Nov. 11 at 9:08 AM
$GTEC Some other key points from the q3 results:
Total Assets are about
$8M higher to
$123.4M, mainly due to more cash and cash equivalents.
Total Debt is
$9M less.
Both bring the Total Equity to increase by nearly
$17M to
$69.8M.
The Gross Profit for the 9 months is higher than in 2024, but the Net Profit from operations is lower by
$1.3M, due to the "administrative" expenses which were increased by
$4M, as they wrote the q2 dilution as one-time expenses.
Without these one-time expenses, the Net Profit from operation would be
$2.7M higher, in accordance with the increase in the Gross Profit.
GTEC is incorporated in U.S., the main shareholders and executives are U.S. citizens, born in U.S., with some of them having Chinese ancestry.
Despite that, GTEC trades like a Chinese stock with Chinese auditing firm and with the regulations of foreign stocks (results obligation not for every quarter etc).
But,
$AAPL is not Chinese because it manufactures in China or
$NVDA due to its founder and CEO.
