# Greenland Technologies Holding Corporation (GTEC)

**Exchange:** NASDAQ  
**Sector:** Consumer Cyclical  
**Market cap:** $10M  
**Price:** $0.64 (+1.56%)

> Greenland Technologies Holding Corporation is a company focused on manufacturing and distributing industrial machinery and vehicles. The corporation specializes in the production of powertrain systems and transmission components, primarily used in forklift trucks and other material handling equipment. Greenland Technologies is dedicated to advancing clean energy solutions, notably through their development of electric industrial vehicles, including electric forklifts and other environmentally friendly machinery options. Operating primarily within the sectors of industrial automation and green technology, the company aims to enhance efficiency while reducing carbon footprints. Greenland Technologies plays a significant role in promoting sustainability and innovation within the logistics and equipment manufacturing industries, aligning with global trends toward greener industrial practices. Headquartered in East Windsor, New Jersey, Greenland Technologies continues to leverage its engineering expertise and strategic partnerships to push forward the incorporation of clean energy solutions in industrial applications.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $91M | $28M | $8M | $5M | $0.31 |
| 2024 | $84M | $23M | $13M | $14M | $1.03 |
| 2023 | $90M | $25M | $11M | -$16M | $-1.20 |
| 2022 | $91M | $20M | $6M | $745,553 | $0.06 |
| 2021 | $99M | $20M | $8M | $6M | $0.58 |
| 2020 | $67M | $13M | $7M | $7M | — |
| 2019 | $52M | $12M | $7M | $4M | — |
| 2018 | $60M | $14M | $9M | $7M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $116M | $49M | $73M | $8M | — |
| 2024 | $116M | $62M | $60M | $7M | — |
| 2023 | $130M | $80M | $50M | $23M | — |
| 2022 | $155M | $76M | $66M | $16M | — |
| 2021 | $163M | $88M | $62M | $11M | $197,915 |
| 2020 | $132M | $81M | $45M | $7M | $963,471 |
| 2019 | $106M | $60M | $39M | $2M | $4M |
| 2018 | $111M | $80M | $32M | $6M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $16M | $525,718 | $15M |
| 2024 | $13M | $2M | $11M |
| 2023 | $2M | $735,498 | $2M |
| 2022 | $7M | — | — |
| 2021 | -$6M | — | — |
| 2020 | $3M | — | — |
| 2019 | $8M | $1M | $7M |
| 2018 | $3M | $7M | -$4M |
| 2018 | -$426,265 | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/GTEC)