XML 205 R39.htm IDEA: XBRL DOCUMENT

SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2023

SIGNIFICANT ACCOUNTING POLICIES

Schedule of estimated useful life of the assets


Items		Useful life
Motor vehicles		3-5 years
Office equipment and fixtures		2-5 years
Production equipment, including:
Equipment		10 years
Utilities and Facilities		20 years
Leasehold improvement		Lesser of useful life and lease term

Schedule of information about contract costs, net and contract liabilities from contracts with customers


		June 30,			June 30,			June 30
		2022			2023			2023
		RMB			RMB			US Dollars
Contract costs, net		¥	33,858,820		¥	49,572,685		$	6,836,386
Contract liabilities		¥	2,107,277		¥	2,748,365		$	379,017

Schedule of basic and diluted earnings per share


		For the years ended June 30,
		2021			2022			2023			2023
		RMB			RMB			RMB			US Dollars
Numerator:
Net income (loss) attributable to Recon Technology, Ltd		¥	(22,832,734)		¥	95,586,795		¥	(59,167,301)		$	(8,159,544)

Denominator:
Weighted-average number of ordinary shares outstanding – basic*			760,116			1,721,529			2,157,158			2,157,158
Class A Ordinary Shares*			760,116			1,612,427			1,880,065			1,880,065
Class B Ordinary Shares**			—			109,102			277,093			277,093
Outstanding options/warrants*			584,571			585,357			1,115,088			1,115,088
Potentially dilutive shares from outstanding options/warrants			—			—			—			—
Weighted-average number of ordinary shares outstanding – diluted*			760,116			1,721,529			2,157,158			2,157,158

Earnings (loss) per share – basic and diluted*		¥	(30.04)		¥	55.52		¥	(27.43)		$	(3.78)

*Retrospectively restated for the 1-for-18 reverse stock split on May 1, 2024.

** The Class B Ordinary Shares were not subjected to reverse stock split, and each Class B Ordinary Share is convertible into one-eighteenth (1/18) of one Class A Ordinary Share at any time by the holder thereof, so the weighted average number of Class B Ordinary Shares is calculated on a one-for-eighteen basis of issued and outstanding Class B Ordinary Shares.