Hongli Group Inc.(US:HLP) Jin Rong Jie·2025-08-19 13:49Core Viewpoint - Hongli Steel (HLP) experienced a stock price increase of 5.08% on August 19, reaching $0.683 per share, with a total market capitalization of $50.14 million [1] Financial Performance - As of December 31, 2024, Hongli Steel reported total revenue of $14.11 million, a year-on-year decrease of 11.83% [1] - The company recorded a net profit attributable to shareholders of -$1.88 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. was established in September 1999 and is located in Weifang, known as the kite capital of China [1] - The company specializes in producing customized cold-formed profiles, rolled products, steel-aluminum composite pipes, and offers deep processing services such as 3D bending, 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]