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 | 678.0M | 358.0M | 620.0M | 1.2B | 872.0M |
| Revenue Growth % | 89.4% | -42.3% | -46.1% | 32.0% | -- |
| Total Revenue | 678.0M | 358.0M | 620.0M | 1.2B | 872.0M |
| Cost Of Revenue | 470.0M | 291.0M | 501.0M | 934.0M | 632.0M |
| Gross Profit | 208.0M | 67.0M | 119.0M | 217.0M | 240.0M |
| Gross Margin % | 30.7% | 18.7% | 19.2% | 18.9% | 27.5% |
| Total Operating Cost | 751.0M | 562.0M | 766.0M | 1.1B | 847.0M |
| Selling Expenses | 5.9M | 9.4M | 8.5M | 8.1M | 7.6M |
| Admin Expenses | 108.0M | 114.0M | 96.0M | 106.0M | 97.1M |
| Rd Expenses | 34.1M | 20.3M | 17.0M | 19.7M | 12.4M |
| Finance Expenses | 105.0M | 103.0M | 111.0M | 86.7M | 91.0M |
| Operating Income | -73.1M | -224.0M | -87.4M | 23.4M | 25.7M |
| Operating Margin % | -10.8% | -62.6% | -14.1% | 2.0% | 3.0% |
| Non Operating Income | 15.3M | 13.5M | 2.4M | 8.9M | 6.3M |
| Non Operating Expenses | 197.0M | 66.0M | 19.1M | 13.3M | 2.1M |
| Investment Income | -3.7M | -24.0M | 54.8M | -3.0M | -2.4M |
| Fair Value Change Income | 2.3M | -- | -- | -- | -- |
| Asset Disposal Income | -52,600 | 2.2M | 371,700 | 766,900 | 168,500 |
| Asset Impairment Loss | -256,000 | 7.0M | 3.7M | 2.7M | 2.8M |
| Other Income | 1.9M | 2.1M | 3.3M | 1.4M | 3.9M |
| Income Before Tax | -254.0M | -276.0M | -104.0M | 19.0M | 30.0M |
| Income Tax | 4.7M | 1.0M | 2.1M | 4.3M | 10.0M |
| Net Income | -259.0M | -277.0M | -106.0M | 14.7M | 20.0M |
| Net Margin % | -38.2% | -77.4% | -17.1% | 1.3% | 2.3% |
| Net Income Attributable | -249.0M | -255.0M | -103.0M | 8.6M | 16.4M |
| Minority Interest | -10.0M | -22.1M | -3.5M | 6.2M | 3.5M |
| Eps Basic | -1.34 | -1.37 | -0.55 | 0.05 | 0.09 |
| Eps Diluted | -1.34 | -1.37 | -0.55 | 0.05 | 0.09 |
| 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 | 177.0M | 142.0M | 302.0M | 78.2M | 241.0M |
| Accounts Receivable | 514.0M | 654.0M | 664.0M | 596.0M | 369.0M |
| Notes Receivable | 16.8M | -- | 92,900 | -- | 1.7M |
| Notes And Accounts Receivable | 531.0M | 654.0M | 664.0M | 596.0M | 371.0M |
| Prepayments | 9.9M | 17.9M | 8.2M | 7.3M | 18.5M |
| Inventory | 86.0M | 105.0M | 124.0M | 138.0M | 159.0M |
| Total Current Assets | 972.0M | 1.1B | 1.3B | 1.0B | 947.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 366.0M | 459.0M | 495.0M | 547.0M |
| Fixed Assets Total | 421.0M | 366.0M | 459.0M | 495.0M | 547.0M |
| Construction In Progress | -- | 19.5M | 599,100 | -- | 16.2M |
| Construction In Progress Total | 17.2M | 19.5M | 599,100 | -- | 16.2M |
| Intangible Assets | 287.0M | 254.0M | 300.0M | 304.0M | 206.0M |
| Long Term Deferred Expenses | 31.1M | 22.5M | 24.6M | 37.9M | 68.2M |
| Total Non Current Assets | 3.0B | 3.0B | 3.0B | 3.0B | 2.9B |
| Total Assets | 4.0B | 4.1B | 4.3B | 4.0B | 3.8B |
| Short Term Borrowings | 89.8M | 122.0M | 406.0M | 324.0M | 95.4M |
| Accounts Payable | 543.0M | 532.0M | 582.0M | 624.0M | 499.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 39.1M | 53.8M | 34.9M | 25.7M | 110.0M |
| Total Current Liabilities | 1.8B | 1.8B | 2.3B | 1.8B | 1.7B |
| Long Term Borrowings | 1.3B | 1.3B | 942.0M | 1.0B | 985.0M |
| Total Non Current Liabilities | 1.7B | 1.5B | 1.1B | 1.2B | 1.1B |
| Total Liabilities | 3.5B | 3.3B | 3.3B | 3.0B | 2.8B |
| Paid In Capital | 186.0M | 186.0M | 186.0M | 186.0M | 186.0M |
| Capital Reserve | 456.0M | 456.0M | 456.0M | 456.0M | 453.0M |
| Surplus Reserve | 35.8M | 35.8M | 35.8M | 35.8M | 31.4M |
| Retained Earnings | -412.0M | -162.0M | 92.6M | 197.0M | 195.0M |
| Minority Equity | 131.0M | 141.0M | 162.0M | 173.0M | 174.0M |
| Equity Attributable | 381.0M | 626.0M | 770.0M | 875.0M | 865.0M |
| Total Equity | 512.0M | 767.0M | 933.0M | 1.0B | 1.0B |
| 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 | 901.0M | 415.0M | 578.0M | 790.0M | 659.0M |
| Tax Refunds Received | 4,400 | 134,000 | 9.6M | 589,500 | -- |
| Total Operating Cash Inflow | 991.0M | 579.0M | 682.0M | 834.0M | 781.0M |
| Cash Paid For Goods | 609.0M | 392.0M | 269.0M | 678.0M | 354.0M |
| Cash Paid To Employees | 77.1M | 84.7M | 102.0M | 102.0M | 87.0M |
| Taxes Paid | 32.7M | 38.7M | 43.9M | 46.2M | 37.4M |
| Total Operating Cash Outflow | 992.0M | 771.0M | 626.0M | 911.0M | 592.0M |
| Operating Cash Flow | -756,000 | -191.0M | 56.1M | -77.0M | 189.0M |
| Total Investing Cash Inflow | 0.00 | 19.6M | 70.6M | 3.6M | 1.3M |
| Total Investing Cash Outflow | 27.0M | 44.5M | 25.4M | 36.7M | 427.0M |
| Investing Cash Flow | -27.0M | -24.8M | 45.2M | -33.1M | -425.0M |
| Cash From Borrowings | 175.0M | 724.0M | 622.0M | 462.0M | 379.0M |
| Dividends And Interest Paid | 73.8M | 99.2M | 104.0M | 91.5M | 94.8M |
| Debt Repayments | 223.0M | 640.0M | 498.0M | 381.0M | 274.0M |
| Total Financing Cash Inflow | 651.0M | 1.2B | 873.0M | 804.0M | 770.0M |
| Total Financing Cash Outflow | 543.0M | 1.0B | 912.0M | 872.0M | 601.0M |
| Financing Cash Flow | 108.0M | 143.0M | -38.7M | -67.7M | 169.0M |
| Net Change In Cash | 80.4M | -73.2M | 62.6M | -178.0M | -67.6M |
| Ending Cash Balance | 98.8M | 18.4M | 91.6M | 29.0M | 207.0M |
| Capex | 27.0M | 44.5M | 25.4M | 36.1M | 56.3M |