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| Overview | News | Financials | People | Insider Trades | Compensation | Holdings | Ownership | Corporate Family |
ITEM 1. BUSINESS With respect to this discussion, the terms, â€Åwe,†â€Åus,†or â€Åour†refer to Hong Kong Highpower Technology, Inc., and our 100%-owned subsidiary Hong Kong Highpower Technology Company Limited (â€ÅHKHTâ€) and its wholly-owned subsidiaries Shenzhen Highpower Technology Co., Ltd. (â€ÅShenzhen Highpowerâ€), HZ Highpower Technology Co., Ltd. (â€ÅHZ Highpowerâ€) and Springpower Technology (Shenzhen) Company Limited (formerly named Sure Power Technology (Shenzhen)
ITEM 1. BUSINESS With respect to this discussion, the terms, â€Åwe,†â€Åus,†or â€Åour†refer to Hong Kong Highpower Technology, Inc., and our 100%-owned subsidiary Hong Kong Highpower Technology Company Limited (â€ÅHKHTâ€) and its wholly-owned subsidiaries Shenzhen Highpower Technology Co., Ltd. (â€ÅShenzhen Highpowerâ€), HZ Highpower Technology Co., Ltd. (â€ÅHZ Highpowerâ€) and Springpower Technology (Shenzhen) Company Limited (formerly named Sure Power Technology (Shenzhen) Co., Ltd.) (â€ÅSpringpowerâ€). Corporate Information We were incorporated in the state of Delaware on January 3, 2006. We were originally organized as a â€Åblank check†shell company to investigate and acquire a target company or business seeking the perceived advantages of being a publicly held corporation. On November 2, 2007, we closed a share exchange transaction, pursuant to which we (i) became the 100% parent of HKHT and its wholly-owned subsidiary, Shenzhen Highpower, (ii) assumed the operations
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| Income (in thousands of USD) |
3 months ending 2009-12-31 00:00:00 |
12 months ending 2009-12-31 00:00:00 |
| Revenue | 22,519 | 70,331 |
| Net Income | 638 | 4,443 |
| Balance Sheet (in thousands of USD) | ||
| Current Assets | 36,939 | 36,939 |
| Total Assets | 51,146 | 51,146 |
| Current Liabilities | 29,977 | 29,977 |
| Total Liabilities | 29,977 | 29,977 |
| Total Shareholders Equity | 21,169 | 21,169 |
| Cash Flow (in thousands of USD) | ||
| Cash from Operating Activity | -10,645 | 3,262 |
| Cash from Investing Activity | -956 | -3,714 |
| Cash from Financing Activity | 7,351 | -778 |
| Change in Cash | -4,236 | -1,209 |
| Key Stats |
3 months ending 2009-12-31 00:00:00 |
Trailing 12 Months |
| Gross Profit Margin | 19.27% | 21.37% |
| Net Profit Margin | 2.83% | 6.32% |
| Return on Assets | 1.25% | 8.69% |
| Return on Equity | 3.01% | 20.99% |
| Return on Invested Capital | -- | -- |
