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Greenland Technologies Holding Corporation  (GTEC)
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Price: $2.5400 $-0.08 -3.053%
Day's High: $2.7274 Week Perf: 1.2 %
Day's Low: $ 2.52 30 Day Perf: -30.22 %
Volume (M): 13 52 Wk High: $ 5.25
Volume (M$): $ 33 52 Wk Avg: $2.40
Open: $2.59 52 Wk Low: $1.13



 Market Capitalization (Millions $) 33
 Shares Outstanding (Millions) 13
 Employees 328
 Revenues (TTM) (Millions $) 87
 Net Income (TTM) (Millions $) 7
 Cash Flow (TTM) (Millions $) 13
 Capital Exp. (TTM) (Millions $) 1

Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation 'was formed as a British Virgin Islands limited liability company. The Company was formed as a blank check company to achieve a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more target enterprises. Following the Business Combination, the Company changed its name from Greenland Acquisition Corporation to Greenland Technologies Holding Corporation in October 2019.
Greenland provides transmission systems and integrated powertrains for material handling machineries, particularly for electric forklift trucks. In addition, Greenland recently has entered into the electric industry vehicles market, by designing and developing electric industry vehicles.
Transmission Systems. For 15 years, Greenland, along with its subsidiaries, specializes in designing, developing, and manufacturing a wide range of transmission systems for material handling machineries, in particular forklift trucks. The range of the transmission systems covers machineries from one ton to fifteen tons. Most transmission systems contain auto transmission features. This feature allows for easy machine operations. In addition, Greenland provides transmission system for internal combustion powered machineries as well as for electrical powered machineries. Greenland has recently experienced an increasing demand for electric powered transmission systems. These transmission systems are key components for material handling machinery assembly. To meet this increasing demand, Greenland is able to providing these transmission systems to major forklift truck original equipment manufacturers ('OEMs') as well as certain global branded manufacturers.
Integrated Powertrain. Through its PRC subsidiaries, Greenland designs and develops new and distinctive powertrains, which integrates electric motor, speed reduction gearbox, and driving axles into a combined integral module, in order to meet a growing demand for advanced electric forklift trucks. This integrated powertrain will enable the OEMs to significantly shorten design cycle, improve machinery efficiency, and simplify manufacturing process. There is a new trend that OEMs would rather use an integrated powertrain than separate electric motor, speed reduction gearbox, and driving axles, particularly in electric forklift trucks. Currently, Greenland makes two tons to three and a half-tons integrated powertrains for few electric forklift truck OEMs. Greenland is in the process of adding more integrated powertrain products for electric forklift truck OEMs with different sizes.
There is increasing demand for electric industrial vehicles powered by sustainable energy in order to reduce air pollution and lower carbon emissions. In December 2020, Greenland launched a new division to focus on the production and sale of electric industrial vehicles'a division that Greenland intends to develop to diversify its product offerings. Greenland's electric industrial vehicle products currently include GEF-series electric forklifts, a series of lithium powered forklifts with three models ranging in size from 1.8 tons to 3.5 tons, and GEL-1800, a 1.8 ton rated load lithium powered electric wheeled front loader. In February 2022, Greenland launched its GEX-8000 all-electric 8.0 ton rated load lithium powered wheeled excavator. These products have become available for purchase in the U.S. market.


   Company Address: 50 Millstone Road East Windsor 8512 NJ
   Company Phone Number: 827-4832   Stock Exchange / Ticker: NASDAQ GTEC
   GTEC is expected to report next financial results on March 30, 2024.


   

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Greenland Technologies Holding Corporation

Greenland Technologies Holding Corp Shines in Q2 2023: Revenue Soars and Outpaces Industry Peers

Greenland Technologies Holding Corp (NASDAQ: GTEC) has demonstrated a strong performance in the past 5 trading days, with a solid gain of 9.15%. Over the preceding 30 days, the stock also improved by 0.61%. Currently, GTEC is trading on NASDAQ, approximately 19.5% below its 52-week average.
The recent fiscal period of Greenland Technologies Holding Corp has shown positive growth and promising financial results. The profit per share surged by an impressive 38.46% to $0.18 per share, accompanied by a revenue increase of 14.401% to $23.57 million compared to the same period in the prior year.
The company's revenue growth in the second quarter of 2023 aligns well with its peers in the Industrial Machinery and Components sector, which saw an average business growth of 3.79% during the same period. This indicates that Greenland Technologies Holding Corp is performing favorably within its industry.

Greenland Technologies Holding Corp

Greenland Technologies Faces Financial Setback with Net Profit Slump and Revenue Decline

Greenland Technologies Holding Corp, a provider of electric industrial vehicles and equipment, released their financial results for the time-frame closing March 31, 2023. The results reveal a number of ups and downs for the company over the course of the year.
Starting with their net profit per share, GTEC saw a drop of -31.25% to $0.11 per share, compared to $0.16 per share the previous year. However, the net profit per share did turn positive from -$0.07 per share from the preceding financial reporting period, indicating some progress. On the revenue front, the company experienced a decline of -24.423% to $22.15 million from $29.31 million in the same period the previous year. However, there was a slight sequential improvement of 15.757% from $19.13 million.






 

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