HONGLI GROUP Stock Price, News & Analysis

Hongli Group Inc. (Nasdaq: HLP) is a Cayman Islands holding company that, through a series of contractual arrangements, consolidates the financial results of Shandong Hongli Special Section Tube Co., Ltd. and its subsidiaries. This operating group, often referred to in company disclosures as the Hongli Operating Group or the VIE, is engaged in the manufacturing of cold roll formed steel profiles, aligning the business with the iron and steel mills and ferroalloy manufacturing industry within the broader manufacturing sector.

The Hongli Operating Group focuses on the design, customization and manufacture of cold roll formed steel profiles for use in machineries and equipment. Company materials state that these products are supplied to a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation. This positions Hongli within supply chains that support industrial, infrastructure and equipment-related applications where specialized steel profiles are required.

According to the company’s descriptions in offering documents and press releases, the Hongli Operating Group has an operating history of over 20 years. Over this period, it has developed customers in more than 30 major cities in China and established a global network that includes South Korea, Japan, the United States and Sweden. The operating group reports having 11 cold roll forming production lines, and indicates that it produces a variety of distinct profile products in a broad range of materials, sizes and shapes. These characteristics underscore the company’s emphasis on customized and function-focused steel profile manufacturing.

Hongli Group Inc. is listed on The Nasdaq Capital Market under the ticker symbol HLP. The company has disclosed that it is a foreign private issuer and files reports with the U.S. Securities and Exchange Commission, including Form 20-F annual reports and Form 6-K current reports. Through these filings, investors can access financial statements, operating and financial review and prospects, and other regulatory disclosures related to the business.

Corporate and Holding Structure

In its public communications, Hongli Group Inc. explains that it is a Cayman Islands holding company with no operations of its own. Instead, it consolidates the financial results of Shandong Hongli Special Section Tube Co., Ltd. and its subsidiaries through contractual arrangements. These arrangements are described as a way for the holding company to reflect the performance of the underlying operating entities in China in its consolidated financial statements.

This structure means that when investors consider HLP stock, they are investing in the Cayman Islands holding company whose reported results are derived from the performance of the Hongli Operating Group. The operating subsidiaries are located in China and are responsible for the actual production and sale of cold roll formed steel profiles.

Business Focus and Industry Role

Company disclosures describe the Hongli Operating Group as one of the leading cold roll formed steel profile manufacturers with operating subsidiaries in China. The group emphasizes function innovation, performance improvement and customized manufacturing of its products, according to information included in its initial public offering materials and related press releases. Within the iron and steel mills and ferroalloy manufacturing industry, this positions Hongli as a specialist in cold roll-formed steel profiles for machinery and equipment applications.

The operating group’s customer base spans multiple sectors. It designs and manufactures profiles for machinery and equipment used in mining and excavation, construction, agriculture and transportation. By serving these different sectors, the company’s products are connected to activities such as resource extraction, building and infrastructure projects, agricultural operations and transport-related equipment, as described in its public statements.

Geographic Reach

According to the company’s own descriptions, the Hongli Operating Group has developed customers in more than 30 major cities in China. In addition, it reports having a global network that includes South Korea, Japan, the United States and Sweden. These references indicate that while the core operations and many customers are based in China, the company also has exposure to international markets through its network of customers or partners in these countries.

Production Capabilities

Hongli’s operating group reports that it currently operates 11 cold roll forming production lines. Company materials state that these lines are used to produce a variety of distinct profile products in a broad range of materials, sizes and shapes. This suggests a manufacturing setup oriented toward producing customized and specialized steel profiles rather than a single standardized product type, as reflected in the company’s emphasis on customization and function-focused design.

Stock Market Listing and Regulatory Disclosures

Hongli Group Inc. completed its initial public offering of ordinary shares on The Nasdaq Capital Market under the symbol HLP. Company press releases describe the offering of ordinary shares and note that the shares began trading under this ticker symbol. Subsequent news reports and Form 6-K filings confirm that HLP continues to be listed on The Nasdaq Capital Market, subject to Nasdaq’s listing requirements.

The company has disclosed interactions with Nasdaq regarding the minimum bid price requirement for continued listing. In a Form 6-K and related press releases, Hongli reported receiving a deficiency letter from Nasdaq’s Listing Qualifications Department indicating that the company was not in compliance with the requirement to maintain a minimum bid price of $1.00 per share over a specified period. The company also reported that this notice had no immediate effect on the continued listing status of its ordinary shares and outlined the compliance period and potential remedies described by Nasdaq rules.

Later, in another Form 6-K and a corresponding press release, Hongli reported that Nasdaq notified the company that it had regained compliance with the minimum bid price requirement after the closing bid price of its ordinary shares had traded at or above $1.00 per share for a specified number of consecutive business days. Nasdaq considered the matter resolved, and the company reported that the issue was closed. These disclosures provide insight into the company’s listing status and its interactions with Nasdaq’s continued listing standards.

