Greenland Technologies Holding Corporation (NASDAQ:GTEC) Q3 2022 Earnings Conference Call November 9, 2022 8:00 AM ET

Company Participants

Julia Qian - Managing Director, Blueshirt Group Asia

Raymond Wang - Chief Executive Officer

Jing Jin - Chief Financial Officer

Conference Call Participants

Theodore O'Neill - Litchfield Hills Research

Rommel Dionisio - Aegis Capital

Operator

Good day, ladies and gentlemen. Thank you for standing by, and we warmly welcome you all to the Greenland Technologies Third Quarter 2022 Earnings Conference Call. Currently, all participants are in listen-only mode. [Operator Instructions] As a reminder, we are recording today's call. If you have any objections, you may disconnect at this time.

Now, I'd like to turn the call over to Mr. Julia Qian, Managing Director of the Blueshirt Group. Mr. Qian, please proceed.

Julia Qian

Thank you, operator, and hello, everyone. Welcome to Greenland Technologies third quarter 2022 earnings conference call. Joining us today are Mr. Raymond Wang, Chief Executive Officer; and Mr. Jing Jin, Chief Financial Officer. We've released the results early today. The press release is available on the company's Investor Relations website, as well as on Newswire Services. A replay of this call will be also be available in a few hours on our IR website.

Before we continue, please note that today's discussion will contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual result may be materially different from the expectations expressed today.

Further information regarding these and other risks and uncertainties is included in the company's public filings with the SEC. The company does not assume any obligation to update any forward-looking statements, except as required under applicable law. Also please note that unless otherwise state, all figures mentioned during this conference call are in U.S. dollars.

With that, let me now turn the call over to our CEO, Mr. Raymond Wang. Please go ahead, Mr. Wang.

Raymond Wang

Thank you very much and good morning everyone and thank you for joining us today. Before I recap the third quarter, I want to thank my team for delivering solid results, despite a continually challenging global environment.

To summarize the third quarter, our component business is operating better than it has before and is only held back by lingering pandemic regulations, while our electric HEVI Equipment division is continuing to strengthen its infrastructure, brand, and value proposition, and we are at the tipping point for adoption that will result in significant growth for the company, and our shareholders.