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Our revenue from the sale of electricity generated by our solar energy projects increased considerably from RMB76.7 million in 2013 to RMB243.eight million (US$39.3 million) in 2014, primarily due to an increase in our solar energy tasks in operation. We might recognize impairment of long-lived property in the event the web guide value of such assets exceeds the long run undiscounted money flows attributable to those assets. The impairment of long-lived assets associated to the retirement of sure equipment within the wafer and cell production line that had turn into obsolete have been RMB65.5 million, RMB3.6 million and RMB6.2 million (US$1.zero million) in 2012, 2013 and 2014, respectively. Project belongings represented the prices of solar power plants held for era of electricity revenue and solar energy plants under construction. Project assets are said in the consolidated steadiness sheets at cost less amassed depreciation and impairment provision, if an Our revenues elevated by 47.6% from RMB4,794.8 million in 2012 to RMB7,078.8 million in 2013, primarily because of the vital improve in sales volume of our solar modules, which was partially offset by a decrease in gross sales quantity for our silicon wafers, photo voltaic system integration providers, processing companies and a lower in average promoting worth.
