TRADE ACCOUNTS RECEIVABLE, NET

3 Months Ended

Sep. 30, 2015

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 3. TRADE ACCOUNTS RECEIVABLE, NET

Accounts receivable consisted of the following:

	June 30, 2015		September 30, 2015		September 30, 2015
Third Party	RMB		RMB		U.S. Dollars
Trade accounts receivable	¥	58,049,462	¥	54,318,512	$	8,548,981
Allowance for doubtful accounts		(5,863,065)		(2,817,205)		(443,390)
Total - third- party, net	¥	52,186,397	¥	51,501,307	$	8,105,591

	June 30, 2015		September 30, 2015		September 30, 2015
Related Party	RMB		R MB		U.S. Dollars
Beijing Langchen Construction Company		726,800		-		-
Xiamen Huangsheng Hitek Computer Network Co.Ltd.		980,000		-		-
Xiamen Henda Hitek Computer Network Co. Ltd.		3,063,000		-		-
Total - related-parties, net	¥	4,769,800	¥	-	$	-

	June 30, 2015		September 30, 2015		September 30, 2015
Third Party – long-term	RMB		RMB		U.S. Dollars
Beijing Yabei Nuoda Science and Technology Co. Ltd. *	¥	4,934,072	¥	3,786,637	$	595,964
Allowance for doubtful accounts		(493,407)		(378,664)		(59,596)
Total - long-term trade accounts receivable, net	¥	4,440,665	¥	3,407,973	$	536,368

* The receivable from Yabei Nuoda was recognized primarily from the sale of automation system and services based on written contracts. Based on the repayment agreement signed on September 2, 2015, the outstanding balance will be collected in two years beginning 2017, with each installment of ¥2,467,036.