Hongli Group Inc (OQ:HLP)
Business Focus: Industrial Machinery & Equipment
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| Company Contact | |
| Address: | Changle County Economic Development Zone WEIFANG SDG 262400 |
| Tel: | N/A |
| Website: | https://www.hlyxgg.com |
| IR: | See website |
| Key People | ||
| Jie Liu Chairman of the Board, Chief Executive Officer | Xiangmei Zeng Chief Financial Officer | |
| Business Overview |
| Hongli Group Inc is a holding company mainly engaged in the manufacturing and sales of cold-rolled formed steel profiles. The Company is primarily engaged in the design, production, further processing and sales of customized profiles for machinery and equipment through its subsidiaries. The Company's products are primarily used in industries such as mining and excavation, construction, agriculture and transportation. The Company mainly distributes its products in domestic and overseas markets. |
| Financial Overview |
| For the fiscal year ended 31 December 2022, Hongli Group Inc revenues decreased 7% to $20.3M. Net income decreased 8% to $2.9M. Revenues reflect PRC segment decrease of 9% to $15.3M. Net income also reflects Industrial Machinery & Equipment segment income decrease of 26% to $2.9M. Basic Earnings per Share excluding Extraordinary Items decreased from $0.27 to $0.24. |
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