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Greenland Technologies Holding Corporation (GTEC)
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Greenland Technologies Holding Corporation Income Statement 2025-2011 | GTEC
Brief overview of financial results at Greenland Technologies Holding Corporation
The conclusions below are based on five years of reported results. Revenue reported by Greenland Technologies Holding Corporation was 66.9 million dollars at the beginning of the period and 90.7 million dollars at the end. The five-year change reached +35.6%, while CAGR stood at 6.3%. This represents moderate business growth.
The five-year change in gross profit reached +122%: from 12.8 million dollars to 28.4 million dollars. Cost of revenue developed more favorably than sales, supporting gross profitability. The gross margin was 19.2% at the start and 31.4% at the end. The business retained more gross profit from each unit of revenue.
EBITDA was 0 dollars at the beginning and 9.9 million dollars at the end of the period (). The EBITDA share of revenue changed from 0% to 10.9%. The increased EBITDA share is a positive sign.
The net result moved from 6.4 million dollars to 4.9 million dollars, or −22.6%. The business generated less net income by the end of the period.
The market value of the business moved from $74.7 million to $11.6 million, or −84.4%. The financial trend was stronger than the market valuation.
Conclusion
The financial profile remains mixed, with strengths and risks moving in different directions. The financial profile benefits from sales growth, improving gross profitability and positive operating leverage. The weaker side of the profile includes lower net income and declining capitalization. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Greenland Technologies Holding Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
11.6 M | 9.79 M | 25.4 M | 20.7 M | 55.3 M | 74.7 M | 33.7 M | 13.8 M | - | - | - | - | - | - | - |
Shares |
16.1 M | 13.6 M | 13.2 M | 11.9 M | 10.8 M | 10 M | 7.93 M | 1.42 M | - | - | - | - | - | - | - |
Historical Prices |
0.72 | 0.72 | 1.92 | 1.74 | 5.1 | 7.45 | 3.99 | 10 | - | - | - | - | - | - | - |
Net Income |
4.93 M | 14.1 M | -15.9 M | 746 K | 6.27 M | 6.37 M | 4.46 M | -66.8 K | - | - | - | - | - | - | - |
Revenue |
90.7 M | 83.9 M | 90.3 M | 90.8 M | 98.8 M | 66.9 M | 52.4 M | - | - | - | - | - | - | - | - |
Cost of Revenue |
1.14 M | 1.27 M | 1.18 M | 71 M | 79.2 M | 54.1 M | 40 M | 46.1 M | - | - | - | - | - | - | - |
Gross Profit |
28.4 M | 22.5 M | 24.6 M | 19.8 M | 19.6 M | 12.8 M | 12.4 M | - | - | - | - | - | - | - | - |
Operating Income |
7.52 M | 12.6 M | 10.8 M | 5.96 M | 8.25 M | 6.71 M | 6.6 M | 8.7 M | - | - | - | - | - | - | - |
Interest Expense |
946 K | 659 K | 250 K | 403 K | 587 K | 931 K | 1.29 M | 1.55 M | - | - | - | - | - | - | - |
EBITDA |
9.93 M | 14.8 M | 13 M | 8.39 M | 10.8 M | - | 8.9 M | 241 K | - | - | - | - | - | - | - |
Operating Expenses |
20.9 M | 9.94 M | 13.8 M | 13.9 M | 11.3 M | 6.1 M | 5.77 M | 373 K | - | - | - | - | - | - | - |
General and Administrative Expenses |
