LONG-TERM PAYABLES (Tables)

12 Months Ended

Dec. 31, 2016

Leases [Abstract]

Schedule of Sale Leaseback Transactions [Table Text Block]

	As of December 31,
	2015		2016
	RMB		RMB
Carrying amount of the equipment sold		-		173,699,493
Cash consideration		-		159,980,000
Loss recognized		-		13,719,493

Schedule of Capital Leased Assets [Table Text Block]

	As of December 31,
	2015		2016
	RMB		RMB
Equipment		-		159,980,000
Less: accumulated depreciation		-		(11,440,625)
Net Value		-		148,539,375

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

Year ending December 31,	RMB
Year ended December 31,
2017		61,379,772
2018		39,341,865
2019		5,033,868
Total minimum lease payments		105,755,505
Less: Amount representing interest		(2,186,207)
Present value of net minimum lease payments		103,569,298
Current portion		59,553,667
Non-current portion		44,015,631