Highpower International, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net sales of USD 41,866,848 compared to USD 29,097,055 a year ago. Income from operations was USD 3,110,151 compared to loss from operations of USD 441,030 a year ago. Profit before taxes was USD 3,200,307 compared to loss before taxes of USD 440,625 a year ago. Net income attributable to the company was USD 2,535,649 compared to net loss attributable to the company of USD 342,608 a year ago. Basic and diluted earnings per share was USD 0.17 compared to basic and diluted loss per share of USD 0.02 a year ago. EBITDA was USD 5,001,065 compared to USD 1,224,267 a year ago. Net sales for the first quarter of 2017 increased by 43.9%, primarily attributable to increased revenue contribution from lithium batteries as a result of the increased battery sales into markets for smart wearable devices, digital products, and handheld devices such as smart phones, tablets, and notebooks. Book value per share was USD 3.17 as on March 31, 2017.