Highpower International Inc (HPJ) financial statements (2021 and earlier)

Company profile

Business Address BUILDING A1, 68 XINXIA STREET
GUANGDONG, 518111
State of Incorp. DE
Fiscal Year End December 31
SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments182425871915
Cash and cash equivalents182425871915
Restricted cash and investments29404432303326
Receivables73637982635762
Inventory, net of allowances, customer advances and progress billings52585559695543
Inventory52585559695543
Prepaid expense011148710
Deposits current assets      0
Other undisclosed current assets6809960
Total current assets:179195215194188176156
Noncurrent Assets
Property, plant and equipment65685751484847
Long-term investments and receivables8101011111110
Long-term investments8101011111110
Intangible assets, net (including goodwill)2222333
Intangible assets, net (excluding goodwill)2222333
Prepaid expense2234444
Other noncurrent assets1111111
Other undisclosed noncurrent assets11611111
Total noncurrent assets:90897370676864
TOTAL ASSETS:269284288264255245220
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities68738373846673
Accounts payable64696669816160
Accrued liabilities  2   1
Employee-related liabilities  11   7
Taxes payable3444354
Debt85939879778465
Due to related parties096601 
Deferred revenue and credits110
Customer advances and deposits2
Contract with customer, liability6   
Other undisclosed current liabilities26261734252413
Total current liabilities:179201211193187175152
Noncurrent Liabilities
Long-term debt and lease obligation0      
Long-term debt, excluding current maturities0      
Liabilities, other than long-term debt      1
Accounts payable and accrued liabilities      1
Other undisclosed noncurrent liabilities84     
Total noncurrent liabilities:84    1
Total liabilities:187205211193187175153
Stockholders' equity
Stockholders' equity attributable to parent82797771686967
Common stock0000000
Additional paid in capital14141414131313
Accumulated other comprehensive income (loss)(1)1(1)(1)263
Retained earnings69646459535051
Total stockholders' equity:82797771686967
TOTAL LIABILITIES AND EQUITY:269284288264255245220

Income statement (P&L) ($ in millions)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Revenues76588991655079
Revenue, net655079
Cost of revenue
(Cost of Goods and Services Sold)
(57)(45)(68)(73)(54)(42)(67)
Gross profit:1813201811812
Operating expenses(11)(12)(13)(10)(8)(10)(11)
Operating income (loss):71773(2)0
Nonoperating income0000006
Investment income, nonoperating     06
Other nonoperating income (expense)000000(0)
Interest and debt expense(0)(0)(1)(0)(0)(0)(1)
Income (loss) from continuing operations before equity method investments, income taxes:70673(2)5
Income (loss) from equity method investments(1)(0)(1)00 (0)
Other undisclosed income (loss) from continuing operations before income taxes(0)11(0)(0)12
Income (loss) from continuing operations before income taxes:51773(1)7
Income tax expense (benefit)(1)(0)(1)(1)(0)0(2)
Net income (loss):50563(1)5
Net loss attributable to noncontrolling interest      (0)
Net income (loss) available to common stockholders, diluted:50563(1)5

Comprehensive Income ($ in millions)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Net income (loss):50563(1)5
Other undisclosed comprehensive income (loss)  0(3)(4)31
Comprehensive income (loss):5063(1)26
Comprehensive loss, net of tax, attributable to noncontrolling interest      (0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)2     
Comprehensive income (loss), net of tax, attributable to parent:3263(1)26

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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