Greenland Technologies Fiscal Full Year 2024 Net Income Surges to $15.15 Million

About this update from Greenland Technologies Holding Corporation

[{"type":"text","content":"Fiscal Full Year 2024 Operating Expenses Reduced by 28% YoY; Earnings Per Share Jumps to $1.03 Per Basic and Diluted Share From a Loss of $1.20 Per Basic and Diluted Share","length":171,"tagName":"p","attribs":{}},{"type":"text","content":"EAST WINDSOR, N.J., March 26, 2025 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced its audited financial results for the fiscal full year ended December 31, 2024.","length":399,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Greenland Technologies Holding Corporation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Greenland Technologies Holding Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/b3c6335f877cf420e9019db87766903a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.qIxssy0mRuyezV8BTBNzQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b3c6335f877cf420e9019db87766903a","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2280207/GTEC__Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Full Year 2024 Financial and Operating Highlights ","length":49,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Greenland reduced its operating expenses 28%, to $9.9 million for the fiscal full year 2024, compared to $13.8 million for the fiscal full year 2023, demonstrating a strong commitment to cost efficiency.","length":203,"tagName":"p"}]},{"val":[{"type":"text","content":"Income from operations increased 17%, reaching $12.59 million for the fiscal full year 2024, up from $10.8 million for the fiscal full year 2023, driven by lower operating expenses and enhanced operational performance.","length":218,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company achieved net income of $15.15 million for the fiscal full year 2024, increased from a net loss of $25.02 million for the fiscal full year 2023.","length":155,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":576,"olType":false},{"type":"text","content":"Raymond Wang, Ch...

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