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 | 596.0M | 546.0M | 505.0M | 616.0M | 438.0M |
| Revenue Growth % | 9.2% | 8.1% | -18.0% | 40.6% | -- |
| Total Revenue | 596.0M | 546.0M | 505.0M | 616.0M | 438.0M |
| Cost Of Revenue | 589.0M | 505.0M | 424.0M | 493.0M | 347.0M |
| Gross Profit | 7.0M | 41.0M | 81.0M | 123.0M | 91.0M |
| Gross Margin % | 1.2% | 7.5% | 16.0% | 20.0% | 20.8% |
| Total Operating Cost | 742.0M | 630.0M | 495.0M | 563.0M | 402.0M |
| Selling Expenses | 14.0M | 14.8M | 9.1M | 10.0M | 8.1M |
| Admin Expenses | 44.8M | 43.3M | 28.8M | 24.0M | 19.1M |
| Rd Expenses | 36.5M | 38.4M | 29.6M | 21.9M | 18.1M |
| Finance Expenses | 6.4M | 545,000 | -869,300 | 6.0M | 4.8M |
| Operating Income | -120.0M | -75.6M | 28.4M | 62.3M | 43.3M |
| Operating Margin % | -20.1% | -13.8% | 5.6% | 10.1% | 9.9% |
| Non Operating Income | 990,900 | 289,000 | 146,500 | 159,000 | 2.1M |
| Non Operating Expenses | 311,300 | 40,800 | 237,200 | 609,500 | 449,300 |
| Investment Income | 1.8M | 4.4M | 6.8M | 67,600 | 131,800 |
| Fair Value Change Income | -- | -- | -- | 3,000 | 300.00 |
| Asset Disposal Income | -178,900 | -- | 7,400 | -18,500 | -2,500 |
| Asset Impairment Loss | 39.5M | 21.8M | 454,300 | 3.0M | 210,400 |
| Other Income | 23.5M | 4.2M | 11.8M | 9.9M | 7.3M |
| Income Before Tax | -120.0M | -75.3M | 28.3M | 61.9M | 45.0M |
| Income Tax | -21.7M | -16.9M | -4.0M | 7.2M | 4.3M |
| Net Income | -98.0M | -58.4M | 32.3M | 54.7M | 40.7M |
| Net Margin % | -16.4% | -10.7% | 6.4% | 8.9% | 9.3% |
| Net Income Attributable | -93.5M | -56.8M | 32.3M | 54.7M | 40.7M |
| Minority Interest | -4.6M | -1.6M | -- | -- | -- |
| Eps Basic | -0.98 | -0.59 | 0.34 | 0.76 | 0.57 |
| Eps Diluted | -0.98 | -0.59 | 0.34 | 0.76 | 0.57 |
| 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 | 71.3M | 140.0M | 192.0M | 686.0M | 41.6M |
| Trading Financial Assets | -- | -- | -- | -- | 500,300 |
| Accounts Receivable | 312.0M | 208.0M | 158.0M | 151.0M | 166.0M |
| Notes Receivable | 16.8M | 6.7M | 17.6M | 11.5M | 9.5M |
| Notes And Accounts Receivable | 329.0M | 214.0M | 176.0M | 163.0M | 176.0M |
| Prepayments | 4.2M | 4.6M | 1.7M | 1.9M | 1.2M |
| Inventory | 511.0M | 222.0M | 131.0M | 136.0M | 97.8M |
| Total Current Assets | 1.1B | 730.0M | 776.0M | 1.0B | 376.0M |
| Fixed Assets | -- | 351.0M | 260.0M | 198.0M | 180.0M |
| Fixed Assets Total | 413.0M | 351.0M | 260.0M | 198.0M | 180.0M |
| Construction In Progress | -- | 44.9M | 799,400 | -- | -- |
| Construction In Progress Total | 12.2M | 44.9M | 799,400 | -- | -- |
