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MARKETS / NASDAQ / GTEC
NASDAQ · GENERAL INDUSTRIAL MACHINERY & EQUIPMENT · SMALL CAP

Greenland Technologies Holding Corp. GTEC

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$90.7M
▲ 8.0% YoY
$4.9M
▼ 64.9% YoY
$15.1M
▲ 32.6% YoY
In brief

What this company does

Greenland Technologies Holding Corporation designs, develops, manufactures and sells components and products for the global material handling industries. Through its subsidiaries in the PRC, Greenland offers transmission products, which are key components for forklift trucks used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfilment centers, shipyards, and seaports. In the fiscal years ended December 31, 2025 and 2024, Greenland sold an aggregate of 166,317 and 149,597 sets of transmission products, respectively, to more than 100 forklift manufacturers in the PRC. In January 2020, Greenland formed HEVI Corp. to focus on the production and sale of electric industrial vehicles to meet the increasing demand for electric industrial vehicles and machinery powered by sustainable energy to reduce air pollution and lower carbon emissions. Through Zhongchai Holding and its subsidiaries, Greenland develops and manufactures traditional transmission products for material handling machinery in the PRC. Greenland was incorporated on December 28, 2017 as a British Virgin Islands business company with limited liability. As of December 31, 2025, the total number of full-time employees employed at Greenland and its subsidiaries was 340, with 336 employees located in the PRC and four employees located in the U.S.

Written from the business description in Greenland Technologies Holding Corporation's annual report to the U.S. Securities and Exchange Commission, filed 23 March 2026. Every sentence was checked against that document before publication.

Growth
USD 90.7M
Revenue, FY2025 · full 8-year series below
Revenue $M Net income $M
FY2025 · Revenue 90.7 · Net income 4.9
40M80M-8M20182019202020212022202320242025
Compound annual growth
−0.1%
+6.3%
+87.7%
−6.1%
+72.9%
−14.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 8.3% · Net 9.5%
5%10%15%-10%-20%20182019202020212022202320242025
ROE
FY2025 · ROE 7.4%
10%20%-10%-20%20182019202020212022202320242025

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders
USD 2.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 15.1
8M-2M20182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 2.2 · Net buybacks —
2M4M2019202320242025

USD 2.2M in dividends — 45% of the year's profit went back to shareholders.

Total assetsUSD 115.8M
EquityUSD 72.9M
CashUSD 7.8M
Current ratio1.97×

Equity funds 63% of total assets.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B0.10.10.10.10.10.10.10.1
Operating income $B0.00.00.00.00.00.00.00.0
EBITDA $B0.00.00.00.00.00.00.00.0
Income tax $B0.00.00.00.00.00.00.00.0
Net income $B0.00.0−0.00.00.00.00.00.0
Free cash flow $B0.00.00.0···0.0−0.0
EPS, diluted $0.311.03−1.200.060.580.670.560.79
Dividend / sh $········
Payout %4542−4···4·
ROE %7.425.5−27.41.211.716.212.720.9
Shares out B0.020.010.010.010.010.010.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 39 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 56 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityGeneral Industrial Machinery & Equipment
Listed onNASDAQ
Incorporated inoutside the United States — SEC code D8
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2018

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