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Highway Holdings Limited

Highway Holdings Limited (HIHO)

2.18
0.09
(4.31%)
Closed July 18 4:00PM
2.18
0.00
( 0.00% )
Pre Market: 7:57AM

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
2.18
Bid
2.10
Ask
2.20
Volume
280
0.00 Day's Range 0.00
1.85 52 Week Range 2.36
Market Cap
Previous Close
2.18
Open
-
Last Trade
5
@
2.11
Last Trade Time
08:03:56
Financial Volume
-
VWAP
-
Average Volume (3m)
4,541
Shares Outstanding
4,040,000
Dividend Yield
9.17%
PE Ratio
-29.95
Earnings Per Share (EPS)
-0.07
Revenue
10.24M
Net Profit
-294k

About Highway Holdings Limited

Highway Holdings Ltd is a holding company. The company is a manufacturer of metal, plastic, electric and electronic components for original equipment manufacturers (OEM) and contract manufacturers. Its operating segment includes Metal stamping and mechanical OEM and Electric OEM. Metal stamping segm... Highway Holdings Ltd is a holding company. The company is a manufacturer of metal, plastic, electric and electronic components for original equipment manufacturers (OEM) and contract manufacturers. Its operating segment includes Metal stamping and mechanical OEM and Electric OEM. Metal stamping segment focuses on manufacturing and sale of metal parts and components. The company generates maximum revenue from the Metal stamping and mechanical OEM segment. Geographically, it derives a majority of revenue from Europe and also has a presence in Hong Kong and China, North America, and Other Asian countries. Show more

Sector
Misc Fabricated Metal Prods
Industry
Misc Fabricated Metal Prods
Headquarters
Hong Kong, Hkg
Founded
1970
Highway Holdings Limited is listed in the Misc Fabricated Metal Prods sector of the NASDAQ with ticker HIHO. The last closing price for Highway was $2.18. Over the last year, Highway shares have traded in a share price range of $ 1.85 to $ 2.36.

Highway currently has 4,040,000 shares outstanding. The market capitalization of Highway is $8.81 million. Highway has a price to earnings ratio (PE ratio) of -29.95.

HIHO Latest News

HIGHWAY HOLDINGS REPORTS FISCAL FOURTH QUARTER AND FULL YEAR 2024 RESULTS

HIGHWAY HOLDINGS REPORTS FISCAL FOURTH QUARTER AND FULL YEAR 2024 RESULTS PR Newswire HONG KONG, July 19, 2024 HONG KONG, July 19, 2024 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO...

HIGHWAY HOLDINGS RESTATES UNAUDITED FINANCIAL STATEMENTS FOR 3 AND 9 MONTHS ENDED DECEMBER 31, 2023 RESULTING IN HIGHER NET INCOME FOR BOTH PERIODS

HIGHWAY HOLDINGS RESTATES UNAUDITED FINANCIAL STATEMENTS FOR 3 AND 9 MONTHS ENDED DECEMBER 31, 2023 RESULTING IN HIGHER NET INCOME FOR BOTH PERIODS PR Newswire HONG KONG, July 12, 2024 HONG KONG...

Highway Holdings Declares $0.05 Cash Dividend per Share; Company Sets Dividend Record and Distribution Dates

Highway Holdings Declares $0.05 Cash Dividend per Share; Company Sets Dividend Record and Distribution Dates PR Newswire HONG KONG, April 2, 2024 HONG KONG, April 2, 2024 /PRNewswire/ -- Highway...

HIGHWAY HOLDINGS REPORTS FISCAL 2024 THIRD QUARTER AND NINE MONTH RESULTS; THIRD QUARTER SALES INCREASE 60% YEAR OVER YEAR

HIGHWAY HOLDINGS REPORTS FISCAL 2024 THIRD QUARTER AND NINE MONTH RESULTS; THIRD QUARTER SALES INCREASE 60% YEAR OVER YEAR PR Newswire HONG KONG, Feb. 1, 2024 HONG KONG, Feb. 1, 2024 /PRNewswire/...

