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 | 389.0M | 291.0M | 304.0M | 246.0M | 202.0M |
| Revenue Growth % | 33.7% | -4.3% | 23.6% | 21.8% | -- |
| Total Revenue | 389.0M | 291.0M | 304.0M | 246.0M | 202.0M |
| Cost Of Revenue | 356.0M | 196.0M | 144.0M | 100.0M | 82.7M |
| Gross Profit | 33.0M | 95.0M | 160.0M | 146.0M | 119.3M |
| Gross Margin % | 8.5% | 32.6% | 52.6% | 59.3% | 59.1% |
| Total Operating Cost | 546.0M | 360.0M | 249.0M | 174.0M | 148.0M |
| Selling Expenses | 45.2M | 46.9M | 35.1M | 29.3M | 26.1M |
| Admin Expenses | 69.4M | 66.4M | 36.9M | 27.2M | 22.7M |
| Rd Expenses | 18.1M | 19.8M | 17.8M | 10.6M | 8.2M |
| Finance Expenses | 10.7M | 1.5M | -903,800 | 2.3M | 4.9M |
| Operating Income | -149.0M | -48.1M | 81.8M | 79.8M | 61.0M |
| Operating Margin % | -38.3% | -16.5% | 26.9% | 32.4% | 30.2% |
| Non Operating Income | 549,000 | 51,700 | 2,300 | 9,300 | 4,200 |
| Non Operating Expenses | 2.2M | 1.2M | 231,200 | 494,900 | 1.1M |
| Investment Income | 4.2M | 11.8M | 4.2M | 2.3M | 175,700 |
| Fair Value Change Income | 23,800 | 1.2M | 320,900 | -193,600 | 193,600 |
| Asset Disposal Income | 137,000 | 447,500 | 60,700 | 14,600 | -- |
| Asset Impairment Loss | 24.7M | 7.3M | 3.2M | -- | 449,500 |
| Other Income | 3.0M | 7.4M | 22.2M | 6.3M | 6.4M |
| Income Before Tax | -151.0M | -49.2M | 81.6M | 79.3M | 59.9M |
| Income Tax | 3.4M | -471,700 | 15.8M | 11.8M | 10.0M |
| Net Income | -154.0M | -48.7M | 65.8M | 67.6M | 49.9M |
| Net Margin % | -39.6% | -16.7% | 21.6% | 27.5% | 24.7% |
| Net Income Attributable | -158.0M | -51.7M | 64.7M | 67.0M | 49.7M |
| Minority Interest | 3.8M | 3.0M | 1.1M | 527,300 | 207,000 |
| Eps Basic | -1.88 | -0.61 | 0.90 | 1.06 | 0.82 |
| Eps Diluted | -1.88 | -0.61 | 0.90 | 1.06 | 0.82 |
| 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 | 180.0M | 251.0M | 615.0M | 51.2M | 34.9M |
| Trading Financial Assets | 110.0M | 193.0M | 165.0M | -- | 20.2M |
| Accounts Receivable | 419.0M | 378.0M | 285.0M | 195.0M | 162.0M |
| Notes Receivable | 68.0M | 53.7M | 62.4M | 56.4M | 48.9M |
| Notes And Accounts Receivable | 487.0M | 432.0M | 348.0M | 251.0M | 210.0M |
| Prepayments | 4.7M | 16.6M | 9.9M | 7.3M | 4.7M |
| Inventory | 65.6M | 55.6M | 7.0M | 13.8M | 3.4M |
| Total Current Assets | 904.0M | 982.0M | 1.2B | 347.0M | 285.0M |
| Long Term Equity Investment | 25.2M | 22.2M | 10.9M | 8.8M | 6.8M |
| Fixed Assets | -- | 275.0M | 133.0M | 126.0M | 97.9M |
| Fixed Assets Total | 381.0M | 275.0M | 133.0M | 126.0M | 97.9M |
| Construction In Progress | -- | 98.7M | 31.3M | 1.9M | 12.9M |
