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 | 126.0M | 190.0M | 479.0M | 146.0M | 112.0M |
| Revenue Growth % | -33.7% | -60.3% | 228.1% | 30.4% | -- |
| Total Revenue | 126.0M | 190.0M | 479.0M | 146.0M | 112.0M |
| Cost Of Revenue | 131.0M | 187.0M | 504.0M | 109.0M | 77.2M |
| Gross Profit | -5.0M | 3.0M | -25.0M | 37.0M | 34.8M |
| Gross Margin % | -4.0% | 1.6% | -5.2% | 25.3% | 31.1% |
| Total Operating Cost | 545.0M | 401.0M | 733.0M | 364.0M | 216.0M |
| Selling Expenses | 7.0M | 7.4M | 11.9M | 13.8M | 6.4M |
| Admin Expenses | 111.0M | 81.2M | 88.3M | 118.0M | 73.5M |
| Rd Expenses | 28.4M | 30.7M | 62.6M | 93.9M | 43.1M |
| Finance Expenses | 34.9M | 29.2M | 27.4M | 1.9M | 5.7M |
| Operating Income | -394.0M | -184.0M | -241.0M | -115.0M | -50.9M |
| Operating Margin % | -312.7% | -96.8% | -50.3% | -78.8% | -45.4% |
| Non Operating Income | 579,700 | 983,200 | 91,300 | 332,800 | 944,500 |
| Non Operating Expenses | 3.5M | 27.9M | 534,600 | 8.7M | 618,800 |
| Investment Income | 8.0M | 17.7M | 4.8M | 4.9M | 18.7M |
| Fair Value Change Income | -- | -- | -- | -- | -- |
| Asset Disposal Income | 11.8M | 468,400 | 179,800 | -1.4M | -414,300 |
| Asset Impairment Loss | 222.0M | 59.6M | 28.5M | 22.6M | 1.6M |
| Other Income | 5.1M | 9.0M | 7.9M | 100.0M | 34.8M |
| Income Before Tax | -397.0M | -211.0M | -242.0M | -123.0M | -50.5M |
| Income Tax | -1.1M | 496,500 | -481,200 | 2.7M | 7.4M |
| Net Income | -396.0M | -211.0M | -241.0M | -126.0M | -57.9M |
| Net Margin % | -314.3% | -111.1% | -50.3% | -86.3% | -51.7% |
| Net Income Attributable | -394.0M | -209.0M | -237.0M | -125.0M | -50.4M |
| Minority Interest | -1.6M | -2.2M | -4.7M | -1.2M | -7.6M |
| Eps Basic | -2.29 | -1.24 | -1.50 | -0.79 | -0.32 |
| Eps Diluted | -2.29 | -1.24 | -1.50 | -0.79 | -0.32 |
| 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 | 269.0M | 319.0M | 205.0M | 210.0M | 192.0M |
| Trading Financial Assets | -- | 60.0M | -- | -- | -- |
| Accounts Receivable | 59.5M | 56.9M | 175.0M | 46.8M | 34.4M |
| Notes Receivable | 20.4M | 47,500 | 53,000 | 185,900 | 23.5M |
| Notes And Accounts Receivable | 79.9M | 57.0M | 175.0M | 47.0M | 57.9M |
| Prepayments | 8.8M | 11.4M | 5.2M | 14.0M | 3.0M |
| Inventory | 142.0M | 96.1M | 179.0M | 51.1M | 19.6M |
| Total Current Assets | 659.0M | 679.0M | 662.0M | 376.0M | 306.0M |
| Long Term Equity Investment | 175.0M | 282.0M | 312.0M | 210.0M | 210.0M |
| Fixed Assets | -- | 158.0M | 141.0M | 107.0M | 90.0M |
| Fixed Assets Total | 402.0M | 158.0M | 141.0M | 107.0M | 90.0M |
| Construction In Progress | -- | 218.0M | 141.0M | 299.0M | 263.0M |
| Construction In Progress Total | 5.5M | 218.0M | 141.0M | 299.0M | 263.0M |
