Highpower international, inc. (HPJ)
Income statement / Quarterly
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'11Mar'11Sep'10Jun'10
Net sales

75,807

58,113

88,667

90,557

64,923

49,783

-

71,405

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

51,699

41,866

53,878

54,142

36,732

29,097

37,850

37,556

38,635

32,137

35,318

44,474

38,134

29,160

38,419

38,852

31,177

24,399

30,800

31,868

29,377

20,602

25,850

28,091

29,708

26,950

27,774

28,978

Cost of sales

57,436

45,452

68,178

73,047

53,614

42,217

67,387

57,845

39,628

31,932

42,984

40,475

29,088

23,220

31,240

30,340

30,072

26,581

28,233

35,069

30,405

23,229

29,776

31,609

25,443

19,636

24,384

24,258

23,369

16,930

20,747

24,212

24,942

22,950

21,900

23,578

Gross profit

18,371

12,660

20,488

17,510

11,309

7,566

11,806

13,560

12,071

9,934

10,894

13,667

7,643

5,877

6,609

7,216

8,563

5,555

7,085

9,405

7,729

5,930

8,643

7,242

5,734

4,763

6,415

7,610

6,008

3,672

5,102

3,878

4,766

4,000

5,873

5,399

Research and development expenses

4,380

2,986

3,801

3,535

3,592

2,561

3,126

2,433

2,137

1,813

2,555

3,029

2,035

1,622

1,995

1,963

1,997

1,674

1,864

2,056

1,976

1,811

1,726

1,531

1,350

1,102

1,345

1,147

1,233

884

937

823

873

605

529

467

Selling and distribution expenses

3,279

2,792

3,366

2,625

2,121

1,975

2,279

1,859

1,722

1,638

1,932

1,881

1,539

1,535

1,620

1,712

1,597

1,798

1,729

1,697

1,587

1,537

1,801

1,598

1,392

1,395

1,442

1,423

1,282

1,198

797

1,498

980

1,174

1,132

1,121

General and administrative expenses

5,027

4,823

5,478

5,796

3,910

4,114

5,359

3,959

3,016

3,058

5,931

5,935

3,248

3,069

3,151

3,295

3,423

3,024

2,714

3,295

3,312

3,571

3,716

2,957

2,612

2,805

3,164

4,035

2,263

2,014

3,333

2,200

2,098

2,106

2,153

1,758

Foreign currency transaction gain (loss)

1,213

-1,250

-721

1,925

1,670

-1,014

-745

-816

-514

-313

1,322

126

600

-90

571

1,458

73

370

-60

-15

247

102

-178

-154

-180

-39

-142

-200

153

-31

-194

-186

-297

-172

-328

-130

Loss on derivative instruments

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

11,473

11,853

13,367

10,032

7,953

9,666

11,510

9,070

7,391

6,824

9,097

10,720

6,223

6,318

6,195

5,513

6,945

6,127

6,366

7,004

6,608

6,955

7,364

6,196

5,424

5,233

5,605

6,598

4,930

3,791

-

4,717

-

4,451

4,158

-

Income from operations

6,897

806

7,120

7,478

3,356

-2,100

296

4,490

4,680

3,110

1,797

2,947

1,419

-441

414

1,703

1,618

-571

718

2,400

1,120

-1,024

1,278

1,046

310

-470

810

1,011

1,077

-119

-1,576

-838

669

-451

1,715

1,921

Changes in fair value of warrant liability

-

-

-

0

-

-

0

0

-31

31

-24

11

-7

-119

14

-510

-84

-346

-1,318

1,286

-74

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Changes in fair value of foreign exchange derivatives

-996

387

-313

-410

-1,125

703

419

-146

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government grants

729

221

879

261

988

329

-

345

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense)

-

-

-

27

-

-

-

-251

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government grants

-

-

-

-

-

-

-

-

209

349

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

15

66

-

-

56

23

-

-

67

228

-1,208

505

1,055

155

447

154

357

230

214

590

361

541

561

479

281

216

226

176

61

167

294

239

66

152

84

126

Loss on derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

59

21

-137

58

45

112

109

490

207

-304

337

82

97

156

-390

-6

-

Equity in (loss) earnings of investees

-1,177

-418

-641

184

160

156

-

1

-41

-

-

218

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-104

-2

-1

-6

-

Gain on dilution in equity method investee

-

-

-

0

-

-

-

5

491

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of long-term investment

-

-

-

0

-

-

-

1,664

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest (expense) income

-

-

-

-518

-

-

-

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income (expenses)

