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Hongli Group Inc. (China)

Main Activities: Other General Purpose Machinery Manufacturing
Full name: Hongli Group Inc. Profile Updated: November 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

The Company produces cold roll-formed steel profiles for machinery and equipment used in several industries such as mining and excavation, building, agriculture, and transportation.
The Company is an offshore holding company incorporated in the Cayman Islands. The Company serves as a holding company and conducts its businesses through its subsidiaries and the consolidated variable interest entity (the “VIE”) and the subsidiaries of the VIE. The Company is engaged in a business in providing solutions, including the manufacturing and selling of customized metal profiles in the People's Republic of China.
The PRC operating entities are cold roll formed steel profile manufacturers in China with respect to function innovation, performance improvement, and customized manufacturing of their products, according to China Sub-Association for Cold Formed Steel Industries, a professional industrial association. The PRC operating entities' main business operation focuses on the design, production, deep processing, and sales of custom-made profile for machinery and equipment in a variety of sectors including but not limited in mining and excavation, construction, agriculture, and transportation industries.
HISTORY
2021 The Company was incorporated in Cayman Islands as an exempted company with limited liability on February 9, 2021 under name Hongli Group Inc. .
2023 The Company s ordinary shares commenced trading under the symbol “HLP” on March 29, 2023.

Headquarters
Beisanli Street, Economic Development Zone, Changle County
Weifang; Shandong; Postal Code: 262400

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Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2021
Key Executives
Ownership Details
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61.42%
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Subsidiaries
Hongli Hong Kong Limited (Hong Kong SAR, China)
Shandong Xiangfeng Heavy Industry Co., Ltd.
Company Performance
Financial values in the chart are available after Hongli Group Inc. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
-21.91%
Total operating revenue
-21.91%
Operating profit (EBIT)
N/A
EBITDA
N/A
Net Profit (Loss) for the Period
N/A
Total assets
4.95%
Total equity
0.51%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Debt to Equity Ratio
13.84%
Quick Ratio
-0.12%
Cash Ratio
0.02%

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