| Summary of fair values of the identifiable assets and liabilities |
| | | | | | | | | RMB | | US Dollars | Cash | | ¥ | 471,843 | | $ | 69,541 | Accounts receivable, net | | | 831,049 | | | 122,481 | Other receivables, net | | | 144,285 | | | 21,265 | Contract costs, net | | | 75,250 | | | 11,090 | Prepaid expenses | | | 91,132 | | | 13,431 | Property and equipment, net | | | 118,130 | | | 17,410 | Intercompany receivables* | | | 6,850,000 | | | 1,009,565 | Intangible assets- customer relationship | | | 7,000,000 | | | 1,031,672 | Goodwill | | | 6,996,895 | | | 1,031,215 | Accounts payable | | | (1,032,078) | | | (152,109) | Other payables | | | (1,273,182) | | | (187,644) | Other payable- related parties | | | (479,959) | | | (70,737) | Deferred revenue | | | (39,786) | | | (5,864) | Accrued payroll and employees’ welfare | | | (1,629,519) | | | (240,161) | Taxes payable | | | (64,253) | | | (9,470) | Deferred tax liability | | | (1,050,000) | | | (154,751) | Total | | ¥ | 17,009,807 | | $ | 2,506,935 | Cash considerations | | | — | | | — | Deemed equity consideration to acquire 8% equity interest in FGS | | | 1,689,807 | | | 249,047 | Fair value of previously held equity interest | | | 30,530,000 | | | 4,499,565 | Non-controlling interest | | | 34,790,000 | | | 5,127,412 | Capital contribution receivable due from non-controlling Interest | | | (50,000,000) | | | (7,369,088) | Total | | ¥ | 17,009,807 | | $ | 2,506,935 |
* | Intercompany receivables from Nanjing Recon and BHD are eliminated upon consolidation. |
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| 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 as of June 30, 2026 is as following: | | | | | | | | | | | | June 30, | | June 30, | | June 30, | | | 2025 | | 2026 | | 2026 | | | RMB | | RMB | | US Dollars | Goodwill | | ¥ | 6,996,895 | | ¥ | 6,996,895 | | $ | 1,031,215 | Less: impairment for goodwill | | | (6,996,895) | | | (6,996,895) | | | (1,031,215) | Goodwill, net | | ¥ | — | | ¥ | — | | $ | — |
The fair value of identified intangible assets, which is customer relationship, and its estimated useful lives as of June 30, 2026 is as follows: | | | | | | | | | | | | | | | | | Average | | | | | | | | | Useful Life | | | Fair Value | | (in Years) | | | RMB | | US Dollars | | | Intangible assets - customer relationship | | ¥ | 7,000,000 | | $ | 1,031,672 | | 10 | Less: accumulated amortization | | | (1,750,000) | | | (257,918) | | | Less: impairment | | | (5,250,000) | | | (773,754) | | | Intangible assets - customer relationship, net | | ¥ | — | | $ | — | | |
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