Hongli Group Inc. (HLP) 10-Year Financial Performance & Capital Metrics

HLP • • Industrial / General

Basic MaterialsSteelSpecialty Steel & ComponentsSpecialty Steel Fabricators

AboutHongli 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 serves mining and excavation, construction, agriculture, and transportation industries. The company was incorporated in 2021 and is headquartered in Weifang, China. Hongli Group Inc. is a subsidiary of Hongli Development Limited.Show more

Revenue $14M -11.8%
EBITDA -$640K -131.0%
Net Income -$2M -317.6%
EPS (Diluted) -0.03 -134.8%
Gross Margin 32.04% -2.3%
EBITDA Margin -4.54% -135.1%
Operating Margin -11.22% -276.0%
Net Margin -13.34% -346.8%
ROE -5.04% -200.9%
ROIC -2.6% -197.4%
Debt/Equity 0.18 -59.4%
Interest Coverage -3.39 -313.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.1x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 14 (bottom 14%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y8.7%

3Y-13.39%

TTM-28.32%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-116.58%

EPS CAGR

10Y-

5Y-

3Y-

TTM-114.61%

ROCE

10Y Avg24.58%

5Y Avg18.55%

3Y Avg5.54%

Latest-3.9%

Peer Comparison

Specialty Steel Fabricators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
INHDInno Holdings Inc. Common Stock	10.55M	1.49	-1.14	221.43%	-248.55%	-46.68%	0.00
KBSXFST Corp.	60.43M	1.35	-2.87	27.04%	-20.83%	-65.61%	0.67
HLPHongli Group Inc.	58.75M	0.80	-31.25	-11.83%	-3.38%	-1.9%	0.18

