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 | 319.0M | 208.0M | 169.0M | 126.0M | 108.0M |
| Revenue Growth % | 53.4% | 23.1% | 34.1% | 16.7% | -- |
| Total Revenue | 319.0M | 208.0M | 169.0M | 126.0M | 108.0M |
| Cost Of Revenue | 276.0M | 198.0M | 161.0M | 114.0M | 91.0M |
| Gross Profit | 43.0M | 10.0M | 8.0M | 12.0M | 17.0M |
| Gross Margin % | 13.5% | 4.8% | 4.7% | 9.5% | 15.7% |
| Total Operating Cost | 300.0M | 261.0M | 212.0M | 152.0M | 137.0M |
| Selling Expenses | 9.0M | 7.0M | 7.4M | 2.9M | 5.6M |
| Admin Expenses | 12.2M | 49.0M | 37.8M | 27.2M | 30.4M |
| Rd Expenses | 1.7M | 4.0M | 1.9M | 1.7M | 2.5M |
| Finance Expenses | 611,900 | 271,200 | 2.2M | 4.8M | 4.6M |
| Operating Income | 32.5M | -51.9M | -40.8M | -25.7M | -11.2M |
| Operating Margin % | 10.2% | -25.0% | -24.1% | -20.4% | -10.4% |
| Non Operating Income | 580,400 | 20.9M | 57.3M | 5.0M | 3.8M |
| Non Operating Expenses | 14.2M | 2.7M | 1.8M | 4.2M | 5.7M |
| Investment Income | -12,400 | -- | 2.5M | -- | 20.6M |
| Fair Value Change Income | -- | -- | -- | -- | -- |
| Asset Disposal Income | 12.8M | -107,700 | -410,500 | 695,900 | -2.7M |
| Asset Impairment Loss | 3.3M | 636,200 | 3.2M | 111,800 | 393,600 |
| Other Income | 591,500 | 609,200 | 320,700 | 56,400 | 310,300 |
| Income Before Tax | 18.9M | -33.7M | 14.7M | -24.9M | -13.1M |
| Income Tax | 4.0M | 257,700 | 614,900 | 1.5M | 1.6M |
| Net Income | 14.9M | -33.9M | 14.1M | -26.4M | -14.7M |
| Net Margin % | 4.7% | -16.3% | 8.3% | -21.0% | -13.6% |
| Net Income Attributable | 14.4M | -34.9M | 14.1M | -26.4M | -14.7M |
| Minority Interest | 436,600 | 1.0M | -9,500 | 4,700 | -700.00 |
| Eps Basic | 0.03 | -0.08 | 0.03 | -0.06 | -0.04 |
| Eps Diluted | 0.03 | -0.08 | 0.03 | -0.06 | -0.04 |
| 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 | 29.2M | 35.7M | 67.5M | 103.0M | 103.0M |
| Trading Financial Assets | -- | -- | -- | -- | -- |
| Accounts Receivable | 77.9M | 91.8M | 88.4M | 68.5M | 53.9M |
| Notes Receivable | 4.7M | 6.0M | 31.2M | 699,900 | 250,000 |
| Notes And Accounts Receivable | 82.7M | 97.8M | 120.0M | 69.2M | 54.1M |
| Prepayments | 1.3M | 1.6M | 1.6M | 2.1M | 4.9M |
| Inventory | 4.7M | 6.1M | 7.4M | 9.5M | 7.3M |
| Total Current Assets | 314.0M | 162.0M | 203.0M | 202.0M | 218.0M |
| Long Term Equity Investment | -- | -- | -- | 123.0M | 123.0M |
| Fixed Assets | -- | 23.2M | 16.7M | 20.4M | 24.7M |
| Fixed Assets Total | 18.1M | 23.2M | 16.7M | 20.4M | 24.7M |
| Construction In Progress | -- | -- | -- | -- | -- |
| Construction In Progress Total | 20.2M | -- | -- | -- | -- |
