For the year ending 2025-12-31, GTEC had -$920,196 decrease in cash & cash equivalents over the period. $15,083,239 in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 8,598,263 |
| Depreciation and amortization | 2,407,709 |
| Amortization of deferred subsidy | 228,357 |
| Loss (gain) on disposal of property, plant, equipment | -3,999 |
| Increase (decrease) in allowance for credit losses | -15,596 |
| Increase (decrease) in provision for inventories | -1,042,942 |
| Change in fair value of warrant liability | -2,267,313 |
| Uncollectible accounts written off | 1,705,312 |
| Stock based compensation expense | 5,547,556 |
| Deferred tax assets | -1,415 |
| Non-cash lease expenses | 254,594 |
| Accrued interest income derived from loan to related parties | 9,520 |
| Accrued expense | -490,117 |
| Accounts receivable | 1,692,338 |
| Notes receivable | -8,783,986 |
| Inventories | 1,058,340 |
| Advance to suppliers | -1,732,340 |
| Other current and noncurrent assets | 9,336,598 |
| Accounts payable | 1,449,981 |
| Contract liabilities | -239,980 |
| Other current liabilities | -669,329 |
| Income tax payables | 374,904 |
| Lease liabilities | -314,918 |
| Net cash provided by operating activities | 15,608,957 |
| Purchases of property, plant, equipment | 525,718 |
| Loan payment to third parties | 695,652 |
| Repayment of loans lend to third parties | 278,261 |
| Proceeds from sale of property, plant and equipment | 23,516 |
| Net cash used in investing activites | -919,593 |
| Notes payable | 7,252,870 |
| Dividend paid | 2,221,760 |
| Proceeds from related parties | 271,000 |
| Repayment of loans from related parties | 6,405,930 |
| Net cash used in financing activites | -15,609,560 |
| Net decrease in cash and cash equivalents and restricted cash | -920,196 |
| Effect of exchange rate changes on cash | 155,271 |
| Cash and cash equivalents and restricted cash at beginning of year | 8,611,795 |
| Cash and cash equivalents and restricted cash at end of period | 7,846,870 |
Greenland Technologies Holding Corp. (GTEC)
Greenland Technologies Holding Corp. (GTEC)