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 | 124.0M | 580.0M | 522.0M | 321.0M | 329.0M |
| Revenue Growth % | -78.6% | 11.1% | 62.6% | -2.4% | -- |
| Total Revenue | 124.0M | 580.0M | 522.0M | 321.0M | 329.0M |
| Cost Of Revenue | 408.0M | 680.0M | 528.0M | 227.0M | 240.0M |
| Gross Profit | -284.0M | -100.0M | -6.0M | 94.0M | 89.0M |
| Gross Margin % | -229.0% | -17.2% | -1.1% | 29.3% | 27.1% |
| Total Operating Cost | 881.0M | 997.0M | 806.0M | 460.0M | 456.0M |
| Selling Expenses | 33.2M | 25.8M | 21.7M | 27.1M | 56.6M |
| Admin Expenses | 61.2M | 53.0M | 62.7M | 29.8M | 61.8M |
| Rd Expenses | -- | 29.3M | 26.8M | 18.7M | 15.0M |
| Finance Expenses | 152.0M | 88.8M | 32.1M | 27.4M | 18.1M |
| Operating Income | -757.0M | -411.0M | -254.0M | -139.0M | -127.0M |
| Operating Margin % | -610.5% | -70.9% | -48.7% | -43.3% | -38.6% |
| Non Operating Income | 342,600 | 2.0M | 3.0M | 9,400 | 74,700 |
| Non Operating Expenses | 51.4M | 2.1M | 8.2M | 49.8M | 2.1M |
| Investment Income | 1.6M | 4.6M | 15.6M | -- | -- |
| Asset Disposal Income | -2.2M | -241,400 | -284,000 | -1.5M | -1.5M |
| Asset Impairment Loss | 205.0M | 111.0M | 61.9M | 52.5M | 37.5M |
| Other Income | 716,500 | 1.5M | 14.6M | 1.5M | 1.8M |
| Income Before Tax | -808.0M | -411.0M | -259.0M | -189.0M | -129.0M |
| Income Tax | 16.2M | 853,000 | 5.9M | 14.2M | 2.2M |
| Net Income | -824.0M | -412.0M | -265.0M | -203.0M | -131.0M |
| Net Margin % | -664.5% | -71.0% | -50.8% | -63.2% | -39.8% |
| Net Income Attributable | -795.0M | -362.0M | -269.0M | -202.0M | -131.0M |
| Minority Interest | -28.7M | -50.3M | 4.0M | -995,500 | 118,100 |
| Eps Basic | -3.68 | -1.67 | -1.25 | -0.94 | -0.61 |
| Eps Diluted | -3.68 | -1.67 | -1.25 | -0.94 | -0.61 |
| 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 | 73.5M | 71.2M | 369.0M | 142.0M | 13.3M |
| Accounts Receivable | 23.3M | 37.8M | 12.3M | 278.0M | 267.0M |
| Notes Receivable | 2.8M | 6.0M | 2.1M | 9.9M | 29.0M |
| Notes And Accounts Receivable | 26.0M | 43.8M | 14.4M | 288.0M | 296.0M |
| Prepayments | 16.8M | 15.2M | 26.2M | 198.0M | 8.9M |
| Inventory | 60.8M | 124.0M | 136.0M | 152.0M | 122.0M |
| Total Current Assets | 278.0M | 306.0M | 827.0M | 878.0M | 545.0M |
| Fixed Assets | -- | 1.5B | 914.0M | 301.0M | -- |
| Fixed Assets Total | 2.2B | 1.5B | 914.0M | 301.0M | 358.0M |
| Construction In Progress | -- | 542.0M | 434.0M | 610.0M | 8.2M |
| Construction In Progress Total | 139.0M | 542.0M | 434.0M | 610.0M | 8.2M |
| Intangible Assets | 42.8M | 55.6M | 57.2M | 58.9M | 39.5M |
| Long Term Deferred Expenses | 4.2M | 5.4M | 3.3M | 592,600 | -- |
| Total Non Current Assets | 2.4B | 2.6B | 1.6B | 1.0B | 445.0M |
| Total Assets | 2.7B | 2.9B | 2.5B | 1.9B | 990.0M |
| Short Term Borrowings | 328.0M | 121.0M | 204.0M | 355.0M | 153.0M |
| Accounts Payable | 842.0M | 561.0M | 356.0M | 302.0M | 95.6M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 49.5M | 17.5M | 90.2M | 4.1M | 34.7M |
| Total Current Liabilities | 2.9B | 1.8B | 1.5B | 1.1B | 439.0M |
| Long Term Borrowings | 506.0M | 570.0M | -- | -- | -- |
| Total Non Current Liabilities | 638.0M | 1.1B | 859.0M | 480.0M | 44.2M |
| Total Liabilities | 3.5B | 2.9B | 2.4B | 1.6B | 483.0M |
| Paid In Capital | 216.0M | 216.0M | 216.0M | 216.0M | 216.0M |
| Capital Reserve | 730.0M | 753.0M | 387.0M | 387.0M | 387.0M |
| Surplus Reserve | 55.8M | 55.8M | 55.9M | 55.9M | 55.9M |
| Retained Earnings | -1.8B | -989.0M | -626.0M | -351.0M | -149.0M |
| Minority Equity | -2.8M | 2.4M | 44.6M | -2.9M | -2.0M |
| Equity Attributable | -795.0M | 26.5M | 24.8M | 310.0M | 509.0M |
| Total Equity | -798.0M | 28.8M | 69.5M | 307.0M | 507.0M |
| 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 | 145.0M | 440.0M | 662.0M | 263.0M | 252.0M |
| Tax Refunds Received | 23.3M | 131.0M | 42.7M | 714,000 | 168,800 |
| Total Operating Cash Inflow | 204.0M | 630.0M | 812.0M | 283.0M | 354.0M |
| Cash Paid For Goods | 289.0M | 561.0M | 562.0M | 193.0M | 255.0M |
| Cash Paid To Employees | 99.9M | 112.0M | 93.6M | 71.8M | 89.7M |
| Taxes Paid | 7.7M | 10.7M | 12.5M | 19.9M | 33.9M |
| Total Operating Cash Outflow | 511.0M | 756.0M | 1.1B | 324.0M | 469.0M |
| Operating Cash Flow | -307.0M | -127.0M | -311.0M | -40.8M | -115.0M |
| Total Investing Cash Inflow | 992,100 | 2.3M | 158,700 | 35.0M | 191.0M |
| Total Investing Cash Outflow | 50.7M | 779.0M | 648.0M | 726.0M | 6.7M |
| Investing Cash Flow | -49.7M | -777.0M | -648.0M | -691.0M | 185.0M |
| Cash From Borrowings | 197.0M | 2.0B | 2.2B | 1.1B | 204.0M |
| Dividends And Interest Paid | 38.2M | 79.3M | 8.9M | 10.6M | 10.1M |
| Debt Repayments | 287.0M | 900.0M | 1.3B | 468.0M | 261.0M |
| Total Financing Cash Inflow | 1.1B | 2.0B | 2.4B | 1.3B | 204.0M |
| Total Financing Cash Outflow | 713.0M | 1.1B | 1.4B | 553.0M | 278.0M |
| Financing Cash Flow | 365.0M | 889.0M | 947.0M | 753.0M | -74.5M |
| Net Change In Cash | 8.7M | -15.1M | -11.8M | 21.2M | -4.7M |
| Ending Cash Balance | 12.5M | 3.8M | 18.9M | 30.7M | 9.4M |
| Capex | 50.7M | 773.0M | 639.0M | 696.0M | 6.7M |