Greenland Technologies Q2 FY26 swings to profit of $4.9 million; revenue rises 37.6% to $29.9 million - GTEC News | RalliesGreenland Technologies Q2 FY26 swings to profit of $4.9 million; revenue rises 37.6% to $29.9 million
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GTEC• Q2 revenue and profit improve
- 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 results and CEO comment
- 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.
