GTEC - Greenland Technologies Is Betting On Electric Forklifts And Looks Cheap

• The company has a market valuation of below $90 million despite generating annual sales of around $100 million as well as net profits of some $13 million.
• Next year could see significant growth as Greenland Technologies is launching the sale of electric forklifts, excavators, and loaders in the USA.
• However, I’m concerned that receivables have been growing rapidly and this could lead to another capital increase.
• Also, a resurgence of COVID-19 could hamper the launch of the new products in the USA as the company still has no local production facilities.

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