Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 50 Millstone Road Building 400, Suite 130 EAST WINDSOR NJ 08512 |
Tel: | N/A |
Website: | https://ir.gtec-tech.com |
IR: | See website |
Key People | ||
Peter Zuguang Wang Chairman of the Board | Raymond Z. Wang President, Chief Executive Officer | Jing Jin Chief Financial Officer | Lei Chen Chief Scientist |
Business Overview |
Greenland Technologies Holding Corporation is a developer and manufacturer of drivetrain systems for material handling machinery and electric vehicles, as well as electric industrial vehicles. The Company operates through its wholly owned subsidiaries, which include Zhongchai Holding (Hong Kong) Limited (Zhongchai Holding) and HEVI Corporation (HEVI). Through Zhongchai Holding, the Company develops and manufactures traditional transmission products for material handling machinery in the People's Republic of China (the PRC). Through its PRC subsidiaries, it offers transmission products, which are the components for forklift trucks used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. HEVI promotes sales of alternative products for the heavy industrial equipment industry, including electric industrial vehicles in the North American market. |
Financial Overview |
For the fiscal year ended 31 December 2023, Greenland Technologies Holding Corp revenues decreased 1% to $90.3M. Net loss totaled $15.9M vs. income of $746K. Revenues reflect Transmission boxes for Non-Forklift segment decrease of 58% to $4.4M. Net loss reflects Allowance for expected credit loss-relat increase from $0K to $34.5M (expense), Remeasurement loss from change in functi increase from $0K to $2.5M (expense). |
Employees: | 325 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $36.93M as of Dec 31, 2023 |
Annual revenue (TTM): | $90.33M as of Dec 31, 2023 |
EBITDA (TTM): | $12.97M as of Dec 31, 2023 |
Net annual income (TTM): | -$15.88M as of Dec 31, 2023 |
Free cash flow (TTM): | $1.71M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $13.96M as of Dec 31, 2023 |
Shares outstanding: | 13,594,530 as of Apr 16, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |