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2021-11-11
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Greenland Technologies Registers ~40% Revenue Growth In Q3, Reaffirms FY21 Outlook
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGreenland Technologies Registers ~40% Revenue Growth In Q3, Reaffirms FY21 Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 22:07 GMT+8 <a href=https://www.benzinga.com/news/earnings/21/11/24038501/greenland-technologies-registers-40-revenue-growth-in-q3-reaffirms-fy21-outlook><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Greenland Technologies Holding Corp reported a third-quarter revenue increase of 39.7% year-over-year to $23.1 million, beating the estimate of $21.97 million.\nThe increase in revenue was due to the ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/21/11/24038501/greenland-technologies-registers-40-revenue-growth-in-q3-reaffirms-fy21-outlook\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/news/earnings/21/11/24038501/greenland-technologies-registers-40-revenue-growth-in-q3-reaffirms-fy21-outlook","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125159486","content_text":"Greenland Technologies Holding Corp reported a third-quarter revenue increase of 39.7% year-over-year to $23.1 million, beating the estimate of $21.97 million.\nThe increase in revenue was due to the significant increase in the sales volume resulting from the continuously growing market demand, the ability to boost supplies, and a shift in the product mix towards higher-value products.\nEPS improved to $0.09 from $0.02 in 3Q20, missing the estimate of $0.12.\nThe gross margin expanded by 150 bps to 22.1%.\nThe number of transmission products sold was 33,478 units, an increase of 11.6% Y/Y.\nThe operating income declined to $2.05 million (-8.4% Y/Y), and the margin contracted by 467 bps to 8.9%.\nTotal operating expenses were $3 million (+162.8% Y/Y), primarily due to a year-over-year rise in sales, consultancy fees, and research and development expenses.\nThe company had cash and cash equivalents of $16.2 million at the end of the quarter.\nFY21 Outlook:The company maintained its guidance for total revenues of $90 million - $100 million vs. an estimate of $98.92 million.\nPrice Action: GTEC shares are trading higher by 5.82% at $6.07 during the premarket session on Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/870575418"}
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