| Construction In Progress Total | 147.0M | 98.7M | 31.3M | 1.9M | 12.9M |
| Intangible Assets | 16.2M | 15.2M | 14.0M | 14.0M | 206,800 |
| Long Term Deferred Expenses | 32.6M | 26.5M | 6.8M | 5.6M | 4.5M |
| Total Non Current Assets | 700.0M | 548.0M | 254.0M | 191.0M | 135.0M |
| Total Assets | 1.6B | 1.5B | 1.4B | 539.0M | 420.0M |
| Short Term Borrowings | 74.3M | 89.6M | 20.0M | 40.3M | 21.9M |
| Accounts Payable | 162.0M | 97.0M | 60.6M | 53.4M | 43.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 6.1M | 8.2M | 6.9M | 7.1M | 4.7M |
| Total Current Liabilities | 323.0M | 265.0M | 136.0M | 153.0M | 97.1M |
| Long Term Borrowings | 173.0M | -- | -- | -- | 16.0M |
| Total Non Current Liabilities | 241.0M | 71.4M | 28.2M | 26.7M | 31.0M |
| Total Liabilities | 564.0M | 337.0M | 165.0M | 179.0M | 128.0M |
| Paid In Capital | 84.4M | 84.4M | 84.4M | 63.3M | 63.3M |
| Capital Reserve | 971.0M | 969.0M | 962.0M | 176.0M | 176.0M |
| Surplus Reserve | 20.1M | 20.1M | 20.1M | 13.4M | 6.7M |
| Retained Earnings | -58.7M | 99.5M | 164.0M | 106.0M | 45.6M |
| Minority Equity | 23.6M | 19.8M | 16.8M | 1.1M | 595,100 |
| Equity Attributable | 1.0B | 1.2B | 1.2B | 358.0M | 291.0M |
| Total Equity | 1.0B | 1.2B | 1.2B | 359.0M | 292.0M |
| 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 | 282.0M | 169.0M | 214.0M | 167.0M | 147.0M |
| Tax Refunds Received | -- | -- | 1.2M | -- | 32,100 |
| Total Operating Cash Inflow | 296.0M | 183.0M | 241.0M | 176.0M | 154.0M |
| Cash Paid For Goods | 171.0M | 126.0M | 68.9M | 33.0M | 41.4M |
| Cash Paid To Employees | 161.0M | 112.0M | 96.0M | 68.9M | 50.6M |
| Taxes Paid | 3.8M | 14.3M | 19.8M | 26.2M | 18.2M |
| Total Operating Cash Outflow | 396.0M | 311.0M | 223.0M | 155.0M | 141.0M |
| Operating Cash Flow | -101.0M | -128.0M | 18.1M | 21.0M | 12.9M |
| Total Investing Cash Inflow | 1.1B | 1.8B | 527.0M | 34.3M | 26.1M |
| Total Investing Cash Outflow | 1.2B | 2.1B | 757.0M | 49.9M | 82.2M |
| Investing Cash Flow | -119.0M | -261.0M | -230.0M | -15.5M | -56.2M |
| Cash From Borrowings | 345.0M | 89.6M | 20.0M | 48.6M | 45.5M |
| Dividends And Interest Paid | 5.7M | 14.0M | 2.1M | 2.0M | 1.8M |
| Debt Repayments | 175.0M | 20.0M | 56.3M | 23.9M | 30.0M |
| Total Financing Cash Inflow | 350.0M | 91.7M | 883.0M | 49.6M | 86.4M |
| Total Financing Cash Outflow | 209.0M | 63.7M | 111.0M | 38.8M | 41.4M |
| Financing Cash Flow | 141.0M | 28.0M | 773.0M | 10.8M | 45.1M |
| Net Change In Cash | -78.8M | -361.0M | 561.0M | 16.3M | 1.8M |
| Ending Cash Balance | 172.0M | 251.0M | 612.0M | 51.2M | 34.9M |
| Capex | 209.0M | 235.0M | 67.5M | 35.9M | 29.4M |