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 | 269.0M | 246.0M | 264.0M | 422.0M | 572.0M |
| Revenue Growth % | 9.3% | -6.8% | -37.4% | -26.2% | -- |
| Total Revenue | 269.0M | 246.0M | 264.0M | 422.0M | 572.0M |
| Cost Of Revenue | 223.0M | 198.0M | 197.0M | 318.0M | 437.0M |
| Gross Profit | 46.0M | 48.0M | 67.0M | 104.0M | 135.0M |
| Gross Margin % | 17.1% | 19.5% | 25.4% | 24.6% | 23.6% |
| Total Operating Cost | 443.0M | 453.0M | 447.0M | 540.0M | 655.0M |
| Selling Expenses | 44.8M | 46.4M | 47.2M | 48.0M | 55.8M |
| Admin Expenses | 109.0M | 92.1M | 85.8M | 66.3M | 68.6M |
| Rd Expenses | 45.5M | 52.2M | 56.8M | 44.4M | 58.0M |
| Finance Expenses | 9.2M | 13.5M | 17.1M | 14.9M | 15.9M |
| Operating Income | -159.0M | -202.0M | -177.0M | -60.0M | -65.4M |
| Operating Margin % | -59.1% | -82.1% | -67.0% | -14.2% | -11.4% |
| Non Operating Income | 156,000 | 544,900 | 421,900 | 1,500 | 8,300 |
| Non Operating Expenses | 561,800 | 643,600 | 2.7M | 1.2M | 1.2M |
| Investment Income | 10.0M | -357,200 | -1.8M | -728,700 | 300,000 |
| Fair Value Change Income | -1.6M | -2.5M | 155,800 | 6.1M | 4.4M |
| Asset Disposal Income | 166,700 | 800.00 | -184,000 | 44,200 | 111,700 |
| Asset Impairment Loss | 2.6M | 25.9M | -161,500 | 7.4M | 8.1M |
| Other Income | 5.8M | 7.6M | 8.1M | 52.7M | 12.8M |
| Income Before Tax | -160.0M | -202.0M | -180.0M | -61.3M | -66.7M |
| Income Tax | -703,700 | 27.9M | 1.9M | 13.5M | -4.7M |
| Net Income | -159.0M | -230.0M | -182.0M | -74.7M | -61.9M |
| Net Margin % | -59.1% | -93.5% | -68.9% | -17.7% | -10.8% |
| Net Income Attributable | -118.0M | -185.0M | -159.0M | -80.5M | -63.9M |
| Minority Interest | -41.5M | -44.9M | -22.2M | 5.8M | 1.9M |
| Eps Basic | -0.47 | -0.79 | -0.78 | -0.39 | -0.31 |
| Eps Diluted | -0.47 | -0.79 | -0.78 | -0.39 | -0.31 |
| 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 | 330.0M | 577.0M | 146.0M | 103.0M | 109.0M |
| Accounts Receivable | 120.0M | 125.0M | 171.0M | 266.0M | 335.0M |
| Notes And Accounts Receivable | 120.0M | 125.0M | 171.0M | 266.0M | 335.0M |
| Prepayments | 6.9M | 4.9M | 11.0M | 11.6M | 48.8M |
| Inventory | 85.3M | 108.0M | 47.2M | 68.9M | 90.8M |
| Total Current Assets | 586.0M | 873.0M | 434.0M | 483.0M | 638.0M |
| Long Term Equity Investment | 3.0M | 3.2M | -- | 103.0M | -- |
| Fixed Assets | -- | 273.0M | 280.0M | 286.0M | 8.4M |
| Fixed Assets Total | 299.0M | 273.0M | 280.0M | 286.0M | 8.4M |
| Construction In Progress | -- | 12.9M | -- | -- | 281.0M |
| Construction In Progress Total | 69.2M | 12.9M | -- | -- | 281.0M |
| Intangible Assets | 133.0M | 136.0M | 159.0M | 30.1M | 32.3M |
| Long Term Deferred Expenses | 13.1M | 8.0M | 7.4M | -- | -- |
| Total Non Current Assets | 605.0M | 473.0M | 521.0M | 495.0M | 395.0M |
| Total Assets | 1.2B | 1.3B | 954.0M | 978.0M | 1.0B |
| Short Term Borrowings | 144.0M | 63.2M | 140.0M | 150.0M | 170.0M |
| Accounts Payable | 157.0M | 153.0M | 144.0M | 181.0M | 137.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 124.0M | 121.0M | 79.8M | 92.7M | 137.0M |
| Total Current Liabilities | 565.0M | 506.0M | 537.0M | 617.0M | 650.0M |
| Long Term Borrowings | 15.0M | 66.1M | 133.0M | 133.0M | 40.0M |
| Total Non Current Liabilities | 67.2M | 125.0M | 150.0M | 143.0M | 88.8M |
| Total Liabilities | 633.0M | 631.0M | 687.0M | 760.0M | 739.0M |
| Paid In Capital | 248.0M | 248.0M | 205.0M | 205.0M | 205.0M |
| Capital Reserve | 752.0M | 752.0M | 121.0M | 46.8M | 48.7M |
| Surplus Reserve | 21.2M | 21.2M | 21.2M | 21.2M | 21.2M |
| Retained Earnings | -562.0M | -445.0M | -260.0M | -100.0M | -19.8M |
| Minority Equity | 98.3M | 137.0M | 180.0M | 64.9M | 59.1M |
| Equity Attributable | 460.0M | 577.0M | 87.4M | 153.0M | 235.0M |
| Total Equity | 558.0M | 715.0M | 268.0M | 218.0M | 294.0M |
| 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 | 283.0M | 320.0M | 329.0M | 471.0M | 562.0M |
| Tax Refunds Received | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 334.0M | 462.0M | 416.0M | 535.0M | 642.0M |
| Cash Paid For Goods | 112.0M | 161.0M | 158.0M | 217.0M | 326.0M |
| Cash Paid To Employees | 202.0M | 213.0M | 187.0M | 169.0M | 169.0M |
| Taxes Paid | 12.9M | 12.9M | 15.2M | 21.3M | 16.9M |
| Total Operating Cash Outflow | 395.0M | 538.0M | 476.0M | 496.0M | 617.0M |
| Operating Cash Flow | -61.5M | -75.8M | -59.3M | 38.8M | 24.5M |
| Total Investing Cash Inflow | 2.0M | 1.9M | 6,749 | 2.4M | 38.2M |
| Total Investing Cash Outflow | 180.0M | 21.6M | 18.0M | 23.6M | 42.6M |
| Investing Cash Flow | -178.0M | -19.7M | -18.0M | -21.2M | -4.4M |
| Cash From Borrowings | 215.0M | 67.2M | 397.0M | 521.0M | 229.0M |
| Dividends And Interest Paid | 10.4M | 17.1M | 16.8M | 15.3M | 17.4M |
| Debt Repayments | 202.0M | 187.0M | 382.0M | 509.0M | 347.0M |
| Total Financing Cash Inflow | 216.0M | 745.0M | 519.0M | 521.0M | 231.0M |
| Total Financing Cash Outflow | 218.0M | 210.0M | 403.0M | 537.0M | 365.0M |
| Financing Cash Flow | -2.1M | 535.0M | 116.0M | -15.3M | -134.0M |
| Net Change In Cash | -241.0M | 439.0M | 38.5M | 2.2M | -114.0M |
| Ending Cash Balance | 329.0M | 570.0M | 131.0M | 92.5M | 90.2M |
| Capex | 179.0M | 18.0M | 15.9M | 8.6M | 27.4M |