- 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.
For further details see:
Greenland Technologies Is Betting On Electric Forklifts And Looks Cheap