Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation, through its subsidiaries, develops and manufactures transmission and drivetrain systems for material handling machineries and electric vehicles, and electric industrial vehicles in the People's Republic of China and internationally. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, suc… Read more
Greenland Technologies Holding Corporation (GTECW) - Net Assets
Latest net assets as of March 2024: $53.31 Million USD
Based on the latest financial reports, Greenland Technologies Holding Corporation (GTECW) has net assets worth $53.31 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($139.18 Million) and total liabilities ($85.87 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $53.31 Million |
| % of Total Assets | 38.31% |
| Annual Growth Rate | 58.91% |
| 5-Year Change | 31.24% |
| 10-Year Change | N/A |
| Growth Volatility | 268.33 |
Greenland Technologies Holding Corporation - Net Assets Trend (2018–2023)
This chart illustrates how Greenland Technologies Holding Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Greenland Technologies Holding Corporation (2018–2023)
The table below shows the annual net assets of Greenland Technologies Holding Corporation from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $50.65 Million | -36.23% |
| 2022-12-31 | $79.43 Million | +6.13% |
| 2021-12-31 | $74.84 Million | -28.81% |
| 2020-12-31 | $105.14 Million | +172.41% |
| 2019-12-31 | $38.60 Million | +671.92% |
| 2018-12-31 | $5.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Greenland Technologies Holding Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1860191700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $18.54 Million | 37.01% |
| Other Components | $31.55 Million | 62.99% |
| Total Equity | $50.08 Million | 100.00% |
Greenland Technologies Holding Corporation Competitors by Market Cap
The table below lists competitors of Greenland Technologies Holding Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jaeger Resources Corp
PINK:BDRGF
|
$72.19K |
|
Tokmanni Group Corp
STU:TK9
|
$72.25K |
|
LYNAS CORPORATION
BE:LYI
|
$72.25K |
|
200580
KO:200580
|
$72.30K |
|
Aurelius Minerals Inc
PINK:AURQF
|
$72.04K |
|
Il Dong Holdings Co. Ltd.
KQ:000230
|
$72.02K |
|
435620
KQ:435620
|
$72.00K |
|
2028 Investment Grade Bond Trust
TO:IGBT-UN
|
$72.00K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Greenland Technologies Holding Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 65,711,721 to 50,080,230, a change of -15,631,491 (-23.8%).
- Net loss of 15,879,116 reduced equity.
- Dividend payments of 703,595 reduced retained earnings.
- Other factors increased equity by 951,220.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-15.88 Million | -31.71% |
| Dividends Paid | $703.60K | -1.4% |
| Other Changes | $951.22K | +1.9% |
| Total Change | $- | -23.79% |
Book Value vs Market Value Analysis
This analysis compares Greenland Technologies Holding Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $3.53 | $0.02 | x |
| 2019-12-31 | $27.27 | $0.02 | x |
| 2020-12-31 | $4.48 | $0.02 | x |
| 2021-12-31 | $5.50 | $0.02 | x |
| 2022-12-31 | $5.06 | $0.02 | x |
| 2023-12-31 | $3.68 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Greenland Technologies Holding Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -31.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.58%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.61x
- Recent ROE (-31.71%) is below the historical average (0.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -1.34% | -17.90% | 0.01x | 9.01x | $-566.78K |
| 2019 | 13.18% | 9.71% | 0.49x | 2.76x | $1.23 Million |
| 2020 | 14.19% | 9.53% | 0.62x | 2.40x | $1.88 Million |
| 2021 | 10.06% | 6.34% | 0.61x | 2.61x | $37.10K |
| 2022 | 1.13% | 0.82% | 0.59x | 2.36x | $-5.83 Million |
| 2023 | -31.71% | -17.58% | 0.69x | 2.61x | $-20.89 Million |
Industry Comparison
This section compares Greenland Technologies Holding Corporation's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Greenland Technologies Holding Corporation (GTECW) | $53.31 Million | -1.34% | 1.61x | $72.11K |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |