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Inventories

12 Months Ended

Dec. 31, 2012

5. Inventories

Inventories consisted of the following:

	December 31,
	2011		2012		2012
	(RMB)		(RMB)		($)
Raw materials		64,898,313		100,328,496		15,961,896
Work-in-process		815,487		4,374,403		695,951
Finished goods		20,492,020		33,577,981		5,342,134
Total inventories		86,205,820		138,280,880		21,999,981

The Company did not have any inventory reserve as of December 31, 2011 and 2012. As of December 31, 2011 and 2012, certain raw materials with an aggregate carrying value of RMB35,389,200 and RMB51,516,000 ($8,196,007), respectively, were pledged as collateral for bank loans.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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