Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
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Income Statement [Abstract] | ||||
REVENUES | $ 21,786,862 | $ 23,084,793 | $ 71,696,324 | $ 75,899,994 |
COST OF GOODS SOLD | 16,974,566 | 17,987,363 | 55,676,893 | 59,993,008 |
GROSS PROFIT | 4,812,296 | 5,097,430 | 16,019,431 | 15,906,986 |
Selling expenses | 521,865 | 522,770 | 1,679,600 | 1,397,462 |
General and administrative expenses | 1,192,210 | 1,150,769 | 3,716,590 | 2,814,120 |
Research and development expenses | 1,023,443 | 1,372,215 | 2,968,572 | 3,337,056 |
Total operating expenses | 2,737,518 | 3,045,754 | 8,364,762 | 7,548,638 |
INCOME FROM OPERATIONS | 2,074,778 | 2,051,676 | 7,654,669 | 8,358,348 |
Interest income | 12,790 | 4,737 | 35,239 | 14,165 |
Interest expense | (125,981) | (106,506) | (322,641) | (508,359) |
Loss on disposal of property and equipment | (301) | (695) | (959) | |
Other income | 655,838 | 231,466 | 1,418,580 | 830,515 |
INCOME BEFORE INCOME TAX | 2,617,124 | 2,181,373 | 8,785,152 | 8,693,710 |
INCOME TAX | 518,931 | 927,844 | 1,392,735 | 1,844,619 |
NET INCOME | 2,098,193 | 1,253,529 | 7,392,417 | 6,849,091 |
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST | 820,229 | 225,181 | 2,840,137 | 911,422 |
NET INCOME ATTRIBUTABLE TO GREENLAND TECHNOLOGIES HOLDING CORPORATION AND SUBSIDIARIES | 1,277,964 | 1,028,348 | 4,552,280 | 5,937,669 |
OTHER COMPREHENSIVE INCOME (LOSS): | (4,552,121) | (605,515) | (8,253,663) | (29,781) |
Unrealized foreign currency translation income (loss) attributable to Greenland Technologies Holding Corporation and subsidiaries | (2,974,517) | (433,694) | (5,446,475) | (31,313) |
Unrealized foreign currency translation income (loss) attributable to Noncontrolling interest | (1,577,604) | (171,821) | (2,807,188) | 1,532 |
Comprehensive income (loss) | (1,696,553) | 594,654 | (894,195) | 5,906,356 |
Noncontrolling interest | $ (757,375) | $ 53,360 | $ 32,949 | $ 912,954 |
WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING: | ||||
Basic and diluted (in Shares) | 12,222,387 | 11,329,530 | 11,628,243 | 10,715,132 |
NET INCOME PER ORDINARY SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY: | ||||
Basic and diluted (in Dollars per share) | $ 0.1 | $ 0.09 | $ 0.39 | $ 0.55 |
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- Definition The amount of unrealized foreign currency translation income attributable to noncontrolling interest. No definition available.
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- Definition The amount of unrealized foreign currency translation income loss attributable to greenland technologies holding. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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