Intangible Assets, Net (Production license)

12 Months Ended

Dec. 31, 2014

Production license

Intangible assets, net

Intangible Assets, Net

11.Intangible Assets, Net

Intangible assets consisted of the following:

	As of December 31,
	2013		2014		2014
	(RMB)		(RMB)		($)
Production license at cost	28,779,986		28,779,986		4,703,381
Accumulated amortization	(19,131,215	)	(22,957,458	)	(3,751,832	)
Total intangible assets, net	9,648,771		5,822,528		951,549

The amortization expenses for the years ended December 31, 2012, 2013 and 2014 were RMB3,826,243, RMB3,826,243 and RMB 3,826,243 ($625,305), respectively. No provision for impairment loss has been charged for the years ended December 31, 2012, 2013 and 2014.

Future amortization of intangible assets is as follows:

Years Ending December 31,	(RMB) Amount
2015	3,826,243
2016	1,996,285
Total	5,822,528