944,323 Total assets ¥ 490,242,084 ¥ 531,824,577 $ 73,341,964

CONDENSED FINANCIAL INFORMATI_2

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Tables)	12 Months Ended
	Jun. 30, 2023
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY
Schedule of parent company balance sheets	June 30, June 30, June 30, 2022 2023 2023 RMB RMB US Dollars ASSETS Cash ¥ 296,838,959 ¥ 236,146,589 $ 32,566,104 Due from intercompany* 205,224,961 291,525,426 40,203,195 Other current assets 20,364,424 80,036,017 11,037,471 Total Current Assets 522,428,344 607,708,032 83,806,770 Investment in subsidiaries and VIEs (77,566,835) (122,920,490) (16,951,511) Total Assets ¥ 444,861,509 ¥ 484,787,542 ¥ 66,855,259 LIABILITIES AND SHAREHOLDERS’ EQUITY Other current liabilities 7,552,452 3,964,912 546,786 Total Current Liabilities 7,552,452 3,964,912 546,786 　　 Warrant liability 16,677,328 31,615,668 4,360,000 Total Liabilities 24,229,780 35,580,580 4,906,786 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS’ EQUITY Class A ordinary shares, $0.0001 U.S. dollar par value, 500,000,000 shares authorized; 1,704,766 shares and 2,306,295 shares issued outstanding 19,461 26,932 3,714 Class B ordinary shares, $0.0001 U.S. dollar par value, 80,000,000 shares authorized; 4,100,000 shares and 7,100,000 shares issued outstanding 2,604 4,693 647 Additional paid-in capital** 516,426,799 580,340,061 80,032,554 Accumulated deficit (107,124,596) (166,291,897) (22,932,701) Accumulated other comprehensive income 11,307,461 35,127,173 4,844,259 Total Shareholders’ Equity 420,631,729 449,206,962 61,948,473 　　　 Total Liabilities and Shareholders’ Equity ¥ 444,861,509 ¥ 484,787,542 $ 66,855,259 * Due from intercompany are eliminated upon consolidation. ** Retrospectively restated for the 1
Schedule of parent company statements of operations and comprehensive income (loss)	For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars Revenue ¥ 121,197 ¥ — ¥ — $ — Cost of revenue 97,024 — — — Gross profit 24,173 — — — General and administrative expenses 29,502,464 62,918,622 54,494,219 7,515,097 Provision for credit losses 1,933,986 1,923,382 (4,141,588) (571,151) Loss from operations (31,412,277) (64,842,004) (50,352,631) (6,943,946) Fair value changes of warrants liability 35,365,792 174,485,575 6,116,000 843,435 Other income 320,235 4,105,116 10,108,783 1,394,065 Equity in loss of subsidiaries, VIEs and VIEs’ subsidiaries (27,106,484) (18,161,892) (25,039,453) (3,453,098) 　　 Net income (loss) ¥ (22,832,734) ¥ 95,586,795 ¥ (59,167,301) $ (8,159,544) 　 Foreign currency translation adjustment (850,895) 9,332,625 23,819,712 3,284,889 Comprehensive income (loss) attributable to the Company ¥ (23,683,629) ¥ 104,919,420 ¥ (35,347,589) $ (4,874,655)
Schedule of parent company statements of cash flows	For the years ended June 30, 2021 2022 2023 2023 RMB RMB RMB US Dollars CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) ¥ (22,832,734) ¥ 95,586,795 ¥ (59,167,301) $ (8,159,544) Adjustments to reconcile net cash flows from operating activities: 　　 Changes in warrants liabilities (35,365,792) (174,485,575) (6,116,000) (843,435) Amortization of offering cost of warrants 12,584,024 — 1,483,306 204,557 Provision for doubtful accounts 1,933,986 1,923,382 (4,141,588) (571,151) Restricted shares issued for management and employees 6,140,037 39,263,485 26,191,707 3,612,002 Income (loss) from investment in unconsolidated entity 15,411 (15,411) — — Restricted shares issued for services — 8,935,919 5,805,840 800,662 Equity in earnings of subsidiaries and VIEs 27,106,484 18,161,892 25,039,453 3,453,098 Other current assets (474,891) (111,521) (8,396,555) (1,157,938) Other current liabilities 4,776,846 (5,090,698) (3,587,540) (494,744) 　　 Net cash used in operating activities (6,116,629) (15,831,732) (22,888,678) (3,156,493) Cash flows from investing activities: Repayments from loans to third parties 1,950,000 166,405,032 32,413,311 4,470,000 Payments made for loans to third parties (50,288,458) (137,391,510) (79,546,761) (10,970,000) Due from intercompany, VIEs and VIEs’ subsidiaries (29,505,002) (55,569,342) (86,300,464) (11,901,378) 　　　 Net cash used in investing activities (77,843,460) (26,555,820) (133,433,914) (18,401,378) Cash flows from financing activities: Proceeds from warrants issued with common share 212,051,414 — 17,493,069 2,412,405 Proceeds from sale of common share, net of issuance costs 81,091,141 — 28,174,993 3,885,509 Proceeds from sale of prefunded warrants, net of issuance costs 30,276,569 93,321 3,750,282 517,188 Proceeds from share issuance for warrants exercised 21,130,035 — — — Proceeds from issuance of convertible notes 42,014,616 — — — Net cash provided by financing activities 386,563,775 93,321 49,418,344 6,815,102 　　 Effect of exchange rate fluctuation on cash 274,149 14,016,375 46,211,878 6,372,909 　　　 Net increase (decrease) in cash 302,877,835 (28,277,856) (60,692,370) (8,369,860) 　　　 Cash, beginning of year 22,238,980 325,116,815 296,838,959 40,935,964 　　 Cash, end of year ¥ 325,116,815 ¥ 296,838,959 ¥ 236,146,589 $ 32,566,104 Non-cash investing and financing activities Issuance of common share in exchange of shares of Starry, net of issuance costs ¥ 27,675,450 ¥ — ¥ — $ — Cancellation of ordinary shares issued to Starry ¥ — ¥ (27,675,450) ¥ — $ — Conversion of convertible notes to 9,225,338 shares of ordinary shares ¥ 42,435,669 ¥ — ¥ — $ —

ORGANIZATION AND NATURE OF OP_2

ORGANIZATION AND NATURE OF OPERATIONS (Details)					12 Months Ended
ORGANIZATION AND NATURE OF OPERATIONS (Details)	May 19, 2021	Apr. 26, 2021	Oct. 23, 2018	Sep. 25, 2017	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Aug. 21, 2018	Oct. 16, 2017 CNY (¥)	May 23, 2017 CNY (¥)
ORGANIZATION AND NATURE OF OPERATIONS
Variable interest entity, terms of arrangements					the Company has the right to absorb 90% of net interest or 100% of net loss of those Domestic Companies for accounting purposes.
Ownership interest (as a percent)							8
Individuals
ORGANIZATION AND NATURE OF OPERATIONS
Remaining paid in capital					¥ 12,500,000	$ 1,812,041
Beijing Bhd Petroleum Technology Co Ltd
ORGANIZATION AND NATURE OF OPERATIONS
Ownership percentage					49%	49%
Gan Su BHD Environmental Technology Co., Ltd \| Beijing Bhd Petroleum Technology Co Ltd
ORGANIZATION AND NATURE OF OPERATIONS
Ownership percentage					51%	51%
Qing Hai BHD New Energy Technology Co., Ltd
ORGANIZATION AND NATURE OF OPERATIONS
Ownership percentage			10%
Beijing Bhd Petroleum Technology Co Ltd
ORGANIZATION AND NATURE OF OPERATIONS
Paid In capital					¥ 200,000
Remaining paid in capital					33,300,000	$ 4,827,276
Gan Su BHD Environmental Technology Co., Ltd
ORGANIZATION AND NATURE OF OPERATIONS
Capital									¥ 50,000,000
Paid In capital					¥ 27,495,000	$ 3,791,734
Gan Su BHD Environmental Technology Co., Ltd \| Beijing Bhd Petroleum Technology Co Ltd
ORGANIZATION AND NATURE OF OPERATIONS
Percentage of equity interest transferred	3.60%	15.40%		2%
Gan Su BHD Environmental Technology Co., Ltd \| Nanjing Recon
ORGANIZATION AND NATURE OF OPERATIONS
Ownership interest held by parent					51%	51%
Percentage of equity interest transferred	15.40%
Ownership interest held by noncontrolling owner					19%	19%
Qing Hai BHD New Energy Technology Co., Ltd
ORGANIZATION AND NATURE OF OPERATIONS
Capital								¥ 50,000,000
Paid In capital					¥ 4,200,000	$ 579,206
Equity interest of ownership percentage			55%		75%

ORGANIZATION AND NATURE OF OP_3

ORGANIZATION AND NATURE OF OPERATIONS - Energy consumption market opened to private and foreign companies (Details) - Future Gas Station (Beijing) Technology, Ltd	Jan. 13, 2021 CNY (¥)	Jan. 13, 2021 USD ($)	Jun. 30, 2019 CNY (¥) shares	Aug. 21, 2018 CNY (¥) shares	Feb. 04, 2021	Dec. 15, 2017
ORGANIZATION AND NATURE OF OPERATIONS
Aggregate amount invested	¥ 30,530,000	$ 4,210,280
Domestic Companies
ORGANIZATION AND NATURE OF OPERATIONS
Equity interest acquired						8%
Ownership interest held					51%
Domestic Companies \| Investment Agreement
ORGANIZATION AND NATURE OF OPERATIONS
Equity interest acquired			43%	43%
Investment in FGS agreed \| ¥				¥ 10,000,000
Number of shares issued \| shares			487,057	487,057
Aggregate amount invested \| ¥			¥ 35,116,707
Domestic Companies \| Investment Agreement \| Post 2024 Reverse Stock Split
ORGANIZATION AND NATURE OF OPERATIONS
Number of shares issued \| shares			27,059	27,059
Domestic Companies \| Fourth supplemental agreement
ORGANIZATION AND NATURE OF OPERATIONS
Equity interest acquired				8%	8%

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2020 CNY (¥)	Jun. 30, 2023 USD ($)
SIGNIFICANT ACCOUNTING POLICIES
Foreign currency transactions, description	The translation has been made at the rate of ¥7.2513 = US$1.00, the approximate exchange rate prevailing on June 30, 2023.	The translation has been made at the rate of ¥7.2513 = US$1.00, the approximate exchange rate prevailing on June 30, 2023.
Short-term investments	¥ 184,200,000		¥ 0			$ 25,400,000
Accrued interest income from short-term investment	2,900,000	$ 400,198	0
Allowance for credit losses	7,300,000					1,000,000
Impairment for long-lived assets	6,259,124	863,173	0	¥ 768,312
Investment Income				266,707
Contract assets and contract liabilities from contracts with customers
Contract costs	49,572,685		33,858,820			6,836,386
Contract liabilities	2,748,365		2,107,277			$ 379,017
Shipping and handling expenses	10,638,978	1,467,182	10,150,802	8,038,965
Impairment loss			0	0	¥ 0
Investment income		0	15,411
Revenue recognized	1,901,277	262,198	7,390,276	1,899,561
Impairment loss on goodwill and intangible assets	4,730,002	652,297	2,266,893	0
Shipping and Handling
Contract assets and contract liabilities from contracts with customers
Shipping and handling expenses	¥ 789,932	$ 108,937	¥ 537,371	¥ 444,824
Minimum
SIGNIFICANT ACCOUNTING POLICIES
Property, plant and equipment, useful life	2 years					2 years
Maximum
SIGNIFICANT ACCOUNTING POLICIES
Property, plant and equipment, useful life	10 years					10 years
Motor vehicles \| Minimum
SIGNIFICANT ACCOUNTING POLICIES
Property, plant and equipment, useful life	3 years					3 years
Motor vehicles \| Maximum
SIGNIFICANT ACCOUNTING POLICIES
Property, plant and equipment, useful life	5 years					5 years
Office equipment and fixtures \| Minimum
SIGNIFICANT ACCOUNTING POLICIES
Property, plant and equipment, useful life	2 years					2 years
Office equipment and fixtures \| Maximum
SIGNIFICANT ACCOUNTING POLICIES
Property, plant and equipment, useful life	5 years					5 years
Equipment
SIGNIFICANT ACCOUNTING POLICIES
Property, plant and equipment, useful life	10 years					10 years
Equipment \| Minimum
SIGNIFICANT ACCOUNTING POLICIES
Property, plant and equipment, useful life	20 years					20 years
Utilities and Facilities
SIGNIFICANT ACCOUNTING POLICIES
Property, plant and equipment, useful life	20 years					20 years

