OTHER RECEIVABLES, NET (Tables)

6 Months Ended

Dec. 31, 2013

Schedule Of Other Receivables [Table Text Block]

Other receivables consisted of the following:

Third Party	June 30, 2013		December 31, 2013		December 31, 2013
Current Portion	RMB		RMB		U.S. Dollars

Due from ENI (A)	¥	6,799,669	¥	2,474,147	$	404,908

Loans to third parties (B)		8,440,639		7,462,126		1,221,217

Business advance to staff (C)		2,977,176		4,113,633		673,218

Deposits for projects		185,669		276,314		45,220

Others		1,210,230		332,424		54,403

Allowance for doubtful accounts		(481,880)		(467,014)		(76,429)

Total	¥	19,131,503	¥	14,191,630	$	2,322,537

Third Party	June 30, 2013		December 31, 2013		December 31, 2013
Non-Current Portion	RMB		RMB		U.S. Dollars

Due from ENI (A)	¥	3,502,680	¥	6,627,046	$	1,084,552

Total	¥	3,502,680	¥	6,627,046	$	1,084,552

(A)

Due from ENI represents a working capital loan to the Company’s former VIE. The loan balance had been an intercompany balance and was eliminated in the Company’s consolidated financial statements before the deconsolidation of ENI. It was reclassified to other receivables after ENI ceased to be a VIE of the Company on December 16, 2010. In January 2012, ENI agreed to repay the loan on a payment schedule, and interest is accruing 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 were RMB 1.2 million each. In March, June, September and December of 2012, the Company received an aggregate of RMB 4.8 million. Starting March 2013, installments for each quarter would be ¥1,777,653. The Company has received the payments timely in March and June of 2013. On September 30, 2013, ENI proposed to extend the payment period and resigned an agreement with the Company. According to the new agreement, the remaining balance of this loan would be repaid over four years with installments of ¥699,147 each quarter including interest. The payments required after 1 year are RMB 6,627,046 ($1,084,552).

(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.

Schedule Of Other Receivables Related Party [Table Text Block]

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

Related Party	June 30, 2013		December 31, 2013		December 31, 2013
Name of Related Party	RMB		RMB		U.S. Dollars

Beijing Yabei Nuoda Science and Technology Co. Ltd.	¥	500,000	¥	500,000	$	81,828

Other-travel advances (A)		242,528		95,304		15,597

Total	¥	742,528	¥	595,304	$	97,425

(A) Other travel advances were paid to the Company’s management.