Company research
Hongli Group Inc.
CIK 1855557Updated Sep 26, 2026
SecurityHLP · NASDAQ · equity
HLP price & chart
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NASDAQ:HLP on TradingView ↗In the news
Hongli Group Inc. Reports Robust Fiscal Year 2025 Results: Revenue Grows 39% to $19.6 Million as Company Delivers $3.8 Million Profit Turnaround ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 72,190,645Source | 65,010,421Source | 32,128,670Source | 36,164,139Source |
| Property, Plant and Equipment, NetUSD | 12,292,214Source | 10,385,742Source | 10,752,745Source | 12,300,491Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 4,498,986Source | 4,432,403Source | 4,659,569Source | 4,961,881Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,811,149Source | 909,716Source | 775,686Source | 2,085,033Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 9,273,016Source | 5,809,374Source | 6,013,536Source | 7,429,904Source |
| Inventory, NetUSD | 2,463,460Source | 2,674,001Source | 2,349,705Source | 2,613,549Source |
| Assets, CurrentUSD | 16,084,060Source | 11,935,381Source | 10,816,892Source | 14,064,401Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,064,656Source | 2,004,889Source | 1,059,275Source | 1,604,134Source |
| Other Assets, NoncurrentUSD | — | — | — | 2,174Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 14,358,522Source | 11,517,126Source | 11,021,117Source | 22,689,446Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 7,344Source | 7,344Source | 1,224Source | 1,000Source |
| Additional Paid in CapitalUSD | — | — | 8,036,676Source | 609,601Source |
| Retained Earnings (Accumulated Deficit)USD | 13,666,910Source | 11,724,070Source | 13,605,705Source | 12,740,983Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 788,630Source | -1,607,358Source | -906,735Source | -247,574Source |
| Stockholders' Equity Attributable to ParentUSD | 57,832,123Source | 53,493,295Source | 21,107,553Source | 13,474,693Source |
| Additional Paid in Capital, Common StockUSD | 42,998,556Source | 42,998,556Source | — | — |
| Liabilities and EquityUSD | 72,190,645Source | 65,010,421Source | 32,128,670Source | 36,164,139Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 14,358,522Source | 8,211,917Source | 7,683,042Source | 12,437,954Source |
| Accounts Payable, CurrentUSD | 1,876,141Source | 1,380,201Source | 1,379,161Source | 2,957,110Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | — | 15,221Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | — | 7,429,904Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | 15,221Source |
| Long-term DebtUSD | — | 3,548,284Source | — | 10,147,428Source |
| Long-term Debt, Current MaturitiesUSD | — | 243,075Source | 36,620Source | 10,147,428Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 3,338,075Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 2,932,363Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | 804,395Source | 871,445Source | 644,668Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | 1,968,000Source | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 3,246,989Source | -45,396Source | -1,155,718Source | 2,879,161Source |
| Increase (Decrease) in InventoriesUSD | -193,149Source | 389,778Source | -190,141Source | -131,687Source |
| Increase (Decrease) in Accounts PayableUSD | 444,917Source | 39,274Source | -1,557,271Source | 523,898Source |
| Deferred Income Tax Expense (Benefit)USD | -18,120Source | -31,223Source | -25,129Source | 15,602Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 878,267Source | -414,034Source | 884,917Source | 2,493,024Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | -1,485,906Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,261,573Source | -33,311,809Source | -2,253,634Source | -11,670,592Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 217,443Source | 32,506Source | 302,393Source | 5,100,448Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,255,752Source | 33,508,577Source | 382,094Source | 10,841,222Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 960,381Source | 109,117Source | -1,298,370Source | 1,582,577Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,885,167Source | 924,786Source | 815,669Source | 2,114,039Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 354,567Source | 599,524Source | — | — |
| Income Taxes Paid, NetUSD | — | -8,392Source | -67,740Source | -280,069Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 87,935Source | 326,383Source | -311,747Source | -81,077Source |
| Additional Financial Items | ||||
