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 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 682.0M | 702.0M | 771.0M | 1.4B | 836.0M | 598.0M | 497.0M | 440.0M | 330.0M | 273.0M | 256.0M | 203.0M |
| Revenue Growth % | -2.8% | -8.9% | -43.7% | 63.9% | 39.8% | 20.3% | 13.0% | 33.3% | 20.9% | 6.6% | 26.1% | -- |
| Total Revenue | 682.0M | 702.0M | 771.0M | 1.4B | 836.0M | 598.0M | 497.0M | 440.0M | 330.0M | 273.0M | 256.0M | 203.0M |
| Cost Of Revenue | 612.0M | 650.0M | 622.0M | 631.0M | 619.0M | 464.0M | 354.0M | 314.0M | 236.0M | 192.0M | 177.0M | 138.0M |
| Gross Profit | 70.0M | 52.0M | 149.0M | 739.0M | 217.0M | 134.0M | 143.0M | 126.0M | 94.0M | 81.0M | 79.0M | 65.0M |
| Gross Margin % | 10.3% | 7.4% | 19.3% | 53.9% | 26.0% | 22.4% | 28.8% | 28.6% | 28.5% | 29.7% | 30.9% | 32.0% |
| Total Operating Cost | 912.0M | 1.1B | 1.0B | 923.0M | 745.0M | 572.0M | 454.0M | 387.0M | 293.0M | 244.0M | 227.0M | 174.0M |
| Selling Expenses | 25.0M | 16.9M | 18.3M | 24.6M | 11.7M | 11.5M | 13.0M | 10.7M | 9.4M | 8.6M | 9.9M | 6.6M |
| Admin Expenses | 77.1M | 30.6M | 50.5M | 51.6M | 19.5M | 19.4M | 17.7M | 12.4M | 38.3M | 32.8M | 29.9M | 24.2M |
| Rd Expenses | 150.0M | 182.0M | 153.0M | 167.0M | 62.0M | 46.1M | 45.0M | 37.5M | -- | -- | -- | -- |
| Finance Expenses | 6.8M | 12.5M | 12.6M | 18.9M | 9.0M | 11.9M | 7.3M | 4.3M | 2.6M | 1.8M | 3.0M | 2.7M |
| Operating Income | -201.0M | -362.0M | -234.0M | 482.0M | 108.0M | 38.2M | 56.7M | 56.8M | 35.6M | 29.0M | 27.9M | 28.2M |
| Operating Margin % | -29.5% | -51.6% | -30.4% | 35.2% | 12.9% | 6.4% | 11.4% | 12.9% | 10.8% | 10.6% | 10.9% | 13.9% |
| Non Operating Income | 10.8M | 436,700 | 855,500 | 24.8M | 1.00 | 274,400 | 139,600 | 2.2M | 4.5M | 2.5M | 1.1M | 380,300 |
| Non Operating Expenses | 20.6M | 14.0M | 5.9M | 8.4M | 154,500 | 3,800 | 214,100 | 57,200 | 263,100 | 516,000 | 481,300 | 11,200 |
| Investment Income | 3.1M | 4.3M | 9.4M | 9.3M | 2.6M | 2.0M | 169,100 | -- | -896,600 | -- | -817,700 | -587,300 |
| Fair Value Change Income | 5.9M | 14.3M | 7.3M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 4.5M | -7.1M | -7.8M | 4.4M | 1.8M | -139,100 | 513,200 | -157,400 | -- | -- | -- | -- |
| Asset Impairment Loss | 59.2M | 164.0M | 135.0M | 12.4M | 8.2M | 13.3M | 16.8M | 6.2M | 4.3M | 7.8M | 6.2M | 2.7M |
| Other Income | 15.1M | 16.4M | 23.0M | 21.1M | 12.7M | 9.7M | 13.5M | 3.9M | -- | -- | -- | -- |
