Greenland Technologies Holding Corp. GTEC
Holding Corporation (the "Company" or "Greenland") designs, develops, manufactures and sells components and products
for the global material handling industries.
in the PRC, Greenland offers transmission products, which are key components for forklift trucks used in manufacturing and logistic applications,
such as factories, workshops, warehouses, fulfilment centers, shipyards, and seaports. Forklifts play an important role in the logistic
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Domestic Sales
- International Sales
| Region | FY2025 | FY2024 |
|---|---|---|
| Domestic Sales | $88.7M | $82.2M |
| International Sales | $2.0M | $1.7M |
As the company reported it, from the “Geographical Sales and Segments - Schedule of Sales by Geographical Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $90.7M | $83.9M | $90.3M | $90.8M | $98.8M | $66.9M | $52.4M | $60.2M | — |
| Cost of revenue | $1.1M | $1.3M | $1.2M | $71.0M | $79.2M | $54.1M | $40.0M | $46.1M | — |
| Gross profit | $28.4M | $22.5M | $24.6M | $19.8M | $19.6M | $12.8M | $12.4M | $14.1M | — |
| R&D | $3.9M | $2.9M | $5.4M | $5.8M | $5.5M | $2.4M | $2.4M | $2.5M | — |
| SG&A | $15.3M | $4.9M | $6.1M | $5.5M | $3.9M | $2.1M | $2.2M | $1.6M | — |
| Total operating expenses | $20.9M | $9.9M | $13.8M | $13.9M | $11.3M | $6.1M | $5.8M | $5.4M | — |
| Operating income | $7.5M | $12.6M | $10.8M | $6.0M | $8.3M | $6.7M | $6.6M | $8.7M | — |
| Interest expense | $111.7K | $84.2K | $250.4K | $403.0K | $587.3K | $930.6K | $1.3M | $1.6M | — |
| Pre-tax income | $12.1M | $16.7M | -$23.3M | $4.5M | $9.1M | $8.6M | $5.9M | $8.0M | — |
| Income tax | $3.5M | $1.5M | $1.7M | $699.7K | $1.8M | $2.3M | $847.4K | $1.4M | — |
| Net income | $4.9M | $14.1M | -$15.9M | $745.6K | $6.3M | $6.8M | $4.5M | $6.6M | — |
| EPS, basic | 0.31 | 1.03 | -1.20 | 0.06 | 0.58 | 0.67 | — | — | — |
| EPS, diluted | 0.31 | 1.03 | -1.20 | 0.06 | 0.58 | 0.67 | 0.56 | 0.79 | — |
| Shares, diluted (wtd. avg.) | 16.1M | 13.6M | 13.2M | 11.9M | 10.8M | 10.0M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.8M | $6.7M | $28.2M | $19.7M | $11.1M | $9.4M | $5.7M | $9.0M | $11.9M |
| Short-term investments | $24.5M | $18.5M | $2.8M | $7.8M | $2.1M | — | — | — | — |
| Receivables | $17.3M | $15.8M | $16.5M | $14.3M | $15.9M | $12.4M | $12.0M | $10.2M | — |
| Inventory | $24.4M | $23.4M | $24.6M | $23.1M | $25.8M | $15.4M | $10.0M | $12.4M | — |
| Total current assets | $95.3M | $92.6M | $99.8M | $125.9M | $139.3M | $107.6M | $80.2M | $48.2M | — |
| Property, plant and equipment | $11.9M | $13.1M | $13.7M | $15.6M | $19.0M | $20.1M | $20.6M | $22.1M | — |
| Goodwill | — | — | — | — | $3.9K | $3.9K | $3.9K | $4.0K | — |
| Other intangibles | $68.7K | $90.0K | $189.6K | — | — | — | — | — | — |
| Total assets | $115.8M | $115.6M | $130.5M | $155.1M | $162.6M | $132.0M | $106.5M | $111.4M | — |
| Accounts payable | $25.6M | $23.1M | $25.3M | $24.8M | $29.1M | $22.0M | $14.7M | $15.0M | — |
| Short-term debt | — | — | $3.0M | $9.0M | $197.9K | $797.2K | $2.7M | $19.6M | — |
| Total current liabilities | $48.3M | $57.5M | $72.5M | $66.2M | $85.5M | $78.8M | $56.0M | $63.2M | — |
| Long-term debt | — | — | — | — | $197.9K | $166.3K | $1.3M | — | — |
| Total liabilities | $49.5M | $62.3M | $79.8M | $75.7M | $87.7M | $81.3M | $59.5M | $1.0M | — |
| Retained earnings | $37.5M | $32.6M | $18.5M | $34.4M | $33.7M | $26.7M | $19.9M | $15.9M | — |
| Total equity | $72.9M | $60.2M | $50.7M | $79.4M | $62.3M | $50.7M | $39.6M | $39.6M | $35.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $15.6M | $13.3M | $2.4M | $7.3M | -$5.8M | $2.7M | $8.0M | $3.1M | — |
| Depreciation and amortisation | $2.2M | $2.1M | $2.0M | $2.4M | $2.5M | $2.4M | $2.3M | $1.6M | — |
| Stock-based compensation | $5.5M | — | — | — | — | — | — | — | — |
| Capital expenditure | $525.7K | $2.0M | $735.5K | — | — | — | $1.3M | $6.7M | — |
| Investing cash flow | -$919.6K | -$1.9M | $1.1M | $33.7K | -$639.0K | -$822.8K | -$1.6M | -$6.0M | — |
| Financing cash flow | -$15.6M | -$30.9M | $2.9M | -$4.3M | $14.5M | $2.3M | -$9.6M | -$157.9K | — |
| Dividends paid | $2.2M | $5.9M | $703.6K | — | — | — | $159.6K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-032928.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $60.2M | $52.4M | $66.9M | $98.8M | $90.8M | $90.3M | $83.9M | $90.7M |
| Gross profit | — | $14.1M | $12.4M | $12.8M | $19.6M | $19.8M | $24.6M | $22.5M | $28.4M |
| Net income | — | $6.6M | $4.5M | $6.8M | $6.3M | $745.6K | -$15.9M | $14.1M | $4.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Shareholder vote Item 5.07
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed Item 1.01
- Annual report filed Form 10-K
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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