OTHER RECEIVABLES, NET (Tables)

12 Months Ended

Jun. 30, 2016

Schedule Of Other Receivables [Table Text Block]

Other receivables consisted of the following:

Third Party	June 30, 2015		June 30, 2016		June 30, 2016
Current Portion	RMB		RMB		U.S. Dollars
Due from ENI (A)	¥	2,624,071	¥	2,729,033	$	410,731
Loans to third parties (B)		11,154,344		14,168,344		2,132,396
Business advance to staff (C)		3,927,238		4,952,114		745,314
Deposits for projects		543,800		893,669		134,501
Others		637,348		534,759		80,484
Allowance for doubtful accounts		(822,233)		(1,277,807)		(192,315)
Total	¥	18,064,568	¥	22,000,112	$	3,311,111

Provision for other receivables was ¥371,217 and ¥455,574 ($68,566) for the years ended June 30, 2015 and 2016, respectively.

Third Party	June 30, 2015		June 30, 2016		June 30, 2016
Non-Current Portion	RMB		RMB		U.S. Dollars
Due from ENI (A)	¥	2,729,033	¥	-	$	-
Total	¥	2,729,033	¥	-	$	-

(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, which is due by June 30, 2017. The Company has continued to receive the payments under the agreement.

(B)

Loans to third-parties are mainly used for short-term funding to support the Company’s external business partners. 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.

Allowance For Doubtful Accounts In Other 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		451,016		822,233		123,750
Charge to expense		371,217		455,574		68,565
Ending balance	¥	822,233	¥	1,277,807	$	192,315