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SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2014

SEGMENT INFORMATION

SEGMENT INFORMATION

20. SEGMENT INFORMATION

           The Company uses the management approach to determine operating segments. The management approach considers the internal organization and reporting used by the Company's chief operating decision maker for making decisions, allocating resources and assessing performance. The Group's chief operating decision maker ("CODM") has been identified as the Chief Executive Officer of the Company, who reviews consolidated and segment results when making decisions about allocating resources and assessing performance of the Company.

           The Company operates its business in two principal reportable business segments, i.e., module segment and energy segment. The module segment primarily involves design, development, manufacture and sales of solar power products and solar system kits. The energy segment involves solar power project development, EPC services, O&M services and electricity revenue generation. The sales from module segment to energy segment have terms and conditions similar to sales to third parties. The Company's CODM reviews net revenue and gross profit and does not review balance sheet information by segment.

           The following table summarizes the Company's revenues and gross profit generated from each segment:

Years Ended December 31, 2014

Module Segment

Energy Segment

Elimination

Total

$

$

$

$

Net revenues

2,034,625,620

1,212,898,642

(286,897,652

)

2,960,626,610

Cost of revenues

1,721,474,395

931,761,029

(273,602,190

)

2,379,633,234

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Gross profit

313,151,225

281,137,613

(13,295,462

)

580,993,376

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Years Ended December 31, 2013

Module Segment

Energy Segment

Elimination

Total

$

$

$

$

Net revenues

1,483,751,544

324,253,896

(153,649,376

)

1,654,356,064

Cost of revenues

1,298,949,247

233,722,515

(154,010,669

)

1,378,661,093

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Gross profit

184,802,297

90,531,381

361,293

275,694,971

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Years Ended December 31, 2012

Module Segment

Energy Segment

Elimination

Total

$

$

$

$

Net revenues

1,374,922,213

56,356,803

(136,449,603

)

1,294,829,413

Cost of revenues

1,289,104,683

43,041,635

(127,678,335

)

1,204,467,983

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Gross profit

85,817,530

13,315,168

(8,771,268

)

90,361,430

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           The following table summarizes the Company's net revenues generated from different geographic locations. The information presented below is based on the location of customer's headquarters:

		Years Ended December 31,
		2012			2013			2014
		$			$			$
Europe:
—Germany			422,038,906			72,186,472			137,011,822
—United Kingdom			28,266,410			32,901,446			59,878,185
—France			18,726,891			26,405,640			9,990,167
—Netherlands			21,998,224			12,881,805			9,166,320
—Spain			71,982,482			16,135,229			1,124,816
—Others			93,446,815			19,826,057			23,086,978
​	​	​	​	​	​	​	​	​	​	​
			656,459,728			180,336,649			240,258,288
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The Americas:
—Canada			86,327,618			371,840,958			1,182,091,018
—United States			254,096,258			215,262,233			604,537,140
—Others			1,828,736			1,175,485			8,861,773
​	​	​	​	​	​	​	​	​	​	​
			342,252,612			588,278,676			1,795,489,931
​	​	​	​	​	​	​	​	​	​	​
Asia and other regions:
—Japan			120,248,386			483,787,914			623,691,469
—PRC			89,120,632			199,663,742			163,657,880
—India			22,523,243			68,731,110			63,816,728
—Singapore			969,796			36,743,424			18,021,083
—Others			63,255,016			96,814,549			55,691,231
​	​	​	​	​	​	​	​	​	​	​
			296,117,073			885,740,739			924,878,391
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Total net revenues			1,294,829,413			1,654,356,064			2,960,626,610
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           The following table summarizes the Company's long-lived assets, including property, plant and equipment and project assets at December 31, 2013 and 2014 by geographic region, based on the physical location of the assets:

		At December 31, 2013			At December 31, 2014
		$			$
PRC			441,711,646			438,640,711
Canada			115,404,304			29,152,090
Others			11,324,825			70,839,155
​	​	​	​	​	​	​	​
Total long-lived assets			568,440,775			538,631,956
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           The following table summarizes the Company's revenues generated from each product or service:

		Years Ended December 31,
		2012			2013			2014
		$			$			$
Solar power products			1,132,767,404			1,143,246,845			1,550,386,288
Solar system kits			92,624,999			149,767,825			104,214,589
Solar power projects			55,050,856			292,024,142			891,919,632
EPC services			658,927			29,878,653			316,571,793
Electricity			117,938			1,326,761			2,863,053
O&M services			529,082			1,024,340			1,544,164
Others			13,080,207			37,087,498			93,127,091
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Total net revenues			1,294,829,413			1,654,356,064			2,960,626,610
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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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