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HLP on Nasdaq

Hongli Group Inc.

General industrial machinery and equipment company, listed on Nasdaq (HLP)1

In its 2026 annual report (Form 20-F) the company says: “Hongli Shandong owns a 70% equity interest in Haozhen Shandong.”4

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Last updated Oct 21, 2026.

Overview

$19.6MRevenue, fiscal 20252
$1.9MNet income, fiscal 20252

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  • TickerHLP on Nasdaq1
  • IndustryGeneral Industrial Machinery & Equipment, NEC1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressNo. 777, Daiyi Road,, Changle County, Weifang City,, Shandong Province,3
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation

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Technology Co. Ltd, a South Korean company, established Haozhen Shandong. Hongli Shandong owns a 70% equity interest in Haozhen Shandong.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

32.5%Gross margin2
12.4%Operating margin2
9.9%Net margin2
39.0%Revenue growth, 20252
3.4%Return on equity2
$660.8KFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

China brought in 85% of the revenue Hongli Group Inc. broke down this way in fiscal 2025.

  1. China$16.6M285%up 36% from 2024
  2. Overseas$3.0M215%up 58% from 2024
Regions by year
Regions202320242025
China$12.1M$12.2M$16.6M
Overseas$3.9M$1.9M$3.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue67¢$13.2M
  • Research and development5¢$994.5K
  • Other costs16¢$3.2M
  • Income tax1¢$228.7K
  • Profit10¢$1.9M

Out of $19.6M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending25¢$217.4K
  • Kept or used elsewhere75¢$660.8K

Out of $878.3K of cash from operations.2

Financial statements

Revenue562$19.6M in 2025+76% since 2020
0$10.0M$20.0M$30.0M2020: $11.2M$11.2M20202021: $21.7M$21.7M2021+95%2022: $20.3M$20.3M2022−7%2023: $16.0M$16.0M2023−21%2024: $14.1M$14.1M2024−12%2025: $19.6M$19.6M2025+39%
Gross profit5762$6.4M in 2025+43% since 2020
0$2.0M$4.0M$6.0M$8.0M2020: $4.5M$4.5M20202021: $7.7M$7.7M2021+72%2022: $7.0M$7.0M2022−8%2023: $5.2M$5.2M2023−25%2024: $4.5M$4.5M2024−14%2025: $6.4M$6.4M2025+41%
Operating income5762$2.4M in 2025−1% since 2020
-$2.0M0$2.0M$4.0M2020: $2.5M$2.5M20202021: $3.9M$3.9M2021+59%2022: $2.9M$2.9M2022−26%2023: $1.0M$1.0M2023−65%2024: -$1.6M-$1.6M20242025: $2.4M$2.4M2025
Net income5762$1.9M in 2025−20% since 2020
-$2.0M0$2.0M$4.0M2020: $2.4M$2.4M20202021: $3.2M$3.2M2021+32%2022: $2.9M$2.9M2022−8%2023: $864.7K$864.7K2023−71%2024: -$1.9M-$1.9M20242025: $1.9M$1.9M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenues, net$19.6M$14.1M$16.0M
Cost of revenues-$13.2M-$9.6M-$10.8M
Gross profit$6.4M$4.5M$5.2M
Sales and marketing expenses-$935.4K-$669.5K-$631.4K
General and administrative expenses-$2.0M-$4.6M-$2.6M
Research and development expenses-$994.5K-$818.3K-$963.0K
Total operating expenses-$3.9M-$6.1M-$4.2M
Income from operations$2.4M-$1.6M$1.0M
Interest and financing expenses, net-$469.7K-$466.4K-$631.6K
Other income$215.9K$185.3K$591.4K
Other expenses-$7.9K-$8.9K-$47.9K
Total other expenses, net-$261.8K-$289.9K-$88.0K
Income (loss) before income taxes$2.2M-$1.9M$932.5K
Income tax expenses-$228.7K-$8.4K-$67.7K
Net income (loss)$1.9M-$1.9M$864.7K
Foreign currency translation gain (loss)$2.4M-$700.6K-$659.2K
Total comprehensive income (loss)$4.3M-$2.6M$205.6K
Basic (in Shares)73.4M shares17.5M shares11.8M shares
Diluted (in Shares)73.4M shares17.5M shares11.8M shares
Basic (in Dollars per share)$0.03-$0.11$0.07
Diluted (in Dollars per share)$0.03-$0.11$0.07

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Corporate structure

Hongli Group Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Hongli Group Inc.

