GTEC on Nasdaq

Greenland Technologies Holding Corp.

General industrial machinery and equipment company, listed on Nasdaq (GTEC). Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerGTEC on Nasdaq1
  • IndustryGeneral Industrial Machinery & Equipment1
  • HeadquartersD81
  • Incorporated inVirgin Islands, British2
  • Business address10-F, Building #12, Sunking Plaza, Gaojiao Road, Hangzhou, Zhejiang, 3111222
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Report, Greenland Holding has no business operations and acts as a holding company.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

31.4%Gross margin4
8.3%Operating margin4
5.4%Net margin4
8.0%Revenue growth, 20254
6.8%Return on equity4
$15.1MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Transmission Boxes For Forklift brought in 97% of the revenue Greenland Technologies Holding Corp. broke down this way in fiscal 2025.

  1. Transmission Boxes For Forklift$87.8M497%up 10% from 2024
  2. Transmission Boxes For Non Forklift$2.9M43%down 31% from 2024
Products and services by year
Products and services20242025
Transmission Boxes For Forklift$79.8M$87.8M
Transmission Boxes For Non Forklift$4.2M$2.9M

Regions

Domestic Sales brought in 98% of the revenue Greenland Technologies Holding Corp. broke down this way in fiscal 2025.

  1. Domestic Sales$88.7M498%up 8% from 2024
  2. International Sales$2.0M42%up 16% from 2024
Regions by year
Regions20242025
Domestic Sales$82.2M$88.7M
International Sales$1.7M$2.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue1¢$1.1M
  • Research and development4¢$3.9M
  • Other costs85¢$77.2M
  • Income tax4¢$3.5M
  • Profit5¢$4.9M

Out of $90.7M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending3¢$525.7K
  • Dividends paid14¢$2.2M
  • Kept or used elsewhere82¢$12.9M

Out of $15.6M of cash from operations.4

Financial statements

Revenue56784$90.7M in 2025+73% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $52.4M$52.4M20192020: $66.9M$66.9M2020+28%2021: $98.8M$98.8M2021+48%2022: $90.8M$90.8M2022−8%2023: $90.3M$90.3M2023−1%2024: $83.9M$83.9M2024−7%2025: $90.7M$90.7M2025+8%
Gross profit56784$28.4M in 2025+130% since 2019
0$10.0M$20.0M$30.0M2019: $12.4M$12.4M20192020: $12.8M$12.8M2020+4%2021: $19.6M$19.6M2021+53%2022: $19.8M$19.8M2022+1%2023: $24.6M$24.6M2023+24%2024: $22.5M$22.5M2024−8%2025: $28.4M$28.4M2025+26%
Operating income56784$7.5M in 2025+14% since 2019
0$5.0M$10.0M$15.0M2019: $6.6M$6.6M20192020: $6.7M$6.7M2020+2%2021: $8.3M$8.3M2021+23%2022: $6.0M$6.0M2022−28%2023: $10.8M$10.8M2023+81%2024: $12.6M$12.6M2024+17%2025: $7.5M$7.5M2025−40%
Net income56784$4.9M in 2025+10% since 2019
-$20.0M-$10.0M0$10.0M$20.0M2019: $4.5M$4.5M20192020: $6.8M$6.8M2020+51%2021: $6.3M$6.3M2021−7%2022: $745.6K$745.6K2022−88%2023: -$15.9M-$15.9M20232024: $14.1M$14.1M20242025: $4.9M$4.9M2025−65%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenues$90.7M$83.9M
Cost of goods sold$62.2M$61.4M
Gross profit$28.4M$22.5M
Selling expenses$1.7M$2.1M
General and administrative expenses$15.3M$4.9M
Research and development expenses$3.9M$2.9M
Total operating expenses$20.9M$9.9M
INCOME FROM OPERATIONS$7.5M$12.6M
Interest income$677.4K$864.4K
Interest expense-$111.7K-$84.2K
Loss (gain) on disposal of property, plant, equipment-$4.0K$5.9K
Change in fair value of the warrant liability$2.3M$1.7M
Government subsidies income$812.9K$881.2K
Other income$946.1K$659.2K
INCOME BEFORE INCOME TAX$12.1M$16.7M
INCOME TAX EXPENSE$3.5M$1.5M
NET INCOME$8.6M$15.2M
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST$3.7M$1.1M
NET INCOME ATTRIBUTABLE TO GREENLAND TECHNOLOGIES HOLDING CORPORATION AND SUBSIDIARIES$4.9M$14.1M
OTHER COMPREHENSIVE INCOME (LOSS):$2.5M-$1.2M
Unrealized foreign currency translation income (loss) attributable to Greenland Technologies Holding Corporation and subsidiaries$2.3M-$1.1M
Unrealized foreign currency translation income (loss) attributable to non-controlling interest$263.6K-$95.0K
Total comprehensive income attributable to Greenland technologies holding corporation and subsidiaries$7.2M$12.9M
Total comprehensive income attributable to noncontrolling interest$3.9M$992.2K
WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING: (in Shares)16.1M shares13.6M shares
Basic (in Dollars per share)$0.31$1.03
Diluted (in Dollars per share)$0.31$1.03

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Leadership

Who has led Greenland Technologies Holding Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Liu Yanming2018

Chief financial officer

  1. River Chi2018
  2. Chenyang Wang2025–now

Chief operating officer

  1. Jerry Zheng2018
20202025
Board members and other officers (10)

Former names

  • Greenland Acquisition Corp.Apr 9, 2018 to Oct 25, 20192

Timeline

  1. Jul 24, 2018New chief executive Liu Yanming becomes CEO13

Filings

82 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 18 major events, 4 insider forms, 4 large holders, 35 other. The latest 20:

  1. Sep 23, 20268-K CURRENT REPORT EDGAR
  2. Sep 11, 20268-K CURRENT REPORT EDGAR
  3. Aug 14, 20268-K CURRENT REPORT EDGAR
  4. Aug 14, 202610-Q QUARTERLY REPORT EDGAR
  5. May 13, 202610-Q QUARTERLY REPORT EDGAR
  6. Apr 2, 2026EFFECT EDGAR
  7. Mar 31, 2026CORRESP EDGAR
  8. Mar 30, 2026UPLOAD EDGAR
  9. Mar 27, 2026S-3 REGISTRATION STATEMENT EDGAR
  10. Mar 23, 202610-K ANNUAL REPORT EDGAR
  11. Mar 16, 20268-K CURRENT REPORT EDGAR
  12. Feb 2, 20268-K CURRENT REPORT EDGAR
  13. Jan 29, 2026424B4 PROSPECTUS EDGAR
  14. Jan 26, 2026EFFECT EDGAR
  15. Jan 22, 2026CORRESP EDGAR
  16. Jan 22, 2026CORRESP EDGAR
  17. Jan 14, 2026S-1/A AMENDMENT NO. 1 TO FORM S-1 EDGAR
  18. Dec 30, 2025DEFA14A CURRENT REPORT EDGAR
  19. Dec 30, 20258-K CURRENT REPORT EDGAR
  20. Dec 23, 2025S-1 REGISTRATION STATEMENT EDGAR

The 82 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 2 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 10, 2025WANG PETERDirectorSale200,000Form 4
Apr 22, 2025WANG PETERDirectorBuy6,211,740$1.00$6.2MForm 4
Apr 22, 2025WANG PETERDirectorSale6,211,740$1.00$6.2MForm 4
May 22, 2023Wang Raymond ZChief Executive OfficerBuy66,500$1.50$99.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

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