XML 108 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9
SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2014
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION

19. 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 3). Therefore, only two segments remained in 2013 and 2014, and the segment information in prior years was restated to be consistent with the current year reportable segments. Furthermore, the Group's chief operating decision maker is not provided with asset information by segment. As such, no asset information by segment is presented. The following tables summarized the Group'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 summarizes the Group's revenue by segment:

 

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 of revenue     110,243,043       20,114,680       (6,067,339 )     124,290,384  
Gross loss   $ (30,724,897 )   $ (6,707,086 )   $ —     $ (37,431,983 )

 

Year ended December 31, 2013 Polysilicon     Wafer     Elimination     Total  
Revenue - External   $ 76,721,105     $ 32,278,700     $ -     $ 108,999,805  
Revenue - Intersegment     13,195,838       -       (13,195,838 )     -  
Total revenue     89,916,943       32,278,700       (13,195,838 )     108,999,805  
Total Cost of revenue     98,684,325       49,614,921       (13,195,838 )     135,103,408  
Gross loss   $ (8,767,382 )   $ (17,336,221 )   $ -     $ (26,103,603 )

 

Year ended December 31, 2014 Polysilicon     Wafer     Elimination     Total  
Revenue – External   $ 127,692,325     $ 54,879,527     $ -     $ 182,571,852  
Revenue - Intersegment     29,424,883       -       (29,424,883 )     -  
Total Revenue     157,117,208       54,879,527       (29,424,883 )     182,571,852  
Total Cost of revenue     119,703,550       47,861,811       (28,256,850 )     139,308,511  
Gross Profit   $ 37,413,658
  $ 7,017,716
  $ (1,168,033 )    $ 43,263,341

 

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

 

  Year ended December 31,  
  2012     2013     2014  
Customer I   $ 21,749,284     $ *     $ *  
Customer J   $ *     $ 19,644,488     $ 23,882,302  
Customer C   $ *     $ *     $ 18,210,196  
Customer K   $ *     $ 13,471,873     $ *  

 

 
*  
Represents less than 10%