- Notification that Quarterly Report will be submitted late (NT 10-Q)
August 15 2012 - 1:37PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 001-34098
CUSIP NUMBER: 43113X 101
(Check One):
Form 10-K
¨
Form 20-F
¨
Form 11-K
¨
Form 10-Q
x
Form 10-D
¨
Form N-SAR
¨
Form N-CSR
¨
For Period Ended:
June 30, 2012
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¨
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Transition Report on Form 10-K
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¨
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Transition Report on Form 20-F
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¨
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Transition Report on Form 11-K
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¨
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Transition Report on Form 10-Q
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¨
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Transition Report on Form N-SAR
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For the Transition Period Ended: ___________________
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked
above, identify the item(s) to which the notification relates:
PART I -- REGISTRANT INFORMATION
Highpower International, Inc.
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Full Name of Registrant
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N/A
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Former Name if Applicable:
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Building A1, Luoshan Industrial Zone, Shanxia, Pinghu, Longgang,
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Address of Principal Executive Office (Street and Number)
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Shenzhen, Guangdong, 518111, People’s Republic of China
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City, State and Zip Code
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PART II -- RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if
appropriate)
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(a)
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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x
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(b)
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The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-K, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(c)
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The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART III -- NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K,
10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Highpower International,
Inc
. (the “Company”) was unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2012
within the prescribed time period without unreasonable effort and expense because it requires additional time to finalize the financial
statements and other disclosures required to be included in the 10-Q filing.
The Company will file its
Quarterly
Report on Form 10-Q as soon as possible, and in any event no later than the fifth calendar
day following the prescribed due date for such report
.
PART IV-- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard
to this notification
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Henry
Sun
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0086
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755-89686292
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(Name)
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(Area Code)
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(Telephone Number)
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(2) Have all other periodic reports required under Section 13
or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months
or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
Yes
x
No
¨
(3) Is it anticipated that any significant change in results
of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included
in the subject report or portion thereof? Yes
x
No
¨
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
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--
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Net sales for the three months ended June 30, 2012 were $29.4 million, a 1% decrease from net sales of $29.7 million for the three months ended June 30, 2011
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--
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Gross profit margin for the three months ended June 30, 2012 was 20.5% as compared with 16.0% for the three months ended June 30, 2011
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Net income attributable to Highpower International (exclusive of loss attributable to non-controlling interest) for the three months ended June 30, 2012 was $0.5 million, or $0.04 per diluted share, as compared to net income attributable to Highpower International (exclusive of loss attributable to non-controlling interest) of $0.4 million, or $0.03 per diluted share, for the comparable period in 2011
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--
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Net sales for the six months ended June 30, 2012 were $50.0 million, an 11.8% decrease from net sales of $56.7 million for the six months ended June 30, 2011
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Gross profit margin for the six months ended June 30, 2012 was 19.4% as compared with 15.5% for the six months ended June 30, 2011
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Net income attributable to Highpower International (exclusive of loss attributable to non-controlling interest) for the six months ended June 30, 2012 was $0.5 million, or $0.04 per diluted share, as compared to net income attributable to Highpower International (exclusive of loss attributable to non-controlling interest) of $33,743 million, or $0.00 per diluted share, for the comparable period in 2011.
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Highpower International, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: August 14, 2012
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By:
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/s/ Henry Sun
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Name:
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Henry Sun
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Title:
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Chief Financial Officer
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INSTRUCTION: The form may be signed by an executive officer
of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed
or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other
than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed
with the form.
ATTENTION
Intentional misinformation or omissions
of fact
constitute Federal Criminal Violations
(See 18 U.S.C. 1001).
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