Greenland Technologies Holding (GTEC) AI Stock Analysis

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Greenland Technologies Holding

(NASDAQ:GTEC)

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Rating:63Neutral

Price Target:$0.53▲(6.48% Upside)

Action:reiterated

Date:11/13/26

Greenland Technologies earns a moderate score. The core strength is a credible operational turnaround — renewed revenue growth, multi-year high margins, rising equity and reduced leverage — paired with an exceptionally low P/E near 1.0x that leaves significant value on the table if profits prove durable. These positives are tempered by materially weaker cash conversion, a recent doubling of debt, and an inconsistent earnings history. Technicals are the main drag: the stock trades well below all key moving averages with negative MACD momentum, and the sub-$1 share price has already triggered Nasdaq bid-price compliance issues. The absence of a dividend removes any income cushion.

Positive Factors

Improved profitability and growthThe sharp improvement in revenue and operating profitability indicates stronger current demand and better earnings capacity than in recent periods. If these gains persist, they can support internal investment, improve resilience, and strengthen GTEC’s position with material-handling equipment customers.

Negative Factors

Weak cash conversionCash generation is not keeping pace with reported earnings, reducing the quality and flexibility of current profitability. The sharp FCF decline and low conversion ratio may constrain self-funded investment, debt reduction, and shareholder returns if the gap persists.

Greenland Technologies Holding (GTEC) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $13.13M
Dividend Yield: ―
Average Volume (3M): 284.54K
Price to Earnings (P/E): 1.0
Beta (1Y): 1.13
Revenue Growth: 25.87%
EPS Growth: -0.36%
Country: US
Employees: 340
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Industrial - Machinery

Greenland Technologies Holding Business Overview & Revenue Model

Company Description

Greenland Technologies Holding Corporation focuses on crafting and distributing powertrain solutions for a diverse range of equipment, including machinery for material handling, electric vehicles, and heavy-duty electric industrial vehicles. The comp...

How the Company Makes Money

GTEC makes money primarily by selling drivetrain components—most notably transmissions and transaxles—used by original equipment manufacturers (OEMs) and other customers in the material handling equipment market (e.g., forklift and industrial vehicle...

Greenland Technologies Holding Financial Statement Overview

Summary

Fundamentals are improving across the board. Revenue has returned to growth (TTM $104.2M, +15%), gross margin has expanded from ~20% in 2021 to 33% TTM, operating margin reached ~20%, and net income of $12.6M more than doubled fiscal 2025. The balance sheet is stronger, with equity compounding to $95.1M and debt-to-equity at a modest 0.34x. Offsetting this, earnings have been inconsistent (a $15.9M loss in 2023, lumpy non-operating gains), borrowings jumped from $12.8M to $32.1M, and cash conversion weakened sharply — operating cash flow of $7.8M covers only ~62% of net income versus more than 3x previously.

Income Statement

72Positive

Balance Sheet

74Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	104.17M	90.69M	83.94M	90.33M	90.83M	98.84M
Gross Profit	34.55M	28.45M	22.53M	24.58M	19.83M	19.59M
EBITDA	23.21M	14.63M	19.00M	-20.87M	7.34M	12.21M
Net Income	12.59M	4.93M	14.07M	-15.88M	745.55K	6.27M
Balance Sheet
Total Assets	0	115.77M	115.58M	130.48M	155.12M	162.57M
Cash, Cash Equivalents and Short-Term Investments	0	35.27M	25.19M	25.80M	24.10M	13.17M
Total Debt	32.06M	12.76M	21.35M	41.93M	41.60M	54.75M
Total Liabilities	74.03M	49.45M	62.31M	79.82M	75.68M	87.72M
Stockholders Equity	95.13M	72.94M	60.21M	50.08M	65.71M	62.28M
Cash Flow
Free Cash Flow	7.81M	15.61M	13.34M	2.45M	7.31M	-5.76M
Operating Cash Flow	7.81M	15.61M	13.34M	2.45M	7.31M	-5.76M
Investing Cash Flow	-12.31M	-919.59K	-1.87M	1.07M	33.69K	-638.98K
Financing Cash Flow	18.10M	-15.61M	-30.90M	2.87M	-4.28M	14.46M

