Greenland Technologies Q2 FY26 swings to profit of $4.9 million; revenue rises 37.6% to $29.9 million

Reuters2026/08/14 13:01

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Greenland Technologies posted Q2 revenue of USD 29.9 million, up 37.6% year over year.
Net income turned to USD 4.9 million from a prior-year loss; EPS was USD 0.13.
Gross margin widened to 31.9% from 26.5% as gross profit rose 65.9% to USD 9.5 million.
First-half revenue climbed 27.7% to USD 55.4 million; net income increased to USD 10.7 million.
CEO Raymond Z. Wang cited higher volume and a shift toward higher-value products, including hydraulic transmission products.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenland Technologies Holding Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608140900PR_NEWS_USPR_____CN24981) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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智通财经•2026/09/14 07:16