Investments in Privately Held Companies (Tables)

3 Months Ended

Mar. 31, 2016

Investments in Privately Held Companies

Investments

The investments are summarized below (in thousands):

	Investment Balance as of
	March 31,		December 31,		Accounting	Ownership
Company	2016		2015		Method	Percentage
Beijing JiYa Semiconductor Material Co., Ltd.	$	3,331	$	3,331	Consolidated	46	%
Nanjing Jin Mei Gallium Co., Ltd.		592		592	Consolidated	83	%
Beijing BoYu Semiconductor Vessel Craftwork Technology Co., Ltd.		1,346		1,346	Consolidated	70	%
	$	5,269	$	5,269
Donghai County Dongfang High Purity Electronic Materials Co., Ltd.	$	1,524	$	1,524	Equity	46	%
Xilingol Tongli Germanium Co. Ltd.		5,154		5,343	Equity	25	%
Emeishan Jia Mei High Purity Metals Co., Ltd.		1,048		1,081	Equity	25	%
	$	7,726	$	7,948

Summarized income information

AXT’s three direct minority investment entities and the three minority investments of Jiya and the one minority investment of Jinmei are not consolidated and are accounted for under the equity method and had the following summarized income information (in thousands) for the three months ended March 31, 2016 and 2015.

	Three Months Ended
	March 31,
	2016		2015
Net revenue	$	3,516	$	9,325
Gross profit	$	50	$	2,295
Operating (loss) income	$	(1,184)	$	1,051
Net (loss) income	$	(1,774)	$	957