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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.8B | 166.0M | 394.0M | 1.3B | 797.0M | 411.0M | 251.0M |
| Revenue Growth % | -35.2% | 970.5% | -57.9% | -70.2% | 65.6% | 93.9% | 63.7% | -- |
| Total Revenue | 1.2B | 1.8B | 166.0M | 394.0M | 1.3B | 797.0M | 411.0M | 251.0M |
| Cost Of Revenue | 968.0M | 1.5B | 159.0M | 309.0M | 846.0M | 514.0M | 299.0M | 185.0M |
| Gross Profit | 184.0M | 238.0M | 7.0M | 85.0M | 474.0M | 283.0M | 112.0M | 66.0M |
| Gross Margin % | 16.0% | 13.4% | 4.2% | 21.6% | 35.9% | 35.5% | 27.3% | 26.3% |
| Total Operating Cost | 1.4B | 1.7B | 239.0M | 375.0M | 1.0B | 639.0M | 364.0M | 216.0M |
| Selling Expenses | 17.2M | 13.7M | 13.5M | 21.2M | 46.0M | 41.9M | 16.9M | 9.3M |
| Admin Expenses | 66.1M | 49.1M | 31.2M | 32.7M | 41.7M | 37.2M | 7.5M | 6.1M |
| Rd Expenses | 34.5M | 46.0M | 14.9M | 20.8M | 43.9M | 27.5M | 13.4M | 7.6M |
| Finance Expenses | 25.7M | 23.3M | -9.3M | -8.4M | 25.3M | 15.5M | 11.7M | 8.1M |
| Operating Income | -189.0M | 92.0M | -61.6M | 20.5M | 280.0M | 157.0M | 50.5M | 36.0M |
| Operating Margin % | -16.4% | 5.2% | -37.1% | 5.2% | 21.2% | 19.7% | 12.3% | 14.4% |
| Non Operating Income | 1.6M | 635,900 | 75,200 | 2.1M | 1.2M | 455,400 | 156,900 | 600.00 |
| Non Operating Expenses | 1.3M | 2.1M | 1.4M | 27,100 | 1.1M | 229,800 | 15,200 | -- |
| Investment Income | -6.1M | -5.9M | -2.5M | -2.0M | -4.7M | -2.4M | 2.4M | -9,355 |
| Fair Value Change Income | 7.4M | -- | -- | -- | 15,200 | -- | -- | -- |
| Asset Disposal Income | -70,600 | 393,800 | 241,100 | -314,300 | -38,800 | 219,700 | -- | 96,400 |
| Asset Impairment Loss | 208.0M | 4.9M | 26.6M | 4.7M | 21.6M | 3.2M | 13.2M | -909,500 |
| Other Income | 12.8M | 10.4M | 14.1M | 4.2M | 2.8M | 819,000 | 834,800 | 50,000 |
| Income Before Tax | -188.0M | 90.5M | -62.9M | 22.6M | 280.0M | 157.0M | 50.6M | 36.0M |
| Income Tax | 3.9M | 34.5M | -11.1M | 1.9M | 46.1M | 25.6M | 7.0M | 7.2M |
| Net Income | -192.0M | 56.0M | -51.8M | 20.7M | 234.0M | 132.0M | 43.6M | 28.8M |
| Net Margin % | -16.7% | 3.2% | -31.2% | 5.2% | 17.7% | 16.6% | 10.6% | 11.5% |
| Net Income Attributable | -192.0M | 56.2M | -51.6M | 19.3M | 225.0M | 121.0M | 43.6M | 28.8M |
| Minority Interest | -258,600 | -218,400 | -230,500 | 1.4M | 8.5M | 11.0M | -- | -- |
| Eps Basic | -1.03 | 0.30 | -0.39 | 0.16 | 2.25 | 1.21 | -- | -- |
| Eps Diluted | -1.03 | 0.30 | -0.39 | 0.16 | 2.25 | 1.21 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 136.0M | 337.0M | 151.0M | 542.0M | 23.9M | 127.0M | 46.3M | 141,900 |
| Trading Financial Assets | 11.4M | -- | 17.9M | -- | 129.0M | -- | -- | -- |
| Accounts Receivable | 220.0M | 171.0M | 54.7M | 47.9M | 228.0M | 144.0M | 91.7M | 10.0M |
| Notes Receivable | 280,300 | -- | -- | -- | -- | -- | 30.9M | 15.9M |
| Notes And Accounts Receivable | 220.0M | 171.0M | 54.7M | 47.9M | 228.0M | 144.0M | 123.0M | 25.9M |
| Prepayments | 46.0M | 43.1M | 27.7M | 16.3M | 17.5M | 30.8M | 28.8M | 11.4M |
| Inventory | 648.0M | 651.0M | 277.0M | 217.0M | 214.0M | 188.0M | 118.0M | 65.6M |
| Total Current Assets | 1.2B | 1.3B | 598.0M | 979.0M | 724.0M | 521.0M | 478.0M | 108.0M |
| Long Term Equity Investment | 22.2M | 63.1M | 66.4M | 20.0M | -- | -- | -- | 19.6M |
| Fixed Assets | -- | 809.0M | 111.0M | 121.0M | 128.0M | 105.0M | 95.2M | 70.9M |
| Fixed Assets Total | 782.0M | 809.0M | 111.0M | 121.0M | 128.0M | 105.0M | 95.2M | 70.9M |
| Construction In Progress | -- | 158.0M | 640.0M | 197.0M | 45.8M | 3.9M | -- | -- |
| Construction In Progress Total | 18.0M | 161.0M | 644.0M | 197.0M | 45.8M | 3.9M | -- | -- |
