---
title: "Greenland Technologies 2025 10-K: Revenue $90.7M, EPS $0.31"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280211817.md"
description: "Greenland Technologies reported fiscal 2025 revenue of $90.69 million, an 8% increase from 2024, with a diluted EPS of $0.31. Net income fell to $8.60 million due to higher operating expenses and a $3.51 million tax. Gross profit rose to $28.45 million, improving gross margin to 31.4%. The company increased R&D spending by 33.5% and suspended certain EV operations pending tariff clarity. Transmission unit sales grew by 11.2%, and partnerships were established for U.S. electric machinery development."
datetime: "2026-03-23T20:25:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280211817.md)
  - [en](https://longbridge.com/en/news/280211817.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280211817.md)
---

# Greenland Technologies 2025 10-K: Revenue $90.7M, EPS $0.31

Greenland Technologies reported fiscal 2025 revenue of $90.69 million and diluted net income per share of $0.31, with net income declining to $8.60 million from $15.15 million a year earlier largely due to higher operating expenses and a $3.51 million income tax. Revenue rose modestly year-over-year, while gross profit and gross margin improved. The company cited operational investments and strategic pauses in certain EV activities pending tariff clarity.

**Financial Highlights**

-   **Revenue**: $90.69 million, up $6.75 million (8.0%) vs 2024.
-   **Gross Profit**: $28.45 million, up $5.91 million (26.2%); gross margin 31.4% vs 26.8% in 2024.
-   **Income from Operations**: $7.52 million, down $5.07 million (40.3%) due to higher operating expenses.
-   **Net Income**: $8.60 million, down $6.56 million (43.3%) from $15.15 million in 2024; income tax $3.51 million.
-   **Net Income per Share**: $0.31 per share (basic and diluted), based on 16.145 million weighted average shares.

**Business Highlights**

-   **Revenue Drivers**: Revenue growth was driven by higher sales volume—transmission unit sales increased to 166,317 sets from 149,597 sets (an 11.2% increase).
-   **Customer Base**: Core sales remain concentrated with over 100 PRC forklift manufacturers; continued demand for transmissions for 1–15 ton forklifts.
-   **R&D and EV Strategy**: R&D spending increased by 33.5%; the company established its HEVI EV business but largely suspended operations in 2025 pending tariff policy, with plans to resume when the regulatory environment stabilizes.
-   **Operational Efficiency**: Improved gross margin attributed to higher production volumes; management increased provisions for inventory and focused on collections to strengthen working capital.
-   **Partnerships and Product Activity**: Launched EV models and chargers and cited a 2024 partnership with Lonking aimed at U.S. heavy electric machinery development.

Original SEC Filing: Greenland Technologies Holding Corp. \[ GTEC \] - 10-K - Mar. 23, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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