| Intangible Assets | 26.4M | 35.6M | 53.8M | 117.0M | 97.2M |
| Long Term Deferred Expenses | 73.8M | 59.5M | 78.7M | 70.6M | 371,500 |
| Total Non Current Assets | 802.0M | 993.0M | 916.0M | 1.5B | 789.0M |
| Total Assets | 1.5B | 1.7B | 1.6B | 1.8B | 1.1B |
| Short Term Borrowings | 20.0M | 20.0M | 462.0M | 332.0M | 310.0M |
| Accounts Payable | 315.0M | 80.4M | 244.0M | 114.0M | 48.3M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 13.8M | 8.1M | 11.9M | 1.4M | 1.4M |
| Total Current Liabilities | 752.0M | 863.0M | 1.1B | 730.0M | 518.0M |
| Long Term Borrowings | 425.0M | 399.0M | 139.0M | -- | -- |
| Total Non Current Liabilities | 502.0M | 562.0M | 290.0M | 917.0M | 260.0M |
| Total Liabilities | 1.3B | 1.4B | 1.4B | 1.6B | 778.0M |
| Paid In Capital | 172.0M | 172.0M | 158.0M | 158.0M | 158.0M |
| Capital Reserve | 954.0M | 601.0M | 308.0M | 152.0M | 151.0M |
| Surplus Reserve | 35.8M | 35.8M | 35.8M | 35.8M | 35.8M |
| Retained Earnings | -999.0M | -604.0M | -395.0M | -159.0M | -34.2M |
| Minority Equity | 43.9M | 43.1M | 45.3M | -- | 7.0M |
| Equity Attributable | 163.0M | 204.0M | 107.0M | 188.0M | 309.0M |
| Total Equity | 207.0M | 248.0M | 152.0M | 188.0M | 316.0M |
| 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 | 115.0M | 280.0M | 203.0M | 156.0M | 132.0M |
| Tax Refunds Received | 483,500 | 33.8M | 45.9M | 11.0M | 12.4M |
| Total Operating Cash Inflow | 123.0M | 329.0M | 290.0M | 363.0M | 208.0M |
| Cash Paid For Goods | 140.0M | 152.0M | 409.0M | 163.0M | 74.2M |
| Cash Paid To Employees | 65.7M | 104.0M | 138.0M | 142.0M | 75.8M |
| Taxes Paid | 8.1M | 10.4M | 7.8M | 11.7M | 18.4M |
| Total Operating Cash Outflow | 258.0M | 329.0M | 607.0M | 380.0M | 209.0M |
| Operating Cash Flow | -135.0M | 181,100 | -317.0M | -16.6M | -1.5M |
| Total Investing Cash Inflow | 60.0M | 205.0M | 13.2M | 36.9M | 460.0M |
| Total Investing Cash Outflow | 13.8M | 416.0M | 122.0M | 84.3M | 257.0M |
| Investing Cash Flow | 46.2M | -211.0M | -108.0M | -47.4M | 203.0M |
| Cash From Borrowings | 110.0M | 355.0M | 601.0M | 332.0M | -- |
| Dividends And Interest Paid | 21.7M | 24.7M | 19.5M | 23.8M | 200.0M |
| Debt Repayments | 130.0M | 463.0M | 333.0M | 300.0M | -- |
| Total Financing Cash Inflow | 512.0M | 967.0M | 901.0M | 502.0M | 208.0M |
| Total Financing Cash Outflow | 479.0M | 675.0M | 489.0M | 419.0M | 292.0M |
| Financing Cash Flow | 33.3M | 292.0M | 412.0M | 82.2M | -84.1M |
| Net Change In Cash | -55.7M | 81.2M | -13.2M | 18.2M | 118.0M |
| Ending Cash Balance | 223.0M | 278.0M | 197.0M | 210.0M | 192.0M |
| Capex | 12.6M | 246.0M | 122.0M | 84.3M | 197.0M |