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES - Basic and diluted earnings per share (Details)					12 Months Ended
		May 01, 2024	Mar. 29, 2024	Dec. 10, 2019	Jun. 30, 2023 CNY (¥) ¥ / shares shares		Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 CNY (¥) ¥ / shares shares		Jun. 30, 2021 CNY (¥) ¥ / shares shares		Jun. 30, 2023 USD ($)
Numerator:
Net income (loss) attributable to Recon Technology, Ltd					¥ (59,167,301)		$ (8,159,544)	¥ 95,586,795		¥ (22,832,734)
Denominator:
Weighted-average number of ordinary shares outstanding - basic	[1]				2,157,158		2,157,158	1,721,529		760,116
Outstanding options/warrants/convertible notes					¥ 1,115,088			¥ 585,357		¥ 584,571		$ 1,115,088
Weighted-average number of ordinary shares outstanding - diluted	[1]				2,157,158		2,157,158	1,721,529		760,116
Earnings (loss) per share - basic \| (per share)					¥ (27.43)		$ (3.78)	¥ 55.52	[1]	¥ (30.04)	[1]
Earnings (loss) per share - diluted \| (per share)					¥ (27.43)	[1]	$ (3.78)	¥ 55.52	[1]	¥ (30.04)	[1]
Reverse stock split		0.056	0.056		0.2		0.2
Class A ordinary shares
Denominator:
Weighted-average number of ordinary shares outstanding - basic					1,880,065		1,880,065	1,612,427		760,116
Reverse stock split		0.056	0.056	0.2
Class B ordinary shares
Denominator:
Weighted-average number of ordinary shares outstanding - basic					277,093		277,093	109,102
Reverse stock split					0.056		0.056
Class B common stock convertible conversion ratio					0.056							0.056

[1]Retrospectively restated for the 1

ACCOUNTS RECEIVABLE, NET - Acco

ACCOUNTS RECEIVABLE, NET - Accounts receivable (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Third Parties
Total third-parties, net	¥ 27,453,415	$ 3,785,999	¥ 22,577,980
Third parties
Third Parties
Accounts receivable	27,606,257	3,807,077	27,206,752
Allowance for credit losses	(152,842)	(21,078)	(4,628,772)
Total third-parties, net	27,453,415	3,785,999	22,577,980
Third Parties- long-term
Accounts receivable	842,607	116,201	4,983,698
Allowance for credit losses	(842,607)	(116,201)	(4,983,698)
Total third-parties, net	¥ 0	$ 0	¥ 0

ACCOUNTS RECEIVABLE, NET - Move

ACCOUNTS RECEIVABLE, NET - Movement of allowance for doubtful accounts (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
ACCOUNTS RECEIVABLE, NET
Charge to (reversal of) allowance			¥ 153,329	¥ 3,730,606
Third parties
ACCOUNTS RECEIVABLE, NET
Ending balance	¥ 995,449	$ 137,279	9,612,470	¥ 9,315,427
Charge to (reversal of) allowance	(8,767,356)	(1,209,073)	153,329
Foreign currency translation adjustments	150,335	20,733	143,714
Beginning balance	¥ 9,612,470	$ 1,325,619	¥ 9,315,427

ACCOUNTS RECEIVABLE, NET - Addi

ACCOUNTS RECEIVABLE, NET - Additional Information (Details)	12 Months Ended
ACCOUNTS RECEIVABLE, NET - Additional Information (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
ACCOUNTS RECEIVABLE, NET
Net recovery of provision for credit losses made for accounts receivable due from related-party	¥ 8,767,356	$ 1,209,073
Percentage of not-collection from our customers	54.7	54.7
Amount of not-collection from our customers	¥ 15,000,000	$ 2,100,000
Provision for (net recovery of) credit losses	¥ (9,038,985)	$ (1,246,533)	¥ (658,823)	¥ 8,191,247

NOTES RECEIVABLE (Details)

NOTES RECEIVABLE (Details)	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
NOTES RECEIVABLE
Notes receivable			¥ 3,742,390	$ 516,099	¥ 10,828,308
Subsequent event
NOTES RECEIVABLE
Notes receivable	¥ 3,200,000	$ 400,000
Percentage of notes subsequently collected	85	85

OTHER RECEIVABLES, NET - Summar

OTHER RECEIVABLES, NET - Summary of Other receivables, net (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)
Current Portion
Other receivable - current portion	¥ 2,185,733	$ 301,427	¥ 5,501,833
Third parties
Current Portion
Business advances to officers and staffs	854,162	117,795	1,441,807
Deposits for projects	1,247,992	172,106	3,259,236
VAT recoverable	690,053	95,163	437,095
Others	1,392,126	191,983	2,547,520
Allowance for credit losses	(1,994,960)	(275,118)	(619,444)	$ (85,426)	¥ (918,153)
Subtotal	2,189,373	301,929	7,066,214
Less: Long term portion	(3,640)	(502)	(1,564,381)
Other receivable - current portion	¥ 2,185,733	$ 301,427	¥ 5,501,833

OTHER RECEIVABLES, NET - Summ_2

OTHER RECEIVABLES, NET - Summary of Movement of allowance for credit losses (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
OTHER RECEIVABLES, NET
Charge to (reversal of) allowance	¥ 1,375,516	$ 189,692	¥ 294,644	¥ 187,161
Third parties
OTHER RECEIVABLES, NET
Beginning balance	619,444	85,426	918,153
Charge to (reversal of) allowance	1,375,516	189,692	(294,644)
Less: written off			(4,065)
Ending balance	¥ 1,994,960	$ 275,118	¥ 619,444	¥ 918,153

OTHER RECEIVABLES, NET - Additi

OTHER RECEIVABLES, NET - Additional Information (Details)	12 Months Ended
OTHER RECEIVABLES, NET - Additional Information (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
OTHER RECEIVABLES, NET
Net recovery of provision for credit losses of other receivables	¥ 1,375,516	$ 189,692	¥ 294,644	¥ 187,161

LOANS TO THIRD PARTIES (Details

LOANS TO THIRD PARTIES (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
LOANS TO THIRD PARTIES
Working fund to third party companies	¥ 123,055,874	$ 16,970,181	¥ 50,383,822
Loans to third parties	¥ 123,055,874	$ 16,970,181	¥ 50,383,822

LOANS TO THIRD PARTIES - Additi

LOANS TO THIRD PARTIES - Additional Information (Details) ¥ in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)
LOANS TO THIRD PARTIES
Effective percentage	8.30%	8.30%
Proceeds from collection	¥ 10.2	$ 1.4

CONTRACT COSTS, NET (Details)

CONTRACT COSTS, NET (Details)	12 Months Ended
CONTRACT COSTS, NET (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
CONTRACT COSTS, NET
Contract costs	¥ 52,158,840		¥ 37,922,302		$ 7,193,033
Allowance for credit losses	(2,586,155)		(4,063,482)	¥ (4,548,910)	(356,647)	$ (560,380)
Total contract costs, net	¥ 49,572,685		33,858,820		$ 6,836,386
Percentage of total contracts costs subsequently realized	23.20%				23.20%
Total contracts costs that have been subsequently realized	¥ 11,500,000				$ 1,600,000
Net recovery of provision for credit losses	¥ 1,720,095	$ 237,212	¥ 552,008	¥ 4,647,802

CONTRACT COSTS, NET - Movement

CONTRACT COSTS, NET - Movement of impairment of contract costs (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
CONTRACT COSTS, NET
Beginning balance	¥ 4,063,482	$ 560,380	¥ 4,548,910
Reversal of allowance	(1,720,095)	(237,212)	(552,008)
Charge to cost of sales	242,768	33,479	66,580
Ending balance	¥ 2,586,155	$ 356,647	¥ 4,063,482

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
PROPERTY AND EQUIPMENT, NET.
Total cost	¥ 39,992,837	$ 5,515,264	¥ 37,856,724
Less: accumulated depreciation	(14,297,511)	(1,971,717)	(11,614,250)
Less: accumulated impairment	(942,462)	(129,971)	(768,312)
Property and equipment, net	24,752,864	3,413,576	25,474,162
Motor vehicles
PROPERTY AND EQUIPMENT, NET.
Total cost	5,176,175	713,827	5,312,274
Office equipment and fixtures
PROPERTY AND EQUIPMENT, NET.
Total cost	1,440,819	198,698	1,442,395
Production equipment
PROPERTY AND EQUIPMENT, NET.
Total cost	31,115,843	4,291,071	31,102,055
Leasehold improvement
PROPERTY AND EQUIPMENT, NET.
Total cost	¥ 2,260,000	$ 311,668	0
Construction in progress
PROPERTY AND EQUIPMENT, NET.
Property and equipment, net			¥ 239,739

PROPERTY AND EQUIPMENT, NET - A

PROPERTY AND EQUIPMENT, NET - Additional Information (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
PROPERTY AND EQUIPMENT, NET
Depreciation expenses	¥ 2,983,586	$ 411,456	¥ 2,611,854	¥ 2,773,122
Impairment for long-lived assets	174,150	24,017	0	768,312
Loss from property and equipment disposal	¥ (12,782)	$ (1,763)	¥ 48,628	¥ 19,590

BUSINESS ACQUISITION AND INVE_3

BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY - Additional Information (Details)								12 Months Ended
	May 01, 2024	Mar. 29, 2024	Nov. 10, 2021 shares	Jun. 03, 2021 USD ($) shares	Jan. 13, 2021 CNY (¥) item shares	Dec. 10, 2019	Aug. 21, 2018 USD ($) shares	Jun. 30, 2023 CNY (¥) item	Jun. 30, 2023 USD ($) item	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)	Jun. 03, 2021 CNY (¥)	Jun. 03, 2021 USD ($) $ / shares	Jan. 13, 2021 USD ($) item $ / shares	Dec. 31, 2020
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Cost method investment ownership percentage							43%								43%
Ownership interest (as a percent)							8
Shares							487,057
Reverse stock split	0.056	0.056						0.2	0.2
Remeasurement gain of previously held equity interests in connection with step acquisition								¥ 0	$ 0	¥ 0	¥ 979,254
Investment loss \| ¥											266,707
Post 2024 Reverse Stock Split
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Shares							27,059
Future Gas Station (Beijing) Technology, Ltd
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Ownership interest (as a percent)					51									51
Payments to acquire additional interest in subsidiaries \| $							$ 10,000,000
Number of gas stations extending business \| item								200	200
Number of Company's subsidiaries who entered into the fourth supplemental agreement to the investment agreement \| item					2									2
Equity method investment additional information							As consideration for increasing its affiliates’ interest in FGS from 8% to 43%, the Company will (1) pay a total of RMB 10 million in cash to FGS and (2) issue 487,057 (27,059 shares post 2024 Reverse Split) restricted Class A 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 price \| $ / shares														$ 1.61
Fair market value of waived performance goals					¥ 1,689,807									$ 261,667
Remeasurement gain of previously held equity interests in connection with step acquisition \| ¥								¥ 979,254
Future Gas Station (Beijing) Technology, Ltd \| Post 2024 Reverse Stock Split
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Stock price \| $ / shares														$ 28.98
Investment in Starry Blockchain Energy Pte. Ltd
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Cost method investment ownership percentage												30%	30%
Ownership interest (as a percent)												30	30
Payments to acquire equity method investments \| $				$ 3,000,000
Stock price \| $ / shares													$ 13.80
Fair value of shares issued												¥ 27,675,450	$ 4,327,600
Investment loss \| ¥								15,411		15,411
Future Gas Station (Beijing) Technology, Ltd
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Percentage of equity interest to be acquired in exchange for waiver of performance goals					8%									8%
Consideration in shares					487,057
Percentage of deemed consideration of equity.					8%
Number of shares cancelled					162,352
Future Gas Station (Beijing) Technology, Ltd \| Post 2024 Reverse Stock Split
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Consideration in shares					27,059
Number of shares cancelled					9,020
Future Gas Station (Beijing) Technology, Ltd \| Customer relationship
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Amortization expense								700,000	$ 96,534	700,000	350,000
Impairment loss for intangible assets								¥ 5,250,000	$ 724,008	¥ 0	¥ 0
Restricted shares \| Future Gas Station (Beijing) Technology, Ltd
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Consideration in shares					487,057
Restricted shares \| Future Gas Station (Beijing) Technology, Ltd \| Post 2024 Reverse Stock Split
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Consideration in shares					27,059
Maximum
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Ownership interest (as a percent)							43
Class A ordinary shares
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Reverse stock split	0.056	0.056				0.2
Class A ordinary shares \| Future Gas Station (Beijing) Technology, Ltd
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Shares							487,057
Class A ordinary shares \| Future Gas Station (Beijing) Technology, Ltd \| Post 2024 Reverse Stock Split
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Shares							27,059
Class A ordinary shares \| Starry
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Number of shares issued			500,000
Class A ordinary shares \| Restricted shares \| Investment in Starry Blockchain Energy Pte. Ltd
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Shares			316,345	316,345
Stock price \| $ / shares													$ 9.48