  • Huizhi Zhang Filed SC 13G on Hongli Group Inc., latest Dec 12, 2024
  • Hung To Pau Filed SC 13G on Hongli Group Inc., latest Dec 12, 2024
  • Zhicheng Jiang Filed SC 13G on Hongli Group Inc., latest Dec 12, 2024
  • Jie Liu Filed SC 13G on Hongli Group Inc., latest Feb 5, 2024
  • Hongli Group Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Hongli Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$17.1M2 Dec 31, 2025$14.5M2 Dec 31, 2024+18.0%
Accumulated depreciation$4.9M2 Dec 31, 2025$4.2M2 Dec 31, 2024+17.0%
Property and equipment, net$12.3M2 Dec 31, 2025$10.4M2 Dec 31, 2024+18.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.8M2 Dec 31, 2025$909.7K2 Dec 31, 2024+99.1%
Stakes in other companies (equity method)$32.9M2 Dec 6, 2024
Deposits held (banks)$69.0K6 Dec 31, 2024$70.4K7 Dec 31, 2023−2.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$4.5M2 Dec 31, 2025$4.4M2 Dec 31, 2024+1.5%
Finite-lived intangibles, gross$4.8M2 Dec 31, 2025$4.6M2 Dec 31, 2024+4.4%
Accumulated amortization$334.3K2 Dec 31, 2025$198.1K2 Dec 31, 2024+68.7%
Finite-lived intangibles, net$4.5M2 Dec 31, 2025$4.4M6 Dec 31, 2024+1.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.5M2 Dec 31, 2025$2.7M2 Dec 31, 2024−7.9%
Raw materials$1.3M2 Dec 31, 2025$848.1K2 Dec 31, 2024+58.7%
Work in process$1.1M2 Dec 31, 2025$1.6M2 Dec 31, 2024−31.0%
Finished goods$153.3K2 Dec 31, 2025$224.3K2 Dec 31, 2024−31.7%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorJie Liu named May 29, 20268
  • Executive OfficerXiangmei Zeng named May 29, 20268
  • DirectorChenglong Yang named May 29, 20268
  • DirectorChuang Chen named May 29, 20268
  • DirectorJunwei Shao named May 29, 20268

Filings

99 filings to the SEC since October 2021: 4 annual reports, 4 large holders, 1 private raises, 90 other. The latest 20:

  1. Oct 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Aug 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Jul 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Jul 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Jun 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Jun 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. May 29, 2026D EDGAR
  8. May 15, 20266-K CURRENT REPORT EDGAR
  9. May 13, 202620-F ANNUAL REPORT EDGAR
  10. May 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Apr 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Apr 30, 2026NT 20-F NOTIFICATION OF LATE FILING EDGAR
  13. Apr 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Jan 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. Oct 7, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Sep 30, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Aug 22, 2025EFFECT EDGAR
  18. Aug 21, 2025CORRESP EDGAR
  19. Aug 20, 2025F-3/A AMENDMENT NO. 1 TO FORM F-3 EDGAR
  20. Aug 14, 2025UPLOAD EDGAR

The 99 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Huizhi ZhangSC 13G, 1 filing Dec 12, 20249
  • Hung To PauSC 13G, 1 filing Dec 12, 202410
  • Zhicheng JiangSC 13G, 1 filing Dec 12, 202411
  • Jie LiuSC 13G, 1 filing Feb 5, 202412

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$325.0K 2026–2026
Money received by yearMoney received by year, 2026–2026: $325.0K in all. Private raises (Form D) $325.0K.$0$100K$200K$300K$400K2026 · Private raises (Form D): $325.0K2026
Figures by year
YearPrivate raises (Form D)Total
2026$325.0K$325.0K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Apr 11, 2026Raised $325,000 in a private offering of equity8 Form D: 1 investor so far Form D

SEC filer profile

How Hongli Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHongli Group Inc.1
  • CIK0001855557
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Industry code (SIC)3569 General Industrial Machinery & Equipment, NEC1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressNo. 777, Daiyi Road,, Changle County, Weifang City,, Shandong Province,, China1
  • Phone86 0536-21808861
  • Shares outstanding73,438,750 shares as of Dec 31, 20254
  • AuditorHTL International, LLC, Houston, Texas PCAOB ID 7000; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceApr 16, 20211
  • Filings108 in all: 6-K (26), F-1/A (16), CORRESP (15), UPLOAD (14), 20-F (4), SC 13G (4), DRS/A (3), EFFECT (3)1
    All 24 form types

    NT 20-F (3), 144 (2), DRSLTR (2), F-3 (2), F-3/A (2), FWP (2), 144/A (1), 424B3 (1), 424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), D (1), DRS (1), F-1 (1), S-8 (1)

  • Latest filingsAnnual report (20-F) May 13, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary shares, par value $0.0001HLPNASDAQ

From the cover page of the 20-F filed May 13, 2026 (Section 12(b) of the Exchange Act).4

Sources

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