Highpower International Inc (HPJ) Quote

News: $HPJ Highpower International Enters Into Definitive Agreement to Be Acquired by Consortium in Going Private Transaction

SAN DIEGO and SHENZHEN, China , June 28, 2019 /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 pro...

Got this from https://marketwirenews.com/news-releases/highpower-international-enters-into-definitive-agreement-to-be--8429902.html

News: $HPJ Highpower International Receives Additional Commitment from Consortium

SAN DIEGO and SHENZHEN, China , April 26, 2019 /PRNewswire/ -- The Special Committee of the Board of Directors of Highpower International, Inc. (NASDAQ: HPJ) ("Highpower" or the "Company"), a developer, manufacturer, and marketer of lithium ion and nickel-metal hydride (Ni-MH) rechargea...

Got this from https://marketwirenews.com/news-releases/highpower-international-receives-additional-commitment-from-consortium-8065204.html

Wow it has been a year since I posted this.
I believe I saw the battery for buses on their web site under excel for investors. I doubt it is there since we have not heard anything in the buses area recently.
However, with the lithium and cobalt price coming down compared the 3rd quarter and the yuan strengthening somewhat vs the dollar and 30% increase in revenue we should have a very good year end report in march.
HPJ usually promotes itself in new york and san diego late february and in march and we should go above 3. However I hope they do not promote HPJ because that would tell me the buyout is still in effect.
Good Luck.

5- Yutong: EV batteries for municipal and school buses

https://en.yutong.com/pressmedia/yutongnews/

I just scanned the most recent Q and K filings and didn't see this. Where did you see this?

Looking for a bunch here. Maybe after it hit new lows around 2.60 jmo

Huge earnings as anticipated. it should be interesting as stock earnings are saturated in value


Highpower International Reports Unaudited Second Quarter First Half 2017 Financial Results

6:00 am ET August 10, 2017 (PR Newswire) Print
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 second quarter ended June 30, 2017.

Second Quarter 2017 Highlights

-- Net sales for the second quarter of 2017 increased by 40.7% to $51.7 million from $36.7 million in the prior year period.

-- Gross profit for the second quarter of 2017 increased by 57.9% to $12.1 million from $7.6 million in the prior year period

-- EBITDA for the second quarter of 2017 increased by 67.1% to $6.5 million from $3.9 million in the prior year period.

-- Net income attributable to the Company for the second quarter of 2017 was $4.4 million, or $0.28 per diluted share, as compared to $2.1 million, or $0.14 per diluted share, in the prior year period.

Mr. George Pan, Chairman and CEO of Highpower International, commented, "We are extremely pleased to deliver yet another quarter of strong top- and bottom-line results in the second quarter of 2017. Our lithium ion battery and battery solution business continued to enjoy healthy growth, driven by continued high demand for energy storage systems, smart wearable devices, and other digital products. Our gross margins performed well as we continued to benefit from efficiencies of scale, and we continued to invest in areas that are critical to our business.

As we enter the second half of 2017, we expect a stronger cash position and reasonable growth given our much higher baseline. We believe that the cash received from the previously announced equity transfer of our Yipeng ownership will help us expand our production capacity and research and development efforts. We also look forward to seeing the financial benefits of the previously announced partnerships for supplying batteries to industry-leading smart vacuum brands as well as supplying PHEV and EV to Yipeng. We will continue to drive our business forward by focusing on strategic partnerships. We are well-positioned to take advantage of strong growth opportunities and expand current partnerships with leading brands."

Second Quarter and First Half 2017 Financial Results

Net Sales

Net sales for the second quarter of 2017 increased by 40.7% to $51.7 million from $36.7 million in the prior year period, primarily attributable to the substantial growth in revenue from the Lithium and New Materials segments, driven by increased demand in consumer products including portable power stations, digital products, smart wearable devices, and notebooks.

Net sales increased 42.1% to $93.6 million in the first half of 2017 as compared to $65.8 million for the first half in 2016. The increase was driven by higher sales volume and revenue from the Lithium and New Materials segments.