| Intangible Assets | 112.0M | 114.0M | 117.0M | 89.8M | 83.7M | 34.0M | 34.6M | 35.2M |
| Long Term Deferred Expenses | 2.0M | 2.9M | 1.6M | -- | -- | -- | -- | -- |
| Total Non Current Assets | 1.0B | 1.2B | 1.0B | 484.0M | 275.0M | 183.0M | 144.0M | 136.0M |
| Total Assets | 2.2B | 2.5B | 1.6B | 1.5B | 999.0M | 704.0M | 622.0M | 244.0M |
| Short Term Borrowings | 210.0M | 85.1M | 100.0M | -- | 237.0M | 195.0M | 234.0M | 56.0M |
| Accounts Payable | 377.0M | 529.0M | 196.0M | 105.0M | 197.0M | 182.0M | 92.9M | 50.0M |
| Advance Receipts | 275,200 | 377,800 | 50,400 | 106,800 | 137,800 | 1.8M | 1.7M | -- |
| Contract Liabilities | 22.8M | 179.0M | 19.7M | 2.9M | 997,900 | -- | -- | -- |
| Total Current Liabilities | 768.0M | 925.0M | 356.0M | 135.0M | 463.0M | 422.0M | 396.0M | 154.0M |
| Long Term Borrowings | 355.0M | 308.0M | 48.0M | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 479.0M | 371.0M | 75.4M | 42.8M | 40.7M | 21.7M | 11.0M | 3.8M |
| Total Liabilities | 1.2B | 1.3B | 432.0M | 178.0M | 503.0M | 443.0M | 407.0M | 158.0M |
| Paid In Capital | 187.0M | 133.0M | 133.0M | 133.0M | 100.0M | 100.0M | 80.1M | 19.4M |
| Capital Reserve | 763.0M | 817.0M | 814.0M | 826.0M | 82.3M | 82.3M | 63.7M | 63.7M |
| Surplus Reserve | 49.5M | 46.1M | 31.0M | 31.0M | 28.1M | 5.0M | 4.2M | 265,000 |
| Retained Earnings | -11.8M | 237.0M | 195.0M | 263.0M | 247.0M | 43.1M | 42.0M | 2.4M |
| Minority Equity | 8.0M | 8.2M | 8.4M | 31.6M | 38.3M | 29.7M | 24.6M | -- |
| Equity Attributable | 972.0M | 1.2B | 1.2B | 1.3B | 457.0M | 230.0M | 190.0M | 85.7M |
| Total Equity | 980.0M | 1.2B | 1.2B | 1.3B | 495.0M | 260.0M | 215.0M | 85.7M |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 637.0M | 1.5B | 184.0M | 386.0M | 928.0M | 551.0M | 191.0M | 52.6M |
| Tax Refunds Received | 56.0M | 7.9M | 9.9M | 3.8M | -- | -- | -- | -- |
| Total Operating Cash Inflow | 752.0M | 1.5B | 226.0M | 410.0M | 963.0M | 565.0M | 193.0M | 53.8M |
| Cash Paid For Goods | 731.0M | 1.3B | 120.0M | 219.0M | 614.0M | 337.0M | 129.0M | 82.8M |
| Cash Paid To Employees | 108.0M | 107.0M | 46.8M | 58.7M | 73.8M | 44.3M | 18.7M | 13.4M |
| Taxes Paid | 83.1M | 29.2M | 10.0M | 34.3M | 122.0M | 56.6M | 17.3M | 6.2M |
| Total Operating Cash Outflow | 1.0B | 1.5B | 205.0M | 355.0M | 880.0M | 485.0M | 177.0M | 107.0M |
| Operating Cash Flow | -249.0M | 73.3M | 21.4M | 55.2M | 82.3M | 79.9M | 15.6M | -53.3M |
| Total Investing Cash Inflow | 300.0M | 4.0M | 40.8M | 129.0M | 101.0M | 66.8M | 5.9M | -- |
| Total Investing Cash Outflow | 347.0M | 167.0M | 538.0M | 185.0M | 317.0M | 87.8M | 7.0M | 38.9M |
| Investing Cash Flow | -46.6M | -163.0M | -497.0M | -55.9M | -216.0M | -21.0M | -1.1M | -38.9M |
| Cash From Borrowings | 485.0M | 427.0M | 238.0M | -- | 437.0M | 335.0M | 252.0M | 112.0M |
| Dividends And Interest Paid | 88.1M | 27.1M | 21.7M | 21.6M | 21.1M | 12.2M | 6.7M | 3.2M |
| Debt Repayments | 276.0M | 127.0M | 90.0M | 237.0M | 395.0M | 372.0M | 76.0M | 106.0M |
| Total Financing Cash Inflow | 485.0M | 427.0M | 240.0M | 788.0M | 463.0M | 780.0M | 541.0M | 315.0M |
| Total Financing Cash Outflow | 386.0M | 156.0M | 150.0M | 274.0M | 432.0M | 759.0M | 510.0M | 222.0M |
| Financing Cash Flow | 98.8M | 271.0M | 89.7M | 514.0M | 31.1M | 21.8M | 31.2M | 92.3M |
| Net Change In Cash | -197.0M | 181.0M | -386.0M | 513.0M | -103.0M | 80.7M | 45.8M | 111,700 |
| Ending Cash Balance | 136.0M | 332.0M | 151.0M | 537.0M | 23.9M | 127.0M | 45.9M | 141,900 |
| Capex | 43.0M | 167.0M | 431.0M | 163.0M | 85.6M | 13.1M | 4.3M | 16.3M |