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Greenland Technologies Holding (Greenland Technologies Holding) Net Margin % : -82.70% (As of Dec. 2023)


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What is Greenland Technologies Holding Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Greenland Technologies Holding's Net Income for the three months ended in Dec. 2023 was $-18.84 Mil. Greenland Technologies Holding's Revenue for the three months ended in Dec. 2023 was $22.78 Mil. Therefore, Greenland Technologies Holding's net margin for the quarter that ended in Dec. 2023 was -82.70%.

The historical rank and industry rank for Greenland Technologies Holding's Net Margin % or its related term are showing as below:

GTEC' s Net Margin % Range Over the Past 10 Years
Min: -17.58   Med: 6.34   Max: 10.11
Current: -17.58


GTEC's Net Margin % is ranked worse than
89.57% of 2973 companies
in the Industrial Products industry
Industry Median: 5.21 vs GTEC: -17.58

Greenland Technologies Holding Net Margin % Historical Data

The historical data trend for Greenland Technologies Holding's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Greenland Technologies Holding Net Margin % Chart

Greenland Technologies Holding Annual Data
Trend Nov18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial 8.52 10.11 6.34 0.82 -17.58

Greenland Technologies Holding Quarterly Data
Feb19 May19 Aug19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -19.90 6.53 10.18 -4.06 -82.70

Competitive Comparison of Greenland Technologies Holding's Net Margin %

For the Specialty Industrial Machinery subindustry, Greenland Technologies Holding's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Greenland Technologies Holding's Net Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Greenland Technologies Holding's Net Margin % distribution charts can be found below:

* The bar in red indicates where Greenland Technologies Holding's Net Margin % falls into.



Greenland Technologies Holding Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Greenland Technologies Holding's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-15.879/90.333
=-17.58 %

Greenland Technologies Holding's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-18.838/22.778
=-82.70 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Greenland Technologies Holding  (NAS:GTEC) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Greenland Technologies Holding Net Margin % Related Terms

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Greenland Technologies Holding (Greenland Technologies Holding) Business Description

Traded in Other Exchanges
N/A
Address
50 Millstone Road, Building 400, Suite 130, Zhejiang, East Windsor, NJ, USA, 08512
Greenland Technologies Holding Corp is a developer of innovative and quality solutions in the material handling industry. It is a transmission and drivetrain systems provider for material handling equipment such as forklift trucks for industrial and logistic applications. Geographically, the company has its presence in Domestic and International markets and earns majority of the revenue from Domestic Sales.
Executives
Raymond Z Wang officer: CEO and President STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Peter Wang director, 10 percent owner
Jing Jin officer: Chief Financial Officer STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Ming Zhao director 1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000
Bo Shen director 11-F, BUILDING 12, SUNKIN PLAZA, GAOJIAO ROAD, HANGZHOU, ZHEJIANG F4 311122
Charles Athle Nelson director 11-F, BUILDING 12, SUNKING PLAZA, GAOJIAO ROAD, HANGZHOU, ZHEJIANG F4 311122
Min Zhang director STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Everett Xiaolin Wang director STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Liu Yanming director, 10 percent owner SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Lei Chen officer: Chief Scientist STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Greenland Asset Management Corp 10 percent owner WEST WING, YONGDA INTERNATIONAL TOWER, NO. 2277 LONGYANG ROAD, PUDONG SHANGHAI F4 100006
Hong Liang Lu director C/O UTSTARCOM INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Cui Shan director SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Tao Tang director SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Jerry Zheng officer: COO SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006