NASDAQ : HLP
Hongli Group Inc. — Financial statements
Materials · Steel · China
Last price 4.19 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 313.16M
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Financial statements
Hongli Group Inc. (HLP) reported revenue of 19.60M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 19.60M | 19.60M | 14.11M | 16.00M | 20.28M | 21.71M |
| Cost of Revenue | 13.22M | 13.22M | 9.59M | 10.75M | 13.27M | 14.06M |
| Gross Profit | 6.38M | 6.38M | 4.52M | 5.25M | 7.01M | 7.65M |
| Selling, General & Admin | 2.95M | 2.95M | 5.28M | 3.26M | 2.59M | 2.18M |
| Research & Development | 994.50K | 994.50K | 818.31K | 962.96K | 1.41M | 1.47M |
| Amortization of Goodwill & Intangibles | 13.54K | 12.49K | ||||
| Operating Expenses | 3.95M | 3.95M | 6.10M | 4.23M | 4.09M | 3.72M |
| Operating Income | 2.43M | 2.43M | -1.58M | 1.02M | 2.92M | 3.94M |
| Interest Expense | -469.71K | -469.71K | -466.39K | -631.56K | -335.00K | -497.00K |
| Currency Exchange Gain (Loss) | 197.00K | -43.00K | ||||
| Other Non Operating Income (Expenses) | 190.95K | 190.95K | 282.44K | 204.59K | 429.11K | 69.88K |
| EBT Excluding Unusual Items | 2.15M | 2.15M | -1.77M | 593.46K | 3.21M | 3.47M |
| Gain (Loss) on Sale of Assets | 17.00K | 17.00K | -106.00K | 339.00K | ||
| Pretax Income | 2.17M | 2.17M | -1.87M | 932.46K | 3.21M | 3.47M |
| Income Tax Expense | 228.68K | 228.68K | 8.39K | 67.74K | 280.07K | 263.08K |
| Net Income | 1.94M | 1.94M | -1.88M | 864.72K | 2.93M | 3.20M |
| Net Income to Common | 1.94M | 1.94M | -1.88M | 864.72K | 2.93M | 3.20M |
| Shares Outstanding (Basic) | 73.44M | 73.44M | 17.45M | 11.75M | 10.00M | 10.00M |
| Shares Outstanding (Diluted) | 73.44M | 73.44M | 17.45M | 11.75M | 10.00M | 10.00M |
| EPS (Basic) | 0.03 | 0.03 | -0.11 | 0.07 | 0.29 | 0.32 |
| EPS (Diluted) | 0.03 | 0.03 | -0.11 | 0.07 | 0.29 | 0.32 |
| Free Cash Flow | -438.96K | -438.96K | -724.48K | -1.19M | -6.23M | -1.91M |
| Free Cash Flow Per Share | -0.01 | -0.01 | -0.04 | -0.10 | -0.62 | -0.19 |
| Gross Margin | 32.54% | 32.54% | 32.04% | 32.79% | 34.55% | 35.25% |
| Operating Margin | 12.41% | 12.41% | -11.22% | 6.38% | 14.40% | 18.12% |
| Profit Margin | 9.91% | 9.91% | -13.34% | 5.41% | 14.46% | 14.75% |
| Free Cash Flow Margin | -2.24% | -2.24% | -5.14% | -7.46% | -30.72% | -8.80% |
| EBITDA | 3.24M | 3.24M | -677.59K | 1.99M | 3.57M | 4.52M |
| EBITDA Margin | 16.55% | 16.55% | -4.80% | 12.46% | 17.58% | 20.82% |
| D&A For EBITDA | 811.21K | 811.21K | 905.71K | 972.13K | 644.67K | 585.84K |
| EBIT | 2.43M | 2.43M | -1.58M | 1.02M | 2.92M | 3.94M |
| EBIT Margin | 12.41% | 12.41% | -11.22% | 6.38% | 14.40% | 18.12% |
