Highpower International (HPJ) Reports In-Line Q1 Loss

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Highpower International Reports Financial Results For the First Quarter Ended March 31, 2015

May 8, 2015 8:00 AM EDT

SAN FRANCISCO and SHENZHEN, China, May 8, 2015 /PRNewswire/ -- Highpower International, Inc. (NASDAQ: HPJ), 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 its financial results for the 2015 first quarter ended March 31, 2015.

2015 First Quarter Operating and Financial Highlights (all results are compared to prior year period)

Net sales were $32.1 million, an increase of 10.2% compared to $29.2 million. Lithium battery net sales increased 25.6% from $13.4 million to $16.8 million. New materials net sales increased 97.3% from... More