HIGHWAY HOLDINGS SIGNS NON-BINDING LETTER OF INTENT TO ACQUIRE MAJORITY OF SYNOVA METALL- UND KUNSTOFFTECHNIK GMBH

HIGHWAY HOLDINGS SIGNS NON-BINDING LETTER OF INTENT TO ACQUIRE MAJORITY OF SYNOVA METALL- UND KUNSTOFFTECHNIK GMBH PR Newswire HONG KONG, Dec. 11, 2023 HONG KONG, Dec. 11, 2023 /PRNewswire/...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.094.306220095692.092.252.06173762.15608027CS
40.125.825242718452.062.252.0569862.13233089CS
120.157.389162561582.032.34245412.12148629CS
260.136.341463414632.052.361.9658372.09012691CS
520.136.341463414632.052.361.8577812.03915687CS
156-1.72-44.10256410263.95.01991.71247302.88415589CS
2600.031.395348837212.157.51.55447823.40600757CS

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HIHO Discussion

View Posts
MAKESOME79 MAKESOME79 3 years ago
$Highway Holdings This is a solid stock. If this gives a Dividend this will rise. This is not a bull trap. FYI
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stock1ace1 stock1ace1 3 years ago
** Bullish valuation report out friday 1/29/21 earnings coming !!

~> https://postimg.cc/cK8X27jd

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stock1ace1 stock1ace1 3 years ago
$4.48 ~ nice consolidation today 3 mill o/s
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stock1ace1 stock1ace1 3 years ago
Earnings Watch hiho $4.43
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ClayTrader ClayTrader 4 years ago
* * $HIHO Video Chart 08-03-2020 * *

Link to Video - click here to watch the technical chart video

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Arnold25764 Arnold25764 5 years ago
Anyone confirm no r/s here?
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d8catman d8catman 9 years ago
Nice news! Ill take that divi!
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d8catman d8catman 9 years ago
Bid / Ask spread closing up. Back up, something going to pop here.
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d8catman d8catman 9 years ago
Wooo doggy 430!
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Grand2000 Grand2000 9 years ago
Wow I expected this to fall back today
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d8catman d8catman 9 years ago
Huge spread! Yikes..
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d8catman d8catman 9 years ago
I really was just playing the 3 month chart on this. Took my first position in the 3.30s doubled down today on 3.68. Very happy with this movement. I too was happy with divies. Just parked some money based on that possibility.
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Grand2000 Grand2000 9 years ago
anyone else think this was a short cover
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Grand2000 Grand2000 9 years ago
holy man I was ready to take the dividend but this unexpected run was welcome.
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d8catman d8catman 9 years ago
Wow! Nice moves
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d8catman d8catman 9 years ago
Doubled up at 3.68 this morning!
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Shaka_Zulu Shaka_Zulu 9 years ago
Yep!!
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d8catman d8catman 9 years ago
4.11 on deck!
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d8catman d8catman 9 years ago
Come on 3.97!
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d8catman d8catman 9 years ago
This is making consistent moves up over 3 month chart. Took first position at 3.33. Slow and steady climber.
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d8catman d8catman 9 years ago
Time ti take another look at hiho chart. Great movement over past 3 weeks and 3 month chart. Slow and steady gains.
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d8catman d8catman 9 years ago
Just came across HIHO today when i was searching for a low price dividend stock. Just took a small first position. Will buy more over next few weeks. Good looking chart as well.
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Shaka_Zulu Shaka_Zulu 10 years ago
Double top breakout underway. bullish price objective 3.57...

Looks great.
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TheFinalCD TheFinalCD 11 years ago
$3-$5.08 today= HUGE!!
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TheFinalCD TheFinalCD 11 years ago

Highway Holdings Receives OEM Tooling Order for Plastic Components From Leading U.S. Printer Company





Highway Holdings Limited (MM) (NASDAQ:HIHO)
Intraday Stock Chart

Today : Monday 9 December 2013
Click Here for more Highway Holdings Limited (MM) Charts.

Highway Holdings Limited (Nasdaq:HIHO) today announced it has received three tooling orders designed to produce plastic components for printers offered by a leading U.S. printer company.

"This new additional business represents an expansion of an OEM relationship that has evolved since 2007. We are gratified by the confidence of our customer in the company's quality and capabilities and look forward to further opportunities to expand our valued-relationship," said Roland Kohl, president and chief executive officer of Highway Holdings.

Kohl noted that the commencement of plastic component production represents a significant strategic opportunity to expand the relationship with this prestigious customer, which to date has only utilized Highway Holdings' metal component manufacturing services. "We are now well-positioned to leverage our established metal parts supplier relationship to expand and become a leading plastic parts supplier for this customer in the near future. This is particularly significant since the plastic components business is much larger than metal components and the opportunities for future growth much greater," Kohl said.

About Highway Holdings

Highway Holdings produces a wide variety of high-quality products for blue chip original equipment manufacturers -- from simple parts and components to sub-assemblies and finished products. Highway Holdings' administrative offices are located in Hong Kong, and its manufacturing facilities are located in Shenzhen in the People's Republic of China.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission, including without limitation, the company's annual reports on Form 20-F.
CONTACT: Gary S. Maier
Maier & Company, Inc.
(310) 471-1288

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buster081984 buster081984 12 years ago
This stock looks pretty good for both long and short play
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johnsyn johnsyn 12 years ago
Highway Holdings Limited Declares Second Cash Dividend

Highway Holdings Limited (MM) (NASDAQ:HIHO)


Today : Monday 13 August 2012

Highway Holdings Limited (Nasdaq:HIHO) today announced its board of directors has declared a cash dividend of $0.03 per share on the company's common stock. The dividend will be paid on October 10, 2012 to shareholders of record on September 1, 2012.

In July the company declared a cash dividend payable on September 10, 2012 to shareholders of record on August 1, 2012.

About Highway Holdings

Highway Holdings produces a wide variety of high-quality products for blue chip original equipment manufacturers -- from simple parts and components to sub-assemblies and finished products. Highway Holdings' administrative offices are located in Hong Kong, and its manufacturing facilities are located in Shenzhen in the People's Republic of China.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission, including without limitation, the company's annual reports on Form 20-F.

CONTACT: Gary S. Maier
Maier & Company, Inc.
(310) 442-9852
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johnsyn johnsyn 12 years ago
Yep, a whole 3 cents before foreign taxes taken out: Highway Holdings Limited Declares Cash Dividend
Today : Wednesday 18 July 2012

