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SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

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

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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