Highpower International Inc (HPJ) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

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 investments24,16724,9167,9827,28118,85914,502
Cash and cash equivalents24,16724,9167,9827,28118,85914,502
Restricted cash and investments39,56344,49631,62330,15932,63925,954
Receivables63,47479,12482,14363,48557,23061,984
Inventory, net of allowances, customer advances and progress billings58,45654,79058,56869,20155,34742,947
Inventory58,45654,79058,56869,20155,34742,947
Prepaid expense92711,2764,4878,0316,5129,694
Deposits current assets      486
Other undisclosed current assets8,2833658,8059,4025,691417
Total current assets:194,870214,967193,608187,559176,279155,984
Noncurrent Assets
Property, plant and equipment68,14856,52351,45348,13548,18946,521
Long-term investments and receivables9,7689,99410,53510,79111,2099,906
Long-term investments9,7689,99410,53510,79111,2099,906
Intangible assets, net (including goodwill)2,4772,4462,4442,5642,7202,640
Intangible assets, net (excluding goodwill)2,4772,4462,4442,5642,7202,640
Prepaid expense1,9492,6173,7793,9924,2443,715
Other noncurrent assets635643719747747748
Other undisclosed noncurrent assets6,2568651,2601,2201,136750
Total noncurrent assets:89,23473,08970,19067,44968,24564,281
TOTAL ASSETS:284,104288,056263,798255,008244,524220,265
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities73,19083,36073,28383,76165,68672,560
Taxes payable4,2464,1253,9723,2264,5373,609
Employee-related liabilities  10,506   7,442
Accounts payable68,94466,48769,31180,53561,14960,368
Accrued liabilities  2,242   1,140
Debt92,80398,46479,30976,79183,59364,988
Deferred revenue and credits758799310
Due to related parties9,0126,1176,127423781 
Customer advances and deposits1,759
Contract with customer, liability5,640   
Other undisclosed current liabilities26,07517,21933,93425,09824,49312,658
Total current liabilities:201,080210,800192,653186,831175,352152,275
Noncurrent Liabilities
Long-term debt and lease obligation      
Long-term debt, excluding current maturities      
Liabilities, other than long-term debt      778
Accounts payable and accrued liabilities      778
Other undisclosed noncurrent liabilities3,550     
Total noncurrent liabilities:3,550    778
Total liabilities:204,630210,800192,653186,831175,352153,052
Equity
Equity, attributable to parent79,47477,25671,14568,17769,17167,212
Common stock222222
Additional paid in capital14,06813,86313,65813,41012,95112,710
Accumulated other comprehensive income (loss)911(795)(1,255)2,1386,3063,469
Retained earnings64,49464,18658,74152,62749,91251,031
Total equity:79,47477,25671,14568,17769,17167,212
TOTAL LIABILITIES AND EQUITY:284,104288,056263,798255,008244,524220,265

Income Statement (P&L) ($ in thousands)

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
Revenues58,11388,66790,55764,92449,78379,194
Revenue, net64,92449,78379,194
Cost of revenue
(Cost of Goods and Services Sold)
(45,453)(68,179)(73,047)(53,614)(42,217)(67,387)
Gross profit:12,66120,48917,51011,3107,56611,807
Operating expenses(11,854)(13,368)(10,032)(7,954)(9,666)(11,364)
Operating income (loss):8077,1217,4783,356(2,100)442
Nonoperating income6716028571805,624
Investment income, nonoperating     1566,115
Other nonoperating income (expense)67160285724(491)
Interest and debt expense(470)(1,230)(301)(313)(242)(726)
Income (loss) from continuing operations before equity method investments, income taxes:4036,0517,2053,100(2,162)5,341
Income (loss) from equity method investments(418)(641)185160 (106)
Other undisclosed income (loss) from continuing operations before income taxes6091,108(366)(136)1,0341,870
Income (loss) from continuing operations before income taxes:5936,5187,0243,124(1,129)7,104
Income tax expense (benefit)(285)(1,073)(910)(409)10(2,118)
Income (loss) from continuing operations:3085,4456,1142,714(1,119)4,986
Income (loss) before gain (loss) on sale of properties:3085,4456,1142,714(1,119)4,986
Net income (loss):3085,4456,1142,714(1,119)4,986
Net loss attributable to noncontrolling interest      (144)
Net income (loss) available to common stockholders, diluted:3085,4456,1142,714(1,119)4,842

Comprehensive Income ($ in thousands)

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):3085,4456,1142,714(1,119)4,986
Other undisclosed comprehensive income (loss)  460(3,393)(4,168)2,8371,490
Comprehensive income (loss):3085,9052,721(1,454)1,7186,477
Comprehensive loss, net of tax, attributable to noncontrolling interest      (161)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,706     
Comprehensive income (loss), net of tax, attributable to parent:2,0135,9052,721(1,454)1,7186,315

Statements Sources

The financial statements are based on the Company's filings with 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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