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BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY (Tables)

12 Months Ended

Jun. 30, 2025

BUSINESS ACQUISITION AND INVESTMENT IN UNCONSOLIDATED ENTITY

Summary of fair values of the identifiable assets and liabilities

​

​	​	​	​	​	​	​
​		RMB			US Dollars
Cash		¥	471,843	​	$	65,867
Accounts receivable, net		​	831,049	​		116,010
Other receivables, net		​	144,285	​		20,141
Contract costs, net		​	75,250	​		10,504
Prepaid expenses		​	91,132	​		12,722
Property and equipment, net		​	118,130	​		16,490
Intercompany receivables*		​	6,850,000	​		956,223
Intangible assets- customer relationship		​	7,000,000	​		977,162
Goodwill		​	6,996,895	​		976,729
Accounts payable		​	(1,032,078)	​		(144,073)
Other payables		​	(1,273,182)	​		(177,729)
Other payable- related parties		​	(479,959)	​		(67,000)
Deferred revenue		​	(39,786)	​		(5,554)
Accrued payroll and employees’ welfare		​	(1,629,519)	​		(227,472)
Taxes payable		​	(64,253)	​		(8,969)
Deferred tax liability		​	(1,050,000)	​		(146,574)
Total	​	¥	17,009,807	​	$	2,374,477
Cash considerations		​	—	​	​	—
Deemed equity consideration to acquire 8% equity interest in FGS	​	​	1,689,807	​	​	235,888
Fair value of previously held equity interest		​	30,530,000	​		4,261,824
Non-controlling interest		​	34,790,000	​		4,856,497
Capital contribution receivable due from non-controlling Interest		​	(50,000,000)	​		(6,979,731)
Total		¥	17,009,807	​	$	2,374,477

* Intercompany receivables from Nanjing Recon and BHD are eliminated upon consolidation.

Summary of fair value of goodwill acquired and the carrying value, customer relationship, and its estimated useful lives

The identifiable goodwill acquired and the carrying value consisted of the following:

​

​	​	​	​	​	​	​	​	​	​
​		June 30,			June 30,			June 30,
​	​	2024		​	2025		​	2025
​		RMB		​	RMB			US Dollars
Goodwill	​	¥	6,996,895	​	¥	6,996,895	​	$	976,729
Less: impairment for goodwill	​	​	(6,996,895)	​	​	(6,996,895)	​	​	(976,729)
Goodwill, net	​	¥	—	​	¥	—	​	$	—

​

The fair value of identified intangible assets, which is customer relationship, and its estimated useful lives as of June 30, 2025 is as follows:

​	​	​	​	​	​	​	​	​
​		​	​	​	​	​		Average
​	​	​	​	​	​	​	​	Useful Life
​	​	Fair Value					​	(in Years)
​		RMB (Unaudited)			US Dollars (Unaudited)			​
Intangible assets - customer relationship		¥	7,000,000	​	$	977,163		10
Less: accumulated amortization	​	​	(1,750,000)	​	​	(244,291)	​	​
Less: impairment	​	​	(5,250,000)	​	​	(732,872)	​	​
Intangible assets - customer relationship, net	​	¥	—	​	$	—	​	​

X

- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

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Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

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