HLP

MKT CAP:$66M

Hongli Group Inc.

Market Cap

$66M

Basic Materials·Steel·🇨🇳 China·NASDAQ

Materials·Steel·🇨🇳·NASDAQ

Stock Price

$0.94-$0.08 (-7.47%)

Apr 22, 2026

Company Details

Hongli Group Inc., through its subsidiaries, designs, customizes, manufactures, and sells cold roll formed steel profiles for machinery and equipment in the People's Republic of China, South Korea, Japan, the United States, and Sweden. It s...

CEO

Jie Liu

IPO Date

Mar 29, 2023

Website

www.hlyxgg.com

Key Metrics TTM

Revenue

$31M

-24.3% YoY

Net Income

-$823.2K

EPS (Diluted)

-$0.13

Free Cash Flow

-$1M

Revenue / Share

$0.42

Gross Margin

32.5%

Operating Margin

-0.2%

Net Margin

-2.7%

FCF Margin

-3.5%

P/S

2.1x

P/E

—

Earnings Reports

Q2 2025

Sep 30, 2025

$10M+37.7%EPS $0.01

FY 2024

May 12, 2025

$14M-11.8%EPS -$0.03

Q4 2024

May 12, 2025

$7M+0.9%EPS $0.00

Q2 2024

Sep 19, 2024

$7M-21.9%EPS -$0.15

FY 2023

Apr 30, 2024

$16M-21.1%EPS $0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 19	$5M	$2M	$1M
Q4 19	$5M	$2M	$1M
Q2 20	$5M	$2M	$1M
Q4 20	$6M	$2M	$1M
Q2 21	$10M	$3M	$2M
Q4 21	$11M	$4M	$2M
Q2 22	$10M	$3M	$2M
Q4 22	$10M	$3M	$1M
Q2 23	$9M	$3M	$785.0K
Q4 23	$7M	$2M	$235.4K
Q2 24	$7M	$2M	-$2M
Q4 24	$7M	$2M	$110.9K
Q2 25	$10M	$3M	$1M

Valuation

Quarter	P/S	P/E
Q2 19	—	—
Q4 19	—	—
Q2 20	—	—
Q4 20	3.2x	14.7x
Q2 21	2.5x	13.4x
Q4 21	2.0x	11.8x
Q2 22	1.7x	10.0x
Q4 22	1.6x	10.8x
Q2 23	1.6x	12.1x
Q4 23	1.8x	17.4x
Q2 24	2.0x	2372.7x
Q4 24	2.2x	—
Q2 25	2.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 19	$894.3K	$223.1K
Q4 19	$894.3K	$223.1K
Q2 20	$828.0K	$607.7K
Q4 20	$1M	$897.0K
Q2 21	-$623.1K	-$774.9K
Q4 21	$1M	$541.4K
Q2 22	$2M	-$85.1K
Q4 22	$890.3K	-$11M
Q2 23	-$1M	-$1M
Q4 23	$2M	$21.3K
Q2 24	-$1M	-$2M
Q4 24	$804.3K	$881.1K
Q2 25	-$276.2K	-$376.4K

Capital Expenditures

Quarter	CapEx
Q2 19	$671.2K
Q4 19	$671.2K
Q2 20	$220.3K
Q4 20	$364.3K
Q2 21	$151.8K
Q4 21	$852.9K
Q2 22	$2M
Q4 22	$11M
Q2 23	$173.2K
Q4 23	$2M
Q2 24	$386.5K
Q4 24	$76.8K
Q2 25	$100.2K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+120.8%	+158.0%
Q4 21	+146.5%	+196.5%
Q2 22	+116.1%	+144.3%
Q4 22	+55.4%	+67.2%
Q2 23	-13.1%	-1.7%
Q4 23	-38.2%	-28.0%
Q2 24	-33.6%	-3.5%
Q4 24	-27.1%	-16.2%
Q2 25	+7.5%	+2.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 19	$0	0.0%
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$2M	28.3%
Q4 24	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 19	$162.5K	—	—	$555.6K
Q4 19	$162.5K	—	—	$555.6K
Q2 20	$289.0K	—	—	$438.4K
Q4 20	$228.0K	—	—	$744.1K
Q2 21	$531.0K	—	—	$887.3K
Q4 21	$877.7K	—	—	$1M
Q2 22	$743.0K	—	—	$1M
Q4 22	$669.4K	$500.9K	$121.2K	—
Q2 23	$643.7K	$653.2K	$155.4K	—
Q4 23	$319.3K	$1M	$320.6K	—
Q2 24	$434.7K	$1M	$258.9K	—
Q4 24	$383.6K	$1M	$306.1K	—
Q2 25	$482.5K	$1M	$303.9K	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 19	$280.8K	$0	$280.8K
Q4 20	$1M	$0	$1M
Q2 21	$436.7K	$0	$436.7K
Q4 21	$484.4K	$0	$484.4K
Q2 22	$544.7K	$0	$544.7K
Q4 22	$2M	$0	$2M
Q2 23	$678.8K	$262.0K	$940.8K
Q4 23	$775.7K	$40.0K	$815.7K
Q2 24	$930.4K	$0	$930.4K
Q4 24	$909.7K	$0	$909.7K
Q2 25	$923.3K	$0	$923.3K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 19	12M	—	—
Q4 19	12M	0.0%	—
Q2 20	12M	0.0%	—
Q4 20	12M	0.0%	—
Q2 21	12M	0.0%	0.0%
Q4 21	12M	0.0%	0.0%
Q2 22	12M	0.0%	0.0%
Q4 22	12M	0.0%	0.0%
Q2 23	11M	-7.6%	-7.6%
Q4 23	12M	+10.8%	+2.4%
Q2 24	13M	+2.1%	+4.5%
Q4 24	73M	+482.5%	+508.8%
Q2 25	73M	0.0%	+558.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 19	—	—
Q4 19	—	—
Q2 20	—	—
Q4 20	—	—
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	$47.3K	207
Q2 23	$43.1K	207
Q4 23	$43.5K	163
Q2 24	$42.7K	163
Q4 24	$42.8K	167
Q2 25	$57.4K	167

Revenue / Employee