HLP
Income statement / Annual
Last year (2023), Hongli Group Inc.'s total revenue was $16.00 M,
a decrease of 21.13% from the previous year.
In 2023, Hongli Group Inc.'s net income was $864,722.00.
See Hongli Group Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$16.00 M
|
$20.28 M
|
$21.71 M
|
$11.16 M
|
$9.29 M
|
| Cost of Revenue |
$10.87 M |
$13.27 M |
$14.06 M |
$6.71 M |
$5.30 M |
| Gross Profit |
$5.13 M |
$7.01 M |
$7.65 M |
$4.45 M |
$3.99 M |
| Gross Profit Ratio |
0.32 |
0.35 |
0.35 |
0.4 |
0.43 |
| Research and Development
Expenses |
$962,963.00
|
$1.41 M
|
$1.47 M
|
$516,958.00
|
$325,086.00
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$3.14 M
|
$4.09 M
|
$3.72 M
|
$1.98 M
|
$1.11 M
|
| Other Expenses |
$0.00 |
$535,115.00 |
$67,402.00 |
$566,479.00 |
$43,395.00 |
| Operating Expenses |
$4.23 M |
$4.09 M |
$3.72 M |
$1.98 M |
$1.11 M |
| Cost And Expenses |
$14.98 M |
$17.36 M |
$17.78 M |
$8.69 M |
$6.41 M |
| Interest Income |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$643,002.00 |
$244,005.00 |
$537,521.00 |
$372,546.00 |
$256,156.00 |
| Depreciation &
Amortization |
$1.05 M
|
$655,412.00
|
$701,789.00
|
$683,296.00
|
$596,073.00
|
| EBITDA |
$2.62 M
|
$4.31 M
|
$4.66 M
|
$3.62 M
|
$3.55 M
|
| EBITDA Ratio |
0.16 |
0.2 |
0.22 |
0.33 |
0.38 |
| Operating Income Ratio
|
0.06
|
0.14
|
0.18
|
0.22
|
0.31
|
| Total Other
Income/Expenses Net |
-$87,973.00
|
$291,110.00
|
-$470,119.00
|
$193,933.00
|
-$212,761.00
|
| Income Before Tax |
$932,462.00 |
$3.21 M |
$3.47 M |
$2.66 M |
$2.67 M |
| Income Before Tax Ratio
|
0.06
|
0.16
|
0.16
|
0.24
|
0.29
|
| Income Tax Expense |
$67,740.00 |
$280,069.00 |
$263,080.00 |
$239,496.00 |
$588,555.00 |
| Net Income |
$864,722.00 |
$2.93 M |
$3.20 M |
$2.42 M |
$2.08 M |
| Net Income Ratio |
0.05 |
0.14 |
0.15 |
0.22 |
0.22 |
| EPS |
0.0736 |
0.24 |
0.27 |
0.2 |
0.17 |
| EPS Diluted |
0.0736 |
0.24 |
0.27 |
0.2 |
0.17 |
| Weighted Average Shares
Out |
$11.75 M
|
$12.06 M
|
$12.06 M
|
$12.06 M
|
$12.06 M
|
| Weighted Average Shares
Out Diluted |
$11.75 M
|
$12.06 M
|
$12.06 M
|
$12.06 M
|
$12.06 M
|
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