TAXATION (Tables)

12 Months Ended

Dec. 31, 2014

TAXATION [Abstract]

Schedule of Earnings Before Income Taxes

	For the year ended December 31
	2012			2013			2014
	RMB			RMB			RMB
Cayman Islands		(136,614,196	)		(252,710,798	)		73,497,948
PRC		(1,191,201,484	)		334,511,152			695,671,595
Other countries		(224,901,695	)		151,838,949			(186,855,933	)
Income/(Loss) before income taxes		(1,552,717,375	)		233,639,303			582,313,610

Schedule of Current and Deferred Income Taxes

	For the year ended December 31
	2012		2013			2014
	RMB		RMB			RMB
Current income tax (expense)/benefit
PRC		7,561,393		(17,468,843	)		(28,703,637	)
Other countries		838,169		(153,468	)		(7,722,360	)
Total current income tax (expense)/benefit		8,399,562		(17,622,311	)		(36,425,997	)
Deferred tax (expense)/benefit		518,086		(910,065	)		170,760,020
Income tax (expense)/benefit		8,917,648		(18,532,376	)		134,334,023

Schedule of Income Tax Rate Reconciliation

	For the year ended December 31
	2012			2013			2014
	%			%			%
Statutory CIT rate		(25.0	)		25.0			25.0
Effect of permanent differences:
—Share-based compensation expenses		0.3			1.2			1.1
—Change in fair value of convertible senior notes and capped call options		1.6			22.8			(2.8	)
—Accrued payroll and welfare expenses		0.8			2.2			0.4
—Change of enacted tax rate (1)		(7.5	)		43.8			(9.2	)
—Effect of prior year tax difference (2)		(0.6	)		-			(1.5	)
—Other non-deductible expenses		0.8			1.6			6.4
Difference in tax rate of a subsidiary outside the PRC		0.9			3.4			0.7
Effect of tax holiday for subsidiaries		6.9			(5.8	)		(14.6	)
Change in valuation allowance		21.2			(86.3	)		(28.6	)
Effective CIT rate		(0.6	)		7.9			(23.1	)

Schedule of Aggregate Amount and Per Share Effect of Reduction of CIT

	For the year ended December 31
	2012		2013		2014
	RMB		RMB		RMB
The aggregate amount of effect		-		25,853,541		85,570,052
Per share effect—basic		-		0.27		0.70
Per share effect—diluted		-		0.27		0.56

Schedule of Current Deferred Tax Assets

	For the year ended December 31
	2013			2014
	RMB			RMB
Net operating losses		-			209,731
Provision for inventories, accounts receivable, other receivable		59,362,637			65,697,562
Change in fair value of forward contracts		(5,270,148	)		(4,422,965	)
Accrued warranty costs		5,923,185			9,320,959
Accrued interest		503,377			389,575
Other temporary differences		5,283,025			10,991,820
Total deferred tax assets		65,802,076			82,186,682
Less: Valuation allowance		(65,802,076	)		(4,624,641	)
Deferred tax assets—current, net		-			77,562,041
Other temporary differences		-			(6,187,087	)
Deferred tax liabilities—current, net		-			(6,187,087	)

Schedule of Noncurrent Deferred Tax Assets

	For the year ended December 31
	2013			2014
	RMB			RMB
Net operating losses		39,762,082			71,314,107
Accrued warranty costs		25,977,871			55,178,012
Timing difference for project assets, property, plant and equipment		41,045,290			33,296,577
Provision for advance to suppliers to be utilized beyond one year*		34,158,957			-
Provision of prepayment for purchase of property, plant and equipment*		6,629,065			-
Timing difference for revenue recognition of retainage contract		25,442,086			13,267,698
Other temporary differences		3,300,328			(279,551	)
Total deferred tax assets		176,315,679			172,776,843
Less: Valuation allowance		(176,315,679	)		(70,652,937	)
Deferred tax assets—non-current, net		-			102,123,906
Other temporary differences		-			(2,572,785	)
Deferred tax liabilities—non-current, net		-			(2,572,785	)

Schedule of Movement of Valuation Allowances

	For the year ended December 31
	2012			2013			2014
	RMB			RMB			RMB
At beginning of year		(73,967,071	)		(402,860,548	)		(242,117,755	)
Current year additions		(329,813,147	)		(21,347,390	)		(55,339,194	)
Utilization and reversal of valuation allowances		919,670			182,090,183			222,179,371
At end of year		(402,860,548	)		(242,117,755	)		(75,277,578	)