Greenland technologies holding corp. (GLAC)
Income statement / Yearly
Dec'19Dec'18Nov'18
REVENUES

52,400

60,213

-

COST OF GOODS SOLD

40,022

46,139

-

GROSS PROFIT

12,378

14,073

-

Selling expenses

1,187

1,215

-

General and administrative expenses

2,231

1,647

-

Research and development expenses

2,355

2,512

-

Total operating expenses

5,774

5,375

-

Operating costs

-

-

372

INCOME FROM OPERATIONS

6,604

8,697

-372

Interest income

151

304

-

Interest expense

1,289

1,554

-

Loss on disposal of property and equipment

-252

-7

-

Other income

720

576

-

INCOME BEFORE INCOME TAX

5,934

8,016

-

INCOME TAX

847

1,392

-

Interest income

-

-

315

Unrealized gain (loss) on marketable securities held in Trust Account

-

-

-8

Change in value of deferred underwriting fee liability

-

-

-1

NET INCOME

5,087

6,623

-66

LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST

622

666

-

NET INCOME ATTRIBUTABLE TO GREENLAND TECHNOLOGIES HOLDING CORPORATION AND SUBSIDIARIES

4,464

5,956

-

OTHER COMPREHENSIVE LOSS:

-689

1,897

-

Unrealized foreign currency translation loss attribute to Greenland technologies holding corporation and subsidiaries

534

-1,399

-

Unrealized foreign currency translation loss attribute to Noncontrolling interest

154

498

-

Comprehensive income

3,929

4,557

-

Noncontrolling interest

468

168

-

WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING:
Basic and diluted

7,932

7,500

-

NET INCOME PER ORDINARY SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY:
Weighted average ordinary shares outstanding, basic and diluted

-

-

1,415

Basic and diluted

0.56

0.79

-0.24