ADVANCES TO SUPPLIERS, NET - THIRD PARTIES

6 Months Ended

Jun. 30, 2017

ADVANCES TO SUPPLIERS, NET - THIRD PARTY [Abstract]

ADVANCES TO SUPPLIERS, NET - THIRD PARTY

10. ADVANCES TO SUPPLIERS, NET – THIRD PARTIES

	2016		2017
	December 31		June 30
	RMB		RMB
Advances to suppliers - current		333,291,005		438,624,365
Provision for advances to suppliers		(7,524,746)		(7,524,746)
Advances to suppliers, net		325,766,259		431,099,619

No provision was recorded for the six months ended June 30, 2016 and 2017.

As of December 31, 2016 and June 30, 2017, 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.