Security
GLACW · Greenland Technologies Holding Corp.
GLACWNASDAQWarrantHistorical · closed Oct 24, 2019CIK 1735041Updated Sep 24, 2026
Name history
Greenland Acquisition Corp. · through Oct 25, 2019
Current security for this SEC filerGTEC · NASDAQ
GLACW price & chart
Historical security
This listing closed Oct 24, 2019. Live provider charts are shown only for current listings.
Current security: GTEC
About the company
Greenland Technologies Holding Corporation (Nasdaq: GTEC) designs, develops, manufactures and sells components and products for the global material handling industries. Through its subsidiaries in the People’s Republic of China, Greenland offers transmission products that are key components for forklift trucks used in manufacturing and logistics applications. Greenland also formed HEVI Corp. (“HEVI”), a wholly owned subsidiary incorporated in the State of Delaware, focused on electric industrial vehicles for the North American market; however, substantially all of HEVI’s business operations have been suspended since 2025 due to uncertainty regarding tariff policy. For more information, please visit the Company’s website at https://ir.gtec-tech.com.
In the news
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Recent filings
Other Events
Items 8.01, 9.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Items 3.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
10-Q filing
Show 1 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 115,772,341Source | 115,576,195Source | 130,476,967Source | 155,115,341Source |
| Property, Plant and Equipment, NetUSD | 11,889,147Source | 13,134,648Source | 13,676,356Source | 15,585,214Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 68,691Source | 89,959Source | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 7,775,330Source | 6,659,142Source | 22,981,324Source | 16,295,695Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 17,256,479Source | 15,796,423Source | 16,483,533Source | 14,337,760Source |
| Inventory, NetUSD | 24,377,036Source | 23,378,090Source | 24,596,795Source | 23,096,382Source |
| Assets, CurrentUSD | 95,265,112Source | 92,646,759Source | 99,790,741Source | 125,908,498Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,472,387Source | 1,542,743Source | 53,204Source | — |
| Operating Lease, Right-of-Use AssetUSD | — | 1,624,290Source | 2,125,542Source | 2,627,110Source |
| Other Assets, NoncurrentUSD | 355,762Source | 247,655Source | 1,050,698Source | 283,118Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 49,452,420Source | 62,307,307Source | 79,823,566Source | 75,680,957Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | — | — | — | 30,286,560Source |
| Retained Earnings (Accumulated Deficit)USD | 37,533,648Source | 32,602,105Source | 18,535,133Source | 34,414,249Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,452,410Source | -3,707,100Source | -2,583,794Source | -2,831,419Source |
| Stockholders' Equity Attributable to ParentUSD | 72,941,486Source | 60,207,697Source | 50,080,230Source | 65,711,721Source |
| Additional Paid in Capital, Common StockUSD | 33,017,917Source | 27,470,361Source | 30,286,560Source | — |
| Liabilities and EquityUSD | 115,772,341Source | 115,576,195Source | 130,476,967Source | 155,115,341Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 48,297,726Source | 57,537,963Source | 72,524,516Source | 66,208,689Source |
| Operating Lease, Liability, CurrentUSD | — | 516,673Source | 487,695Source | 472,182Source |
| Accounts Payable, CurrentUSD | 25,604,917Source | 23,102,944Source | 25,272,528Source | 24,817,165Source |
| Operating Lease, Liability, NoncurrentUSD | — | 1,167,941Source | 1,684,614Source | 2,176,130Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -6,621,565Source | -6,938,809Source | 573,171Source | 13,722,663Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 9,072,902Source | 8,832,062Source | 8,451,944Source | — |
| Accrued Liabilities, CurrentUSD | — | 177,566Source | 660,985Source | 569,292Source |
| Dividends PayableUSD | — | — | 7,600,000Source | — |
| Short-term InvestmentsUSD | 24,454,701Source | 18,535,354Source | 2,818,068Source | 7,800,723Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 8,598,263Source | 15,154,155Source | -25,017,490Source | 3,802,683Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | — | 2,190,737Source | 2,436,114Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 5,547,556Source | — | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,692,338Source | -1,109,710Source | 2,689,614Source | -406,963Source |
| Increase (Decrease) in InventoriesUSD | 1,058,340Source | -689,511Source | 2,404,558Source | -400,982Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | 1,163,794Source | -2,080,206Source |
