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 | 359.0M | 848.0M | 643.0M | 271.0M | 243.0M |
| Revenue Growth % | -57.7% | 31.9% | 137.3% | 11.5% | -- |
| Total Revenue | 359.0M | 848.0M | 643.0M | 271.0M | 243.0M |
| Cost Of Revenue | 381.0M | 540.0M | 416.0M | 233.0M | 191.0M |
| Gross Profit | -22.0M | 308.0M | 227.0M | 38.0M | 52.0M |
| Gross Margin % | -6.1% | 36.3% | 35.3% | 14.0% | 21.4% |
| Total Operating Cost | 640.0M | 728.0M | 543.0M | 361.0M | 258.0M |
| Selling Expenses | 18.6M | 41.1M | 28.5M | 7.7M | 6.6M |
| Admin Expenses | 36.4M | 48.6M | 40.1M | 30.1M | 23.0M |
| Rd Expenses | 27.7M | 61.3M | 38.0M | 17.3M | 15.4M |
| Finance Expenses | 10.8M | 11.5M | 9.8M | 16.4M | 18.2M |
| Operating Income | -274.0M | 123.0M | 102.0M | -85.1M | -2.7M |
| Operating Margin % | -76.3% | 14.5% | 15.9% | -31.4% | -1.1% |
| Non Operating Income | 454,000 | 333,300 | 26,800 | 71,100 | 25,700 |
| Non Operating Expenses | 523,800 | 353,000 | 209,000 | 1.2M | 2,700 |
| Investment Income | -4.0M | -1.3M | -- | -- | -- |
| Asset Disposal Income | -180,100 | -442,200 | -13,300 | -9,900 | -43,000 |
| Asset Impairment Loss | 150.0M | 9.0M | 2.0M | 44.6M | 2.7M |
| Other Income | 11.1M | 4.6M | 2.4M | 5.0M | 12.8M |
| Income Before Tax | -274.0M | 123.0M | 102.0M | -86.2M | -2.7M |
| Income Tax | -26.4M | 10.6M | 12.0M | -6.3M | -4.2M |
| Net Income | -247.0M | 112.0M | 90.2M | -79.9M | 1.5M |
| Net Margin % | -68.8% | 13.2% | 14.0% | -29.5% | 0.6% |
| Net Income Attributable | -244.0M | 112.0M | 91.0M | -78.1M | 1.5M |
| Minority Interest | -3.7M | -238,700 | -757,000 | -1.8M | -- |
| Eps Basic | -0.63 | 0.33 | 0.42 | -0.73 | 0.01 |
| Eps Diluted | -0.63 | 0.33 | 0.42 | -0.73 | 0.01 |
| 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 | 323.0M | 278.0M | 120.0M | 85.2M | 99.2M |
| Accounts Receivable | 173.0M | 234.0M | 241.0M | 131.0M | 123.0M |
| Notes Receivable | 52.6M | 234.0M | 207.0M | 89.5M | 602,700 |
| Notes And Accounts Receivable | 225.0M | 467.0M | 447.0M | 220.0M | 124.0M |
| Prepayments | 27.4M | 21.7M | 4.7M | 2.6M | 939,900 |
| Inventory | 155.0M | 217.0M | 167.0M | 106.0M | 143.0M |
| Total Current Assets | 766.0M | 1.1B | 797.0M | 454.0M | 510.0M |
| Long Term Equity Investment | 13.0M | 17.0M | -- | -- | -- |
| Fixed Assets | -- | 665.0M | 583.0M | 502.0M | 358.0M |
| Fixed Assets Total | 661.0M | 665.0M | 583.0M | 502.0M | 358.0M |
| Construction In Progress | -- | 73.0M | 82.9M | 37.7M | 178.0M |
| Construction In Progress Total | 51.3M | 73.1M | 83.0M | 38.0M | 178.0M |
| Intangible Assets | 53.2M | 45.8M | 37.1M | 38.2M | 39.3M |
