Greenland Technologies Holding (GTEC) AI Stock Analysis

• Market Cap: $13.72M
• Dividend Yield: N/A
• Average Volume (3M): 146.57K
• Price to Earnings (P/E): 0.8
• Beta (1Y): 1.61
• Revenue Growth: -1.36%
• EPS Growth: N/A
• Country: US
• Employees: 345
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Industrial - Machinery
• EPS (TTM): 0.33
• Shares Outstanding: 17,394,226
• 10 Day Avg. Volume: 198,030
• 30 Day Avg. Volume: 146,575
• PEG Ratio: -0.01
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.31
• P/FCF Ratio: 2.32
• Enterprise Value/Market Cap: 1.88
• Enterprise Value/Revenue: 0.30
• Enterprise Value/Gross Profit: 1.03
• Enterprise Value/Ebitda: 1.34
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: $1.00 ▲(42.86% Upside)

The score is driven primarily by decent underlying financial performance (profitability and revenue growth with low leverage) offset by weakening cash-flow growth and some margin pressure. Technicals are mixed with negative MACD and the stock still below longer-term moving averages, while valuation is a key positive due to the extremely low P/E. A minor negative adjustment reflects the governance concern from the adjourned shareholder meeting.

Positive Factors

Profitability margins

Sustained gross and net margins indicate an efficient cost structure and pricing power in the niche electric industrial vehicle market. Durable margins support reinvestment in product development and service capabilities, providing a buffer versus cyclical demand swings.

Conservative leverage

Low debt-to-equity gives the company financial flexibility to fund manufacturing scale-up, R&D or working capital needs without excessive refinancing risk. This capital structure helps absorb downturns and pursue strategic partnerships or incremental organic growth.

Revenue recovery and cash conversion

A return to positive revenue growth alongside a strong FCF-to-net-income ratio signals the business can convert earnings into cash. Over months, this supports steady operations, service contract expansion and modest organic investment despite near-term cash flow volatility.

Negative Factors

Weakening free cash flow

A sharp decline in free cash flow growth constrains the company’s ability to fund capex, inventory build or working capital from internal sources. Persistently weak cash generation could force external financing or limit investments in product and service expansion.

Operational margin and ROE pressure

Eroding operating margins with a declining ROE point to rising costs or margin compression versus peers. If efficiency issues persist, profitability and returns to shareholders may weaken, making it harder to fund growth initiatives without improving operations.

Shareholder governance and engagement risk

Extremely low attendance at the annual meeting signals governance and shareholder-engagement weaknesses. Poor participation can impede approval of strategic initiatives, reduce investor oversight, and raise longer-term governance risk or activist interest.

Greenland Technologies Holding Business Overview & Revenue Model

Company Description

Greenland Technologies Holding Corporation develops, manufactures, and sells drivetrain systems for material handling machineries and electric vehicles, and electric industrial vehicles. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. It also develops robotic cargo carriers. The company was founded in 2006 and is based in East Windsor, New Jersey.

How the Company Makes Money

Greenland Technologies generates revenue through the sale of its electric vehicles and related products, targeting industries such as warehousing, logistics, and manufacturing. The company's revenue model is primarily based on direct sales of its electric forklifts and other industrial vehicles. Additionally, GTEC may engage in service contracts and maintenance agreements, which provide ongoing revenue streams. Strategic partnerships with distributors and manufacturers can also enhance sales opportunities, allowing GTEC to expand its market reach and leverage existing networks to drive growth and profitability.

Greenland Technologies Holding Financial Statement Overview

Summary

Greenland Technologies Holding demonstrates solid revenue growth and profitability margins, though there are signs of operational efficiency challenges. The balance sheet is strong with low leverage, but declining return on equity suggests reduced profitability. Cash flow management is a concern due to the significant drop in free cash flow growth, though cash conversion remains effective. Overall, the company is stable but should focus on improving operational efficiency and cash flow generation.

