NOTE 4. OTHER RECEIVABLES, NET

Other receivables consisted of the following:

Third Party	June 30, 2015		September 30, 2015		September 30, 2015
Current Portion	RMB		RMB		U.S. Dollars
Due from ENI (A)	¥	2,624,071	¥	3,375,349	$	531,233
Loans to third parties (B)		11,154,344		10,743,344		1,690,853
Business advance to staff (C)		3,927,238		4,615,793		726,462
Deposits for projects		543,800		1,102,129		173,460
Others		637,348		142,263		22,390
Allowance for doubtful accounts		(822,233)		(841,233)		(132,398)
Total	¥	18,064,568	¥	19,137,645	$	3,012,000

Third Party	June 30, 2015		September 30, 2015		September 30, 2015
Non-Current Portion	RMB		RMB		U.S. Dollars
Due from ENI (A)	¥	2,729,033	¥	2,056,776	$	323,708
Total	¥	2,729,033	¥	2,056,776	$	323,708

(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, 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 ($110,036). The Company has continued to receive payments under the agreement.

(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 are non-interest bearing.

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

Related Party	June 30, 2015		September 30, 2015		September 30, 2015
Name of Related Party	RMB		RMB		U.S. Dollars
Beijing Langchen Construction Company		91,021		-		-
Total	¥	91,021	¥	-	$	-