| Long Term Deferred Expenses | 11.1M | 10.3M | 2.1M | 602,700 | -- |
| Total Non Current Assets | 951.0M | 1.0B | 735.0M | 641.0M | 627.0M |
| Total Assets | 1.7B | 2.2B | 1.5B | 1.1B | 1.1B |
| Short Term Borrowings | 210.0M | 147.0M | 280.0M | 213.0M | 215.0M |
| Accounts Payable | 157.0M | 210.0M | 191.0M | 109.0M | 94.1M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 905,400 | 849,300 | 918,200 | 63,000 | 996,200 |
| Total Current Liabilities | 622.0M | 685.0M | 702.0M | 597.0M | 391.0M |
| Long Term Borrowings | 74.5M | 142.0M | 72.5M | 41.5M | 32.6M |
| Total Non Current Liabilities | 144.0M | 179.0M | 77.5M | 44.2M | 213.0M |
| Total Liabilities | 765.0M | 865.0M | 780.0M | 641.0M | 603.0M |
| Paid In Capital | 391.0M | 279.0M | 122.0M | 107.0M | 82.4M |
| Capital Reserve | 598.0M | 709.0M | 451.0M | 215.0M | 240.0M |
| Surplus Reserve | 39.3M | 39.3M | 31.8M | 27.8M | 27.8M |
| Retained Earnings | -23.3M | 255.0M | 150.0M | 62.8M | 141.0M |
| Minority Equity | 11.4M | 14.1M | -2.1M | -1.3M | -- |
| Equity Attributable | 940.0M | 1.3B | 754.0M | 455.0M | 533.0M |
| Total Equity | 951.0M | 1.3B | 752.0M | 454.0M | 533.0M |
| 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 | 344.0M | 396.0M | 201.0M | 181.0M | 111.0M |
| Tax Refunds Received | 10.8M | -- | -- | 2.3M | 8.8M |
| Total Operating Cash Inflow | 394.0M | 403.0M | 206.0M | 192.0M | 141.0M |
| Cash Paid For Goods | 71.4M | 129.0M | 58.9M | 66.2M | 32.1M |
| Cash Paid To Employees | 92.8M | 110.0M | 88.2M | 68.1M | 61.3M |
| Taxes Paid | 10.5M | 58.3M | 17.0M | 11.2M | 6.6M |
| Total Operating Cash Outflow | 202.0M | 371.0M | 191.0M | 162.0M | 113.0M |
| Operating Cash Flow | 192.0M | 32.7M | 15.7M | 29.7M | 27.3M |
| Total Investing Cash Inflow | 238,300 | 2.2M | 190,200 | 6.0M | 29,000 |
| Total Investing Cash Outflow | 29.0M | 159.0M | 111.0M | 49.0M | 87.2M |
| Investing Cash Flow | -28.7M | -157.0M | -111.0M | -43.1M | -87.2M |
| Cash From Borrowings | 319.0M | 416.0M | 402.0M | 240.0M | 265.0M |
| Dividends And Interest Paid | 47.3M | 14.3M | 11.9M | 13.5M | 13.4M |
| Debt Repayments | 279.0M | 492.0M | 252.0M | 228.0M | 284.0M |
| Total Financing Cash Inflow | 360.0M | 797.0M | 407.0M | 244.0M | 269.0M |
| Total Financing Cash Outflow | 489.0M | 519.0M | 279.0M | 246.0M | 300.0M |
| Financing Cash Flow | -129.0M | 278.0M | 128.0M | -2.0M | -30.9M |
| Net Change In Cash | 35.1M | 154.0M | 33.0M | -15.5M | -91.3M |
| Ending Cash Balance | 303.0M | 268.0M | 114.0M | 81.1M | 96.6M |
| Capex | 29.0M | 87.5M | 111.0M | 47.5M | 87.2M |