LAND USE RIGHTS, NET

12 Months Ended

Dec. 31, 2012

LAND USE RIGHTS, NET [Abstract]

LAND USE RIGHTS, NET

12. LAND USE RIGHTS, NET

Land use rights represent fees paid to the government to obtain the rights to use certain lands over periods of 50 or 70 years, as applicable, in the PRC.

	As of December 31,
	2011			2012
	RMB			RMB
Land use rights		382,657,019			386,909,459
Less: accumulated amortization		(14,614,093	)		(21,160,244	)
Land use rights, net		368,042,926			365,749,215

Amortization expense was RMB4,075,087, RMB5,558,122 and RMB6,546,151 for the years ended December 31, 2010, 2011 and 2012, respectively. As of December 31, 2012, estimated amortization expense in each of the next five years is RMB6,740,845.

Certain land use rights are pledged as collateral for the Company's borrowings (Note 17).