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SEGMENT REPORTING | 6 Months Ended
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Dec. 31, 2024
SEGMENT REPORTING |
SEGMENT REPORTING | NOTE 25. 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, 2023 and 2024, respectively: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended December 31,
​ | ​ | 2023 | ​ | 2024 | ​ | 2024
​ |  | RMB |  | RMB |  | US Dollars
​ | ​ | (Unaudited) | ​ | (Unaudited) | ​ | (Unaudited)
Automation product and software |  | ¥ | 17,552,892 |  | ¥ | 20,923,759 | ​ | $ | 2,866,543
Equipment, accessories and others |  | ​ | 17,867,404 |  | ​ | 15,684,480 | ​ |  | 2,148,765
Oilfield environmental protection | ​ | ​ | 8,053,696 | ​ | ​ | 2,721,894 | ​ | ​ | 372,898
Platform Outsourcing Services |  | ​ | 1,782,680 |  | ​ | 2,739,137 | ​ |  | 375,260
Total revenue |  | ¥ | 45,256,672 |  | ¥ | 42,069,270 | ​ | $ | 5,763,466
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended December 31, 2024
​ |  | Automation |  | Equipment, |  | Oilfield |  | Platform |  | ​ | ​ |  | ​ | ​
​ | ​ | product and | ​ | accessories | ​ | environmental | ​ | outsourcing | ​ | Chemical | ​ | ​ | ​
​ | ​ | software | ​ | and others | ​ | protection | ​ | services | ​ | recycle | ​ | Total
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
Revenue |  | ¥ | 20,923,759 |  | ¥ | 15,684,480 |  | ¥ | 2,721,894 | ​ | ¥ | 2,739,137 | ​ | ¥ | — |  | ¥ | 42,069,270
Cost of revenue and related tax |  | ​ | 12,381,024 | ​ | ​ | 11,151,894 | ​ | ​ | 4,852,390 | ​ | ​ | 329,160 | ​ | ​ | — | ​ | ​ | 28,714,468
Gross profit |  | ¥ | 8,542,735 | ​ | ¥ | 4,532,586 | ​ | ¥ | (2,130,496) | ​ | ¥ | 2,409,977 | ​ | ¥ | — | ​ | ¥ | 13,354,802
Depreciation and amortization |  | ¥ | 255,103 |  | ¥ | 440,240 |  | ¥ | 1,028,723 | ​ | ¥ | — | ​ | ¥ | 150,003 |  | ¥ | 1,874,069
Capital expenditures |  | ¥ | 27,300 |  | ¥ | 557,106 |  | ¥ | — | ​ | ¥ | — | ​ | ¥ | — |  | ¥ | 584,406
Timing of revenue recognition: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | ​
Goods transferred at a point in time | ​ | ​ | 17,064,210 | ​ | ​ | 15,684,480 | ​ | ​ | 2,721,894 | ​ | ​ | 2,139,137 | ​ | ​ | — | ​ | ​ | 37,609,721
Services rendered over time | ​ | ​ | 3,859,549 |  | ​ | — |  | ​ | — | ​ | ​ | 600,000 | ​ | ​ | — |  | ​ | 4,459,549
Total revenue | ​ | ¥ | 20,923,759 | ​ | ¥ | 15,684,480 | ​ | ¥ | 2,721,894 | ​ | ¥ | 2,739,137 | ​ | ¥ | — | ​ | ¥ | 42,069,270
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
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
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31, |  | December 31,
​ | ​ | 2024 | ​ | 2024 | ​ | 2024
​ | ​ | ​ | ​ | ​ | RMB | ​ | US Dollars
​ | ​ | RMB | ​ | (Unaudited) | ​ | (Unaudited)
Total assets: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Automation product and software |  | ¥ | 132,194,082 |  | ¥ | 133,099,628 | ​ | $ | 18,234,574
Equipment, accessories and others |  | ​ | 145,316,223 |  | ​ | 137,069,712 | ​ |  | 18,778,474
Oilfield environmental protection | ​ | ​ | 78,023,782 | ​ | ​ | 76,766,728 | ​ | ​ | 10,516,999
Platform outsourcing services |  | ​ | 61,931,606 |  | ​ | 61,196,037 | ​ |  | 8,383,823
Chemical recycling | ​ | ​ | 134,923,821 | ​ | ​ | 133,581,927 | ​ | ​ | 18,300,647
Total assets |  | ¥ | 552,389,514 |  | ¥ | 541,714,032 | ​ | $ | 74,214,517
​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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