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Greenland Technologies (GTEC) investor relations material
Greenland Technologies Registration filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Designs, develops, manufactures, and sells transmission products for forklift trucks and electric industrial vehicles, serving over 100 forklift manufacturers in China and globally.
Operates through subsidiaries in the U.S., PRC, and Hong Kong, with the majority of operations in China.
HEVI Corp., the U.S. subsidiary, focuses on electric industrial vehicles but has suspended operations since 2025 due to tariff policy uncertainty.
Corporate structure includes a British Virgin Islands holding company with no material operations of its own.
Financial performance and metrics
Sold 166,317 sets of transmission products in 2025 and 149,597 in 2024.
As of March 25, 2026, public float is approximately $43.05 million, with one-third ($14.35 million) available for primary offerings under Form S-3 rules.
Use of proceeds and capital allocation
Net proceeds from securities sales will be used for general corporate purposes, including working capital, capital optimization, acquisitions, and other business purposes.
Proceeds may be temporarily invested in interest-bearing securities or money market instruments.
- Revenue up 8%, net income down 43% as operating costs rise; HEVI operations remain suspended.GTEC
Q4 202523 Mar 2026 - Net income surged 75.3% to $9.80M as cost controls offset lower revenue and new EVs launched.GTEC
Q3 20245 Feb 2026 - Net income rebounded to $15.15M in 2024 as cost cuts offset a 7.1% revenue drop.GTEC
Q4 20245 Feb 2026 - Net income rose 27.8% to $4.56M and EPS jumped 61% despite a 4.6% revenue decline.GTEC
Q1 20255 Feb 2026 - All six key proposals, including share structure changes and director elections, were approved.GTEC
AGM 20262 Feb 2026 - $5.16M IPO to fund working capital amid PRC regulatory and market risks; Joseph Stone Capital leads.GTEC
Registration Filing14 Jan 2026 - All director and auditor proposals passed with strong support and no shareholder questions.GTEC
AGM 202410 Jan 2026 - Annual meeting adjourned for lack of quorum; rescheduled virtually for January 30, 2026.GTEC
Proxy Filing30 Dec 2025 - Meeting adjourned for lack of quorum; rescheduled for January 30th, 2026, online.GTEC
AGM 202529 Dec 2025
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