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As of 4:55 AM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

highpower international inc (HKN) Snapshot

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04/2/14 - €5.03
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highpower international inc (HKN) Details

Highpower International, Inc. manufactures and trades nickel metal hydride rechargeable batteries for portable electronic devices. It produces consumer batteries in A, AA, and AAA sizes in blister packing, as well as chargers and battery packs; and industrial batteries, which are designed for electric bikes, power tools, and electric toys. The company also manufactures lithium-ion and lithium polymer rechargeable batteries for applications in laptops, digital cameras, and wireless communication products. In addition, it recycles scrap battery materials and resells the recycled materials. Highpower International, Inc. sells its rechargeable batteries and charging systems to original equipment manufacturers through a network of distributors and resellers worldwide. The company was formerly known as Hong Kong Highpower Technology, Inc. and changed its name to Highpower International, Inc. in October 2010. Highpower International, Inc. was founded in 2001 and is headquartered in Shenzhen, the People’s Republic of China.

3,800 Employees
Last Reported Date: 03/31/14
Founded in 2001

highpower international inc (HKN) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $117.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $110.5K
Chief Technology Officer, Vice President and ...
Total Annual Compensation: $103.0K
Compensation as of Fiscal Year 2013.

highpower international inc (HKN) Key Developments

Highpower International Completes Delivery of its First Trial Order from Costco for Rechargeable Batteries for Solar Lighting

Highpower International, Inc. announced that the company has delivered two containers of its Ni-MH rechargeable batteries to Costco as an initial trial order that will be used as power sources for general solar light products. Highpower manufactured the products for one of its branded customers with specific power requirements to power a wide variety of solar light products. The initial order is expected to be sold from Costco to customers directly. Highpower's nickel-metal hydride rechargeable batteries are ideal replacements for the traditional nickel-cadmium rechargeable batteries in the solar lighting market because cadmium is a toxic heavy metal and is known to be damaging to the environment.

Highpower International, Inc. Presents at Ardour Capital Investments Energy Technology & Sustainability Conference, Jun-05-2014 01:00 PM

Highpower International, Inc. Presents at Ardour Capital Investments Energy Technology & Sustainability Conference, Jun-05-2014 01:00 PM. Venue: Latham & Watkins LLP, 885 Third Avenue, New York, NY 10022-4834, United States.

Highpower International, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Reaffirms Earnings Guidance for the Year 2014

Highpower International, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales of $29,160,314, a year-over-year increase of 19.5% compared with $24,399,372 for the first quarter ended March 31, 2013. The increase in sales for the first quarter was primarily due to an increase in net sales of the company’s lithium batteries and a $0.4 million increase in net sales of the company’s Ni-MH batteries. Net loss attributable to the company was $935,149, or $0.07 per diluted share against net loss attributable to the company of $608,880 or $0.04 per diluted share a year ago. The increase in net loss attributable to the company is primarily attributable to the $0.4 million increase in non-cash share-based compensation expense between periods, and the $0.7 million increase in R&D spending on future products. Loss from operations was $1,024,135 against $470,080 a year ago. Loss before taxes was $1,078,096 against $590,197 a year ago. Net cash flows provided by operating activities were $9,309,665 against $4,536,328 a year ago. Acquisition of plant and equipment was $2,403,047 against $3,025,300 a year ago. The company is reaffirming 2014 guidance of revenues to range between $150 million to $170 million and net income in the range of $2.5 million to $4.0 million.


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