SEGMENT REPORTING

12 Months Ended

Dec. 31, 2016

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

19. SEGMENT REPORTING

The Company operates in three principal reportable business segments: Wafer, Cell and module, and Solar power projects. The Wafer segment involves the manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services. The Cell and module segment involves manufacture and sale of PV cells and modules, and service revenue from tolling arrangements. The solar power projects segment is a newly formed segment in year 2015 which involves solar power project development, EPC services and electricity revenue generation. Ancillary revenues and expenses and other unallocated costs and expenses are recorded in Other. Prior to 2015, electricity revenue generation was reported as "Other". The transactions between reportable segments relate to supplier contracts for the sales of wafers and modules. Prior year comparable information has been updated to reflect the new reportable segments.

The chief operating decision maker is the chief executive officer of the Company.

The Company only reports the segment information of net sales and gross profit, to conform to the information the chief operating decision maker receives to assess the financial performance and allocate resources. There are no differences between the measurements of the Company's reportable segment's gross profit and the Company's consolidated gross profit, as the Company uses the same profit measurement for all of the reportable segments and the consolidated entity. Furthermore, the Company's chief operating decision maker is not provided with asset information by segment. As such, no asset information by segment is presented.

The  following table summarizes the Company’s revenues generated from each segment:

	Year ended December 31, 2014
	Wafer		Cell and module		Solar power projects		Other		Elimination		Total
Net sales	$	1,416,614,234	$	1,311,867,301	$	8,740,222	$	695,750	$	(1,176,420,479)	$	1,561,497,028
Gross profit	$	71,483,745	$	134,289,199	$	3,901,264	$	36,679	$	(427,602)	$	209,283,285

	Year ended December 31, 2015
	Wafer		Cell and module		Solar power projects		Other		Elimination		Total
Net sales	$	1,032,418,596	$	1,024,331,572	$	116,289,676	$	1,044,975	$	(892,053,374)	$	1,282,031,446
Gross profit	$	62,884,189	$	88,563,261	$	22,007,895	$	600,087	$	13,818,412	$	187,873,844

	Year ended December 31, 2016
	Wafer		Cell and module		Solar power projects		Other		Elimination		Total
Net sales		1,018,667,813		712,503,016		85,955,337		45,708,768		(932,998,645)		929,836,289
Gross profit		79,317,633		37,515,810		7,482,057		6,200,915		(21,020,333)		109,496,082

The following table summarizes the Company’s revenues generated from each product:

	Years ended December 31,
	2014		2015		2016
Solar modules	$	1,309,008,400	$	920,271,824	$	547,316,223
Solar wafers		182,513,034		163,700,069		223,606,146
Solar power project		-		110,737,934		83,107,906
Other materials		40,975,806		61,932,953		48,800,671
Solar cells		12,422,486		8,266,709		5,873,645
Electricity		8,740,222		5,649,282		2,847,431
Service revenue from tolling arrangement		7,837,080		11,472,675		18,284,267
Total	$	1,561,497,028	$	1,282,031,446	$	929,836,289

The following table summarizes the Company’s revenues generated by the geographic location of customers:

	Years ended December 31,
	2014		2015		2016
Mainland China	$	227,182,419	$	264,803,111	$	452,572,919
Taiwan		43,696,851		34,710,699		41,390,952
Australia		58,621,500		26,445,835		9,004,912
Singapore		10,506,110		23,478,282		28,060,571
Korea		21,120,646		8,765,334		7,342,063
India		51,256,611		135,768,107		117,189,159
Hong Kong		63,899		61,240		400,031
Thailand		-		7,767,452		3,121,450
Japan		369,369,451		298,855,541		80,639,530
Asia Pacific Total	$	781,817,487	$	800,655,601	$	739,721,587
Germany		147,261,159		53,603,098		3,612,885
Greece		310,076		103,193		-
Belgium		1,164,431		18,252,371		-
America		170,717,859		50,176,517		23,507,186
Italy		5,781,328		4,013,709		944,844
France		89,635,307		3,529,467		2,882,919
Spain		39,246,414		202,527		-
Czech Republic		2,628,333		4,861,462		-
England		224,990,352		242,425,493		81,761,719
Netherlands		3,234,732		4,706,979		-
South Africa		13,912,446		17,068,687		5,769,575
Others		80,797,104		82,432,342		71,635,574
Total	$	1,561,497,028	$	1,282,031,446	$	929,836,289

Substantially all of the Company’s long-lived assets are located in Mainland China.

There is no customer that contributed more than 10% of net sales for years ended December 31, 2014. Sales to one customer constitute approximately 11% of the total net sales for years ended December 31, 2015. As for year ended December 31, 2016, there is no customer that contributed more than 10% of net sales.