Greenland Technologies Holding Corp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 8.21
Dividend & YieldN/A$ (N/A)
Beta 2.04
Market capitalization 27.05M
Operating cash flow -6.01M
ESG Scores unknown

Company description

Greenland Technologies Holding Corporation develops, manufactures, and sells transmission products for material handling machineries in the People's Republic of China. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. It is also involved developing powertrains, as well as electrical industrial vehicles. The company was founded in 2006 and is headquartered in East Windsor, New Jersey.

Sector: Industrials - Industry: Specialty Industrial Machinery

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 709.45k -16.12k 5.94M 6.46M
Total Cashflows From Investing Activities -5.98M -1.6M -822.77k -638.98k
Net Borrowings -157.94k -11.61M 8.21M 800.58k
Total Cash From Financing Activities -157.94k -9.64M 2.31M 14.46M
Change To Operating Activities 1.43M 374.34k -8M -9.03M
Issuance Of Stock 2.93M 2.93M 246.8k 8.28M
Net Income 5.96M 4.46M 6.76M 6.27M
Change In Cash -2.92M -3.25M 3.69M 8.4M
Effect Of Exchange Rate 160.77k -5.55k -494.12k 329.78k
Total Cash From Operating Activities 3.06M 8M 2.7M -5.76M
Depreciation 1.58M 2.3M 2.44M 2.51M
Change To Account Receivables -2.74M -2.13M 486.79k -3.03M
Other Cashflows From Financing Activities -805k -805k -2.3M 5.39M
Change To Netincome 1.02M 940.09k -205.85k 895.62k
Capital Expenditures -6.69M -2.19M -1.08M -894.38k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 2.51M 2.36M 2.38M 5.53M
Income Before Tax 8.02M 5.93M 8.64M 9.11M
Net Income 5.96M 4.46M 6.76M 6.27M
Selling General Administrative 2.86M 3.42M 3.72M 5.82M
Gross Profit 14.07M 12.38M 12.81M 19.59M
Ebit 8.7M 6.6M 6.71M 8.25M
Operating Income 8.7M 6.6M 6.71M 8.25M
Interest Expense -1.55M -1.29M -930.63k -587.26k
Income Tax Expense 1.39M 847.37k 2.27M 1.84M
Total Revenue 60.21M 52.4M 66.86M 98.84M
Cost Of Revenue 46.14M 40.02M 54.05M 79.25M
Total Other Income ExpenseNet -680.75k -669.54k 1.94M 861.41k
Net Income From Continuing Ops 6.62M 5.09M 6.37M 7.27M
Net Income Applicable To Common Shares 5.96M 4.46M 6.76M 6.27M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 71.78M 59.52M 81.32M 87.72M
Total Stockholder Equity 31.74M 38.6M 44.89M 62.28M
Other Current Liabilities 5.96M 146.7k 2.15M 498.88k
Total Assets 111.41M 106.48M 131.98M 162.57M
Common Stock
Other Current Assets 3.76M 3.97M 2.91M 6.75M
Retained Earnings 19.27M 23.73M 31.25M 37.51M
Treasury Stock 173.88k -360.98k -62.92k 1.01M
Cash 5.56M 2.12M 7.16M 11.06M
Total Current Liabilities 63.22M 55.99M 78.81M 85.46M
Other Stockholder Equity 173.88k -360.98k -62.92k 1.01M
Property, Plant, and Equipment 22.06M 20.63M 20.14M 19.04M
Total Current Assets 48.25M 80.24M 107.64M 139.31M
Net Tangible Assets 27.85M 34.72M 40.85M 58.25M
Net Receivables 26.52M 64.17M 81.75M 93.15M
Accounts Payable 33.38M 31.74M 48.43M 71.57M


Insider Transactions

Here are the insider transactions of stock shares related to Greenland Technologies Holding Corp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
WANG PETER ZUGUANGSale at price 8.90 per share.I2021-06-22Director and Beneficial Owner of more than 10% of a Class of Security500k
JIN JINGSale at price 8.90 per share.D2021-06-22Chief Financial Officer135k
WANG PETER ZUGUANGStock Award(Grant) at price 0.00 per share.D2021-04-19Director2.5k
ZHAO MINGStock Award(Grant) at price 0.00 per share.D2021-04-19Director2.5k
WANG EVERETT XIAOLINStock Award(Grant) at price 0.00 per share.D2021-04-19Director2.5k
NELSON CHARLES ATHLEStock Award(Grant) at price 0.00 per share.D2021-04-19Director2.5k
SHEN BOStock Award(Grant) at price 0.00 per share.D2021-04-19Director2.5k
WANG PETER ZUGUANGSale at price 9.88 per share.I2021-04-13Director50k
WANG PETER ZUGUANGSale at price 9.65 per share.I2021-04-13Director and Beneficial Owner of more than 10% of a Class of Security25k
WANG RAYMOND ZStock Award(Grant) at price 0.00 per share.D2021-02-08Chief Executive Officer51k
WANG RAYMOND ZStock Award(Grant) at price 0.00 per share.D2020-12-30Chief Executive Officer69k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Greenland Technologies Holding Corp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Greenland Technologies Holding Corp

