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Other Receivables (Tables)
12 Months Ended
Dec. 31, 2014
Other Receivables  
Schedule of other receivables

 

 

 

As of December 31,

 

 

 

2013

 

2014

 

2014

 

 

 

(RMB)

 

(RMB)

 

($)

 

VAT recoverable (note (i))

 

47,504,624 

 

64,888,300 

 

10,604,396 

 

Deposit for loan guarantee

 

7,500,000 

 

5,400,000 

 

882,497 

 

Others

 

3,505,541 

 

3,304,917 

 

540,108 

 

Total other receivables

 

58,510,165 

 

73,593,217 

 

12,027,001 

 

 


Note (i):As of December 31, 2013 and 2014, VAT recoverable mainly consisted of input VAT paid for purchase of corns but not yet validated by the PRC Taxing Authority of RMB 40,761,846 and RMB57,950,944 ($9,470,656), respectively.