Gross Profit

Gross profit for the second quarter of 2017 increased by 57.9% to $12.1 million from $7.6 million in the prior year period, primarily attributable to a higher margin product mix and efficiencies gained from economies of scale. Gross margin for the second quarter of 2017 increased to 23.3% from 20.8% in the prior year period.

Gross profit for the first half of 2017 increased 62.8% to $22.0 million from $13.5 million in prior year period. Gross margin was 23.5% and 20.5% for first half 2017 and 2016, respectively.

Operating Expenses

-- Research and development (R&D) expenses for the second quarter of 2017 were $2.1 million as compared to $2.0 million in the prior year period. Research and development expenses were $4.0 million, or 4.2% of net sales, for the first half of 2017 as compared to $3.7 million, or 5.6% of net sales, for the first half of 2016.

-- Selling and distribution expenses for the second quarter of 2017 were $1.7 million as compared to $1.5 million in the prior year period. As a percentage of net sales, selling and distribution expenses decreased to 3.3% from 4.2% in the prior year period, primarily attributable to the Company's customer base optimization efforts. Selling and distribution expenses were $3.4 million, or 3.6% of net sales, for the first half of 2017 as compared with $3.1 million, or 4.7% of net sales, for the first half of 2016.

-- General and administrative expenses for the second quarter of 2017 were $3.0 million as compared to $3.2 million in the prior year period. As a percentage of net sales, general and administrative expenses decreased to 5.8% from 8.8% in the prior year period. General and administrative expenses were $6.1 million, or 6.5% of net sales, for the first half of 2017 as compared with $6.3 million, or 9.6% of net sales, for the six months ended June 30, 2016.

Net Income

Net income attributable to the Company for the second quarter of 2017 increased to $4.4 million from $2.1 million in the prior year period. Net income attributable to the Company per diluted share for the second quarter of 2017 increased to $0.28 from $0.14 in the prior year period.

For the quarter ended June 30, 2017 and 2016, the Company's weighted average diluted shares outstanding used in computing diluted share was 15,479,357 and 15,102,877, respectively.

Net income attributable to the Company for the first half of 2017 increased to $6.9 million from $1.7 million in the prior year period. Net income attributable to the Company per diluted share for the first half of 2017 increased to $0.45 from $0.11 in the prior year period.

For the six months ended June 30, 2017 and 2016, the Company's weighted average diluted shares outstanding used in computing diluted share was 15,304,773 and 15,103,886, respectively.

EBITDA

EBITDA for the second quarter of 2017 increased by 67.1% to $6.5 million from $3.9 million in the prior year period. EBITDA for the first half of 2017 increased by 124.9% to $11.5 million from $5.1 million in the prior year period.

A table reconciling EBITDA, a non-GAAP financial measure, to the appropriate GAAP measure is included with the Company's financial information below.

Balance Sheet Highlights
($ in millions, except per share data) June 30, December 31,
2017 2016
(Unaudited)
$ $
Cash $19.3 $9.3
Total Current Assets $126.0 $104.5
Total Assets $188.2 $163.3
Total Current Liabilities $133.6 $118.0
Total Liabilities $133.6 $118.0
Total Equity $54.5 $45.3
Total Liabilities and Equity $188.2 $163.3
Book Value Per Share $3.55 $3.00
Ganzhou Highpower

Shenzhen Highpower Technology Co., Ltd ("Shenzhen Highpower"), Xiamen Tungsten Co. Ltd. (SHA: 600549) ("Tungsten"), and other minority shareholders of Ganzhou Highpower Technology Co., Ltd. ("Ganzhou Highpower") have been in discussions regarding, and Tungsten recently announced that its board of directors has approved, a proposed investment of RMB 78.8 million (or approximately $11.8 million) in exchange for the acquisition of 47% ownership of Ganzhou Highpower, the Company's majority-owned subsidiary. Shenzhen Highpower would not be transferring any of its equity ownership of Ganzhou Highpower and it would not receive any of the consideration, which would be given directly to Ganzhou Highpower. The proposed transaction is subject to approval by Highpower's board of directors and execution of a definitive binding agreement and related documentation, satisfaction of conditions included therein, and other customary approvals and conditions. As a result of this transaction, if consummated, Shenzhen Highpower's ownership of Ganzhou Highpower would decrease from 70% to 31.3%. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. Further, readers are cautioned that the terms of the proposed transaction described herein, including the consideration to be issued therein, are non-binding.