-

-

-

-

-

-

-

-

-

-

-

-341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of investee

-

-

-

-

-

-

-

-

-

146

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expenses , net

38

470

-

-

312

241

-

-

380

603

-

-

435

274

211

246

275

268

310

458

474

595

501

444

365

336

327

63

301

12

180

105

170

89

89

101

Income before taxes

5,429

593

6,517

7,023

3,123

-1,128

7,104

6,166

5,057

3,200

2,140

3,319

2,047

-440

635

2,122

1,784

-263

1,940

1,245

1,083

-1,078

1,339

1,080

226

-590

708

1,123

837

35

-

-704

-

-

-

-

Income before taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

565

-388

1,710

1,945

Income taxes expenses

741

285

1,072

909

409

-9

2,117

1,013

595

587

460

769

174

35

624

270

18

-95

-38

439

281

-92

138

372

159

48

189

526

362

53

394

-73

137

5

280

360

Net income

-

-

-

6,114

-

-

4,986

5,152

4,462

2,612

1,680

2,550

1,873

-476

11

1,851

1,766

-168

1,978

806

801

-985

1,201

708

67

-638

519

596

474

-18

-1,857

-630

428

-394

-

-

Less: net income attributable to non-controlling interest

-

-

-

0

-

-

144

128

90

76

-76

-101

-178

-133

-155

-91

-101

-45

-22

-68

-10

-50

-7

-33

-41

-29

-46

-47

-29

-21

-

0

-

-

-

-

Net income

4,688

307

5,445

6,114

2,714

-1,118

4,841

5,024

4,371

2,535

1,757

2,651

2,051

-342

166

1,943

1,867

-123

2,001

874

812

-935

1,208

742

109

-608

565

644

503

3

-1,857

-630

428

-394

1,430

1,585

Comprehensive income
Net income

4,688

307

-

-

2,714

-1,118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

6,114

-

-

4,986

5,152

4,462

2,612

1,680

2,550

1,873

-476

11

1,851

1,766

-168

1,978

806

801

-985

1,201

708

67

-638

519

596

474

-18

-1,857

-630

428

-394

-

-

Foreign currency translation loss

-2,160

1,705

460

-3,392

-4,168

2,836

1,490

1,258

1,508

-24

-1,997

171

-1,964

250

-1,032

-2,024

206

-204

184

19

-19

-341

291

232

526

-228

307

381

-300

144

1,926

61

3

-18

-31

-7

Comprehensive income

-

-

-

2,721

-

-

6,476

6,411

5,970

2,588

-316

2,721

-91

-225

-1,020

-173

1,972

-373

2,163

825

781

-1,327

1,492

940

594

-866

826

978

173

126

68

-568

431

-413

-

-

Less: comprehensive income attributable to non-controlling interest

-

-

-

0

-

-

161

139

98

79

-94

-103

-197

-128

-175

-133

-95

-49

51

-67

-11

-61

1

-25

-31

-34

-39

-38

-46

-21

-

0

-

-

-

-

- Cash flow hedge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

Comprehensive income (loss)

2,527

2,013

5,905

2,721

-1,453

1,717

6,315

6,272

5,872

2,508

-222

2,825

105

-97

-845

-39

2,067

-324

2,112

892

793

-1,265

1,490

966

625

-832

866

1,016

220

148

68

-568

431

-413

1,399

1,574

Earnings per share of common stock
- Basic

0.30

0.02

0.36

0.39

0.17

-0.07

0.30

0.33

0.29

0.17

0.11

0.18

0.14

-0.02

-

0.13

0.12

-

-

0.06

0.05

-

-

0.05

0.01

-

-

-

-

-

-

-

0.03

-

0.11

0.12

- Diluted

0.30

0.02

0.35

0.39

0.17

-0.07

0.32

0.32

0.28

0.17

0.10

0.18

0.14

-0.02

-

0.13

0.12

-

-

0.06

0.05

-

-

0.05

0.01

-

-

-

-

-

-

-

0.03

-

0.11

0.12

- Basic and Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

-

-

-

-0.07

-

-

-

-0.04

-

0.05

0.04

0.00

-

-0.05

-

-0.03

-

-

Weighted average number of common stock outstanding
- Basic

15,567

15,566

15,560

15,559

15,556

15,509

15,500

15,369

15,317

15,119

15,114

15,103

15,101

15,101

-

15,101

15,094

-

-

15,052

14,853

-

-

13,657

13,582

-

-

-

-

-

-

-

13,582

-

13,582

13,582

- Diluted

15,626

15,604

15,688

15,597

15,629

15,509

15,444

15,518

15,479

15,299

15,135

15,115

15,102

15,101

-

15,148

15,441

-

-

15,590

15,277

-

-

13,657

13,582

-

-

-

-

-

-

-

13,582

-

13,732

13,732

- Basic and Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,086

-

-

-

13,978

-

-

-

13,582

-

13,582

13,582

13,582

-

13,582

-

-

-

-

Weighted average number of common stock outstanding - Basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,582

-

-