BUSINESS ACQUISITION AND INVE_4

BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY - Fair values of the identifiable assets and liabilities (Details)			12 Months Ended
	Jan. 13, 2021 CNY (¥)	Jan. 13, 2021 USD ($)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2021 USD ($)	Jan. 13, 2021 USD ($)
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY.
Capital contribution receivable due from non-controlling Interest			¥ (50,000,000)	$ (6,895,315)
Future Gas Station (Beijing) Technology, Ltd
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY.
Cash	¥ 471,843				$ 65,070
Accounts receivable, net	831,049				114,607
Other receivables, net	144,285				19,898
Contract costs, net	75,250				10,377
Prepaid expenses	91,132				12,568
Property and equipment, net	118,130				16,291
Intercompany receivables	6,850,000				944,658
Intangible assets- customer relationship	7,000,000				965,344
Goodwill	6,996,895				964,916
Accounts payable	(1,032,078)				(142,330)
Other payables	(1,273,182)				(175,580)
Other payable- related parties	(479,959)				(66,189)
Deferred revenue	(39,786)				(5,487)
Accrued payroll and employees' welfare	(1,629,519)				(224,721)
Taxes payable	(64,253)				(8,861)
Deferred tax liability	(1,050,000)				(144,801)
Total	17,009,807				$ 2,345,760
Deemed equity consideration to acquire 8% equity interest in FGS	1,689,807	$ 233,035
Fair value of previously held equity interest	30,530,000	4,210,280
Non-controlling interest	34,790,000	4,797,760
Capital contribution receivable due from non-controlling Interest	(50,000,000)	(6,895,315)
Total	¥ 17,009,807	$ 2,345,760

BUSINESS ACQUISITION AND INVE_5

BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY - Fair value of identified goodwill acquired and carrying value (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2023 USD ($)
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Goodwill, net			¥ 4,730,002
Impairment loss on goodwill	¥ 4,730,002	$ 652,297	2,266,893	¥ 0
Future Gas Station (Beijing) Technology, Ltd
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Goodwill	6,996,895		6,996,895		$ 964,916
Less: impairment for goodwill	(6,996,895)		(2,266,893)		$ (964,916)
Goodwill, net			4,730,002
Impairment loss on goodwill	¥ 4,730,002	$ 652,297	¥ 2,266,893	¥ 0

BUSINESS ACQUISITION AND INVE_6

BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY - Fair value of identified intangible assets, customer relationship and its estimated useful lives (Details) - 12 months ended Jun. 30, 2023 - Future Gas Station (Beijing) Technology, Ltd - Customer Relationships	CNY (¥)	USD ($)
BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY
Intangible assets - customer relationship	¥ 7,000,000	$ 965,344
Less: accumulated amortization	(1,750,000)	(241,336)
Less: impairment	¥ (5,250,000)	$ (724,008)
Average Useful Life (in Years)	10 years

LEASES - Operating lease relate

LEASES - Operating lease related assets and liabilities (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Operating lease related assets and liabilities recorded on the balance sheets
Rights of use lease assets, net	¥ 2,654,900	$ 366,127	¥ 6,666,759
Operating lease liabilities - current	3,066,146	422,841	3,892,774
Operating lease liabilities - non-current	25,144	3,468	2,184,635
Total operating lease liabilities	¥ 3,091,290	$ 426,309	¥ 6,077,409

LEASES - Weighted average remai

LEASES - Weighted average remaining lease terms and discount rates (Details)	Jun. 30, 2023	Jun. 30, 2022
Remaining lease terms and discount rate:
Weighted average remaining lease term (years)	23 years 10 months 24 days	16 years 2 months 4 days
Weighted average discount rate	5%	5%

LEASES - Maturities of lease li

LEASES - Maturities of lease liabilities (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Office Leases Commitment - short term
2024	¥ 3,110,862	$ 429,008
2025	26,400	3,641
Total lease payments	3,137,262	432,649
Less: imputed interest	(45,972)	(6,340)
Present value of lease liabilities	3,091,290	426,309	¥ 6,077,409
Operating lease liabilities - current	3,066,146	422,841	3,892,774
Operating lease liabilities - non-current	¥ 25,144	$ 3,468	¥ 2,184,635

LEASES - Additional information

LEASES - Additional information (Details)	12 Months Ended
LEASES - Additional information (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
LEASES
Operating lease costs	¥ 3,354,147	$ 462,558	¥ 3,443,813	¥ 2,034,105
Short-term lease	2,683,860	370,121	967,247	1,291,685
Impairment loss for the ROU	¥ 834,974	$ 115,148	¥ 0	¥ 0
Minimum
LEASES
Lease term	1 year	1 year
Maximum
LEASES
Lease term	50 years	50 years

OTHER PAYABLES - Third Parties

OTHER PAYABLES - Third Parties (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
OTHER PAYABLES
Total	¥ 5,819,010	$ 802,478	¥ 3,533,918
Third parties
OTHER PAYABLES
Professional service fees	2,246,101	309,752	2,061,016
Distributors and employees	3,073,289	423,826	1,009,307
Accrued expenses	200,218	27,611	206,045
Others	299,402	41,289	257,550
Total	¥ 5,819,010	$ 802,478	¥ 3,533,918

OTHER PAYABLES - Related Partie

OTHER PAYABLES - Related Parties (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
OTHER PAYABLES
Total	¥ 5,819,010	$ 802,478	¥ 3,533,918
Related party
OTHER PAYABLES
Expenses paid by the major shareholders	1,796,309	247,723	1,396,419
Due to family members of the owners of BHD and FGS	545,159	75,181	590,159
Due to management staff for costs incurred on behalf of the company	250,927	34,604	253,557
Total	¥ 2,592,395	$ 357,508	¥ 2,240,135

TAXES PAYABLE (Details)

TAXES PAYABLE (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
TAXES PAYABLE
VAT payable	¥ 699,601	$ 96,479	¥ 1,741,972
Income tax payable	440,030	60,683	440,030
Other taxes payable	23,375	3,224	28,956
Total taxes payable	¥ 1,163,006	$ 160,386	¥ 2,210,958

BANK LOANS - Short-term bank lo

BANK LOANS - Short-term bank loans (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
BANK LOANS
Total short-term bank loans	¥ 12,451,481	$ 1,717,138	¥ 10,000,000
Bank of Kunlun
BANK LOANS
Total short-term bank loans	950,000	131,010
Beijing Rural Commercial Bank
BANK LOANS
Total short-term bank loans			¥ 10,000,000
Industrial and Commercial Bank of China
BANK LOANS
Total short-term bank loans	10,000,000	1,379,064
China Construction Bank
BANK LOANS
Total short-term bank loans	¥ 1,501,481	$ 207,064

BANK LOANS - Short-term bank _2

BANK LOANS - Short-term bank loans - Narrative (Details)		12 Months Ended
BANK LOANS - Short-term bank loans - Narrative (Details)	Apr. 13, 2022 CNY (¥)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)	Apr. 13, 2022 USD ($)
BANK LOANS
Interest rate (as a percent)		8.90%	8.90%
Proceeds from debt		¥ 13,491,481	$ 1,860,560	¥ 10,000,000	¥ 16,020,000
Beijing Rural Commercial Bank
BANK LOANS
Interest rate (as a percent)	4.60%					4.60%
Carrying value of self-owned housing property pledged as collateral	¥ 17,600,000					$ 2,400,000
Beijing Rural Commercial Bank \| Short term borrowings one
BANK LOANS
Face amount of debt	¥ 5,600,000
Term of debt	1 year
Beijing Rural Commercial Bank \| Short term borrowings two
BANK LOANS
Term of debt	1 year
Proceeds from debt	¥ 4,400,000

BANK LOANS - Long-term bank loa

BANK LOANS - Long-term bank loan - Narrative (Details)			1 Months Ended		12 Months Ended
BANK LOANS - Long-term bank loan - Narrative (Details)	Jun. 06, 2023 CNY (¥)	Jun. 06, 2023 USD ($)	Aug. 31, 2022 CNY (¥)	Aug. 31, 2022 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)	Jun. 06, 2023 USD ($)	Aug. 31, 2022 USD ($)	Apr. 13, 2022
BANK LOANS
Interest rate (as a percent)					8.90%	8.90%
Proceeds from debt					¥ 13,491,481	$ 1,860,560	¥ 10,000,000	¥ 16,020,000
Repayments of debt					11,040,000	1,522,486	15,000,000	10,540,000
Interest expense on bank loan					416,481	57,435	¥ 486,757	¥ 602,124
Bank of Kunlun
BANK LOANS
Face amount of debt			¥ 2,900,000							$ 399,928
Term of debt			18 months	18 months
Proceeds from debt			¥ 1,000,000	$ 137,906
Repayments of debt					¥ 50,000	$ 6,896
Collateral value of debt			¥ 6,500,000							$ 900,000
Industrial and Commercial Bank of China \| Revolving loan facility
BANK LOANS
Term of debt	1 year	1 year
Interest rate (as a percent)	2.50%								2.50%
Proceeds from debt	¥ 5,000,000	$ 689,532
Repayments of debt	5,000,000	$ 689,532
Collateral value of debt \| ¥	17,600,000
Maximum borrowing capacity	10,000,000								$ 1,379,063
China Construction Bank
BANK LOANS
Face amount of debt	¥ 1,500,000								$ 207,064
Interest rate (as a percent)	3.95%								3.95%
Beijing Rural Commercial Bank
BANK LOANS
Interest rate (as a percent)											4.60%
Beijing Rural Commercial Bank \| Revolving loan facility
BANK LOANS
Collateral value of debt \| $									$ 2,400,000
Bank of Nanjing
BANK LOANS
Interest rate (as a percent)			6%							6%

SHORT-TERM BORROWINGS DUE TO _3

SHORT-TERM BORROWINGS DUE TO RELATED PARTIES - Due to related party (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
Short-term borrowings due to related parties	¥ 20,018,222	$ 2,760,639	¥ 9,009,156
Short term borrowings one
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
Short-term borrowings due to related parties			4,006,767
Debt Instrument, Maturity Date	Nov. 17, 2022
Debt Instrument, Interest Rate Percentage	4.35%
Short term borrowings two
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
Short-term borrowings due to related parties			¥ 5,002,389
Debt Instrument, Maturity Date	Dec. 26, 2022
Debt Instrument, Interest Rate Percentage	4.35%
Short Term Borrowings Three
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
Short-term borrowings due to related parties	¥ 10,004,055	1,379,622
Debt Instrument, Maturity Date	Dec. 26, 2023
Debt Instrument, Interest Rate Percentage	3.65%
Short Term Borrowings Four
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
Short-term borrowings due to related parties	¥ 4,993,950	688,697
Debt Instrument, Maturity Date	Jun. 04, 2024
Debt Instrument, Interest Rate Percentage	3.40%
Short term borrowings five.
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
Short-term borrowings due to related parties	¥ 5,020,217	$ 692,320
Debt Instrument, Maturity Date	Jun. 16, 2024
Debt Instrument, Interest Rate Percentage	3.40%

SHORT-TERM BORROWINGS DUE TO _4

SHORT-TERM BORROWINGS DUE TO RELATED PARTIES - Additional Information (Details) - Short term borrowings	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
Interest expense due to third party	¥ 326,893	$ 45,081	¥ 397,468	¥ 433,281
Guaranteed or collateralized	¥ 0		¥ 0

LONG-TERM BORROWINGS DUE TO R_3

LONG-TERM BORROWINGS DUE TO RELATED PARTY - Due to related party (Details) - Related party	Jun. 30, 2022 CNY (¥)
LONG-TERM BORROWINGS DUE TO RELATED PARTY
Long-term borrowing from a founder, monthly payments of ¥126,135 inclusive of interest at 8.90%, ten years loan, due in November 2027.	¥ 6,510,606
Less: current portion	(999,530)
Total long-term borrowings due to related party	¥ 5,511,076

