XML 133 R123.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY - Parent company statements of cash flows (Details)
 6 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (3,254,673) ¥ (23,107,851) ¥ (29,872,691)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Restricted shares issued for management and employees 403,747 2,866,560 1,796,417
Accrued interest income from loans to third parties (621,882) (4,415,298) (3,757,041)
Accrued interest income from short-term investment (331,307) (2,352,250) 0
Restricted shares issued for services 150,726 1,070,143 4,304,857
Net cash used in operating activities (930,972) (6,609,801) (25,931,236)
Cash flows from investing activities:      
Repayments from loans to third parties 6,283,743 44,613,948 25,194,900
Payments made for loans to third parties (2,338,061) (16,600,000) (58,488,100)
Payments for short-term investments (18,535,247) (131,598,400) 0
Net cash (used in) generated by investing activities 8,670,274 61,558,080 (34,082,522)
Cash flows from financing activities:      
Redemption of warrants (4,488,317) (31,866,604) 0
Net cash provided by (used in) financing activities (4,508,207) (32,007,826) 1,523,073
Effect of exchange rate fluctuation on cash (837,352) (5,945,117) 10,633,748
Net increase (decrease) in cash 2,393,743 16,995,336 (47,856,937)
Cash at beginning of period   104,125,800  
Cash at end of period 17,162,041 121,848,777  
RECON TECHNOLOGY LTD      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss (3,176,794) (22,554,914) (29,876,418)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Loss (gain) in fair value changes of warrants liability 1,473,412 10,461,075 20,097,665
Restricted shares issued for management and employees 403,747 2,866,560 1,796,417
Accrued interest income from loans to third parties (435,000) (3,088,457)  
Accrued interest income from short-term investment (331,307) (2,352,250)  
Restricted shares issued for services 150,727 1,070,144 4,304,857
Equity in earnings of subsidiaries and VIEs 1,120,366 7,954,486 (2,559,601)
Other current assets 1,026,645 7,289,074 (14,166,457)
Other current liabilities (354,421) (2,516,342) (1,080,736)
Net cash used in operating activities (122,624) (870,624) (21,484,273)
Cash flows from investing activities:      
Repayments from loans to third parties 3,500,000 24,849,650 20,694,900
Payments made for loans to third parties     (48,288,100)
Payments for short-term investments (16,000,000) (113,598,400)  
Due from intercompany, VIEs and VIEs' subsidiaries 9,143,319 64,916,652 80,522,546
Net cash (used in) generated by investing activities (21,643,319) (153,665,402) (108,115,746)
Cash flows from financing activities:      
Redemption of warrants (4,488,317) (31,866,604)  
Net cash provided by (used in) financing activities (4,488,317) (31,866,604)  
Effect of exchange rate fluctuation on cash (2,124,916) (15,086,688) 16,278,998
Net increase (decrease) in cash (28,379,176) (201,489,318) (113,321,021)
Cash at beginning of period 33,260,551 236,146,589 296,838,959
Cash at end of period $ 4,881,375 ¥ 34,657,271 ¥ 183,517,938