| Effective Tax Rate | 10.53% | 10.53% | 7.27% | 8.72% | 7.59% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.81M | 1.81M | 909.72K | 775.69K | 2.09M | 484.39K |
| Cash & Short-Term Investments | 1.81M | 1.81M | 909.72K | 775.69K | 2.09M | 484.39K |
| Accounts Receivable | 10.31M | 10.31M | 6.33M | 6.25M | 7.73M | 5.90M |
| Other Receivables | 1.50K | |||||
| Receivables | 10.31M | 10.31M | 6.33M | 6.25M | 7.73M | 5.90M |
| Inventory | 3.37M | 3.37M | 4.52M | 2.35M | 2.61M | 2.97M |
| Prepaid Expenses | 56.28K | 56.28K | 148.67K | 1.03M | 1.54M | 1.75M |
| Restricted Cash | 74.02K | 74.02K | 15.07K | 39.98K | 29.01K | 47.07K |
| Other Current Assets | 462.36K | 462.36K | 13.31K | 370.52K | 68.30K | 243.10K |
| Total Current Assets | 16.08M | 16.08M | 11.94M | 10.82M | 14.06M | 11.40M |
| Property, Plant & Equipment | 12.29M | 12.29M | 10.39M | 11.43M | 13.60M | 6.00M |
| Long-Term Investments | 34.32M | 34.32M | 32.88M | |||
| Other Intangible Assets | 4.50M | 4.50M | 4.43M | 4.66M | 4.96M | 722.36K |
| Long-Term Deferred Tax Assets | 47.78K | 47.78K | 40.77K | 10.27K | ||
| Other Long-Term Assets | 4.95M | 4.95M | 5.34M | 5.21M | 3.54M | 3.73M |
| Total Assets | 72.19M | 72.19M | 65.01M | 32.13M | 36.16M | 21.85M |
| Accounts Payable | 1.88M | 1.88M | 1.38M | 1.38M | 2.96M | 2.45M |
| Accrued Expenses | 615.47K | 615.47K | 474.78K | 272.65K | 652.24K | 639.39K |
| Short-Term Debt | 8.11M | 8.11M | 5.84M | 5.69M | 6.02M | 5.66M |
| Current Portion of Long-Term Debt | 3.41M | 3.41M | 243.08K | 80.86K | 245.53K | |
| Current Portion of Leases | 45.30K | 315.78K | 533.81K | |||
| Current Income Taxes Payable | 185.56K | 185.56K | 36.51K | 36.71K | 136.54K | 119.96K |
| Current Unearned Revenue | 162.12K | 162.12K | 219.93K | 178.13K | 57.91K | 169.09K |
| Other Current Liabilities | 4.21K | 4.21K | 21.25K | 2.06M | 120.98K | |
| Total Current Liabilities | 14.36M | 14.36M | 8.21M | 7.68M | 12.44M | 9.69M |
| Long-Term Debt | 3.31M | 3.34M | 10.19M | |||
| Long-Term Leases | 46.62K | 292.13K | ||||
| Long-Term Deferred Tax Liabilities | 15.22K | |||||
| Other Long-Term Liabilities | 378.80K | |||||
| Total Liabilities | 14.36M | 14.36M | 11.52M | 11.02M | 22.69M | 10.36M |
| Common Stock | 7.34K | 7.34K | 7.34K | 1.22K | 1.00K | 1.00K |
| Additional Paid-In Capital | 43.00M | 43.00M | 43.00M | 8.04M | 609.60K | 609.60K |
| Retained Earnings | 14.04M | 14.04M | 12.09M | 13.98M | 13.11M | 10.18M |
| Comprehensive Income & Other | 788.63K | 788.63K | -1.61M | -906.74K | -247.57K | 698.69K |
| Shareholders' Equity | 57.83M | 57.83M | 53.49M | 21.11M | 13.47M | 11.49M |
| Total Liabilities & Equity | 72.19M | 72.19M | 65.01M | 32.13M | 36.16M | 21.85M |
| Total Debt | 11.52M | 11.52M | 9.38M | 9.15M | 16.81M | 6.48M |
