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SEGMENT REPORTING | 6 Months Ended
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Dec. 31, 2021
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 six months ended December 31, 2020 and 2021, respectively:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended December 31,
​ | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | U.S. Dollars
​ | ​ | (Unaudited) | ​ | (Unaudited) | ​ | (Unaudited)
Automation product and software |  | ¥ | 12,618,460 |  | ¥ | 23,859,815 | ​ | $ | 3,750,707
Equipment and accessories |  | ​ | 9,754,851 |  | ​ | 6,187,975 | ​ |  | 972,735
Oilfield environmental protection | ​ | ​ | 2,795,968 | ​ | ​ | 19,735,430 | ​ | ​ | 3,102,363
Platform Outsourcing Services |  | ​ | — |  | ​ | 4,628,504 | ​ |  | 727,590
Total revenue |  | ¥ | 25,169,279 |  | ¥ | 54,411,724 | ​ | $ | 8,553,395
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended December 31, 2021
​ |  | Automation |  | Equipment |  | Oilfield |  | Platform |  | ​ | ​
​ | ​ | product and | ​ | and | ​ | environmental | ​ | outsourcing | ​ | ​ | ​
​ | ​ | software | ​ | accessories | ​ | protection | ​ | services | ​ | Total
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | ​ | RMB | RMB
​ | ​ | (Unaudited) | ​ | (Unaudited) | ​ | (Unaudited) | ​ | ​ | (Unaudited) | (Unaudited)
Revenue |  | ¥ | 23,859,815 |  | ¥ | 6,187,975 |  | ¥ | 19,735,430 | ​ | ¥ | 4,628,504 |  | ¥ | 54,411,724
Cost of revenue and related tax |  | ​ | 20,580,830 |  | ​ | 2,918,195 |  | ​ | 14,102,092 | ​ | ​ | 2,303,528 |  | ​ | 39,904,645
Gross profit |  | ¥ | 3,278,985 |  | ¥ | 3,269,780 |  | ¥ | 5,633,338 | ​ | ¥ | 2,324,976 |  | ¥ | 14,507,079
Depreciation and amortization |  | ¥ | 214,213 |  | ¥ | 423,065 |  | ¥ | 1,009,867 | ​ | ¥ | 35,305 |  | ¥ | 1,682,450
Total capital expenditures |  | ¥ | 12,384 |  | ¥ | 8,849 |  | ¥ | 135,873 | ​ | ¥ | 180,065 |  | ¥ | 337,171
Timing of revenue recognition | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goods transferred at a point in time | ​ | ¥ | 23,859,815 | ​ | ¥ | 6,187,975 | ​ | ¥ | 10,113,712 | ​ | ¥ | 4,628,504 | ​ | ¥ | 44,790,006
Services rendered over time | ​ | ​ | — |  | ​ | — |  | ​ | 9,621,718 | ​ | ​ | — |  | ​ | 9,621,718
Total revenue | ​ | ¥ | 23,859,815 | ​ | ¥ | 6,187,975 | ​ | ¥ | 19,735,430 | ​ | ¥ | 4,628,504 | ​ | ¥ | 54,411,724
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended December 31, 2020
​ |  | Automation |  | Equipment |  | Oilfield |  | ​ | Platform |  | ​ | ​
​ | ​ | product and | ​ | and | ​ | environmental | ​ | ​ | outsourcing | ​ | ​ | ​
​ | ​ | software | ​ | accessories | ​ | protection | ​ | ​ | services | ​ | Total
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
​ | ​ | (Unaudited) | ​ | (Unaudited) | ​ | (Unaudited) | ​ | (Unaudited) | ​ | (Unaudited)
Revenue |  | ¥ | 12,618,460 |  | ¥ | 9,754,851 |  | ¥ | 2,795,968 | ​ | ¥ | — |  | ¥ | 25,169,279
Cost of revenue and related tax |  | ​ | 9,483,892 |  | ​ | 6,713,438 |  | ​ | 2,254,909 | ​ | ​ | — |  | ​ | 18,452,239
Gross profit |  | ¥ | 3,134,568 |  | ¥ | 3,041,413 |  | ¥ | 541,059 | ​ | ¥ | — |  | ¥ | 6,717,040
Depreciation and amortization |  | ¥ | 57,223 |  | ¥ | 308,956 |  | ¥ | 1,003,411 | ​ | ¥ | — |  | ¥ | 1,369,590
Total capital expenditures |  | ¥ | 19,014 |  | ¥ | 53,760 |  | ¥ | 302,795 | ​ | ¥ | — |  | ¥ | 375,569
Timing of revenue recognition | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goods transferred at a point in time | ​ | ¥ | 2,293,393 | ​ | ¥ | 9,754,851 | ​ | ¥ | — | ​ | ¥ | — | ​ | ¥ | 12,048,244
Services rendered over time | ​ | ​ | 10,325,067 | ​ | ​ | — | ​ | ​ | 2,795,968 | ​ | ​ | — | ​ | ​ | 13,121,035
Total revenue | ​ | ¥ | 12,618,460 | ​ | ¥ | 9,754,851 | ​ | ¥ | 2,795,968 | ​ | ¥ | — | ​ | ¥ | 25,169,279
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31, |  | December 31,
​ | ​ | 2021 | ​ | 2021 | ​ | 2021
​ | ​ | ​ | ​ | ​ | RMB | ​ | U.S. Dollars
​ | ​ | RMB | ​ | (Unaudited) | ​ | (Unaudited)
Total assets: |  | ​ |  |  | ​ |  |  | ​ |
Automation product and software |  | ¥ | 156,435,379 |  | ¥ | 152,177,951 | ​ | $ | 23,922,017
Equipment and accessories |  | ​ | 160,299,200 |  | ​ | 152,413,317 | ​ |  | 23,959,016
Oilfield environmental protection | ​ | ​ | 139,326,144 | ​ | ​ | 114,864,605 | ​ | ​ | 18,056,447
Platform outsourcing services |  | ​ | 110,455,937 |  | ​ | 87,980,818 | ​ |  | 13,830,378
Total Assets |  | ¥ | 566,516,660 |  | ¥ | 507,436,691 | ​ | $ | 79,767,858
​

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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 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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