Hongli Group Inc.(US:HLP) Jin Rong Jie·2025-08-11 13:48Core Viewpoint - Hongli Special Steel (HLP) experienced a 2.02% increase in stock price, reaching $0.676 per share, with a total market capitalization of $49.6446 million as of August 11 [1] Financial Performance - For the fiscal year ending December 31, 2024, Hongli Special Steel reported total revenue of $14.1056 million, reflecting a year-on-year decrease of 11.83% [1] - The company recorded a net profit attributable to shareholders of -$1.8816 million, which represents a significant year-on-year decline of 317.6% [1] Company Overview - Hongli Group Company is a foreign holding company registered in the Cayman Islands, primarily operating through its domestic subsidiary, Shandong Hongli Special Pipe Co., Ltd. [1] - Shandong Hongli Special Pipe Co., Ltd. was established in September 1999 and 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 and milling [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, conveying devices, solar equipment, communication devices, and furniture [1]