LONG-TERM BORROWINGS DUE TO R_4

LONG-TERM BORROWINGS DUE TO RELATED PARTY - (Details)	12 Months Ended
LONG-TERM BORROWINGS DUE TO RELATED PARTY - (Details)	Jun. 30, 2023 CNY (¥)
LONG-TERM BORROWINGS DUE TO RELATED PARTY
Debt instrument, periodic payment	¥ 126,135
Debt instrument, interest rate, stated percentage	8.90%
Long-term borrowings \| Related party
LONG-TERM BORROWINGS DUE TO RELATED PARTY
Debt instrument, term	10 years

LONG-TERM BORROWINGS DUE TO R_5

LONG-TERM BORROWINGS DUE TO RELATED PARTY - Additional Information (Details) - Long-term borrowings	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
LONG-TERM BORROWINGS DUE TO RELATED PARTY
Guaranteed or collateralized	¥ 0		¥ 0
Interest expense, long-term debt	¥ 472,593	$ 65,174	¥ 617,611	¥ 693,641

CLASS A ORDINARY SHARES (Detail

CLASS A ORDINARY SHARES (Details)								12 Months Ended
CLASS A ORDINARY SHARES (Details)	May 01, 2024 shares	Mar. 29, 2024 USD ($) $ / shares shares	Mar. 15, 2023 USD ($) $ / shares shares	Jun. 14, 2021 USD ($) $ / shares shares	Apr. 05, 2021 Vote ¥ / shares	Dec. 26, 2019 shares	Dec. 10, 2019 $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2023 CNY (¥)	Mar. 28, 2024 USD ($) $ / shares shares	Jun. 30, 2023 CNY (¥) shares	Jun. 30, 2022 $ / shares	Jun. 30, 2022 CNY (¥) shares	Jun. 30, 2021 shares	Apr. 05, 2021 USD ($) $ / shares shares	Jun. 30, 2020 shares	May 21, 2020 shares	Dec. 10, 2019 ¥ / shares shares
CLASS A ORDINARY SHARES.
Reverse stock split ratio	0.056	0.056						0.2	0.2
Number of ordinary share in lieu of the fractional share, the shareholder was entitled to receive		1
Ordinary shares, shares outstanding	7,927,132
Number of ordinary shares called for by warrants																1,680,000	911,112
Placement agent's fees and other estimated offering expenses								$ 4,700,000	¥ 30,408,264
Percentage transfer of profit to statutory reserves								10%	10%
Transfer of profit to statutory reserves up to certain percentage of registered capital								50%	50%
Appropriated retained earnings								$ 572,163			¥ 4,148,929		¥ 4,148,929
Post 2024 Reverse Stock Split
CLASS A ORDINARY SHARES.
Number of ordinary shares called for by warrants																93,333	50,617
Class A ordinary shares
CLASS A ORDINARY SHARES.
Reverse stock split ratio	0.056	0.056					0.2
Ordinary shares, shares authorized		500,000,000						500,000,000		150,000,000	500,000,000		500,000,000		150,000,000
Par value (in dollars per share) \| (per share)		$ 0.0001	$ 0.0925	$ 0.0925	¥ 0.62			$ 0.0001		$ 0.0925		$ 0.0001			$ 0.0925
Number of ordinary share in lieu of the fractional share, the shareholder was entitled to receive						23,049,639
Ordinary shares, shares outstanding	141,703,218					4,611,720		2,306,295			2,306,295		1,704,766
Authorized share capital \| $		$ 58,000								$ 15,725,000					$ 15,725,000
Number of votes \| Vote					1
Stock issuance (in shares)			8,827,500	6,014,102
Number of ordinary shares called for by warrants			10,002,500					863,333			863,333		7,950,769	8,814,102
Class A ordinary shares \| Post 2024 Reverse Stock Split
CLASS A ORDINARY SHARES.
Ordinary shares, shares authorized															8,333,333
Par value (in dollars per share) \| $ / shares			$ 1.67	$ 1.67											$ 1.67
Number of ordinary share in lieu of the fractional share, the shareholder was entitled to receive						1,280,536
Ordinary shares, shares outstanding						256,207
Stock issuance (in shares)			490,417	334,117
Number of ordinary shares called for by warrants			555,694					47,963			47,963		441,710	489,673
Class A ordinary shares \| Minimum
CLASS A ORDINARY SHARES.
Ordinary shares, shares authorized							20,000,000											20,000,000
Par value (in dollars per share) \| $ / shares							$ 0.0185
Class A ordinary shares \| Maximum
CLASS A ORDINARY SHARES.
Ordinary shares, shares authorized							100,000,000											100,000,000
Par value (in dollars per share) \| (per share)							$ 0.0925											¥ 0.62
Class A ordinary shares \| Maximum \| Post 2024 Reverse Stock Split
CLASS A ORDINARY SHARES.
Par value (in dollars per share) \| $ / shares							$ 1.67
Class B ordinary shares
CLASS A ORDINARY SHARES.
Reverse stock split ratio								0.056	0.056
Ordinary shares, shares authorized		80,000,000						80,000,000		20,000,000	80,000,000		80,000,000		20,000,000
Par value (in dollars per share) \| (per share)		$ 0.0001			¥ 0.62			$ 0.0001		$ 0.0925		$ 0.0001			$ 0.0925
Ordinary shares, shares outstanding								7,100,000			7,100,000		4,100,000
Authorized share capital \| $															$ 1,850,000
Number of votes \| Vote					15
Pre-funded warrants
CLASS A ORDINARY SHARES.
Stock issuance (in shares)			1,175,000	2,800,000
Number of ordinary shares called for by warrants			10,002,500	8,814,102
Gross proceeds \| $			$ 8,000,000	$ 55,000,000
Pre-funded warrants \| Post 2024 Reverse Stock Split
CLASS A ORDINARY SHARES.
Stock issuance (in shares)			65,278	155,556
Number of ordinary shares called for by warrants			555,694	489,673

CLASS A ORDINARY SHARES - Pre f

CLASS A ORDINARY SHARES - Pre funded warrants (Details) - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
CLASS A ORDINARY SHARES
Weighted average remaining period, outstanding	5 years 6 months
Pre-funded warrants
CLASS A ORDINARY SHARES
Warrants Outstanding		81,667
Issued	65,278
Exercised		(81,667)
Warrants Outstanding	65,278		81,667
Weighted average exercise price outstanding per share		$ 0.18
Issued	$ 0.18
Exercised		$ 0.18
Weighted average exercise price outstanding per share	$ 0.18		$ 0.18
Weighted average remaining period, outstanding	5 years 2 months 19 days		5 years 5 months 15 days
Issued		5 years 6 months

ORDINARY SHARES PURCHASE WARR_3

ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS (Details)			12 Months Ended
	Jun. 26, 2020 item $ / shares	May 21, 2020 USD ($) item $ / shares shares	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥) Y shares	Jun. 30, 2023 USD ($) Y $ / shares shares	Mar. 15, 2023 USD ($) Y shares	Jun. 30, 2022 CNY (¥) Y shares	Jun. 30, 2022 USD ($) Y $ / shares shares	Jun. 30, 2021 USD ($) Y shares	Jun. 30, 2020 USD ($) $ / shares shares
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Number of offerings \| item	2	2
Number of warrants to purchase ordinary shares		911,112								1,680,000
Exercise price of warrants (in dollars per share) \| $ / shares	$ 1.25	$ 2.25								$ 1.25
Fair value of warrants \| $		$ 1,689,389			$ 560,000	$ 2,750,000		$ 27,030,000	$ 34,860,000	$ 1,639,333
Fair value of the warrant liability				¥ 31,615,668	4,360,000		¥ 16,677,328
Change fair value changes of warrants liability, Aggregate amount \| $			$ 320,000
Post 2024 Reverse Stock Split
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Number of warrants to purchase ordinary shares		50,617								93,333
Exercise price of warrants (in dollars per share) \| $ / shares	$ 22.50	$ 40.50								$ 22.50
Warrant 2021
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Fair value of the warrant liability				13,995,009	1,930,000			$ 2,490,000
Number of warrants							489,673	489,673
Warrant 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Fair value of the warrant liability				¥ 17,620,659	$ 2,430,000
Number of warrants				555,694	555,694	555,694
Class A ordinary shares
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Number of warrants to purchase ordinary shares				863,333	863,333	10,002,500	7,950,769	7,950,769	8,814,102
Exercise price of warrants (in dollars per share) \| $ / shares					$ 6.24			$ 0.80
Class A ordinary shares \| Post 2024 Reverse Stock Split
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Number of warrants to purchase ordinary shares				47,963	47,963	555,694	441,710	441,710	489,673
Exercise price of warrants (in dollars per share) \| $ / shares					$ 112.32			$ 14.40
Risk free interest rate
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input		0.40								0.35
Risk free interest rate \| Warrant 2021
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input				0.0441	0.0441		0.0300	0.0300
Risk free interest rate \| Warrant 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input				3.59	3.59	3.58
Measurement input, expected term
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants and rights outstanding, term		5 years 6 months								5 years 6 months
Measurement input, expected term \| Warrant 2021
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input \| Y				3.47	3.47		3.47	3.47	4.46
Measurement input, expected term \| Warrant 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input \| Y				5.22	5.22	5.50
Measurement input, price volatility
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input		99.50								104.26
Measurement input, price volatility \| Warrant 2021
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input				1.27	1.27		1.09	1.09
Measurement input, price volatility \| Warrant 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input				110	110	110
Measurement input, expected dividend rate
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input		0								0

ORDINARY SHARES PURCHASE WARR_4

ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS - Measurement inputs (Details)	Jun. 30, 2023 $ / shares ¥ / shares Y shares	Mar. 15, 2023 ¥ / shares Y shares	Jun. 30, 2022 Y $ / shares shares	Jun. 30, 2021 Y	Jun. 30, 2020	May 21, 2020
Warrant 2021
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Number of warrants \| shares			489,673
Number of warrants, remaining \| shares	47,963
Number of warrants, adjusted \| shares	441,710
Warrant 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Number of warrants \| shares	555,694	555,694
Share price \| Warrant 2021
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input \| $ / shares	0.34		0.66
Share price \| Warrant 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input \| ¥ / shares	0.34	0.37
Risk free interest rate
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input					0.35	0.40
Risk free interest rate \| Warrant 2021
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input	0.0441		0.0300
Risk free interest rate \| Warrant 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input	3.59	3.58
volatility
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input					104.26	99.50
volatility \| Warrant 2021
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input	1.27		1.09
volatility \| Warrant 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input	110	110
Exercise price \| Warrant 2021
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input \| $ / shares			112.32
Warrants outstanding, measurement input, remaining \| $ / shares	112.32
Warrants outstanding, measurement input, adjusted \| $ / shares	14.40
Exercise price \| Warrant 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input \| ¥ / shares	14.40	14.40
Warrant life \| Warrant 2021
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input \| Y	3.47		3.47	4.46
Warrant life \| Warrant 2023
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants outstanding, measurement input \| Y	5.22	5.50

ORDINARY SHARES PURCHASE WARR_5

ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS - Liabilities (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Liabilities:
Warrant liability	$ 4,360,000	$ 2,490,000
Level 3
Liabilities:
Warrant liability	$ 4,360,000	$ 2,490,000

ORDINARY SHARES PURCHASE WARR_6

ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS - Warrant activities (Details) - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Weighted average remaining period, outstanding	5 years 6 months
Warrant
ORDINARY SHARES PURCHASE WARRANTS ISSUED TO INVESTORS
Warrants Outstanding	489,673	489,673
Issued	555,694
Warrants Outstanding	1,045,367	489,673	489,673
Weighted average exercise price outstanding per share	$ 112.32	$ 112.32
Issued	14.40
Weighted average exercise price outstanding per share	$ 18.90	$ 112.32	$ 112.32
Weighted average remaining period, outstanding	4 years 4 months 24 days	4 years 5 months 15 days	5 years 5 months 15 days

