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SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2012
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION

20. 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. However, on September 28, 2012, the module business was disposed (see Note 4). Therefore, only two segments in 2012 and the segment information in prior years were restated to be consistent with the current year reportable segments. The following tables summarized the Company's revenue and cost generated from different revenue streams. 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, 2010

   Polysilicon     Wafer     Elimination     Total  

Revenue - External

   $ 217,921,352      $ 34,893,475      $ -        $ 252,814,827   

Revenue - Intersegment

     -          -          -          -     
    

 

 

   

 

 

   

 

 

   

 

 

 

Total revenue

     217,921,352        34,893,475        -          252,814,827   

Total cost

     113,910,595        30,740,789        -          144,651,384   
    

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit (loss)

   $ 104,010,757      $ 4,152,686      $ -        $ 108,163,443   
    

 

 

   

 

 

   

 

 

   

 

 

 
         

Year ended December 31, 2011

   Polysilicon     Wafer     Elimination     Total  

Revenue - External

   $ 218,915,487      $ 13,254,092      $        $ 232,169,579   

Revenue - Intersegment

     1,696,573               
(1,696,573

       
    

 

 

   

 

 

   

 

 

   

 

 

 

Total revenue

     220,612,060        13,254,092        (1,696,573     232,169,579   

Total cost

     125,962,033        20,680,565        (1,696,573     144,946,025   
    

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit (loss)

   $ 94,650,027      $ (7,426,473   $ -        $ 87,223,554   
    

 

 

   

 

 

   

 

 

   

 

 

 
         

Year ended December 31, 2012

   Polysilicon     Wafer     Elimination     Total  

Revenue - External

   $ 73,450,807      $ 13,407,594      $        $ 86,858,401   

Revenue - Intersegment

     6,067,339        -          (6,067,339     -     
    

 

 

   

 

 

   

 

 

   

 

 

 

Total revenue

     79,518,146        13,407,594        (6,067,339     86,858,401   

Total cost

     110,243,043        20,114,680        (6,067,339     124,290,384   
    

 

 

   

 

 

   

 

 

   

 

 

 

Gross loss

   $ (30,724,897   $ (6,707,086   $ -        $ (37,431,983
    

 

 

   

 

 

   

 

 

   

 

 

 

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

 

                         
     Year ended December 31,  
     2010      2011      2012  

Customer A

   $ 33,763,866       $ 28,219,079       $ 21,749,284   

Customer B

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

Customer D

   $ *      $ 33,140,475       $ *   

Customer G

   $ *      $ 28,570,338       $ *   

 

* Represents less than 10%