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Income Tax Expenses (Tables)
12 Months Ended
Dec. 31, 2013
Income Tax Expenses  
Summary of income tax expenses

 

 

Year Ended December 31,

 

 

 

2011

 

2012

 

2013

 

2013

 

 

 

(RMB)

 

(RMB)

 

(RMB)

 

($)

 

Current

 

105,194,680

 

62,717,151

 

27,150,033

 

4,453,088

 

Deferred

 

 

 

 

 

Income tax expenses

 

105,194,680

 

62,717,151

 

27,150,033

 

4,453,088

 

Schedule of principal components of the deferred income tax assets

 

 

As of December 31,

 

 

 

2012

 

2013

 

2013

 

 

 

(RMB)

 

(RMB)

 

($)

 

Non-current deferred tax assets:

 

 

 

 

 

 

 

Change in fair value of available-for-sale securities

 

 

248,712

 

40,793

 

 

 

 

 

 

 

 

 

Valuation allowances

 

 

 

 

Net non-current deferred income tax assets

 

 

248,712

 

40,793

 

Schedule of reconciliation between total income tax expenses and the amount computed by applying the statutory income tax rate to income before income tax expenses

 

 

Year Ended December 31,

 

 

 

2011

 

2012

 

2013

 

Statutory rate

 

25.00

%

25.00

%

25.00

%

Expenses not deductible

 

0.15

%

 

0.45

%

Effective tax rate

 

25.15

%

25.00

%

25.45

%