| Income Before Tax | -211.0M | -376.0M | -239.0M | 498.0M | 108.0M | 38.5M | 56.7M | 58.9M | 39.8M | 31.0M | 28.5M | 28.6M |
| Income Tax | 30.5M | -34.2M | -44.8M | 45.7M | 7.3M | 1.9M | 3.4M | 504,500 | 1.6M | 3.4M | 3.5M | 3.6M |
| Net Income | -242.0M | -341.0M | -195.0M | 453.0M | 100.0M | 36.6M | 53.3M | 58.4M | 38.2M | 27.6M | 25.0M | 24.9M |
| Net Margin % | -35.5% | -48.6% | -25.3% | 33.1% | 12.0% | 6.1% | 10.7% | 13.3% | 11.6% | 10.1% | 9.8% | 12.3% |
| Net Income Attributable | -242.0M | -348.0M | -173.0M | 456.0M | 100.0M | 36.9M | 54.2M | 58.8M | 38.5M | 27.7M | 25.6M | 25.2M |
| Minority Interest | -- | 6.6M | -21.9M | -3.7M | -23,400 | -264,200 | -900,900 | -435,400 | -304,800 | -143,300 | -537,800 | -339,400 |
| Eps Basic | -1.11 | -1.60 | -0.79 | 2.23 | 0.51 | 0.26 | 0.38 | 0.47 | 0.51 | 0.36 | -- | 0.35 |
| Eps Diluted | -1.06 | -1.52 | -0.78 | 2.19 | 0.51 | 0.26 | 0.38 | 0.47 | 0.51 | 0.36 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 165.0M | 294.0M | 395.0M | 908.0M | 201.0M | 106.0M | 96.1M | 99.0M | 58.3M | 15.0M | 17.8M | 34.0M |
| Trading Financial Assets | 216.0M | 370.0M | 562.0M | 378.0M | 111.0M | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 237.0M | 205.0M | 203.0M | 273.0M | 448.0M | 310.0M | 226.0M | 189.0M | 133.0M | 96.2M | 86.6M | 70.3M |
| Notes Receivable | 146.0M | 157.0M | 151.0M | -- | -- | -- | 67.7M | 62.2M | 14.1M | 4.7M | 1.4M | 4.6M |
| Notes And Accounts Receivable | 383.0M | 361.0M | 354.0M | 273.0M | 448.0M | 310.0M | 293.0M | 251.0M | 147.0M | 101.0M | 88.0M | 74.9M |
| Prepayments | 21.4M | 13.5M | 47.9M | 231.0M | 27.1M | 6.7M | 14.9M | 6.6M | 2.5M | 2.0M | 2.9M | 2.7M |
| Inventory | 416.0M | 413.0M | 504.0M | 373.0M | 247.0M | 230.0M | 218.0M | 141.0M | 131.0M | 136.0M | 120.0M | 74.3M |
| Total Current Assets | 1.5B | 1.6B | 2.1B | 2.4B | 1.2B | 737.0M | 631.0M | 512.0M | 349.0M | 262.0M | 236.0M | 203.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | 541,500 | -- | -- | -- | -- | -- | 1.2M |
| Fixed Assets | -- | 393.0M | 425.0M | 400.0M | 332.0M | 242.0M | 206.0M | 159.0M | 97.8M | 90.0M | 83.2M | 73.8M |
| Fixed Assets Total | 924.0M | 393.0M | 425.0M | 400.0M | 332.0M | 242.0M | 206.0M | 159.0M | 97.8M | 90.0M | 83.2M | 73.8M |
| Construction In Progress | -- | 557.0M | 414.0M | 28.4M | 2.6M | 816,600 | 525,000 | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | 557.0M | 414.0M | 28.4M | 2.6M | 816,600 | 525,000 | -- | -- | -- | -- | -- |
| Intangible Assets | 32.7M | 35.8M | 35.9M | 38.5M | 31.4M | 1.3M | 1.4M | 168,300 | 199,800 | 231,300 | 743,300 | 836,300 |
| Long Term Deferred Expenses | 41.7M | 41.5M | 56.5M | 46.2M | 34.0M | 23.3M | 17.8M | 9.1M | 1.1M | 248,400 | 1.6M | 1.5M |
| Total Non Current Assets | 1.2B | 1.3B | 1.2B | 598.0M | 427.0M | 297.0M | 243.0M | 183.0M | 107.0M | 94.9M | 88.8M | 79.1M |
| Total Assets | 2.6B | 2.9B | 3.3B | 3.0B | 1.7B | 1.0B | 875.0M | 695.0M | 456.0M | 357.0M | 325.0M | 282.0M |
| Short Term Borrowings | 536.0M | 631.0M | 624.0M | 155.0M | 186.0M | 190.0M | 105.0M | 14.0M | 23.0M | -- | -- | -- |
| Accounts Payable | 164.0M | 190.0M | 113.0M | 138.0M | 143.0M | 105.0M | 63.6M | 59.5M | 49.2M | 63.5M | 49.0M | 39.5M |
| Advance Receipts | -- | -- | -- | -- | -- | 5.8M | 4.2M | 4.4M | 1.6M | 5.5M | 17.0M | 5.1M |
| Contract Liabilities | 4.0M | 2.5M | 5.7M | 14.9M | 8.2M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 880.0M | 949.0M | 918.0M | 469.0M | 507.0M | 398.0M | 310.0M | 184.0M | 165.0M | 115.0M | 117.0M | 92.0M |
| Long Term Borrowings | 87.5M | 101.0M | 116.0M | 12.7M | 56.5M | 18.5M | -- | -- | 4.9M | 10.0M | -- | -- |
| Total Non Current Liabilities | 129.0M | 144.0M | 188.0M | 104.0M | 106.0M | 45.6M | 10.5M | 11.8M | 22.6M | 13.5M | 7.4M | 14.7M |
| Total Liabilities | 1.0B | 1.1B | 1.1B | 573.0M | 613.0M | 443.0M | 321.0M | 196.0M | 188.0M | 128.0M | 124.0M | 107.0M |
| Paid In Capital | 218.0M | 218.0M | 218.0M | 217.0M | 158.0M | 142.0M | 142.0M | 101.0M | 76.0M | 76.0M | 43.3M | 43.3M |
| Capital Reserve | 1.5B | 1.4B | 1.4B | 1.4B | 548.0M | 219.0M | 219.0M | 259.0M | 112.0M | 112.0M | 76.0M | 76.0M |
| Surplus Reserve | 75.7M | 75.7M | 75.7M | 75.7M | 28.3M | 18.0M | 13.7M | 8.5M | 5.7M | 3.7M | 5.9M | 5.1M |
| Retained Earnings | -147.0M | 94.1M | 442.0M | 680.0M | 302.0M | 212.0M | 179.0M | 130.0M | 74.5M | 38.0M | 76.5M | 51.8M |
| Minority Equity | -6.9M | -8.4M | -14.4M | 6.4M | 3.4M | -1.5M | -1.2M | -884,100 | -448,600 | -990,400 | -847,100 | -309,400 |
| Equity Attributable | 1.6B | 1.8B | 2.2B | 2.4B | 1.0B | 592.0M | 555.0M | 500.0M | 269.0M | 230.0M | 201.0M | 176.0M |
| Total Equity | 1.6B | 1.8B | 2.2B | 2.4B | 1.0B | 591.0M | 554.0M | 499.0M | 269.0M | 229.0M | 200.0M | 175.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 599.0M | 636.0M | 1.0B | 1.5B | 545.0M | 490.0M | 540.0M | 325.0M | 212.0M | 168.0M | 171.0M | 154.0M |
| Tax Refunds Received | 2.1M | 3.2M | 25.2M | -- | -- | 828,000 | 700.00 | 1.9M | 95,900 | -- | -- | 2.5M |
| Total Operating Cash Inflow | 650.0M | 725.0M | 1.1B | 1.5B | 571.0M | 513.0M | 561.0M | 333.0M | 221.0M | 171.0M | 173.0M | 157.0M |
| Cash Paid For Goods | 450.0M | 544.0M | 863.0M | 860.0M | 500.0M | 425.0M | 442.0M | 262.0M | 88.1M | 90.4M | 110.0M | 96.1M |
| Cash Paid To Employees | 140.0M | 143.0M | 128.0M | 121.0M | 80.5M | 77.2M | 79.2M | 58.6M | 52.9M | 46.6M | 41.7M | 29.5M |
| Taxes Paid | 29.8M | 4.7M | 47.3M | 131.0M | 13.0M | 15.8M | 7.8M | 14.3M | 21.9M | 14.8M | 5.6M | 4.7M |
| Total Operating Cash Outflow | 699.0M | 772.0M | 1.1B | 1.2B | 653.0M | 549.0M | 558.0M | 352.0M | 173.0M | 166.0M | 170.0M | 140.0M |
| Operating Cash Flow | -49.2M | -47.0M | 3.3M | 364.0M | -82.5M | -36.6M | 3.0M | -18.5M | 47.6M | 4.7M | 3.8M | 17.1M |
| Total Investing Cash Inflow | 1.7B | 1.6B | 2.3B | 1.1B | 588.0M | 2.7M | 3.3M | 120,800 | -- | 10,200 | 20.5M | 54.5M |
| Total Investing Cash Outflow | 1.6B | 1.7B | 3.1B | 1.5B | 771.0M | 31.0M | 79.6M | 64.2M | 20.0M | 12.0M | 32.8M | 98.8M |
| Investing Cash Flow | 41.5M | -86.3M | -781.0M | -331.0M | -183.0M | -28.3M | -76.3M | -64.1M | -20.0M | -12.0M | -12.3M | -44.3M |
| Cash From Borrowings | 786.0M | 811.0M | 736.0M | 88.1M | 277.0M | 288.0M | 110.0M | 39.0M | 8.0M | 15.0M | -- | -- |
| Dividends And Interest Paid | 14.0M | 17.2M | 79.0M | 43.0M | 10.3M | 7.8M | 4.4M | 966,800 | 833,800 | -- | -- | -- |
| Debt Repayments | 876.0M | 728.0M | 366.0M | 223.0M | 239.0M | 185.0M | 19.0M | 43.0M | 5.0M | -- | -- | -- |
| Total Financing Cash Inflow | 787.0M | 811.0M | 755.0M | 993.0M | 627.0M | 299.0M | 110.0M | 234.0M | 48.5M | 28.9M | 15.9M | 46.0M |
| Total Financing Cash Outflow | 910.0M | 822.0M | 547.0M | 305.0M | 268.0M | 213.0M | 57.1M | 102.0M | 53.1M | 19.6M | 21.0M | 28.1M |
| Financing Cash Flow | -123.0M | -10.8M | 208.0M | 688.0M | 359.0M | 85.9M | 52.9M | 132.0M | -4.6M | 9.3M | -5.2M | 17.9M |
| Net Change In Cash | -131.0M | -144.0M | -570.0M | 721.0M | 93.4M | 21.1M | -20.4M | 49.0M | 23.2M | 2.0M | -13.7M | -9.4M |
| Ending Cash Balance | 50.4M | 181.0M | 326.0M | 896.0M | 175.0M | 81.2M | 60.1M | 80.5M | 31.5M | 8.3M | 6.3M | 20.0M |
| Capex | 95.8M | 211.0M | 513.0M | 101.0M | 93.1M | 30.2M | 79.6M | 64.2M | 20.0M | 12.0M | 22.3M | 36.7M |