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Greenland Acquisition Corp (GTEC)



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Upturn Advisory Summary
07/14/2025: GTEC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $13
1 Year Target Price $13
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -60.79% | Avg. Invested days 41 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 33.22M USD | Price to earnings Ratio 1.68 | 1Y Target Price 13 |
Price to earnings Ratio 1.68 | 1Y Target Price 13 | ||
Volume (30-day avg) 1 | Beta 2.01 | 52 Weeks Range 1.17 - 2.94 | Updated Date 07/14/2025 |
52 Weeks Range 1.17 - 2.94 | Updated Date 07/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.14 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 18.78% | Operating Margin (TTM) 22.18% |
Management Effectiveness
Return on Assets (TTM) 7.5% | Return on Equity (TTM) 28.99% |
Valuation
Trailing PE 1.68 | Forward PE 8.06 | Enterprise Value 33972388 | Price to Sales(TTM) 0.4 |
Enterprise Value 33972388 | Price to Sales(TTM) 0.4 | ||
Enterprise Value to Revenue 0.41 | Enterprise Value to EBITDA 1.62 | Shares Outstanding 17394200 | Shares Floating 11183444 |
Shares Outstanding 17394200 | Shares Floating 11183444 | ||
Percent Insiders 35.71 | Percent Institutions 6.37 |
Upturn AI SWOT
Greenland Acquisition Corp

Company Overview
History and Background
Greenland Acquisition Corp. was a blank check company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It appears to have since completed its merger and is now operating under a different name/ticker symbol.
Core Business Areas
- SPAC Formation: The company was initially formed as a special purpose acquisition company, focusing on identifying and acquiring a target business.
Leadership and Structure
As a SPAC, leadership typically consisted of a management team with experience in deal-making and specific industry sectors. The organizational structure was relatively simple prior to the business combination.
Top Products and Market Share
Key Offerings
- Acquisition Target Search: Greenland Acquisition Corp.'s 'product' was its ability to identify and secure a merger with a private company, providing that company with a path to public markets. Market share data is not applicable as their success depends on acquiring a company in a specific industry. Competitors include other SPACs seeking merger targets.
Market Dynamics
Industry Overview
The SPAC market has been volatile, with periods of intense activity followed by corrections and increased regulatory scrutiny. SPACs offer a faster route to public markets than traditional IPOs but carry their own risks.
Positioning
Greenland Acquisition Corp's position was dependent on the specific target industry and its competitiveness within that sector. Their competitive advantage (or disadvantage) stemmed from the quality of their management team and the terms of the merger agreement.
Total Addressable Market (TAM)
The TAM for SPACs is large, encompassing all private companies seeking to go public. Greenland Acquisition Corp's positioning depended on the specific sector they were targeting.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Access to Public Capital
- Potential for High Growth
Weaknesses
- Dependence on Finding a Suitable Target
- Dilution of Existing Shareholders
- Regulatory Risks
Opportunities
- Growing Demand for Alternative Public Offerings
- Increasing Number of Private Companies Seeking Capital
- Potential for Synergies with Target Company
Threats
- Increased Competition from Other SPACs
- Market Volatility
- Regulatory Changes
Competitors and Market Share
Key Competitors
Competitive Landscape
The competitive landscape involved numerous other SPACs seeking merger targets, with competition based on deal terms and industry focus.
Growth Trajectory and Initiatives
Historical Growth: Growth trajectory prior to merger is not applicable for SPACs.
Future Projections: Future projections depend on the acquired company's performance and market conditions.
Recent Initiatives: Recent initiatives would have focused on identifying and completing the merger.
Summary
Greenland Acquisition Corp was a SPAC, its performance heavily depended on its successful acquisition and the subsequent performance of the acquired company. The SPAC market is competitive and subject to regulatory risks. Analyzing the acquired company's performance after the merger provides a better assessment of the overall success. The financial health and growth prospects are tied to the target entity post-acquisition.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (if available)
- Financial News Outlets
- SPAC Research Platforms
Disclaimers:
This analysis is based on publicly available information and is not financial advice. The information may not be complete or accurate. Investors should conduct their own due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Greenland Acquisition Corp
Exchange NASDAQ | Headquaters East Windsor, NJ, United States | ||
IPO Launch date 2018-08-08 | CEO & President Mr. Raymond Z. Wang | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 345 | Website https://ir.gtec-tech.com |
Full time employees 345 | Website https://ir.gtec-tech.com |
Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries worldwide. The company offers transmission products, such as transmission systems and integrated powertrain primarily for electric forklift trucks; electric industrial heavy equipment, including electric wheeled front loader, electric excavator, and electric lithium forklifts; and provides charging solutions. Its products are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfilment centers, shipyards, and seaports. Greenland Technologies Holding Corporation was and is headquartered in East Windsor, New Jersey.

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