Why did GTEC's Q4 earnings beat forecasts?

Greenland Technologies Holding Corp. (GTEC) reported quarterly adjusted earnings of 38 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 18 cents. **Revenue Decline and Revenue Surprise**:

1. **Revenue Decline**: Greenland Technologies Holding Corp. reported a total revenue of $19.37 million for the quarter ended December 31, 2024, which is a decrease from the revenue of $23.02 million reported for the quarter ended June 30, 2024. This decline in revenue could be due to various factors such as market conditions, competition, or internal operational issues.

|code|Ticker|Name|Date|Revenue Surprise|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|GTEC|GTEC.O|Greenland Technologies Holding|2024 Q1|-280000|2.2723591E7|186|
|GTEC|GTEC.O|Greenland Technologies Holding|2024 Q2|-983000|2.301726E7|186|
|GTEC|GTEC.O|Greenland Technologies Holding|2024 Q3|-5166000|1.8834093E7|186|
|GTEC|GTEC.O|Greenland Technologies Holding|2024 Q4|-6630000|1.9369717E7|186|

2. **Revenue Surprise**: The revenue surprise for the quarter ended December 31, 2024, was -6.63 million. This negative surprise suggests that the actual revenue was significantly lower than what analysts had anticipated. This could indicate that the company's performance was below expectations, which would typically be a concern for investors.
3. **Analyst Forecasts and Company Performance**: Analysts had forecasted revenue of $24.00 million for the quarter, but the company reported revenue of $23.02 million. This slight variance could be due to factors such as seasonal fluctuations, market trends, or company-specific factors. However, the fact that the company's performance was slightly below expectations could be a reason for the negative surprise.
4. **Market Conditions and Competition**: The company operates in a competitive market, and performance can be influenced by broader market conditions. Factors such as economic conditions, industry trends, and competition from other companies can impact revenue figures. It is possible that these factors contributed to the decline in revenue and the negative surprise.

In conclusion, while the company's earnings beat forecasts, the decline in revenue and the negative revenue surprise suggest that Greenland Technologies Holding Corp. faced challenges in generating consistent revenue growth, which could be a concern for investors and stakeholders.