Greenland Technologies Holding Corporation

GTEC

GTECGreenland Technologies Holding Corporation US flag

NASDAQ Capital Market

0.67

USD

-0.02

- -

16.83MMarket Cap

Income Statement (USD)

API Chat

	2018 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	- -	60	52	67	99	91	90	84	91
+ Sales & Services Revenue	- -	60	52	67	99	91	90	84	91
- Cost of Revenue	- -	46	40	54	79	71	66	61	62
+ Cost of Goods & Services	- -	46	40	54	79	71	66	61	62
Gross Profit	- -	14	12	13	20	20	25	23	28
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	5	6	6	11	14	48	9	20
+ Selling, General & Admin	- -	3	3	4	6	8	8	7	17
+ Research & Development	- -	3	2	2	6	6	5	3	4
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	34	-1	-1
Operating Income (Loss)	- -	9	7	7	8	6	-23	13	8
- Non-Operating (Income) Loss	- -	1	1	-2	-1	1	- -	-3	-4
+ Interest Expense, Net	- -	1	1	1	1	- -	- -	-1	-1
+ Interest Expense	- -	2	1	1	1	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	1	1
+ Other Non-Op (Income) Loss	- -	-1	- -	-3	-1	1	- -	-2	-3
Pretax Income	- -	8	6	9	9	5	-23	17	12
- Income Tax Expense (Benefit)	- -	1	1	2	2	1	2	2	4
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	- -	7	5	6	7	4	-25	15	9
- Net Extraordinary Losses (Gains)	- -	1	1	-1	2	6	-18	2	7
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	1	1	-1	2	6	-18	2	7
Income (Loss) Incl. MI	- -	5	4	7	5	-2	-7	13	1
- Minority Interest	- -	-1	-1	- -	-1	-3	9	-1	-4
Net Income, GAAP	- -	6	4	7	6	1	-16	14	5
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	- -	6	4	7	6	1	-16	14	5
EBIT	- -	9	7	7	8	6	-23	13	8
EBITDA	- -	10	9	9	11	8	-21	16	11
EBITDA Margin (%)	- -	17.07	16.99	13.67	10.89	9.24	-23.03	18.73	11.84
EBITA	- -	9	7	7	8	6	-23	13	8
Gross Margin (%)	- -	23.37	23.62	19.16	19.82	21.84	27.21	26.84	31.36
Operating Margin (%)	- -	14.44	12.6	10.03	8.35	6.56	-25.45	16.05	9.19
Profit Margin (%)	- -	9.89	8.52	10.11	6.34	0.82	-17.58	16.76	5.44
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	0.02	- -	- -	- -	0.05	0.44	0.14
Depreciation Expense	- -	2	2	2	3	2	2	2	2
Basic Weighted Avg Shares	- -	8	8	10	11	12	13	14	16
Basic EPS, GAAP	- -	0.79	0.56	0.67	0.58	0.06	-1.2	1.03	0.31
Basic EPS from Cont Ops	- -	0.88	0.64	0.63	0.67	0.32	-1.89	1.11	0.53
Diluted Weighted Avg Shares	- -	8	8	10	11	12	13	14	16
Diluted EPS, GAAP	- -	0.79	0.56	0.67	0.58	0.06	-1.2	1.03	0.31
Diluted EPS from Cont Ops	- -	0.88	0.64	0.63	0.67	0.32	-1.89	1.11	0.53

Balance Sheet (USD)

