Hongli Group Inc.(US:HLP) Jin Rong Jie·2025-08-07 13:59Core Viewpoint - Hongli Special Steel (HLP) experienced a 2.45% increase in stock price, reaching $0.67 per share, with a total market capitalization of $49.204 million as of August 7 [1] Financial Performance - As of December 31, 2024, Hongli Special Steel reported total revenue of $14.1056 million, a year-on-year decrease of 11.83% [1] - The net profit attributable to the parent company was -$1.8816 million, reflecting a significant year-on-year decline of 317.6% [1] Company Overview - Hongli Group is a Cayman Islands-registered holding company primarily operating 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 produces a variety of 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 and milling [1] Product Applications - The high-quality products of the company are utilized in various sectors including construction machinery cabins, automotive body components, building products, curtain wall partitions, power plant equipment, conveying devices, solar equipment, communication devices, and furniture [1]