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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2011
SEGMENT INFORMATION

18. SEGMENT INFORMATION

 

The Group’s chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. Following the further expansion of module business and entering into the wafer business in 2011, the Group operated and viewed its performance in three segments, the following tables summarized the Company’s revenue and cost generated from different revenue streams. The prior year segment information has been restated to be consistent with the current year reportable segments. Substantially all of its revenues are derived in the PRC. The Group’s long-lived assets and operations are substantially all located in the PRC.

 

The following table summarized the Group’s revenue by segment:

 

Year ended December 31, 2009

    Polysilicon      Module     Wafer     Elimination     Total  

Revenue - External

    $ 111,193,477       $ —      $ —      $ —      $ 111,193,477   

Cost

      69,251,610         —        —        —        69,251,610   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Gross profit

    $ 41,941,867       $ —      $ —      $ —      $ 41,941,867   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Year ended December 31, 2010

    Polysilicon      Module     Wafer     Elimination     Total  

Revenue - External

    $ 217,921,352       $ 13,983,833      $ 10,780,339      $ —      $ 242,685,524   

Revenue - Intersegment

      —         —        24,113,136        (24,113,136 )      —   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Total revenue

      217,921,352         13,983,833        34,893,475        (24,113,136 )      242,685,524   

Cost

      113,910,595         14,330,881        27,546,044        (19,303,593 )      136,483,927   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Gross profit (loss)

    $ 104,010,757       $ (347,048 )    $ 7,347,431      $ (4,809,543 )    $ 106,201,597   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Year ended December 31, 2011

    Polysilicon      Module     Wafer     Elimination     Total  

Revenue - External

    $ 218,915,487       $ 29,082,384      $ 7,834,147      $        $ 255,832,018   

Revenue - Intersegment

      3,629,075         —        3,487,443        (7,116,518 )      —   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Total revenue

      222,544,562         29,082,384        11,321,590        (7,116,518 )      255,832,018   

Total Cost

      127,894,535         31,099,348        17,548,029        (6,818,938 )      169,722,974   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Gross profit (loss)

    $ 94,650,027       $ (2,016,964 )    $ (6,226,439 )    $ (297,580 )    $ 86,109,044   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

 

The following customers accounted for 10% or more of revenues:

 

     Year ended December 31,  
     2009     2010     2011  

Customer A

    $ 31,431,284      $ 33,763,866      $ 28,219,079   

Customer I

    $ 14,754,184      $ —      $ —   

Customer K

    $ 13,413,152     $ —      $   * 

Customer D

    $   *    $ 30,273,322      $ 27,214,590   

Customer F

    $   *    $   *    $ 33,140,475   

Customer C

    $ —      $   *    $ 28,570,338   

 

*   Represents less than 10%