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 | 148.0M | 133.0M | 124.0M | 292.0M | 424.0M |
| Revenue Growth % | 11.3% | 7.3% | -57.5% | -31.1% | -- |
| Total Revenue | 148.0M | 133.0M | 124.0M | 292.0M | 424.0M |
| Cost Of Revenue | 125.0M | 113.0M | 92.4M | 255.0M | 286.0M |
| Gross Profit | 23.0M | 20.0M | 31.6M | 37.0M | 138.0M |
| Gross Margin % | 15.5% | 15.0% | 25.5% | 12.7% | 32.5% |
| Total Operating Cost | 220.0M | 300.0M | 249.0M | 1.1B | 461.0M |
| Selling Expenses | 4.2M | 12.8M | 15.3M | 21.7M | 21.6M |
| Admin Expenses | 41.7M | 49.6M | 40.6M | 45.2M | 34.4M |
| Rd Expenses | 7.6M | 13.5M | 16.1M | 41.4M | 20.3M |
| Finance Expenses | 4.6M | 14.7M | 13.3M | 5.2M | 8.0M |
| Operating Income | -54.3M | -167.0M | -123.0M | -772.0M | -11.8M |
| Operating Margin % | -36.7% | -125.6% | -99.2% | -264.4% | -2.8% |
| Non Operating Income | 7.4M | 4,400 | 50,900 | 86,600 | 59.1M |
| Non Operating Expenses | 10.9M | 5.8M | 6.4M | 4.1M | 665,800 |
| Investment Income | -2.8M | -851,700 | -2.8M | -3.1M | 12.4M |
| Fair Value Change Income | -- | -- | -- | -8,000 | 1,000 |
| Asset Disposal Income | 19.4M | -146,700 | 1.1M | -706,600 | 7,100 |
| Asset Impairment Loss | 5.4M | 25.0M | 2.2M | 520.0M | 2.0M |
| Other Income | 812,600 | 999,100 | 3.4M | 1.4M | 12.6M |
| Income Before Tax | -57.8M | -173.0M | -129.0M | -776.0M | 46.7M |
| Income Tax | 4.3M | -45.2M | -6.9M | -21.8M | -1.0M |
| Net Income | -62.2M | -127.0M | -122.0M | -754.0M | 47.7M |
| Net Margin % | -42.0% | -95.5% | -98.4% | -258.2% | 11.3% |
| Net Income Attributable | -62.2M | -127.0M | -122.0M | -754.0M | 47.7M |
| Minority Interest | -11,400 | -11,100 | -171,400 | -244,100 | -- |
| Eps Basic | -0.16 | -0.43 | -0.41 | -2.53 | 0.16 |
| Eps Diluted | -0.16 | -0.43 | -0.41 | -2.53 | 0.16 |
| 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 | 262.0M | 512.0M | 7.3M | 45.3M | 15.1M |
| Accounts Receivable | 81.0M | 68.2M | 158.0M | 201.0M | 339.0M |
| Notes Receivable | 700,000 | 668,400 | -- | -- | -- |
| Notes And Accounts Receivable | 81.7M | 68.9M | 158.0M | 201.0M | 339.0M |
| Prepayments | 20.6M | 3.5M | 4.1M | 9.1M | 17.4M |
| Inventory | 1.6M | 9.0M | 20.3M | 22.1M | 25.1M |
| Total Current Assets | 387.0M | 653.0M | 283.0M | 397.0M | 578.0M |
| Long Term Equity Investment | -- | 1.5M | 4.0M | 6.8M | 7.9M |
| Fixed Assets | -- | 61.0M | 90.1M | 106.0M | 120.0M |
| Fixed Assets Total | 23.8M | 61.0M | 90.1M | 106.0M | 120.0M |
| Construction In Progress | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | -- |
| Intangible Assets | 452,200 | 5.8M | 6.0M | 7.4M | 8.8M |
| Long Term Deferred Expenses | -- | 50,000 | 524,600 | 187,300 | 1.1M |
| Total Non Current Assets | 161.0M | 205.0M | 200.0M | 231.0M | 825.0M |
| Total Assets | 548.0M | 859.0M | 483.0M | 629.0M | 1.4B |
| Short Term Borrowings | 50.0M | 91.9M | 92.0M | 116.0M | 152.0M |
| Accounts Payable | 39.5M | 92.2M | 108.0M | 115.0M | 153.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 2.1M | 1.5M | 1.8M | 2.4M | 3.4M |
| Total Current Liabilities | 169.0M | 430.0M | 440.0M | 443.0M | 464.0M |
| Total Non Current Liabilities | 15.1M | 6.1M | 2.2M | 24.4M | 22.5M |
| Total Liabilities | 184.0M | 436.0M | 442.0M | 467.0M | 487.0M |
| Paid In Capital | 387.0M | 387.0M | 298.0M | 298.0M | 298.0M |
| Capital Reserve | 1.2B | 1.2B | 786.0M | 786.0M | 786.0M |
| Surplus Reserve | 23.3M | 23.3M | 23.3M | 23.3M | 23.3M |
| Retained Earnings | -1.2B | -1.2B | -1.0B | -928.0M | -174.0M |
| Minority Equity | -47,100 | -36,600 | -25,500 | -144,100 | -- |
| Equity Attributable | 364.0M | 422.0M | 40.4M | 162.0M | 916.0M |
| Total Equity | 364.0M | 422.0M | 40.4M | 162.0M | 916.0M |
| 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 | 130.0M | 159.0M | 137.0M | 420.0M | 507.0M |
| Tax Refunds Received | 172,900 | 206,400 | 406,500 | 377,600 | 15.7M |
| Total Operating Cash Inflow | 133.0M | 164.0M | 142.0M | 421.0M | 553.0M |
| Cash Paid For Goods | 152.0M | 126.0M | 88.2M | 322.0M | 274.0M |
| Cash Paid To Employees | 38.5M | 27.9M | 26.0M | 40.9M | 45.7M |
| Taxes Paid | 3.8M | 551,200 | 2.9M | 8.6M | 27.7M |
| Total Operating Cash Outflow | 228.0M | 167.0M | 142.0M | 401.0M | 398.0M |
| Operating Cash Flow | -94.9M | -3.3M | -252,500 | 20.3M | 154.0M |
| Total Investing Cash Inflow | 51.6M | 390,000 | 2.5M | 16.0M | 20.0M |
| Total Investing Cash Outflow | 33.0M | 3,787 | 2.1M | 59.9M | 96.3M |
| Investing Cash Flow | 18.6M | 386,200 | 388,000 | -43.9M | -76.3M |
| Cash From Borrowings | 70.0M | -- | -- | 120.0M | 211.0M |
| Dividends And Interest Paid | 5.3M | 3.1M | 9.6M | 14.6M | 15.3M |
| Debt Repayments | 115.0M | 1,003 | 14.4M | 157.0M | 346.0M |
| Total Financing Cash Inflow | 116.0M | 555.0M | 57.5M | 367.0M | 388.0M |
| Total Financing Cash Outflow | 290.0M | 43.5M | 97.4M | 312.0M | 524.0M |
| Financing Cash Flow | -174.0M | 511.0M | -39.9M | 54.4M | -137.0M |
| Net Change In Cash | -250.0M | 508.0M | -39.8M | 30.8M | -58.7M |
| Ending Cash Balance | 259.0M | 509.0M | 625,500 | 40.4M | 9.7M |
| Capex | 13.6M | 3,800 | 2.1M | 185,900 | 41.2M |