v3.26.3
Unaudited Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Revenues $ 24,860,280 $ 23,401,597 $ 80,275,953 $ 66,798,947
Cost of goods sold 16,521,370 15,828,001 53,636,172 46,813,620
Gross profit 8,338,910 7,573,596 26,639,781 19,985,327
Selling expenses 485,858 432,575 2,579,267 1,768,150
General and administrative expenses 704,024 1,514,734 3,383,646 9,580,264
Research and development expenses 841,980 560,668 2,667,154 1,085,845
Total operating expenses 2,031,862 2,507,977 8,630,067 12,434,259
INCOME FROM OPERATIONS 6,307,048 5,065,619 18,009,714 7,551,068
Interest income 75,513 429,159 471,946 741,116
Interest expense (48,540) (92,373)
Change in fair value of the warrant liability 13,804 1,525,352 65,814 1,816,385
Other income 753,363 485,857 1,579,050 927,677
INCOME BEFORE INCOME TAX 7,101,188 7,505,987 20,034,151 11,036,246
INCOME TAX EXPENSE 763,184 920,297 3,004,710 2,647,492
NET INCOME 6,338,004 6,585,690 17,029,441 8,388,754
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 667,633 853,168 2,855,135 1,877,717
NET INCOME ATTRIBUTABLE TO GREENLAND TECHNOLOGIES HOLDING CORPORATION AND SUBSIDIARIES 5,670,371 5,732,522 14,174,306 6,511,037
OTHER COMPREHENSIVE INCOME: 821,111 526,419 2,721,861 1,915,421
Unrealized foreign currency translation income attributable to Greenland Technologies Holding Corporation and subsidiaries 733,145 482,376 2,434,005 1,748,134
Unrealized foreign currency translation income attributable to non-controlling interest 87,966 44,043 287,856 167,287
Total comprehensive income attributable to Greenland Technologies Holding Corporation and subsidiaries 6,403,516 6,214,898 16,608,311 8,259,171
Total comprehensive income attributable to noncontrolling interest $ 755,599 $ 897,211 $ 3,142,991 $ 2,045,004
WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING: 26,544,222 17,394,226 24,965,013 15,724,030
Basic (in Dollars per share) $ 0.21 $ 0.33 $ 0.57 $ 0.41
Diluted (in Dollars per share) $ 0.21 $ 0.33 $ 0.57 $ 0.41