Hongli Group
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Hongli Group's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 21% to $15,997,954. Profit margin reached 5%. Total operating expenses were $4,225,405.
Profit Margin
| 2019 | 9.29M | 2.07M | 22.38% |
|---|---|---|---|
| 2020 | 11.15M | 2.42M | 21.72% |
| 2021 | 21.71M | 3.20M | 14.75% |
| 2022 | 20.28M | 2.93M | 14.46% |
| 2023 | 15.99M | 864.72K | 5.41% |
HLP Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 15.99M | 20.28M | 21.71M | 11.15M | 9.29M |
Cost of revenue | 10.87M | 13.27M | 14.05M | 6.70M | 5.30M |
Gross profit | 5.12M | 7.00M | 7.65M | 4.45M | 3.99M |
Operating exp. | |||||
Research and development | 962.96K | 1.41M | 1.46M | 516.95K | 325.08K |
Selling and marketing | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 4.22M | 4.08M | 3.71M | 1.98M | 1.11M |
Operating income | 1.02M | 2.92M | 3.93M | 2.46M | 2.88M |
Other income (expenses), net | -87.97K | 535.11K | 67.40K | 193.93K | 43.39K |
Income before tax | 932.46K | 3.21M | 3.46M | 2.66M | 2.66M |
Income tax expense | 67.74K | 280.06K | 263.08K | 239.49K | 588.55K |
Net income | 864.72K | 2.93M | 3.20M | 2.42M | 2.07M |
Earnings per share | |||||
Basic EPS | 0.07 | 0.24 | 0.27 | 0.2 | 0.17 |
Diluted EPS | 0.07 | 0.24 | 0.27 | 0.2 | 0.17 |
| Data source | Data source |