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

313,145

302,261

293,931

276,670

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

201,588

186,620

173,851

157,823

141,236

143,140

146,181

143,648

150,566

150,065

147,088

150,189

144,567

137,610

132,849

125,230

118,245

116,445

112,648

107,698

103,922

104,252

110,600

112,524

113,411

0

0

0

Cost of sales

244,114

240,292

237,056

236,265

221,063

207,077

196,792

172,389

155,020

144,480

135,768

124,025

113,889

114,873

118,234

115,227

119,956

120,289

116,937

118,480

115,020

110,058

106,465

101,073

93,721

91,647

88,942

85,305

85,260

86,833

92,852

94,005

93,371

0

0

0

Gross profit

69,030

61,969

56,875

48,193

44,243

45,005

47,373

46,461

46,568

42,140

38,082

33,797

27,347

28,267

27,946

28,421

30,609

29,775

30,150

31,708

29,546

27,551

26,384

24,156

24,523

24,797

23,706

22,393

18,661

17,419

17,747

18,518

20,039

0

0

0

Research and development expenses

14,704

13,916

13,492

12,817

11,715

10,259

9,512

8,940

9,536

9,434

9,243

8,684

7,618

7,579

7,631

7,499

7,592

7,571

7,709

7,571

7,046

6,420

5,711

5,330

4,946

4,829

4,611

4,202

3,878

3,518

3,239

2,831

2,475

0

0

0

Selling and distribution expenses

12,063

10,905

10,087

9,001

8,236

7,837

7,500

7,153

7,174

6,991

6,888

6,575

6,406

6,465

6,728

6,837

6,823

6,813

6,551

6,624

6,525

6,329

6,188

5,829

5,654

5,544

5,347

4,702

4,777

4,475

4,451

4,787

4,409

0

0

0

General and administrative expenses

21,126

20,008

19,300

19,180

17,343

16,450

15,393

15,966

17,942

18,175

18,186

15,405

12,765

12,940

12,895

12,458

12,458

12,346

12,893

13,895

13,558

12,858

12,092

11,540

12,618

12,269

11,478

11,646

9,812

9,647

9,739

8,560

8,118

0

0

0

Foreign currency transaction gain (loss)

1,166

1,624

1,860

1,836

-905

-3,091

-2,390

-322

620

1,735

1,959

1,208

2,540

2,013

2,474

1,841

368

541

273

156

16

-410

-552

-516

-562

-229

-220

-272

-259

-710

-851

-986

-929

0

0

0

Loss on derivative instruments

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

46,727

43,207

41,019

39,163

38,201

37,638

34,796

32,383

34,033

32,865

32,359

29,457

24,250

24,972

24,781

24,952

26,444

26,107

26,935

27,932

27,125

25,940

24,218

22,459

22,861

22,368

20,927

20,039

0

0

-

0

-

0

0

-

Income from operations

22,303

18,761

15,855

9,030

6,042

7,366

12,577

14,078

12,535

9,274

5,723

4,340

3,096

3,295

3,164

3,468

4,165

3,668

3,215

3,776

2,421

1,611

2,165

1,696

1,661

2,428

2,779

392

-1,457

-1,865

-2,197

1,095

3,855

0

0

0

Changes in fair value of warrant liability

-

-

-

0

-

-

-0

-25

-14

10

-140

-100

-622

-700

-927

-2,259

-462

-452

-106

1,211

-74

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Changes in fair value of foreign exchange derivatives

-1,332

-1,462

-1,145

-411

-147

977

273

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government grants

2,092

2,351

2,460

1,925

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense)

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government grants

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

0

0

-

-

0

0

-

-

-406

581

509

2,165

1,814

1,115

1,189

956

1,391

1,396

1,707

2,055

1,944

1,863

1,538

1,203

900

679

630

699

762

767

752

542

428

0

0

0

Loss on derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-54

2

-12

78

326

757

919

503

730

323

212

673

-54

-142

0

0

0

-

Equity in (loss) earnings of investees

-2,052

-714

-140

502

0

0

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-108

-115

0

0

0

-

Gain on dilution in equity method investee

-

-

-

0

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of long-term investment

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest (expense) income

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income (expenses)

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of investee

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expenses , net

0

0

-

-

0

0

-

-

0

0

-

-

1,168

1,008

1,002

1,100

1,312

1,511

1,838

2,029

2,015

1,906

1,647

1,473

1,093

1,029

705

558

599

468

545

454

450

0

0

0

Income before taxes

19,564

17,258

15,536

16,122

15,266

17,200

21,529

16,566

13,718

10,707

7,066

5,561

4,364

4,102

4,279

5,583

4,707

4,005

3,191

2,590

2,425

1,568

2,056

1,425

1,468

2,079

2,704

1,291

0

0

-

0

-

-

-

-

Income before taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,833

0

0

0

Income taxes expenses

3,009

2,677

2,381

3,427

3,531

3,717

4,315

2,657

2,412

1,991

1,439

1,603

1,104

949

818

155

324

587

590

767

699

577

718

768

923

1,127

1,132

1,337

737

511

463

349

783

0

0

0

Net income

-

-

-

12,695

-

-

17,213

13,908

11,305

8,716

5,627

3,958

3,259

3,152

3,460

5,427

4,382

3,418

2,600

1,823

1,725

991

1,338

657

544

952

1,572

-804

-2,031

-2,077

-2,453

0

0

0

-

-

Less: net income attributable to non-controlling interest

-

-

-

144

-

-

441

219

-10

-279

-490

-569

-559

-482

-393

-260

-237

-146

-152

-137

-102

-133

-112

-151

-165

-152

-144

-98

0

0

-

0

-

-

-

-

Net income

16,555

14,581

13,154

12,551

11,461

13,118

16,772

13,688

11,315

8,996

6,117

4,527

3,819

3,634

3,854

5,688

4,619

3,565

2,753

1,960

1,828

1,124

1,451

808

710

1,104

1,717

-705

-1,980

-2,056

-2,453

833

3,049

0

0

0

Comprehensive income
Net income

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

12,695

-

-

17,213

13,908

11,305

8,716

5,627

3,958

3,259

3,152

3,460

5,427

4,382

3,418

2,600

1,823

1,725

991

1,338

657

544

952

1,572

-804

-2,031

-2,077

-2,453

0

0

0

-

-

Foreign currency translation loss

-3,387

-5,395

-4,264

-3,233

1,417

7,094

4,234

746

-341

-3,814

-3,540

-2,574

-4,771

-2,600

-3,055

-1,838

205

-20

-156

-50

162

709

822

838

987

159

532

2,152

1,832

2,135

1,972

15

-54

0

0

0

Comprehensive income

-

-

-

9,461

-

-

21,447

14,654

10,964

4,901

2,087

1,383

-1,511

551

404

3,589

4,588

3,397

2,443

1,772

1,888

1,700

2,161

1,495

1,532

1,112

2,105

1,347

-199

58

-481

0

0

0

-

-

Less: comprehensive income attributable to non-controlling interest

-

-

-

161

-

-

479

223

-19

-315

-524

-605

-635

-533

-453

-227

-160

-76

-89

-138

-96

-116

-88

-130

-143

-159

-146

-107

0

0

-

0

-

-

-

-

- Cash flow hedge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Comprehensive income (loss)

13,167

9,186

8,890

9,300

12,851

20,177

20,968

14,430

10,984

5,217

2,611

1,988

-876

1,085

858

3,816

4,748

3,474

2,533

1,911

1,984

1,816

2,250

1,625

1,676

1,271

2,252

1,454

-130

79

-481

848

2,992

0

0

0

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

-

-