XML 48 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
TRADE ACCOUNTS RECEIVABLE, NET (Tables)
12 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
Schedule Of Accounts Receivable Third Party [Table Text Block]
Accounts receivable consisted of the following:
 
 
 
June 30, 2015
 
June 30, 2016
 
June 30, 2016
 
Third Party
 
RMB
 
RMB
 
U.S. Dollars
 
Trade accounts receivable
 
¥
58,049,462
 
¥
42,665,499
 
$
6,421,340
 
Allowance for doubtful accounts
 
 
(5,863,065)
 
 
(4,567,873)
 
 
(687,485)
 
Total - third- party, net
 
¥
52,186,397
 
¥
38,097,626
 
$
5,733,855
 
 
 
 
June 30, 2015
 
June 30, 2016
 
June 30, 2016
 
Third Party – long-term
 
RMB
 
RMB
 
U.S. Dollars
 
Beijing Yabei Nuoda Science and Technology Co. Ltd. *
 
¥
4,934,072
 
¥
2,467,036
 
$
371,299
 
Allowance for doubtful accounts
 
 
(493,407)
 
 
(246,704)
 
 
(37,130)
 
Total - long-term trade accounts receivable, net
 
¥
4,440,665
 
¥
2,220,332
 
$
334,169
 
 
*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 was to be collected in two years beginning in 2017, with each installment of ¥2,467,036 ($371,299). During the year ended June 30, 2016, the Company received the payment on time as scheduled.
Schedule Of Accounts Receivable Related Party [Table Text Block]
 
 
June 30, 2015
 
June 30, 2016
 
June 30, 2016
 
Related Party
 
RMB
 
RMB
 
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
 
¥
-
 
$
-
 
 
** During the year ended June 30, 2016, the Company offset ¥980,000 ($147,494) of accounts receivable and accounts payable pursuant to certain settlement agreements with Xiamen Huangsheng Hitek Computer Network Co. Ltd , a related party of the Company.
 
*** During the year ended June 30, 2016, the Company offset ¥2,699,347 ($406,263) of accounts receivable with ¥2,499,347 ($376,162) of accounts payable and ¥200,000 ($30,101) pursuant to certain settlement agreements with Xiamen Henda Hitek Computer Network Co. Ltd., a related party of the Company.
Allowance for Credit Losses on Financing Receivables [Table Text Block]
Movement of allowance for doubtful accounts is as follows:
 
 
 
June 30, 2015
 
June 30, 2016
 
June 30, 2016
 
 
 
RMB
 
RMB
 
U.S. Dollars
 
Beginning balance
 
 
6,337,051
 
 
6,356,472
 
 
956,676
 
Charge to expense
 
 
19,421
 
 
1,650,745
 
 
248,444
 
Less: write-off
 
 
-
 
 
(3,192,640)
 
 
(480,505)
 
Ending balance
 
¥
6,356,472
 
¥
4,814,577
 
$
724,615