Greenland Technologies (GTEC)
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Greenland Technologies and Lonking Join Forces to Develop Heavy Electric Machinery for the U.S. Market Under the HEVI Brand
Prnewswire· 2024-07-16 19:00
EAST WINDSOR, N.J., July 16, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, and Lonking Holdings Limited ("Lonking", Hong Kong Stock Market ticker 3339.hk), one of the world's largest construction machinery manufacturers with full year 2023 reported sales of approximately US$1.5 billion, today announced ...
Greenland Reports 64% YoY Increase in 1Q 2024 Net Income Per Share
prnewswire.com· 2024-05-16 21:22
Drives Year-over-Year Revenue Growth and Gross Margin ExpansionAchieves Major Milestone with Sales to Maryland's Port of BaltimoreAccelerates Expansion of the HEVI Authorized Service Provider (ASP) National NetworkEAST WINDSOR, N.J., May 16, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced ...
Greenland Technologies (GTEC) - 2024 Q1 - Quarterly Report
2024-05-16 04:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File number 001-38605 GREENLAND TECHNOLOGIES HOLDING CORPORATION (Exact name of registrant as specified in charter) | --- | --- | |--- ...
Port Authority of New York and New Jersey to Purchase HEVI's GEL-5000 Electric Front Loader
Prnewswire· 2024-04-23 19:00
EAST WINDSOR, N.J., April 23, 2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the "Company"), a manufacturer of all-electric heavy construction and farming machinery, today announced the Port Authority of New York and New Jersey has agreed to purchase the Company's HEVI GEL-5000 all-electric front loader. This is another important purchase order and reflects the ongoing electrification of key industrial and commerce centers as they target reduced costs and increased operating efficiencies. Raymond Wang, CEO of H ...
Greenland Technologies (GTEC) - 2023 Q4 - Annual Report
2024-04-17 04:05
公司成立及融资情况 - 格陵兰技术控股公司于2017年12月28日成立为一家有限责任的英属维尔京群岛公司[315] - 2018年7月27日,公司完成了440万单位的首次公开发行,募集了4400万美元的总收入[316] - 2019年10月24日,公司与中驰控股完成了业务合并,交易金额为750万美元[318] 财务表现 - 2023财年,格陵兰的营收从9083万美元下降至9033万美元,但不考虑汇率波动影响,实际营收增长了4.3%[324] - 2023财年,格陵兰销售了149,543套传动产品,较2022财年的129,686套有所增加[325] - 2023财年,格陵兰的总成本从2022财年的7099.59万美元下降至6575.72万美元[332] - 2023财年,格陵兰的毛利润增加了约474.13万美元,增长了23.9%[334] - 2023财年,格陵兰的总营业费用为1379.68万美元,较2022财年略有下降[335] - 2023财年,格陵兰的销售费用减少了约31.04万美元,降幅为11.8%[336] - 2023财年,格陵兰的管理费用增加了约59.35万美元,增长了10.9%[337] - 研发支出在2023年减少了约360万美元,降至约5420万美元,主要是由于2023年公司的研发活动减少[338] - 营业收入在2023年达到约1078万美元,较2022年增加约482万美元[339] - 利息收入在2023年约为140万美元,较2022年增加约80万美元,主要是由于2023年存款增加[340] - 利息支出在2023年约为250万美元,较2022年减少约150万美元,主要是由于2023年短期贷款减少[341] - 投资凭证减值在2023年约为30万美元,较2022年增加约30万美元,主要是由于对Princeton Nuenergy Inc和Learn EV的投资减值[343] - 其他收入在2023年约为1210万美元,较2022年增加约540万美元,主要是由于财富管理产品收入增加和增值税扣除增加[346] - 净亏损在2023年约为2502万美元,较2022年净收入380万美元减少约2882万美元[355] 现金流及风险管理 - 现金及现金等价物在2023年约为2298万美元,较2022年增加约668万美元[364] - 限制性现金在2023年约为521万美元,较2022年增加约178万美元[365] - 应收账款在2023年约为1735万美元,较2022年增加约225万美元[366] - 2023财年,Greenland的经营活动现金流为2.45亿美元和8.12亿美元[372] - 2023财年,主要经营活动现金流入来源为预期信用损失相关方应收账款增加3.446亿美元和折旧及摊销2.19亿美元[373] - 2023财年,投资活动现金流入约1.07亿美元,主要来源于短期投资出售收益0.44亿美元和第三方贷款偿还1.84亿美元[375] - 2023财年,融资活动现金流入约2.87亿美元,主要来自短期银行贷款6.72亿美元和应付票据9.27亿美元[377] - 2023财年,Greenland面临信用风险,主要通过信用审批、限额和监控程序控制[379] - Greenland存在流动性风险,通过财务状况分析和监控程序管理[381] - Greenland面临通货膨胀风险,可能影响运营结果[382] - Greenland采用U.S. GAAP编制财务报表,估计可能影响财务状况和运营结果[383] - 根据ASC Topic 606,“与客户签订合同的收入”,Greenland识别合同、确定履约义务、测定交易价格、分配交易价格和确认收入[385] - Greenland的合同为短期性质,应收账款在公司有无条件权利时记录[388]
Greenland Technologies Completes Initial Sales Delivery to Maryland's Port of Baltimore
Prnewswire· 2024-04-10 19:00
EAST WINDSOR, N.J., April 10, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced completion of its initial sales delivery to Maryland's Port of Baltimore of the Company's HEVI GEL-5000 all-electric front loader. The sales are part of a bid Greenland won in 2023, under which Greenland will hel ...
Greenland Expands HEVI's Fast Growing Approved Service Provider Network to North Carolina with Addition of Truck and Auto Repair
Prnewswire· 2024-04-02 19:00
EAST WINDSOR, N.J., April 2, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced a further expansion of Greenland's fast growing HEVI Authorized Service Provider (ASP) national network program to North Carolina, with the addition of Truck and Auto Repair, which will support increased demand fo ...
Greenland Technologies Operations Unaffected by Francis Scott Key Bridge Collapse in Baltimore, MD; Company Reaffirms April 2024 Sales Delivery Plan
Prnewswire· 2024-04-01 19:00
EAST WINDSOR, N.J., April 1, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, issued the following comment on Baltimore's Francis Scott Key Bridge collapse. Raymond Wang, CEO of Greenland, commented, "Our heartfelt thoughts and condolences go out to the families, the greater Baltimore community, and the he ...
Update: Greenland Technologies Plans April 2024 Initial Sales Delivery to Maryland's Port of Baltimore
Prnewswire· 2024-03-21 20:36
公司新闻 - Greenland Technologies Holding Corporation计划在2024年4月向马里兰州巴尔的摩港交付首批HEVI GEL-5000全电动前装载机[1] - Greenland的CEO表示,HEVI GEL-5000旨在改善操作员的工作条件,降低拥有成本,具有强大的动力和操作重量,适用于各种室内外场景[3] 巴尔的摩港 - 巴尔的摩港是美国吞吐量最大的港口之一,拥有深水港,便利于中西部地区的货物运输[2]
Greenland's Board Approves Spin-off and Creation of Pureplay Industrial EV Company
Prnewswire· 2024-02-14 20:00
EAST WINDSOR, N.J., Feb. 14, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company") today announced that the Company's Board of Directors (the "Board") had approved a spin-off of its drivetrain systems business, and approved a plan to separate its electric industrial vehicles and drivetrain systems segments into two independent, publicly-traded companies. The Company expects to create these companies through a tax-free spin-off of its drivetrain systems ...