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 | 1.0B | 740.0M | 664.0M | 237.0M | 315.0M |
| Revenue Growth % | 41.6% | 11.4% | 180.2% | -24.8% | -- |
| Total Revenue | 1.0B | 740.0M | 664.0M | 237.0M | 315.0M |
| Cost Of Revenue | 745.0M | 426.0M | 310.0M | 134.0M | 143.0M |
| Gross Profit | 303.0M | 314.0M | 354.0M | 103.0M | 172.0M |
| Gross Margin % | 28.9% | 42.4% | 53.3% | 43.5% | 54.6% |
| Total Operating Cost | 1.1B | 663.0M | 500.0M | 221.0M | 207.0M |
| Selling Expenses | 11.4M | 5.2M | 2.9M | 1.6M | 1.6M |
| Admin Expenses | 137.0M | 107.0M | 88.8M | 46.7M | 23.7M |
| Rd Expenses | 83.1M | 57.5M | 45.7M | 25.9M | 13.6M |
| Finance Expenses | 79.6M | 57.4M | 27.1M | 1.2M | 5.2M |
| Operating Income | -66.2M | 96.9M | 175.0M | 33.6M | 115.0M |
| Operating Margin % | -6.3% | 13.1% | 26.4% | 14.2% | 36.5% |
| Non Operating Income | 532,100 | 600,100 | 371,100 | 8.3M | 149,600 |
| Non Operating Expenses | 2.9M | 883,000 | 1.5M | 97,500 | 220,200 |
| Investment Income | -8.8M | 2.6M | 3.7M | 5.9M | -- |
| Fair Value Change Income | -- | -- | -- | -- | 166,900 |
| Asset Disposal Income | 1.5M | 304,800 | 205,600 | -20,700 | -- |
| Asset Impairment Loss | 34.7M | 4.5M | -- | -- | -- |
| Other Income | 19.6M | 17.1M | 7.1M | 11.2M | 7.8M |
| Income Before Tax | -68.5M | 96.6M | 174.0M | 41.8M | 115.0M |
| Income Tax | -19.5M | -4.5M | 3.3M | 4.1M | 14.7M |
| Net Income | -49.0M | 101.0M | 171.0M | 37.7M | 101.0M |
| Net Margin % | -4.7% | 13.6% | 25.8% | 15.9% | 32.1% |
| Net Income Attributable | -49.1M | 105.0M | 150.0M | 38.4M | 101.0M |
| Minority Interest | 122,400 | -3.5M | 20.5M | -679,100 | -- |
| Eps Basic | -0.17 | 0.35 | 0.71 | 0.18 | 0.60 |
| Eps Diluted | -0.17 | 0.35 | 0.71 | 0.18 | 0.60 |
| 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 | 419.0M | 381.0M | 158.0M | 363.0M | 523.0M |
| Trading Financial Assets | -- | -- | -- | -- | 145.0M |
| Accounts Receivable | 762.0M | 666.0M | 636.0M | 415.0M | 403.0M |
| Notes Receivable | 51.9M | 62.2M | 45.0M | 23.1M | 16.6M |
| Notes And Accounts Receivable | 814.0M | 728.0M | 681.0M | 438.0M | 420.0M |
| Prepayments | 6.1M | 12.0M | 19.4M | 3.4M | 4.7M |
| Inventory | 698.0M | 453.0M | 316.0M | 169.0M | 80.7M |
| Total Current Assets | 2.1B | 1.7B | 1.2B | 1.0B | 1.2B |
| Long Term Equity Investment | 16.1M | 19.2M | 9.3M | 10.0M | -- |
| Fixed Assets | -- | 1.6B | 1.1B | 500.0M | 308.0M |
| Fixed Assets Total | 2.2B | 1.6B | 1.1B | 500.0M | 314.0M |
| Construction In Progress | -- | 424.0M | 181.0M | 327.0M | 89.5M |
| Construction In Progress Total | 139.0M | 424.0M | 181.0M | 327.0M | 89.5M |
