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 | 551.0M | 398.0M | 333.0M | 630.0M | 388.0M |
| Revenue Growth % | 38.4% | 19.5% | -47.1% | 62.4% | -- |
| Total Revenue | 551.0M | 398.0M | 333.0M | 630.0M | 388.0M |
| Cost Of Revenue | 524.0M | 405.0M | 358.0M | 336.0M | 289.0M |
| Gross Profit | 27.0M | -7.0M | -25.0M | 294.0M | 99.0M |
| Gross Margin % | 4.9% | -1.8% | -7.5% | 46.7% | 25.5% |
| Total Operating Cost | 755.0M | 619.0M | 537.0M | 509.0M | 375.0M |
| Selling Expenses | 23.4M | 25.1M | 20.0M | 18.7M | 12.7M |
| Admin Expenses | 62.0M | 62.4M | 49.6M | 69.9M | 39.4M |
| Rd Expenses | 33.9M | 29.4M | 31.3M | 29.1M | 14.5M |
| Finance Expenses | 27.4M | 25.8M | 16.6M | 18.9M | 14.5M |
| Operating Income | -192.0M | -198.0M | -197.0M | 124.0M | 16.9M |
| Operating Margin % | -34.8% | -49.7% | -59.2% | 19.7% | 4.4% |
| Non Operating Income | 148,800 | 205,000 | 4.4M | 20,500 | 3.3M |
| Non Operating Expenses | 228,700 | 118,200 | 249,400 | 31,800 | 9,800 |
| Investment Income | -770,000 | -1.6M | -1.1M | -1.7M | -77,600 |
| Fair Value Change Income | -- | -- | -36,300 | -- | -- |
| Asset Disposal Income | 156,500 | 7.5M | 6,200 | -- | -- |
| Asset Impairment Loss | 92.6M | 53.8M | 42.2M | 22.2M | 3.3M |
| Other Income | 12.9M | 16.6M | 7.6M | 5.0M | 3.9M |
| Income Before Tax | -192.0M | -198.0M | -193.0M | 124.0M | 20.2M |
| Income Tax | -2.3M | -28.7M | -20.5M | 20.4M | 33,400 |
| Net Income | -190.0M | -169.0M | -173.0M | 104.0M | 20.2M |
| Net Margin % | -34.5% | -42.5% | -52.0% | 16.5% | 5.2% |
| Net Income Attributable | -189.0M | -168.0M | -173.0M | 104.0M | 20.2M |
| Minority Interest | -663,200 | -432,900 | -- | -- | -- |
| Eps Basic | -0.68 | -0.60 | -0.62 | 0.40 | 0.09 |
| Eps Diluted | -0.68 | -0.60 | -0.62 | 0.40 | 0.09 |
| 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 | 151.0M | 76.8M | 121.0M | 118.0M | 41.8M |
| Trading Financial Assets | -- | -- | 365,700 | -- | -- |
| Accounts Receivable | 164.0M | 140.0M | 107.0M | 146.0M | 165.0M |
| Notes Receivable | 31.3M | 16.6M | 62.5M | 77.4M | 3.8M |
| Notes And Accounts Receivable | 196.0M | 157.0M | 170.0M | 224.0M | 169.0M |
| Prepayments | 3.5M | 1.6M | 4.6M | 10.6M | 4.6M |
| Inventory | 260.0M | 267.0M | 328.0M | 280.0M | 207.0M |
| Total Current Assets | 689.0M | 604.0M | 690.0M | 766.0M | 437.0M |
| Long Term Equity Investment | 4.4M | 6.2M | 105,500 | 371,300 | 788,100 |
| Fixed Assets | -- | -- | 994.0M | 844.0M | 283.0M |
| Fixed Assets Total | 790.0M | 905.0M | 994.0M | 844.0M | 283.0M |
| Construction In Progress | -- | -- | 39.6M | 243.0M | 150.0M |
| Construction In Progress Total | 38.4M | 40.0M | 39.6M | 243.0M | 150.0M |
