Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | 838.0M | 851.0M | 867.0M | 994.0M | 1.1B |
| Revenue Growth % | -1.5% | -1.8% | -12.8% | -8.0% | -- |
| Total Revenue | 838.0M | 851.0M | 867.0M | 994.0M | 1.1B |
| Cost Of Revenue | 637.0M | 636.0M | 678.0M | 837.0M | 842.0M |
| Gross Profit | 201.0M | 215.0M | 189.0M | 157.0M | 239.0M |
| Gross Margin % | 24.0% | 25.3% | 21.8% | 15.8% | 22.1% |
| Total Operating Cost | 846.0M | 812.0M | 830.0M | 938.0M | 958.0M |
| Selling Expenses | 29.2M | 33.0M | 24.8M | 12.8M | 10.7M |
| Admin Expenses | 84.5M | 68.7M | 64.4M | 57.3M | 42.2M |
| Rd Expenses | 52.0M | 45.3M | 48.7M | 45.0M | 48.9M |
| Finance Expenses | 2.7M | -13.6M | -3.8M | -33.5M | 1.6M |
| Operating Income | -779,300 | 44.3M | 44.8M | 57.3M | 135.0M |
| Operating Margin % | -0.1% | 5.2% | 5.2% | 5.8% | 12.5% |
| Non Operating Income | 92,900 | 160,000 | 249,600 | 163,900 | 5,200 |
| Non Operating Expenses | 956,800 | 1.9M | 801,700 | 653,300 | 159,800 |
| Investment Income | 1.6M | -936,300 | 5.1M | -3.8M | 2.2M |
| Asset Disposal Income | 2.6M | 611,300 | 56,200 | -822,900 | 17,700 |
| Asset Impairment Loss | 34.6M | 31.5M | 18.7M | 15.3M | 4.7M |
| Other Income | 3.1M | 5.0M | 2.5M | 5.7M | 9.8M |
| Income Before Tax | -1.6M | 42.6M | 44.2M | 56.8M | 135.0M |
| Income Tax | 3.1M | 6.6M | 10.9M | 14.7M | 10.0M |
| Net Income | -4.8M | 36.0M | 33.3M | 42.1M | 125.0M |
| Net Margin % | -0.6% | 4.2% | 3.8% | 4.2% | 11.6% |
| Net Income Attributable | 12.2M | 55.3M | 47.6M | 45.4M | 127.0M |
| Minority Interest | -16.9M | -19.3M | -14.3M | -3.2M | -2.2M |
| Eps Basic | 0.04 | 0.18 | 0.15 | 0.19 | 0.80 |
| Eps Diluted | 0.04 | 0.18 | 0.15 | 0.19 | 0.80 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 462.0M | 472.0M | 497.0M | 357.0M | 371.0M |
| Accounts Receivable | 260.0M | 240.0M | 180.0M | 300.0M | 310.0M |
| Notes Receivable | 2.8M | 659,800 | -- | -- | -- |
| Notes And Accounts Receivable | 263.0M | 241.0M | 180.0M | 300.0M | 310.0M |
| Prepayments | 1.8M | 5.5M | 3.7M | 4.3M | 2.7M |
| Inventory | 168.0M | 175.0M | 177.0M | 240.0M | 333.0M |
| Total Current Assets | 939.0M | 927.0M | 899.0M | 940.0M | 1.1B |
| Long Term Equity Investment | 2.2M | 2.9M | -- | 23.5M | 26.5M |
| Fixed Assets | 494.0M | 531.0M | 424.0M | 446.0M | 285.0M |
| Fixed Assets Total | 494.0M | 531.0M | 424.0M | 446.0M | 285.0M |
| Construction In Progress | 10.2M | -- | 110.0M | 53.7M | 135.0M |
| Construction In Progress Total | 10.2M | -- | 110.0M | 53.7M | 135.0M |
| Intangible Assets | 50.1M | 85.1M | 97.9M | 60.7M | 62.1M |
| Long Term Deferred Expenses | 844,100 | 1.9M | 1.8M | 2.6M | 1.8M |
| Total Non Current Assets | 574.0M | 637.0M | 657.0M | 626.0M | 565.0M |
| Total Assets | 1.5B | 1.6B | 1.6B | 1.6B | 1.6B |
| Short Term Borrowings | 2.9M | -- | -- | -- | -- |
| Accounts Payable | 198.0M | 195.0M | 166.0M | 173.0M | 262.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 2.2M | 2.7M | 3.5M | 2.9M | 7.3M |
| Total Current Liabilities | 269.0M | 278.0M | 257.0M | 305.0M | 388.0M |
| Total Non Current Liabilities | 27.9M | 25.0M | 32.4M | 26.0M | 19.5M |
| Total Liabilities | 297.0M | 303.0M | 289.0M | 331.0M | 408.0M |
| Paid In Capital | 312.0M | 312.0M | 240.0M | 160.0M | 160.0M |
| Capital Reserve | 501.0M | 501.0M | 580.0M | 580.0M | 585.0M |
| Surplus Reserve | 63.6M | 63.6M | 59.8M | 58.4M | 53.1M |
| Retained Earnings | 383.0M | 402.0M | 374.0M | 432.0M | 416.0M |
| Minority Equity | -21.3M | -4.4M | 7.4M | -1.4M | -136,100 |
| Equity Attributable | 1.2B | 1.3B | 1.3B | 1.2B | 1.2B |
| Total Equity | 1.2B | 1.3B | 1.3B | 1.2B | 1.2B |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 819.0M | 808.0M | 983.0M | 1.1B | 1.1B |
| Tax Refunds Received | 20.0M | 33.8M | 37.7M | 44.8M | 57.0M |
| Total Operating Cash Inflow | 860.0M | 860.0M | 1.0B | 1.1B | 1.2B |
| Cash Paid For Goods | 540.0M | 555.0M | 525.0M | 722.0M | 1.0B |
| Cash Paid To Employees | 218.0M | 202.0M | 202.0M | 196.0M | 188.0M |
| Taxes Paid | 17.1M | 19.0M | 20.1M | 16.7M | 26.3M |
| Total Operating Cash Outflow | 812.0M | 814.0M | 783.0M | 969.0M | 1.3B |
| Operating Cash Flow | 48.9M | 46.4M | 256.0M | 156.0M | -112.0M |
| Total Investing Cash Inflow | 1.9M | 914,600 | 77,900 | 131.0M | 201.0M |
| Total Investing Cash Outflow | 19.8M | 39.4M | 84.8M | 123.0M | 404.0M |
| Investing Cash Flow | -17.8M | -38.4M | -84.7M | 8.3M | -203.0M |
| Cash From Borrowings | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 31.0M | 23.8M | 24.0M | 24.0M | 53.3M |
| Debt Repayments | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 2.9M | 30,000 | 300,000 | -- | -- |
| Total Financing Cash Outflow | 36.8M | 47.3M | 38.3M | 36.5M | 60.7M |
| Financing Cash Flow | -33.9M | -47.2M | -38.0M | -36.5M | -60.7M |
| Net Change In Cash | -3.8M | -25.4M | 137.0M | 133.0M | -378.0M |
| Ending Cash Balance | 462.0M | 466.0M | 492.0M | 355.0M | 222.0M |
| Capex | 19.8M | 35.3M | 78.7M | 122.0M | 247.0M |