Highway Holdings Limited (Nasdaq:HIHO) today announced its board of directors has declared a cash dividend of $0.03 per share on the company's common stock. The dividend will be paid on September 10, 2012 to shareholders of record on August 1, 2012
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johnsyn johnsyn 12 years ago
finances look better and they have declared a dividend, much smaller, but it's back
Selected Consolidated Financial Information
(In thousands, except for per share data):
2008 2009 2010 2011 2012
Statement of Operations
Net sales $33,164 $33,729 $21,739 $31,147 $25,370
Gross profit 5,074 6,704 4,700 6,553 5,121
Operating (loss) income (2,277) 881 331 1,726 230
Net (loss) income attributable to
Highway Holdings Limited
shareholders
(1,921) 768 420 1,650 184
Per share amounts
Net (loss) income>basic $(0.50) $0.21 $0.11 $0.44 $0.05
Net (loss) income>diluted (0.50) 0.20 0.11 0.44 0.05
Dividend declared & paid (1) 0.035 >> 0.03 0.24 0.20
Weighted average number of
shares:
Basic 3,810 3,744 3,755 3,765 3,778
Diluted 3,810 3,774 3,758 3,777 3,788
Dividend declared (1) 132 >> 113 905 756
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Don rocco Don rocco 12 years ago
Trust I have more then enough tax writing off ... Yes I was in at 2.45 2k
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johnsyn johnsyn 12 years ago
good for you, guess you took gas on it, since it fell so far so fast, but good as a tax write-off.
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Don rocco Don rocco 12 years ago
Sold it all
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johnsyn johnsyn 12 years ago
Nope. Financials don't indicate it will happen this quarter for sure, even if the outlook mentioned today shows mfring is picking up. I started selling some of my position yesterday, whittleing it down to just a few hundred shares for long term bets.
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Don rocco Don rocco 12 years ago
Do you think there will be dividends
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johnsyn johnsyn 12 years ago
Don't blame you. It was why I bought too. Most of the dives so far have probably been the divie hopefuls bailing
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Don rocco Don rocco 12 years ago
Got to get out of this one I was in for the divies but if none are going to be given hope this does not plunge into red next week
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johnsyn johnsyn 12 years ago
I'm guessing not, though. Pretty grim last year:
"Net income for the fiscal fourth quarter was $92,000, or $0.02 per diluted share, compared with $789,000, or $0.21 per diluted share, a year earlier. Net sales for the same period were $5.9 million compared with $7.8 million a year earlier.

Net income for fiscal year 2012 was $184,000, or $0.05 per diluted share, compared with $1.65 million or $0.44 per diluted share, in fiscal 2011. Net sales for fiscal 2012 were $25.4 million compared with $31.1 million a year ago."

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johnsyn johnsyn 12 years ago
I did not see it mentioned. Sometimes companies announce divies in the next week or so following the financials, so it's not dead issue yet.
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Don rocco Don rocco 12 years ago
Are they going to pay out dividends?
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johnsyn johnsyn 12 years ago
Financials just came out yesterday. No mention of taking back up dividend payouts.
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johnsyn johnsyn 12 years ago
Highway Holdings Reports Fiscal 2012 Fourth Quarter/ Year-End Results
Fri June 29, 2012 8:00 AM | about: HIHO HONG KONG, June 29, 2012 (GLOBE NEWSWIRE) -- Highway Holdings Limited (HIHO) today reported results for the fourth quarter and fiscal year ended March 31, 2012, reflecting a modest profit despite the impact of global economic factors on sales and certain one-time charges related to its transition to a Wholly Foreign Owned Entity (WFOE) registered company structure in China.

Net income for the fiscal fourth quarter was $92,000, or $0.02 per diluted share, compared with $789,000, or $0.21 per diluted share, a year earlier. Net sales for the same period were $5.9 million compared with $7.8 million a year earlier.

Net income for fiscal year 2012 was $184,000, or $0.05 per diluted share, compared with $1.65 million or $0.44 per diluted share, in fiscal 2011. Net sales for fiscal 2012 were $25.4 million compared with $31.1 million a year ago.

"Fiscal 2012 was a challenging period for the company due, in large part, to global issues that impacted our customers and net sales. This situation was directly affected by the inflationary environment in China -- particularly higher labor costs and the significant increase in operating costs. Fortunately our financial position remains strong and the company's established customers continue their long-term relationships. In order to further improve our operating efficiency, we are in the process of shifting some of our labor intensive work, which for economic reasons cannot be automated, to a lower-cost assembly supplier arrangement outside of China as a proactive initiative," said Roland Kohl, president and chief executive officer of Highway Holdings.

Gross profit as a percentage of net sales for fiscal 2012 was 20.2 percent compared with 21 percent a year earlier, due to high labor costs and the increased cost of operating in China following the reorganization to a WFOE registered company. Ongoing cost-savings initiatives and increased utilization of automation were not sufficient to offset significant increases in worker salaries throughout Southern China. As a result of lower net sales and decreased gross margins for fiscal 2012, gross profit was $5.1 million compared with $6.5 million in fiscal 2011.

