TAXATION (Tables)

12 Months Ended

Dec. 31, 2016

TAXATION [Abstract]

Schedule of Earnings Before Income Taxes

	For the year ended December 31
	2014		2015		2016
	RMB		RMB		RMB
Cayman Islands		73,715,803		(5,667,142)		(122,966,973)
PRC		684,876,769		786,947,233		1,394,413,594
Other countries		(195,842,589)		85,793,052		(23,724,060)
Income from continuing operations before income taxes		562,749,983		867,073,143		1,247,722,561

Schedule of Current and Deferred Income Taxes

	For the year ended December 31
	2014		2015		2016
	RMB		RMB		RMB
Current income tax expenses
PRC		(28,241,780)		(104,597,580)		(234,278,825)
Other countries		(7,722,360)		(12,024,951)		(35,469,815)
Total current income tax expenses		(35,964,140)		(116,622,531)		(269,748,640)
Deferred tax benefit		171,357,102		16,088,702		12,261,634
Income tax (expense)/benefit, net		135,392,962		(100,533,829)		(257,487,006)

Schedule of Income Tax Rate Reconciliation

	For the year ended December 31
	2014		2015		2016
	%		%		%
Statutory CIT rate		25.0		25.0		25.0
Effect of permanent differences:
—Share-based compensation expenses		1.1		2.0		1.1
—Change in fair value of convertible senior notes and capped call options		(2.8)		0.4		2.2
—Accrued payroll and welfare expenses		0.5		1.3		1.0
—Change of enacted tax rate		(9.2)		(3.5)		0.4
—Other permanent differences		1.1		(2.0)		(0.0)
Difference in tax rate of a subsidiary outside the PRC		0.9		(1.1)		0.9
Effect of tax holiday for subsidiaries		(11.9)		(9.1)		(10.9)
Change in valuation allowance		(28.8)		(1.4)		0.9
Effective CIT rate		(24.1)		11.6		20.6

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

	For the year ended December 31
	2014		2015		2016
	RMB		RMB		RMB
The aggregate amount of effect		66,792,435		79,037,989		135,724,429
Per share effect—basic		0.54		0.63		1.08
Per share effect—diluted		0.43		0.62		1.04

Schedule of Current Deferred Tax Assets

	For the year ended December 31
	2015		2016
	RMB		RMB
Net operating losses		-		17,458,359
Provision for inventories, accounts receivable, other receivable		74,388,533		81,441,291
Change in fair value of forward contracts		(244,141)		(96,131)
Accrued warranty costs		20,135,070		10,505,141
Accrued interest		1,112,954		637,754
Timing difference for revenue recognition		(17,679,078)		10,974,242
Other temporary differences		18,498,176		18,278,850
Total deferred tax assets		96,211,514		139,199,506
Less: Valuation allowance		(17,110,947)		(8,523,851)
Deferred tax assets—current, net		79,100,567		130,675,655
Other temporary differences		(9,266,399)		(17,074,064)
Deferred tax liabilities—current, net		(9,266,399)		(17,074,064)

Schedule of Noncurrent Deferred Tax Assets

	For the year ended December 31
	2015		2016
	RMB		RMB
Net operating losses		37,681,060		57,699,650
Accrued warranty costs		73,807,284		118,214,437
Timing difference for project assets, property, plant and equipment		22,735,289		8,463,603
Timing difference for revenue recognition of retainage contract		21,260,336		8,113,322
Total deferred tax assets		155,483,969		192,491,012
Less: Valuation allowance		(37,681,059)		(57,699,650)
Deferred tax assets—non-current, net		117,802,910		134,791,362
Timing difference for project assets, property, plant and equipment		-		(50,625,310)
Other temporary differences		(25,220)		(25,220)
Deferred tax liabilities—non-current, net		(25,220)		(50,650,530)

Schedule of Movement of Valuation Allowances

	For the year ended December 31
	2014		2015		2016
	RMB		RMB		RMB
At beginning of year		(229,484,242)		(67,263,314)		(54,792,006)
Current year additions		(51,335,333)		(20,392,519)		(38,362,418)
Utilization and reversal of valuation allowances		213,556,261		32,863,827		26,930,923
At end of year		(67,263,314)		(54,792,006)		(66,223,501)