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EQUITY INVESTMENTS
 12 Months Ended
Sep. 30, 2012
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Disclosure [Text Block]
10.
EQUITY INVESTMENTS
 
Equity investments consist of the following:
 
 
 
September 30,
 
 
 
2011
 
2012
 
 
 
RMB
 
RMB
 
 
 
 
 
 
 
 
 
Equity method investment
 
 
20,503
 
 
3,712
 
Cost method investment
 
 
-
 
 
18,721
 
 
 
 
20,503
 
 
22,433
 
Liyu
 
The Company owns 30% equity interest in Liyu and accounts for the investment in Liyu under the equity method. For the years ended September 30, 2010, 2011 and 2012, the Company recorded its pro-rata share of earnings in Liyu of RMB497, RMB2,954 and RMB4,030 respectively. The Company also received dividends of RMB1,200, RMB2,467 and RMB2,100 respectively from Liyu for each of the years ended September 30, 2010, 2011 and 2012. The dividend received was accounted for as a reduction in equity investments.
 
A summary of the financial information of Liyu is set forth below:
 
Balance sheets:
 
September 30,
 
 
 
2011
 
2012
 
 
 
RMB
 
RMB
 
 
 
 
 
 
 
 
 
Current assets
 
 
8,287
 
 
14,091
 
Non-current assets
 
 
4,290
 
 
5,783
 
Total assets
 
 
12,577
 
 
19,874
 
Current and total liabilities
 
 
(6,412)
 
 
(7,275)
 
Total shareholders’ equity
 
 
6,165
 
 
12,599
 
 
Operating results:
 
Year ended September 30,
 
 
 
2010
 
2011
 
2012
 
 
 
RMB
 
RMB
 
RMB
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
 
10,830
 
 
19,027
 
 
19,038
 
Income from operations
 
 
1,714
 
 
11,304
 
 
11,818
 
Net income
 
 
1,655
 
 
9,845
 
 
13,434
 
 
Jinong
 
The Company owns 23% equity interest in Jinong and accounts for the investment under the equity method before fiscal year 2011. While one shareholder of Jinong increased its investment and the share owned by the Company reduced to 17.94% in this year, the Company has no significant influence in Jinong anymore and the accounting for the investment changed to cost method. For the years ended September 30, 2010, 2011, the Company recorded its pro-rata share of earnings (losses) in Jinong of RMB1,215 and RMB(1,345), respectively. We assessed the impairment of the investment as of September 30, 2012. As the share of net equity the Company owned is greater than the investment cost, no impairment noted.