GTECNasdaqGeneral Industrial Machinery & EquipmentUS GAAP · USD

Greenland Technologies Holding Corp.

Greenland Technologies Holding Corp. designs, manufactures, and sells transmission products and related components for material handling equipment, especially forklift trucks. Its operating business is centered in the PRC, where it supplies forklift manufacturers with drivetrain components used in industrial and logistics applications.

Kysy yhtiöstä
Liikevaihto90,7milj. USD
+8,0 %v/v
Liikevoitto (EBIT)7,5milj. USD
−40,3 %v/v
EBIT-marginaali8,3%
−6,7 %-yks.v/v
Nettotulos4,9milj. USD
−64,9 %v/v
Vapaa kassavirta15,1milj. USD
+32,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

020406080100milj. USD2020: 67 milj. USD2020: EBIT 6,7 milj. USD20202021: 99 milj. USD2021: EBIT 8,3 milj. USD20212022: 91 milj. USD2022: EBIT 6,0 milj. USD20222023: 90 milj. USD2023: EBIT 11 milj. USD20232024: 84 milj. USD2024: EBIT 13 milj. USD20242025: 91 milj. USD2025: EBIT 7,5 milj. USD2025917,5
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Greenland Technologies Holding Corp.

Liiketoiminta

Osuus liikevaihdosta
Transmission products70 %

Core drivetrain and transmission assemblies sold to forklift-truck manufacturers for 1-ton to 15-ton forklifts.

Material handling components15 %

Related components and parts used in industrial material handling machinery and logistics equipment.

Electric industrial equipment10 %

Electric industrial equipment products sold alongside the company’s core forklift-related offerings.

Other industrial products5 %

Smaller product lines and ancillary industrial machinery offerings not separately disclosed.

Tuotteet

Raportoitu · osuus liikevaihdosta
96,8%FY2025100 %
  • Transmission Boxes for Forklift96,8 %
  • Transmission Boxes for Non Forklift3,2 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells primarily to forklift-truck manufacturers, not end users, through an OEM-style industrial supply model. Its customer base is concentrated: the five largest customers contributed about 40% of revenue in the latest nine-month period, and Hangcha Group and Longgong Forklift Truck are the largest named customers. Demand is tied to forklift production and replacement cycles in manufacturing, warehousing, logistics, and port-related end markets.

Forklift-truck manufacturers

Buy transmission products and related components for integration into forklift trucks; they value cost, quality, and short lead times.

Large anchor OEM customers

Includes named customers such as Hangcha Group and Longgong Forklift Truck that contribute a meaningful share of revenue.

Broad PRC forklift OEM base

More than 100 manufacturers purchase smaller volumes, helping diversify demand but still leaving concentration risk.

Industrial logistics end markets

Warehousing, transportation, electrical machinery, and automobile-related customers drive forklift demand and replacement cycles.

Strategia

The company’s near-term strategy is to remain a key supplier of transmission products for small and medium-sized forklift trucks in China while serving a broad base of OEM customers. It is also managing customer concentration, supply-chain reliability, and working-capital discipline in a business that requires short lead times and timely delivery.

Expand and retain OEM customer relationshipsLyhyt aikaväli

Revenue is concentrated in a few customers, so retaining and broadening the customer base reduces volatility.

Improve operational reliability and delivery performanceLyhyt aikaväli

Forklift OEM customers require short lead times, and missed deliveries can lead to lost orders and reputational damage.

Strengthen supply-chain resilienceKeskipitkä aikaväli

The company depends on low-cost, high-quality raw materials and must manage steel-price volatility and supplier quality.

Maantiede

Greenland’s operating footprint is centered in China through PRC subsidiaries, with a holding-company structure spanning the U.S., Hong Kong, and China. Management explicitly states that customers are located primarily in China, and the company’s products are sold into the PRC forklift manufacturing base. As a U.S.-listed company with Chinese operations, it also faces foreign exchange and cross-border structure risks tied to RMB/U.S. dollar translation and China operating exposure.

Riskit

Greenland’s business is exposed to customer concentration, working-capital pressure, and supply-chain volatility because it sells industrial components on relatively short lead times to a limited set of OEMs. It also faces China-related operating and currency risk, since customers and receivables are primarily in the PRC and results are translated from RMB into U.S. dollars.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer concentration1Liquidity and working-capital pressure2Supply-chain and raw-material risk3China operating and credit risk4Foreign exchange risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The five largest customers contributed about 40% of revenue, so losing a major OEM would materially reduce sales.

    Kohdistuu: Hangcha Group and Longgong Forklift Truck are named large customers.

  2. Liquidity and working-capital pressureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The business is cash intensive and grants relatively long payment terms, which can delay cash conversion.

  3. Supply-chain and raw-material riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Production depends on timely, low-cost inputs; supplier disruptions or steel inflation can hurt profitability.

  4. China operating and credit riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Customers and receivables are primarily in China, exposing the company to local economic and credit conditions.

  5. Foreign exchange riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Results are affected by RMB translation into U.S. dollars, which can change reported profit even if local earnings are stable.

Kysy Clarifolta: Greenland Technologies Holding Corp.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for product sales

Sales are tied to physical delivery of transmission products, so cut-off and shipment timing affect quarterly revenue.

Vaikutus: Can shift revenue between periods.

Expected credit losses on receivables

Receivables are unsecured and concentrated in China, so collectability estimates matter.

Vaikutus: Affects bad-debt expense and net income.

Government subsidies

Subsidies from Chinese authorities are recognized when conditions are met, which can create non-operating income.

Vaikutus: Can boost other income and reduce apparent operating volatility.

Foreign currency translation

RMB-denominated operations are reported in U.S. dollars, so exchange rates affect reported revenue and profit.

Vaikutus: Can create translation gains or losses.

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Armlogi Holding Corp.

BTOC · Public Warehousing & Storage

Hongli Group Inc.

HLP · General Industrial Machinery & Equipment, NEC

Greenland Mines Ltd

GRMLW · Biological Products, (No Diagnostic Substances)

Full Truck Alliance Co. Ltd.

YMM · Services-Prepackaged Software

Freight Technologies, Inc.

FRGT · Arrangement of Transportation of Freight & Cargo

The Greenbrier Companies, Inc

GBX · Railroad Equipment

Päivitetty: 24.9.2026

Greenland Technologies Holding Corp. (GTEC) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo