Name: Greenland Technologies Holding Corporation (GTEC) Financial Statements
Creator: FinSpry

Greenland Technologies Holding Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Greenland Technologies Holding Corporation income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	83.94	90.33	90.83	98.84	66.86
Cost of Revenue	61.41	65.76	71.00	79.25	54.05
Gross Profit	22.53	24.58	19.83	19.59	12.81
Operating Expenses
Research & Development	2.94	5.42	5.79	5.53	2.38
Selling, General & Administrative	7.00	8.37	8.09	5.82	3.72
Operating Expenses	9.06	47.57	13.88	11.34	6.10
Operating Income	13.48	-22.99	5.96	8.25	6.71
Other Income/Expense
Interest Income	0.86	0.14	0.06	0.07	0.00
Interest Expense	0.08	0.25	-0.40	0.59	-0.93
Other Income/Expense	2.41	-0.21	-1.11	1.38	1.00
Income
Income Before Tax	16.67	-23.31	4.50	9.11	8.64
Income Tax Expense	1.51	1.71	0.70	1.84	2.27
Net Income	14.07	-15.88	0.75	6.27	6.76
Net Income - Continuous Operations	15.15	-25.02	3.80	7.27	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	19.00	-20.87	8.39	12.21	9.14
EBIT	16.75	-23.06	5.96	9.70	6.71
Depreciation & Amortization	2.25	2.19	2.44	2.51	2.44
Earnings Per Share
Basic EPS	1.00	-1.00	-	1.00	1.00
Diluted EPS	1.00	-1.00	-	1.00	1.00
Basic Shares Outstanding	13.59	13.23	11.89	10.84	10.04
Diluted Shares Outstanding	13.59	13.23	11.89	10.84	10.04