Highpower International Announces Q4 and 2012 Fiscal Year Financial Results

Highpower International Inc (NASDAQ:HPJ), a developer and manufacturer of nickel metal hydride solutions, has announced the release of its financial results for the fourth quarter and 2012 fiscal year. According to the company, its total net sales amounted to $112.6M for the 2012 fiscal year and $30.8M for the fourth quarter ended December 31, 2012.

As quoted in the press release:

At December 31, 2012, Highpower International had cash, cash equivalents and restricted cash totaling $34.3 million, total assets of $120.4 million, and stockholders’ equity of $31.2 million. Total debt was $54.6 million at December 31, 2012. Bank credit facilities totaled $69.2 million, of which $34.7 million was available at the end of the year.

Click here to read the full Highpower International Inc (NASDAQ:HPJ) press release.