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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	86.17	83.94	90.33	90.83	98.84	66.86
Revenue Growth (YoY)	-1.35%	-7.07%	-0.55%	-8.10%	47.82%	27.60%
Cost of Revenue	61.04	61.41	65.76	71	79.25	54.05
Gross Profit	25.13	22.53	24.58	19.83	19.59	12.81
Selling, General & Admin	12.35	7	8.37	8.09	5.82	3.72
Research & Development	1.47	2.94	5.42	5.79	5.53	2.38
Operating Expenses	13.83	9.94	48.26	13.88	11.34	6.1
Operating Income	11.3	12.59	-23.68	5.96	8.25	6.71
Interest Expense	-	-0.08	-0.25	-0.4	-0.59	-0.93
Interest & Investment Income	0.99	0.86	0.14	0.06	0.07	0
Currency Exchange Gain (Loss)	-	-	-2.49	-	-	1.94
Other Non Operating Income (Expenses)	4.76	3.29	3.3	-1.11	1.38	1
EBT Excluding Unusual Items	17.06	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	17.06	16.67	-23.31	4.5	9.11	8.64
Income Tax Expense	3.32	1.51	1.71	0.7	1.84	2.27
Earnings From Continuing Operations	13.74	15.15	-25.02	3.8	7.27	6.37
Minority Interest in Earnings	0.37	-1.09	9.14	-3.06	-1	0.39
Net Income	14.11	14.07	-15.88	0.75	6.27	6.76
Net Income to Common	14.11	14.07	-15.88	0.75	6.27	6.76
Net Income Growth	-	-	-	-88.10%	-7.29%	51.38%
Shares Outstanding (Basic)	15	14	13	12	11	10
Shares Outstanding (Diluted)	15	14	13	12	11	10
Shares Change (YoY)	12.99%	2.76%	11.30%	9.65%	8.00%	26.53%
EPS (Basic)	0.93	1.03	-1.20	0.06	0.58	0.67
EPS (Diluted)	0.92	1.03	-1.20	0.06	0.58	0.67
EPS Growth	-	-	-	-89.62%	-13.74%	19.64%
Free Cash Flow	11.34	11.38	1.71	6.79	-6.65	2.7
Free Cash Flow Per Share	0.75	0.84	0.13	0.57	-0.61	0.27
Gross Margin	29.17%	26.84%	27.21%	21.84%	19.82%	19.16%
Operating Margin	13.12%	15.00%	-26.22%	6.56%	8.35%	10.03%
Profit Margin	16.37%	16.76%	-17.58%	0.82%	6.34%	10.11%
Free Cash Flow Margin	13.16%	13.55%	1.90%	7.47%	-6.73%	4.03%
EBITDA	13.46	14.84	-21.49	8.39	10.76	9.14
EBITDA Margin	15.62%	17.68%	-23.79%	9.24%	10.89%	13.68%
D&A For EBITDA	2.15	2.25	2.19	2.44	2.51	2.44
EBIT	11.3	12.59	-23.68	5.96	8.25	6.71
EBIT Margin	13.12%	15.00%	-26.22%	6.56%	8.35%	10.03%
Effective Tax Rate	19.46%	9.08%	-	15.54%	20.23%	26.29%

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

SEC Filings: 10-K · 10-Q