PROJECT ASSETS, NET

12 Months Ended

Dec. 31, 2017

PROJECT ASSETS [Abstract]

PROJECT ASSETS, NET

16. PROJECT ASSETS, NET

Project assets represent the overseas solar projects operated by the Company after the disposition of downstream solar projects. In the year ended December 31,2016, the Company obtained two small solar projects in Italy as the settlement of the accounts receivables. In addition, the Company commenced developing solar power projects overseas, which are still under construction. Project assets and related accumulated depreciation are as follows:

	As of December 31,
	2016		2017
	RMB		RMB
Completed		30,188,445		32,505,243
Under construction		31,935,354		451,381,193
Less: Accumulated depreciation		(7,060,303)		(10,155,212)
Project Assets, net		55,063,496		473,731,224