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 | 1.9B | 2.1B | 2.7B | 2.0B | 1.1B |
| Revenue Growth % | -10.6% | -22.2% | 32.6% | 82.4% | -- |
| Total Revenue | 1.9B | 2.1B | 2.7B | 2.0B | 1.1B |
| Cost Of Revenue | 1.8B | 1.9B | 2.1B | 1.7B | 980.0M |
| Gross Profit | 68.0M | 204.0M | 579.0M | 342.0M | 142.0M |
| Gross Margin % | 3.6% | 9.7% | 21.3% | 16.7% | 12.7% |
| Total Operating Cost | 1.9B | 2.1B | 2.3B | 1.8B | 1.1B |
| Selling Expenses | 12.5M | 15.4M | 12.5M | 12.8M | 10.3M |
| Admin Expenses | 32.3M | 28.8M | 50.5M | 23.4M | 15.6M |
| Rd Expenses | 58.8M | 77.8M | 93.9M | 67.2M | 37.5M |
| Finance Expenses | -11.0M | -7.7M | -15.4M | 2.5M | 1.6M |
| Operating Income | -24.2M | 53.1M | 411.0M | 219.0M | 78.6M |
| Operating Margin % | -1.3% | 2.5% | 15.1% | 10.7% | 7.0% |
| Non Operating Income | 336,100 | 480,000 | 668,800 | 369,400 | 440,500 |
| Non Operating Expenses | 13.3M | 2.1M | 9.9M | 1.1M | 3.5M |
| Investment Income | -391,700 | -1.5M | -5.5M | 1.2M | 2.1M |
| Fair Value Change Income | -- | 50,700 | -50,700 | -297,400 | 297,400 |
| Asset Disposal Income | -232,700 | 11,600 | -4.9M | -6.7M | -- |
| Asset Impairment Loss | 1.5M | 23.0M | 2.9M | -71,300 | 1.9M |
| Other Income | 15.1M | 2.2M | 6.8M | 3.1M | 10.6M |
| Income Before Tax | -37.2M | 51.5M | 402.0M | 219.0M | 75.5M |
| Income Tax | -1.8M | -5.8M | 31.7M | 16.4M | 5.2M |
| Net Income | -35.4M | 57.3M | 370.0M | 202.0M | 70.3M |
| Net Margin % | -1.9% | 2.7% | 13.6% | 9.9% | 6.3% |
| Net Income Attributable | 11.3M | 64.5M | 268.0M | 185.0M | 65.1M |
| Minority Interest | -46.6M | -7.2M | 102.0M | 16.9M | 5.2M |
| Eps Basic | 0.05 | 0.30 | 1.25 | 0.86 | 0.30 |
| Eps Diluted | 0.05 | 0.30 | 1.25 | 0.86 | 0.30 |
| 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 | 456.0M | 571.0M | 506.0M | 225.0M | 134.0M |
| Accounts Receivable | 262.0M | 139.0M | 131.0M | 84.6M | 60.5M |
| Notes Receivable | 143.0M | 108.0M | 49.4M | 123.0M | 43.6M |
| Notes And Accounts Receivable | 405.0M | 248.0M | 180.0M | 207.0M | 104.0M |
| Prepayments | 32.2M | 11.6M | 20.8M | 8.7M | 16.7M |
| Inventory | 238.0M | 166.0M | 174.0M | 166.0M | 90.7M |
| Total Current Assets | 1.2B | 1.1B | 1.1B | 792.0M | 459.0M |
| Fixed Assets | -- | 831.0M | 649.0M | 513.0M | 464.0M |
| Fixed Assets Total | 818.0M | 831.0M | 649.0M | 513.0M | 464.0M |
| Construction In Progress | -- | 5.1M | 66.7M | 25.2M | 43.8M |
| Construction In Progress Total | 15.3M | 5.1M | 66.7M | 25.2M | 43.8M |
| Intangible Assets | 34.6M | 36.0M | 35.6M | 36.7M | 37.8M |
| Total Non Current Assets | 894.0M | 889.0M | 773.0M | 585.0M | 560.0M |
| Total Assets | 2.1B | 2.0B | 1.9B | 1.4B | 1.0B |
| Short Term Borrowings | 81.6M | 50.0M | 20.0M | 27.5M | 13.5M |
| Accounts Payable | 225.0M | 253.0M | 243.0M | 201.0M | 122.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 26.3M | 24.3M | 51.4M | 60.9M | 39.0M |
| Total Current Liabilities | 701.0M | 590.0M | 527.0M | 380.0M | 219.0M |
| Long Term Borrowings | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 21.9M | 9.9M | 8.9M | 8.4M | 9.4M |
| Total Liabilities | 722.0M | 600.0M | 536.0M | 388.0M | 228.0M |
| Paid In Capital | 215.0M | 215.0M | 215.0M | 215.0M | 215.0M |
| Capital Reserve | 354.0M | 353.0M | 351.0M | 348.0M | 350.0M |
| Surplus Reserve | 71.9M | 66.3M | 58.1M | 48.9M | 34.6M |
| Retained Earnings | 531.0M | 547.0M | 534.0M | 307.0M | 158.0M |
| Minority Equity | 201.0M | 229.0M | 218.0M | 70.3M | 33.1M |
| Equity Attributable | 1.2B | 1.2B | 1.2B | 919.0M | 758.0M |
| Total Equity | 1.4B | 1.4B | 1.4B | 989.0M | 791.0M |
| 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 | 1.2B | 1.3B | 1.3B | 853.0M | 572.0M |
| Tax Refunds Received | 30.1M | -- | -- | 350,200 | -- |
| Total Operating Cash Inflow | 1.2B | 1.3B | 1.3B | 856.0M | 583.0M |
| Cash Paid For Goods | 1.1B | 1.0B | 743.0M | 578.0M | 416.0M |
| Cash Paid To Employees | 123.0M | 143.0M | 121.0M | 97.6M | 69.5M |
| Taxes Paid | 36.3M | 75.7M | 135.0M | 73.1M | 51.5M |
| Total Operating Cash Outflow | 1.3B | 1.2B | 1.0B | 763.0M | 550.0M |
| Operating Cash Flow | -91.1M | 26.2M | 324.0M | 92.8M | 32.7M |
| Total Investing Cash Inflow | 8.7M | 11.1M | 4.1M | 7.3M | 894,400 |
| Total Investing Cash Outflow | 22.9M | 12.3M | 62.2M | 13.6M | 7.4M |
| Investing Cash Flow | -14.2M | -1.3M | -58.0M | -6.3M | -6.5M |
| Cash From Borrowings | 81.6M | 50.0M | 60.0M | 57.5M | 18.4M |
| Dividends And Interest Paid | 22.8M | 56.8M | 40.1M | 22.7M | 12.4M |
| Debt Repayments | 50.0M | 20.0M | 67.5M | 43.5M | 10.0M |
| Total Financing Cash Inflow | 99.1M | 80.1M | 112.0M | 75.2M | 27.4M |
| Total Financing Cash Outflow | 73.8M | 77.5M | 108.0M | 66.2M | 22.4M |
| Financing Cash Flow | 25.3M | 2.6M | 4.0M | 9.0M | 5.0M |
| Net Change In Cash | -75.7M | 28.9M | 278.0M | 94.2M | 30.1M |
| Ending Cash Balance | 454.0M | 530.0M | 501.0M | 223.0M | 129.0M |
| Capex | 22.9M | 12.3M | 54.1M | 13.6M | 5.1M |