Greenland Tech | 8-K: FY2025 Q1 Revenue: USD 21.68 M

Revenue: As of FY2025 Q1, the actual value is USD 21.68 M.

EPS: As of FY2025 Q1, the actual value is USD 0.29.

EBIT: As of FY2025 Q1, the actual value is USD 5.441 M.

Segment Revenue

• Revenue for the first quarter of 2025 was $21.68 million, a decrease of 4.6% compared to $22.72 million in the first quarter of 2024.

Operational Metrics

• Gross profit increased by 18.0% to $6.66 million in Q1 2025 from $5.65 million in Q1 2024, with gross margins expanding to 30.7% from 24.9%.
• Operating expenses decreased by 50.2% to $1.85 million in Q1 2025 from $3.72 million in Q1 2024.
• Income from operations increased by 149.6% to $4.81 million in Q1 2025 from $1.93 million in Q1 2024.
• Net income was $4.56 million in Q1 2025, up from $3.57 million in Q1 2024, with earnings per share increasing by 61% year-over-year.

Cash Flow

• Cash and cash equivalents decreased by 18.86% to $5.40 million as of March 31, 2025, from $6.66 million as of December 31, 2024.
• Restricted cash increased by 9.78% to $2.14 million as of March 31, 2025, from $1.95 million as of December 31, 2024.

Unique Metrics

• Accounts receivables increased by 35.63% to $21.42 million as of March 31, 2025, from $15.80 million as of December 31, 2024.
• Notes receivables decreased by 9.04% to $20.68 million as of March 31, 2025, from $22.74 million as of December 31, 2024.

Outlook / Guidance

• Greenland Technologies is focusing on higher-value products and expects sustained long-term value creation for shareholders.
• The company is managing its global inventory and supply chain with discipline to remain agile and cost-effective.
• Greenland Technologies is strengthening its role as a trusted partner to provide tailored solutions to customers facing increasing complexity.