Greenland Technologies Holding Technical Analysis

Technical Analysis SentimentNegative

Last Price0.49

Price Trends

50DMA0.79Negative

100DMA0.72Negative

200DMA0.71Negative

Market Momentum

MACD-0.07Negative

RSI32.82Neutral

STOCH31.20Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTEC, the sentiment is Negative. The current price of 0.49 is below the 20-day moving average (MA) of 0.58, below the 50-day MA of 0.79, and below the 200-day MA of 0.71, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 32.82 is Neutral, neither overbought nor oversold. The STOCH value of 31.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GTEC.

Greenland Technologies Holding Risk Analysis

Greenland Technologies Holding disclosed 46 risk factors in its most recent earnings report. Greenland Technologies Holding reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

3 New Risks

1.Our ordinary shares may be delisted and prohibited from being traded under the Holding Foreign Companies Accountable Act if the PCAOB is unable to inspect our auditors. The delisting and the cessation of trading of our ordinary shares, or the treat of their being delisted and prohibited from being traded, may materially and adversely affect the value of your investment. Additionally, any inability of the PCAOB to conduct inspections deprives our investors with the benefits of such inspections.Q3, 2024

2.To the extent cash in the business is in the PRC/Hong Kong or a PRC/Hong Kong entity, the funds may not be available to fund operations or for other use outside of the PRC/Hong Kong due to interventions in or the imposition of restrictions and limitations on the ability of our Company or our subsidiaries by the PRC government to transfer cash.Q3, 2024

3.The outcome of litigation, inquiries, investigations, examinations, or other legal proceedings in which we are involved, in which we may become involved, or in which our clients or competitors are involved could distract management, increase our expenses, or subject us to significant monetary damages or restrictions on our ability to do business.Q3, 2024

Greenland Technologies Holding Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

GTEC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JCSE	79Outperform	$8.97M	1.89	30.09%	20.16%	137.91%	―
GTEC	63Neutral	$13.33M	1.02	14.77%	―	25.87%	-0.36%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BWEN	51Neutral	$70.50M	-13.73	-6.70%	―	-23.09%	-179.80%
CVV	48Neutral	$28.71M	3.40	27.45%	―	-63.43%	-3076.01%
CETY	46Neutral	$11.82M	-0.82	-106.49%	―	89.35%	7.95%
BURU	35Underperform	$3.71M	-0.02	398.88%	―	9927.65%	87.35%

* Consumer Cyclical Sector Average

Performance Comparison

GTEC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
GTEC	Greenland Technologies Holding Corporation	0.49	-0.59	-54.26%
BWEN	Broadwind Energy	2.52	-0.04	-1.76%
CVV	CVD Equipment Corporation	3.98	0.45	12.75%
CETY	Clean Energy Technologies, Inc.	0.97	-0.13	-12.09%
BURU	Nuburu, Inc.	0.23	-49.43	-99.54%
JCSE	JE Cleantech Holdings Limited	1.60	0.69	76.02%

Greenland Technologies Holding Corporate Events

Delistings and Listing ChangesRegulatory Filings and Compliance

Greenland Technologies Regains Nasdaq Compliance, Avoids Delisting Risk

Positive

Sep 23, 2026

On March 12, 2026, Greenland Technologies Holding Corporation was notified by Nasdaq that its Class A ordinary shares had traded below the $1.00 minimum bid price for 30 consecutive business days, triggering a deficiency notice under Nasdaq Listing R...

Delistings and Listing ChangesRegulatory Filings and Compliance

Greenland Technologies Granted Nasdaq Bid Price Extension

Negative

Sep 11, 2026

On March 12, 2026, Greenland Technologies received notice from Nasdaq that its Class A ordinary shares had traded below the $1.00 minimum bid price for 30 consecutive business days, triggering a noncompliance status under Nasdaq Listing Rule 5550(a)(...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 13, 2026

Greenland Technologies Holding AI Stock Analysis