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.29M	11.16M	21.71M	20.28M	16M	14.11M
Revenue Growth %	-	0.2%	0.95%	-0.07%	-0.21%	-0.12%
Cost of Goods Sold+	5.3M	6.71M	14.06M	13.27M	10.75M	9.59M
COGS % of Revenue	0.57%	0.6%	0.65%	0.65%	0.67%	0.68%
Gross Profit+	3.99M	4.45M	7.65M	7.01M	5.25M	4.52M
Gross Margin %	0.43%	0.4%	0.35%	0.35%	0.33%	0.32%
Gross Profit Growth %	-	0.12%	0.72%	-0.08%	-0.25%	-0.14%
Operating Expenses+	1.11M	1.98M	3.72M	4.09M	4.23M	6.1M
OpEx % of Revenue	0.12%	0.18%	0.17%	0.2%	0.26%	0.43%
Selling, General & Admin	1.11M	1.18M	2.18M	2.59M	3.14M	6.1M
SG&A % of Revenue	0.12%	0.11%	0.1%	0.13%	0.2%	0.43%
Research & Development	325.09K	643.96K	1.47M	1.41M	962.96K	818.32K
R&D % of Revenue	0.03%	0.06%	0.07%	0.07%	0.06%	0.06%
Other Operating Expenses	-325.09K	156.51K	68.54K	82.29K	117.89K	-818.32K
Operating Income+	2.88M	2.47M	3.94M	2.92M	1.02M	-1.58M
Operating Margin %	0.31%	0.22%	0.18%	0.14%	0.06%	-0.11%
Operating Income Growth %	-	-0.14%	0.59%	-0.26%	-0.65%	-2.55%
EBITDA+	3.48M	3.15M	4.64M	3.58M	2.07M	-640.25K
EBITDA Margin %	0.37%	0.28%	0.21%	0.18%	0.13%	-0.05%
EBITDA Growth %	-	-0.09%	0.47%	-0.23%	-0.42%	-1.31%
D&A (Non-Cash Add-back)	596.07K	683.3K	701.79K	655.41K	1.05M	943.04K
EBIT	2.88M	2.93M	3.96M	3.65M	1.58M	-1.41M
Net Interest Income+	-256.16K	-372.55K	-537.52K	-244K	-643K	-466.39K
Interest Income	0	0	0	0	0	0
Interest Expense	256.16K	372.55K	537.52K	244K	643K	466.39K
Other Income/Expense	-212.76K	193.93K	-470.12K	291.11K	-87.97K	-289.95K
Pretax Income+	2.67M	2.66M	3.47M	3.21M	932.46K	-1.87M
Pretax Margin %	0.29%	0.24%	0.16%	0.16%	0.06%	-0.13%
Income Tax+	588.55K	239.5K	263.08K	280.07K	67.74K	8.39K
Effective Tax Rate %	0.78%	0.91%	0.92%	0.91%	0.93%	1%
Net Income+	2.08M	2.42M	3.2M	2.93M	864.72K	-1.88M
Net Margin %	0.22%	0.22%	0.15%	0.14%	0.05%	-0.13%
Net Income Growth %	-	0.17%	0.32%	-0.08%	-0.71%	-3.18%
Net Income (Continuing)	2.08M	2.42M	3.2M	2.93M	864.72K	-1.88M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	0.17	0.20	0.27	0.24	0.07	-0.03
EPS Growth %	-	0.18%	0.35%	-0.11%	-0.69%	-1.35%
EPS (Basic)	0.17	0.20	0.27	0.24	0.07	-0.03
Diluted Shares Outstanding	12.06M	12.06M	12.06M	12.06M	11.75M	73.44M
Basic Shares Outstanding	12.06M	12.06M	12.06M	12.06M	11.75M	73.44M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	5.2M	7.09M	11.4M	14.06M	10.82M	11.94M
Cash & Short-Term Investments	280.84K	1.43M	484.39K	2.09M	815.67K	909.72K
Cash Only	280.84K	1.43M	484.39K	2.09M	775.69K	909.72K
Short-Term Investments	0	0	0	0	39.98K	0
Accounts Receivable	3.73M	3.63M	6.04M	7.73M	6.59M	6.33M
Days Sales Outstanding	146.5	118.78	101.49	139.15	150.4	163.84
Inventory	897.92K	1.43M	2.97M	2.61M	2.35M	2.67M
Days Inventory Outstanding	61.82	77.62	77.06	71.86	79.77	101.82
Other Current Assets	15.48K	93.08K	156.06K	97.3K	28.47K	28.52K
Total Non-Current Assets+	4.72M	4.95M	10.45M	22.1M	21.31M	53.08M
Property, Plant & Equipment	3.97M	4.07M	6M	13.6M	11.43M	10.39M
Fixed Asset Turnover	2.34x	2.74x	3.62x	1.49x	1.40x	1.36x
Goodwill	0	0	0	0	0	0
Intangible Assets	703.4K	726.58K	722.36K	4.96M	4.66M	4.43M
Long-Term Investments	0	0	0	0	-4.7M	32.88M
Other Non-Current Assets	44.03K	147.11K	3.73M	3.54M	9.91M	5.34M
Total Assets+	9.91M	13.57M	21.85M	36.16M	32.13M	65.01M
Asset Turnover	0.94x	0.82x	0.99x	0.56x	0.50x	0.22x
Asset Growth %	-	0.37%	0.61%	0.66%	-0.11%	1.02%
Total Current Liabilities+	4.65M	5.53M	9.69M	12.44M	7.68M	8.21M
Accounts Payable	475.13K	950.64K	2.45M	2.96M	1.38M	1.38M
Days Payables Outstanding	32.71	51.74	63.56	81.31	46.82	52.55
Short-Term Debt	3.53M	3.82M	5.66M	6.02M	5.73M	6.08M
Deferred Revenue (Current)	36.03K	16.85K	169.09K	57.91K	178.13K	219.93K
Other Current Liabilities	400.83K	600.44K	691.79K	2.76M	228.18K	0
Current Ratio	1.12x	1.28x	1.18x	1.13x	1.41x	1.45x
Quick Ratio	0.92x	1.02x	0.87x	0.92x	1.10x	1.13x
Cash Conversion Cycle	175.61	144.67	114.99	129.7	183.35	213.1
Total Non-Current Liabilities+	112.12K	0	670.93K	10.25M	3.34M	3.31M
Long-Term Debt	0	0	0	10.15M	3.34M	3.31M
Capital Lease Obligations	73.01K	0	292.13K	46.62K	0	0
Deferred Tax Liabilities	0	0	0	15.22K	0	0
Other Non-Current Liabilities	39.11K	0	378.8K	42.22K	0	0
Total Liabilities	4.76M	5.53M	10.36M	22.69M	11.02M	11.52M
Total Debt+	3.72M	3.9M	6.48M	16.53M	9.11M	9.38M
Net Debt	3.44M	2.47M	6M	14.44M	8.33M	8.47M
Debt / Equity	0.72x	0.49x	0.56x	1.23x	0.43x	0.18x
Debt / EBITDA	1.07x	1.24x	1.40x	4.62x	4.41x	-
Net Debt / EBITDA	0.99x	0.78x	1.29x	4.04x	4.03x	-
Interest Coverage	11.25x	6.63x	7.32x	11.97x	1.59x	-3.39x
Total Equity+	5.15M	8.04M	11.49M	13.47M	21.11M	53.49M
Equity Growth %	-	0.56%	0.43%	0.17%	0.57%	1.53%
Book Value per Share	0.43	0.67	0.95	1.12	1.80	0.73
Total Shareholders' Equity	5.15M	8.04M	11.49M	13.47M	21.11M	53.49M
Common Stock	1.8K	1.8K	1K	1K	1.22K	7.34K
Retained Earnings	4.18M	6.61M	9.81M	12.74M	13.61M	11.72M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	354.38K	822.37K	1.07M	123.11K	-536.05K	-1.24M
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.79M	2.76M	1.14M	2.49M	884.92K	-414.03K
Operating CF Margin %	0.19%	0.25%	0.05%	0.12%	0.06%	-0.03%
Operating CF Growth %	-	0.55%	-0.59%	1.19%	-0.65%	-1.47%
Net Income	2.08M	2.42M	3.2M	2.93M	864.72K	-1.88M
Depreciation & Amortization	596.07K	683.3K	701.79K	655.41K	1.05M	943.04K
Stock-Based Compensation	0	0	0	0	0	1.97M
Deferred Taxes	0	0	0	15.6K	-25.13K	-31.22K
Other Non-Cash Items	17.62K	77.2K	-3.01K	7.3K	-286.2K	96.72K
Working Capital Changes	-904.46K	-419.72K	-2.76M	-1.12M	-714.03K	-1.51M
Change in Receivables	560.19K	-619.95K	-1.84M	-2.88M	1.21M	-339.69K
Change in Inventory	-191.23K	-445.42K	-1.46M	131.69K	190.14K	-389.78K
Change in Payables	-82.3K	387.51K	1.4M	523.9K	-1.56M	39.27K
Cash from Investing+	-1.34M	-2.01M	-3.05M	-11.67M	-2.25M	-33.31M
Capital Expenditures	-1.34M	-584.61K	-1M	-9.53M	-2.08M	-32.51K
CapEx % of Revenue	0.14%	0.05%	0.05%	0.47%	0.13%	0%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	21.96K	0	1.49M	-174.71K	349.02K
Cash from Financing+	-625.45K	322.58K	983.36K	10.84M	382.09K	33.51M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	-648.6K	378.53K	42.3K	210.12K	118.11K	-21.53K
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	446.23K	2.18M	134.98K	-7.04M	21.13K	-446.54K
FCF Margin %	0.05%	0.2%	0.01%	-0.35%	0%	-0.03%
FCF Growth %	-	3.89%	-0.94%	-53.15%	1%	-22.13%
FCF per Share	0.04	0.18	0.01	-0.58	0.00	-0.01
FCF Conversion (FCF/Net Income)	0.86x	1.14x	0.36x	0.85x	1.02x	0.22x
Interest Paid	269.13K	258.24K	313.68K	371.21K	650.8K	599.52K
Taxes Paid	629.81K	302.86K	324.11K	72.52K	374.49K	38.8K

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	40.4%	36.76%	32.8%	23.49%	5%	-5.04%
Return on Invested Capital (ROIC)	25.16%	19.4%	21.09%	9.65%	2.67%	-2.6%
Gross Margin	42.95%	39.9%	35.25%	34.55%	32.79%	32.04%
Net Margin	22.38%	21.72%	14.75%	14.46%	5.41%	-13.34%
Debt / Equity	0.72x	0.49x	0.56x	1.23x	0.43x	0.18x
Interest Coverage	11.25x	6.63x	7.32x	11.97x	1.59x	-3.39x
FCF Conversion	0.86x	1.14x	0.36x	0.85x	1.02x	0.22x
Revenue Growth	-	20.07%	94.58%	-6.59%	-21.13%	-11.83%

Revenue by Geography

	2023	2024
CHINA	12.12M	12.2M
CHINA Growth	-	0.65%

Frequently Asked Questions

Growth & Financials

Hongli Group Inc. (HLP) reported $30.1M in revenue for fiscal year 2024. This represents a 224% increase from $9.3M in 2019.

Hongli Group Inc. (HLP) saw revenue decline by 11.8% over the past year.

Hongli Group Inc. (HLP) reported a net loss of $1.0M for fiscal year 2024.

Dividend & Returns

Hongli Group Inc. (HLP) has a return on equity (ROE) of -5.0%. Negative ROE indicates the company is unprofitable.