Conference Call Details

The Company will hold a conference call on Thursday, Aug 10, 2017 at 10:00 am Eastern Time or 10:00 pm Beijing Time to discuss the financial results. Participants may access the call by dialing the following numbers:

United States: 877-407-3108
International: 201-493-6797

Tomorrow should rock. Long 10000

This one will sail over tomorrow and following days. Happy trading in the horizon for this one

This one do no needs any flags other than a white flag by North Korea. its in a bull industry growing to accelerated rates. There is possibility that stock gets affected by current situation even as been a defense contractor you will expect interest to surge also remember some around 50000 north korea employees works overseas mostly sure in China. Anyway to be short earnings risk in the rise can send this one into double digits in short term

HPJ buy 4.60

bullish gap up over moving average catches buyers attention
bull flag breakout
good volume confirmation
hidden bullish divergence
inverted head and shoulders bottom
parabolic sar flip bullish
stochastics %k crossed above %d
bband squeeze releasing as sharp move upwards begins
stochastics moving out of oversold area










normal chart




log chart

As expected the short figure went up to 43,900. The higher we go I expect that figure to go up. With a low float this strategy was successful the last 2 years. The q1 for 2017 report is just 7 weeks away and we will compare to 3 cents loss and a weak 29.1 mill in revenues.

As expected the short figure went up to 43,900. The higher we go I expect that figure to go up. With a low float this strategy was successful the last 2 years. The q1 for 2017 report is just 7 weeks away and we will compare to 3 cents loss and a weak 29.1 mill in revenues.

I researched the customer list of HPJ and this is what I found out:
1- Everybody knows Sony, Samsung, Panasonic and HP. I did not know the below companies
2- Varta: sells mostly batteries for their products
3- Goalzero: Portable power and a lot of accessories that need batteries
4- Polar: Accessories for fitness that need batteries
5- Yutong: EV batteries for municipal and school buses
6- DJI: Drones. I think we sell the batteries for their remote.

32.34k is the new short figure. I suspect that figure will be much higher in a month. But we could run for a couple of more months and the shorts this time could get burned. They owned us in the last 2 years. With 2 excellent reports in a row and the next 2 will compare to 1 cent and 3 cents loss in q1 and q2 of 2016 we could go to 55 cents EPS and 5 dollars stock within 4-5 months.

Check out the new investor presentation and the customer page.

http://content.equisolve.net/highpowertech/media/b9ccd22693f4b777d90fe09508529a9b.pdf

Hpj is a chinese company and it has been inconsistent. Even with the unaudited result Hpj margin went back down to 20% gross margin compared to 25% in the 3rd quarter. So we will not be at .45 EPS. Either .41 or .42 cents. So a PE of 8 gives us 3.30 stock price. We had 2 quarters in a row at about 108 million in revenue. The first quarter of 2017 will compare to 1 cent loss in 2016 q1. If we do about 44 millions in revenue in q1 2017 we could be looking at a 200 million revenue for the year with about .55 cents
EPS times a PE of 8 and we are looking at 4.50 stock price.

Why are we at PE of 8 when the average of all sectors is currently over 100. http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html
I guess I am old fashioned. This company has increasing revenue, increasing gross and net profit and doesn't appear to be mortgaging the farm to get it.

With today's announcement I think EPS will be over 45 cents per share. Assuming a P.E. of 8 to 10 we are looking at a stock price range of 3.80 to 4.50...I believe Mutual funds and Institutions will pour money in our baby. If we keep this momentum and first quarter of 2017 will compare with a 1 cent loss for 2016 we could be over 5 dollars per share in 10 weeks. Any comment?

