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 | 503.0M | 422.0M | 504.0M | 640.0M | 377.0M |
| Revenue Growth % | 19.2% | -16.3% | -21.2% | 69.8% | -- |
| Total Revenue | 503.0M | 422.0M | 504.0M | 640.0M | 377.0M |
| Cost Of Revenue | 466.0M | 362.0M | 403.0M | 435.0M | 249.0M |
| Gross Profit | 37.0M | 60.0M | 101.0M | 205.0M | 128.0M |
| Gross Margin % | 7.4% | 14.2% | 20.0% | 32.0% | 34.0% |
| Total Operating Cost | 577.0M | 422.0M | 443.0M | 500.0M | 293.0M |
| Selling Expenses | 5.1M | 4.9M | 3.8M | 5.0M | 3.9M |
| Admin Expenses | 35.7M | 22.8M | 19.0M | 25.2M | 15.2M |
| Rd Expenses | 20.5M | 19.3M | 21.1M | 23.5M | 15.4M |
| Finance Expenses | -85,000 | -8.0M | -10.2M | 4.8M | 4.5M |
| Operating Income | -58.2M | 16.5M | 73.7M | 142.0M | 85.6M |
| Operating Margin % | -11.6% | 3.9% | 14.6% | 22.2% | 22.7% |
| Non Operating Income | 86,000 | 407,000 | -- | 2,700 | 191,200 |
| Non Operating Expenses | 263,100 | 757,800 | 148,100 | -- | 70,000 |
| Investment Income | 1.2M | 6.2M | 9.1M | -36,900 | 94,500 |
| Fair Value Change Income | 2.7M | 1.3M | -- | -- | -- |
| Asset Disposal Income | -300.00 | 30,500 | -- | 26,600 | -- |
| Asset Impairment Loss | 43.0M | 16.2M | 3.5M | 2.2M | 2.8M |
| Other Income | 11.6M | 9.4M | 4.0M | 2.3M | 1.2M |
| Income Before Tax | -58.4M | 16.2M | 73.6M | 142.0M | 85.7M |
| Income Tax | -10.7M | 1.6M | 8.2M | 18.2M | 11.6M |
| Net Income | -47.7M | 14.6M | 65.3M | 124.0M | 74.2M |
| Net Margin % | -9.5% | 3.5% | 13.0% | 19.4% | 19.7% |
| Net Income Attributable | -47.1M | 14.6M | 65.3M | 124.0M | 74.2M |
| Minority Interest | -549,400 | -30,800 | -- | -- | -- |
| Eps Basic | -0.59 | 0.18 | 0.87 | 2.06 | 1.24 |
| Eps Diluted | -0.59 | 0.18 | 0.87 | 2.06 | 1.24 |
| 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 | 56.2M | 232.0M | 784.0M | 53.9M | 42.8M |
| Trading Financial Assets | 151.0M | 231.0M | -- | -- | -- |
| Accounts Receivable | 74.4M | 57.3M | 61.2M | 60.0M | 40.5M |
| Notes Receivable | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 74.4M | 57.3M | 61.2M | 60.0M | 40.5M |
| Prepayments | 5.4M | 4.7M | 745,700 | 12.9M | 13.5M |
| Inventory | 194.0M | 186.0M | 145.0M | 90.3M | 65.1M |
| Total Current Assets | 579.0M | 753.0M | 1.0B | 282.0M | 212.0M |
| Long Term Equity Investment | 3.0M | -- | -- | -- | -- |
| Fixed Assets | -- | 365.0M | 221.0M | 238.0M | 257.0M |
| Fixed Assets Total | 766.0M | 365.0M | 221.0M | 238.0M | 257.0M |
| Construction In Progress | -- | 433.0M | 217.0M | 40.7M | 2.3M |
| Construction In Progress Total | 27.2M | 433.0M | 217.0M | 40.7M | 2.3M |
| Intangible Assets | 106.0M | 59.8M | 57.0M | 58.3M | 59.6M |
| Total Non Current Assets | 1.0B | 862.0M | 581.0M | 380.0M | 321.0M |
| Total Assets | 1.6B | 1.6B | 1.6B | 662.0M | 534.0M |
| Short Term Borrowings | 62.7M | 58.6M | 30.5M | 101.0M | 119.0M |
| Accounts Payable | 52.8M | 79.9M | 34.4M | 22.3M | 28.8M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 4.7M | 2.7M | 1.5M | 2.4M | 4.9M |
| Total Current Liabilities | 142.0M | 153.0M | 81.3M | 170.0M | 170.0M |
| Long Term Borrowings | 67.8M | 14.9M | 15.5M | -- | -- |
| Total Non Current Liabilities | 84.3M | 26.9M | 30.2M | 19.9M | 14.8M |
| Total Liabilities | 226.0M | 180.0M | 111.0M | 190.0M | 185.0M |
| Paid In Capital | 80.0M | 80.0M | 80.0M | 60.0M | 60.0M |
| Capital Reserve | 1.1B | 1.1B | 1.1B | 113.0M | 113.0M |
| Surplus Reserve | 18.7M | 18.4M | 16.9M | 6.5M | 6.3M |
| Retained Earnings | 169.0M | 225.0M | 292.0M | 293.0M | 169.0M |
| Minority Equity | 19.5M | -30,800 | -- | -- | -- |
| Equity Attributable | 1.3B | 1.4B | 1.5B | 472.0M | 349.0M |
| Total Equity | 1.4B | 1.4B | 1.5B | 472.0M | 349.0M |
| 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 | 317.0M | 247.0M | 311.0M | 345.0M | 266.0M |
| Tax Refunds Received | 17.0M | 44.2M | 21.1M | 400,000 | 892,500 |
| Total Operating Cash Inflow | 349.0M | 307.0M | 349.0M | 354.0M | 272.0M |
| Cash Paid For Goods | 322.0M | 243.0M | 199.0M | 160.0M | 177.0M |
| Cash Paid To Employees | 53.6M | 41.7M | 48.7M | 45.0M | 28.0M |
| Taxes Paid | 13.9M | 12.1M | 23.1M | 50.2M | 6.6M |
| Total Operating Cash Outflow | 413.0M | 313.0M | 287.0M | 270.0M | 222.0M |
| Operating Cash Flow | -64.1M | -5.8M | 62.6M | 83.8M | 50.5M |
| Total Investing Cash Inflow | 724.0M | 522.0M | 579.0M | 17.5M | 50.6M |
| Total Investing Cash Outflow | 868.0M | 1.0B | 812.0M | 68.9M | 112.0M |
| Investing Cash Flow | -144.0M | -493.0M | -233.0M | -51.4M | -61.2M |
| Cash From Borrowings | 136.0M | 88.0M | 57.0M | 90.5M | 128.0M |
| Dividends And Interest Paid | 10.0M | 82.2M | 58.0M | 4.9M | 5.0M |
| Debt Repayments | 77.5M | 60.0M | 111.0M | 108.0M | 81.5M |
| Total Financing Cash Inflow | 156.0M | 88.0M | 1.1B | 109.0M | 159.0M |
| Total Financing Cash Outflow | 124.0M | 142.0M | 191.0M | 132.0M | 121.0M |
| Financing Cash Flow | 31.3M | -54.2M | 902.0M | -22.9M | 37.9M |
| Net Change In Cash | -176.0M | -552.0M | 732.0M | 9.3M | 27.0M |
| Ending Cash Balance | 54.3M | 231.0M | 783.0M | 51.1M | 41.8M |
| Capex | 225.0M | 260.0M | 240.0M | 64.9M | 71.5M |