| Intangible Assets | 84.8M | 85.1M | 42.9M | 40.6M | 37.6M |
| Long Term Deferred Expenses | 28.5M | 24.7M | 26.0M | 11.1M | 14.1M |
| Total Non Current Assets | 2.9B | 2.7B | 1.9B | 1.3B | 506.0M |
| Total Assets | 5.0B | 4.4B | 3.1B | 2.3B | 1.7B |
| Short Term Borrowings | 229.0M | 85.2M | 140.0M | 69.9M | 27.9M |
| Accounts Payable | 462.0M | 264.0M | 171.0M | 73.8M | 44.9M |
| Advance Receipts | -- | -- | -- | 1.7M | -- |
| Contract Liabilities | 7.7M | 8.9M | 15.6M | 12.2M | 6.7M |
| Total Current Liabilities | 1.5B | 932.0M | 552.0M | 215.0M | 140.0M |
| Long Term Borrowings | 1.1B | 980.0M | 598.0M | 373.0M | -- |
| Total Non Current Liabilities | 1.9B | 1.7B | 729.0M | 442.0M | 29.3M |
| Total Liabilities | 3.4B | 2.6B | 1.3B | 657.0M | 169.0M |
| Paid In Capital | 297.0M | 212.0M | 211.0M | 210.0M | 210.0M |
| Capital Reserve | 726.0M | 754.0M | 983.0M | 1.1B | 1.1B |
| Surplus Reserve | 59.6M | 48.1M | 33.6M | 27.3M | 23.1M |
| Retained Earnings | 311.0M | 435.0M | 387.0M | 243.0M | 231.0M |
| Minority Equity | 191.0M | 191.0M | 252.0M | 138.0M | -- |
| Equity Attributable | 1.4B | 1.5B | 1.6B | 1.5B | 1.5B |
| Total Equity | 1.6B | 1.7B | 1.8B | 1.7B | 1.5B |
| 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 | 1.0B | 778.0M | 482.0M | 233.0M | 196.0M |
| Tax Refunds Received | -- | 10.7M | 46.1M | -- | -- |
| Total Operating Cash Inflow | 1.1B | 845.0M | 557.0M | 293.0M | 209.0M |
| Cash Paid For Goods | 553.0M | 280.0M | 194.0M | 188.0M | 98.8M |
| Cash Paid To Employees | 386.0M | 263.0M | 166.0M | 76.0M | 48.3M |
| Taxes Paid | 40.8M | 55.8M | 38.4M | 22.7M | 33.1M |
| Total Operating Cash Outflow | 1.0B | 667.0M | 447.0M | 329.0M | 232.0M |
| Operating Cash Flow | 81.9M | 178.0M | 110.0M | -36.4M | -23.4M |
| Total Investing Cash Inflow | 16.9M | 6.3M | 2.4M | 885.0M | 655,000 |
| Total Investing Cash Outflow | 400.0M | 877.0M | 712.0M | 1.4B | 304.0M |
| Investing Cash Flow | -383.0M | -871.0M | -710.0M | -546.0M | -304.0M |
| Cash From Borrowings | 967.0M | 1.5B | 443.0M | 357.0M | 259.0M |
| Dividends And Interest Paid | 73.2M | 97.8M | 25.1M | 24.7M | 8.1M |
| Debt Repayments | 555.0M | 314.0M | 77.5M | 9.0M | 337.0M |
| Total Financing Cash Inflow | 1.1B | 1.5B | 676.0M | 507.0M | 1.2B |
| Total Financing Cash Outflow | 733.0M | 611.0M | 282.0M | 53.7M | 385.0M |
| Financing Cash Flow | 339.0M | 917.0M | 394.0M | 453.0M | 790.0M |
| Net Change In Cash | 37.5M | 224.0M | -206.0M | -130.0M | 463.0M |
| Ending Cash Balance | 419.0M | 381.0M | 158.0M | 363.0M | 493.0M |
| Capex | 400.0M | 826.0M | 704.0M | 380.0M | 159.0M |