Greenland Technologies Hldg Stock Price, News & Analysis

Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced that CEO Raymond Wang will present at the Aegis Virtual Conference on May 2, 2023, at 10:00 am ET. The presentation will cover the Company's recent financial results, operational developments, and growth strategy. Investors can access the virtual conference using this link. Greenland focuses on developing and manufacturing electric industrial vehicles and drivetrain systems for material handling. For more information, visit the Company's website and check out their clean industrial heavy equipment division at HEVI Corp.

Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced that Raymond Wang, President and CEO, will participate in the Water Tower Research Fireside Chat Series on April 20, 2023, at 1:00 pm ET. This event is open to the public, and interested parties can view the webcast live on the Water Tower Research website or through a provided Zoom link. Greenland specializes in developing and manufacturing electric industrial vehicles and drivetrain systems for material handling. For more details on their clean industrial heavy equipment division, visit HEVI Corp.

Greenland Technologies Holding Corporation (NASDAQ: GTEC), a developer of electric industrial vehicles and drivetrain systems, announced on April 12, 2023, that Water Tower Research LLC has initiated coverage on the company. The report highlights Greenland as a Tier 1 supplier of transmissions and all-electric construction equipment. Water Tower anticipates a rebound in revenue and profitability for Greenland in 2023, driven by significant opportunities in the electric vehicle (EV) market and the company's expanding operations. CEO Raymond Wang expressed enthusiasm for the coverage, stating it would enhance investor understanding of Greenland's business model and strategic vision.

Greenland Technologies Holding Corporation (GTEC) reported its unaudited financial results for Q4 and FY 2022, revealing a revenue of $90.8 million, an 8% decrease from $98.8 million in 2021, largely due to pandemic impacts in China. Gross margins improved, reaching 21.8% for the year, up 200 basis points year-over-year. The cash balance rose 47% to $16.3 million as of December 31, 2022. Despite challenges, CEO Raymond Wang anticipates revenue growth in 2023, driven by demand recovery and advancements in their HEVI division for electric vehicles. The company plans to ramp up production at its new assembly site in Baltimore by Q2 2023.

Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced a conference call scheduled for March 30, 2023, at 8:00 a.m. ET to discuss the fourth quarter and full year 2022 results. Investors and analysts must register in advance to participate. A live and archived webcast will be available on the company's investor relations website. Greenland focuses on developing and manufacturing drivetrain systems for various machinery, including electric vehicles. The press release includes a safe harbor statement emphasizing the potential risks and uncertainties surrounding future performance.

Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced that it has regained compliance with Nasdaq Listing Rule 5620(a) following its Annual General Meeting held on January 31, 2023. The company received a letter on January 4, 2023, from Nasdaq indicating non-compliance regarding the annual meeting requirement. As of February 1, 2023, this matter is now resolved. Greenland is known for developing drivetrain systems for material handling and electric vehicles, with additional information available through its clean industrial heavy equipment division, HEVI Corp.

Greenland Technologies Holding Corporation (NASDAQ: GTEC) has announced its 2022 Annual General Meeting scheduled for January 31, 2023, following a notification from Nasdaq regarding non-compliance with listing rules due to a missed shareholders meeting within the required timeframe. The virtual meeting will allow shareholders to vote electronically before the deadline of January 29, 2023. The company has until June 29, 2023 to submit a compliance plan to Nasdaq.