| AmortizationUSD | — | — | 243,160Source | — |
| Amortization of Intangible AssetsUSD | 124,047Source | 101,315Source | 100,689Source | 29,618Source |
| DepreciationUSD | 687,159Source | 804,395Source | 871,445Source | — |
| Financing Interest ExpenseUSD | 469,710Source | 466,386Source | 643,002Source | 244,005Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -946,266Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | 31,407Source | 54,076Source | 197,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | — | 77,109Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 16,835Source | -105,954Source | 339,117Source | — |
| General and Administrative ExpenseUSD | 2,015,663Source | — | — | — |
| Income Tax Expense (Benefit)USD | 228,684Source | 8,392Source | 67,740Source | 280,069Source |
| Inventory Write-downUSD | — | 55,176Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 1,942,840Source | -1,881,635Source | 864,722Source | 2,932,363Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,942,840Source | -1,881,635Source | 864,722Source | — |
| Nonoperating Income (Expense)USD | -261,761Source | -289,947Source | — | 291,110Source |
| Operating ExpensesUSD | 3,945,595Source | 6,103,043Source | 4,225,405Source | 4,087,171Source |
| Other Nonoperating Income (Expense)USD | — | — | -87,973Source | -65,956Source |
| Payments of Financing CostsUSD | — | — | 229,723Source | 278,320Source |
| Payments to Acquire InvestmentsUSD | — | 33,350,376Source | — | — |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | 10,401,343Source |
| Proceeds from Stock Options ExercisedUSD | — | — | 1,144,687Source | — |
| Realized Investment Gains (Losses)USD | — | — | 300,000Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 15,997,954Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 19,600,691Source | 14,105,620Source | 15,997,954Source | 20,283,245Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | — | 6,103,043Source | 4,225,405Source | 4,087,171Source |
| Operating Income (Loss)USD | 2,433,285Source | -1,583,296Source | 1,020,435Source | 2,921,322Source |
| Other Nonoperating Income (Expense)USD | — | — | -87,973Source | -65,956Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 2,171,524Source | -1,873,243Source | 932,462Source | 3,212,432Source |
| Income Tax Expense (Benefit)USD | 228,684Source | 8,392Source | 67,740Source | 280,069Source |
| Net Income (Loss) Attributable to ParentUSD | 1,942,840Source | -1,881,635Source | 864,722Source | 2,932,363Source |
| Earnings Per Share, BasicUSD per share | 0.03Source | -0.11Source | 0.07Source | 0.29Source |
| Earnings Per Share, DilutedUSD per share | 0.03Source | -0.11Source | 0.07Source | 0.29Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 73,438,750Source | 17,451,865Source | 11,752,180Source | 10,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 73,438,750Source | 17,451,865Source | 11,752,180Source | 10,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 124,047Source | 101,315Source | 100,689Source | 29,618Source |
| Current Income Tax Expense (Benefit)USD | 246,804Source | 39,615Source | 92,869Source | 264,467Source |
| Financing Interest ExpenseUSD | 469,710Source | 466,386Source | 643,002Source | 244,005Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -946,266Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | 31,407Source | 54,076Source | 197,000Source |
| General and Administrative ExpenseUSD | 2,015,663Source | — | — | — |
| Gross ProfitUSD | 6,378,880Source | 4,519,747Source | 5,245,840Source | 7,008,493Source |
| Interest ExpenseUSD | — | — | 650,803Source | 371,214Source |
| Interest Expense, DebtUSD | 165,003Source | 281,139Source | 450,929Source | 317,000Source |
| Marketing and Advertising ExpenseUSD | 13,869Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,942,840Source | -1,881,635Source | 864,722Source | — |
| Nonoperating Income (Expense)USD | -261,761Source | -289,947Source | — | 291,110Source |
| Operating ExpensesUSD | 3,945,595Source | 6,103,043Source | 4,225,405Source | 4,087,171Source |
| Other Cost of Operating RevenueUSD | — | — | — | 16,074Source |
| Other ExpensesUSD | — | — | — | 15,221Source |
| Other IncomeUSD | 67,614Source | — | — | 601,071Source |
| Realized Investment Gains (Losses)USD | — | — | 300,000Source | — |
| Research and Development ExpenseUSD | 994,500Source | 818,315Source | 962,963Source | 1,412,355Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 15,997,954Source | — |
| Selling and Marketing ExpenseUSD | 935,432Source | 564,964Source | 631,361Source | 596,620Source |