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - $ / shares	12 Months Ended
SHARE-BASED COMPENSATION (Details) - $ / shares	Jun. 30, 2023	Jun. 30, 2022
SHARE-BASED COMPENSATION.
Stock Options, Shares, Outstanding at Beginning	4,444	6,084
Stock Options, Shares, Granted	0	0
Forfeited	0	(1,640)
Stock Option, Shares, Exercised	0	0
Stock Option, Shares, Expired	0	0
Stock Options, Shares, Outstanding at Ending	4,444	4,444
Stock Options, Weighted Average Exercise Price Per share, Outstanding at Beginning	$ 148.50	$ 180.36
Stock Options, Weighted Average Exercise Price Per share, Granted	0	0
Stock Options, Weighted Average Exercise Price Per share, Forfeited	0	266.40
Stock Options, Weighted Average Exercise Price Per share, Exercised	0	0
Stock Options, Weighted Average Exercise Price Per share, Expired	0	0
Stock Options, Weighted Average Exercise Price Per share, Outstanding at Ending	$ 148.50	$ 148.50

SHARE-BASED COMPENSATION - Opti

SHARE-BASED COMPENSATION - Option outstanding (Details)	12 Months Ended
SHARE-BASED COMPENSATION - Option outstanding (Details)	Jun. 30, 2023 $ / shares shares
SHARE-BASED COMPENSATION
Outstanding Options, Number (in shares)	4,444
Exercisable Options, Average Remaining Contractual life (years)	2 months 15 days
Stock option one [Member]
SHARE-BASED COMPENSATION
Outstanding Options, Average Exercise Price \| $ / shares	$ 148.50
Outstanding Options, Number (in shares)	4,444
Outstanding Options, Average Remaining Contractual life (Years)	1 year 7 months 2 days
Exercisable Options, Average Exercise Price \| $ / shares	$ 148.50
Exercisable Options, Number (in shares)	4,444
Exercisable Options, Average Remaining Contractual life (years)	1 year 7 months 2 days

SHARE-BASED COMPENSATION - Rest

SHARE-BASED COMPENSATION - Restricted shares (Details) - shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
SHARE-BASED COMPENSATION
Granted - Shares	0	0
Restricted Stock [Member]
SHARE-BASED COMPENSATION
Non-vested, Beginning Balance - Shares	120,407	7,244
Granted - Shares	277,778	405,130
Vested - Shares	(226,247)	(291,967)
Non-vested, Ending Balance - Shares	171,938	120,407

SHARE-BASED COMPENSATION - Stat

SHARE-BASED COMPENSATION - Status of restricted stock (Details) - Restricted shares	12 Months Ended
	Jun. 30, 2023 $ / shares shares
Outstanding Restricted Shares, Number	171,938
Fair Value per Share 1.04
Outstanding Restricted Shares, Number	60,827
Outstanding Restricted Shares, Average Remaining Amortization Period (Years)	1 year 8 months 1 day
Outstanding Restricted Shares, Fair Value per Share \| $ / shares	$ 18.72
Fair Value per Share 1.29
Outstanding Restricted Shares, Number	111,111
Outstanding Restricted Shares, Average Remaining Amortization Period (Years)	2 months 15 days
Outstanding Restricted Shares, Fair Value per Share \| $ / shares	$ 6.66

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Details)									1 Months Ended	12 Months Ended
SHARE-BASED COMPENSATION - Additional Information (Details)	Mar. 15, 2023 USD ($) $ / shares shares	Mar. 09, 2023 USD ($) $ / shares shares	Feb. 28, 2022 USD ($) $ / shares shares	Jan. 05, 2022 USD ($) $ / shares shares	Dec. 10, 2021 $ / shares shares	Dec. 05, 2021 USD ($) $ / shares shares	Nov. 10, 2021 shares	Aug. 21, 2018 USD ($) $ / shares shares	Jan. 31, 2022 shares	Jun. 30, 2023 CNY (¥) shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 CNY (¥) shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 CNY (¥) shares	Jun. 30, 2021 USD ($) shares	Jun. 30, 2020 USD ($)	Dec. 31, 2021 $ / shares
SHARE-BASED COMPENSATION
Exercisable Options, Average Remaining Contractual life (years)										2 months 15 days	2 months 15 days
Number of shares expected to be vested										4,444	4,444
Shares								487,057
Exercise price (per share) \| $ / shares				$ 1.29
Post 2024 Reverse Stock Split
SHARE-BASED COMPENSATION
Shares								27,059
Exercise price (per share) \| $ / shares				$ 23.22
Share-Based Payment Arrangement, Option
SHARE-BASED COMPENSATION
Stock or Unit Option Plan Expense \| ¥										¥ 0		¥ 0		¥ 0
Share-based compensation \| $											$ 0
Restricted shares
SHARE-BASED COMPENSATION
Stock or Unit Option Plan Expense										¥ 26,191,707	$ 3,612,002	¥ 39,263,485		¥ 6,140,037
Share-based compensation arrangement by share-based payment award, equity instruments other than options, vested in period, fair value \| $			$ 1,708,024
Restricted stock closing price \| $ / shares			$ 1.04		$ 1.60
Restricted shares issued (in shares)										547,444	547,444
Number of shares expected to be vested										1,094,887	1,094,887
Outstanding Restricted Shares, Number										171,938	171,938
Shares outstanding												4,100,000	4,100,000	0	0
Granted during the period			1,642,331
Restricted shares \| Senior Manager
SHARE-BASED COMPENSATION
Share-based compensation \| $											$ 1,100,000
Outstanding Restricted Shares, Average Remaining Amortization Period (Years)										1 year 5 months 15 days	1 year 5 months 15 days
Restricted shares \| Senior Manager \| Class B ordinary shares
SHARE-BASED COMPENSATION
Shares outstanding										3,000,000	3,000,000
Restricted shares \| Management
SHARE-BASED COMPENSATION
Share-based compensation \| ¥										¥ 8,000,000
Share-based compensation arrangement by share-based payment award, equity instruments other than options, vested in period, fair value \| $		$ 3,025,000	$ 1,694,000			$ 4,175,000
Restricted stock closing price \| $ / shares		$ 1.01	$ 1.06			$ 1.67
Granted during the period		3,000,000	1,600,000			2,500,000
Restricted shares \| Post 2024 Reverse Stock Split
SHARE-BASED COMPENSATION
Restricted stock closing price \| $ / shares			$ 18.72		$ 28.80
Restricted shares issued (in shares)										30,414	30,414
Number of shares expected to be vested										60,827	60,827
Granted during the period			91,241
Restricted shares \| Post 2024 Reverse Stock Split \| Senior Manager
SHARE-BASED COMPENSATION
Shares outstanding												7,148	7,148
Restricted shares \| August 2018
SHARE-BASED COMPENSATION
Share-based compensation arrangement by share-based payment award, equity instruments other than options, vested in period, fair value \| $								$ 2,523,240
Restricted stock closing price \| $ / shares								$ 6.45
Granted during the period								391,200
Restricted shares \| August 2018 \| Independent Company
SHARE-BASED COMPENSATION
Number of shares issued				1,050,000
Stock issued value for services \| $				$ 1,354,500
Restricted shares \| August 2018 \| Post 2024 Reverse Stock Split
SHARE-BASED COMPENSATION
Restricted stock closing price \| $ / shares								$ 116.10
Granted during the period								21,733
Restricted shares \| August 2018 \| Post 2024 Reverse Stock Split \| Independent Company
SHARE-BASED COMPENSATION
Number of shares issued				58,333
Restricted class A ordinary shares
SHARE-BASED COMPENSATION
Stock or Unit Option Plan Expense \| ¥										¥ 5,805,840		¥ 8,935,920		¥ 0
Share-based compensation										¥ 1,124,546	$ 155,082		$ 800,662		$ 800,662	$ 800,662
Restricted shares issued for services (in shares)					250,000		500,000		250,000
Shares outstanding										1,000,000	1,000,000	1,550,000	1,550,000	0	0
Restricted class A ordinary shares \| Independent Company
SHARE-BASED COMPENSATION
Restricted stock closing price \| $ / shares																	$ 1.31
Restricted class A ordinary shares \| Senior Manager
SHARE-BASED COMPENSATION
Shares outstanding										1,000,000	1,000,000	128,672	128,672	188,662	188,662
Shares										1,000,000	1,000,000	128,672	128,672	188,662	188,662
Restricted class A ordinary shares \| Employee and business consultants
SHARE-BASED COMPENSATION
Exercise price (per share) \| $ / shares	$ 0.3726
Number of shares issued	1,000,000
Stock issued value for services \| $	$ 372,600
Restricted class A ordinary shares \| Post 2024 Reverse Stock Split
SHARE-BASED COMPENSATION
Restricted shares issued for services (in shares)					13,889		27,778		13,889
Shares outstanding										55,556	55,556	86,111	86,111
Restricted class A ordinary shares \| Post 2024 Reverse Stock Split \| Independent Company
SHARE-BASED COMPENSATION
Restricted stock closing price \| $ / shares																	$ 23.58
Restricted class A ordinary shares \| Post 2024 Reverse Stock Split \| Senior Manager
SHARE-BASED COMPENSATION
Shares outstanding										55,556	55,556			10,481	10,481
Shares										55,556	55,556	7,148	7,148	10,481	10,481
Restricted class A ordinary shares \| Post 2024 Reverse Stock Split \| Employee and business consultants
SHARE-BASED COMPENSATION
Exercise price (per share) \| $ / shares	$ 6.71
Number of shares issued	55,556

INCOME TAX - Income (loss) befo

INCOME TAX - Income (loss) before provision for income taxes (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
INCOME TAX
Outside China areas	¥ (34,038,460)	$ (4,694,118)	¥ 113,741,972	¥ 4,011,449
China	(27,419,593)	(3,781,335)	(20,066,451)	(30,402,528)
Total	¥ (61,458,053)	$ (8,475,453)	¥ 93,675,521	¥ (26,391,079)

INCOME TAX - Deferred tax asset

INCOME TAX - Deferred tax assets and liabilities, net (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Deferred tax assets:
Allowance for credit losses	¥ 1,019,592	$ 140,608	¥ 1,781,573
Impairment for inventory	90,322	12,456	59,913
Net operating loss carryforwards	23,290,731	3,211,938	16,511,047
Subtotal	24,400,645	3,365,002	18,352,533
Less: Valuation allowance	(24,107,246)	(3,324,540)	(17,193,874)
Total deferred tax assets, net	293,399	40,462	1,158,659
Deferred tax liabilities:
Accelerated amortization of intangible assets	(146,511)	(20,205)	(119,271)
Gain on the previously held equity method investment	(146,888)	(20,257)	(146,888)
Recognition of customer relationship arising from business combinations	0	0	(892,500)
Total deferred tax liabilities	(293,399)	(40,462)	(1,158,659)
Deferred tax liabilities, net	¥ 0	$ 0	¥ 0

INCOME TAX - NOL expiration (De

INCOME TAX - NOL expiration (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
INCOME TAX
2024	¥ 13,146,922	$ 1,813,043
2025	10,484,902	1,445,934
2026	19,617,124	2,705,325
2027	32,533,742	4,486,608
2028	57,811,664	7,972,593
Total	¥ 133,594,354	$ 18,423,503	¥ 94,600,000

INCOME TAX - Reconciliation of

INCOME TAX - Reconciliation of income tax expense (benefit) (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
INCOME TAX
Income tax (benefits) expenses calculated at PRC statutory rates	¥ (15,364,513)	$ (2,118,863)	¥ 23,418,880	¥ (6,597,770)
Nondeductible expenses and others	539,247	74,366	263,655	338,058
Effect of tax rate differential	7,949,048	1,096,224	(24,061,020)	626,245
Benefit of revenue exempted from enterprise income tax	(18,814)	(2,595)	(1,799)	(57,250)
Change in valuation allowances	6,913,371	953,397	(233,590)	5,264,804
Tax refund	0	0		(98,338)
Expense (benefit) for income tax	¥ 18,339	$ 2,529	¥ (613,874)	¥ (524,251)

INCOME TAX - Income tax expense

INCOME TAX - Income tax expense (benefit) (Details)	12 Months Ended
INCOME TAX - Income tax expense (benefit) (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
INCOME TAX
Current income tax provision (benefit)	¥ 18,339	$ 2,529	¥ 10,214	¥ (98,338)
Deferred income tax benefit	0	0	(624,088)	(425,913)
Expense (benefit) for income tax	¥ 18,339	$ 2,529	¥ (613,874)	¥ (524,251)

