Highpower International, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. Net sales for the third quarter ended September 30, 2016 increased 44.2% to $54.1 million from $37.6 million in the same period in 2015. The increase was primarily due to a $17.6 million increase in net sales of lithium batteries. For the third quarter of 2016, net income attributable to the company was $2.7 million, or $0.18 per diluted share based on 15.1 million weighted average diluted shares outstanding, compared to net income of $1.9 million, or $0.13 per diluted share based on 15.1 million weighted average diluted shares outstanding. Non-GAAP net income attributable to the company was $2.7 million, or $0.18 per diluted share, compared to a non-GAAP net income attributable to the company of $1.6 million, or $0.10 per diluted share, in the prior year period. EBITDA for the third quarter ended September 30, 2016 was $5.0 million, compared to $4.0 million in the prior year period. Income from operations was $2,947,016 compared to $1,703,230 a year ago. Income before taxes was $3,319,177 compared to $2,122,124 a year ago. Non-GAAP Adjusted EBITDA was $5,060,371 compared to $3,576,335 a year ago. Net sales for the nine months ended September 30, 2016 were $120.0 million, compared to $108.3 million for the same prior year period. This 10.7% increase was due to a $17.7 million increase in net sales of the lithium batteries compared to same period in 2015. For the nine months ended September 30, 2016, net income attributable to the company was $4.4 million, or $0.29 per diluted share based on 15.1 million weighted average diluted shares outstanding, compared to net income of $3.7 million, or $0.24 per diluted share based on 15.4 million weighted average diluted shares outstanding . Non-GAAP net income attributable to the company was $4.5 million, or $0.3 per diluted share, compared to a non-GAAP net income attributable to the company of $3.3 million, or $0.21 per diluted share, in the prior year period. For the nine months ended September 30, 2016, EBITDA was $10.1 million, compared to $8.7 million, in the prior year period. Income from operations was $3,925,790 compared to $2,750,136 a year ago. Income before taxes was $4,925,978 compared to $3,643,191 a year ago. Net cash flows provided by operating activities was $7,177,299 compared to net cash flows used in operating activities of $6,129,146 a year ago. Acquisitions of plant and equipment were $8,474,440 compared to $7,250,757 a year ago. Non-GAAP Adjusted EBITDA was $10,255,375 compared to $8,304,670 a year ago.