Financial insights of GTEC

MyFinsight

For the quarter ending 2025-09-30, GTEC made $23,401,597 in revenue. $5,732,522 in net income. Net profit margin of 24.50%.

Unit: Dollar

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Revenues	23,401,597	21,719,786	21,677,564	21,046,654
Cost of goods sold	15,828,001	15,969,005	15,016,614	15,650,041
Gross profit	7,573,596	5,750,781	6,660,950	5,396,613
Selling expenses	432,575	1,003,766	331,809	643,034.5
General and administrative expenses	1,514,734	6,626,542	1,438,988	1,226,017
Research and development expenses	560,668	443,720	81,457	687,679
Total operating expenses	2,507,977	8,074,028	1,852,254	2,556,730.5
Income from operations	5,065,619	-2,323,247	4,808,696	2,839,882.5
Interest income	429,159	170,917	141,040	205,662.5
Interest expense	-	0	-	19,379
Property, plant and equipment written off	-	0	-	1,769
Change in fair value of the warrant liability	-1,525,352	-81,739	-209,294	-1,469,131.333
Government subsidies income	-	-	-	-220,293.75
Other income	485,857	159,739	282,081	-33,902.5
Income before income tax	7,505,987	-1,910,852	5,441,111	4,704,692.5
Income tax expense	920,297	848,920	878,275	243,853.5
Net income	6,585,690	-2,759,772	4,562,836	4,460,839
Less net income attributable to noncontrolling interest	853,168	465,496	559,053	-589,387.5
Net income (loss) attributable to greenland technologies holding corporation and subsidiaries	5,732,522	-3,225,268	4,003,783	5,050,226.5

Basic (in dollars per share)	0.33	-0.2	0.29	0.37
Diluted (in dollars per share)	0.33	-0.2	0.29	0.37
Weighted average ordinary shares outstanding (in shares)	17,394,226	16,099,824	13,594,530	-6,797,265
Weighted average shares used in diluted computation	17,394,226	16,099,824	13,594,530	-6,797,265