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SEGMENT REPORTING

6 Months Ended

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.

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