Income Statement

Greenland Technologies Holding shows a solid gross profit margin of 27.6% in TTM, indicating efficient cost management. The net profit margin of 9.4% is healthy, though it has decreased from the previous year. Revenue growth is positive at 5.6%, recovering from a decline in prior years. However, EBIT and EBITDA margins have decreased compared to the previous year, suggesting potential operational challenges.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.27 in TTM, reflecting prudent financial leverage. Return on equity is 12.3%, which is reasonable but has decreased from the previous year, indicating reduced profitability. The equity ratio is stable, suggesting a balanced asset structure.

Cash Flow

Free cash flow growth has significantly declined by 64.1% in TTM, raising concerns about cash generation. The operating cash flow to net income ratio is 0.19, indicating moderate cash conversion efficiency. The free cash flow to net income ratio is strong at 1.07, showing effective cash management despite the decline in free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	86.17M	83.94M	90.33M	90.83M	98.84M	66.86M
Gross Profit	25.13M	22.53M	24.58M	19.83M	19.59M	12.81M
EBITDA	19.21M	19.00M	-20.87M	7.34M	12.21M	12.01M
Net Income	14.11M	14.07M	-15.88M	745.55K	6.27M	6.76M
Balance Sheet
Total Assets	123.43M	115.58M	130.48M	155.12M	162.57M	131.98M
Cash, Cash Equivalents and Short-Term Investments	33.04M	25.19M	25.80M	24.10M	13.17M	7.16M
Total Debt	15.60M	21.35M	41.93M	41.60M	54.75M	53.13M
Total Liabilities	53.57M	62.31M	79.82M	75.68M	87.72M	81.32M
Stockholders Equity	75.42M	60.21M	50.08M	65.71M	62.28M	44.89M
Cash Flow
Free Cash Flow	12.04M	13.34M	2.45M	7.31M	-5.76M	1.61M
Operating Cash Flow	12.16M	13.34M	2.45M	7.31M	-5.76M	2.70M
Investing Cash Flow	-438.21K	-1.87M	1.07M	33.69K	-638.98K	-822.77K
Financing Cash Flow	-28.77M	-30.90M	2.87M	-4.28M	14.46M	2.31M

Greenland Technologies Holding Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.70
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTEC, the sentiment is Neutral. The current price of 0.7 is below the 20-day moving average (MA) of 0.90, below the 50-day MA of 1.02, and below the 200-day MA of 1.51, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 59.27 is Neutral, neither overbought nor oversold. The STOCH value of 66.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GTEC.

Greenland Technologies Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTEC	66 Neutral	$13.72M	0.82	21.29%	―	-1.36%	―
BWEN	65 Neutral	$77.26M	16.66	8.20%	―	-1.47%	52.65%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CVV	53 Neutral	$26.43M	-145.76	-0.73%	―	19.84%	95.71%
JCSE	51 Neutral	$11.67M	-11.29	―	8.18%	-23.37%	-264.09%
CETY	41 Neutral	$3.92M	-0.64	-82.18%	―	-57.40%	52.85%
BURU	35 Underperform	$89.22M	-0.16	―	―	-98.20%	93.77%

Greenland Technologies Holding Corporate Events

Greenland Technologies Adjourns 2025 Annual Shareholder Meeting

On December 29, 2025, Greenland Technologies Holding Corporation convened but immediately adjourned its 2025 annual general meeting of shareholders after only 6.56% of its 17,394,226 outstanding ordinary shares were represented, falling short of the quorum needed to conduct official business. The meeting was rescheduled as a virtual-only session for January 30, 2026, when shareholders are expected to vote on a slate of proposals outlined in the company’s previously filed definitive proxy statement, underscoring the importance of improved shareholder participation for the company’s governance processes and decision-making.

The most recent analyst rating on (GTEC) stock is a Hold with a $0.73 price target. To see the full list of analyst forecasts on Greenland Technologies Holding stock, see the GTEC Stock Forecast page.