The students - from Dalian, Liaoning province, northern China - had to flee when the fire broke out in a storage warehouse beside their dormitory during the event.
Graduation snaps taken on the day show the smiling students grinning as what looks like their college goes up in smoke behind them.
Angry college officials later uploaded pictures onto the college website showing students tackling the blaze with super-soakers. "They show the true spirit of the college. Our students shouldn't be celebrating destruction," explained one.
