ADVANCES TO SUPPLIERS, NET - THIRD PARTIES

12 Months Ended

Dec. 31, 2018

ADVANCES TO SUPPLIERS, NET - THIRD PARTY [Abstract]

ADVANCES TO SUPPLIERS, NET - THIRD PARTY

12. ADVANCES TO SUPPLIERS, NET – THIRD PARTIES

	As of December 31,
	2017			2018
	RMB			RMB
Advances to suppliers - current		404,600,994			672,745,598
Provision for advances to suppliers		(7,524,746	)		(7,524,746	)
Advances to suppliers, net		397,076,248			665,220,852

The Company recorded provisions of RMB799,889, nil and nil against advances with other suppliers for the years ended December 31, 2016, 2017 and 2018, respectively.

As of December 31, 2017 and 2018, 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.