Here is the result of two systematic investment strategies applied to Greenland Technologies Holding Corp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Greenland Technologies Holding Corp

The following chart shows the equity curve of the two systematic investment strategies applied to Greenland Technologies Holding Corp:

Greenland Technologies Holding Corp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 22.78% on the backtest period.

Performance at glance

Performance

22.78 %

Latent gain

342.47 $

Invested capital

1503.43 $

Annualized return

6.66 %
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Momentum strategy results on Greenland Technologies Holding Corp

This is the result of two momentum investment strategies applied to Greenland Technologies Holding Corp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Greenland Technologies Holding Corp

The following chart shows all the entries opened by the momentum investment system on Greenland Technologies Holding Corp:

Greenland Technologies Holding Corp momentum entries
  • The first momentum investment strategy would give 14.61% of return on Greenland Technologies Holding Corp. That represents 587.98$ of latent gain with 4023.84$ of employed capital.
  • The second momentum investment strategy would give 57.49% of return on Greenland Technologies Holding Corp. That represents 1159.42$ of latent gain with 2016.7$ of employed capital.
Performance at glance (1Q Momentum)

Performance

14.61 %

Latent gain

587.98 $

Invested capital

4023.84 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

57.49 %

Latent gain

1159.42 $

Invested capital

2016.7 $

Annualized return

19.55 %

Momentum equity curve on Greenland Technologies Holding Corp

The following chart shows the equity curve of the two momentum strategies applied to Greenland Technologies Holding Corp:

Greenland Technologies Holding Corp momentum equity

Note: the dividends potentially given by Greenland Technologies Holding Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Greenland Technologies Holding Corp

The following chart shows the employed capital evolution of the two momentum strategies on Greenland Technologies Holding Corp since the beginning:

Greenland Technologies Holding Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Greenland Technologies Holding Corp

Buy the dip entry openings on Greenland Technologies Holding Corp

Greenland Technologies Holding Corp

The performance achieved by the robo-advisor on Greenland Technologies Holding Corp is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows Greenland Technologies Holding Corp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Greenland Technologies Holding Corp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to Greenland Technologies Holding Corp

The following chart shows the result of the investment strategy applied to Greenland Technologies Holding Corp:

Greenland Technologies Holding Corp

Note: the dividends potentially given by Greenland Technologies Holding Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Greenland Technologies Holding Corp

The following chart shows the employed capital evolution since the beginning of the investment strategy on Greenland Technologies Holding Corp:

Greenland Technologies Holding Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Greenland Technologies Holding Corp

In this section, I will compare the three previous investment strategies applied to Greenland Technologies Holding Corp.

Equity curve comparison on Greenland Technologies Holding Corp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Greenland Technologies Holding Corp investment strategy comparison

Employed capital comparison on Greenland Technologies Holding Corp

Greenland Technologies Holding Corp investment comparison

Performance comparison on Greenland Technologies Holding Corp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 22.78% 342.47$ 1503.43$ 6.66%
Momentum 1 quarter 14.61% 587.98$ 4023.84$ 4.59%
Momentum 2 quarters 57.49% 1159.42$ 2016.7$ 19.55%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

6.66 %

Momentum 1Q

19.55 %

Momentum 2Q

19.55 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Greenland Technologies Holding Corp:

Positive correlations

Most correlated stocks this year

  • Greenland Technologies Holding Corp

  • Most correlated stocks last 3 months

  • Aerie Pharmaceuticals Inc
  • Greenland Technologies Holding Corp
  • OCI INTL
  • CENTURY SAGE

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • ALI HEALTH

  • Note: The algorithm computes the probability of correlation between Greenland Technologies Holding Corp and the other stocks. There may be false positives or some missing correlated stocks. If the price of Greenland Technologies Holding Corp does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Greenland Technologies Holding Corp
    Country United States
    City East Windsor
    Address Building 400
    Phone 888 827 4832
    Website ir.gtec-tech.com
    FullTime employees 328
    Industry Specialty Industrial Machinery
    Sector Industrials
    Exchange XNAS
    Ticker GTEC
    Market www.nasdaq.com

    Greenland Technologies Holding Corp ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown