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CONSTRUCTION IN PROGRESS
12 Months Ended
Jun. 30, 2025
CONSTRUCTION IN PROGRESS  
CONSTRUCTION IN PROGRESS

NOTE 10. CONSTRUCTION IN PROGRESS

    

June 30,

    

June 30,

    

June 30,

2024

2025

2025

RMB

RMB

US Dollars

Construction in progress

 

¥

219,132

 

¥

12,000,900

$

1,675,261

Construction in progress refers to the factory construction being undertaken by Recon-SD for its plastic recycling business (“the Project”). It primarily accounts for the direct and indirect costs incurred by the Project. The Project occupies approximately 50 acres. Upon full completion, the Project will comprise a production workshop, a process equipment area, a raw material warehouse area, a tank farm area, Multi-functional office buildings, a hazardous waste storage facility, and supporting utility infrastructure. Currently, two production lines are under construction. The overall factory construction is expected to be finished in February 2026. The total budget for the Project is approximately $20 million. As of June 30, 2025, the construction costs amounted to ¥12,000,900 ($1,675,261).