Greenland Technologies Holding Corp (OQ:GTEC)

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
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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

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