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SEGMENT REPORTING | 6 Months Ended
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Dec. 31, 2019
SEGMENT REPORTING |
SEGMENT REPORTING | NOTE 28. SEGMENT REPORTING ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products. Based on management’s assessment, the Company has determined that it has three operating segments: automation product and software, equipment and accessories and oilfield environmental protection. The following tables present summary information by segment for the six months ended December 31, 2018 and 2019, respectively:
|  | For the six months ended December 31,
|  | 2018 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | U.S. Dollars
Automation product and software |  | ¥ | 28,954,379 |  | ¥ | 22,572,055 |  | $ | 3,239,389
Equipment and accessories |  |  | 10,312,238 |  |  | 7,807,013 |  |  | 1,120,410
Oilfield environmental protection |  |  | 3,005,112 |  |  | 26,085 |  |  | 3,744
Total revenue |  | ¥ | 42,271,729 |  | ¥ | 30,405,153 |  | $ | 4,363,543
All the Company’s revenue was generated from its business operation in China.
|  | For the six months ended December 31, 2019
|  | Automation |  | Equipment |  | Oilfield |  |  |
|  | product and |  | and |  | environmental |  |  |
|  | software |  | accessories |  | protection |  | Total
|  | RMB |  | RMB |  | RMB |  | RMB
Revenue |  | ¥ | 22,572,055 |  | ¥ | 7,807,013 |  | ¥ | 26,085 |  | ¥ | 30,405,153
Cost of revenue and related tax |  |  | 13,991,321 |  |  | 4,174,481 |  |  | 271,439 |  |  | 18,437,241
Gross profit |  | ¥ | 8,580,734 |  | ¥ | 3,632,532 |  | ¥ | (245,354) |  | ¥ | 11,967,912
Depreciation and amortization |  | ¥ | 47,122 |  | ¥ | 350,850 |  | ¥ | 13,620 |  | ¥ | 411,592
Total capital expenditures |  | ¥ | 12,967 |  | ¥ | — |  | ¥ | 1,297,663 |  | ¥ | 1,310,630
|  | For the six months ended December 31, 2018
|  | Automation |  | Equipment |  | Oilfield |  |  |
|  | product and |  | and |  | environmental |  |  |
|  | software |  | accessories |  | protection |  | Total
|  | RMB |  | RMB |  | RMB |  | RMB
Revenue |  | ¥ | 28,954,379 |  | ¥ | 10,312,238 |  | ¥ | 3,005,112 |  | ¥ | 42,271,729
Cost of revenue and related tax |  |  | 18,549,248 |  |  | 6,690,414 |  |  | 1,794,975 |  |  | 27,034,637
Gross profit |  | ¥ | 10,405,131 |  | ¥ | 3,621,824 |  | ¥ | 1,210,137 |  | ¥ | 15,237,092
Depreciation and amortization |  | ¥ | 34,489 |  | ¥ | 467,348 |  | ¥ | 13,620 |  | ¥ | 515,457
Total capital expenditures |  | ¥ | 55,554 |  | ¥ | 227,575 |  | ¥ | 4,411,620 |  | ¥ | 4,694,749
|  | June 30, |  | December 31, |  | December 31,
|  | 2019 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | U.S. Dollars
Total assets: |  |  |  |  |  |  |  |  |
Automation product and software |  | ¥ | 71,337,589 |  | ¥ | 75,168,686 |  | $ | 10,787,704
Equipment and accessories |  |  | 50,800,483 |  |  | 51,967,379 |  |  | 7,458,008
Oilfield environmental protection |  |  | 34,843,482 |  |  | 35,713,451 |  |  | 5,125,354
Total Assets |  | ¥ | 156,981,554 |  | ¥ | 162,849,516 |  | $ | 23,371,066

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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