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RELATED PARTY TRANSACTIONS AND BALANCES (Tables)
12 Months Ended
Dec. 31, 2016
RELATED PARTY TRANSACTIONS AND BALANCES [Abstract]  
Schedule of related party balances
 
 
As of December 31,
 
 
 
2015
 
2016
 
 
 
RMB
 
RMB
 
Accounts receivable from related parties:
 
 
 
 
 
 
 
Accounts receivable due from Gausu Jintai Electronic Power Company Ltd.("Gansu Jintai")*
 
 
60,973,795
 
 
-
 
Accounts receivable from Gansu Heihe Hydropower Industrial Investment LLC. (" Gansu Heihe", in which the Group owns 9% equity interests)
 
 
-
 
 
44,616
 
Accounts receivable from Jiangxi Jinko Engineering for sales of solar modules
 
 
-
 
 
1,414,039,443
 
 
 
 
 
 
 
 
 
Advances to related parties
 
 
 
 
 
 
 
Advances to ReneSola Ltd.
 
 
1,021,128
 
 
661,788
 
 
 
 
 
 
 
 
 
Notes receivables from related parties:
 
 
 
 
 
 
 
Notes receivables from Jiangxi Jinko Engineering for sales of solar modules
 
 
-
 
 
610,200,000
 
 
 
 
 
 
 
 
 
Other receivables from related parties:
 
 
 
 
 
 
 
Advances of travel and other business expenses to executive directors who are also shareholders
 
 
-
 
 
68,106
 
Other receivables from Jiangxi Jinko Engineering for miscellaneous transactions
 
 
-
 
 
16,704,113
 
Other receivables from Jiangxi Jinko Engineering for provision of guarantee
 
 
-
 
 
62,352,655
 
 
 
 
 
 
 
 
 
Other assets from related parties:
 
 
 
 
 
 
 
Other assets from Jiangxi Jinko Engineering for provision of guarantee
 
 
-
 
 
173,375,586
 
 
 
 
 
 
 
 
 
Total
 
 
61,994,923
 
 
2,277,446,307
 
 
 
 
 
 
 
 
 
Accounts payable due to a related party:
 
 
 
 
 
 
 
Accounts payable due to a subsidiary of ReneSola
 
 
12,544
 
 
-
 
Accounts payable due to Jiangxi Desun Energy Co., Ltd. (Desun, an entity in which the Shareholders, each holds more than 10%, and collectively hold 73%, of the equity interest)
 
 
1,465,985
 
 
-
 
 
 
 
 
 
 
 
 
Advances from related parties
 
 
 
 
 
 
 
Advances from Jiangxi Jinko Engineering for sales of solar modules
 
 
-
 
 
60,541,490
 
 
 
 
 
 
 
 
 
Other payables due to a related party:
 
 
 
 
 
 
 
Other payables to Desun for leasing of land and buildings
 
 
4,969,104
 
 
7,528,551
 
Payable of travel reimbursement
 
 
23,871
 
 
-
 
Other payables due to Jiangxi Jinko Engineering for payments on behalf of the Company
 
 
-
 
 
68,505,022
 
 
 
 
 
 
 
 
 
Total
 
 
6,471,504
 
 
136,575,063
 
 
 
 
 
 
 
 
 
Borrowings due to subsidiaries of China Development Bank**
 
 
2,156,500,000
 
 
-
 
 
 
 
 
 
 
 
 
Accrued interest due to subsidiaries of China Development Bank**
 
 
3,252,783
 
 
-
 
 
*Gansu Jintai is an affiliated company in which Jiangxi Jinko Engineering owns 28% equity interest after the disposition of the Group’s downstream solar projects business, and it is no longer of the Group’s related party.
 
** In connection with the issuance of preferred shares by JinkoSolar Power in July 2014, China Development Bank, through its subsidiary, holds 21% equity interests of JinkoSolar Power on an as-if-converted basis. The above borrowings represent borrowings from subsidiaries of China Development Bank. After the disposition of the Group’s downstream solar projects business, China Development Bank is no longer of the Group’s related party.
 
(1)
Advances of travelling and other business expenses to executive directors who are also shareholders represent the amounts the Company advanced to them for expected expenses, charges and incidentals relating to their business development activities.
 
(2)
Balances due to related parties are interest-free, not collateralized, and have no definitive repayment terms.