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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Dec. 31, 2021
SIGNIFICANT ACCOUNTING POLICIES |
Schedule of estimated useful life | ​
​ | ​ | ​
Items |  | Useful life
Motor vehicles |  | 5-10 years
Office equipment |  | 2-5 years
Production equipment |  | 10-20 years
Summary of information about contract assets and contract liabilities from contracts with customers | The following table provides information about contract costs and contract liabilities from contracts with customers:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31, |  | December 31,
​ | ​ | 2021 | ​ | 2021 | ​ | 2021
​ | ​ | ​ | ​ | RMB | ​ | U.S. Dollars
​ | ​ | RMB | ​ | (Unaudited) | ​ | (Unaudited)
Contract costs |  | ¥ | 48,795,906 |  | ¥ | 31,364,473 | ​ | $ | 4,930,422
Contract liabilities |  | ¥ | 7,686,276 |  | ¥ | 1,195,862 | ​ | $ | 187,987
​
Schedule of Earnings Per Share, Basic and Diluted | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the six months ended December 31,
​ |  | 2020 |  | 2021 |  | 2021
​ | ​ | RMB | ​ | RMB | ​ | U.S. Dollars
​ | ​ | (Unaudited) | ​ | (Unaudited) | ​ | (Unaudited)
Numerator: |  | ​ |  |  | ​ |  |  | ​ |
Net income (loss) attributable to Recon Technology, Ltd |  | ¥ | (8,935,652) |  | ¥ | 111,357,510 | ​ | $ | 17,505,139
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: |  | ​ |  |  | ​ |  | ​ |  |
Weighted-average number of ordinary shares outstanding – basic |  | ​ | 7,330,866 |  | ​ | 27,312,581 | ​ |  | 27,312,581
Outstanding options/warrants/convertible notes |  | ​ | 11,029,415 |  | ​ | 10,393,622 | ​ |  | 10,393,622
Potentially dilutive shares from outstanding options/warrants/convertible notes |  | ​ | — |  | ​ | 1,464,411 | ​ |  | 1,464,411
Weighted-average number of ordinary shares outstanding – diluted |  | ​ | 7,330,866 |  | ​ | 28,776,992 | ​ |  | 28,776,992
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings (loss) per share – basic |  | ¥ | (1.22) |  | ¥ | 4.08 | ​ | $ | 0.64
Earnings (loss) per share – diluted |  | ¥ | (1.22) |  | ¥ | 3.87 | ​ | $ | 0.61

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 + Details
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