Highpower International (HPJ) Reports Q3 EPS of $0.39 on Revenues of $90.6M

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Go back to Highpower International (HPJ) Reports Q3 EPS of $0.39 on Revenues of $90.6M

Highpower International Reports Unaudited Third Quarter, First Nine Months 2018 Financial Results

November 13, 2018 7:00 AM EST

SAN DIEGO and SHENZHEN, China, Nov. 13, 2018 /PRNewswire/ -- Highpower International, Inc. (NASDAQ: HPJ) ("Highpower" or the "Company"), a developer, manufacturer, and marketer of lithium ion and nickel-metal hydride (Ni-MH) rechargeable batteries, battery management systems, and a provider of battery recycling, today announced its financial results for the third quarter ended September 30, 2018.

Third Quarter 2018 Highlights (all results compared to prior year period)

Net sales for the third quarter of 2018 increased 26.8% to $90.6 million from $71.4 million. Excluding the impact of Ganzhou Highpower Technology Co., Ltd. ("GZ Highpower"), net sales increased 41.8% to $90.6... More