Highpower International (HPJ) Reports Q2 EPS of $0.15
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Highpower International Enters Into Equity Purchase Agreement
August 12, 2016 7:01 AM EDTSAN FRANCISCO and SHENZHEN, China, Aug. 12, 2016 /PRNewswire/ -- Highpower International, Inc. (NASDAQ: HPJ), ("Highpower," or the "Company") a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider, today announced that its wholly-owned subsidiary, Huizhou Highpower Technology Co., Ltd, has entered into an agreement ("Agreement") to acquire up to 50% equity interest in Huizhou Yipeng Energy Technology Co., Ltd. ("Huizhou Yipeng"), an electric vehicle power battery system solutions provider specializing in the plug-in hybrid electric vehicle (PHEV) and electric vehicle (EV) bus... More
Highpower International Reports Financial Results For the Second Quarter And Six Months Ended June 30, 2016
August 12, 2016 7:00 AM EDTSAN FRANCISCO and SHENZHEN, China, Aug. 12, 2016 /PRNewswire/ -- Highpower International, Inc. (NASDAQ: HPJ), a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and battery management systems and battery recycling provider, today announced its financial results for the second quarter and six months ended June 30, 2016.
2016Â Second Quarter Financial Highlights (all results are compared to prior year period)
Net sales were $36.7million, compared to $38.6 million, primarily due to exchange rate difference. Gross margin was 20.8%, compared to 22.2%, mainly due to lower average selling price. EBITDA... More