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SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 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,			December 31,			December 31,
​	​	2023		​	2023		​	2023
​	​	​		​	RMB		​	US Dollars
​	​	RMB		​	(Unaudited)		​	(Unaudited)
Contract costs, net		¥	49,572,685	​	¥	37,323,824	​	$	5,256,951
Contract liabilities		¥	2,748,365	​	¥	4,888,749	​	$	688,566

Schedule of basic and diluted earnings (loss) per share

​

​	​	​	​	​	​	​	​	​	​
​		For the six months ended December 31,
​		2022			2023			2023
​	​	RMB		​	RMB		​	US Dollars
​	​	(Unaudited)		​	(Unaudited)		​	(Unaudited)
Numerator:		​			​			​
Net loss attributable to Recon Technology, Ltd		¥	(29,876,418)		¥	(22,554,022)	​	$	(3,176,668)
​	​	​	​	​	​	​	​	​	​
Denominator:		​	​		​	​	​		​
Weighted-average number of ordinary shares outstanding – basic*		​	1,932,544		​	2,728,056	​		2,728,056
Class A Ordinary Shares*	​	​	1,704,766	​	​	2,333,612	​	​	2,333,612
Class B Ordinary Shares (used for EPS calculation) **	​	​	227,778	​	​	394,444	​	​	394,444
Potentially dilutive shares from outstanding options/warrants/convertible notes		​	—		​	—	​		—
Weighted-average number of ordinary shares outstanding – diluted*		​	1,932,544		​	2,728,056	​		2,728,056
​	​	​	​	​	​	​	​	​	​
Earnings (loss) per share – basic*		¥	(15.46)		¥	(8.27)	​	$	(1.16)
Earnings (loss) per share – diluted*		¥	(15.46)		¥	(8.27)	​	$	(1.16)

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

** The weighted average number of Class B Ordinary Shares outstanding and number used for EPS calculation has been retrospectively adjusted and converted by a ratio of 1/18 to reflect the actual dividend rate of Class B Ordinary Share after the 2024 Reverse Split.

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Represents in information pertaining to the estimated useful life.

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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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
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