Greenland Technologies Holding
Income Statement

Last updated:

Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Greenland Technologies Holding's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 1% to $90,333,240. Profit margin reached -18%. Total operating expenses were $13,796,776.

Profit Margin

Greenland Technologies Holding Corporation (NASDAQ:GTEC): Profit margin
2017 49.07M -3.26M -6.65%
2018 60.21M 5.95M 9.89%
2019 52.40M 4.46M 8.52%
2020 66.86M 6.75M 10.11%
2021 98.83M 6.26M 6.34%
2022 90.83M 6.61M 7.28%
2023 90.33M -15.87M -17.58%

GTEC Income Statement (2017 – 2023)

2023 2022 2021 2020 2019 2018 2017
Revenue
Revenue
90.33M90.83M98.83M66.86M52.40M60.21M49.07M
Cost of revenue
65.75M70.99M79.24M54.05M40.02M46.13M37.21M
Gross profit
24.57M19.83M19.59M12.81M12.37M14.07M11.86M
Operating exp.
Research and development
5.42M5.78M5.52M2.38M2.35M2.51M1.83M
Selling and marketing
2.31M2.63M1.86M1.58M1.18M1.21M1.42M
Total operating expenses
13.79M13.87M11.34M6.10M5.77M5.37M11.78M
Operating income
10.77M5.95M8.25M6.70M6.60M8.69M-853.31K
Other income (expenses), net
-34.08M1.35M861.41K1.93M-669.54K569.20K-224.72K
Income before tax
-23.30M7.31M9.11M8.64M5.93M8.01M-1.07M
Income tax expense
1.70M699.69K1.84M2.27M847.36K1.39M2.19M
Net income
-15.87M6.61M6.26M6.75M4.46M5.95M-3.26M
Earnings per share
Basic EPS
-1.20.560.580.670.560.79-3.26
Diluted EPS
-1.20.560.580.670.560.79-3.26
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