Investments in Privately Held Companies (Tables)

9 Months Ended

Sep. 30, 2016

Investments in Privately Held Companies

Investments

The investments are summarized below (in thousands):

	Investment Balance as of
	September 30,		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.	$	1,534	$	1,524	Equity	46	%
Xilingol Tongli Germanium Co. Ltd.		4,421		5,343	Equity	25	%
Emeishan Jia Mei High Purity Metals Co., Ltd.		1,070		1,081	Equity	25	%
	$	7,025	$	7,948

Summarized equity method income information

AXT’s three direct minority investment entities and the three minority investments of JiYa and the one minority investment of Jin Mei are not consolidated and are accounted for under the equity method and had the following summarized income information (in thousands) for the three and nine months ended September 30, 2016 and 2015.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Net revenue	$	7,196	$	9,631	$	18,472	$	29,960
Gross (loss) profit	$	(1,510)	$	2,324	$	(2,089)	$	8,244
Operating (loss) income	$	(2,449)	$	829	$	(5,309)	$	4,172
Net (loss) income	$	(2,416)	$	805	$	(5,834)	$	3,546