| Net Cash (Debt) | -9.70M | -9.70M | -8.47M | -8.38M | -14.73M | -6.00M |
| Net Cash Per Share | -0.13 | -0.13 | -0.49 | -0.71 | -1.47 | -0.60 |
| Filing Date Shares Outstanding | 74.74M | 74.74M | 73.44M | 12.24M | 12.37M | 10.00M |
| Total Common Shares Outstanding | 73.44M | 73.44M | 73.44M | 12.24M | 10.00M | 10.00M |
| Working Capital | 1.73M | 1.73M | 3.72M | 3.13M | 1.63M | 1.71M |
| Book Value Per Share | 0.79 | 0.79 | 0.73 | 1.72 | 1.35 | 1.15 |
| Tangible Book Value | 53.33M | 53.33M | 49.06M | 16.45M | 8.51M | 10.77M |
| Tangible Book Value Per Share | 0.73 | 0.73 | 0.67 | 1.34 | 0.85 | 1.08 |
| Buildings | 9.88M | 9.88M | 7.62M | 7.14M | 9.17M | 1.97M |
| Machinery | 7.27M | 7.27M | 6.69M | 5.98M | 5.67M | 5.31M |
| Construction In Progress | 230.97K | 1.08M | 1.06M | 574.02K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.94M | 1.94M | -1.88M | 864.72K | 2.93M | 3.20M |
| Depreciation & Amortization | 811.21K | 811.21K | 943.04K | 1.05M | 655.41K | 701.79K |
| Loss (Gain) From Sale of Assets | -16.84K | -16.84K | 105.95K | -339.12K | ||
| Stock-Based Compensation | 1.97M | |||||
| Provision & Write-off of Bad Debts | 124.52K | 124.52K | 38.62K | 52.91K | 7.30K | |
| Other Operating Activities | 107.49K | 107.49K | -30.73K | 7.28K | 15.60K | -3.01K |
| Change in Accounts Receivable | -3.25M | -3.25M | 1.84K | 1.16M | -2.88M | -1.84M |
| Change in Inventory | 193.15K | 193.15K | -394.56K | 157.73K | 131.69K | -1.46M |
| Change in Accounts Payable | 444.92K | 444.92K | 39.27K | -1.56M | 523.90K | 1.40M |
| Change in Income Taxes | 143.47K | 143.47K | 810.00 | -96.22K | 46.19K | -61.03K |
| Change in Other Net Operating Assets | 374.50K | 374.50K | -1.20M | -406.40K | 1.06M | -799.13K |
| Operating Cash Flow | 878.27K | 878.27K | -414.03K | 884.92K | 2.49M | 1.14M |
| Capital Expenditures | -1.32M | -1.32M | -310.45K | -2.08M | -8.72M | -3.05M |
| Sale of Property, Plant & Equipment | 41.74K | 41.74K | 2.78K | 738.61K | 1.49M | |
| Sale (Purchase) of Intangibles | -561.39K | -4.43M | ||||
| Investment in Securities | -33.35M | |||||
| Other Investing Activities | 13.91K | 13.91K | 346.24K | -351.92K | ||
| Investing Cash Flow | -1.26M | -1.26M | -33.31M | -2.25M | -11.67M | -3.05M |
| Short-Term Debt Issued | 8.93M | 8.93M | 8.24M | 6.33M | 8.33M | 5.94M |
| Long-Term Debt Issued | 416.92K | 4.66M | 10.54M | 503.78K | ||
| Total Debt Issued | 8.93M | 8.93M | 8.65M | 10.99M | 18.87M | 6.45M |
| Short-Term Debt Repaid | -7.39M | -7.39M | -7.91M | -7.01M | -7.03M | -4.23M |
| Long-Term Debt Repaid | -288.60K | -288.60K | -237.31K | -11.74M | -859.87K | -863.32K |
| Total Debt Repaid | -7.68M | -7.68M | -8.14M | -18.75M | -7.89M | -5.10M |
| Net Debt Issued (Repaid) | 1.26M | 1.26M | 508.58K | -7.76M | 10.98M | 1.35M |