Selling, general and administrative expenses for the fourth quarter increased slightly and remained essentially unchanged for the full year compared with the same periods a year ago, despite lower sales and an overall reduction in the number of employees dedicated to selling and administration services. SG&A expenses did not decrease proportionally to lower net sales, due to certain one-time and ongoing costs related to the company's WFOE reorganization. Selling, general and administrative expense as a percentage of net sales increased to 19.3 percent in fiscal 2012 from 15.5 percent in fiscal 2011.

Operating income for the 2012 fiscal fourth quarter was $178,000 compared with $775,000 in the same period a year earlier. For the full 2012 fiscal year, operating income was $230,000 compared with $1.7 million, due to reduced sales and increased operating costs in China.

The fluctuation of the Euro/U.S. dollar exchange rates have, in the past, resulted in significant currency exchange gains and losses. For fiscal 2012, the company realized a currency exchange gain of $126,000 compared with a currency exchange loss of $7,000 a year ago. The company does not undertake any currency hedging transactions. The company does, however, have agreements with certain of its European customers that limit the risk of currency fluctuations, and the company is increasingly denominating its European sales in U.S. dollars rather than Euros.

Kohl noted that the company's balance sheet remains strong with total current assets at March 31, 2012 of $14.5 million; working capital of $10.2 million; and long-term loans, net of the current portion, of $112,000. The company's current ratio was 3.38:1 at March 31, 2012 compared with 2.70 at March 31, 2011.

Kohl highlighted the company's cash position of $1.47 per diluted share and total shareholders' equity of $12 million at March 31, 2012 compared with $12.6 million a year earlier representing approximately $3.32 per diluted share.

About Highway Holdings

Highway Holdings produces a wide variety of high-quality products for blue chip original equipment manufacturers -- from simple parts and components to sub-assemblies and finished products. Highway Holdings' administrative offices are located in Hong Kong, and its manufacturing facilities are located in Shenzhen in the People's Republic of China.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission, including without limitation, the company's annual reports on Form 20-F.

(Financial Tables Follow)

HIGHWAY HOLDINGS LIMITED AND SUBSIDIARIES
Consolidated Statement of Income
(Dollars in thousands, except per share data)


Three Months Ended Year Ended
March 31, March 31,
(Unaudited) (Audited)

2012 2011 2012 2011

Net sales $5,976 $7,862 $25,370 $31,147
Cost of sales 4,631 6,092 20,249 24,594
Gross profit 1,345 1,770 5,121 6,553
Selling, general and administrative expenses 1,167 995 4,891 4,827

Operating income 178 775 230 1,726

Non-operating items
Interest expenses (2) (17) (24) (57)
Exchange (loss) gain, net 49 62 126 (7)
Interest income 1 1 4 3
Other income (8) 14 34 86


Total non-operating income (expense) 40 60 140 25
- -
Income before income tax and non-controlling Interest 218 835 370 1,751
Income taxes credit (expense) (126) (46) (186) (123)
Net Income before non-controlling interests 92 789 184 1,628
Loss attributable to non-controlling Interests - - - 22
Net Income attributable to Highway Holdings Limited shareholders $92 $789 $184 $1,650

Net Income attributable to Highway Holdings Limited $0.02 $0.21 $0.05 $0.44
Basic $0.02 $0.21 $0.05 $0.44
Diluted

Weighted average number of shares
Basic 3,777,850 3,765,276 3,777,850 3,765,276
Diluted 3,788,302 3,777,696 3,788,302 3,776,696


HIGHWAY HOLDINGS LIMITED AND SUBSIDIARIES
Consolidated Balance Sheet
(In thousands, except per share data)

31-Mar 31-Mar
2012 2011
Current assets:
Cash and cash equivalents $5,575 $6,864
Restricted cash 643 643
Accounts receivable, net of doubtful accounts 3,724 4,797
Inventories 3,970 4,236
Amount due from an equity method investee 174 0
Prepaid expenses and other current assets 424 417
Total current assets 14,510 16,957

