Highpower international, inc. (HPJ)
Balance Sheet / TTM
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current Assets:
Cash

18,092

24,167

24,916

7,981

7,280

18,859

14,502

11,904

19,325

20,036

9,324

13,477

6,798

6,749

5,849

7,910

3,739

9,922

14,611

11,802

12,820

5,137

7,973

6,434

2,666

4,705

6,627

5,500

5,119

15,471

5,175

8,185

7,523

8,490

Restricted cash

29,154

39,562

44,495

31,622

30,159

32,639

25,953

20,905

15,918

14,021

11,213

10,758

9,892

9,250

11,656

12,424

12,826

15,959

15,396

15,467

20,053

21,470

28,586

30,626

24,594

26,615

27,695

22,319

18,017

14,250

12,708

15,615

11,211

6,044

Accounts receivable, net

68,999

59,037

77,279

81,610

61,440

56,240

58,252

56,313

42,737

39,324

46,280

47,747

32,279

30,004

36,139

36,175

33,148

30,678

32,316

38,107

33,544

28,048

33,961

33,661

25,556

22,607

25,323

23,961

25,753

19,007

21,129

23,611

21,475

19,949

Amount due from a related party

146

61

477

259

432

921

1,165

0

2,465

7,420

7,517

2,960

2,152

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable

3,664

4,375

256

273

1,611

67

2,606

6,805

2,192

868

1,093

1,770

684

1,795

1,757

1,902

2,271

2,929

621

2,460

2,564

1,526

1,014

1,457

564

634

392

1,243

1,731

363

515

294

807

256

Advances to suppliers

463

926

2,292

4,487

8,031

6,511

6,050

-

-

-

2,007

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepayments and other receivables

6,419

8,282

10,457

8,804

9,401

5,029

4,268

16,175

10,922

7,536

3,694

5,586

6,210

-

6,060

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,932

7,109

-

Foreign exchange derivative assets

-

-

-

0

0

-

236

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign exchange derivatives

-

-

-

-

-

661

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepayments

-

-

-

-

-

-

-

-

-

-

-

-

-

5,979

-

4,243

5,587

4,709

3,283

4,482

6,127

5,448

4,969

5,638

4,633

3,901

3,223

3,628

3,638

3,534

4,251

-

-

2,115

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

791

-

743

712

630

665

715

800

1,079

1,063

824

800

762

802

811

789

801

1,041

-

-

793

Inventories

51,980

58,456

54,790

58,567

69,200

55,347

42,946

35,216

32,488

26,013

22,207

21,138

20,502

19,922

19,218

21,992

25,699

21,766

22,268

20,567

20,654

20,066

19,739

17,155

18,797

16,117

16,719

16,964

16,368

12,804

13,512

12,678

12,501

13,944

Total Current Assets

178,919

194,870

214,967

193,607

187,558

176,278

155,983

147,321

126,049

115,220

103,338

103,439

78,520

74,495

80,682

85,393

83,985

86,596

89,163

93,603

96,565

82,778

97,308

95,797

77,614

75,345

80,785

74,430

71,419

66,232

58,335

68,317

60,628

51,594

Property, plant and equipment, net

65,089

68,148

56,523

51,452

48,135

48,189

46,520

49,789

46,167

44,751

43,504

46,373

48,569

47,655

47,464

50,187

51,729

50,663

50,437

49,383

48,699

49,173

48,548

41,368

37,466

33,963

33,462

30,955

28,979

26,862

25,462

18,264

16,297

13,837

Long-term prepayments

2,373

1,949

2,617

3,778

3,992

4,243

3,715

-

-

-

1,198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Land use right, net

2,406

2,476

2,445

2,444

2,564

2,719

2,639

3,718

3,670

3,631

3,622

3,792

3,830

3,967

3,963

4,081

4,263

4,267

4,305

4,312

4,334

4,356

4,421

4,415

4,411

4,374

4,423

4,408

4,384

4,449

3,132

3,111

3,089

3,022

Other assets

770

635

643

719

747

746

748

462

475

487

500

512

1,000

537

550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible asset, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

