Issue 001 | U.S. Pilot | US

GTEC

Greenland Technologies Holding Corp.

Screen state: Passing Source state: Verified 10-Q | 2026-05-13 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 78.1%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 112,999,180USD
Total Liabilities: 58,084,912USD
NCAV: 54,914,268USD
Cash: 10,392,136USD
NCAV per share: 2.07USD/share
Evidence: 8 annual | 25 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: no_split_evidence_reported_equals_adjusted | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-K Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-Q Open filing	2024-12-31 10-K Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-K Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-K Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-Q Open filing	2021-12-31 10-K Open filing	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing	2020-12-31 10-K Open filing	2019-12-31 10-K Open filing	2018-11-30 10-K Open filing
Period-end Shares Outstanding	26,544,22226,544,222	17,394,22617,394,226	17,394,22617,394,226	17,394,22617,394,226	13,594,53013,594,530	13,594,53013,594,530	13,594,53013,594,530	13,594,53013,594,530	13,594,53013,594,530	13,594,53013,594,530	13,594,53013,594,530	12,978,50412,978,504	12,978,50412,978,504	12,978,50412,978,504	12,579,53012,579,530	11,329,53011,329,530	11,329,53011,329,530	11,329,53011,329,530	11,371,17111,371,171	11,448,32711,448,327	10,225,14210,225,142	10,006,14210,006,142	1,906,5421,906,542
Weighted-average Basic Shares	21,753,95821,753,958	16,145,01116,145,011	17,394,22617,394,226	16,099,82416,099,824	13,594,53013,594,530	13,594,53013,594,530	13,594,53013,594,530	13,594,53013,594,530	13,594,53013,594,530	13,229,97813,229,978	13,594,53013,594,530	12,978,50412,978,504	12,978,50412,978,504	11,886,87611,886,876	12,222,38712,222,387	11,329,53011,329,530	11,329,53011,329,530	10,840,63810,840,638	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	21,753,95821,753,958	16,145,01116,145,011	17,394,22617,394,226	16,099,82416,099,824	13,594,53013,594,530	13,594,53013,594,530	13,594,53013,594,530	13,594,53013,594,530	13,594,53013,594,530	13,229,97813,229,978	13,594,53013,594,530	12,978,50412,978,504	12,978,50412,978,504	10,840,63810,840,638	12,222,38712,222,387	11,329,53011,329,530	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic EPS	00	00	00	-0-0	00	11	00	11	00	-1-1	00	00	00	00	00	00	00	11	11	00	11	n/an/a	n/an/a
Diluted EPS	00	00	00	-0-0	00	11	00	11	00	-1-1	00	00	00	00	00	00	00	11	11	00	n/an/a	n/an/a	n/an/a
Basic-to-Diluted Share Difference	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-8.8%	0.0%	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	52.6%	0.0%	0.0%	28.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	4.7%	0.0%	0.0%	3.2%	11.0%	0.0%	0.0%	-0.4%	-0.7%	12.0%	2.2%	424.8%	Insufficient evidence
Ownership Claim Change	-34.5%	0.0%	0.0%	-21.8%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-4.5%	0.0%	0.0%	-3.1%	-9.9%	0.0%	0.0%	0.4%	0.7%	-10.7%	-2.1%	-80.9%	Insufficient evidence

