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Greenland Technologies Holding (GTEC)
NASDAQ:GTEC
US Market

Greenland Technologies Holding (GTEC) AI Stock Analysis

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Greenland Technologies Holding

(NASDAQ:GTEC)

Rating:69Neutral
Price Target:
$2.00
▲(1.52%Upside)
GTEC's overall score is driven by strong financial performance and attractive valuation. The company's robust profitability and cash flow management are key strengths, while technical indicators suggest caution in the short term. The attractive P/E ratio supports a favorable valuation outlook, although inconsistent revenue growth and the lack of new corporate events or earnings call guidance are notable challenges.

Greenland Technologies Holding (GTEC) vs. SPDR S&P 500 ETF (SPY)

Greenland Technologies Holding Business Overview & Revenue Model

Company DescriptionGreenland 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 MoneyGreenland Technologies Holding makes money primarily through the sale of its electric industrial vehicles and drivetrain systems. The company generates revenue by selling these products to a variety of industries that require reliable and efficient material handling solutions. Key revenue streams include direct sales of electric forklifts and other industrial vehicles, as well as drivetrain systems for machinery used in logistics and warehousing sectors. Additionally, the company's earnings are bolstered by its strategic partnerships with other manufacturers and distributors, which help expand its market reach and enhance its distribution network. Greenland Technologies also invests in research and development to continually innovate its product offerings, ensuring they meet the evolving demands of its clients while contributing to sustainable industrial practices.

Greenland Technologies Holding Financial Statement Overview

Summary
Greenland Technologies Holding demonstrates strong profitability with significant net income improvement and robust margins, although revenue growth has been inconsistent. The balance sheet is stable with conservative leverage, and cash flow management is strong, evidenced by significant free cash flow improvements.
Income Statement
75
Positive
Greenland Technologies Holding demonstrates strong profitability with a significant improvement in net income from previous losses, achieving a TTM net profit margin of 18.78%. The company also shows a robust gross profit margin of 28.4% and an EBITDA margin of 25.26% in the TTM. However, revenue growth has been inconsistent, with a decline in 2024, highlighting potential challenges in maintaining sales momentum.
Balance Sheet
70
Positive
The company's balance sheet is moderately strong with a debt-to-equity ratio of 0.3, indicating a conservative leverage position. The equity ratio is 54.47%, reflecting a solid equity base. However, the company has experienced fluctuations in total assets and stockholders' equity, suggesting potential volatility in financial stability.
Cash Flow
80
Positive
Greenland Technologies Holding shows strong cash flow management with a significant free cash flow improvement, evidenced by a TTM free cash flow of $22.93 million. The operating cash flow to net income ratio is high, indicating efficient cash generation relative to net income. The company's ability to generate positive free cash flow consistently is a notable strength.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue82.90M83.94M90.33M90.83M98.84M66.86M
Gross Profit23.55M22.53M24.58M19.84M19.59M12.81M
EBITDA20.94M19.00M-20.87M7.34M12.21M12.01M
Net Income15.57M14.07M-15.88M745.55K6.27M6.76M
Balance Sheet
Total Assets118.65M115.58M130.48M155.12M162.57M131.98M
Cash, Cash Equivalents and Short-Term Investments20.16M25.19M25.80M24.10M13.17M7.16M
Total Debt19.43M21.35M41.93M41.60M54.97M53.13M
Total Liabilities60.56M62.31M79.82M70.20M87.72M81.32M
Stockholders Equity64.62M60.21M50.08M65.71M62.28M44.89M
Cash Flow
Free Cash Flow22.93M13.34M1.71M6.79M-6.65M1.61M
Operating Cash Flow23.01M13.34M2.45M7.31M-5.76M2.70M
Investing Cash Flow-689.52K-1.87M1.07M33.69K-638.98K-822.77K
Financing Cash Flow-35.01M-30.90M2.87M-4.28M14.46M2.31M

Greenland Technologies Holding Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.97
Price Trends
50DMA
2.02
Negative
100DMA
1.81
Positive
200DMA
2.04
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
44.55
Neutral
STOCH
16.03
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTEC, the sentiment is Negative. The current price of 1.97 is below the 20-day moving average (MA) of 2.07, below the 50-day MA of 2.02, and below the 200-day MA of 2.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.55 is Neutral, neither overbought nor oversold. The STOCH value of 16.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GTEC.

Greenland Technologies Holding Risk Analysis

Greenland Technologies Holding disclosed 43 risk factors in its most recent earnings report. Greenland Technologies Holding reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Greenland Technologies Holding Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
$34.27M1.7226.72%-8.81%
61
Neutral
C$6.56B9.383.44%2.88%6.99%-11.09%
57
Neutral
$41.74M30.96-1.24%-25.94%-108.22%
CVCVV
57
Neutral
$21.54M-0.26%48.84%98.75%
40
Underperform
$47.57M77.71%1.71%-3.55%
40
Underperform
$13.35M-90.36%-87.59%51.14%
$6.00M242.550.14%7.89%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GTEC
Greenland Technologies Holding
1.97
0.54
37.76%
BWEN
Broadwind Energy
1.84
-1.35
-42.32%
CVV
CVD Equipment
3.13
-0.87
-21.75%
TPIC
TPI Composites
0.98
-2.86
-74.48%
CETY
Clean Energy Technologies
0.21
-1.03
-83.06%
JCSE
JE Cleantech Holdings Limited
1.14
0.31
37.35%

Greenland Technologies Holding Corporate Events

Executive/Board Changes
Greenland Technologies Appoints New Acting CFO
Neutral
Apr 23, 2025

On April 18, 2025, Greenland Technologies Holding Corporation, a company formed in the British Virgin Islands, experienced a change in its financial leadership. The company’s Chief Financial Officer, Mr. Jing Jin, resigned due to personal reasons, and Ms. Chenyang Wang was appointed as the acting CFO effective the same day. Ms. Wang, who has a background in financial management and investment analysis, entered into an employment and indemnification agreement with the company on April 22, 2025, ensuring her compensation and participation in share incentive plans.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 05, 2025