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INVENTORIES

12 Months Ended

Dec. 31, 2014

5. INVENTORIES

Inventories consist of the following:

	At December 31, 2013		At December 31, 2014
	$		$
Raw materials		52,610,348		95,223,795
Work-in-process		25,181,639		33,207,222
Finished goods		153,365,824		303,894,102

		231,157,811		432,325,119

In 2012, 2013 and 2014, inventory was written down by $3,085,529, $714,558 and $16,950,524, respectively, to reflect the lower of cost or market measurement.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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