v3.26.1
Unaudited Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 8,980,604 $ 7,775,330
Restricted cash 71,540
Short term investment 23,330,932 24,454,701
Notes receivable 22,146,768 14,704,079
Accounts receivable, net 30,472,900 17,256,479
Inventories, net 24,623,617 24,377,036
Advance to suppliers 91,112 80,757
Fixed deposit-current 3,099,212 2,966,386
Prepayments and other current assets 12,542,769 2,472,387
Total Current Assets 125,799,314 95,265,112
Non-current asset    
Property, plant and equipment, net 12,636,194 11,889,147
Land use rights, net 3,381,779 3,325,188
Intangible assets 37,955 68,691
Deferred tax assets 460,304 446,613
Fixed deposit-non current 4,602,744 4,421,828
Other non-current assets 607,978 355,762
Total non-current assets 21,726,954 20,507,229
TOTAL ASSETS 147,526,268 115,772,341
Current Liabilities    
Notes payable-bank acceptance notes 20,263,519 12,759,720
Accounts payable 35,032,772 25,604,917
Taxes payables 532,521 1,622,509
Contract liabilities 96,926 93,698
Other current liabilities 2,440,568 2,941,871
Total current liabilities 63,738,094 48,297,726
Non-current liabilities    
Deferred revenue 875,108 1,083,784
Warrant liability 18,900 70,910
Total non-current liabilities 894,008 1,154,694
TOTAL LIABILITIES 64,632,102 49,452,420
COMMITMENTS AND CONTINGENCIES
Shareholders’ equity    
Ordinary shares, value
Additional paid-in capital 38,602,913 33,017,917
Statutory reserves 3,842,331 3,842,331
Retained earnings 46,037,583 37,533,648
Accumulated other comprehensive income (loss) 248,450 (1,452,410)
Total shareholders’ equity attributed to Greenland Technologies Holding Corporation and subsidiaries 88,731,277 72,941,486
Non-controlling interest (5,837,111) (6,621,565)
TOTAL SHAREHOLDERS’ EQUITY 82,894,166 66,319,921
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 147,526,268 115,772,341
Related Party    
Current assets    
Due from related parties-current 511,400 1,106,417
Current Liabilities    
Due to related parties 5,371,788 5,275,011
Class A Ordinary Shares    
Shareholders’ equity    
Ordinary shares, value
Class B Ordinary Shares    
Shareholders’ equity    
Ordinary shares, value