Hongli Group Inc. (HLP) had negative free cash flow of $1.9M in fiscal year 2024, likely due to heavy capital investments.

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Hongli Group Inc. (HLP) 10-Year Financial Performance & Capital Metrics

HLP • • Industrial / General

Basic MaterialsSteelSpecialty Steel & ComponentsSpecialty Steel Fabricators

Revenue $14M -11.8%
EBITDA -$640K -131.0%
Net Income -$2M -317.6%
EPS (Diluted) -0.03 -134.8%
Gross Margin 32.04% -2.3%
EBITDA Margin -4.54% -135.1%
Operating Margin -11.22% -276.0%
Net Margin -13.34% -346.8%
ROE -5.04% -200.9%
ROIC -2.6% -197.4%
Debt/Equity 0.18 -59.4%
Interest Coverage -3.39 -313.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.1x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 14 (bottom 14%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y8.7%

3Y-13.39%

TTM-28.32%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-116.58%

EPS CAGR

10Y-

5Y-

3Y-

TTM-114.61%

ROCE

10Y Avg24.58%

5Y Avg18.55%

3Y Avg5.54%

Latest-3.9%

Peer Comparison

Specialty Steel Fabricators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
INHDInno Holdings Inc. Common Stock	10.55M	1.49	-1.14	221.43%	-248.55%	-46.68%	0.00
KBSXFST Corp.	60.43M	1.35	-2.87	27.04%	-20.83%	-65.61%	0.67
HLPHongli Group Inc.	58.75M	0.80	-31.25	-11.83%	-3.38%	-1.9%	0.18