37,430 is the new short figure as of 2/15/17. Usually a stock appreciates when a company presents at the Roth conference. As everyone would have guessed by now the Anshan offer did not happen and your guess is as good as mine to why it did not go thru. We just had the best quarter in HPJ history in sales and gross margin figures and Fidelity is predicting (I do not know how) for 16 cents in q4. This would put us at around .45 trailing. With a p.e. of 8 (same as now) we would be at 3.60. stock price. Any comment?

Surprised that short interest went up to 56600.

As expected the short interest went back down to 23.54k for HPJ. I think the shorts covering prevented us from breaking 2 dollars 2 WEEKS AGO.
Someone does not want HPJ to close below 2.30. Recently there was some buying the last seconds before the close. Today 100 shares traded at 2.30 before the close. Seven more weeks before the Financials.

Short interest went up slightly to some 35k. Today we had a low of 2.05 and a high of 2.35 and this week we almost broke below 2. Still waiting for some good news about the Anshan deal before the financial report some 8 weeks from now. Who said HPJ was dead money?

Short interest is way down to some 27k. We did not make the Anshan deal yet but I hope we can build on two good development that happened last year. First the 9 million dollars investment in the EV manufacturer which should return close to 4 million dollars in 8 months. I hope they will consolidate them in their financials at EOY. They did not consolidate the 2 million dollars plus in the 3rd quarter figure. Second we had a fantastic 3rd quarter in sales and gross margin. If we have a decent 4th quarter we could be btw 40 and 50 cents EPS. We have been trading close to 7 p.e. lately and that would put us north of 2.80 easily. GLA.

48752 is the new short figure. Today was an unusual high volume. My guess is we will see an announcement soon from HPJ regarding the 78 millions investment deal. I am also excited about the investment they made in the EV batteries company. We just had a fantastic quarter in Q3. Maybe MF or institutions bought today because of it but my guess is it is the Anshan deal. I am also reminded that q4 2015 was very weak and HPJ lost 1 penny which means we will compare q4 2016 with a very weak q4 2015. In the last financial report the Work in Progress amount was over 2 millions compared to the WIP in q3 2015. If we have a decent q4 2016 we could be at EPS of 45 cents or more and we might get a higher multiple than 10 which is what we have been trading at recently. GLTA.

On August 10th HPJ invested about 9 millions into Huizhou Yipen. Who knows how that will affect Q3. Soon we will know if they will add another 8 millions to own 51% of Huizhou Yipen. Also 10 more days until the earning report. GLTA.

Short figure went down some 32k to 71,867 as of September 30TH. Since HPJ went down the first 2 weeks of October, my guess is the short figure will be up as of 10/15/2016. About 2 more weeks HPJ should close their 17 million dollars deal and a week later we will have the CC followed by hopefully the Anshan 80 million dollars deal 2 weeks later. So, hang on to your hats.

Today we closed at 2.83 which is exactly the equity per share as of June 30 2016. If Anshan exercises their 90 day option to invest 80 millions in HPJ the equity per share will go higher. That option will expire at the end of November.

Short interest went up some 40k to 101k as of 9/15/16. On a very good market day we had 201k volume on Friday and mostly all selling. Not sure if there was more short selling or end of quarter adjustment by the big boys. In 5 weeks we should have the earnings and a completion of 2 deals news. GLTA.

Looking good

Well, when the deal goes thru, we will have dilution and I am not clear by how much. Machinery will have to be ordered, installed, calibrated and people will have to be hired gradually and trained to ensure quality. We will see a drop in EPS because of dilution temporarily with a high PE. Then we have to get long term BIG contracts to get these new machines humming. Execution will take some time. I have no doubt that we will reach capacity of 500 millions in sales within 2-3 years. What do you guys think?

Looking into the future of battery energy and china's move to buy up majority positions I value my share at 5$.

I bought in today... Lets see

I think we will have a big bounce off 2.75

Called it. Lol

Well, we did go thru 2.50. I sincerely doubt we will be at 3 by end of week. A lot of people paid between 2.45 at 2.65 when the DJI news hit.
If we do another 100k+ shares for a week or so then there is a chance we will stay above 2.50. Is something cooking with the finance? or a M.F. or an institution buying?

