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OTHER RECEIVABLES, NET

12 Months Ended

Jun. 30, 2025

NOTE 5. OTHER RECEIVABLES, NET

Other receivables, net consisted of the following:


	June 30,		June 30,		June 30,
	2024		2025		2025
Third Party	RMB		RMB		US Dollars
Business advances to officers and staffs (A)	¥	1,373,300	¥	797,263	$	111,294
Deposits for projects		1,056,316		1,433,883		200,162
VAT recoverable		583,413		1,139,075		159,009
Others		1,139,397		1,127,654		157,413
Allowance for credit losses		(800,374)		(736,993)		(102,879)
Total Other receivable, net	¥	3,352,052	¥	3,760,881	$	524,999

(A)	Business advances to officers and staffs represent advances for business travel and sundry expenses related to oilfield or on-site installation and inspection of products through customer approval and acceptance.

Provision for credit losses of other receivables was ¥1,375,516 for the year ended June 30, 2023. Net recovery of provision for credit losses of other receivables was ¥1,194,586 for the year ended June 30, 2024. Net recovery of provision for credit losses of other receivables was ¥63,381 ($8,849) for the year ended June 30, 2025.

Movement of allowance for credit losses is as follows:


	June 30,		June 30,		June 30,
	2024		2025		2025
	RMB		RMB		US Dollars
Beginning balance	¥	1,994,960	¥	800,374	$	111,728
Reversal of allowance		(1,194,586)		(63,381)		(8,849)
Ending balance	¥	800,374	¥	736,993	$	102,879