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 | 295.0M | 191.0M | 130.0M | 317.0M | 272.0M |
| Revenue Growth % | 54.5% | 46.9% | -59.0% | 16.5% | -- |
| Total Revenue | 295.0M | 191.0M | 130.0M | 317.0M | 272.0M |
| Cost Of Revenue | 271.0M | 190.0M | 66.7M | 209.0M | 179.0M |
| Gross Profit | 24.0M | 1.0M | 63.3M | 108.0M | 93.0M |
| Gross Margin % | 8.1% | 0.5% | 48.7% | 34.1% | 34.2% |
| Total Operating Cost | 355.0M | 296.0M | 158.0M | 313.0M | 288.0M |
| Selling Expenses | 24.7M | 29.6M | 45.8M | 57.9M | 35.7M |
| Admin Expenses | 28.4M | 63.4M | 35.0M | 41.4M | 66.7M |
| Rd Expenses | -- | 544,400 | 1.7M | 4.1M | 3.3M |
| Finance Expenses | 7.4M | 4.0M | -408,600 | -191,300 | -367,300 |
| Operating Income | -49.2M | -46.9M | -22.8M | 11.4M | -9.1M |
| Operating Margin % | -16.7% | -24.6% | -17.5% | 3.6% | -3.3% |
| Non Operating Income | 118,500 | 67,500 | 57,700 | 196,900 | 1.8M |
| Non Operating Expenses | 3.1M | 27.3M | 1.8M | 900,200 | 3.1M |
| Investment Income | 4.1M | 2.0M | 711,300 | 3.6M | -- |
| Asset Disposal Income | -- | 5,300 | -126,000 | -231,700 | 2.4M |
| Asset Impairment Loss | 19.8M | 5.3M | 11.3M | -- | -- |
| Other Income | 6.7M | 56.5M | 4.4M | 4.3M | 4.8M |
| Income Before Tax | -52.1M | -74.1M | -24.5M | 10.7M | -10.3M |
| Income Tax | 1.1M | -1.5M | 105,100 | 5.9M | 720,200 |
| Net Income | -53.2M | -72.6M | -24.6M | 4.8M | -11.1M |
| Net Margin % | -18.0% | -38.0% | -19.0% | 1.5% | -4.1% |
| Net Income Attributable | -33.3M | -60.6M | -24.8M | 4.7M | -11.4M |
| Minority Interest | -19.9M | -12.0M | 144,300 | 57,300 | 281,500 |
| Eps Basic | -0.04 | -0.07 | -0.03 | 0.01 | -0.01 |
| Eps Diluted | -0.04 | -0.07 | -0.03 | 0.01 | -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 | 9.8M | 34.8M | 103.0M | 38.3M | 119.0M |
| Trading Financial Assets | -- | 3.0M | 2.0M | 50.0M | -- |
| Accounts Receivable | 16.5M | 13.3M | 16.4M | 5.9M | 14.5M |
| Notes Receivable | 43.8M | 125,200 | -- | -- | 304,400 |
| Notes And Accounts Receivable | 60.3M | 13.4M | 16.4M | 5.9M | 14.8M |
| Prepayments | 1.7M | 2.0M | 2.8M | 13.8M | 2.7M |
| Inventory | 50.4M | 298,000 | 324,300 | 235,900 | 754,500 |
| Total Current Assets | 196.0M | 122.0M | 161.0M | 150.0M | 186.0M |
| Long Term Equity Investment | -- | -- | 4.3M | 4.1M | -- |
| Fixed Assets | -- | 27.4M | 2.4M | 2.8M | 8.4M |
| Fixed Assets Total | 111.0M | 27.4M | 2.4M | 2.8M | 8.4M |
| Construction In Progress | -- | 399.0M | -- | -- | -- |
| Construction In Progress Total | 366.0M | 399.0M | -- | -- | -- |
| Intangible Assets | 36.9M | 37.6M | 306,000 | 504,900 | 9,996 |
| Long Term Deferred Expenses | 6.0M | 7.4M | 5.8M | 3.6M | 4.0M |
| Total Non Current Assets | 648.0M | 653.0M | 36.3M | 34.6M | 30.1M |
| Total Assets | 844.0M | 775.0M | 198.0M | 185.0M | 216.0M |
| Short Term Borrowings | 1.3M | 12.1M | 3.0M | -- | -- |
| Accounts Payable | 19.8M | 26.8M | 20.3M | 17.1M | 51.2M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 53.3M | 5.1M | 5.5M | 3.1M | 4.0M |
| Total Current Liabilities | 624.0M | 527.0M | 127.0M | 90.3M | 170.0M |
| Long Term Borrowings | 28.0M | -- | -- | -- | -- |
| Total Non Current Liabilities | 125.0M | 96.6M | 5.9M | 5.5M | 4.8M |
| Total Liabilities | 749.0M | 623.0M | 133.0M | 95.7M | 175.0M |
| Paid In Capital | 870.0M | 870.0M | 860.0M | 840.0M | 840.0M |
| Capital Reserve | 479.0M | 485.0M | 457.0M | 436.0M | 431.0M |
| Surplus Reserve | 34.7M | 34.7M | 34.7M | 34.7M | 34.7M |
| Retained Earnings | -1.3B | -1.3B | -1.2B | -1.2B | -1.2B |
| Minority Equity | 113.0M | 131.0M | -77,500 | -221,800 | -279,100 |
| Equity Attributable | -18.0M | 20.7M | 64.5M | 89.3M | 41.1M |
| Total Equity | 95.5M | 151.0M | 64.4M | 89.0M | 40.9M |
| 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 | 307.0M | 187.0M | 126.0M | 397.0M | 323.0M |
| Tax Refunds Received | -- | 350,200 | 2.1M | 86,100 | 99,000 |
| Total Operating Cash Inflow | 349.0M | 288.0M | 178.0M | 436.0M | 358.0M |
| Cash Paid For Goods | 233.0M | 165.0M | 61.3M | 315.0M | 224.0M |
| Cash Paid To Employees | 30.4M | 42.1M | 52.5M | 63.8M | 39.6M |
| Taxes Paid | 1.5M | 2.3M | 3.7M | 13.7M | 3.2M |
| Total Operating Cash Outflow | 324.0M | 280.0M | 202.0M | 475.0M | 344.0M |
| Operating Cash Flow | 25.2M | 8.0M | -23.8M | -39.2M | 14.7M |
| Total Investing Cash Inflow | 44.1M | 66.8M | 55.7M | 77.9M | 2.7M |
| Total Investing Cash Outflow | 78.5M | 380.0M | 7.6M | 118.0M | 1.9M |
| Investing Cash Flow | -34.4M | -313.0M | 48.1M | -39.7M | 856,300 |
| Cash From Borrowings | 83.0M | 33.9M | 17.9M | 2.7M | 3.4M |
| Dividends And Interest Paid | 9.6M | 1.6M | 75,500 | 105,100 | 15,200 |
| Debt Repayments | 66.9M | 25.9M | 15.9M | 4.4M | 3.9M |
| Total Financing Cash Inflow | 168.0M | 383.0M | 58.6M | 6.0M | 88.0M |
| Total Financing Cash Outflow | 184.0M | 146.0M | 18.2M | 7.9M | 8.6M |
| Financing Cash Flow | -16.2M | 237.0M | 40.4M | -1.9M | 79.4M |
| Net Change In Cash | -25.4M | -67.5M | 64.8M | -80.7M | 94.9M |
| Ending Cash Balance | 9.2M | 34.6M | 102.0M | 37.3M | 118.0M |
| Capex | 47.5M | 300.0M | 2.1M | 721,800 | 1.6M |