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OTHER RECEIVABLES, NET (Tables)

6 Months Ended

Dec. 31, 2024

OTHER RECEIVABLES, NET

Schedule of other receivables, net


		June 30,			December 31,			December 31,
		2024			2024			2024
					RMB			US Dollars
Third Party		RMB			(Unaudited)			(Unaudited)
Business advances to officers and staffs *		¥	1,373,300		¥	1,469,788		$	201,360
Deposits for projects			1,056,316			1,651,530			226,259
VAT recoverable			583,413			625,505			85,694
Others			1,139,397			763,660			104,620
Allowance for credit losses			(800,374)			(575,618)			(78,859)
Other receivable, net		¥	3,352,052		¥	3,934,865		$	539,074

*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.

Schedule of movement of allowance for credit losses


		June 30,			December 31,			December 31,
		2024			2024			2024
					RMB			US Dollars
		RMB			(Unaudited)			(Unaudited)
Beginning balance		¥	1,994,960		¥	800,374		$	109,651
Charge to (reversal of) allowance			(1,194,586)			(224,756)			(30,792)
Ending balance		¥	800,374		¥	575,618		$	78,859