Property, plant and equipment, (net) 2,027 2,411
Deposit for purchase of property, plant and equipment 42 -
Investments in equity investees - 31
Total assets $16,579 $19,399

Current liabilities:
Accounts payable $2,547 $3,581
Short-term borrowings - 280
Long-term loans-current portion 262 253
Obligations under capital leases current portion 3 41
Accrual expenses and other liabilities 1,324 2,057
Income tax payable 153 71
Total current liabilities 4,289 6,283
Obligations under capital leases-net of current portion 0 3
Deferred income taxes 180 173
Long-term loans net of current portion 112 375
Total liabilities 4,581 6,834

Shareholders' equity:
Common shares, $0.01 par value 38 38
Additional paid-in capital 11,340 11,335
Retained earnings 634 1,206
Treasury shares, at cost 5,049 shares as of March 31, 2011 and 2012 (14) (14)
Total Highway Holdings Limited shareholders' equity 11,998 12,565
Non-controlling interest - -
Total Equity 11,998 12,565
Total liabilities and shareholders' equity $16,579 $19,399

CONTACT: Gary S. Maier
Maier & Company, Inc.
(310) 442-9852Source: Highway Holdings Limited 2012 GlobeNewswire, Inc.
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Don rocco Don rocco 12 years ago
When are the financials due can't believe that this is still dead like this ?
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johnsyn johnsyn 12 years ago
Not sure why they can't get their dates straight in that PR. 3rd quarter 2012???? Ended Dec 31st????
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johnsyn johnsyn 12 years ago
Highway Holdings Reports (DISAPPOINTING) Fiscal 2012 Third Quarter Results
Highway Holdings Limited (MM) (NASDAQ:HIHO)
Today : Wednesday 15 February 2012

Highway Holdings Limited (Nasdaq:HIHO) today reported results for its fiscal third quarter ended December 31, 2011.

Net income for the fiscal 2012 third quarter was $75,000, or $0.02 per diluted share, compared with $407,000, or $0.11 per diluted share, in the third quarter a year earlier. Net sales for the same period were $7.3 million compared with $9.0 million a year ago.

Net income for the nine-month period of fiscal 2012 was $92,000, or $0.02 per diluted share, compared with $861,000, or $0.23 per diluted share, a year earlier. Net sales for the nine months were $19.4 million compared with $23.3 million in the comparable period a year earlier.

"Results for both the last quarter and the most recent nine-month period were impacted by a continued challenging business environment, with less revenue and higher manufacturing expenses due to increased labor costs in China," said Roland Kohl, chairman, president and chief executive officer of Highway Holdings.

Kohl noted that net sales in the third quarter were impacted by a reduction in orders from two of the company's metal component customers, which represents approximately $1.0 million less compared with the same period a year earlier. The company expects to start making up for this lost business beginning in the current fiscal fourth quarter, as presently new tooling is being made for the production of new metal components for these customers.

Sales during the third quarter from the company's mobile phone case business were approximately $250,000 less than a year ago. These reductions were due to a decision by one of Highway Holdings' customers to relocate the majority of the business to another manufacturer in Mexico in order to save on transportation costs and reduce product delivery time, particularly to customers in North America.

Gross profit for the three- and nine-month periods ended December 31, 2011 decreased to 18.2 percent and 19.5 percent of net sales, respectively, compared with 19.5 percent and 20.5 percent, respectively, a year earlier. Gross profit for the nine-month period was impacted by an approximate 16 percent increase in labor costs and an 18.4 percent decrease in sales turnover compared with the same period last year. The company's operating income for the three-month period ended December 31, 2011 was $6,000 compared with $481,000 in the prior year. Operating income for the nine months was $52,000 compared with $951,000 a year earlier.

