LONG-TERM PAYABLES (Tables)

12 Months Ended

Dec. 31, 2017

Leases [Abstract]

Schedule of Capital Leased Assets

	As of December 31,
	2016		2017
	RMB		RMB
Equipment		159,980,000		824,892,821
Less: accumulated depreciation		(11,440,625)		(44,196,469)
Net Value		148,539,375		780,696,352

Schedule of Future Minimum Lease Payments for Capital Leases

Year ending December 31,	RMB
Year ended December 31,
2018		253,950,938
2019		253,950,938
2020		192,004,684
2021		124,790,399
Total minimum lease payments		824,696,959
Less: Amount representing interest		(58,828,954)
Present value of net minimum lease payments		765,868,005
Current portion		227,457,961
Non-current portion		538,410,044