GTEC: the balance sheet

MyFinsight

For the year ending 2025-12-31, GTEC has $115,772,341 in assets. $49,452,420 in debts. $7,775,330 in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash and cash equivalents	7,775,330
Restricted cash	71,540
Short term investment	24,454,701
Notes receivable	14,704,079
Accounts receivable, net	17,256,479
Inventories, net	24,377,036
Due from related parties-current, net	1,106,417
Advance to suppliers	80,757
Fixed deposit-current	2,966,386
Prepayments and other current assets	2,472,387
Total current assets	95,265,112
Total property plant and equipment, at cost	35,723,647
Less accumulated depreciation	23,834,500
Property, plant and equipment, net	11,889,147
Property, plant, equipment and construction in progress, net	11,889,147
Land use rights, net	3,325,188
Intangible assets	68,691
Deferred tax assets	446,613
Fixed deposit-non current	4,421,828
Other non-current assets	355,762
Total non-current assets	20,507,229
Total assets	115,772,341

Notes payable-bank acceptance notes	12,759,720
Accounts payable	25,604,917
Taxes payables	1,622,509
Contract liabilities	93,698
Due to related parties	5,275,011
Other current liabilities	2,941,871
Total current liabilities	48,297,726
Deferred revenue	1,083,784
Warrant liability	70,910
Total non-current liabilities	1,154,694
Total liabilities	49,452,420
Additional paid-in capital	33,017,917
Statutory reserves	3,842,331
Retained earnings	37,533,648
Accumulated other comprehensive loss	-1,452,410
Total shareholders equity attributed to greenland technologies holding corporation and subsidiaries	72,941,486
Non-controlling interest	-6,621,565
Total shareholders equity	66,319,921
Total liabilities and shareholders equity	115,772,341

Unit: Dollar.