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 | 666.0M | 780.0M | 485.0M | 519.0M | 411.0M |
| Revenue Growth % | -14.6% | 60.8% | -6.6% | 26.3% | -- |
| Total Revenue | 666.0M | 780.0M | 485.0M | 519.0M | 411.0M |
| Cost Of Revenue | 656.0M | 626.0M | 423.0M | 416.0M | 293.0M |
| Gross Profit | 10.0M | 154.0M | 62.0M | 103.0M | 118.0M |
| Gross Margin % | 1.5% | 19.7% | 12.8% | 19.8% | 28.7% |
| Total Operating Cost | 807.0M | 903.0M | 717.0M | 701.0M | 523.0M |
| Selling Expenses | 30.2M | 194.0M | 230.0M | 219.0M | 170.0M |
| Admin Expenses | 78.1M | 47.6M | 27.9M | 32.1M | 41.9M |
| Finance Expenses | 31.2M | 29.5M | 28.4M | 26.4M | 8.6M |
| Operating Income | -129.0M | -115.0M | -221.0M | -170.0M | 8.8M |
| Operating Margin % | -19.4% | -14.7% | -45.6% | -32.8% | 2.1% |
| Non Operating Income | 1.3M | 1.6M | 726,200 | 7.7M | 1.3M |
| Non Operating Expenses | 763,000 | 686,800 | 862,400 | 7.3M | 1.4M |
| Investment Income | 1.0M | 1.6M | -624,700 | -- | -- |
| Fair Value Change Income | -- | -- | -- | -- | -- |
| Asset Disposal Income | 1.2M | 287,700 | 401,000 | 38,100 | 390,900 |
| Asset Impairment Loss | 66,800 | 20,500 | 89,300 | 283,100 | 5,300 |
| Other Income | 9.8M | 6.7M | 11.5M | 11.1M | 121.0M |
| Income Before Tax | -128.0M | -114.0M | -221.0M | -170.0M | 8.8M |
| Income Tax | 1.2M | 5.6M | -570,100 | 1.5M | 1.1M |
| Net Income | -130.0M | -119.0M | -221.0M | -171.0M | 7.7M |
| Net Margin % | -19.5% | -15.3% | -45.6% | -32.9% | 1.9% |
| Net Income Attributable | -128.0M | -118.0M | -221.0M | -169.0M | 9.0M |
| Minority Interest | -1.6M | -1.3M | -61,800 | -2.8M | -1.3M |
| Eps Basic | -0.22 | -0.21 | -0.39 | -0.34 | 0.02 |
| Eps Diluted | -0.22 | -0.21 | -0.39 | -0.34 | 0.02 |
| 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 | 91.7M | 61.9M | 86.1M | 52.1M | 276.0M |
| Trading Financial Assets | -- | -- | -- | -- | -- |
| Accounts Receivable | 50.3M | 58.5M | 61.6M | 42.3M | 26.0M |
| Notes Receivable | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 50.3M | 58.5M | 61.6M | 42.3M | 26.0M |
| Prepayments | 5.9M | 7.2M | 7.7M | 6.7M | 11.0M |
| Inventory | 47.9M | 51.1M | 43.4M | 34.8M | 30.0M |
| Total Current Assets | 216.0M | 213.0M | 225.0M | 177.0M | 383.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 320.0M | 305.0M | 306.0M | 288.0M |
| Fixed Assets Total | 475.0M | 320.0M | 305.0M | 306.0M | 288.0M |
| Construction In Progress | -- | 166.0M | 178.0M | 170.0M | 307.0M |
| Construction In Progress Total | -- | 166.0M | 178.0M | 170.0M | 307.0M |
| Intangible Assets | 220.0M | 228.0M | 235.0M | 238.0M | 20.3M |
| Long Term Deferred Expenses | 112.0M | 151.0M | 184.0M | 125.0M | 61.7M |
| Total Non Current Assets | 1.2B | 1.3B | 1.4B | 1.4B | 873.0M |
| Total Assets | 1.4B | 1.6B | 1.7B | 1.6B | 1.3B |
| Short Term Borrowings | 428.0M | 402.0M | 330.0M | 348.0M | 260.0M |
| Accounts Payable | 208.0M | 226.0M | 268.0M | 236.0M | 118.0M |
| Advance Receipts | 3.1M | 2.8M | 2.4M | 4.4M | 3.7M |
| Contract Liabilities | 19.2M | 16.9M | 14.6M | 11.9M | 13.0M |
| Total Current Liabilities | 930.0M | 865.0M | 857.0M | 837.0M | 553.0M |
| Long Term Borrowings | 36.3M | 41.7M | 3.7M | 3.7M | 53.8M |
| Total Non Current Liabilities | 160.0M | 257.0M | 265.0M | 259.0M | 74.2M |
| Total Liabilities | 1.1B | 1.1B | 1.1B | 1.1B | 627.0M |
| Paid In Capital | 574.0M | 574.0M | 574.0M | 499.0M | 499.0M |
| Capital Reserve | 293.0M | 284.0M | 284.0M | 58.4M | 58.4M |
| Surplus Reserve | 55.9M | 55.9M | 55.9M | 55.9M | 55.9M |
| Retained Earnings | -621.0M | -493.0M | -375.0M | -155.0M | 14.0M |
| Minority Equity | 4.0M | 5.6M | 4.4M | 4.2M | 2.2M |
| Equity Attributable | 302.0M | 422.0M | 540.0M | 459.0M | 627.0M |
| Total Equity | 306.0M | 427.0M | 544.0M | 463.0M | 630.0M |
| 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 | 709.0M | 836.0M | 503.0M | 524.0M | 393.0M |
| Tax Refunds Received | 11.6M | 1.8M | 26.5M | 179,100 | -- |
| Total Operating Cash Inflow | 743.0M | 851.0M | 548.0M | 627.0M | 505.0M |
| Cash Paid For Goods | 322.0M | 370.0M | 241.0M | 240.0M | 168.0M |
| Cash Paid To Employees | 279.0M | 300.0M | 242.0M | 243.0M | 165.0M |
| Taxes Paid | 13.0M | 15.8M | 11.4M | 19.1M | 11.0M |
| Total Operating Cash Outflow | 642.0M | 775.0M | 585.0M | 589.0M | 472.0M |
| Operating Cash Flow | 101.0M | 76.7M | -37.8M | 38.3M | 33.6M |
| Total Investing Cash Inflow | 1.4M | 90,500 | 207,200 | 295,400 | 22.9M |
| Total Investing Cash Outflow | 26.2M | 135.0M | 100.0M | 252.0M | 76.1M |
| Investing Cash Flow | -24.8M | -135.0M | -99.9M | -252.0M | -53.2M |
| Cash From Borrowings | 527.0M | 541.0M | 360.0M | 398.0M | 390.0M |
| Dividends And Interest Paid | 20.2M | 17.1M | 17.2M | 15.2M | 11.2M |
| Debt Repayments | 494.0M | 430.0M | 428.0M | 347.0M | 303.0M |
| Total Financing Cash Inflow | 527.0M | 541.0M | 660.0M | 401.0M | 393.0M |
| Total Financing Cash Outflow | 572.0M | 507.0M | 489.0M | 412.0M | 314.0M |
| Financing Cash Flow | -45.5M | 34.2M | 171.0M | -10.6M | 78.9M |
| Net Change In Cash | 30.3M | -23.8M | 33.2M | -224.0M | 59.3M |
| Ending Cash Balance | 88.4M | 58.2M | 82.0M | 48.7M | 273.0M |
| Capex | 26.2M | 135.0M | 100.0M | 252.0M | 76.1M |