XML 40 R31.htm IDEA: XBRL DOCUMENT
v3.22.1

RELATED PARTY TRANSACTIONS AND BALANCES | 6 Months Ended
--- | ---
Dec. 31, 2021
RELATED PARTY TRANSACTIONS AND BALANCES |
RELATED PARTY TRANSACTIONS AND BALANCES | NOTE 25. RELATED PARTY TRANSACTIONS AND BALANCES Sales to related party – sales to related party consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended December 31,
​ | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | ​ |  | RMB |  | U.S. Dollars
​ | ​ | RMB | ​ | (Unaudited) | ​ | (Unaudited)
Urumqi Yikeli Automatic Control Equipment Co., Ltd. | ​ | ¥ | 85,657 | ​ | ¥ | — | ​ | $ | —
Total revenues from related party | ​ | ¥ | 85,657 | ​ | ¥ | — | ​ | $ | —
​ Prepaid expenses - related parties – prepaid expenses - related parties consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | December 31, 2021 |  | December 31, 2021
​ | ​ | June 30, 2021 | ​ | RMB | ​ | U.S. Dollars
​ | ​ | RMB | ​ | (Unaudited) | ​ | (Unaudited)
Founders |  | ¥ | 363,000 |  | ¥ | — | ​ | $ | —
Founders’ family member |  | ​ | 70,000 |  | ​ | — | ​ |  | —
Total prepaid expenses - related parties |  | ¥ | 433,000 |  | ¥ | — | ​ | $ | —
​ Leases from related parties - The Company has various agreements for the lease of office space owned by the founders and their family members. The terms of the agreement state that the Company will continue to lease the property at a monthly rent of ¥110,833 with annual rental expense at ¥1.33 million ($0.21 million). ​ The details of leases from related parties are as below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | ​ |  | Monthly Rent |  | Monthly Rent
Lessee |  | Lessor |  | Rent Period |  | RMB |  | USD
Nanjing Recon |  | One of the Founders |  | April 1, 2020 - March 31, 2022 |  | ¥ | 40,000 | ​ | $ | 6,288
BHD |  | One of the Founders |  | January 3, 2022- Dec 31, 2022 |  | ​ | 31,667 | ​ |  | 4,978
BHD |  | One of the Founders |  | January 1, 2022- Dec 31, 2022 |  | ​ | 22,500 | ​ |  | 3,537
BHD |  | Founders’ family member |  | January 1, 2022- Dec 31, 2022 |  | ​ | 16,667 | ​ |  | 2,620
​ As of June 30, 2021, the operating lease ROU assets and corresponding operating lease liabilities of leases from related parties was ¥352,775 and ¥352,775, respectively. As of December 31, 2021, the operating lease ROU assets and corresponding operating lease liabilities of leases from related parties was ¥119,029 ($18,423) and ¥119,029 ($18,423), respectively. Guarantee/collateral related parties – The Company’s founders provide guarantee and collateral for the Company’s short-term bank loans (see Note 14).

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
Name: | us-gaap_RelatedPartyTransactionsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration