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 | 587.0M | 618.0M | 476.0M | 339.0M | 344.0M |
| Revenue Growth % | -5.0% | 29.8% | 40.4% | -1.5% | -- |
| Total Revenue | 587.0M | 618.0M | 476.0M | 339.0M | 344.0M |
| Cost Of Revenue | 507.0M | 506.0M | 411.0M | 290.0M | 301.0M |
| Gross Profit | 80.0M | 112.0M | 65.0M | 49.0M | 43.0M |
| Gross Margin % | 13.6% | 18.1% | 13.7% | 14.5% | 12.5% |
| Total Operating Cost | 715.0M | 703.0M | 688.0M | 473.0M | 535.0M |
| Selling Expenses | 80.0M | 74.8M | 86.1M | 60.6M | 66.7M |
| Admin Expenses | 46.2M | 42.3M | 41.5M | 32.7M | 30.4M |
| Rd Expenses | 30.2M | 30.7M | 33.9M | 31.4M | 32.7M |
| Finance Expenses | 11.7M | 7.9M | 9.7M | 15.6M | 25.8M |
| Operating Income | -125.0M | -81.4M | -210.0M | -131.0M | -177.0M |
| Operating Margin % | -21.3% | -13.2% | -44.1% | -38.6% | -51.5% |
| Non Operating Income | 409,700 | 4.2M | 6,100 | 142,300 | 1.0M |
| Non Operating Expenses | 36.7M | 798,300 | 16.3M | 5.9M | 2.9M |
| Investment Income | -- | 150,900 | 1.4M | -- | 608,800 |
| Fair Value Change Income | -- | -- | -- | 662,300 | 12.3M |
| Asset Disposal Income | -580,200 | 109,000 | -- | 7,500 | -34,000 |
| Asset Impairment Loss | 25.6M | 16.7M | 61.4M | 20.9M | 65.5M |
| Other Income | 3.9M | 3.0M | 1.1M | 2.5M | 1.2M |
| Income Before Tax | -162.0M | -78.0M | -226.0M | -136.0M | -179.0M |
| Income Tax | 14.0M | -2.1M | -8.9M | -4.5M | -34.7M |
| Net Income | -176.0M | -75.9M | -217.0M | -132.0M | -144.0M |
| Net Margin % | -30.0% | -12.3% | -45.6% | -38.9% | -41.9% |
| Net Income Attributable | -176.0M | -71.6M | -213.0M | -131.0M | -145.0M |
| Minority Interest | 345,400 | -4.4M | -4.4M | -1.0M | 1.0M |
| Eps Basic | -0.43 | -0.18 | -0.55 | -0.40 | -0.47 |
| Eps Diluted | -0.43 | -0.18 | -0.55 | -0.40 | -0.44 |
| 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 | 158.0M | 149.0M | 118.0M | 35.9M | 103.0M |
| Trading Financial Assets | -- | -- | -- | -- | 12.3M |
| Accounts Receivable | 162.0M | 352.0M | 319.0M | 247.0M | 405.0M |
| Notes Receivable | -- | -- | -- | 1.1M | 1.2M |
| Notes And Accounts Receivable | 162.0M | 352.0M | 319.0M | 248.0M | 406.0M |
| Prepayments | 10.5M | 11.0M | 30.1M | 47.6M | 66.7M |
| Inventory | 96.0M | 122.0M | 107.0M | 129.0M | 177.0M |
| Total Current Assets | 457.0M | 675.0M | 615.0M | 497.0M | 789.0M |
| Fixed Assets | -- | 228.0M | 245.0M | 177.0M | 171.0M |
| Fixed Assets Total | 209.0M | 228.0M | 245.0M | 177.0M | 171.0M |
| Construction In Progress | -- | -- | 8.5M | 362,000 | 905,000 |
| Construction In Progress Total | 276,100 | -- | 8.5M | 362,000 | 905,000 |
| Intangible Assets | 21.6M | 23.8M | 11.9M | 12.7M | 11.5M |
| Long Term Deferred Expenses | 4.6M | 3.3M | 3.8M | 4.2M | 18.9M |
| Total Non Current Assets | 297.0M | 329.0M | 337.0M | 268.0M | 264.0M |
| Total Assets | 754.0M | 1.0B | 952.0M | 765.0M | 1.1B |
| Short Term Borrowings | 140.0M | 170.0M | 151.0M | 202.0M | 285.0M |
| Accounts Payable | 207.0M | 248.0M | 161.0M | 100.0M | 85.7M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 2.8M | 3.3M | 4.4M | 10.7M | 36.7M |
| Total Current Liabilities | 401.0M | 474.0M | 361.0M | 365.0M | 534.0M |
| Long Term Borrowings | -- | -- | -- | 1.5M | -- |
| Total Non Current Liabilities | 22.4M | 23.8M | 14.3M | 15.3M | 3.1M |
| Total Liabilities | 423.0M | 498.0M | 375.0M | 380.0M | 537.0M |
| Paid In Capital | 406.0M | 406.0M | 406.0M | 330.0M | 330.0M |
| Capital Reserve | 545.0M | 545.0M | 539.0M | 204.0M | 204.0M |
| Surplus Reserve | 18.5M | 18.5M | 18.5M | 18.5M | 18.5M |
| Retained Earnings | -654.0M | -478.0M | -407.0M | -194.0M | -63.1M |
| Minority Equity | 16.8M | 16.5M | 20.9M | 25.7M | 26.7M |
| Equity Attributable | 314.0M | 490.0M | 556.0M | 359.0M | 490.0M |
| Total Equity | 331.0M | 507.0M | 577.0M | 384.0M | 516.0M |
| 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 | 789.0M | 620.0M | 412.0M | 473.0M | 458.0M |
| Tax Refunds Received | -- | 62,200 | 149,900 | 198,100 | -- |
| Total Operating Cash Inflow | 825.0M | 657.0M | 473.0M | 512.0M | 493.0M |
| Cash Paid For Goods | 539.0M | 426.0M | 367.0M | 242.0M | 285.0M |
| Cash Paid To Employees | 95.7M | 93.6M | 86.4M | 77.7M | 93.2M |
| Taxes Paid | 9.1M | 10.2M | 12.9M | 10.0M | 18.8M |
| Total Operating Cash Outflow | 747.0M | 649.0M | 624.0M | 435.0M | 498.0M |
| Operating Cash Flow | 78.4M | 7.8M | -151.0M | 76.8M | -4.5M |
| Total Investing Cash Inflow | 320,800 | 29.7M | 320.0M | -- | 80.0M |
| Total Investing Cash Outflow | 13.2M | 46.3M | 416.0M | 13.2M | 16.0M |
| Investing Cash Flow | -12.9M | -16.6M | -95.7M | -13.2M | 64.0M |
| Cash From Borrowings | 238.0M | 236.0M | 318.0M | 290.0M | 285.0M |
| Dividends And Interest Paid | 10.9M | 7.7M | 14.4M | 13.7M | 36.1M |
| Debt Repayments | 279.0M | 190.0M | 380.0M | 370.0M | 346.0M |
| Total Financing Cash Inflow | 238.0M | 289.0M | 731.0M | 290.0M | 285.0M |
| Total Financing Cash Outflow | 294.0M | 249.0M | 402.0M | 390.0M | 382.0M |
| Financing Cash Flow | -55.8M | 40.1M | 329.0M | -99.5M | -97.0M |
| Net Change In Cash | 9.8M | 31.3M | 82.4M | -36.0M | -37.8M |
| Ending Cash Balance | 157.0M | 147.0M | 116.0M | 33.5M | 69.5M |
| Capex | 13.2M | 16.8M | 97.5M | 13.2M | 16.0M |