Greenland Technologies Q2 revenue rises 37.6% to $29.9 million; net income $4.9 million
Greenland Technologies reported unaudited results for the quarter ended June 30, 2026, in a press release furnished as Exhibit 99.1. Second-quarter revenue rose 37.6% to $29.9 million, and the company returned to profit, with net income of $4.9 million compared with a net loss of $2.8 million a year earlier. Earnings per share were $0.13 versus a loss of $0.20, and the filing gives no guidance for future periods.
Key points
- Q2 revenue $29.9 million, up 37.6% from $21.7 million; sales volume up 24.1% to 53,243 sets
- Q2 gross margin 31.9%, up from 26.5%; income from operations $6.0 million versus a $2.3 million loss
- Net income attributable to shareholders $3.5 million; basic and diluted EPS $0.13 versus a $0.20 loss
- First-half revenue $55.4 million, up 27.7%; cash and equivalents $8.98 million at June 30, 2026
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.