Last $6.44 USD
Change Today +0.60 / 10.27%
Volume 1.9M
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As of 8:10 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

highpower international inc (HPJ) Snapshot

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04/3/14 - $7.73
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09/5/13 - $1.15
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highpower international inc (HPJ) 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 (HPJ) 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 (HPJ) Key Developments

Highpower International, Inc.'s Hev/Phev Lithium-Ion Power Battery Successfully Receives National Level Approval

Highpower International, Inc. announced that its 20Ah lithium-ion battery (Model: IESPD201E) has received the product approval issued by China's National Quality Control & Inspection Center for Buses. The battery model IESPD201E is designed for and best suited for Hybrid Electric Vehicles (HEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). The product approval was based on comprehensive tests according to China's automobile industry standard QC/T 743-2006 "Lithium-ion Batteries for Electric Vehicles".

Highpower International, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reiterates Earnings Guidance for the Year 2014

Highpower International, Inc. reported unaudited consolidated earnings results for the Second quarter and six months ended June 30, 2014. Net sales for the second quarter ended June 30, 2014 increased 22.3% to $38.1 million compared with $31.2 million for the same period in 2013. The increase in Net Sales were mainly due to a $5.2 million increase in net sales of lithium batteries. Net income attributable to the company was $812,498, or $0.05 per diluted share, compared with $109,289 or $0.01 per diluted share. Income from operations was $1,120,753 against $310,356 a year ago. Income before taxes was $1,083,093 against $226,446 a year ago. Net income was $801,729 against $67,336 a year ago. For the six months, the company reported the net sales of $67,294,950 against $55,576,988 a year ago. Income from operations was $96,618 against loss from operations $159,724 a year ago. Income before taxes was $4,997 against loss before taxes of $363,751 a year ago. Net loss was $184,216 against $571,080 a year ago. Net loss attributable to the company was $122,651 or $0.01 per diluted share, compared to $499,591 or $0.04 per diluted share. Net cash flows provided by operating activities were $4,819,177 against $204,067 a year ago. Acquisition of plant and equipment was $3,503,027 against $7,335,376 a year ago. The company reiterates its 2014 guidance of revenues of between $150 million to $170 million. Net income attributable to the Company of between $1.5 million to $3.0 million. Non-GAAP net income attributable to the Company of between $2.5 million to $4.0 million.

Highpower International, Inc. to Report Q2, 2014 Results on Aug 13, 2014

Highpower International, Inc. announced that they will report Q2, 2014 results Pre-Market on Aug 13, 2014


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