See more : Valor Resources Limited (VOYRF) Income Statement Analysis – Financial Results
Complete financial analysis of Greenland Technologies Holding Corporation (GTEC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Greenland Technologies Holding Corporation, a leading company in the Industrial – Machinery industry within the Industrials sector.
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Greenland Technologies Holding Corporation (GTEC)
About Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation develops, manufactures, and sells drivetrain systems for material handling machineries and electric vehicles, and electric industrial vehicles. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. It also develops robotic cargo carriers. The company was founded in 2006 and is based in East Windsor, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 90.33M | 90.83M | 98.84M | 66.86M | 52.40M | 60.21M | 49.07M |
| Cost of Revenue | 65.76M | 71.00M | 79.25M | 54.05M | 40.02M | 46.14M | 37.21M |
| Gross Profit | 24.58M | 19.83M | 19.59M | 12.81M | 12.38M | 14.07M | 11.86M |
| Gross Profit Ratio | 27.21% | 21.84% | 19.82% | 19.16% | 23.62% | 23.37% | 24.17% |
| Research & Development | 5.42M | 5.79M | 5.53M | 2.38M | 2.36M | 2.51M | 1.84M |
| General & Administrative | 6.05M | 5.46M | 3.95M | 2.13M | 2.23M | 1.65M | 9.45M |
| Selling & Marketing | 2.32M | 2.63M | 1.87M | 1.59M | 1.19M | 1.22M | 1.42M |
| SG&A | 8.37M | 8.09M | 5.82M | 3.72M | 3.42M | 2.86M | 10.88M |
| Other Expenses | 0.00 | 1.71M | 1.38M | 1.00M | 720.61K | 576.63K | 0.00 |
| Operating Expenses | 13.80M | 13.88M | 11.34M | 6.10M | 5.77M | 5.38M | 11.79M |
| Cost & Expenses | 79.55M | 84.87M | 90.59M | 60.16M | 45.80M | 51.52M | 49.00M |
| Interest Income | 143.09K | 56.82K | 68.30K | 2.65K | 151.53K | 304.91K | 1.15M |
| Interest Expense | 250.41K | 402.97K | 587.26K | 930.63K | 1.29M | 1.55M | 0.00 |
| Depreciation & Amortization | 2.19M | 2.44M | 2.51M | 2.44M | 2.30M | 1.58M | 1.29M |
| EBITDA | -20.87M | 8.39M | 10.76M | 9.14M | 8.90M | 10.28M | 436.38K |
| EBITDA Ratio | -23.10% | 11.18% | 12.35% | 15.18% | 18.65% | 18.53% | 0.89% |
| Operating Income | 10.78M | 5.96M | 8.25M | 6.71M | 6.60M | 8.70M | -853.32K |
| Operating Income Ratio | 11.93% | 6.56% | 8.35% | 10.03% | 12.60% | 14.44% | -1.74% |
| Total Other Income/Expenses | -34.09M | -1.46M | 861.41K | 1.94M | -669.55K | -680.75K | -224.73K |
| Income Before Tax | -23.31M | 7.32M | 9.11M | 8.64M | 5.93M | 8.02M | -1.08M |
| Income Before Tax Ratio | -25.80% | 8.05% | 9.22% | 12.93% | 11.33% | 13.31% | -2.20% |
| Income Tax Expense | 1.71M | 699.69K | 1.84M | 2.27M | 847.37K | 1.39M | 2.19M |
| Net Income | -15.88M | 6.62M | 6.27M | 6.76M | 4.46M | 5.96M | -3.26M |
| Net Income Ratio | -17.58% | 7.28% | 6.34% | 10.11% | 8.52% | 9.89% | -6.65% |
| EPS | -1.20 | 0.56 | 0.58 | 0.67 | 0.56 | 0.79 | -3.26 |
| EPS Diluted | -1.20 | 0.56 | 0.58 | 0.67 | 0.56 | 0.79 | -3.26 |
| Weighted Avg Shares Out | 13.23M | 11.89M | 10.84M | 10.04M | 7.93M | 7.50M | 1.00M |
| Weighted Avg Shares Out (Dil) | 13.23M | 11.89M | 10.84M | 10.04M | 7.93M | 7.50M | 1.00M |
Greenland Technologies to Report Third Quarter 2022 Unaudited Financial Results on Wednesday, November 9, 2022
EAST WINDSOR, N.J. , Nov. 1, 2022 /PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the "Company") today announced that it will hold a conference call on Wednesday, November 9, 2022 at 8:00 a.m.
Greenland Technologies Selects Cyngn's Infinitracker for its HEVI Electric Industrial Vehicles
EAST WINDSOR, N.J. , Oct. 20, 2022 /PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the "Company") today announced it has selected Cyngn Inc. ("Cyngn") (Nasdaq: CYN), a developer of innovative autonomous driving solutions for industrial and commercial...
Should Value Investors Buy Greenland Technologies (GTEC) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Are Investors Undervaluing Greenland Technologies (GTEC) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Are Investors Undervaluing Greenland Technologies (GTEC) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Neo agrees to buy Greenland rare earth project from Hudson Resources
Neo Performance Materials has agreed to buy a rare earth mining project in Greenland owned by Hudson Resources to supply its growing needs for the minerals to produce permanent magnets, the two Canadian-listed firms said on Monday.
Greenland Technologies Holding Corporation (GTEC) CEO Raymond Wang on Q2 2022 Results - Earnings Call Transcript
Greenland Technologies Holding Corporation (NASDAQ:GTEC ) Q2 2022 Earnings Conference Call August 12, 2022 8:00 AM ET Company Participants Julia Qian - Managing Director, Blueshirt Group Asia Raymond Wang - Chief Executive Officer Jing Jin - Chief Financial Officer Conference...
Is Greenland Technologies (GTEC) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Is Greenland Technologies (GTEC) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Greenland Technologies to Present at H.C. Wainwright Global Investment Conference
EAST WINDSOR, N.J. , May 18, 2022 /PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced it will...
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