Greenland Technologies Holding Corporation announced its financial results for the fiscal first quarter of 2025, ending March 31. The company's revenue was approximately $21.68 million, a decrease of about $1.05 million, or 4.6%, compared to $22.72 million for the same period in 2024. This decline was mainly attributed to a reduction in the sales volume of transmission products, which accounted for approximately $0.84 million of the decrease. Despite the drop in revenue, Greenland Technologies reported a significant improvement in profitability. The gross profit rose by approximately $1.01 million, or 18.0%, reaching $6.66 million, up from $5.65 million in the first quarter of 2024. The gross margin increased to approximately 30.7% from 24.9% in the previous year, driven by a strategic shift towards higher-value and more sophisticated products. The company also achieved a notable reduction in total operating expenses, which decreased by 50.2% to $1.85 million from $3.72 million in the first quarter of 2024. This reduction was primarily due to lower costs in advertising and marketing, shipping, general and administrative expenses, and research and development. Earnings per share saw a significant increase of 61% compared to the first quarter of 2024. CEO Raymond Wang highlighted the company's focus on operational discipline, innovation, and efficiency as key factors in achieving these results.