$GTEC
Greenland Technologies Holding Corp.

2022 Q1 Form 10-Q Financial Statement

#000121390022027107 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1
Revenue $29.31M
YoY Change 19.09%
Cost Of Revenue $22.94M
YoY Change 17.58%
Gross Profit $6.368M
YoY Change 24.86%
Gross Profit Margin 21.73%
Selling, General & Admin $1.669M
YoY Change 58.99%
% of Gross Profit 26.22%
Research & Development $1.083M
YoY Change 12.77%
% of Gross Profit 17.0%
Depreciation & Amortization $631.2K
YoY Change 1.8%
% of Gross Profit 9.91%
Operating Expenses $3.002M
YoY Change 33.42%
Operating Profit $3.366M
YoY Change 18.1%
Interest Expense -$92.45K
YoY Change -48.64%
% of Operating Profit -2.75%
Other Income/Expense, Net $261.0K
YoY Change -9.99%
Pretax Income $3.534M
YoY Change 19.0%
Income Tax $619.4K
% Of Pretax Income 17.53%
Net Earnings $2.915M
YoY Change 19.3%
Net Earnings / Revenue 9.95%
Basic Earnings Per Share $0.16
Diluted Earnings Per Share $157.7K
COMMON SHARES
Basic Shares Outstanding 11.33M shares
Diluted Shares Outstanding 11.33M shares

Balance Sheet

Concept 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.92M
YoY Change 34.82%
Cash & Equivalents $6.854M
Short-Term Investments $4.067M
Other Short-Term Assets $7.044M
YoY Change 113.46%
Inventory $24.96M
Prepaid Expenses
Receivables $24.72M
Other Receivables $73.32M
Total Short-Term Assets $141.0M
YoY Change 16.21%
LONG-TERM ASSETS
Property, Plant & Equipment $18.63M
YoY Change -4.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.752M
YoY Change 13.13%
Total Long-Term Assets $23.38M
YoY Change -1.76%
TOTAL ASSETS
Total Short-Term Assets $141.0M
Total Long-Term Assets $23.38M
Total Assets $164.3M
YoY Change 13.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.26M
YoY Change 13.19%
Accrued Expenses $177.0K
YoY Change 76.96%
Deferred Revenue
YoY Change
Short-Term Debt $46.90M
YoY Change -3.3%
Long-Term Debt Due $199.0K
YoY Change -75.13%
Total Short-Term Liabilities $83.93M
YoY Change -4.73%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $2.199M
YoY Change -4.39%
Total Long-Term Liabilities $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $83.93M
Total Long-Term Liabilities $0.00
Total Liabilities $99.94M
YoY Change 3.68%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $64.40M
YoY Change
Total Liabilities & Shareholders Equity $164.3M
YoY Change 13.26%

Cashflow Statement

Concept 2022 Q1
OPERATING ACTIVITIES
Net Income $2.915M
YoY Change 19.3%
Depreciation, Depletion And Amortization $631.2K
YoY Change 1.8%
Cash From Operating Activities $1.261M
YoY Change -131.53%
INVESTING ACTIVITIES
Capital Expenditures $100.0K
YoY Change -33.33%
Acquisitions
YoY Change
Other Investing Activities $1.010K
YoY Change -101.44%
Cash From Investing Activities $1.010K
YoY Change -101.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.957M
YoY Change -222.31%
NET CHANGE
Cash From Operating Activities 1.261M
Cash From Investing Activities 1.010K
Cash From Financing Activities -5.957M
Net Change In Cash -4.694M
YoY Change -686.81%
FREE CASH FLOW
Cash From Operating Activities $1.261M
Capital Expenditures $100.0K
Free Cash Flow $1.161M
YoY Change -127.98%

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