INCOME TAX - Additional Informa

INCOME TAX - Additional Information (Details)	12 Months Ended
INCOME TAX - Additional Information (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
INCOME TAX
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	25%	25%
Cumulative net operating loss	¥ 133,594,354		$ 18,423,503	¥ 94,600,000
Additional NOL incurred by VIEs and VIEs' subsidiaries	¥ 39,000,000	$ 5,400,000
Nanjing Recon
INCOME TAX
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	15%	15%
Beijing Bhd Petroleum Technology Co Ltd
INCOME TAX
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	15%	15%

NON-CONTROLLING INTEREST (Detai

NON-CONTROLLING INTEREST (Details)		12 Months Ended
NON-CONTROLLING INTEREST (Details)		Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
NON-CONTROLLING INTEREST
Paid-in capital	[1]	¥ 580,340,061		¥ 516,426,799		$ 80,032,554
Accumulated other comprehensive loss		35,127,173		11,307,461		4,844,259
Total non-controlling interests		(10,056,059)		(7,746,968)		(1,386,793)
Capital contribution received		0	$ 0	0	¥ 50,000
Non-controlling Interest
NON-CONTROLLING INTEREST
Paid-in capital		6,656,000		6,656,000		917,904	$ 993,771
Unappropriated retained earnings (deficit)		(2,601,356)		(292,265)		(358,742)	(43,635)
Accumulated other comprehensive loss		(30,703)		(30,703)		(4,234)	(4,584)
Total non-controlling interests		(10,056,059)		(7,746,968)		(1,386,793)	(1,156,656)
Valuation increase shared by minority shareholders		34,790,000		34,790,000		4,797,760	5,194,303
Capital contribution receivable due from non-controlling Interest		(48,870,000)		(48,870,000)		$ (6,739,481)	$ (7,296,511)
BHD \| Non-controlling Interest
NON-CONTROLLING INTEREST
Paid-in capital		1,651,000		1,651,000
Unappropriated retained earnings (deficit)		3,477,494		3,477,493
Accumulated other comprehensive loss		(18,850)		(18,850)
Total non-controlling interests		5,109,644		5,109,643
Nanjing Recon \| Non-controlling Interest
NON-CONTROLLING INTEREST
Paid-in capital		200,000		200,000
Unappropriated retained earnings (deficit)		3,616,001		3,616,001
Accumulated other comprehensive loss		(11,853)		(11,853)
Total non-controlling interests		3,804,148		3,804,148
Gan Su BHD \| Non-controlling Interest
NON-CONTROLLING INTEREST
Paid-in capital		4,805,000		4,805,000
Unappropriated retained earnings (deficit)		(6,336,893)		(4,972,129)
Total non-controlling interests		(1,531,893)		(167,129)
Qinghai BHD \| Non-controlling Interest
NON-CONTROLLING INTEREST
Unappropriated retained earnings (deficit)		(1,561,196)		(1,520,225)
Total non-controlling interests		(1,561,196)		(1,520,225)
FGS \| Non-controlling Interest
NON-CONTROLLING INTEREST
Unappropriated retained earnings (deficit)		(1,796,762)		(893,405)
Total non-controlling interests		(15,876,762)		(14,973,405)
Valuation increase shared by minority shareholders		34,790,000		34,790,000
Capital contribution receivable due from non-controlling Interest		¥ (48,870,000)		¥ (48,870,000)

[1]Retrospectively restated for the 1

CONCENTRATIONS (Details)

CONCENTRATIONS (Details) $ in Millions	12 Months Ended
CONCENTRATIONS (Details) $ in Millions	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021	Jun. 30, 2023 USD ($)	Jun. 30, 2023 HKD ($)
China
CONCENTRATIONS
Cash was on deposit at financial institutions	¥ 45,500,000	¥ 20,300,000		$ 6.3
Maximum insured bank deposit \| ¥	500,000
Unprotected cash held in banks	40,000,000	17,800,000		5.5
Hong Kong
CONCENTRATIONS
Cash was on deposit at financial institutions	240,300,000	297,200,000		33.1
Maximum insured bank deposit \| $					$ 500,000
Unprotected cash held in banks	¥ 238,800,000	¥ 296,800,000		$ 32.9
China National Petroleum Corporation \| Customer concentration \| Sales revenue
CONCENTRATIONS
Concentration risk, percentage	50%	39%	43%
China National Petroleum Corporation \| Customer concentration \| Accounts Receivable
CONCENTRATIONS
Concentration risk, percentage	49%	29%	27%
SINOPEC \| Customer concentration \| Sales revenue
CONCENTRATIONS
Concentration risk, percentage	28%	22%
SINOPEC \| Customer concentration \| Accounts Receivable
CONCENTRATIONS
Concentration risk, percentage	22%	13%
Another Customer \| Customer One \| Sales revenue
CONCENTRATIONS
Concentration risk, percentage			32%
Another Customer \| Customer One \| Accounts Receivable
CONCENTRATIONS
Concentration risk, percentage		19%	11%
Another Customer \| Customer Two \| Sales revenue
CONCENTRATIONS
Concentration risk, percentage			31%
Another Customer \| Customer Two \| Accounts Receivable
CONCENTRATIONS
Concentration risk, percentage		14%	10%
Another Customer \| Customer concentration \| Sales revenue
CONCENTRATIONS
Concentration risk, percentage	10%
Another Customer \| Customer concentration \| Accounts Receivable
CONCENTRATIONS
Concentration risk, percentage	14%

COMMITMENTS AND CONTINGENCY - P

COMMITMENTS AND CONTINGENCY - Purchase commitment (Details) - Jun. 30, 2023 - Purchase Commitment	CNY (¥)	USD ($)
Purchase commitment
2024	¥ 22,395,958	$ 3,088,544
2025	300,000	41,372
2026	150,000	20,686
Total minimum payments required	¥ 22,845,958	$ 3,150,602

COMMITMENTS AND CONTINGENCY - O

COMMITMENTS AND CONTINGENCY - Office Leases Commitment - short term (Details) - Jun. 30, 2023	CNY (¥)	USD ($)
Office Leases Commitment - short term
Total lease payments	¥ 3,137,262	$ 432,649
Office Leases Commitment
Office Leases Commitment - short term
2024	336,527	46,409
Total lease payments	¥ 336,527	$ 46,409

COMMITMENTS AND CONTINGENCY - A

COMMITMENTS AND CONTINGENCY - Additional Information (Details)									12 Months Ended
	Oct. 25, 2023 CNY (¥)	Oct. 25, 2023 USD ($)	Sep. 25, 2023 CNY (¥)	Sep. 25, 2023 USD ($)	Aug. 25, 2023 CNY (¥)	Aug. 25, 2023 USD ($)	Jan. 09, 2023 CNY (¥)	Jan. 09, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Dec. 01, 2021 CNY (¥)	Dec. 01, 2021 USD ($)
COMMITMENTS AND CONTINGENCY
Severance Payments									¥ 7,000,000	$ 1,000,000
Legal contingencies \| Henan Puxinfangfu Construction Engineering Co., Ltd.
COMMITMENTS AND CONTINGENCY
Restricted cash balance														¥ 700,000	$ 100,000
Trade accounts payable due									1,820,000				$ 300,000
Amount paid to the Plaintiff											¥ 855,197	$ 117,937
Amount of damages claimed							¥ 1,800,000	$ 300,000	2,000,000	300,000
Legal contingencies \| Jiuquan Third Construction and Installation Engineering Company
COMMITMENTS AND CONTINGENCY
Amount paid to the Plaintiff					¥ 2,800,000	$ 380,000			¥ 1,000,000	$ 140,000
Amount of damages claimed	¥ 1,000,000	$ 140,000	¥ 1,000,000	$ 140,000

RELATED PARTY TRANSACTIONS AN_3

RELATED PARTY TRANSACTIONS AND BALANCES - Sales to a related party (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
RELATED PARTY TRANSACTIONS AND BALANCES
Total revenues from related party	¥ 67,114,378	$ 9,255,496	¥ 83,777,571	¥ 47,938,575
Gan Su BHD \| Urumqi Yikeli Automatic Control Equipment Co., Ltd
RELATED PARTY TRANSACTIONS AND BALANCES
Non controlling ownership interest (as a percent)	10%	10%
Related party
RELATED PARTY TRANSACTIONS AND BALANCES
Total revenues from related party	¥ 0	$ 0	0	85,657
Related party \| Urumqi Yikeli Automatic Control Equipment Co., Ltd
RELATED PARTY TRANSACTIONS AND BALANCES
Total revenues from related party	¥ 0	$ 0	¥ 0	¥ 85,657

RELATED PARTY TRANSACTIONS AN_4

RELATED PARTY TRANSACTIONS AND BALANCES - Prepaid expense (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
RELATED PARTY TRANSACTIONS AND BALANCES
Prepaid expenses	¥ 350,119	$ 48,284	¥ 420,284
Related party
RELATED PARTY TRANSACTIONS AND BALANCES
Prepaid expenses	0	0	275,000
Founders
RELATED PARTY TRANSACTIONS AND BALANCES
Prepaid expenses	¥ 0	$ 0	¥ 275,000

RELATED PARTY TRANSACTIONS AN_5

RELATED PARTY TRANSACTIONS AND BALANCES - Leases from related parties (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
RELATED PARTY TRANSACTIONS AND BALANCES
Rights of use lease assets, net	¥ 2,654,900		$ 366,127	¥ 6,666,759
Operating lease liabilities	3,091,290		426,309	6,077,409
Related party
RELATED PARTY TRANSACTIONS AND BALANCES
Monthly rent	94,167	$ 12,986
Annual rental expense	1,100,000	160,000
Rights of use lease assets, net	335,976		46,333	765,241
Operating lease liabilities	335,976		$ 46,333	¥ 765,241
Founder one
RELATED PARTY TRANSACTIONS AND BALANCES
Monthly rent	¥ 40,000	$ 5,516
Lessee, Operating Lease, Period of Contract	April 1, 2022 - March 31, 2024	April 1, 2022 - March 31, 2024
Founder two
RELATED PARTY TRANSACTIONS AND BALANCES
Monthly rent	¥ 31,667	$ 4,367
Lessee, Operating Lease, Period of Contract	January 1, 2023- Dec 31, 2023	January 1, 2023- Dec 31, 2023
Founder three
RELATED PARTY TRANSACTIONS AND BALANCES
Monthly rent	¥ 22,500	$ 3,103
Lessee, Operating Lease, Period of Contract	January 1, 2023 - Dec 31, 2023	January 1, 2023 - Dec 31, 2023

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2020 CNY (¥)
Current assets
Cash	¥ 104,125,800	$ 14,359,604	¥ 316,974,857
Notes receivable	3,742,390	516,099	10,828,308
Accounts receivable, net	27,453,415	3,785,999	22,577,980
Inventories, net	6,330,701	873,044	3,894,369
Other receivables, net	2,185,733	301,427	5,501,833
Loans to third parties	123,055,874	16,970,181	50,383,822
Purchase advances, net	2,680,456	369,652	178,208
Contract costs, net	49,572,685	6,836,386	33,858,820
Prepaid expenses	350,119	48,284	420,284
Prepaid expenses - related parties			275,000
Total current assets	504,413,173	69,561,759	445,617,041
Property and equipment, net	24,752,864	3,413,576	25,474,162
Construction in progress			239,739
Intangible assets, net			5,950,000
Long-term other receivables, net	3,640	502	1,564,381
Goodwill			4,730,002
Operating lease right-of-use assets	2,654,900	366,127	6,666,759
Total Assets	531,824,577	73,341,964	490,242,084
LIABILITIES
Short-term bank loans	12,451,481	1,717,138	10,000,000
Business advances to officers and staffs	10,791,721	1,488,246	16,739,989
Other payables	5,819,010	802,478	3,533,918
Other payable- related parties	2,592,395	357,508	2,240,135
Contract liabilities	2,748,365	379,017	2,001,277
Accrued payroll and employees' welfare	2,382,516	328,564	2,250,547
Taxes payable	1,163,006	160,386	2,210,958
Short-term borrowings - related parties	20,018,222	2,760,639	9,009,156
Operating lease liabilities - current	3,066,146	422,841	3,892,774
Total Current Liabilities	61,032,862	8,416,817	52,878,284
Operating lease liabilities - non-current	25,144	3,468	2,184,635
Contract liabilities - non-current			106,000
Total Liabilities	92,673,674	12,780,285	77,357,323
VIE
Current assets
Cash	37,661,118	5,092,821	18,033,666
Restricted cash	731,545	100,885	723,560
Notes receivable	3,742,390	516,099	10,828,308
Accounts receivable, net	27,453,415	3,785,999	22,577,980
Inventories, net	6,330,701	873,044	3,894,369
Other receivables, net	11,618,275	1,602,233	5,500,981
Loans to third parties	37,770,188	5,208,747	30,270,563
Purchase advances, net	1,592,761	219,652	178,208
Contract costs, net	49,572,685	6,836,386	33,858,820
Prepaid expenses	121,329	16,732	165,120
Prepaid expenses - related parties	0	0	275,000
Total current assets	176,594,407	24,252,598	126,306,575
Property and equipment, net	24,752,864	3,413,576	25,474,162
Construction in progress	0	0	239,739
Intangible assets, net	0	0	5,950,000
Long-term other receivables, net	3,640	502	1,564,381
Goodwill	0	0	4,730,002
Operating lease right-of-use assets	2,654,900	366,127	6,666,759
Total Assets	204,005,811	28,032,803	170,931,618
LIABILITIES
Short-term bank loans	12,451,481	1,717,138	10,000,000
Business advances to officers and staffs	10,791,721	1,488,246	12,826,108
Other payables	3,904,135	538,405	1,469,761
Other payable- related parties	1,356,915	187,127	1,061,081
Contract liabilities	2,748,361	379,017	2,001,277
Accrued payroll and employees' welfare	1,048,061	144,534	1,213,040
Intercompany payables	263,935,922	36,398,428	194,373,010
Taxes payable	1,163,237	160,418	2,211,190
Short-term borrowings - related parties	20,018,222	2,760,639	9,009,156
Long-term borrowings - related party - current portion	0	0	999,530
Operating lease liabilities - current	3,066,146	422,841	3,892,774
Total Current Liabilities	320,484,201	44,196,793	239,056,927
Operating lease liabilities - non-current	25,144	3,468	2,184,635
Contract liabilities - non-current	0	0	106,000
Long-term borrowings - related party	0	0	5,511,076
Deferred tax liability	0	0	187,972
Total Liabilities	320,509,345	44,200,261	247,046,610
RECON TECHNOLOGY LTD
Current assets
Cash	236,146,589	32,566,104	296,838,959	$ 40,935,964	¥ 325,116,815	¥ 22,238,980
Other receivables, net	291,525,426	40,203,195	205,224,961
Total current assets	607,708,032	83,806,770	522,428,344
Total Assets	484,787,542	66,855,259	444,861,509
LIABILITIES
Other payables	3,964,912	546,786	7,552,452
Total Current Liabilities	3,964,912	546,786	7,552,452
Total Liabilities	35,580,580	4,906,786	24,229,780
Related party
Current assets
Prepaid expenses	0	0	275,000
Operating lease right-of-use assets	335,976	46,333	765,241
LIABILITIES
Other payables	2,592,395	357,508	2,240,135
Long-term borrowings - related party - current portion			999,530
Operating lease liabilities - current	335,976	46,333	429,265
Operating lease liabilities - non-current	¥ 0	$ 0	335,976
Long-term borrowings - related party			¥ 5,511,076

VARIABLE INTEREST ENTITIES - Ad

VARIABLE INTEREST ENTITIES - Additional Information (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)
Variable Interest Entity [Line Items]
Revenue	¥ 67,114,378	$ 9,255,496	¥ 83,777,571		¥ 47,938,575
Operating expenses	88,199,718	12,163,297	101,738,154		68,793,976
Net loss	59,167,301	8,159,544	(95,586,795)		22,832,734
VIE
Variable Interest Entity [Line Items]
Revenue	67,114,378	9,255,496	83,777,571	$ 12,508,368	47,817,378
Operating expenses	35,547,439	4,902,216	35,725,237	5,333,938	36,704,840
Net loss	¥ 26,349,629	$ 3,633,780	¥ 18,180,305	$ 2,714,401	¥ 29,407,210

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details)	12 Months Ended
SEGMENT REPORTING (Details)	Jun. 30, 2023 CNY (¥) segment	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
Number of operating segments	4	4
Total revenue	¥ 67,114,378	$ 9,255,496	¥ 83,777,571	¥ 47,938,575
Automation product and software
Total revenue	26,628,216	3,672,199	31,944,055	18,535,166
Equipment, accessories and others
Total revenue	16,248,197	2,240,729	17,159,381	15,791,623
Oilfield environmental protection
Total revenue	19,116,560	2,636,294	25,335,363	11,043,979
Platform Outsourcing Services
Total revenue	¥ 5,121,405	$ 706,274	¥ 9,338,772	¥ 2,567,807

SEGMENT REPORTING - Company's r

SEGMENT REPORTING - Company's revenue (Details)	12 Months Ended
SEGMENT REPORTING - Company's revenue (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
Revenue	¥ 67,114,378	$ 9,255,496	¥ 83,777,571	¥ 47,938,575
Cost of revenue and related tax	48,247,395	6,653,620	64,352,834	40,723,547
Gross profit	18,866,983	2,601,876	19,424,737	7,215,028
Depreciation and amortization	3,683,586	507,990	3,339,868	3,150,789
Total capital expenditures	940,673		999,652	522,416
Goods transferred at a point in time
Revenue	58,475,918		74,222,033	46,549,014
Services rendered over time
Revenue	8,638,460		9,555,538	1,389,561
Automation product and software
Revenue	26,628,216	3,672,199	31,944,055	18,535,166
Cost of revenue and related tax	23,610,281		29,824,014	19,942,541
Gross profit	3,017,935		2,120,041	(1,407,375)
Depreciation and amortization	857,332		421,619	277,496
Total capital expenditures	803,311		14,823	26,761
Automation product and software \| Goods transferred at a point in time
Revenue	18,640,699		31,944,055	18,535,166
Automation product and software \| Services rendered over time
Revenue	7,987,517		0	0
Equipment, accessories and others
Revenue	16,248,197	2,240,729	17,159,381	15,791,623
Cost of revenue and related tax	8,945,796		10,479,615	11,264,971
Gross profit	7,302,401		6,679,766	4,526,652
Depreciation and amortization	689,552		814,960	851,612
Total capital expenditures	46,681		21,456	136,224
Equipment, accessories and others \| Goods transferred at a point in time
Revenue	16,248,197		17,159,381	15,791,623
Equipment, accessories and others \| Services rendered over time
Revenue	0		0	0
Oilfield environmental protection
Revenue	19,116,560	2,636,294	25,335,363	11,043,979
Cost of revenue and related tax	13,955,673		20,222,446	8,045,567
Gross profit	5,160,887		5,112,917	2,998,412
Depreciation and amortization	2,077,165		2,045,601	2,000,952
Total capital expenditures	75,728		768,795	315,944
Oilfield environmental protection \| Goods transferred at a point in time
Revenue	19,116,560		15,779,825	9,654,418
Oilfield environmental protection \| Services rendered over time
Revenue	0		9,555,538	1,389,561
Platform Outsourcing Services
Revenue	5,121,405	$ 706,274	9,338,772	2,567,807
Cost of revenue and related tax	1,735,645		3,826,759	1,470,468
Gross profit	3,385,760		5,512,013	1,097,339
Depreciation and amortization	59,537		57,688	20,729
Total capital expenditures	14,953		194,578	43,487
Platform Outsourcing Services \| Goods transferred at a point in time
Revenue	4,470,462		9,338,772	2,567,807
Platform Outsourcing Services \| Services rendered over time
Revenue	¥ 650,943		¥ 0	¥ 0

SEGMENT REPORTING - Total asset

SEGMENT REPORTING - Total assets (Details)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)
Total assets:
Total Assets	¥ 531,824,577	$ 73,341,964	¥ 490,242,084
Automation product and software
Total assets:
Total Assets	167,009,315	23,031,642	147,377,607
Equipment, accessories and others
Total assets:
Total Assets	170,809,759	23,555,743	149,876,933
Oilfield environmental protection
Total assets:
Total Assets	107,393,609	14,810,256	107,755,500
Platform Outsourcing Services
Total assets:
Total Assets	¥ 86,611,894	$ 11,944,323	¥ 85,232,044

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - shares	Oct. 16, 2023	Mar. 15, 2023	Jun. 14, 2021	May 01, 2024	Jun. 30, 2023	Jun. 30, 2022	Dec. 26, 2019
SUBSEQUENT EVENTS
Ordinary shares, shares outstanding				7,927,132
Pre-funded warrants
SUBSEQUENT EVENTS
Stock issuance (in shares)		1,175,000	2,800,000
Class A ordinary shares
SUBSEQUENT EVENTS
Stock issuance (in shares)		8,827,500	6,014,102
Ordinary shares, shares issued					2,306,295	1,704,766
Ordinary shares, shares outstanding				141,703,218	2,306,295	1,704,766	4,611,720
SUBSEQUENT EVENTS \| Pre-funded warrants
SUBSEQUENT EVENTS
Stock issuance (in shares)	1,175,000
SUBSEQUENT EVENTS \| Class A ordinary shares
SUBSEQUENT EVENTS
Ordinary shares, shares issued	1,175,000
Ordinary shares, shares outstanding	1,175,000

CONDENSED FINANCIAL INFORMATI_3

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY - Additional Information (Details)	Jun. 30, 2023
VIE \| Maximum
Condensed financial information of the parent company
Percent of consolidated net assets	25%

CONDENSED FINANCIAL INFORMATI_4

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY - Parent company balance sheets (Details)		Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥)	Jun. 30, 2020 CNY (¥)
Total assets:
Cash		¥ 104,125,800	$ 14,359,604	¥ 316,974,857
Due from intercompany		2,185,733	301,427	5,501,833
Total current assets		504,413,173	69,561,759	445,617,041
Non-current assets
Total Assets		531,824,577	73,341,964	490,242,084
LIABILITIES AND SHAREHOLDERS' EQUITY
Other current liabilities		5,819,010	802,478	3,533,918
Total Current Liabilities		61,032,862	8,416,817	52,878,284
Total Liabilities		92,673,674	12,780,285	77,357,323
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Additional paid-in capital	[1]	580,340,061	80,032,554	516,426,799
Accumulated deficit		(170,440,826)	(23,504,865)	(111,273,525)
Accumulated other comprehensive loss		35,127,173	4,844,259	11,307,461
Total shareholders' equity		449,206,962	61,948,472	420,631,729
Total Liabilities and Equity		531,824,577	73,341,964	490,242,084
Class A ordinary shares [Member]
SHAREHOLDERS' EQUITY
Common stock value	[1]	26,932	3,714	19,461
Class B ordinary shares [Member]
SHAREHOLDERS' EQUITY
Common stock value	[1]	4,693	647	2,604
RECON TECHNOLOGY LTD
Total assets:
Cash		236,146,589	32,566,104	296,838,959	$ 40,935,964	¥ 325,116,815	¥ 22,238,980
Due from intercompany		291,525,426	40,203,195	205,224,961
Other current assets		80,036,017	11,037,471	20,364,424
Total current assets		607,708,032	83,806,770	522,428,344
Non-current assets
Investment in subsidiaries and VIEs		(122,920,490)	(16,951,511)	(77,566,835)
Total Assets		484,787,542	66,855,259	444,861,509
LIABILITIES AND SHAREHOLDERS' EQUITY
Other current liabilities		3,964,912	546,786	7,552,452
Total Current Liabilities		3,964,912	546,786	7,552,452
Warrant liability		31,615,668	4,360,000	16,677,328
Total Liabilities		35,580,580	4,906,786	24,229,780
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Additional paid-in capital		580,340,061	80,032,554	516,426,799
Accumulated deficit		(166,291,897)	(22,932,701)	(107,124,596)
Accumulated other comprehensive loss		35,127,173	4,844,259	11,307,461
Total shareholders' equity		449,206,962	61,948,473	420,631,729
Total Liabilities and Equity		484,787,542	66,855,259	444,861,509
RECON TECHNOLOGY LTD \| Class A ordinary shares [Member]
SHAREHOLDERS' EQUITY
Common stock value		26,932	3,714	19,461
RECON TECHNOLOGY LTD \| Class B ordinary shares [Member]
SHAREHOLDERS' EQUITY
Common stock value		¥ 4,693	$ 647	¥ 2,604

