Greenland Technologies Holding Corporation Reports Third Quarter 2020 Results
Greenland Technologies Holding Corporation - Ordinary Shares (GTEC)
Company Research
Source: PR Newswire
Highlights (3Q 2020 compared to 3Q 2019)38% Increase in Revenue 70% Expansion of Gross Profit 390 Basis Improvement in Gross Margin 122% Increase in Income from Operations HOWELL, N.J., Nov. 23, 2020 /PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland"), a technology developer and manufacturer of forklift transmission and drivetrain systems, today announced financial results for the third quarter ended September 30, 2020.Raymond Wang, CEO of Greenland Technologies Holding Corporation, commented, "We are pleased with the strong growth of our business and significant expansion of gross profit and income from operations. COVID-19 has continued to affect business and manufacturing activities worldwide, with government mandated shutdowns complicating production and logistics. While we implemented a temporary suspension of manufacturing activities for most of February, we were able to restart and rebound as we moved through the year. Given the uncertain ma
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GTEC
Earnings
- 11/20/23 - Miss
GTEC
Sec Filings
- 4/17/24 - Form 10-K/A
- 4/16/24 - Form 10-K
- 3/29/24 - Form NT
- GTEC's page on the SEC website