Financial Reporting and SEC Filings

As a foreign private issuer, Hongli Group Inc. furnishes Form 6-K current reports and files other registration statements and reports with the SEC. For example, the company has furnished unaudited condensed consolidated financial statements as of June 30, 2025 and for the six months ended June 30, 2025 and 2024 via Form 6-K, and has incorporated these financial statements by reference into a registration statement on Form F-3. These filings also include notes to the financial statements and an operating and financial review and prospects section.

Through its SEC filings, Hongli provides information on its financial condition, results of operations, and corporate governance matters such as changes in directors. For instance, Form 6-K reports have described resignations and appointments of board members and committee assignments, reflecting ongoing corporate governance developments.

Corporate Governance Developments

Hongli has reported changes in its board of directors through Form 6-K filings. In one filing, the company disclosed that certain directors resigned from the board and its committees for personal reasons, noting that the resignations were not due to disputes or disagreements with the company on matters relating to operations, policies or practices. In a subsequent filing, the company reported the appointment of new directors to fill these vacancies and described their professional backgrounds and committee roles, including service on the audit, compensation, and nominating and corporate governance committees.

IPO Background

In connection with its initial public offering, Hongli Group Inc. filed a registration statement on Form F-1 with the SEC. Company press releases related to the IPO describe the offering of ordinary shares, the approval for listing on The Nasdaq Capital Market, and the exercise of the underwriter’s over-allotment option. These materials also reiterate the company’s business description, emphasizing its role as a holding company that consolidates the financial results of the Hongli Operating Group, which is described as one of the leading cold roll formed steel profile manufacturers in China with an emphasis on function innovation, performance improvement and customized manufacturing.

Position Within the Manufacturing Sector

Based on its stated activities, Hongli Group Inc. is classified in the iron and steel mills and ferroalloy manufacturing industry and operates within the broader manufacturing sector. Its focus on cold roll formed steel profiles for machinery and equipment aligns it with industrial and infrastructure-related supply chains. The company’s disclosures highlight its long operating history through the Hongli Operating Group, its customer base in numerous Chinese cities, and its global network that extends to several countries.

FAQs about Hongli Group Inc. (HLP)

• What does Hongli Group Inc. do?
  Hongli Group Inc. is a Cayman Islands holding company that consolidates the financial results of Shandong Hongli Special Section Tube Co., Ltd. and its subsidiaries. The operating group designs, customizes and manufactures cold roll formed steel profiles for machineries and equipment in sectors such as mining and excavation, construction, agriculture and transportation.
• In which industry does Hongli Group Inc. operate?
  Hongli Group Inc. operates in the iron and steel mills and ferroalloy manufacturing industry within the broader manufacturing sector, focusing on cold roll formed steel profiles.
• Where are Hongli’s operating subsidiaries located?
  Company disclosures state that the Hongli Operating Group has operating subsidiaries in China and has developed customers in more than 30 major cities in China, along with a global network that includes South Korea, Japan, the United States and Sweden.
• How many production lines does the Hongli Operating Group have?
  According to company press releases, the Hongli Operating Group currently has 11 cold roll forming production lines and produces a variety of distinct profile products in a broad range of materials, sizes and shapes.
• What sectors use Hongli’s cold roll formed steel profiles?
  Hongli reports that its cold roll formed steel profiles are used in machineries and equipment serving sectors including but not limited to mining and excavation, construction, agriculture and transportation.
• On which exchange is Hongli Group Inc. listed and what is its ticker symbol?
  Hongli Group Inc.’s ordinary shares are listed on The Nasdaq Capital Market under the ticker symbol HLP, as described in its initial public offering announcements and subsequent filings.
• Has Hongli Group Inc. faced any Nasdaq listing compliance issues?
  Yes. The company has disclosed receiving a deficiency letter from Nasdaq regarding non-compliance with the minimum bid price requirement for continued listing. It later reported that Nasdaq notified the company that it had regained compliance after its closing bid price met the required threshold for a specified period, and that the matter was considered resolved.
• What types of SEC filings does Hongli Group Inc. submit?
  As a foreign private issuer, Hongli Group Inc. furnishes Form 6-K current reports and files registration statements such as Form F-1 and Form F-3. These filings include financial statements, notes, operating and financial review and prospects, and disclosures on corporate governance matters.
• How long has the Hongli Operating Group been in business?
  Company press releases state that the Hongli Operating Group has over 20 years of operating history in the cold roll formed steel profile manufacturing business.
• What is the relationship between Hongli Group Inc. and the Hongli Operating Group or VIE?
  Hongli Group Inc. describes itself as a Cayman Islands holding company with no operations of its own. Through a series of contractual arrangements, it consolidates the financial results of Shandong Hongli Special Section Tube Co., Ltd. and its subsidiaries, which are referred to as the Hongli Operating Group or the VIE in company materials.