[1]Retrospectively restated for the 1

CONDENSED FINANCIAL INFORMATI_5

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY - Parent company balance sheets - Additional information (Details)				12 Months Ended
	May 01, 2024 shares	Mar. 29, 2024 $ / shares shares	Dec. 10, 2019	Jun. 30, 2023 $ / shares shares	Mar. 28, 2024 $ / shares shares	Mar. 15, 2023 $ / shares	Jun. 30, 2022 $ / shares shares	Jun. 14, 2021 $ / shares	Apr. 05, 2021 $ / shares shares	Apr. 05, 2021 ¥ / shares shares	Dec. 26, 2019 shares
Parent company balance sheets
Ordinary shares, shares outstanding	7,927,132
Reverse stock split	0.056	0.056		0.2
Class A ordinary shares [Member]
Parent company balance sheets
Ordinary shares, par value (in dollars per share) \| (per share)		$ 0.0001		$ 0.0001	$ 0.0925	$ 0.0925	$ 0.0001	$ 0.0925	$ 0.0925	¥ 0.62
Ordinary shares, shares authorized		500,000,000		500,000,000	150,000,000		500,000,000		150,000,000	150,000,000
Ordinary shares, shares issued				2,306,295			1,704,766
Ordinary shares, shares outstanding	141,703,218			2,306,295			1,704,766				4,611,720
Reverse stock split	0.056	0.056	0.2
Class A ordinary shares [Member] \| RECON TECHNOLOGY LTD
Parent company balance sheets
Ordinary shares, par value (in dollars per share) \| $ / shares				$ 0.0001			$ 0.0001
Ordinary shares, shares authorized				500,000,000			500,000,000
Ordinary shares, shares issued				2,306,295			1,704,766
Ordinary shares, shares outstanding				2,306,295			1,704,766
Class B ordinary shares [Member]
Parent company balance sheets
Ordinary shares, par value (in dollars per share) \| (per share)		$ 0.0001		$ 0.0001	$ 0.0925		$ 0.0001		$ 0.0925	¥ 0.62
Ordinary shares, shares authorized		80,000,000		80,000,000	20,000,000		80,000,000		20,000,000	20,000,000
Ordinary shares, shares issued				7,100,000			4,100,000
Ordinary shares, shares outstanding				7,100,000			4,100,000
Reverse stock split				0.056
Class B ordinary shares [Member] \| RECON TECHNOLOGY LTD
Parent company balance sheets
Ordinary shares, par value (in dollars per share) \| $ / shares				$ 0.0001			$ 0.0001
Ordinary shares, shares authorized				80,000,000			80,000,000
Ordinary shares, shares issued				7,100,000			4,100,000
Ordinary shares, shares outstanding				7,100,000			4,100,000

CONDENSED FINANCIAL INFORMATI_6

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY - Parent company statements of operations and comprehensive income loss (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021 CNY (¥)
Parent Company Statements Of Operations And Comprehensive Loss
Revenue	¥ 67,114,378	$ 9,255,496	¥ 83,777,571	¥ 47,938,575
Cost of revenue	48,247,395	6,653,620	64,352,834	40,723,547
Gross profit	18,866,983	2,601,876	19,424,737	7,215,028
General and administrative expenses	76,784,396	10,589,052	83,281,958	45,949,157
Allowance for (net recovery of) credit losses	(9,038,985)	(1,246,533)	(658,823)	8,191,247
Loss from operations	69,332,735	9,561,421	82,313,417	61,578,948
Fair value changes of warrants liability	6,116,000	843,435	174,485,575	35,365,792
Other income (loss)	82,970	11,442	15,855	192,137
Net income (loss)	(61,476,392)	(8,477,982)	94,289,395	(25,866,828)
FOREIGN CURRENCY TRANSLATION ADJUSTMENTS
Foreign currency translation adjustment	23,819,712	3,284,889	9,332,625	(850,895)
Comprehensive income (loss) attributable to Recon Technology, Ltd	(35,347,589)	(4,874,655)	104,919,420	(23,683,629)
RECON TECHNOLOGY LTD
Parent Company Statements Of Operations And Comprehensive Loss
Revenue				121,197
Cost of revenue				97,024
Gross profit				24,173
General and administrative expenses	54,494,219	7,515,097	62,918,622	29,502,464
Allowance for (net recovery of) credit losses	(4,141,588)	(571,151)	1,923,382	1,933,986
Loss from operations	(50,352,631)	(6,943,946)	(64,842,004)	(31,412,277)
Fair value changes of warrants liability	6,116,000	843,435	174,485,575	35,365,792
Other income (loss)	10,108,783	1,394,065	4,105,116	320,235
Equity in loss of subsidiaries, VIEs and VIEs' subsidiaries	(25,039,453)	(3,453,098)	(18,161,892)	(27,106,484)
Net income (loss)	(59,167,301)	(8,159,544)	95,586,795	(22,832,734)
FOREIGN CURRENCY TRANSLATION ADJUSTMENTS
Foreign currency translation adjustment	23,819,712	3,284,889	9,332,625	(850,895)
Comprehensive income (loss) attributable to Recon Technology, Ltd	¥ (35,347,589)	$ (4,874,655)	¥ 104,919,420	¥ (23,683,629)

CONDENSED FINANCIAL INFORMATI_7

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY - Parent company statements of cash flows (Details)	12 Months Ended
	Jun. 30, 2023 CNY (¥) shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 CNY (¥) shares
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	¥ (61,476,392)	$ (8,477,982)	¥ 94,289,395		¥ (25,866,828)
Adjustments to reconcile net cash flows from operating activities:
Gain in fair value changes of warrants liability	(6,116,000)	(843,435)	(174,485,575)		(35,365,792)
Amortization of offering cost of warrants	1,483,306	204,557	0		12,584,024
Provision for doubtful accounts	(9,038,985)	(1,246,533)	(658,823)		8,191,247
Restricted shares issued for management and employees	26,191,707	3,612,002	39,263,485		6,140,037
Income (loss) from investment in unconsolidated entity	0	0	(15,411)		266,707
Restricted shares issued for services	5,805,840	800,662	8,935,919		0
Interest expenses related to convertible notes			0		42,014,616
Net cash used in operating activities	(51,688,331)	(7,128,147)	(26,247,237)		(34,050,468)
Cash flows from investing activities:
Repayments from loans to third parties	40,113,311	5,531,879	171,435,032		5,150,377
Payments made for loans to third parties	(103,146,761)	(14,224,589)	(171,071,510)		(51,638,458)
Net cash used in investing activities	(245,224,673)	(33,818,029)	(328,684)		(46,538,654)
Cash flows from financing activities:
Proceeds from warrants issued with common stock	17,493,069	2,412,405	0		212,051,414
Proceeds from sale of ordinary shares, net of issuance costs	28,174,993	3,885,509	0		81,091,141
Proceeds from sale of prefunded warrants, net of issuance costs	3,750,282	517,188	93,321		30,276,569
Proceeds from share issuance for warrants exercised			0		21,130,035
Proceeds from issuance of convertible notes			0		42,014,616
Net cash provided by (used in) financing activities	56,383,273	7,775,609	(9,999,380)		394,026,823
Effect of exchange rate fluctuation on cash	27,688,659	3,818,441	10,275,148		224,365
Net increase (decrease) in cash	(212,841,072)	(29,352,126)	(26,300,153)		313,662,066
Cash at beginning of period	316,974,857
Cash at end of period	¥ 104,125,800	$ 14,359,604	316,974,857
Non-cash investing and financing activities
Issuance of common stock in exchange of shares of Starry, net of issuance costs			0		27,675,450
Conversion of convertible notes to 9,225,338 shares of ordinary shares			0		42,435,669
Stock issuance for convertible notes redemption (in shares) \| shares	9,225,338	9,225,338
RECON TECHNOLOGY LTD
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	¥ (59,167,301)	$ (8,159,544)	95,586,795		(22,832,734)
Adjustments to reconcile net cash flows from operating activities:
Gain in fair value changes of warrants liability	(6,116,000)	(843,435)	(174,485,575)		(35,365,792)
Amortization of offering cost of warrants	1,483,306	204,557			12,584,024
Provision for doubtful accounts	(4,141,588)	(571,151)	1,923,382		1,933,986
Restricted shares issued for management and employees	26,191,707	3,612,002	39,263,485		6,140,037
Restricted shares issued for services	5,805,840		8,935,919	$ 800,662
Income from investment in unconsolidated entity			(15,411)		15,411
Interest expenses related to convertible notes					42,014,616
Equity in earnings of subsidiaries and VIEs	25,039,453	3,453,098	18,161,892		27,106,484
Other current assets	(8,396,555)	(1,157,938)	(111,521)		(474,891)
Other current liabilities	(3,587,540)	(494,744)	(5,090,698)		4,776,846
Net cash used in operating activities	(22,888,678)	(3,156,493)	(15,831,732)		(6,116,629)
Cash flows from investing activities:
Repayments from loans to third parties	32,413,311	4,470,000	166,405,032		1,950,000
Payments made for loans to third parties	(79,546,761)	(10,970,000)	(137,391,510)		(50,288,458)
Due from intercompany, VIEs and VIEs' subsidiaries	(86,300,464)	(11,901,378)	(55,569,342)		(29,505,002)
Net cash used in investing activities	(133,433,914)	(18,401,378)	(26,555,820)		(77,843,460)
Cash flows from financing activities:
Proceeds from warrants issued with common stock	17,493,069	2,412,405			212,051,414
Proceeds from sale of ordinary shares, net of issuance costs	28,174,993	3,885,509			81,091,141
Proceeds from sale of prefunded warrants, net of issuance costs	3,750,282	517,188	93,321		30,276,569
Proceeds from share issuance for warrants exercised					21,130,035
Proceeds from issuance of convertible notes					42,014,616
Net cash provided by (used in) financing activities	49,418,344	6,815,102	93,321		386,563,775
Effect of exchange rate fluctuation on cash	46,211,878	6,372,909	14,016,375		274,149
Net increase (decrease) in cash	(60,692,370)	(8,369,860)	(28,277,856)		302,877,835
Cash at beginning of period	296,838,959	40,935,964	325,116,815		22,238,980
Cash at end of period	¥ 236,146,589	$ 32,566,104	296,838,959	$ 40,935,964	325,116,815
Non-cash investing and financing activities
Issuance of common stock in exchange of shares of Starry, net of issuance costs					27,675,450
Cancellation of ordinary shares issued to Starry			¥ (27,675,450)
Conversion of convertible notes to 9,225,338 shares of ordinary shares					¥ 42,435,669
Stock issuance for convertible notes redemption (in shares) \| shares					9,225,338

OTHER EVENTS (Details)

OTHER EVENTS (Details)					12 Months Ended
OTHER EVENTS (Details)	May 01, 2024 shares	Mar. 29, 2024 USD ($) $ / shares shares	Dec. 26, 2019 shares	Dec. 10, 2019	Jun. 30, 2023 $ / shares shares	Mar. 28, 2024 USD ($) $ / shares shares	Mar. 15, 2023 $ / shares	Jun. 30, 2022 $ / shares shares	Jun. 14, 2021 $ / shares	Apr. 05, 2021 ¥ / shares	Apr. 05, 2021 USD ($) $ / shares shares
OTHER EVENTS
Reverse stock split	0.056	0.056			0.2
Fractional shares		0
Number of ordinary share in lieu of the fractional share, the shareholder was entitled to receive		1
securities exercisable	18%
Exercise price	18%
Ordinary shares, shares outstanding	7,927,132
Class A ordinary shares
OTHER EVENTS
Reverse stock split	0.056	0.056		0.2
Authorized share capital \| $		$ 58,000				$ 15,725,000					$ 15,725,000
Ordinary shares, shares authorized		500,000,000			500,000,000	150,000,000		500,000,000			150,000,000
Par value (in dollars per share) \| (per share)		$ 0.0001			$ 0.0001	$ 0.0925	$ 0.0925	$ 0.0001	$ 0.0925	¥ 0.62	$ 0.0925
Number of ordinary share in lieu of the fractional share, the shareholder was entitled to receive			23,049,639
Ordinary shares, shares outstanding	141,703,218		4,611,720		2,306,295			1,704,766
Ordinary shares, shares issued					2,306,295			1,704,766
Class B ordinary shares
OTHER EVENTS
Reverse stock split					0.056
Authorized share capital \| $											$ 1,850,000
Ordinary shares, shares authorized		80,000,000			80,000,000	20,000,000		80,000,000			20,000,000
Par value (in dollars per share) \| (per share)		$ 0.0001			$ 0.0001	$ 0.0925		$ 0.0001		¥ 0.62	$ 0.0925
Ordinary shares, shares outstanding					7,100,000			4,100,000
Ordinary shares, shares issued					7,100,000			4,100,000