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 | 1.3B | 1.1B | 957.0M | 783.0M |
| Revenue Growth % | 39.8% | 18.2% | 17.5% | 22.2% | -- |
| Total Revenue | 1.9B | 1.3B | 1.1B | 957.0M | 783.0M |
| Cost Of Revenue | 1.7B | 1.1B | 943.0M | 793.0M | 643.0M |
| Gross Profit | 201.0M | 205.0M | 181.0M | 164.0M | 140.0M |
| Gross Margin % | 10.8% | 15.4% | 16.1% | 17.1% | 17.9% |
| Total Operating Cost | 2.0B | 1.4B | 1.2B | 970.0M | 812.0M |
| Selling Expenses | 33.6M | 30.3M | 24.3M | 21.7M | 14.7M |
| Admin Expenses | 150.0M | 135.0M | 111.0M | 104.0M | 88.5M |
| Rd Expenses | 13.8M | 17.3M | 8.3M | 2.4M | 2.3M |
| Finance Expenses | 39.7M | 73.6M | 34.3M | 11.6M | 7.1M |
| Operating Income | -169.0M | -108.0M | -113.0M | 17.8M | 14.3M |
| Operating Margin % | -9.1% | -8.1% | -10.1% | 1.9% | 1.8% |
| Non Operating Income | 5.2M | 2.5M | 1.3M | 3.0M | 2.3M |
| Non Operating Expenses | 13.5M | 2.9M | 705,600 | 575,700 | 8.1M |
| Investment Income | -9.7M | 8.9M | -13.9M | 31.7M | 8.7M |
| Fair Value Change Income | -29.3M | 559,200 | -23.6M | -9.7M | 30.2M |
| Asset Disposal Income | -1.9M | -42,300 | 78,200 | 539,600 | -95,700 |
| Asset Impairment Loss | 56.4M | 43.9M | 41.8M | 30.0M | 15.0M |
| Other Income | 5.5M | 4.0M | 6.1M | 7.5M | 3.8M |
| Income Before Tax | -177.0M | -108.0M | -113.0M | 20.1M | 8.5M |
| Income Tax | 2.7M | 1.4M | 1.7M | 12.9M | 4.7M |
| Net Income | -180.0M | -109.0M | -115.0M | 7.2M | 3.8M |
| Net Margin % | -9.7% | -8.2% | -10.2% | 0.8% | 0.5% |
| Net Income Attributable | -173.0M | -85.5M | -110.0M | 8.7M | 5.1M |
| Minority Interest | -6.6M | -23.8M | -4.7M | -1.5M | -1.4M |
| Eps Basic | -0.44 | -0.22 | -0.28 | 0.02 | 0.01 |
| Eps Diluted | -0.44 | -0.22 | -0.28 | 0.02 | 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 | 181.0M | 185.0M | 161.0M | 235.0M | 261.0M |
| Trading Financial Assets | -- | -- | -- | -- | -- |
| Accounts Receivable | 163.0M | 124.0M | 121.0M | 117.0M | 110.0M |
| Notes Receivable | 130.0M | 58.0M | 52.8M | 48.3M | 30.3M |
| Notes And Accounts Receivable | 293.0M | 182.0M | 173.0M | 165.0M | 140.0M |
| Prepayments | 19.2M | 18.7M | 11.1M | 9.6M | 8.8M |
| Inventory | 644.0M | 485.0M | 532.0M | 443.0M | 314.0M |
| Total Current Assets | 1.2B | 933.0M | 929.0M | 898.0M | 758.0M |
| Long Term Equity Investment | 171.0M | 199.0M | 205.0M | 257.0M | 259.0M |
| Fixed Assets | -- | 860.0M | 909.0M | 527.0M | 474.0M |
| Fixed Assets Total | 1.5B | 860.0M | 909.0M | 527.0M | 474.0M |
| Construction In Progress | -- | 525.0M | 259.0M | 405.0M | 134.0M |
| Construction In Progress Total | 145.0M | 526.0M | 267.0M | 438.0M | 187.0M |