Kohl noted that labor force shortages during the past months and a high local inflation rate put further pressure on labor costs and consequently on operating margins, which could lead to even higher customer pricing. He emphasized that the company's ongoing focus on increasing operating efficiency through automation and new production methods can only partially absorb increased payroll expenses. Kohl highlighted the dramatic increase in Chinese wages -- particularly during the last two years with statutory minimum salaries in China increasing by about 67 percent and market wage rates climbing to about 100 percent due to competitive wage pressure in Shenzhen. "If the present labor shortage continues, wages may increase even further in the foreseeable future," Kohl added.

As a result of such extreme increases in labor costs, the company, therefore, is also exploring the possibility of outsourcing some of the company's very labor intensive assembly work to low-labor cost countries under its direct management.

Selling, general and administrative expenses were reduced by $108,000 for the nine-month period, but remained almost the same for the three-month period despite the lower turnover. Selling, general and administrative costs as a percentage of net sales were higher in both the three- and nine-month periods ended December 31, 2011 -- reflecting the impact of decreased sales turnover, increased staff salaries due to the inflationary situation and increased costs caused by the conversion to a wholly owned foreign enterprise (WFOE) operating structure, which is ongoing and only expected to be fully completed by the end of 2012.

Currency exchange rates positively affected the company's net income for the nine-month period ended December 31, 2011. During the nine-month period in 2011, the company reported a $78,000 currency exchange gain compared with a $69,000 exchange loss in 2010.

Kohl noted the company's balance sheet remains strong. The company's total cash and restricted cash position was $7.8 million at December 31, 2011, or $2.05 per share, after total dividend payments of $0.44 during the past 18 months. The company's current ratio was 2.68:1 at December 31, 2011. The total cash and restricted cash exceeded all current and long term liabilities combined by $1.8 million.

"The company's strategic focus is to continue our efforts to further upgrade Highway Holdings' facilities in China into a much smaller high-tech operation – utilizing automation and becoming the premier model for modern and highly efficient manufacturing in China," Kohl said.

"The company is confident, despite the loss of assembly work to lower cost labor countries, that such activities eventually will benefit our operation, because such countries usually lack a strong supplier network for mechanical components. Such a situation may in fact provide significant new business opportunities," Kohl said.

About Highway Holdings

Highway Holdings produces a wide variety of high-quality products for blue chip original equipment manufacturers -- from simple parts and components to sub-assemblies and finished products. Highway Holdings' administrative offices are located in Hong Kong and its manufacturing facilities are located in Shenzhen in the People's Republic of China.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission, including without limitation, the company's annual reports on Form 20-F.



CONTACT: Gary S. Maier
Maier & Company, Inc.
(310) 442-9852
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johnsyn johnsyn 12 years ago
Highway Holdings Establishes Marketing Alliance With Chinese Manufacturer
Highway Holdings Limited (MM) (NASDAQ:HIHO)
Today : Tuesday 31 January 2012

Highway Holdings Limited (Nasdaq:HIHO) today announced it has established a strategic marketing alliance with Hongtuo Precision Metalware Co., Limited, a Shenzhen, China-based company that is part of the Hot-Top Group. Terms were not disclosed.

"This new marketing alliance is intended to accelerate business opportunities within the local China market by capitalizing on Hongtuo Precision Metalware's extensive regional customer relationships and leveraging our high-tech and high-volume manufacturing capabilities -- which should be attractive to large local Chinese companies, particularly within the white goods, lighting fixture and stepping motor product industries," said Roland Kohl, chairman, president and chief executive officer of Highway Holdings.

Kohl noted that the conversion of the company's China-based operations to a wholly foreign owned enterprise (WFOE) structure from a subcontracting licensing arrangement in Southern China, as required by recently implemented local Chinese government regulations, now allows Highway Holdings to sell to local Chinese companies. Under the company's previous twenty-year business license arrangement in China, Highway Holdings was only permitted to export the products it manufactured.

