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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2016
INCOME TAXES |
Schedule of income tax expense/ (benefit) |
|  | December 31, 2014 |  | December 31, 2015 |  | December 31, 2016 |
|  | RMB |  | RMB |  | RMB |
Current tax |  | 30 |  | 304,383 |  | 246,591 |
Deferred tax |  | — |  | (175,862 | ) | (260,540 | )
Total |  | 30 |  | 128,521 |  | (13,949 | )
Schedule of reconciliation between the income tax at PRC statutory tax rate and income tax expense |
|  | Year ended December 31, 2014 |  | Year ended December 31, 2015 |  | Year ended December 31, 2016 |
|  | RMB |  | RMB |  | RMB |
(Loss)/income before provision for income taxes |  | (27,678 | ) | 403,860 |  | 1,102,449 |
Statutory tax rate in the PRC |  | 25 | % | 25 | % | 25 | %
Income tax at statutory tax rate |  | (6,919 | ) | 100,965 |  | 275,612 |
Non-deductible expenses |  | 101 |  | 32,791 |  | 2,101 |
Research and Development Tax Credit |  | — |  | (5,309 | ) | — |
Effect of tax holiday and preferential tax rate |  | — |  | — |  | (265,545 | )
Effect of tax losses not recognized |  | 6,848 |  | — |  | 165 |
Adjustment on current income tax of the previous periods (i) |  | — |  | — |  | (33,633 | )
Effect of different tax rates of subsidiaries operating in other jurisdictions |  | — |  | 74 |  | 7,351 |
Income tax expense/ (benefit) |  | 30 |  | 128,521 |  | (13,949 | )
Schedule of aggregate amount and per share effect of the tax holiday and preferential tax rate |
|  | Year ended December 31, 2014 |  | Year ended December 31, 2015 |  | Year ended December 31, 2016 |
|  | RMB |  | RMB |  | RMB |
The aggregate amount of tax holiday and preferential tax rate |  | — |  | — |  | 265,545 |
The aggregate effect on basic and diluted net income per share: |  |  |  |  |  |  |
- Basic |  | — |  | — |  | 2.2458 |
- Diluted |  | — |  | — |  | 2.2326 |
| (i) | Adjustment on current income tax of the previous periods represented the adjustment according to final annual income tax filing of 2015 with the PRC tax authorities.
Schedule of deferred tax assets |
|  | December 31, 2015 |  | December 31, 2016 |
|  | RMB |  | RMB |
Liabilities from quality assurance program |  | 136,583 |  | 367,750 |
Deferred revenue |  | 29,371 |  | 41,079 |
Accrued expenses |  | 9,908 |  | 13,478 |
Security Deposit for trust arrangements |  | — |  | 8,961 |
Others |  | — |  | 5,134 |
Total |  | 175,862 |  | 436,402 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of the income tax holiday and preferential tax rates which have been granted by taxing authorities for a specified period, applicable term of the exemptions and reductions, estimated dollar value of tax benefits, and per share benefits. + References No definition available. + Details
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