HLP

WEIFANG, China, May 13, 2026 /PRNewswire/ -- Hongli Group Inc. (Nasdaq: HLP) (the "Company" or "Hongli Group"), a cold roll formed steel profile manufacturer, today announced its financial results for the fiscal year ended December 31, 2025, and the filing of its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (the "SEC") on May 13, 2026. Fiscal Year ended December 31, 2025, Full Year Highlights: Revenues for the fiscal year ended December 31, 2025, increased by 39.0% to $19.6 million compared to the prior year, driven by growth in both domestic and global markets; International sales grew by 58.2%. Gross profit increased by 41.2% to $6.4 million compared to $4.5 million in 2024. Operating expenses were approximately $3.9 million, representing a decrease of $2.2 million compared to $6.1 million in 2024. Sales and marketing expenses increased to $0.9 million compared to $0.7 million in 2024. Research and development expenses increased $0.2 million to $1.0 million for the year ended December 31, 2025. General and administrative expenses decreased $0.6 million. Net income reached approximately $1.9 million, or $0.03 per diluted share, for the year ended December 31, 2025, representing an approximate $3.8 million year-over-year turnaround from a net loss of approximately $1.9 million, or $0.11 per diluted share, for the year ended December 31, 2024. "Our strong performance for the fiscal year 2025 marked an important turnaround for Hongli Group as we successfully navigated the prior year's global economic headwinds to deliver a period of robust growth and improved operating results," said Mr. Jie Liu, Chief Executive Officer of Hongli Group. "Our financial results reflected a meaningful recovery, characterized by a 39.0% increase in total revenues to $19.6 million. This growth was driven by recovery in the domestic market in China and a 58.2% increase in our international sales, demonstrating the growing global demand for our products. By maintaining a disciplined approach to our cost structure and optimizing our financing through more favorable interest rates, we achieved a gross margin expansion to 32.5% and a substantial reduction in operating expenses. Most importantly, our focus on high-quality growth has allowed us to return to profitability, delivering $1.9 million in net income compared to a net loss in the previous year. As w...