Greenland Technologies Holding Corporation (GTEC)

GTEC Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	81.6	83.94	90.33	90.83	98.84	66.86
Revenue Growth (YoY)	-9.69%	-7.07%	-0.55%	-8.10%	47.82%	27.60%
Cost of Revenue	59.08	61.41	65.76	71	79.25	54.05
Gross Profit	22.52	22.53	24.58	19.83	19.59	12.81
Selling, General & Admin	12.01	7	8.37	8.09	5.82	3.72
Research & Development	1.35	2.94	5.42	5.79	5.53	2.38
Operating Expenses	13.36	9.94	48.26	13.88	11.34	6.1
Operating Income	9.17	12.59	-23.68	5.96	8.25	6.71
Interest Expense	-0	-0.08	-0.25	-0.4	-0.59	-0.93
Interest & Investment Income	0.79	0.86	0.14	0.06	0.07	0
Currency Exchange Gain (Loss)	-	-	-2.49	-	-	1.94
Other Non Operating Income (Expenses)	0.3	3.29	3.3	-1.11	1.38	1
EBT Excluding Unusual Items	10.25	16.66	-22.98	4.5	9.11	8.72
Gain (Loss) on Sale of Investments	-	-	-0.3	-	-	-
Gain (Loss) on Sale of Assets	0.01	0.01	-0.03	-0	0	-0.08
Pretax Income	10.26	16.67	-23.31	4.5	9.11	8.64
Income Tax Expense	2.75	1.51	1.71	0.7	1.84	2.27
Earnings From Continuing Operations	7.51	15.15	-25.02	3.8	7.27	6.37
Minority Interest in Earnings	0.18	-1.09	9.14	-3.06	-1	0.39
Net Income	7.69	14.07	-15.88	0.75	6.27	6.76
Net Income to Common	7.69	14.07	-15.88	0.75	6.27	6.76
Net Income Growth	-	-	-	-88.10%	-7.29%	51.38%
Shares Outstanding (Basic)	14	14	13	12	11	10
Shares Outstanding (Diluted)	14	14	13	12	11	10
Shares Change (YoY)	5.15%	2.76%	11.30%	9.65%	8.00%	26.53%
EPS (Basic)	0.54	1.03	-1.20	0.06	0.58	0.67
EPS (Diluted)	0.53	1.03	-1.20	0.06	0.58	0.67
EPS Growth	-	-	-	-89.62%	-13.74%	19.64%
Free Cash Flow	9.12	11.38	1.71	6.79	-6.65	2.7
Free Cash Flow Per Share	0.64	0.84	0.13	0.57	-0.61	0.27
Gross Margin	27.60%	26.84%	27.21%	21.84%	19.82%	19.16%
Operating Margin	11.23%	15.00%	-26.22%	6.56%	8.35%	10.03%
Profit Margin	9.43%	16.76%	-17.58%	0.82%	6.34%	10.11%
Free Cash Flow Margin	11.18%	13.55%	1.90%	7.47%	-6.73%	4.03%
EBITDA	11.36	14.84	-21.49	8.39	10.76	9.14
EBITDA Margin	13.92%	17.68%	-23.79%	9.24%	10.89%	13.68%
D&A For EBITDA	2.19	2.25	2.19	2.44	2.51	2.44
EBIT	9.17	12.59	-23.68	5.96	8.25	6.71
EBIT Margin	11.23%	15.00%	-26.22%	6.56%	8.35%	10.03%
Effective Tax Rate	26.76%	9.08%	-	15.54%	20.23%	26.29%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q