| Intangible Assets | 3.4M | 4.6M | 4.8M | 5.0M | 5.1M |
| Long Term Deferred Expenses | 3.0M | 4.3M | 3.7M | 3.4M | 3.2M |
| Total Non Current Assets | 53.4M | 40.1M | 35.0M | 160.0M | 161.0M |
| Total Assets | 367.0M | 202.0M | 238.0M | 362.0M | 380.0M |
| Short Term Borrowings | 23.3M | -- | 2.0M | 41.0M | 66.7M |
| Accounts Payable | 197.0M | 77.0M | 63.1M | 55.7M | 75.4M |
| Advance Receipts | -- | -- | -- | 13.0M | 14.3M |
| Contract Liabilities | 1.9M | 578,000 | 781,200 | 500.00 | 185,400 |
| Total Current Liabilities | 285.0M | 140.0M | 199.0M | 341.0M | 339.0M |
| Long Term Borrowings | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 12.0M | 666,000 | 2.4M | 13.8M | 8.1M |
| Total Liabilities | 297.0M | 141.0M | 201.0M | 355.0M | 347.0M |
| Paid In Capital | 437.0M | 437.0M | 437.0M | 412.0M | 412.0M |
| Capital Reserve | 133.0M | 145.0M | 120.0M | 88.6M | 88.6M |
| Surplus Reserve | 31.2M | 31.2M | 31.2M | 31.2M | 31.2M |
| Retained Earnings | -529.0M | -544.0M | -509.0M | -523.0M | -496.0M |
| Minority Equity | 14.0M | 12.2M | 467,900 | -992,600 | -997,400 |
| Equity Attributable | 56.5M | 49.2M | 36.3M | 7.8M | 33.8M |
| Total Equity | 70.4M | 61.4M | 36.7M | 6.8M | 32.8M |
| 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 | 167.0M | 206.0M | 126.0M | 110.0M | 87.3M |
| Tax Refunds Received | 1.5M | 3,500 | 262,200 | 74,900 | 624,400 |
| Total Operating Cash Inflow | 173.0M | 238.0M | 144.0M | 134.0M | 114.0M |
| Cash Paid For Goods | 151.0M | 174.0M | 137.0M | 133.0M | 82.5M |
| Cash Paid To Employees | 15.6M | 15.8M | 14.8M | 14.7M | 17.8M |
| Taxes Paid | 4.5M | 2.3M | 5.4M | 7.7M | 5.5M |
| Total Operating Cash Outflow | 196.0M | 270.0M | 244.0M | 176.0M | 134.0M |
| Operating Cash Flow | -22.9M | -31.6M | -100.0M | -41.8M | -20.5M |
| Total Investing Cash Inflow | 16.4M | 417,400 | 59.3M | 60.5M | 19.8M |
| Total Investing Cash Outflow | 10.5M | 10.9M | 208,900 | 108,300 | 1.8M |
| Investing Cash Flow | 5.9M | -10.5M | 59.1M | 60.4M | 18.0M |
| Cash From Borrowings | 27.0M | -- | 2.0M | 5.1M | 18.5M |
| Dividends And Interest Paid | 66,900 | 117,900 | 3.4M | 8.2M | 2.0M |
| Debt Repayments | 3.8M | 2.0M | 35.9M | 12.3M | 1.0M |
| Total Financing Cash Inflow | 34.3M | 17.0M | 48.4M | 5.1M | 18.5M |
| Total Financing Cash Outflow | 23.8M | 6.7M | 42.5M | 23.5M | 3.0M |
| Financing Cash Flow | 10.5M | 10.3M | 5.9M | -18.4M | 15.5M |
| Net Change In Cash | -6.5M | -31.8M | -35.0M | 231,800 | 13.0M |
| Ending Cash Balance | 29.2M | 35.7M | 67.5M | 102.0M | 102.0M |
| Capex | 10.5M | 10.8M | 194,900 | 108,300 | 1.8M |