Greenland Tech | 10-Q: FY2025 Q3 Revenue: USD 23.4 M

Revenue: As of FY2025 Q3, the actual value is USD 23.4 M.

EPS: As of FY2025 Q3, the actual value is USD 0.33.

EBIT: As of FY2025 Q3, the actual value is USD 4.636 M.

Total Revenue: $66,798,947 for the nine months ended September 30, 2025, compared to $64,574,944 for the same period in 2024, representing an increase of $2,224,003 or 3.4%.
Transmission Boxes for Forklift: $64,684,975 for the nine months ended September 30, 2025, compared to $60,936,495 for the same period in 2024.
Transmission Boxes for Non-Forklift (Electric Vehicles, etc.): $2,113,972 for the nine months ended September 30, 2025, compared to $3,638,449 for the same period in 2024.

Gross Profit: $19,985,327 for the nine months ended September 30, 2025, compared to $17,386,811 for the same period in 2024, representing an increase of $2,598,516 or 14.9%.
Net Income: $8,388,754 for the nine months ended September 30, 2025, compared to $9,801,725 for the same period in 2024, representing a decrease of $1,412,971 or 14.4%.
Income from Operations: $7,551,068 for the nine months ended September 30, 2025, compared to $8,840,797 for the same period in 2024, representing a decrease of $1,289,729 or 14.6%.
General and Administrative Expenses: $9,580,264 for the nine months ended September 30, 2025, compared to $4,585,163 for the same period in 2024, representing an increase of $4,995,101 or 108.9%.
Research and Development Expenses: $1,085,845 for the nine months ended September 30, 2025, compared to $2,548,765 for the same period in 2024, representing a decrease of $1,462,920 or 57.4%.
Selling Expenses: $1,768,150 for the nine months ended September 30, 2025, compared to $1,412,086 for the same period in 2024, representing an increase of $356,064 or 25.2%.

Net Cash Provided by Operating Activities: $7,799,034 for the nine months ended September 30, 2025, compared to $8,983,496 for the same period in 2024.
Net Cash Used in Investing Activities: - $680,974 for the nine months ended September 30, 2025, compared to - $2,111,014 for the same period in 2024.
Net Cash Used in Financing Activities: - $12,260,289 for the nine months ended September 30, 2025, compared to - $14,388,504 for the same period in 2024.

Weighted Average Ordinary Shares Outstanding: 15,724,030 for the nine months ended September 30, 2025, compared to 13,594,530 for the same period in 2024.
Basic and Diluted Net Income per Share: $0.41 for the nine months ended September 30, 2025, compared to $0.48 for the same period in 2024.

Greenland Technologies Holding Corporation plans to continue focusing on the production and sale of transmission products for forklift trucks and electric industrial heavy equipment. The company aims to leverage its existing market position and expand its product offerings to meet the increasing demand for electric industrial vehicles and machinery powered by sustainable energy.
The company is also committed to enhancing its research and development capabilities to innovate and improve its product lines, ensuring competitiveness in the market.

Greenland Technologies Holding Corporation is exploring opportunities to diversify its product portfolio and expand into new markets, particularly in the electric industrial heavy equipment sector. The company has introduced new products such as the GEF-series electric forklifts, GEL-1800 electric wheeled front loader, GEX-8000 electric wheeled excavator, and GEL-5000 electric wheeled front loader.
The company has also launched a 54,000 square foot industrial electric vehicle assembly site in Baltimore, Maryland, to support local services, assembly, and distribution of its electric industrial heavy equipment product line.

The company prioritizes achieving measurable goals such as revenue growth, margin improvement, and market expansion. It aims to maintain a strong financial position by managing operating expenses and optimizing cash flow from operations.
Greenland Technologies Holding Corporation is focused on maintaining compliance with regulatory requirements and enhancing its corporate governance practices to ensure sustainable growth and long-term success.