API Chat

	2018 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	1	48	80	108	139	126	100	93	95
+ Cash, Cash Equivalents & STI	1	6	2	7	13	24	26	25	35
+ Cash & Cash Equivalents	1	6	2	7	11	16	23	7	8
+ ST Investments	- -	- -	- -	- -	2	8	3	19	27
+ Accounts & Notes Receiv	- -	27	64	82	93	73	44	39	33
+ Accounts Receivable, Net	- -	10	12	12	16	14	16	16	17
+ Notes Receivable, Net	- -	16	16	31	38	29	27	23	15
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	36	39	40	30	- -	- -	1
+ Inventories	- -	12	10	15	26	23	25	23	24
+ Raw Materials	- -	6	4	6	11	9	11	11	11
+ Work In Process	- -	2	1	2	3	2	3	2	2
+ Finished Goods	- -	5	4	7	12	12	12	11	12
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	-1	-1	-2
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	4	4	3	7	5	6	5	3
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	44	63	26	24	23	29	31	23	21
+ Property, Plant & Equip, Net	- -	22	21	20	19	18	16	15	12
+ Property, Plant & Equip	- -	31	31	34	36	36	35	36	36
- Accumulated Depreciation	- -	9	11	14	17	18	19	21	24
+ LT Investments & Receivables	44	- -	- -	- -	- -	- -	10	4	4
+ LT Investments	44	- -	- -	- -	- -	- -	10	4	4
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	41	6	4	4	11	5	4	4
+ Total Intangible Assets	- -	4	4	4	4	4	4	3	3
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	4	4	4	4	4	4	3	3
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	37	2	- -	- -	7	1	1	1
Total Assets	45	111	106	132	163	155	130	116	116
+ Payables & Accruals	- -	22	17	25	30	27	32	37	35
+ Accounts Payable	- -	15	15	22	29	25	25	23	26
+ Accrued Taxes	- -	- -	- -	1	- -	- -	1	1	2
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	7	2	2	1	1	6	13	8
+ ST Debt	- -	37	38	53	55	39	40	20	13
+ ST Borrowings	- -	37	36	52	54	39	40	19	13
+ ST Finance Leases	- -	- -	3	1	- -	- -	- -	1	- -
+ Other ST Liabilities	- -	4	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	4	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	- -	63	56	79	85	66	73	58	48
+ LT Debt	- -	7	1	- -	- -	2	2	1	- -
+ LT Borrowings	- -	7	1	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	1	- -	- -	2	2	1	- -
+ Other LT Liabilities	40	2	2	2	2	7	6	4	1
+ Accrued Liabilities	1	- -	2	2	2	2	2	1	1
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	39	2	- -	- -	- -	5	4	2	- -
Total Noncurrent Liabilities	40	9	4	3	2	9	7	5	1
Total Liabilities	40	72	60	81	88	76	80	62	49
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	49	12	15	14	24	30	30	27	33
+ Common Stock	5	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	44	12	15	14	24	30	30	27	33
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	16	20	27	34	34	19	33	38
+ Other Equity	- -	4	4	4	5	1	1	- -	2
Equity Before Minority Interest	5	32	39	45	62	66	50	60	73
+ Minority/Non Controlling Interest	- -	8	8	6	13	14	1	-7	-7
Total Equity	5	40	47	51	75	79	51	53	66
Total Liabilities & Equity	45	111	106	132	163	155	130	116	116
Shares Outstanding	6	10	10	10	11	13	14	14	17
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	4	1	- -	3	2	2	- -
Net Debt	-1	38	35	45	43	23	17	13	5
Net Debt to Equity	-12.89	95.2	74.56	88.84	58	28.52	33.11	24.03	7.68
Tangible Common Equity Ratio	11.1	33.25	41.99	36.44	44.66	49.99	37.07	44.48	55.99
Current Ratio	23.31	0.76	1.43	1.37	1.63	1.9	1.38	1.61	1.97
Cash Conversion Cycle	- -	33.12	35.06	39.44	43.2	42.49	58.72	66.08	65.97

Cash Flow Statement (USD)

API Chat

	2018 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	- -	7	5	6	7	4	-25	15	9
+ Depreciation & Amortization	- -	2	2	2	3	2	2	2	2
+ Non-Cash Items	- -	- -	- -	- -	- -	3	34	-1	6
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	6
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	3	34	- -	- -
+ Chg in Non-Cash Work Cap	- -	-6	- -	-6	-15	-2	-9	-4	-1
+ (Inc) Dec in Accts Receiv	- -	-3	-2	-12	-9	6	-2	5	7
+ (Inc) Dec in Inventories	- -	-4	2	-4	-10	- -	-2	1	-1
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	-2	2
+ Inc (Dec) in Accts Payable	- -	- -	2	11	6	-2	2	4	2
+ Inc (Dec) in Other	- -	2	-1	- -	-3	-7	-7	-12	-11
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	3	8	3	-6	7	2	13	16
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	-7	-2	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	-7	-2	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	8	9	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	8	9	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	1	1	-1	-1	- -	1	-2	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	-6	-2	-1	-1	- -	1	-2	-1
+ Dividends Paid	- -	- -	- -	- -	- -	- -	-1	-6	-2
+ Net Cash From Debt	- -	-3	-15	2	- -	-14	4	-20	-14
+ Cash From Debt	- -	22	44	32	24	12	16	6	- -
+ Repayments of Debt	- -	-25	-58	-30	-24	-25	-12	-25	-14
+ Other Financing Activities	- -	2	5	- -	6	- -	- -	-5	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	- -	-10	2	14	-4	3	-31	-16
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	-1	2	- -	- -
Net Changes in Cash	- -	-3	-3	4	8	3	6	-19	-1
EBITDA	- -	10	9	9	11	8	-21	16	11
EBITDA Margin (%)	- -	17.07	16.99	13.67	10.89	9.24	-23.03	18.73	11.84
Free Cash Flow	- -	-4	6	3	-6	7	2	13	16
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	-2	7	3	-5	8	- -	13	16
Free Cash Flow to Equity	- -	-6	-9	5	-6	-6	6	-6	2
Free Cash Flow per Basic Share	- -	-0.48	0.72	0.27	-0.53	0.62	0.19	0.98	0.97
Price/Free Cash Flow	- -	7.62	3.84	26.96	-12.11	3.54	15.07	1.98	0.63
Cash Flow to Net Income	- -	0.51	1.79	0.4	-0.92	9.81	-0.15	0.95	3.17
Capital Expenditures	- -	-7	-2	- -	- -	- -	- -	- -	- -