Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Revenue | 4.1B | 3.5B | 3.1B | 2.9B | 700.0M |
| Revenue Growth % | 17.7% | 11.0% | 8.1% | 312.9% | -- |
| Total Revenue | 4.1B | 3.5B | 3.1B | 2.9B | 700.0M |
| Cost Of Revenue | 3.9B | 3.3B | 2.9B | 2.7B | 644.0M |
| Gross Profit | 193.0M | 163.0M | 212.0M | 213.0M | 56.0M |
| Gross Margin % | 4.7% | 4.7% | 6.8% | 7.4% | 8.0% |
| Total Operating Cost | 4.1B | 3.5B | 3.1B | 2.8B | 672.0M |
| Selling Expenses | 42.7M | 37.2M | 32.5M | 41.2M | 12.4M |
| Admin Expenses | 82.9M | 61.3M | 54.5M | 40.2M | 21.2M |
| Rd Expenses | 6.3M | 17.1M | 28.0M | 19.3M | 4.7M |
| Finance Expenses | 48.6M | 47.3M | 25.6M | 22.7M | 355,800 |
| Operating Income | -7.0M | -20.8M | 94.1M | 84.9M | 31.7M |
| Operating Margin % | -0.2% | -0.6% | 3.0% | 2.9% | 4.5% |
| Non Operating Income | 3,500 | 318,400 | 34,000 | 31,600 | 917,800 |
| Non Operating Expenses | 4,500 | 131,200 | 327,900 | 225,200 | 191,400 |
| Investment Income | -5.2M | -4.9M | -2.7M | -3.2M | 1.3M |
| Fair Value Change Income | -- | -- | 29.8M | -- | -- |
| Asset Disposal Income | -2,900 | -62,000 | -- | 8,100 | -- |
| Asset Impairment Loss | 13.1M | 14.7M | 4.6M | 346,900 | -106,800 |
| Other Income | 600,300 | 330,900 | 981,300 | 1.2M | 2.1M |
| Income Before Tax | -7.0M | -20.6M | 93.8M | 84.7M | 32.5M |
| Income Tax | 19.0M | 10.5M | 29.6M | 28.8M | 7.6M |
| Net Income | -26.1M | -31.0M | 64.1M | 55.8M | 24.9M |
| Net Margin % | -0.6% | -0.9% | 2.1% | 1.9% | 3.6% |
| Net Income Attributable | -62.0M | -60.1M | 14.9M | 3.2M | 10.1M |
| Minority Interest | 35.9M | 29.0M | 49.2M | 52.6M | 14.7M |
| Eps Basic | -0.08 | -0.07 | 0.02 | 0.00 | 0.01 |
| Eps Diluted | -0.08 | -0.07 | 0.02 | 0.00 | 0.01 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 30.6M | 16.6M | 13.9M | 20.1M | 319.0M |
| Trading Financial Assets | -- | -- | 29.8M | -- | -- |
| Accounts Receivable | 1.1B | 1.1B | 1.2B | 748.0M | 541.0M |
| Notes Receivable | 32.7M | 6.2M | 39.5M | 9.5M | 16.3M |
| Notes And Accounts Receivable | 1.1B | 1.1B | 1.2B | 758.0M | 557.0M |
| Prepayments | 11.0M | 23.0M | 15.1M | 11.5M | 28.4M |
| Inventory | 170.0M | 396.0M | 208.0M | 228.0M | 87.5M |
| Total Current Assets | 1.3B | 1.5B | 1.5B | 1.0B | 1.0B |
| Long Term Equity Investment | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 3.4M | 3.8M | 4.5M | 3.9M |
| Fixed Assets Total | 3.3M | 3.4M | 3.8M | 4.5M | 3.9M |
| Construction In Progress | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | -- |
| Intangible Assets | 10.6M | 11.7M | 9.7M | 1.8M | 515,900 |
| Long Term Deferred Expenses | 217,500 | 461,200 | 637,400 | 1.3M | 595,400 |
| Total Non Current Assets | 459.0M | 472.0M | 474.0M | 471.0M | 461.0M |
| Total Assets | 1.8B | 2.0B | 2.0B | 1.5B | 1.5B |
| Short Term Borrowings | 341.0M | 367.0M | 235.0M | 200.0M | 355.0M |
| Accounts Payable | 294.0M | 389.0M | 520.0M | 291.0M | 141.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 607,900 | 12.6M | 3.3M | 1.3M | 630,400 |
| Total Current Liabilities | 1.3B | 1.6B | 1.6B | 1.3B | 1.3B |
| Long Term Borrowings | 68.1M | 75.1M | -- | -- | -- |
| Total Non Current Liabilities | 69.0M | 77.2M | 1.6M | 5.4M | 7.0M |
| Total Liabilities | 1.4B | 1.7B | 1.6B | 1.3B | 1.3B |
| Paid In Capital | 313.0M | 323.0M | 290.0M | 290.0M | 290.0M |
| Capital Reserve | 482.0M | 459.0M | 377.0M | 355.0M | 338.0M |
| Surplus Reserve | -- | -- | -- | -- | -- |
| Retained Earnings | -718.0M | -657.0M | -596.0M | -611.0M | -615.0M |
| Minority Equity | 349.0M | 299.0M | 265.0M | 202.0M | 153.0M |
| Equity Attributable | 47.3M | 37.2M | 82.3M | 32.7M | 15.8M |
| Total Equity | 396.0M | 336.0M | 348.0M | 235.0M | 169.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 4.0B | 3.7B | 2.5B | 2.3B | 1.0B |
| Tax Refunds Received | 1.5M | 1.1M | 2.2M | 746,000 | 323,800 |
| Total Operating Cash Inflow | 4.0B | 3.7B | 2.5B | 2.3B | 1.0B |
| Cash Paid For Goods | 3.7B | 3.7B | 2.5B | 2.2B | 1.1B |
| Cash Paid To Employees | 52.9M | 57.8M | 51.5M | 54.1M | 22.3M |
| Taxes Paid | 19.1M | 39.9M | 29.1M | 66.5M | 5.5M |
| Total Operating Cash Outflow | 3.8B | 3.8B | 2.7B | 2.4B | 1.1B |
| Operating Cash Flow | 210.0M | -143.0M | -133.0M | -135.0M | -99.8M |
| Total Investing Cash Inflow | 946,300 | 6.0M | -- | 2,229 | 1.5B |
| Total Investing Cash Outflow | 2.2M | 85.5M | 87.3M | 73.8M | 306.0M |
| Investing Cash Flow | -1.2M | -79.4M | -87.3M | -73.8M | 1.1B |
| Cash From Borrowings | 783.0M | 1.0B | 1.1B | 655.0M | 81.9M |
| Dividends And Interest Paid | 54.6M | 19.6M | 8.2M | 5.4M | 92.8M |
| Debt Repayments | 817.0M | 805.0M | 1.0B | 581.0M | 1.4B |
| Total Financing Cash Inflow | 957.0M | 1.2B | 1.3B | 789.0M | 690.0M |
| Total Financing Cash Outflow | 1.1B | 1.0B | 1.1B | 644.0M | 1.7B |
| Financing Cash Flow | -191.0M | 212.0M | 160.0M | 146.0M | -963.0M |
| Net Change In Cash | 14.0M | 2.8M | -6.3M | -69.2M | 80.4M |
| Ending Cash Balance | 30.6M | 16.6M | 13.9M | 20.1M | 89.4M |
| Capex | 2.2M | 6.5M | 410,700 | 2.7M | 224,000 |