Hongli Group Inc.(US:HLP) Jin Rong Jie·2025-08-04 14:22Core Viewpoint - Hongli Steel (HLP) experienced a 4.6% increase in stock price, closing at $0.651 per share with a total market capitalization of $47.7793 million as of August 4 [1] Financial Performance - For the fiscal year ending December 31, 2024, Hongli Steel reported total revenue of $14.1056 million, reflecting a year-over-year decrease of 11.83% [1] - The company recorded a net profit attributable to shareholders of -$1.8816 million, which represents a significant decline of 317.6% compared to the previous year [1] Company Overview - Hongli Group is a Cayman Islands-registered holding company that primarily operates through its domestic subsidiary, Shandong Hongli Special Pipe Co., Ltd [1] - Shandong Hongli Special Pipe Co., Ltd, established in September 1999, is located in Weifang, known as the Kite Capital [1] - The company specializes in producing customized open and closed cold-formed profiles, rolled products, steel-aluminum composite pipes, as well as deep processing services like 3D bending, 3D laser cutting, and drilling [1] Product Applications - The high-quality products manufactured by the company are utilized in various sectors, including construction machinery cabins, automotive body components, building products, curtain wall partitions, power plant equipment, conveyor systems, solar equipment, communication devices, and furniture [1]