| Intangible Assets | 47.1M | 51.8M | 48.6M | 56.1M | 45.5M |
| Long Term Deferred Expenses | 4.9M | 10.7M | 13.6M | -- | 761,400 |
| Total Non Current Assets | 981.0M | 1.1B | 1.2B | 1.2B | 620.0M |
| Total Assets | 1.7B | 1.7B | 1.9B | 2.0B | 1.1B |
| Short Term Borrowings | 244.0M | 244.0M | 366.0M | 232.0M | 114.0M |
| Accounts Payable | 123.0M | 106.0M | 57.4M | 72.9M | 52.8M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 249,500 | 3.8M | 838,600 | 754,800 | 1.5M |
| Total Current Liabilities | 602.0M | 558.0M | 650.0M | 568.0M | 330.0M |
| Long Term Borrowings | 285.0M | 240.0M | 144.0M | 140.0M | 46.0M |
| Total Non Current Liabilities | 432.0M | 338.0M | 230.0M | 225.0M | 174.0M |
| Total Liabilities | 1.0B | 896.0M | 881.0M | 793.0M | 504.0M |
| Paid In Capital | 281.0M | 281.0M | 281.0M | 279.0M | 236.0M |
| Capital Reserve | 699.0M | 699.0M | 698.0M | 695.0M | 199.0M |
| Surplus Reserve | 40.3M | 40.3M | 40.3M | 41.3M | 29.0M |
| Retained Earnings | -385.0M | -196.0M | -27.7M | 173.0M | 89.5M |
| Minority Equity | 653,900 | 1.3M | -- | -- | -- |
| Equity Attributable | 635.0M | 824.0M | 991.0M | 1.2B | 553.0M |
| Total Equity | 636.0M | 826.0M | 991.0M | 1.2B | 553.0M |
| 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 | 399.0M | 305.0M | 345.0M | 621.0M | 392.0M |
| Tax Refunds Received | 4.0M | 3.5M | 109.0M | 21.4M | 18.6M |
| Total Operating Cash Inflow | 450.0M | 353.0M | 490.0M | 652.0M | 447.0M |
| Cash Paid For Goods | 230.0M | 206.0M | 285.0M | 319.0M | 265.0M |
| Cash Paid To Employees | 137.0M | 121.0M | 110.0M | 104.0M | 73.4M |
| Taxes Paid | 31.6M | 16.4M | 32.0M | 67.4M | 5.8M |
| Total Operating Cash Outflow | 445.0M | 400.0M | 470.0M | 520.0M | 370.0M |
| Operating Cash Flow | 5.3M | -46.8M | 19.9M | 132.0M | 76.8M |
| Total Investing Cash Inflow | 10.2M | -- | 133.0M | 19.1M | 10.2M |
| Total Investing Cash Outflow | 19.9M | 26.4M | 216.0M | 790.0M | 250.0M |
| Investing Cash Flow | -9.7M | -26.4M | -83.5M | -771.0M | -239.0M |
| Cash From Borrowings | 461.0M | 608.0M | 374.0M | 507.0M | 316.0M |
| Dividends And Interest Paid | 28.2M | 24.1M | 50.4M | 23.3M | 3.6M |
| Debt Repayments | 404.0M | 503.0M | 437.0M | 277.0M | 152.0M |
| Total Financing Cash Inflow | 633.0M | 855.0M | 497.0M | 1.0B | 363.0M |
| Total Financing Cash Outflow | 634.0M | 767.0M | 498.0M | 309.0M | 203.0M |
| Financing Cash Flow | -789,400 | 87.7M | -1.0M | 709.0M | 160.0M |
| Net Change In Cash | -7.6M | 14.8M | -62.9M | 69.7M | -3.5M |
| Ending Cash Balance | 54.6M | 62.3M | 47.5M | 110.0M | 40.7M |
| Capex | 9.8M | 26.4M | 50.8M | 715.0M | 239.0M |