Financial insights of GTEC

MyFinsight

For the year ending 2025-12-31, GTEC made $90,694,007 in revenue. $4,931,543 in net income. Net profit margin of 5.44%.

Income Statement	2025-12-31	2024-12-31
Revenues	90,694,007	83,944,661
Cost of goods sold	62,248,455	61,411,693
Gross profit	28,445,552	22,532,968
Selling expenses	1,735,358	2,148,659
General and administrative expenses	15,267,842	4,853,768
Research and development expenses	3,920,274	2,936,399
Total operating expenses	20,923,474	9,938,826
Income from operations	7,522,078	12,594,142
Interest income	677,386	864,390
Interest expense	111,663	84,243
Loss (gain) on disposal of property, plant, equipment	-3,999	5,863
Change in fair value of the warrant liability	-2,267,313	-1,746,382
Government subsidies income	812,873	-881,175
Other income	946,097	659,204
Income before income tax	12,110,085	16,666,913
Income tax expense	3,511,822	1,512,758
Net income	8,598,263	15,154,155
Less net income attributable to noncontrolling interest	3,666,720	1,087,183
Net income attributable to greenland technologies holding corporation and subsidiaries	4,931,543	14,066,972

Basic EPS	0.31	1.03
Diluted EPS	0.31	1.03
Basic Average Shares	16,145,011	13,594,530
Diluted Average Shares	16,145,011	13,594,530