XML 79 R55.htm IDEA: XBRL DOCUMENT v3.20.1
RELATED PARTY TRANSACTIONS AND BALANCES (Tables)
6 Months Ended
Dec. 31, 2019
RELATED PARTY TRANSACTIONS AND BALANCES  
Schedule of Sales to related party

 

Sales to related party  sales to related party consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended December 31,

 

 

2018

 

2019

 

2019

 

    

RMB

    

RMB

    

U.S. Dollars

Urumqi Yikeli Automatic Control Equipment Co., Ltd.

 

¥

316,983

 

¥

 —

 

$

 —

Total revenues from related party

 

¥

316,983

 

¥

 —

 

$

 —

 

Prepaid expenses - related parties - prepaid expenses - related parties consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31,

 

December 31,

 

 

2019

 

2019

 

2019

 

    

RMB

    

RMB

    

U.S. Dollars

Founders

 

¥

132,600

 

¥

 —

 

$

 —

Founders' family member

 

 

85,000

 

 

 —

 

 

 —

Total prepaid expenses - related parties

 

¥

217,600

 

¥

 —

 

$

 —

 

Schedule of leases from related parties

The details of leases from related parties are as below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Monthly Rent

    

Monthly Rent

Lessee

    

Lessor

    

Rent Period

    

RMB

    

USD

Nanjing Recon

 

One of the Founders

 

April 1, 2018 - March 31, 2020

 

¥

60,000

 

$

8,611

BHD

 

One of the Founders

 

January 1, 2019 - December 31, 2019

 

 

22,500

 

 

3,229

BHD

 

Founders' family member

 

January 1, 2019 - December 31, 2019

 

 

47,500

 

 

6,817

Recon-BJ

 

One of the Founders

 

July 1, 2019 - June 30, 2020

 

 

10,000

 

 

1,435