{"url_path":"/sec/hlp/10-k/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1855557/0001213900-26-055737-index.html","accession_number":"0001213900-26-055737","cik":"0001855557","ticker":"HLP","issuer_name":"Hongli Group Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1855557/0001213900-26-055737-index.html","primary_entity_key":"0001855557","primary_entity_name":"Hongli Group Inc."},"word_count":804,"has_tables":true,"body_markdown":"**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**WASHINGTON, D.C. 20549**\n\n \n\n**FORM 20-F**\n\n \n\n☐\n**REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**OR **\n\n \n\n☒\n**ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For the fiscal year ended December 31, 2025**\n\n \n\n**OR**\n\n \n\n☐\n**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**OR**\n\n \n\n☐\n**SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nDate of event requiring this shell company report\nfor the transition period from ____________to _____________\n\n \n\n**Commission file number: 001-41671**\n\n \n\n**Hongli Group Inc.**\n\n**(Exact Name of Registrant as Specified in its\nCharter)**\n\n \n\n**N/A**\n\n(Translation of Registrant’s Name into English)\n\n \n\n**Cayman Islands**\n\n(Jurisdiction of Incorporation or Organization)\n\n \n\n**No. 777, Daiyi Road**\n\n**Changle County, Weifang City**\n\n**Shandong Province, China, 262400**\n\n**Tel: +86 0536-2180886**\n\n(Address of principal executive offices)\n\n** **\n\n**Jie Liu, Chief Executive Officer**\n\n**Tel: +86 0536-2180886**\n\n**Email: zongjingban@hongli-profile.com**\n\n**No. 777, Daiyi Road**\n\n**Changle County, Weifang City**\n\n**Shandong Province, China, 262400**\n\n(Name, Telephone, E-mail and/or Facsimile number\nand Address of Company Contact Person)\n\n \n\n**Securities registered or to be registered pursuant\nto Section 12(b) of the Act:**\n\n \n\n**Title of Each Class**   **Trading Symbol (s)**   **Name of Each Exchange on Which Registered**\n\n**Ordinary shares, par value $0.0001**   **HLP**   **NASDAQ Capital Market**\n\n \n\n**Securities registered or to be registered pursuant\nto Section 12(g) of the Act:**\n\n \n\n**None**\n\n** **\n\n**Securities for which there is a reporting obligation\npursuant to Section 15(d) of the Act:**\n\n \n\n**None**\n\n \n\nIndicate the number of outstanding shares of each of the issuer’s\nclasses of capital or common stock as of the close of the period covered by the annual report:\n\n \n\nAs of December 31, 2025, the issuer had 73,438,750 Ordinary Shares\nissued and outstanding.\n\n \n\nIndicate by check mark if the registrant is a well-known seasoned\nissuer, as defined in Rule 405 of the Securities Act.\n\n \n\n☐\nYes ☒ No\n\n \n\n \n\n \n\n \n\nIf this report is an annual or transition report, indicate by check\nmark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.\n\n \n\n☐\nYes ☒ No\n\n \n\nIndicate by check mark whether the registrant: (1) has filed all reports\nrequired to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter\nperiod that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.\n\n \n\n☒\nYes ☐ No\n\n \n\nIndicate by check mark whether the registrant has submitted electronically\nevery Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the\npreceding 12 months (or for such shorter period that the registrant was required to submit such files).\n\n \n\n☒\nYes ☐ No\n\n \n\nIndicate by check mark whether the registrant is a large accelerated\nfiler, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,”\n“accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer ☐   Accelerated filer ☐   Non-accelerated filer ☒\n\n        Emerging growth company ☒\n\n \n\nIf an emerging growth company that prepares its financial statements\nin accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying\nwith any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\n† The term “new or revised financial accounting standard”\nrefers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.\n\n \n\nIndicate by check mark whether the registrant has filed a report on\nand attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section\n404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.\n☐\n\n \n\nIf securities are registered pursuant to Section 12(b) of the Act,\nindicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to\npreviously issued financial statements. ☐\n\n \n\nIndicate by check mark whether any of those error corrections are\nrestatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers\nduring the relevant recovery period pursuant to §240.10D-1(b). ☐\n\n \n\nIndicate by check mark which basis of accounting the registrant has\nused to prepare the financial statements included in this filing:\n\n \n\nU.S. GAAP ☒   International Financial Reporting Standards as issued   Other ☐\n\n    by the International Accounting Standards Board ☐    \n\n \n\nIf “Other” has been checked in response to the previous\nquestion, indicate by check mark which financial statement item the registrant has elected to follow.\n\n \n\n☐"}