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.29M	11.16M	21.71M	20.28M	16M	14.11M
Revenue Growth %	-	0.2%	0.95%	-0.07%	-0.21%	-0.12%
Cost of Goods Sold+	5.3M	6.71M	14.06M	13.27M	10.75M	9.59M
COGS % of Revenue	0.57%	0.6%	0.65%	0.65%	0.67%	0.68%
Gross Profit+	3.99M	4.45M	7.65M	7.01M	5.25M	4.52M
Gross Margin %	0.43%	0.4%	0.35%	0.35%	0.33%	0.32%
Gross Profit Growth %	-	0.12%	0.72%	-0.08%	-0.25%	-0.14%
Operating Expenses+	1.11M	1.98M	3.72M	4.09M	4.23M	6.1M
OpEx % of Revenue	0.12%	0.18%	0.17%	0.2%	0.26%	0.43%
Selling, General & Admin	1.11M	1.18M	2.18M	2.59M	3.14M	6.1M
SG&A % of Revenue	0.12%	0.11%	0.1%	0.13%	0.2%	0.43%
Research & Development	325.09K	643.96K	1.47M	1.41M	962.96K	818.32K
R&D % of Revenue	0.03%	0.06%	0.07%	0.07%	0.06%	0.06%
Other Operating Expenses	-325.09K	156.51K	68.54K	82.29K	117.89K	-818.32K
Operating Income+	2.88M	2.47M	3.94M	2.92M	1.02M	-1.58M
Operating Margin %	0.31%	0.22%	0.18%	0.14%	0.06%	-0.11%
Operating Income Growth %	-	-0.14%	0.59%	-0.26%	-0.65%	-2.55%
EBITDA+	3.48M	3.15M	4.64M	3.58M	2.07M	-640.25K
EBITDA Margin %	0.37%	0.28%	0.21%	0.18%	0.13%	-0.05%
EBITDA Growth %	-	-0.09%	0.47%	-0.23%	-0.42%	-1.31%
D&A (Non-Cash Add-back)	596.07K	683.3K	701.79K	655.41K	1.05M	943.04K
EBIT	2.88M	2.93M	3.96M	3.65M	1.58M	-1.41M
Net Interest Income+	-256.16K	-372.55K	-537.52K	-244K	-643K	-466.39K
Interest Income	0	0	0	0	0	0
Interest Expense	256.16K	372.55K	537.52K	244K	643K	466.39K
Other Income/Expense	-212.76K	193.93K	-470.12K	291.11K	-87.97K	-289.95K
Pretax Income+	2.67M	2.66M	3.47M	3.21M	932.46K	-1.87M
Pretax Margin %	0.29%	0.24%	0.16%	0.16%	0.06%	-0.13%
Income Tax+	588.55K	239.5K	263.08K	280.07K	67.74K	8.39K
Effective Tax Rate %	0.78%	0.91%	0.92%	0.91%	0.93%	1%
Net Income+	2.08M	2.42M	3.2M	2.93M	864.72K	-1.88M
Net Margin %	0.22%	0.22%	0.15%	0.14%	0.05%	-0.13%
Net Income Growth %	-	0.17%	0.32%	-0.08%	-0.71%	-3.18%
Net Income (Continuing)	2.08M	2.42M	3.2M	2.93M	864.72K	-1.88M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	0.17	0.20	0.27	0.24	0.07	-0.03
EPS Growth %	-	0.18%	0.35%	-0.11%	-0.69%	-1.35%
EPS (Basic)	0.17	0.20	0.27	0.24	0.07	-0.03
Diluted Shares Outstanding	12.06M	12.06M	12.06M	12.06M	11.75M	73.44M
Basic Shares Outstanding	12.06M	12.06M	12.06M	12.06M	11.75M	73.44M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	5.2M	7.09M	11.4M	14.06M	10.82M	11.94M
Cash & Short-Term Investments	280.84K	1.43M	484.39K	2.09M	815.67K	909.72K
Cash Only	280.84K	1.43M	484.39K	2.09M	775.69K	909.72K
Short-Term Investments	0	0	0	0	39.98K	0
Accounts Receivable	3.73M	3.63M	6.04M	7.73M	6.59M	6.33M
Days Sales Outstanding	146.5	118.78	101.49	139.15	150.4	163.84
Inventory	897.92K	1.43M	2.97M	2.61M	2.35M	2.67M
Days Inventory Outstanding	61.82	77.62	77.06	71.86	79.77	101.82
Other Current Assets	15.48K	93.08K	156.06K	97.3K	28.47K	28.52K
Total Non-Current Assets+	4.72M	4.95M	10.45M	22.1M	21.31M	53.08M
Property, Plant & Equipment	3.97M	4.07M	6M	13.6M	11.43M	10.39M
Fixed Asset Turnover	2.34x	2.74x	3.62x	1.49x	1.40x	1.36x
Goodwill	0	0	0	0	0	0
Intangible Assets	703.4K	726.58K	722.36K	4.96M	4.66M	4.43M
Long-Term Investments	0	0	0	0	-4.7M	32.88M
Other Non-Current Assets	44.03K	147.11K	3.73M	3.54M	9.91M	5.34M
Total Assets+	9.91M	13.57M	21.85M	36.16M	32.13M	65.01M
Asset Turnover	0.94x	0.82x	0.99x	0.56x	0.50x	0.22x
Asset Growth %	-	0.37%	0.61%	0.66%	-0.11%	1.02%
Total Current Liabilities+	4.65M	5.53M	9.69M	12.44M	7.68M	8.21M
Accounts Payable	475.13K	950.64K	2.45M	2.96M	1.38M	1.38M
Days Payables Outstanding	32.71	51.74	63.56	81.31	46.82	52.55
Short-Term Debt	3.53M	3.82M	5.66M	6.02M	5.73M	6.08M
Deferred Revenue (Current)	36.03K	16.85K	169.09K	57.91K	178.13K	219.93K
Other Current Liabilities	400.83K	600.44K	691.79K	2.76M	228.18K	0
Current Ratio	1.12x	1.28x	1.18x	1.13x	1.41x	1.45x
Quick Ratio	0.92x	1.02x	0.87x	0.92x	1.10x	1.13x
Cash Conversion Cycle	175.61	144.67	114.99	129.7	183.35	213.1
Total Non-Current Liabilities+	112.12K	0	670.93K	10.25M	3.34M	3.31M
Long-Term Debt	0	0	0	10.15M	3.34M	3.31M
Capital Lease Obligations	73.01K	0	292.13K	46.62K	0	0
Deferred Tax Liabilities	0	0	0	15.22K	0	0
Other Non-Current Liabilities	39.11K	0	378.8K	42.22K	0	0
Total Liabilities	4.76M	5.53M	10.36M	22.69M	11.02M	11.52M
Total Debt+	3.72M	3.9M	6.48M	16.53M	9.11M	9.38M
Net Debt	3.44M	2.47M	6M	14.44M	8.33M	8.47M
Debt / Equity	0.72x	0.49x	0.56x	1.23x	0.43x	0.18x
Debt / EBITDA	1.07x	1.24x	1.40x	4.62x	4.41x	-
Net Debt / EBITDA	0.99x	0.78x	1.29x	4.04x	4.03x	-
Interest Coverage	11.25x	6.63x	7.32x	11.97x	1.59x	-3.39x
Total Equity+	5.15M	8.04M	11.49M	13.47M	21.11M	53.49M
Equity Growth %	-	0.56%	0.43%	0.17%	0.57%	1.53%
Book Value per Share	0.43	0.67	0.95	1.12	1.80	0.73
Total Shareholders' Equity	5.15M	8.04M	11.49M	13.47M	21.11M	53.49M
Common Stock	1.8K	1.8K	1K	1K	1.22K	7.34K
Retained Earnings	4.18M	6.61M	9.81M	12.74M	13.61M	11.72M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	354.38K	822.37K	1.07M	123.11K	-536.05K	-1.24M
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.79M	2.76M	1.14M	2.49M	884.92K	-414.03K
Operating CF Margin %	0.19%	0.25%	0.05%	0.12%	0.06%	-0.03%
Operating CF Growth %	-	0.55%	-0.59%	1.19%	-0.65%	-1.47%
Net Income	2.08M	2.42M	3.2M	2.93M	864.72K	-1.88M
Depreciation & Amortization	596.07K	683.3K	701.79K	655.41K	1.05M	943.04K
Stock-Based Compensation	0	0	0	0	0	1.97M
Deferred Taxes	0	0	0	15.6K	-25.13K	-31.22K
Other Non-Cash Items	17.62K	77.2K	-3.01K	7.3K	-286.2K	96.72K
Working Capital Changes	-904.46K	-419.72K	-2.76M	-1.12M	-714.03K	-1.51M
Change in Receivables	560.19K	-619.95K	-1.84M	-2.88M	1.21M	-339.69K
Change in Inventory	-191.23K	-445.42K	-1.46M	131.69K	190.14K	-389.78K
Change in Payables	-82.3K	387.51K	1.4M	523.9K	-1.56M	39.27K
Cash from Investing+	-1.34M	-2.01M	-3.05M	-11.67M	-2.25M	-33.31M
Capital Expenditures	-1.34M	-584.61K	-1M	-9.53M	-2.08M	-32.51K
CapEx % of Revenue	0.14%	0.05%	0.05%	0.47%	0.13%	0%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	21.96K	0	1.49M	-174.71K	349.02K
Cash from Financing+	-625.45K	322.58K	983.36K	10.84M	382.09K	33.51M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	-648.6K	378.53K	42.3K	210.12K	118.11K	-21.53K
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	446.23K	2.18M	134.98K	-7.04M	21.13K	-446.54K
FCF Margin %	0.05%	0.2%	0.01%	-0.35%	0%	-0.03%
FCF Growth %	-	3.89%	-0.94%	-53.15%	1%	-22.13%
FCF per Share	0.04	0.18	0.01	-0.58	0.00	-0.01
FCF Conversion (FCF/Net Income)	0.86x	1.14x	0.36x	0.85x	1.02x	0.22x
Interest Paid	269.13K	258.24K	313.68K	371.21K	650.8K	599.52K
Taxes Paid	629.81K	302.86K	324.11K	72.52K	374.49K	38.8K

