Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation (GTEC) Financial Performance & Income Statement Overview
Review Greenland Technologies Holding Corporation (GTEC) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Greenland Technologies Holding Corporation (GTEC) Income Statement & Financial Overview
View the income breakdown for Greenland Technologies Holding Corporation GTEC across both annual and quarterly reports.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $21.68M | $19.37M | $18.83M | $23.02M |
| Cost of Revenue | $15.02M | $14.22M | $13.87M | $16.24M |
| Gross Profit | $6.66M | $5.15M | $4.97M | $6.77M |
| Gross Profit Ratio | $0.31 | $0.27 | $0.26 | $0.29 |
| R&D Expenses | $81457.00 | $387634.00 | $437978.00 | $1.12M |
| SG&A Expenses | $1.77M | $1.005M | $1.60M | $1.67M |
| Operating Expenses | $1.85M | $1.39M | $2.04M | $2.79M |
| Total Costs & Expenses | $16.87M | $15.62M | $15.91M | $19.03M |
| Interest Income | $141040.00 | $242112.00 | $237333.00 | $215732.00 |
| Interest Expense | $0.00 | $0.00 | $9477.00 | $36008.00 |
| Depreciation & Amortization | $517134.00 | $592378.00 | $560410.00 | $502643.00 |
| EBITDA | $5.96M | $6.61M | $1.27M | $7.09M |
| EBITDA Ratio | $0.27 | $0.34 | $0.07 | $0.31 |
| Operating Income | $4.81M | $3.75M | $2.93M | $3.99M |
| Operating Income Ratio | $0.22 | $0.19 | $0.16 | $0.17 |
| Other Income/Expenses (Net) | $632415.00 | $2.27M | -$2.22M | $2.57M |
| Income Before Tax | $5.44M | $6.03M | $703543.00 | $6.55M |
| Income Before Tax Ratio | $0.25 | $0.31 | $0.04 | $0.28 |
| Income Tax Expense | $878275.00 | $673708.00 | $344250.00 | $680801.00 |
| Net Income | $4.004M | $7.60M | -$684391.00 | $4.65M |
| Net Income Ratio | $0.18 | $0.39 | -$0.04 | $0.20 |
| EPS | $0.29 | $0.56 | -$0.05 | $0.34 |
| Diluted EPS | $0.29 | $0.56 | -$0.05 | $0.34 |
| Weighted Avg Shares Outstanding | $13.60M | $13.60M | $13.60M | $13.60M |
| Weighted Avg Shares Outstanding (Diluted) | $13.60M | $13.60M | $13.60M | $13.60M |
Over the past four quarters, Greenland Technologies Holding Corporation demonstrated steady revenue growth, increasing from $23.02M in Q2 2024 to $21.68M in Q1 2025. Operating income reached $4.81M in Q1 2025, maintaining a consistent 22% margin over recent quarters. Despite fluctuations in R&D and SG&A expenses, EBITDA remained robust at $5.96M, reflecting operational efficiency. Net income dropped to $4.004M, with EPS at $0.29. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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