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SEGMENT REPORTING
6 Months Ended
Dec. 31, 2023
SEGMENT REPORTING  
SEGMENT REPORTING

NOTE 24. 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, 2022 and 2023, respectively:

For the six months ended December 31,

2022

2023

2023

    

RMB

    

RMB

    

US Dollars

(Unaudited)

(Unaudited)

(Unaudited)

Automation product and software

 

¥

19,055,227

 

¥

17,552,892

$

2,472,273

Equipment, accessories and others

 

9,730,859

 

17,867,404

 

2,516,571

Oilfield environmental protection

12,789,684

8,053,696

1,134,339

Platform Outsourcing Services

 

3,983,821

 

1,782,680

 

251,085

Total revenue

 

¥

45,559,591

 

¥

45,256,672

$

6,374,268

For the six months ended December 31, 2023

    

Automation 

    

Equipment,

    

Oilfield 

    

Platform

    

product and 

accessories

environmental 

outsourcing

software

and others

protection

services

Total

RMB

RMB

RMB

RMB

RMB

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Revenue

 

¥

17,552,892

 

¥

17,867,404

 

¥

8,053,696

¥

1,782,680

 

¥

45,256,672

Cost of revenue and related tax

 

14,040,976

12,778,042

6,020,271

311,641

33,150,930

Gross profit

 

¥

3,511,916

¥

5,089,362

¥

2,033,425

¥

1,471,039

¥

12,105,742

Depreciation and amortization

 

¥

253,397

 

¥

143,927

 

¥

1,029,646

¥

 

¥

1,426,970

Total capital expenditures

 

¥

83,253

 

¥

116,191

 

¥

¥

 

¥

199,444

Timing of revenue recognition

Goods transferred at a point in time

¥

14,368,994

¥

17,867,404

¥

8,053,696

¥

166,899

¥

40,456,993

Services rendered over time

3,183,898

 

 

1,615,781

 

4,799,679

Total revenue

¥

17,552,892

¥

17,867,404

¥

8,053,696

¥

1,782,680

¥

45,256,672

For the six months ended December 31, 2022

    

Automation 

    

Equipment,

    

Oilfield 

    

Platform

    

product and 

accessories

environmental 

outsourcing

software

and others

protection

services

Total

RMB

RMB

RMB

RMB

RMB

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Revenue

 

¥

19,055,227

 

¥

9,730,859

 

¥

12,789,684

¥

3,983,821

 

¥

45,559,591

Cost of revenue and related tax

 

14,955,185

 

6,254,015

 

9,988,100

1,230,472

 

32,427,772

Gross profit

 

¥

4,100,042

 

¥

3,476,844

 

¥

2,801,584

¥

2,753,349

 

¥

13,131,819

Depreciation and amortization

 

¥

524,970

 

¥

358,954

 

¥

1,038,342

¥

30,359

 

¥

1,952,625

Total capital expenditures

 

¥

2,303,311

 

¥

3,008

 

¥

¥

14,953

 

¥

2,321,272

Timing of revenue recognition

Goods transferred at a point in time

¥

19,055,227

¥

9,730,859

¥

10,282,687

¥

3,983,821

¥

43,052,594

Services rendered over time

 

 

2,506,997

 

2,506,997

Total revenue

¥

19,055,227

¥

9,730,859

¥

12,789,684

¥

3,983,821

¥

45,559,591

    

June 30, 

    

December 31,

    

December 31,

2023

2023

2023

RMB

US Dollars

RMB

(Unaudited)

(Unaudited)

Total assets:

 

  

 

  

 

  

Automation product and software

 

¥

167,009,315

 

¥

157,269,367

$

22,150,927

Equipment, accessories and others

 

170,809,759

 

158,131,921

 

22,272,414

Oilfield environmental protection

107,393,609

94,285,444

13,279,827

Platform outsourcing services

 

86,611,894

 

73,569,497

 

10,362,047

Total assets

 

¥

531,824,577

 

¥

483,256,229

$

68,065,215