| Issuance of Common Stock | 33.00M | 8.37M | ||||
| Other Financing Activities | -229.72K | -133.85K | -368.41K | |||
| Financing Cash Flow | 1.26M | 1.26M | 33.51M | 382.09K | 10.84M | 983.36K |
| Foreign Exchange Rate Adjustments | 87.94K | 87.94K | 326.38K | -311.75K | -81.08K | 25.69K |
| Net Cash Flow | 960.38K | 960.38K | 109.12K | -1.30M | 1.58M | -902.65K |
| Free Cash Flow | -438.96K | -438.96K | -724.48K | -1.19M | -6.23M | -1.91M |
| Free Cash Flow Margin | -2.24% | -2.24% | -5.14% | -7.46% | -30.72% | -8.80% |
| Free Cash Flow Per Share | -0.01 | -0.01 | -0.04 | -0.10 | -0.62 | -0.19 |
| Levered Free Cash Flow | -1.82M | -1.82M | 601.09K | -3.41M | -9.59M | -3.58M |
| Unlevered Free Cash Flow | -1.52M | -1.52M | 892.58K | -3.01M | -9.38M | -3.27M |
| Cash Interest Paid | 354.57K | 354.57K | 599.52K | 650.80K | 371.21K | 313.68K |
| Cash Income Tax Paid | 90.29K | 90.29K | 38.80K | 374.49K | 72.52K | 324.11K |
| Change in Working Capital | -2.09M | -2.09M | -1.56M | -746.44K | -1.12M | -2.76M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 304.19M | 76.38M | 96.20M | 20.78M | ||
| Enterprise Value | 313.89M | 84.92M | 105.58M | 27.24M | ||
| Last Close Price | 4.06 | 1.04 | 1.31 | 1.68 | ||
| PE Ratio | 153.85 | 39.31 | 24.04 | |||
| PS Ratio | 15.56 | 3.90 | 6.82 | 1.30 | ||
| PB Ratio | 5.16 | 1.32 | 1.80 | 0.98 | ||
| P/TBV Ratio | 5.72 | 1.43 | 1.96 | 1.26 | ||
| P/OCF Ratio | 347.20 | 86.96 | 23.49 | |||
| EV/Sales Ratio | 16.05 | 4.33 | 7.49 | 1.70 | ||
| EV/EBITDA Ratio | 96.98 | 26.17 | 13.67 | |||
| EV/EBIT Ratio | 129.31 | 34.90 | 26.69 | |||
| Debt / Equity Ratio | 0.20 | 0.20 | 0.17 | 0.43 | 1.25 | 0.56 |
| Debt / EBITDA Ratio | 3.55 | 3.55 | 4.43 | 4.70 | 1.40 | |
| Net Debt / Equity Ratio | 0.17 | 0.17 | 0.16 | 0.40 | 1.09 | 0.52 |
| Net Debt / EBITDA Ratio | 2.99 | 2.99 | -12.51 | 4.21 | 4.13 | 1.33 |
| Net Debt / FCF Ratio | -22.11 | -22.11 | -11.70 | -7.02 | -2.36 | -3.14 |
| Asset Turnover | 0.29 | 0.29 | 0.29 | 0.47 | 0.70 | 1.23 |
| Inventory Turnover | 3.35 | 3.35 | 2.79 | 4.33 | 4.76 | 6.40 |
| Quick Ratio | 0.84 | 0.84 | 0.88 | 0.91 | 0.79 | 0.66 |
| Current Ratio | 1.12 | 1.12 | 1.45 | 1.41 | 1.13 | 1.18 |
| Return on Equity (ROE) | 3.49% | 3.49% | -5.04% | 5.00% | 23.49% | 32.80% |
| Return on Assets (ROA) | 2.22% | 2.22% | -2.04% | 1.87% | 6.30% | 13.89% |
| Return on Invested Capital (ROIC) | 3.22% | 3.36% | -3.46% | 3.28% | 11.67% | 25.98% |
| Return on Capital Employed (ROCE) | 4.20% | 4.20% | -2.80% | 4.20% | 12.30% | 32.40% |
| Earnings Yield | 0.65% | 2.54% | -1.96% | 4.16% | ||
| FCF Yield | -0.14% | -0.57% | -0.75% | -5.75% | ||
| Buyback Yield / Dilution | -320.81% | -320.81% | -48.50% | -17.52% |