NOTE 4. OTHER RECEIVABLES, NET

Other receivables consisted of the following:

Third Party		June 30, 2012		June 30, 2013		June 30, 2013
Current Portion		RMB		RMB		U.S. Dollars

Due from ENI (A)	¥	5,396,143	¥	6,799,669	$	1,098,812

Loans to third parties (B)		1,485,610		8,440,639		1,363,989

Business advance to staff (C)		1,139,796		2,977,176		481,105

Deposits for projects		146,903		185,669		30,004

Others		381,404		1,210,230		195,571

Allowance for doubtful accounts		(475,760)		(481,880)		(77,871)

Total	¥	8,074,096	¥	19,131,503	$	3,091,610

Third Party		June 30, 2012		June 30, 2013		June 30, 2013
Non-Current Portion		RMB		RMB		U.S. Dollars

Due from ENI (A)	¥	10,302,349	¥	3,502,680	$	566,026

Total	¥	10,302,349	¥	3,502,680	$	566,026

(A) After ENI ceased to be a VIE of the Company, ENI in January 2012 agreed to repay the loan on a payment schedule, with interest accrued during the period at an annual rate of 4%. In accordance with the payment schedule, the principal plus accrued interest is required to be repaid over approximately three years on a quarterly basis beginning March 2012. The first four payments are RMB 1.2 million each. In March, June, September and December of 2012, the Company received RMB 4.8 million. Starting March 2013, the installment for each quarter would be ¥1,777,653. The Company received the payments on time in March and June, 2013.The payments after one year are RMB3,502,680.

(B) Loans to third-parties are mainly used for short-term funding to support cooperative companies. These loans are due on demand bearing no interest.

(C) Business advance to staff represents advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance.

Other receivables - related parties represent loans to related parties for working capital advances to related entities. Such advances are due-on-demand and non-interest bearing.

Below is a summary of other receivables - related parties which consisted of the following:

Related Party		June 30, 2012		June 30, 2013		June 30, 2013
Name of Related Party		RMB		RMB		RMB
Beijing Yabei Nuoda Science and Technology Co. Ltd. (A)	¥	-	¥	500,000	$	80,799

Other-travel advances (B)		17,729		292,528		39,192

Total	¥	17,729	¥	742,528	$	119,991

(A) Non-interest bearing loan for working capital purpose.

(B) Other Travel advances were paid to the Company’s management. These advances are short term and will be offset against travel and business expenses.