| Intangible Assets | 16.1M | 18.8M | 9.0M | 9.3M | 9.2M |
| Long Term Deferred Expenses | 54.7M | 59.2M | 50.4M | 28.7M | 23.6M |
| Total Non Current Assets | 676.0M | 608.0M | 383.0M | 280.0M | 230.0M |
| Total Assets | 1.8B | 1.3B | 1.2B | 1.3B | 606.0M |
| Short Term Borrowings | 139.0M | -- | -- | 37.0M | 10.0M |
| Accounts Payable | 626.0M | 176.0M | 64.2M | 64.8M | 86.2M |
| Advance Receipts | -- | 360,000 | -- | -- | -- |
| Contract Liabilities | 488,700 | 258,900 | 14,000 | 22,400 | 1,000 |
| Total Current Liabilities | 897.0M | 346.0M | 147.0M | 312.0M | 227.0M |
| Long Term Borrowings | -- | -- | -- | 2.2M | 29.9M |
| Total Non Current Liabilities | 83.9M | 66.8M | 36.6M | 28.2M | 41.9M |
| Total Liabilities | 981.0M | 412.0M | 183.0M | 340.0M | 269.0M |
| Paid In Capital | 95.8M | 95.8M | 95.8M | 95.8M | 71.9M |
| Capital Reserve | 728.0M | 730.0M | 730.0M | 730.0M | 173.0M |
| Surplus Reserve | 19.1M | 19.1M | 19.1M | 17.6M | 12.2M |
| Retained Earnings | -28.9M | 64.6M | 131.0M | 129.0M | 79.3M |
| Minority Equity | 12.8M | 16.1M | -- | -- | -- |
| Equity Attributable | 813.0M | 909.0M | 975.0M | 972.0M | 337.0M |
| Total Equity | 826.0M | 925.0M | 975.0M | 972.0M | 337.0M |
| 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 | 659.0M | 498.0M | 460.0M | 627.0M | 397.0M |
| Tax Refunds Received | 64.2M | 864,700 | 4.2M | 2.5M | 480,800 |
| Total Operating Cash Inflow | 763.0M | 518.0M | 481.0M | 643.0M | 410.0M |
| Cash Paid For Goods | 521.0M | 261.0M | 297.0M | 403.0M | 270.0M |
| Cash Paid To Employees | 188.0M | 153.0M | 114.0M | 130.0M | 102.0M |
| Taxes Paid | 25.7M | 23.8M | 27.5M | 36.5M | 28.6M |
| Total Operating Cash Outflow | 828.0M | 531.0M | 476.0M | 598.0M | 423.0M |
| Operating Cash Flow | -65.1M | -13.0M | 5.5M | 44.8M | -13.0M |
| Total Investing Cash Inflow | 394.0M | 807.0M | 1.4B | 92.5M | 89.9M |
| Total Investing Cash Outflow | 504.0M | 839.0M | 1.7B | 142.0M | 127.0M |
| Investing Cash Flow | -111.0M | -32.5M | -307.0M | -49.9M | -37.4M |
| Cash From Borrowings | 200.0M | -- | -- | 75.0M | 37.0M |
| Dividends And Interest Paid | 3.1M | 9.8M | 29.1M | 2.3M | 7.6M |
| Debt Repayments | 61.0M | -- | 69.9M | 45.7M | 719,000 |
| Total Financing Cash Inflow | 200.0M | -- | -- | 687.0M | 37.1M |
| Total Financing Cash Outflow | 89.9M | 16.4M | 151.0M | 65.0M | 12.9M |
| Financing Cash Flow | 110.0M | -16.4M | -151.0M | 622.0M | 24.2M |
| Net Change In Cash | -63.1M | -62.1M | -452.0M | 616.0M | -26.2M |
| Ending Cash Balance | 43.9M | 107.0M | 169.0M | 622.0M | 5.2M |
| Capex | 91.4M | 137.0M | 117.0M | 50.6M | 37.2M |