I think we will go right through 2.50 and might see it touch 3.00 by weeks end. All signs point 2 a breakout soon. Imo. We will see.

74,225 was the new short figure on 07/29. We are due for a new figure soon. Frankly I would think the short figures would go up a little. We are now at the same stock price level before the Q2 results and I think we will drift lower because the financing is still up in the air. Hpj thinks that investing about 17 millions into another company EV business will help the bottom line. We will have to wait until next year for that. The PSS impact should show a small impact in Q3 as I think they missed the camping outdoor season. I hope to go to Palo Alto in September and see the product at Fryes and I will report if I find it.

This morning the highest bid was 2 dol for 1400 shares, so I thought we will break 2.00. Then volume came. I would say that about 1/2 the volume that traded on the DJI announcement sold at a loss under 2.30 all the way to 1.75. So, maybe we just need to go thru 2 million shares to break 2.50. Honestly it all depends on what HPJ will say on the financing. Some people will sell before the earnings not wanting to take the risk of hearing bad news. On a side note, China just had the slowest quarter growth in the last 25 years.

I think we will be heading over $2.50 given positive news momentum, but to go over $5 we will need financing and/or positive Wall St. coverage. I would say a huge contract, but we can't have a huge contract without the financing which will open up the money to build out capacity.

Very ambitious thoughts. I do not share your enthusiasm unless we get the financing. A mountain of shares were bought between 2.30 and 2.60 and it will take millions of shares to go thru them. That is one of the reasons we did not breach 2.30 recently. Good luck.

Next week will be a big week. Imo we will see 2.50 soon and a push to 5.00 by the end of the quarter.

92,909 is the new short figure, down over 70k as of 07/15 in just 2 weeks. Some mf/institutions added .02% in this quarter and some shorts panicked and covered. About 2 more weeks until the CC. I expect a good report based on the drone order. However any major news will trump the earnings good or bad. I see a 50% up on good news on the financing, ESS deal or 30% down on no financing. Good luck to all.

I am interested to hear from other investors what they think about no ESS yet and no progress on the Financing.

163+k is the new short figure. No wonder we had trouble going over 2 dollars. Surprised about this.

I was wrong. The short figure as of 06/15 was down more than 40k. Weird action today pre market traded at high of 2.25 and after market we are up 5 cents to 1.94. I think news is imminent.

As of 06/15 the short figure came down about 20k and I am guessing some more covered last Friday and Monday. This is the longest time HPJ have been under 2 dollars. Sustained news or a pretty good report in 5 weeks will get us to 2.50

We will see a big run north soon imo.
I think we could see 2.50 by the end of the quarter. Short interest is due soon.

Just bought 233 at 1.7999 and I am also waiting for the ESS PR. We probably can go to 2.35 - 2.45 if we get that PR. I will then unload about 1k that were bought in the last 3 months under 1.90 to buy more around 2 on a pull back. Guessing now that the ESS deal will affect q3 and not q2.

I just listened to the CC again. AT ABOUT 20:55 in the CC, the answer was clearly "in July" because it takes about a month to ship. According to you Martik, some sales was guaranteed. So I expect some revenues from it in Q2 PLUS DJI'S. The ESS PR is needed to jump start the volume again and we could see a 20% spike from here. If consumers like the product then we could have a steady stream if the distributor reorders. I hope to be able to see the product in North California.

ESS shows up in June in U.S. stores, not July.

I just listened to the webcast. Very disappointed to hear the Anshan deal is still in the "evaluating stage". About "DJI" : As with any new customer we do an initial shipment and we HOPE that the relationship will continue.
I remember last year they shipped to Costco batteries and that relationship stopped. I HOPE it will continue with DJI. HPJ intends to ship ESS by month end and a PR will follow. Even though the product will not show up until July in the U.S. some guaranteed sales (according to Martik) will occur in JUNE. Looking at the financials the receivables went up by some 700k. Liabilities went down by 5.7 millions. The equity per share went down by a penny and the stock price is 1 dollar lower to 1.82.
I see a spike in the stock price when the ESS pr is released but until we see significant revenue increase in August report we will linger in the low 2's.