Greenland Technologies Holding Corp
ir.gtec-tech.comWhat Do They Do?
Makes transmission systems and integrated powertrains for forklift makers, along with electric industrial vehicles and charging equipment for industrial customers.
10-K for FY2025, filed Mar 23, 2026Greenland Technologies Holding Corporation (the “Company” or “Greenland”) designs, develops, manufactures and sells components and products…View ↗
Through its subsidiaries in the PRC, Greenland offers transmission products, which are key components for forklift trucks used in…View ↗
Greenland manufactures transmission systems and integrated powertrains for various industries, particularly for material handling…View ↗
Transmission Systems. For 15 years, Greenland, along with its subsidiaries, specializes in designing, developing, and manufacturing a wide…View ↗
Integrated Powertrain. Through its PRC subsidiaries, Greenland designs and develops new and distinctive powertrains, which integrate…View ↗
HEVI has developed a line of DC mobile charging solutions that are designed for easy, flexible and cost-effective charging integration to…View ↗
How Do They Make Money?
Forklift manufacturers buy transmission products directly from Greenland. They typically pay within two months after accepting the goods.
10-K for FY2025, filed Mar 23, 2026
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10-K for FY2025, filed Mar 23, 2026
FY2025 revenue by product or service ↗
$90.7M
-
10-K for FY2025, filed Mar 23, 2026
$90.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Transmission boxes for Forklift
Sold outright
10-K for FY2025, filed Mar 23, 2026 |
97%
FY2022: 88%
|
Transmission boxes for Forklift, FY2025
$87.8M Sources
|
Sold outright |
|
Transmission boxes for Non-Forklift (EV, etc.)
Sold outright
|
3.2%
FY2022: 12%
|
Transmission boxes for Non-Forklift (EV, etc.), FY2025
$2.9M Sources
|
Sold outright |
Who Are Their Customers?
Forklift and material-handling equipment makers buy transmission products directly; Greenland also sells electric industrial equipment to end customers in the U.S.
10-K for FY2025, filed Mar 23, 2026
10-K for FY2025, filed Mar 23, 2026
For the year ended December 31, 2025, two customers accounted for 15.07% and 10.05% of total revenue, respectively. For the year ended…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2025 and turned 17 cents into free cash flow.
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
$3.5MView ↗
- ▲ Now profitable
- vs −$3.2M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 14, 2026
Open tableView ↗
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Sep 10, 2026
Nasdaq grants extra time to meet its minimum share-price rule
The company has until March 8, 2027 to regain compliance; its shares remain listed during this period.
Sources
8-K, filed Sep 11, 2026
On September 10, 2026, the Company received a letter from the Staff (the “Letter”) notifying the Company that the Company is eligible for…View ↗
HEVI equipment sales suspended
The older report described HEVI as selling electric industrial vehicles directly to end customers in the U.S. The latest report says substantially all HEVI operations have been suspended and its products are not currently offered.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 23, 2026Utilizing Greenland’s expertise in manufacturing and R&D, HEVI exists to create clean and sustainable products and services in the heavy…View ↗
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