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 | 337.0M | 227.0M | 270.0M | 317.0M | 191.0M |
| Revenue Growth % | 48.5% | -15.9% | -14.8% | 66.0% | -- |
| Total Revenue | 337.0M | 227.0M | 270.0M | 317.0M | 191.0M |
| Cost Of Revenue | 191.0M | 118.0M | 120.0M | 148.0M | 91.4M |
| Gross Profit | 146.0M | 109.0M | 150.0M | 169.0M | 99.6M |
| Gross Margin % | 43.3% | 48.0% | 55.6% | 53.3% | 52.2% |
| Total Operating Cost | 339.0M | 248.0M | 217.0M | 215.0M | 130.0M |
| Selling Expenses | 17.9M | 19.3M | 7.4M | 6.6M | 4.0M |
| Admin Expenses | 43.3M | 37.6M | 26.1M | 14.2M | 10.5M |
| Rd Expenses | 63.1M | 63.4M | 52.2M | 29.1M | 14.2M |
| Finance Expenses | -1.6M | -6.6M | -302,400 | 2.1M | 910,700 |
| Operating Income | 7.1M | -9.3M | 72.4M | 103.0M | 61.1M |
| Operating Margin % | 2.1% | -4.1% | 26.8% | 32.5% | 32.0% |
| Non Operating Income | 1.0M | 700,200 | 58,300 | 3.0M | 0.00 |
| Non Operating Expenses | 421,100 | 543,400 | 5.6M | 5,700 | 259,400 |
| Investment Income | 6.8M | 8.1M | 15.7M | -- | -- |
| Fair Value Change Income | 69,900 | 1.2M | -- | -- | -- |
| Asset Disposal Income | -- | -3,200 | -4,200 | -- | -- |
| Asset Impairment Loss | 2.2M | 384,800 | 95,700 | -270,800 | 247,100 |
| Other Income | 2.5M | 1.7M | 3.7M | 1.7M | 696,700 |
| Income Before Tax | 7.6M | -9.1M | 66.9M | 106.0M | 60.8M |
| Income Tax | -3.5M | -3.3M | 5.5M | 13.3M | 8.0M |
| Net Income | 11.2M | -5.8M | 61.4M | 93.1M | 52.9M |
| Net Margin % | 3.3% | -2.5% | 22.7% | 29.4% | 27.7% |
| Net Income Attributable | 11.4M | -5.4M | 61.6M | 92.5M | 52.7M |
| Minority Interest | -271,200 | -432,800 | -169,000 | 586,100 | 218,700 |
| Eps Basic | 0.12 | -0.06 | 0.68 | 1.34 | 0.76 |
| Eps Diluted | 0.12 | -0.06 | 0.68 | 1.34 | 0.76 |
| 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 | 437.0M | 554.0M | 724.0M | 62.1M | 81.6M |
| Trading Financial Assets | 69,900 | 1.2M | -- | -- | -- |
| Accounts Receivable | 395.0M | 260.0M | 312.0M | 260.0M | 132.0M |
| Notes Receivable | 1.8M | 12.4M | 20.8M | -- | -- |
| Notes And Accounts Receivable | 397.0M | 272.0M | 333.0M | 260.0M | 132.0M |
| Prepayments | 3.9M | 5.2M | 8.2M | 8.8M | 5.9M |
| Inventory | 388.0M | 392.0M | 256.0M | 102.0M | 53.8M |
| Total Current Assets | 1.3B | 1.3B | 1.3B | 445.0M | 283.0M |
| Fixed Assets | -- | 118.0M | 3.5M | 3.3M | 3.3M |
| Fixed Assets Total | 201.0M | 118.0M | 3.5M | 3.3M | 3.3M |
| Construction In Progress | -- | 960,500 | -- | 52,000 | -- |
| Construction In Progress Total | 37.0M | 960,500 | -- | 52,000 | -- |
| Intangible Assets | 10.0M | 10.0M | 388,500 | 496,900 | 375,800 |
| Long Term Deferred Expenses | 1.2M | 1.7M | 2.2M | 2.3M | 819,900 |
| Total Non Current Assets | 272.0M | 164.0M | 52.5M | 18.3M | 7.8M |
| Total Assets | 1.5B | 1.4B | 1.4B | 463.0M | 291.0M |
| Short Term Borrowings | 61.1M | 1.0M | -- | 78.5M | 31.0M |
| Accounts Payable | 108.0M | 66.3M | 59.0M | 48.5M | 38.1M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 4.7M | 5.8M | 3.0M | 8.6M | 1.1M |
| Total Current Liabilities | 209.0M | 112.0M | 71.4M | 162.0M | 82.2M |
| Long Term Borrowings | -- | -- | -- | -- | 4.8M |
| Total Non Current Liabilities | 847,400 | 3.7M | 2.4M | 3.7M | 4.8M |
| Total Liabilities | 210.0M | 115.0M | 73.8M | 166.0M | 87.0M |
| Paid In Capital | 92.3M | 92.3M | 92.3M | 69.2M | 69.2M |
| Capital Reserve | 1.0B | 1.0B | 996.0M | 23.4M | 23.4M |
| Surplus Reserve | 33.3M | 30.1M | 29.1M | 22.7M | 13.5M |
| Retained Earnings | 186.0M | 178.0M | 198.0M | 180.0M | 96.8M |
| Minority Equity | 5.9M | 5.4M | 1.4M | 1.6M | 1.0M |
| Equity Attributable | 1.3B | 1.3B | 1.3B | 295.0M | 203.0M |
| Total Equity | 1.3B | 1.3B | 1.3B | 297.0M | 204.0M |
| 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 | 214.0M | 278.0M | 209.0M | 216.0M | 195.0M |
| Tax Refunds Received | -- | -- | 1.2M | -- | 58,300 |
| Total Operating Cash Inflow | 220.0M | 288.0M | 214.0M | 221.0M | 196.0M |
| Cash Paid For Goods | 153.0M | 229.0M | 283.0M | 200.0M | 143.0M |
| Cash Paid To Employees | 74.4M | 61.4M | 39.2M | 26.4M | 16.9M |
| Taxes Paid | 3.6M | 6.9M | 32.0M | 21.9M | 23.8M |
| Total Operating Cash Outflow | 270.0M | 341.0M | 406.0M | 271.0M | 196.0M |
| Operating Cash Flow | -50.8M | -52.5M | -191.0M | -50.2M | 377,800 |
| Total Investing Cash Inflow | 1.3B | 1.3B | 2.4B | -- | -- |
| Total Investing Cash Outflow | 1.4B | 1.4B | 2.4B | 3.0M | 2.9M |
| Investing Cash Flow | -121.0M | -98.0M | -19.1M | -3.0M | -2.9M |
| Cash From Borrowings | 160.0M | -- | -- | 78.4M | 37.0M |
| Dividends And Interest Paid | 3.4M | 13.8M | 38.2M | 1.8M | 1.0M |
| Debt Repayments | 100.0M | -- | 79.4M | 35.0M | 20.0M |
| Total Financing Cash Inflow | 162.0M | -- | 1.0B | 78.4M | 40.9M |
| Total Financing Cash Outflow | 108.0M | 20.2M | 138.0M | 44.0M | 21.2M |
| Financing Cash Flow | 53.4M | -20.2M | 873.0M | 34.4M | 19.7M |
| Net Change In Cash | -119.0M | -171.0M | 662.0M | -18.8M | 17.1M |
| Ending Cash Balance | 435.0M | 554.0M | 724.0M | 61.9M | 80.7M |
| Capex | 127.0M | 45.3M | 34.8M | 3.0M | 2.9M |