OTHER INCOME/(EXPENSES), NET

12 Months Ended

Dec. 31, 2020

OTHER INCOME/(EXPENSES), NET

OTHER INCOME/(EXPENSES), NET

5.    OTHER INCOME/(EXPENSES), NET

	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Guarantee income	26,229,524	18,574,433	14,687,691
Donations	(412,465)	(701,000)	(12,395,500)
Total	25,817,059	17,873,433	2,292,191

Since 2016, the Group issued debt payment guarantees and redemption guarantees in favor of JinkoPower, a related party (Note 28). The guarantee liability which corresponds with the guarantee fees received is being amortized in straight line during the guarantee period from 1 to 16 years based on the life of the outstanding guaranteed bank loans by recognizing a credit to other income.

Increase of donations for the year ended December 31, 2020 was primarily due to the Group’s charitable donations in sight of the outbreak of COVID-19.