About Hongtuo Precision Metalware Company Limited

Based in Shenzhen, Hongtuo Precision Metalware is an ISO9001:2000 certified supplier of metal and plastic molds and components utilized in photocopiers, various electronics and automotive applications. Additional information is available at www.ht199.com.

About Highway Holdings

Highway Holdings produces a wide variety of high-quality products for blue chip original equipment manufacturers -- from simple parts and components to sub-assemblies and finished products. Highway Holdings' administrative offices are located in Hong Kong and its manufacturing facilities are located in Shenzhen in the People's Republic of China. Additional information is available at www.Highwayholdings.com.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission, including without limitation, the company's annual reports on Form 20-F.

CONTACT: Gary S. Maier
Maier & Company, Inc.
(310) 442-9852
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johnsyn johnsyn 13 years ago
Top 10 U.S.-Listed Chinese Stocks with Highest Dividend Yield China Analyst - News on Chinese Stocks

TOP 10 LISTS
Top 10 U.S.-Listed Chinese Stocks with Highest Dividend Yield: HIHO, SFUN, CTEL, EJ, HNP, SSW, XIN, NTE, SHI, GA (Dec 27, 2011)
Below are the top 10 U.S.-listed Chinese stocks with highest dividend yields.

Highway Holdings Limited (NASDAQ:HIHO) has the 1st highest dividend yield in this segment of the market. Its current dividend yield is 17.94%.

SouFun Holdings Limited (ADR) (NYSE:SFUN) has the 2nd highest dividend yield in this segment of the market. Its current dividend yield is 14.67%.

City Telecom (H.K.) Limited (ADR) (NASDAQ:CTEL) has the 3rd highest dividend yield in this segment of the market. Its current dividend yield is 7.36%. Its dividend payout ratio was 73.71% for the last 12 months.

E-House (China) Holdings Limited (ADR) (NYSE:EJ) has the 4th highest dividend yield in this segment of the market. Its current dividend yield is 5.71%. Its dividend payout ratio was N/A for the last 12 months.

Huaneng Power International, Inc. (ADR) (NYSE:HNP) has the 5th highest dividend yield in this segment of the market. Its current dividend yield is 5.71%. Its dividend payout ratio was 110.39% for the last 12 months.

Seaspan Corporation (NYSE:SSW) has the 6th highest dividend yield in this segment of the market. Its current dividend yield is 5.52%. Its dividend payout ratio was N/A for the last 12 months.

Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) has the 7th highest dividend yield in this segment of the market. Its current dividend yield is 5.46%. Its dividend payout ratio was N/A for the last 12 months.

Nam Tai Electronics, Inc. (NYSE:NTE) has the 8th highest dividend yield in this segment of the market. Its current dividend yield is 5.29%. Its dividend payout ratio was 59.71% for the last 12 months.

Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI) has the 9th highest dividend yield in this segment of the market. Its current dividend yield is 4.60%. Its dividend payout ratio was 26.84% for the last 12 months.

Giant Interactive Group Inc (ADR) (NYSE:GA) has the 10th highest dividend yield in this segment of the market. Its current dividend yield is 4.42%. Its dividend payout ratio was N/A for the last 12 months.

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The Bull Run The Bull Run 14 years ago
Highway Holdings Limited Declares Interim Cash Dividend

HONG KONG, Nov 9, 2010 (GlobeNewswire via COMTEX) -- Highway Holdings Limited (Nasdaq:HIHO) today announced its board of directors has declared an interim cash dividend of $0.08 per share on the company's common stock. The dividend will be paid on December 24, 2010 to shareholders of record on November 19, 2010.
About Highway Holdings

Highway Holdings produces a wide variety of high-quality products for blue chip original equipment manufacturers -- from simple parts and components to sub-assemblies. It also manufactures finished products, such as light fixtures, LED lights, radio chimes and other electronic products. Highway Holdings is headquartered in Hong Kong, with manufacturing facilities in Shenzhen in the People's Republic of China.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission, including without limitation, the company's annual reports on Form 20-F.
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