562

575

587

600

612

625

637

650

662

675

687

700

712

725

737

750

762

775

800

Investment in an associate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

99

103

Investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

55

53

Deferred tax assets, net

935

983

865

1,260

1,219

1,135

750

1,386

1,248

1,366

1,477

1,567

1,574

1,683

1,544

1,877

1,880

1,829

1,647

1,626

1,343

1,213

802

851

907

870

762

632

745

901

857

162

-

785

Long-term investments

8,387

9,768

9,993

10,535

10,790

11,209

9,906

1,765

10,540

9,919

9,689

9,949

751

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets

10,213

5,272

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency derivatives assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

63

139

133

124

255

113

-

286

15

211

-

-

TOTAL ASSETS

269,097

284,104

288,056

263,798

255,007

244,523

220,264

204,444

188,150

175,376

163,331

165,634

134,247

128,338

134,204

142,102

142,433

143,945

146,154

149,538

151,569

138,158

151,793

143,234

121,207

115,365

120,389

111,252

106,252

99,468

88,553

90,885

80,945

70,196

LIABILITIES AND EQUITY
Liabilities
Current Liabilities:
Accounts payable

64,413

68,943

66,486

69,311

80,534

61,149

60,368

59,937

49,132

44,170

49,463

48,673

32,803

33,970

36,077

36,921

43,126

39,024

44,562

50,067

46,370

43,402

40,026

32,832

27,012

27,495

27,509

25,371

23,842

17,438

22,153

17,590

11,406

12,889

Deferred government grants

680

473

464

472

758

799

309

807

892

884

761

775

785

861

879

1,080

1,890

1,881

1,887

1,635

1,007

1,677

675

670

666

657

661

655

648

-

0

-

-

-

Current portion of long-term loan

-

-

-

-

-

-

-

-

-

-

-

0

902

1,393

1,845

1,889

1,962

1,953

1,959

1,951

1,950

1,951

1,967

1,953

1,941

1,914

1,925

1,749

-

-

0

-

-

-

Short-term loans

24,662

-

24,856

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,227

35,624

11,300

Short-term loans

-

17,749

-

24,318

25,080

24,760

10,128

10,609

19,329

20,462

18,776

20,876

14,963

15,406

13,839

15,167

9,147

15,173

15,195

15,817

31,216

25,453

36,142

35,369

27,636

23,992

20,478

15,671

14,179

12,729

9,545

-

-

-

Non-financial institution borrowing

0

0

8,761

8,701

9,069

11,152

10,756

10,527

11,804

10,158

3,741

4,492

4,511

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable

60,168

75,053

73,607

54,989

51,710

58,833

54,859

46,124

41,373

38,291

30,658

32,048

29,003

25,177

30,490

34,429

33,259

34,459

29,903

27,002

21,616

19,113

25,271

26,996

20,079

18,625

26,397

24,286

20,801

20,544

17,909

18,365

-

9,896

Foreign exchange derivative liabilities

932

2

521

480

689

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency derivatives liabilities

-

-

-

-

-

-

-

169

-

-

-

-

-

-

-

-

-

-

-

4

68

73

-

-

-

-

-

-

15

-

-

-

-

77

Amount due to related parties

101

9,011

6,116

6,127

423

780

0

0

62

1,728

1,522

1,537

761

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Letter of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,880