15.3 M | 4.85 M | 6.05 M | 5.46 M | 3.95 M | 2.13 M | 2.23 M | - | - | - | - | - | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Greenland Technologies Holding Corporation
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
21.8 M | 17.4 M | 16.1 M | 13.6 M | 13.6 M | 13.6 M | 13.6 M | 13.6 M | 13.6 M | 13.6 M | 13 M | 13 M | 13 M | 12.2 M | 11.3 M | 11.3 M | 11.3 M | 11.3 M | 10.8 M | 10.3 M | 10.2 M | 10 M | 10 M | 10 M | 10 M | 7.5 M | 1.93 M | 1.91 M | 7.5 M | 1.33 M | 1 M | 1.91 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
5 M | 5.73 M | -3.23 M | 4 M | - | -684 K | 4.65 M | 2.5 M | - | -887 K | 2.4 M | 1.45 M | - | 1.28 M | 1.49 M | 1.79 M | - | 1.03 M | 3.15 M | 2.44 M | - | 208 K | 1.26 M | 257 K | - | 156 K | 1.13 M | 1.73 M | - | -11.6 K | -8.37 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
25.5 M | 23.4 M | 21.7 M | 21.7 M | - | 18.8 M | 23 M | 22.7 M | - | 21.8 M | 23.6 M | 22.1 M | - | 21.8 M | 20.6 M | 29.3 M | - | 23.1 M | 28.2 M | 24.6 M | - | 16.5 M | 16.6 M | 9.87 M | - | 12 M | 12.7 M | 15.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
310 K | 15.8 M | 16 M | 15 M | - | 13.9 M | 16.2 M | 17.1 M | - | 15.6 M | 16.6 M | 300 K | - | 17 M | 15.8 M | 22.9 M | - | 18 M | 22.5 M | 19.5 M | - | 13.1 M | 13.7 M | 7.95 M | - | 9.95 M | 9.68 M | 12.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
8.76 M | 7.57 M | 5.75 M | 6.66 M | - | 4.97 M | 6.77 M | 5.65 M | - | 6.27 M | 6.93 M | 5.52 M | - | 4.81 M | 4.84 M | 6.37 M | - | 5.1 M | 5.71 M | 5.1 M | - | 3.4 M | 2.88 M | 1.92 M | - | 2 M | 3.06 M | 3.56 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
5.72 M | 5.07 M | -2.32 M | 4.81 M | - | 2.93 M | 3.99 M | 1.93 M | - | 2.81 M | 3.41 M | 2.37 M | - | 2.07 M | 2.21 M | 3.37 M | - | 2.05 M | 3.45 M | 2.85 M | - | 2.24 M | 1.66 M | 68.4 K | - | 1.01 M | 1.99 M | 1.99 M | - | -82.7 K | -8.37 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
599 K | 486 K | 160 K | 282 K | - | 209 K | 518 K | 296 K | - | -1.66 M | -129 K | 66.5 K | - | 126 K | 91.7 K | 105 K | - | 107 K | 222 K | 180 K | - | 232 K | 389 K | 322 K | - | 415 K | 521 K | 357 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
6.24 M | - | - | 5.33 M | - | - | - | 2.52 M | - | - | - | 2.92 M | - | 3.92 M | 3.43 M | 4 M | - | 3.93 M | 4.7 M | 3.47 M | - | 3.99 M | 2.82 M | 630 K | - | 2.73 M | 3.13 M | 2.5 M | - | -82.7 K | -8.37 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
3.04 M | 2.51 M | 8.07 M | 1.85 M | - | 2.04 M | 2.79 M | 3.72 M | - | 3.46 M | 3.52 M | 3.15 M | - | 2.74 M | 2.63 M | 3 M | - | 3.05 M | 2.25 M | 2.25 M | - | 1.16 M | 1.22 M | 1.86 M | - | 994 K | 1.07 M | 1.57 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
1.84 M | 1.51 M | 6.63 M | 1.44 M | - | 1.2 M | 1.2 M | 2.18 M | - | 1.61 M | 1.52 M | 1.64 M | - | 1.19 M | 1.24 M | 1.28 M | - | 1.15 M | 752 K | 911 K | - | 324 K | 443 K | 1.07 M | - | 363 K | 446 K | 444 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Greenland Technologies Holding Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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