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	40.4%	36.76%	32.8%	23.49%	5%	-5.04%
Return on Invested Capital (ROIC)	25.16%	19.4%	21.09%	9.65%	2.67%	-2.6%
Gross Margin	42.95%	39.9%	35.25%	34.55%	32.79%	32.04%
Net Margin	22.38%	21.72%	14.75%	14.46%	5.41%	-13.34%
Debt / Equity	0.72x	0.49x	0.56x	1.23x	0.43x	0.18x
Interest Coverage	11.25x	6.63x	7.32x	11.97x	1.59x	-3.39x
FCF Conversion	0.86x	1.14x	0.36x	0.85x	1.02x	0.22x
Revenue Growth	-	20.07%	94.58%	-6.59%	-21.13%	-11.83%

Revenue by Geography

	2023	2024
CHINA	12.12M	12.2M
CHINA Growth	-	0.65%

Frequently Asked Questions

Growth & Financials

Hongli Group Inc. (HLP) reported $30.1M in revenue for fiscal year 2024. This represents a 224% increase from $9.3M in 2019.

Hongli Group Inc. (HLP) saw revenue decline by 11.8% over the past year.

Hongli Group Inc. (HLP) reported a net loss of $1.0M for fiscal year 2024.

Dividend & Returns

Hongli Group Inc. (HLP) has a return on equity (ROE) of -5.0%. Negative ROE indicates the company is unprofitable.

Hongli Group Inc. (HLP) had negative free cash flow of $1.9M in fiscal year 2024, likely due to heavy capital investments.