DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

Results of the discontinued operations

	For the six months ended June 30,
	2016
	RMB
Revenues		473,987,733
Cost of revenues		(209,216,741)
Gross Profit		264,770,992
Operating expenses
General and administrative		(83,914,768)
Total operating expenses		(83,914,768)
Income from operations		180,856,224
Interest expenses, net		(96,155,824)
Exchange loss		(19,470,917)
Change in fair value of forward contracts		(7,889,742)
Other income/(expenses), net		(67,462)
Subsidy income		86,714
Equity income in affiliated companies		5,099,762
Income from discontinued operations before income taxes		62,458,755
Income tax expense, net		(615,444)
Income from discontinued operations, net of tax		61,843,311

	For the six months ended June 30,
	2016
	RMB
Cash flows generated from/(used in ) discontinued operations
Net cash used in operating activities		(481,871,113)
Net cash used in investing activities		(951,180,837)
Net cash provided by financing activities		1,315,767,243
Net increase in cash and cash equivalent		(117,284,707)