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SEGMENT REPORTING

12 Months Ended

Jun. 30, 2022

SEGMENT REPORTING

SEGMENT REPORTING

NOTE 27. 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, 2020, 2021 and 2022, respectively:

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For the year ended June 30,

​

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2020

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2021

​

2022

​

2022

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RMB

RMB

RMB

U.S. Dollars

Automation product and software

¥

51,413,830

¥

18,535,166

¥

31,944,055

​

$

4,769,390

Equipment and accessories

​

14,222,623

​

15,791,623

​

17,159,381

​

2,561,973

Oilfield environmental protection

​

124,198

​

11,043,979

​

25,335,363

​

3,782,684

Platform outsourcing services

​

​

—

​

​

2,567,807

​

​

9,338,772

​

​

1,394,321

Total revenue

¥

65,760,651

¥

47,938,575

¥

83,777,571

​

$

12,508,368

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	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 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

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​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	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 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

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	For the year ended June 30, 2020
​		Automation			Equipment			Oilfield			Platform			​	​
​	​	product and		​	and		​	environmental		​	outsourcing		​	​	​
​	​	software		​	accessories		​	protection		​	services		​	Total
​	​	RMB		​	RMB		​	RMB		​	RMB		​	RMB
Revenue		¥	51,413,830		¥	14,222,623		¥	124,198		¥	—		¥	65,760,651
Cost of revenue and related tax		​	38,257,914		​	7,683,662		​	212,679		​	—		​	46,154,255
Gross profit		¥	13,155,916		¥	6,538,961		¥	(88,481)		¥	—		¥	19,606,396
Depreciation and amortization		¥	98,756		¥	683,522		¥	827,422		¥	—		¥	1,609,700
Total capital expenditures		¥	85,975		¥	—		¥	3,782,911		¥	—		¥	3,868,886
Timing of revenue recognition	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Goods transferred at a point in time	​	¥	10,871,301	​	¥	14,222,623	​	¥	—	​	¥	—	​	¥	25,093,924
Services rendered over time	​	​	40,542,529	​	​	—	​	​	124,198	​	​	—	​	​	40,666,727
Total revenue		¥	51,413,830		¥	14,222,623		¥	124,198		¥	—		¥	65,760,651

​

​	​	​	​	​	​	​	​	​	​
​		June 30,			June 30,			June 30,
​	​	2021		​	2022		​	2022
​	​	RMB		​	RMB		​	U.S. Dollars
Total assets:		​			​			​
Automation product and software		¥	156,435,379		¥	147,377,607	​	$	22,004,142
Equipment and accessories		​	160,299,200		​	149,876,933	​		22,377,300
Oilfield environmental protection		​	139,326,144		​	107,755,500	​		16,088,380
Platform outsourcing services	​	​	110,455,937	​	​	85,232,044	​	​	12,725,527
Total Assets		¥	566,516,660		¥	490,242,084	​	$	73,195,349

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- References

No definition available.

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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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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