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SEGMENT REPORTING
6 Months Ended
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