Earnings ·
Greenland Technologies Holding Corp. reported unaudited financial results for the second quarter and first half of…
GTECGreenland Technologies Holding Corp.
Greenland Technologies Holding Corp. reported unaudited financial results for the second quarter and first half of 2026 ended June 30, 2026. Q2 revenue increased 37.6% year-over-year to $29.9 million, driven by a 24.1% rise in transmission product sales volume to 53,243 sets. Gross profit grew 65.9% to $9.5 million with gross margin expanding to 31.9%. The company returned to profitability with Q2 net income of $4.9 million, compared to a net loss of $2.8 million in the prior-year period. For the first half, revenue rose 27.7% to $55.4 million and net income reached $10.7 million. Basic and diluted earnings per share were $0.13 for Q2 and $0.35 for the first half. Greenland Technologies Holding Corp. designs, develops, manufactures, and sells drivetrain systems and components for material handling machinery and electric vehicles.