ADVANCES TO SUPPLIERS, NET - THIRD PARTIES

12 Months Ended

Dec. 31, 2016

ADVANCES TO SUPPLIERS, NET - THIRD PARTY [Abstract]

ADVANCES TO SUPPLIERS, NET - THIRD PARTY

11. ADVANCES TO SUPPLIERS, NET – THIRD PARTIES

	As of December 31,
	2015		2016
	RMB		RMB
Advances to suppliers - current		258,114,710		333,291,005
Provision for advances to suppliers		(6,724,857)		(7,524,746)
Advances to suppliers, net		251,389,853		325,766,259

The Company recorded provisions of RMB2,694,857, nil and RMB799,889, against advances with other suppliers for the years ended December 31, 2014, 2015 and 2016, respectively.

As of December 31, 2015 and 2016, advances to suppliers with term of less than 1 year mainly represent payments for procurement of recoverable silicon materials, virgin polysilicon and solar cells and the Group has delivery plan with the respective suppliers to receive the materials in the next twelve months.