| Deferred Income Tax Expense (Benefit)USD | -1,415Source | -179,486Source | -43,724Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 15,608,957Source | 13,341,886Source | 2,449,040Source | 7,313,245Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -919,593Source | -1,868,246Source | 1,070,907Source | 33,693Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 525,718Source | 1,964,276Source | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -15,609,560Source | -30,900,924Source | 2,865,814Source | -4,284,479Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 7,846,870Source | 8,611,795Source | 28,189,387Source | 19,729,056Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | 48,441Source | 277,158Source | 405,174Source |
| Income Taxes Paid, NetUSD | 3,094,942Source | 1,593,305Source | 977,985Source | 695,315Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 155,271Source | -150,308Source | 2,074,570Source | -1,134,295Source |
| Additional Financial Items | ||||
| DepreciationUSD | 2,250,000Source | 2,060,000Source | — | — |
| Dividends PayableUSD | — | — | 7,600,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -2,490,646Source | — |
| Gain (Loss) on Sale of InvestmentsUSD | — | — | -25,325Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -3,999Source | 5,863Source | -31,072Source | -1,511Source |
| General and Administrative ExpenseUSD | 15,267,842Source | 4,853,768Source | 6,052,541Source | 5,459,020Source |
| Income Tax Expense (Benefit)USD | 3,511,822Source | 1,512,758Source | 1,708,262Source | 699,691Source |
| InterestExpenseNonoperatingUSD | 111,663Source | 84,243Source | — | — |
| Inventory Write-downUSD | 1,042,942Source | -88,966Source | 271,233Source | 359,534Source |
| Investment Income, InterestUSD | 677,386Source | 864,390Source | 143,094Source | 56,817Source |
| Net Income (Loss) Attributable to ParentUSD | 4,931,543Source | 14,066,972Source | -15,879,116Source | 745,553Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 3,666,720Source | 1,087,183Source | -9,138,374Source | 3,057,130Source |
| Operating ExpensesUSD | 20,923,474Source | 9,938,826Source | 13,796,776Source | 13,876,192Source |
| Operating Lease, ExpenseUSD | — | — | 668,609Source | — |
| Other Nonoperating Income (Expense)USD | 946,097Source | 659,204Source | 1,212,354Source | — |
| Proceeds from (Payments to) Noncontrolling InterestsUSD | — | -5,386,307Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 90,694,007Source | 83,944,661Source | 90,333,240Source | 90,830,674Source |
| Cost of RevenueUSD | 62,248,455Source | 61,411,693Source | 65,757,237Source | 70,995,940Source |
| Operating Income (Loss)USD | 7,522,078Source | 12,594,142Source | 10,779,227Source | 5,958,542Source |
| Other Nonoperating Income (Expense)USD | 946,097Source | 659,204Source | 1,212,354Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 12,110,085Source | 16,666,913Source | -23,309,228Source | 4,502,374Source |
| Income Tax Expense (Benefit)USD | 3,511,822Source | 1,512,758Source | 1,708,262Source | 699,691Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 3,666,720Source | 1,087,183Source | -9,138,374Source | 3,057,130Source |
| Net Income (Loss) Attributable to ParentUSD | 4,931,543Source | 14,066,972Source | -15,879,116Source | 745,553Source |
| Earnings Per Share, BasicUSD per share | 0.31Source | 1.03Source | -1.2Source | 0.06Source |
| Earnings Per Share, DilutedUSD per share | 0.31Source | 1.03Source | -1.2Source | 0.06Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 16,145,011Source | 13,594,530Source | 13,229,978Source | 11,886,876Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 16,145,011Source | 13,594,530Source | 13,229,978Source | 11,886,876Source |
| Interest Expense (non-operating)USD | 111,663Source | 84,243Source | — | — |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 3,513,237Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 2,407,709Source | 2,245,272Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -2,490,646Source | — |
| General and Administrative ExpenseUSD | 15,267,842Source | 4,853,768Source | 6,052,541Source | 5,459,020Source |
| Gross ProfitUSD | 28,445,552Source | 22,532,968Source | 24,576,003Source | 19,834,734Source |
| Interest ExpenseUSD | — | — | 250,410Source | 402,968Source |
| Investment Income, InterestUSD | 677,386Source | 864,390Source | 143,094Source | 56,817Source |
| Operating ExpensesUSD | 20,923,474Source | 9,938,826Source | 13,796,776Source | 13,876,192Source |
| Operating Lease, ExpenseUSD | — | — | 668,609Source | — |
| Other IncomeUSD | 180,000Source | — | — | — |
| Research and Development ExpenseUSD | 3,920,274Source | 2,936,399Source | 5,424,400Source | 5,786,946Source |
| Selling ExpenseUSD | 1,735,358Source | 2,148,659Source | 2,319,835Source | 2,630,226Source |
Filing attachments
ea030205901ex99-1.htm · 8-K · 2026-08-14
EX-99.1 2 ea030205901ex99-1.htm PRESS RELEASE - GREENLAND TECHNOLOGIES REPORTS STRONG SECOND QUARTER AND FIRST HALF 2026 FINANCIAL RESULTS Exhibit 99.1 Greenland Technologies Reports Strong Second Quarter and First Half 2026 Financial Results Q2 Revenue Increased 37.6% Year Over Year to $29.9 Million Q2 Gross Profit Increased 65.9% to $9.5 Million; Gross Margin Expanded to 31.9% Q2 Net Income Reached $4.9 Million, Compared with a Net Loss of $2.8 Million in the Prior-Year Period First H…
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