Intangible Assets, Net (Production license)

12 Months Ended

Dec. 31, 2013

Production license

11. Intangible Assets, Net

Intangible assets consisted of the following:

	As of December 31,
	2012		2013		2013
	(RMB)		(RMB)		($)
Production license	28,779,986		28,779,986		4,720,429
Accumulated amortization	(15,304,972	)	(19,131,215	)	(3,137,859	)
Total intangible assets, net	13,475,014		9,648,771		1,582,570

The amortization expenses for the years ended December 31, 2011, 2012 and 2013 were RMB3,826,243, RMB3,826,243 and RMB3,826,243 ($627,572), respectively. No provision for impairment loss has been charged for the years ended December 31, 2011, 2012 and 2013.

Future amortization of intangible assets is as follows:

Years Ending December 31,		(RMB) Amount
2014		3,826,243
2015		3,826,243
2016		1,996,285
Total		9,648,771