INVESTMENTS IN AFFILIATES

12 Months Ended

Dec. 31, 2015

INVESTMENTS IN AFFILIATES [Abstract]

INVESTMENTS IN AFFILIATES

12. INVESTMENTS IN AFFILIATES

Investments accounted for under the equity method.

The movement of the investments in equity method is as follows:

	As of December 31,
	2014		2015
	RMB		RMB
At the beginning of year		86,368,746		95,918,035
Share of gain of affiliated companies		9,549,289		13,669,112
At the end of year		95,918,035		109,587,147

On December 20, 2012, JinkoSolar signed a strategic cooperation agreement with Jinchuan Group Co., Ltd. (“Jinchuan Group”), a Chinese state-owned enterprise, to jointly invest in and establish a company named Gansu Jintai Electronic Power Co., Ltd. (“Gansu Jintai” or “investee”), to develop 200 MW photovoltaic (“PV”) solar power plant in Jinchang, Gansu Province, China. JinkoSolar holds 28% equity interest in Gansu Jintai and accounts for its investment in Gansu Jintai using the equity method as JinkoSolar has the ability to exercise significant influence over the operating and financial policies of the investee. JinkoSolar's share of Gansu Jintai 's results of operations is included in equity (loss)/gain in affiliated companies in the Group's consolidated statements of operations, with an amount of RMB9,549,289 and RMB13,669,112 for the year ended December 31, 2014 and 2015, respectively.

Investments accounted for under the cost method

In May 2012, the Group acquired a 9% stake in Heihe Hydropower Development Co., Ltd, a company in Gaisu province, China, for a consideration of RMB7,200,000. The Group accounted for the RMB7.2 million using the cost method of accounting.