| Intangible Assets | 251.0M | 257.0M | 265.0M | 173.0M | 76.1M |
| Long Term Deferred Expenses | 991,400 | 2.6M | 3.4M | 4.7M | 683,600 |
| Total Non Current Assets | 2.2B | 2.1B | 1.9B | 1.7B | 1.2B |
| Total Assets | 3.4B | 3.1B | 2.8B | 2.6B | 2.0B |
| Short Term Borrowings | 329.0M | 326.0M | 271.0M | 129.0M | 129.0M |
| Accounts Payable | 783.0M | 540.0M | 456.0M | 327.0M | 154.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 42.1M | 33.7M | 27.3M | 21.2M | 23.5M |
| Total Current Liabilities | 1.7B | 1.3B | 1.2B | 897.0M | 495.0M |
| Long Term Borrowings | 542.0M | 521.0M | 140.0M | 132.0M | 20.2M |
| Total Non Current Liabilities | 596.0M | 550.0M | 217.0M | 226.0M | 34.2M |
| Total Liabilities | 2.3B | 1.8B | 1.5B | 1.1B | 530.0M |
| Paid In Capital | 392.0M | 392.0M | 392.0M | 392.0M | 392.0M |
| Capital Reserve | 906.0M | 907.0M | 905.0M | 910.0M | 910.0M |
| Surplus Reserve | 44.7M | 44.7M | 44.7M | 44.7M | 44.4M |
| Retained Earnings | -277.0M | -104.0M | -18.8M | 91.2M | 44.9M |
| Minority Equity | 13.1M | -3.3M | 22.4M | 24.9M | 29.7M |
| Equity Attributable | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B |
| Total Equity | 1.1B | 1.2B | 1.3B | 1.5B | 1.5B |
| 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 | 1.7B | 1.3B | 1.1B | 922.0M | 784.0M |
| Tax Refunds Received | 64.0M | 14.6M | 20.9M | 11.2M | 8.1M |
| Total Operating Cash Inflow | 1.8B | 1.4B | 1.1B | 971.0M | 804.0M |
| Cash Paid For Goods | 1.3B | 886.0M | 747.0M | 714.0M | 555.0M |
| Cash Paid To Employees | 281.0M | 221.0M | 226.0M | 182.0M | 146.0M |
| Taxes Paid | 34.9M | 42.6M | 25.8M | 26.4M | 27.8M |
| Total Operating Cash Outflow | 1.7B | 1.2B | 1.0B | 967.0M | 774.0M |
| Operating Cash Flow | 124.0M | 138.0M | 53.4M | 3.1M | 29.9M |
| Total Investing Cash Inflow | 29.8M | 23.2M | 50.7M | 72.7M | 60.8M |
| Total Investing Cash Outflow | 218.0M | 401.0M | 335.0M | 454.0M | 133.0M |
| Investing Cash Flow | -188.0M | -378.0M | -285.0M | -382.0M | -72.0M |
| Cash From Borrowings | 597.0M | 930.0M | 538.0M | 282.0M | 158.0M |
| Dividends And Interest Paid | 55.0M | 49.2M | 43.4M | 11.0M | 4.4M |
| Debt Repayments | 475.0M | 531.0M | 304.0M | 143.0M | 70.3M |
| Total Financing Cash Inflow | 669.0M | 945.0M | 679.0M | 458.0M | 186.0M |
| Total Financing Cash Outflow | 633.0M | 681.0M | 470.0M | 174.0M | 74.7M |
| Financing Cash Flow | 35.4M | 264.0M | 209.0M | 284.0M | 112.0M |
| Net Change In Cash | -25.1M | 28.2M | -23.7M | -97.5M | 68.6M |
| Ending Cash Balance | 56.6M | 81.8M | 53.5M | 77.2M | 175.0M |
| Capex | 207.0M | 392.0M | 322.0M | 439.0M | 125.0M |