HOWELL, N.J., March 22, 2021 /PRNewswire/ -- Greenland
Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland"), a technology developer and
manufacturer of electric industrial vehicles and drivetrain systems
for material handling machineries and vehicles, announced today it
plans to release audited results for the fourth quarter and full
year 2020 ended December 31, 2020 on
March 30, 2021.
The Company released select preliminary results on January 13, 2021, subject to final audit.
The Company, subject to final audit, now expects revenue for the
fourth quarter of 2020 ended December 31,
2020 increased by approximately 25.5% to approximately
RMB 73.2 million when compared to
approximately RMB 58.3 million in
revenue for the same period one year ago.
The Company reiterated it was encouraged by the acceleration in
revenue growth in the fourth quarter of 2020, as it benefited from
both strong Company and market fundamentals, with business momentum
expected to continue through 2021 given the fact that its growth is
coming from a diversified product mix and customer base.
About Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a
developer and a manufacturer of drivetrain systems for material
handling machineries and electric vehicles, as well as electric
industrial vehicles. For more information visit
www.gtec-tech.com.
Forward-Looking Statements
This press release contains statements that may constitute
"forward-looking statements." Such statements reflect Greenland's current views with respect to
future events and are subject to such risks and uncertainties, many
of which are beyond the control of Greenland, including those set forth in the
Risk Factors section of Greenland's Annual Report on Form 10-K and
Definitive Proxy Statement on Schedule 14A filed with the
Securities and Exchange Commission ("SEC"). Copies are available on
the SEC's website, www.sec.gov. Words such as "expect," "estimate,"
"project," "budget," "forecast," "anticipate," "intend," "plan,"
"may," "will," "could," "should," "believes," "predicts,"
"potential," "continue," and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements include, without limitation, Greenland's expectations with respect to
future performance. In addition, there is uncertainty about the
further spread of the COVID-19 virus or the occurrence of another
wave of cases and the impact it may have on the Company's
operations, the demand for the Company's products, global supply
chains and economic activity in general. Should one or more of
these risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described herein as
intended, planned, anticipated or expected. Statements contained in
this news release regarding past trends or activities should not be
taken as a representation that such trends or activities will
continue in the future. Greenland
does not intend and does not assume any obligation to update these
forward-looking statements, other than as required by law.
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SOURCE Greenland Technologies Holding Corporation