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OTHER RECEIVABLES, NET (Details)
Jun. 30, 2015
USD ($)
Jun. 30, 2015
CNY (¥)
Jun. 30, 2014
CNY (¥)
Non-Current Portion      
Total $ 448,205 ¥ 2,729,033 ¥ 5,353,104
Third Party [Member]      
Current Portion      
Due from ENI [1] 430,967 2,624,071 2,523,145
Loans to third parties [2] 1,831,945 11,154,344 8,979,408
Business advance to staff [3] 644,994 3,927,238 6,371,923
Deposits for projects 89,312 543,800 495,961
Others 104,674 637,348 373,622
Allowance for doubtful accounts (135,040) (822,233) (451,016)
Total 2,966,852 18,064,568 18,293,043
Non-Current Portion      
Due from ENI [1] 448,205 2,729,033 5,353,104
Total $ 448,205 ¥ 2,729,033 ¥ 5,353,104
[1] 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, installments for each quarter would be ¥1,777,653. The Company received the payments on time in March and June, 2013. On September 30, 2013, ENI proposed to extend the payment period and signed a new contract with the Company. According to the new arrangement, the remaining part of this loan will be repaid over four years with quarterly installments of ¥699,147. The Company has continued to receive the payments under the agreement.
[2] Loans to third-parties are mainly used for short-term funding to support cooperative companies. These loans are due on demand bearing no interest.
[3] 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.