2,880

2,995

-

1,341

Other payables and accrued liabilities

21,818

23,733

25,860

24,279

15,338

13,339

12,243

13,061

9,249

9,267

11,148

9,826

6,503

6,882

6,292

6,655

6,222

5,751

5,896

6,819

5,564

7,502

7,801

6,823

6,260

5,339

4,485

5,349

-

-

6,941

-

-

-

Other payables and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,361

7,609

-

5,361

4,999

4,983

Income taxes payable

3,394

4,246

4,124

3,972

3,225

4,537

3,609

2,212

1,782

2,310

1,963

1,854

1,252

1,885

1,783

1,601

1,396

2,002

1,968

2,046

1,357

1,587

1,279

1,235

959

918

1,180

875

477

492

411

149

91

1,164

Lease liabilities, current

2,334

1,866

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Current Liabilities

178,506

201,080

210,800

192,653

186,830

175,352

152,274

143,449

133,626

127,273

118,034

120,084

91,488

85,576

91,207

97,744

97,005

100,247

101,372

105,347

109,151

100,762

113,164

105,883

84,556

78,943

82,638

73,959

68,326

61,694

59,841

61,690

52,121

41,653

Long-term payable

359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities, non current

8,040

3,550

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable, noncurrent

-

-

-

0

0

0

777

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant Liability

-

-

-

-

-

-

-

0

0

31

0

25

14

21

140

125

636

721

1,067

2,385

1,099

-

0

-

-

-

-

-

-

-

-

-

-

-

Long-term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

472

981

1,464

1,959

2,439

2,925

3,414

3,935

4,396

4,853

5,265

5,777

6,204

7,867

7,941

0

-

-

-

TOTAL LIABILITIES

186,905

204,630

210,800

192,653

186,830

175,352

153,052

143,449

133,626

127,305

118,035

120,110

91,502

85,597

91,348

98,342

98,623

102,433

104,399

110,172

113,176

104,176

117,099

110,279

89,410

84,208

88,415

80,163

76,194

69,635

59,841

-

-

-

COMMITMENTS AND CONTINGENCIES

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

-

0

0

-

0

0

EQUITY
Stockholders' equity
Preferred stock (Par value: $0.0001, Authorized: 10,000,000 shares, Issued and outstanding: none)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock (Par value: $0.0001, Authorized: 100,000,000 shares, 15,567,953 shares issued and outstanding at June 30, 2019 and 15,559,658 at December 31, 2018, respectively)

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

Additional paid-in capital

14,257

14,067

13,863

13,657

13,410

12,951

12,709

12,307

12,249

11,766

11,580

11,491

11,433

11,338

11,227

11,110

10,987

10,661

10,530

10,403

10,254

6,626

6,011

5,765

5,547

6,084

6,035

5,976

5,924

5,872

5,831

5,792

5,457

5,180

Statutory and other reserves

8,012

8,012

8,012

6,549

6,549

6,549

6,549

4,992

4,992

4,992

4,992

4,042

4,042

4,042

4,042

3,611

3,611

3,611

3,611

3,142

3,142

3,142

3,142

2,790

2,790

2,790

2,790

2,726

2,726

2,726

2,726

-

-

2,596

Retained earnings

61,169

56,481

56,173

52,190

46,076

43,362

44,481

41,197

36,172

31,801

29,266

28,458

25,807

23,755

24,098

24,362

22,418

20,551

20,675

19,142

18,268

17,455

18,390

17,534

16,791

16,682

17,291

16,789

16,145

15,641

15,638

-

-

18,222

Accumulated other comprehensive loss

-1,249

910

-794

-1,254

2,137

6,306

3,469

1,848

600

-900

-873

1,106

932

2,878

2,632

3,645

5,628

5,427

5,628

5,517

5,498

5,518

5,848

5,566

5,342

4,826

5,049

4,749

4,376

4,659

4,514

3,696

3,337

2,542

Retained earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,705

20,027

-

TOTAL EQUITY

82,191

79,474

77,255

-

-

-

-

60,347

54,017

47,661

44,967

45,100

42,217

42,016

42,002

42,730

42,647

40,253

40,447

38,207

37,165

32,744

33,394

31,658

30,474

30,385

31,168

30,243

29,174

28,901

28,712

29,195

28,823

28,543

Non-controlling interest

-

-

-

-

-

-

-

647

507

408

329

423

527

724

853

1,029

1,162

1,258

1,307

1,159

1,226

1,237

1,299

1,297

1,322

771

805

845

884

931

0

-

-

-

TOTAL EQUITY

-

-

-

71,145

68,176

69,171

67,212

60,994

54,524

48,070

45,296

45,524

42,745

42,741

42,856

43,759

43,809

41,511

41,754

39,366

38,392

33,982

34,694

32,955

31,796

31,156

31,974

31,088

30,058

29,832

28,712

-

-

-

TOTAL LIABILITIES AND EQUITY

269,097

284,104

288,056

263,798

255,007

244,523

220,264

204,444

188,150

175,376

163,331

165,634

134,247

128,338

134,204

142,102

142,433

143,945

146,154

149,538

151,569

138,158

151,793

143,234

121,207

115,365

120,389

111,252

106,252

99,468

88,553

90,885

80,945

70,196