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-12-31 10-K USD	2024-12-31 10-K USD	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD	2020-12-31 10-K USD	2019-12-31 10-K USD	2018-11-30 10-K USD
Revenue	90,694,007	83,944,661	90,333,240	90,830,674	98,839,900	66,864,375	52,400,844	n/a
Operating Income	7,522,078	12,594,142	10,779,227	5,958,542	8,250,068	6,708,350	6,604,078	-372,998
Net Income	4,931,543	14,066,972	-15,879,116	3,559,565	6,265,578	6,758,502	5,087,166	-66,784
Cash From Operations	15,608,957	13,341,886	2,449,040	7,313,245	-5,755,940	2,695,570	7,999,230	-426,265
Capex	-525,718	-1,964,276	-735,498	n/a	n/a	-131,432	-1,284,972	n/a
Free Cash Flow	15,083,239	11,377,610	1,713,542	n/a	n/a	2,564,138	6,714,258	n/a
Cash And Equivalents	7,775,330	6,659,142	22,981,324	16,295,695	11,062,590	7,159,015	2,123,485	644,700
Accounts Receivable	17,256,479	15,796,423	16,483,533	14,337,760	15,915,002	12,408,548	11,971,889	n/a
Inventory	24,377,036	23,378,090	24,596,795	23,096,382	25,803,474	15,380,063	9,972,877	n/a
Total Current Assets	95,265,112	92,646,759	99,790,741	132,364,160	139,305,403	107,643,434	80,239,713	729,245
Total Assets	115,772,341	115,576,195	130,476,967	155,115,341	162,568,442	131,978,737	106,483,843	45,036,632
Total Current Liabilities	48,297,726	57,537,963	72,524,516	66,208,689	85,463,224	78,808,335	55,993,321	31,278
Total Liabilities	49,452,420	62,307,307	79,823,566	70,197,578	87,723,776	81,317,275	59,521,719	1,010,765
Shareholders Equity	72,941,486	60,207,697	50,080,230	71,195,100	62,284,790	44,889,922	38,595,878	5,000,001
Shares Outstanding	17,394,226	13,594,530	13,594,530	12,978,504	11,329,530	10,225,142	10,006,142	1,906,542
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	16,145,011	13,594,530	13,229,978	11,886,876	10,840,638	10,037,249	7,932,567	1,415,310
Weighted Avg Shares Basic	16,145,011	13,594,530	13,229,978	11,886,876	10,840,638	10,037,249	7,932,567	1,415,310
Net Share Count Change (Normalized)	0.0%	0.0%	0.0%	3.2%	-0.4%	2.2%	424.8%	Insufficient evidence
Ownership Claim Change (Normalized)	0.0%	0.0%	0.0%	-3.1%	0.4%	-2.1%	-80.9%	Insufficient evidence

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-03-31 10-Q USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-Q USD	2024-12-31 10-K USD	2024-12-31 10-K USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-Q USD	2023-12-31 10-K USD	2023-12-31 10-K USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-Q USD	2022-12-31 10-K USD	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD	2021-12-31 10-K USD	2021-12-31 10-K USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD
Revenue	25,538,345	23,895,060	23,895,060	23,401,597	21,719,786	21,677,564	19,369,717	19,369,717	18,834,093	23,017,260	22,723,591	22,777,670	22,777,670	21,836,761	23,569,449	22,149,360	19,134,350	19,134,350	21,786,862	20,602,505	29,306,957	22,939,906	22,939,906	23,084,793	28,204,307
Operating Income	5,719,601	-28,990	-28,990	5,065,619	-2,323,247	4,808,696	3,753,345	3,753,345	2,928,023	3,986,354	1,926,420	2,190,096	2,190,096	2,806,142	3,408,839	2,374,150	-1,696,127	-1,696,127	2,074,778	2,213,904	3,365,987	-108,280	-108,280	2,051,676	3,452,199
Net Income	5,000,480	1,645,774	-1,579,494	5,732,522	-3,225,268	4,003,783	7,598,250	7,598,250	-684,391	4,650,910	2,502,203	-18,837,809	-18,837,809	-887,420	2,399,138	1,446,975	-992,715	-992,715	1,277,964	1,487,264	1,787,052	327,909	327,909	1,028,348	2,780,753
Cash From Operations	-1,186,337	7,809,923	7,809,923	8,259,031	-1,704,663	1,244,666	4,358,390	4,358,390	6,059,338	11,346,488	-8,422,330	2,007,585	2,007,585	833,171	-4,148,034	3,756,318	13,434,480	13,434,480	-4,456,210	-2,926,071	1,261,046	108,483	108,483	-5,086,002	3,219,726
Capex	-172,528	n/a	-260,251	-112,485	-138,611	-14,371	n/a	-547,928	-134,171	-97,145	-1,185,032	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Free Cash Flow	-1,358,865	n/a	7,549,672	8,146,546	-1,843,274	1,230,295	n/a	3,810,462	5,925,167	11,249,343	-9,607,362	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Cash And Equivalents	10,392,136	7,775,330	7,775,330	3,942,129	4,575,645	5,403,254	6,659,142	6,659,142	17,633,936	17,119,889	15,985,073	22,981,324	22,981,324	21,543,963	15,232,289	15,401,387	16,295,695	16,295,695	11,306,600	3,217,925	6,853,839	11,062,590	11,062,590	9,020,787	10,756,968
Total Current Assets	112,999,180	95,265,112	95,265,112	98,991,426	94,613,734	93,467,880	92,646,759	92,646,759	100,183,115	102,437,766	103,374,342	99,790,741	99,790,741	138,932,446	133,312,675	135,163,335	132,364,160	132,364,160	135,341,847	129,313,092	140,959,470	139,305,403	139,305,403	134,442,643	132,110,544
Total Liabilities	58,084,912	49,452,420	49,452,420	53,573,282	60,343,462	60,557,999	62,307,307	62,307,307	66,211,531	67,976,431	85,867,544	79,823,566	79,823,566	73,945,523	68,858,050	69,731,911	70,197,578	70,197,578	74,384,253	73,871,241	86,130,664	87,723,776	87,723,776	91,582,750	90,770,545
Shares Outstanding	26,544,222	17,394,226	17,394,226	17,394,226	17,394,226	13,594,530	13,594,530	13,594,530	13,594,530	13,594,530	13,594,530	13,594,530	13,594,530	13,594,530	12,978,504	12,978,504	12,978,504	12,978,504	12,579,530	11,329,530	11,329,530	11,329,530	11,329,530	11,371,171	11,448,327
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	21,753,958	16,145,011	17,435,528	17,394,226	16,099,824	13,594,530	13,594,530	13,594,530	13,594,530	13,594,530	13,594,530	13,229,978	13,360,174	13,594,530	12,978,504	12,978,504	11,886,876	12,647,883	12,222,387	11,329,530	11,329,530	10,840,638	10,831,635	11,371,171	10,814,479
Weighted Avg Shares Basic	21,753,958	16,145,011	17,435,528	17,394,226	16,099,824	13,594,530	13,594,530	13,594,530	13,594,530	13,594,530	13,594,530	13,229,978	13,360,174	13,594,530	12,978,504	12,978,504	11,886,876	12,647,883	12,222,387	11,329,530	11,329,530	10,840,638	10,831,635	11,371,171	10,814,479
Net Share Count Change (Normalized)	52.6%	0.0%	0.0%	0.0%	28.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	4.7%	0.0%	0.0%	3.2%	3.2%	11.0%	0.0%	0.0%	-0.4%	-0.4%	-0.7%	12.0%
Ownership Claim Change (Normalized)	-34.5%	0.0%	0.0%	0.0%	-21.8%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-4.5%	0.0%	0.0%	-3.1%	-3.1%	-9.9%	0.0%	0.0%	0.4%	0.4%	0.7%	-10.7%

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	112,999,180USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001735041/companyfacts.json Data Vault \| sec/companyfacts/cik=0001735041/companyfacts.json
Total Liabilities	58,084,912USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001735041/companyfacts.json Data Vault \| sec/companyfacts/cik=0001735041/companyfacts.json
Cash	10,392,136USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001735041/companyfacts.json Data Vault \| sec/companyfacts/cik=0001735041/companyfacts.json
Shares Outstanding	26,544,222	us-gaap:CommonStockSharesOutstanding	2026-03-31	1.00	n/a
NCAV	54,914,268USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	2.07USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	78.1%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001735041
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001735041/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001735041/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 24
Imported At: 2026-08-15T12:52:07+00:00
Rendered At: 2026-08-16T03:29:38+00:00

Run Audit

Mary Run: 7597e71d9e0c42a48d3fa1ce89682485
Mary As Of: 2026-07-11
Accession: 0001213900-26-055798
CIK: 0001735041
Mary Filing Date: 2026-05-13
Filing Currency: USD
Internal Discount: 78.1%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=7597e71d9e0c42a48d3fa1ce89682485; mary_as_of=2026-07-11; mary_filing_date=2026-05-13; mary_accession=0001213900-26-055798; mary_cik=0001735041; gnni_supporting_filing_date=2026-05-13; internal_discount=0.780932; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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