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Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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Greenland Technologies Holdi / Equity Bottom-Up

<div><div><div><div><ul style="list-style-type: disc;"><li><p>Greenland Technologies President and CEO Raymond Wang joined WTR’s Tim Regan and Graham Mattison for a discussion of the company’s transmission business and its evolution to selling all-electric powered industrial equipment in the US through its HEVI division.</p></li><li><p>Here are a number of highlights from our podcast episode.</p></li><li><p>All-electric HEVI front loaders and excavators match a comparable diesel's performance. </p></li></ul></div></div></div></div>

Greenland Technologies President and CEO Raymond Wang joined WTR’s Tim Regan and Graham Mattison for a discussion of the company’s transmission business and its evolution to selling all-electric powered industrial equipment in the US through its HEVI division.Here are a number of highlights from our podcast episode.All-electric HEVI front loaders and excavators match a comparable diesel's performance. 

CLIMATETECH & SUSTAINABLE INVESTING - Greenland Technologies Holding Corp.

<ul><li>GTEC CEO Raymond Wang has purchased 66,500 shares in the open market at a cost of $1.50 per share, with the Form 4 filing made after the close on May 23.</li><li>The shares acquired represent slightly more than one half a percent of the total shares outstanding and have increased the CEO’s ownership by more than 55%.</li><li>We note that these shares are not part of an incentive program or corporate grant.</li></ul>

GTEC CEO Raymond Wang has purchased 66,500 shares in the open market at a cost of $1.50 per share, with the Form 4 filing made after the close on May 23.The shares acquired represent slightly more than one half a percent of the total shares outstanding and have increased the CEO’s ownership by more than 55%.We note that these shares are not part of an incentive program or corporate grant.

Greenland Technologies Holding Corp. - Pen Market Purchase by CEO Shows Confidence in Outlook

<ul><li>Reported 1Q EPS of $0.11 on revenue of $22.1 million, up from the prior quarter’s loss of $0.08 per share on $19.34 million in revenue.</li><li>The performance topped the results of the past three quarters, showing the continued recovery of the transmission business in China, which had been affected by the severe COVID restrictions and shutdowns.</li><li>This is particularly encouraging as 1Q is typically the seasonally weakest quarter due to the Chinese New Year holiday and manufacturing restocking.</li></ul>

Reported 1Q EPS of $0.11 on revenue of $22.1 million, up from the prior quarter’s loss of $0.08 per share on $19.34 million in revenue.The performance topped the results of the past three quarters, showing the continued recovery of the transmission business in China, which had been affected by the severe COVID restrictions and shutdowns.This is particularly encouraging as 1Q is typically the seasonally weakest quarter due to the Chinese New Year holiday and manufacturing restocking.

Greenland Technologies - Solid 1Q Results Show Further Recovery in Transmission Business

<ul><li>Greenland is a leading Tier 1 supplier of transmissions, integrated electric drivetrains, and all-electric construction equipment. </li><li>The company supplies more than 100 multinational and Chinese lift truck original equipment manufacturers (OEMs) through its research and development (R&amp;D), testing, and manufacturing facilities.</li><li>The company also manufactures and sells battery-electric powered heavy construction equipment in the US market, the HEVI division, which we see as being at the early stages of a significant growth opportunity.</li></ul>

Greenland is a leading Tier 1 supplier of transmissions, integrated electric drivetrains, and all-electric construction equipment. The company supplies more than 100 multinational and Chinese lift truck original equipment manufacturers (OEMs) through its research and development (R&amp;D), testing, and manufacturing facilities.The company also manufactures and sells battery-electric powered heavy construction equipment in the US market, the HEVI division, which we see as being at the early stages of a significant growth opportunity.

Significant EV Opportunity with a Profitable and Growing Base Business

China

Greenland Technologies Holding Corporation operates in China.

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Greenland Technologies Holdi (GTEC US)

CLIMATETECH & SUSTAINABLE INVESTING - Greenland Technologies Holding Corp.

Greenland Technologies President and CEO Raymond Wang joined WTR’s Tim Regan and Graham Mattison for a discussion of the company’s transmission...

Water Tower Research

Greenland Technologies Holding Corp. - Pen Market Purchase by CEO Shows Confidence in Outlook

GTEC CEO Raymond Wang has purchased 66,500 shares in the open market at a cost of $1.50 per share, with the Form 4 filing made after the close on...

Water Tower Research

Greenland Technologies - Solid 1Q Results Show Further Recovery in Transmission Business

Reported 1Q EPS of $0.11 on revenue of $22.1 million, up from the prior quarter’s loss of $0.08 per share on $19.34 million in revenue.

Water Tower Research

Significant EV Opportunity with a Profitable and Growing Base Business

Greenland is a leading Tier 1 supplier of transmissions, integrated electric drivetrains, and all-electric construction equipment.

Water Tower Research

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