For the quarter ending 2025-09-30, GTEC has $123,425,269 in assets. $53,573,282 in debts. $3,942,129 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 3,942,129 | 4,575,645 | ||
| Short term investment | 29,098,513 | 18,522,562 | ||
| Notes receivable | 16,464,334 | 20,063,499 | ||
| Accounts receivable, net | 21,551,378 | 22,135,119 | ||
| Inventories, net | 23,860,032 | 24,391,574 | ||
| Due from related parties-current, net-Related Party | 1,082,594 | 1,240,189 | ||
| Restricted cash | - | 496,422 | ||
| Advance to suppliers | 1,523,765 | 1,526,736 | ||
| Prepayments and other current assets | 1,468,681 | 1,661,988 | ||
| Total current assets | 98,991,426 | 94,613,734 | ||
| Total property plant and equipment, at cost | 35,026,946 | - | ||
| Less accumulated depreciation | 22,743,369 | - | ||
| Property, plant and equipment, net | 12,283,577 | - | ||
| Property, plant, equipment and construction in progress, net | 12,283,577 | 12,580,709 | ||
| Land use rights, net | 3,287,991 | 3,288,994 | ||
| Intangible assets | 33,803 | 46,103 | ||
| Deferred tax assets | 437,287 | 434,564 | ||
| Right-of-use assets | 1,241,342 | 1,413,307 | ||
| Fixed deposit | 6,906,766 | 11,070,485 | ||
| Other non-current assets | 243,077 | 121,742 | ||
| Total non-current assets | 24,433,843 | 28,955,904 | ||
| Total assets | 123,425,269 | 123,569,638 | ||
| Notes payable-bank acceptance notes | 14,295,547 | 18,044,000 | ||
| Accounts payable | 27,657,142 | 29,631,773 | ||
| Taxes payables | 2,061,033 | 1,617,568 | ||
| Customer deposits | 297,185 | 366,106 | ||
| Due to related parties-Related Party | 3,832,249 | 3,860,152 | ||
| Other current liabilities | 2,484,741 | 2,171,137 | ||
| Lease liabilities | 549,338 | 538,232 | ||
| Total current liabilities | 51,177,235 | 56,228,968 | ||
| Lease liabilities | 751,953 | 894,755 | ||
| Deferred revenue | 1,122,256 | 1,172,549 | ||
| Warrant liability | 521,838 | 2,047,190 | ||
| Total non-current liabilities | 2,396,047 | 4,114,494 | ||
| Ordinary shares, no par value, unlimited shares authorized 17,394,226 and 13,594,530 shares issued and outstanding as of june 30, 2025 and december 31, 2024 | - | 0 | ||
| Total liabilities | 53,573,282 | 60,343,462 | ||
| Additional paid-in capital | 34,423,805 | 34,423,805 | ||
| Statutory reserves | 3,842,331 | 3,842,331 | ||
| Retained earnings | 39,113,142 | 33,380,620 | ||
| Accumulated other comprehensive loss | -1,958,966 | -2,441,342 | ||
| Total shareholders equity attributed to greenland technologies holding corporation and subsidiaries | 75,420,312 | 69,205,414 | ||
| Non-controlling interest | -5,568,325 | -5,979,238 | ||
| Total shareholders equity | 69,851,987 | 63,226,176 | ||
| Total liabilities and shareholders equity | 123,425,269 | 123,569,638 | ||
Greenland Technologies Holding Corp. (GTEC)
Greenland Technologies Holding Corp. (GTEC)