Highpower International Inc (HPJ) financial statements (2022 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 thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,91614,5029,3245,85014,6127,9736,627
Cash and cash equivalents24,91614,5029,3245,85014,6127,9736,627
Restricted cash and investments44,49625,95411,21411,65615,397  
Receivables79,12461,98455,94538,60433,87534,97625,716
Inventory, net of allowances, customer advances and progress billings54,79042,94722,20719,21822,26819,73916,720
Inventory54,79042,94722,20719,21822,26819,73916,720
Prepaid expense11,2769,6942,1045,3553,2844,970
Advances on inventory purchases  3,206 1,7942,8761,121
Deposits current assets 486455 516519508
Prepaid expense and other current assets4,485
Other current assets    6201,012
Other undisclosed current assets36541782 (3,202)25,24325,608
Total current assets:214,967155,984104,53780,68389,16497,30880,786
Noncurrent Assets
Property, plant and equipment56,52346,52143,50547,46450,43848,54833,462
Long-term investments and receivables9,9949,9069,690    
Long-term investments9,9949,9069,690    
Intangible assets, net (including goodwill)2,4462,6403,622550600650700
Intangible assets, net (excluding goodwill)2,4462,6403,622550600650700
Prepaid expense2,6173,715    
Derivative instruments and hedges     63256
Other noncurrent assets643748500   
Other undisclosed noncurrent assets8657501,4785,5075,9535,2245,186
Total noncurrent assets:73,08964,28158,79553,52256,99054,48539,604
TOTAL ASSETS:288,056220,265163,332134,204146,154151,793120,390
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities83,36072,56058,53441,67750,18145,18331,888
Accounts payable66,48760,36849,46436,07744,56340,02727,509
Accrued liabilities2,2421,1401,0123,8173,6503,8773,198
Employee-related liabilities10,5067,4426,095    
Taxes payable4,1253,6091,9631,7831,9691,2801,180
Debt98,46464,98849,43415,68517,15438,11022,404
Due to related parties6,117 1,522    
Deferred revenue and credits3107618801,887676661
Customer advances and deposits1,7591,582563912
Contract with customer, liability5,640
Other undisclosed current liabilities17,21912,6586,20132,40331,23829,19627,685
Total current liabilities:210,800152,275118,03591,208101,373113,16482,638
Noncurrent Liabilities
Long-term debt and lease obligation    1,9593,9355,777
Long-term debt, excluding current maturities    1,9593,9355,777
Liabilities, other than long-term debt 778     
Accounts payable and accrued liabilities 778     
Other undisclosed noncurrent liabilities  01411,068  
Total noncurrent liabilities: 77801413,0273,9355,777
Total liabilities:210,800153,052118,03591,348104,400117,09988,416
Stockholders' equity
Stockholders' equity attributable to parent, including:77,25667,21244,96742,00340,44733,39531,169
Common stock2222211
Additional paid in capital13,86312,71011,58111,22810,5306,0116,035
Accumulated other comprehensive income (loss)(795)3,469(874)2,6335,6295,8495,050
Retained earnings64,18651,03134,25928,14124,28721,53320,082
Warrants and rights outstanding    1,068  
Other undisclosed stockholders' equity attributable to parent    (1,068)  
Stockholders' equity attributable to noncontrolling interest  3298531,3071,299806
Total stockholders' equity:77,25667,21245,29742,85641,75434,69431,974
TOTAL LIABILITIES AND EQUITY:288,056220,265163,332134,204146,154151,793120,390

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues293,932244,166173,851146,181147,088132,850112,649
Revenue, net244,166173,851146,181147,088132,850112,649
Cost of revenue
(Cost of Goods and Services Sold)
(237,057)(196,792)(135,769)(118,235)(116,937)(106,466)(88,942)
Gross profit:56,87547,37438,08227,94630,15126,38423,706
Operating expenses(41,020)(34,797)(32,359)(24,781)(26,935)(24,219)(20,927)
Operating income:15,85512,5775,7233,1653,2162,1652,779
Nonoperating income2687,0702,6231,1891,9271,3121,141
Investment income, nonoperating 6,612352 (54)326731
Foreign currency transaction gain (loss), before tax    274(553)(221)
Other nonoperating income2684582,2721,1891,7081,539631
Interest and debt expense(1,762)(1,427)(1,420)(1,002)(1,838)(1,647)(705)
Income from continuing operations before equity method investments, income taxes:14,36218,2206,9273,3523,3041,8303,215
Loss from equity method investments(140)      
Other undisclosed income (loss) from continuing operations before income taxes1,3153,309140927(113)226(510)
Income from continuing operations before income taxes:15,53721,5297,0674,2793,1912,0572,705
Income tax expense(2,382)(4,315)(1,439)(819)(590)(718)(1,132)
Net income:13,15517,2145,6283,4602,6011,3391,572
Net income (loss) attributable to noncontrolling interest (441)490394152112145
Net income available to common stockholders, diluted:13,15516,7736,1183,8542,7531,4511,717

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:13,15517,2145,6283,4602,6011,3391,572
Other undisclosed comprehensive income (loss)(4,264)4,234(3,540)(3,056)(157)823533
Comprehensive income:8,89021,4482,0874042,4442,1612,105
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (479)52445489(89)(147)
Other undisclosed comprehensive income, net of tax, attributable to parent     178294
Comprehensive income, net of tax, attributable to parent:8,89020,9692,6128582,5332,2502,252

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: