Greenland Technologies Holding Corp. received a letter from Nasdaq on September 10, 2026, granting an additional 180-day compliance period to regain adherence to the minimum bid price requirement of $1.00 per share. The company previously failed to meet this standard for 30 consecutive business days and had until September 8, 2026, to cure the deficiency. Nasdaq has extended the deadline to March 8, 2027, contingent on the company maintaining compliance with market value and other listing standards while intending to address the bid price issue, potentially through a reverse stock split. Failure to restore the minimum closing bid price for ten consecutive business days by the new deadline will result in delisting proceedings. The company operates in the technology sector.

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.