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OTHER RECEIVABLES, NET (Details)
Sep. 30, 2015
CNY (¥)
Sep. 30, 2015
USD ($)
Jun. 30, 2015
CNY (¥)
Non-Current Portion      
Total ¥ 2,056,776 $ 323,708 ¥ 2,729,033
Third Party [Member]      
Current Portion      
Due from ENI [1] 3,375,349 531,233 2,624,071
Loans to third parties [2] 10,743,344 1,690,853 11,154,344
Business advance to staff [3] 4,615,793 726,462 3,927,238
Deposits for projects 1,102,129 173,460 543,800
Others 142,263 22,390 637,348
Allowance for doubtful accounts (841,233) (132,398) (822,233)
Total 19,137,645 3,012,000 18,064,568
Non-Current Portion      
Due from ENI [1] 2,056,776 323,708 2,729,033
Total ¥ 2,056,776 $ 323,708 ¥ 2,729,033
[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 ($110,036). The Company has continued to receive 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.