Greenland Technologies Q2 revenue rises 38% on higher sales volume

Greenland Technologies Holding

14/08/2026 14:15

Overview
China drivetrain systems maker's Q2 revenue rose 38% yr/yr, driven by higher sales volume
Q2 net income reached $4.9 mln, reversing a net loss in the prior-year period
Gross margin expanded to 31.9% from 26.5%, reflecting shift to higher-value products

Outlook
Company did not provide specific guidance for future quarters or the full year in the press release

Result Drivers
HIGHER SALES VOLUME - Co said increased sales volume of transmission products was the main driver of revenue growth
PRODUCT MIX SHIFT - Co said a shift toward higher-value and more sophisticated products, including hydraulic transmission products, contributed to gross profit and margin expansion

Company press release: ID:nPn4Hh6qra

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$29.90 mln
 
Q2 Net Income
 
$4.90 mln
 
Q2 Gross Margin
 
31.90%
 
Q2 Gross Profit
 
$9.50 mln
 
Q2 Income from Operations
 
$6 mln
 
Q2 Operating Expenses
 
$3.56 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Greenland Technologies Holding Corp is $6.00, about 733.3% above its August 13 closing price of $0.72

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)