<span item_type="fundamental" item_id="78f3dbc743ebbd6aeced52b31102e698" counter_id="ST/US/GTEC" env="prod"></span><span item_type="announcement" item_id="549080208399864193" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 21.72 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD -0.2.</p><p>EBIT: As of FY2025 Q2, the actual value is USD -1.911 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Total Revenue</strong>: For the six months ended June 30, 2025, Greenland Technologies Holding Corporation reported total revenue of $43.40 million, a decrease of 5.1% compared to $45.74 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1735041/000121390025075658/ea0252265-10q_greenland.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: The net income for the six months ended June 30, 2025, was $1.80 million, a significant decrease of 80.9% from $9.44 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1735041/000121390025075658/ea0252265-10q_greenland.htm"></span></li><li><strong>Gross Profit</strong>: Gross profit for the six months ended June 30, 2025, was $12.41 million, slightly down from $12.42 million in the same period of 2024. The gross margin improved to 28.6% from 27.2%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1735041/000121390025075658/ea0252265-10q_greenland.htm"></span></li><li><strong>Operating Expenses</strong>: Total operating expenses increased by 52.5% to $9.93 million for the six months ended June 30, 2025, from $6.51 million in the same period of 2024. This increase was mainly due to higher general and administrative expenses, which rose by 138.4% to $8.07 million, primarily due to stock-based compensation expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1735041/000121390025075658/ea0252265-10q_greenland.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: Net cash used in operating activities was - $0.46 million for the six months ended June 30, 2025, compared to $2.92 million provided by operating activities in the same period of 2024. This change was primarily due to increased accounts receivable and decreased accounts payable.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1735041/000121390025075658/ea0252265-10q_greenland.htm"></span></li><li><strong>Free Cash Flow</strong>: Not explicitly stated, but the net decrease in cash and cash equivalents and restricted cash was - $3.88 million for the six months ended June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1735041/000121390025075658/ea0252265-10q_greenland.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Sales Volume</strong>: Greenland sold 81,642 sets of transmission products in the six months ended June 30, 2025, compared to 80,496 sets in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1735041/000121390025075658/ea0252265-10q_greenland.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: Greenland Technologies plans to continue focusing on the production and sale of electric industrial vehicles through its subsidiary HEVI, which includes a range of lithium-powered forklifts and other electric heavy equipment. The company aims to expand its market presence in the U.S. and enhance its product offerings.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1735041/000121390025075658/ea0252265-10q_greenland.htm"></span></li><li><strong>Non-Core Business</strong>: The company is exploring opportunities to diversify its supplier network to secure a more stable supply of raw materials, which could help mitigate risks associated with supply chain disruptions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1735041/000121390025075658/ea0252265-10q_greenland.htm"></span></li></ul>

Greenland Tech | 10-Q: FY2025 Q2 Revenue: USD 21.72 M