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 | 810.0M | 949.0M | 904.0M | 492.0M | 272.0M |
| Revenue Growth % | -14.6% | 5.0% | 83.7% | 80.9% | -- |
| Total Revenue | 810.0M | 949.0M | 904.0M | 492.0M | 272.0M |
| Cost Of Revenue | 770.0M | 819.0M | 660.0M | 292.0M | 127.0M |
| Gross Profit | 40.0M | 130.0M | 244.0M | 200.0M | 145.0M |
| Gross Margin % | 4.9% | 13.7% | 27.0% | 40.7% | 53.3% |
| Total Operating Cost | 872.0M | 940.0M | 751.0M | 352.0M | 171.0M |
| Selling Expenses | 5.6M | 2.7M | 1.5M | 1.3M | 820,200 |
| Admin Expenses | 55.9M | 54.6M | 33.6M | 27.1M | 23.6M |
| Rd Expenses | 23.3M | 31.5M | 42.9M | 23.1M | 11.1M |
| Finance Expenses | 2.6M | -2.0M | 4.0M | 5.0M | 2.5M |
| Operating Income | -23.8M | 48.9M | 166.0M | 142.0M | 103.0M |
| Operating Margin % | -2.9% | 5.1% | 18.4% | 28.9% | 37.9% |
| Non Operating Income | 154,900 | 22,800 | 105,200 | 18.0M | 21,900 |
| Non Operating Expenses | 3.5M | 1.7M | 305,000 | 17,300 | 834,800 |
| Investment Income | 23.6M | 27.2M | 1.0M | 6,303 | -- |
| Fair Value Change Income | 8.3M | 9.8M | 10.0M | -- | -- |
| Asset Disposal Income | -20,500 | -941,500 | -- | -- | -- |
| Asset Impairment Loss | 3.9M | 30.7M | -- | -- | -- |
| Other Income | 6.2M | 4.4M | 1.8M | 2.2M | 1.7M |
| Income Before Tax | -27.1M | 47.2M | 166.0M | 160.0M | 102.0M |
| Income Tax | -1.2M | 3.7M | 16.7M | 22.4M | 15.8M |
| Net Income | -25.9M | 43.5M | 149.0M | 138.0M | 86.2M |
| Net Margin % | -3.2% | 4.6% | 16.5% | 28.0% | 31.7% |
| Net Income Attributable | -33.0M | 41.3M | 149.0M | 138.0M | 86.1M |
| Minority Interest | 7.2M | 2.2M | -- | -- | 126,600 |
| Eps Basic | -0.33 | 0.40 | 1.80 | 2.70 | 1.69 |
| Eps Diluted | -0.33 | 0.40 | 1.80 | 2.70 | 1.69 |
| 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 | 162.0M | 262.0M | 45.0M | 19.8M | 14.1M |
| Trading Financial Assets | 1.4B | 1.4B | 2.0B | -- | -- |
| Accounts Receivable | 250.0M | 159.0M | 167.0M | 85.2M | 106.0M |
| Notes Receivable | 18.1M | 30.9M | 50.5M | 35.7M | 16.3M |
| Notes And Accounts Receivable | 268.0M | 190.0M | 217.0M | 121.0M | 122.0M |
| Prepayments | 33.4M | 13.4M | 40.3M | 12.9M | 1.5M |
| Inventory | 213.0M | 267.0M | 206.0M | 73.0M | 20.0M |
| Total Current Assets | 2.1B | 2.2B | 2.6B | 285.0M | 206.0M |
| Long Term Equity Investment | 35.6M | -- | -- | -- | -- |
| Fixed Assets | -- | -- | 313.0M | 120.0M | 126.0M |
| Fixed Assets Total | 540.0M | 560.0M | 313.0M | 120.0M | 126.0M |
| Construction In Progress | -- | -- | 70.5M | 159.0M | 15.2M |
| Construction In Progress Total | 26.8M | 25.9M | 70.5M | 159.0M | 15.2M |
| Intangible Assets | 111.0M | 115.0M | 70.9M | 73.4M | 75.9M |
| Long Term Deferred Expenses | 2.0M | 1.1M | -- | -- | -- |
| Total Non Current Assets | 928.0M | 914.0M | 468.0M | 375.0M | 218.0M |
| Total Assets | 3.0B | 3.2B | 3.0B | 660.0M | 424.0M |
| Short Term Borrowings | 4.0M | 117.0M | 85.5M | 15.0M | -- |
| Accounts Payable | 27.0M | 37.2M | 37.3M | 14.5M | 7.5M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 7.6M | 4.1M | 453,800 | 3.3M | 114,900 |
| Total Current Liabilities | 173.0M | 258.0M | 197.0M | 116.0M | 30.7M |
| Long Term Borrowings | 118.0M | 93.0M | -- | 31.0M | 20.5M |
| Total Non Current Liabilities | 156.0M | 126.0M | 32.4M | 56.3M | 43.6M |
| Total Liabilities | 329.0M | 384.0M | 230.0M | 173.0M | 74.3M |
| Paid In Capital | 102.0M | 102.0M | 68.0M | 51.0M | 51.0M |
| Capital Reserve | 2.3B | 2.3B | 2.4B | 225.0M | 225.0M |
| Surplus Reserve | 22.5M | 21.6M | 19.0M | 14.2M | 6.5M |
| Retained Earnings | 248.0M | 312.0M | 342.0M | 198.0M | 67.6M |
| Minority Equity | 11.5M | 4.1M | -- | -- | -- |
| Equity Attributable | 2.7B | 2.8B | 2.8B | 487.0M | 350.0M |
| Total Equity | 2.7B | 2.8B | 2.8B | 487.0M | 350.0M |
| 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 | 850.0M | 1.0B | 919.0M | 543.0M | 263.0M |
| Tax Refunds Received | 8.2M | -- | 31.4M | -- | -- |
| Total Operating Cash Inflow | 886.0M | 1.1B | 965.0M | 567.0M | 277.0M |
| Cash Paid For Goods | 749.0M | 939.0M | 888.0M | 365.0M | 148.0M |
| Cash Paid To Employees | 78.5M | 73.9M | 52.4M | 33.2M | 21.8M |
| Taxes Paid | 30.1M | 38.7M | 37.7M | 46.3M | 29.7M |
| Total Operating Cash Outflow | 897.0M | 1.1B | 1.0B | 470.0M | 215.0M |
| Operating Cash Flow | -10.3M | -67.0M | -69.9M | 96.6M | 62.2M |
| Total Investing Cash Inflow | 3.8B | 6.4B | 655.0M | 5.0M | 80,200 |
| Total Investing Cash Outflow | 3.8B | 6.0B | 2.7B | 146.0M | 97.1M |
| Investing Cash Flow | 5.7M | 409.0M | -2.1B | -141.0M | -97.0M |
| Cash From Borrowings | 298.0M | 235.0M | 112.0M | 70.0M | 20.5M |
| Dividends And Interest Paid | 37.2M | 68.8M | 3.3M | 2.0M | 495,600 |
| Debt Repayments | 322.0M | 275.0M | 103.0M | 15.0M | -- |
| Total Financing Cash Inflow | 298.0M | 235.0M | 2.3B | 70.0M | 40.5M |
| Total Financing Cash Outflow | 384.0M | 356.0M | 125.0M | 22.0M | 495,600 |
| Financing Cash Flow | -86.4M | -120.0M | 2.2B | 48.0M | 40.0M |
| Net Change In Cash | -91.0M | 221.0M | 16.8M | 3.3M | 5.3M |
| Ending Cash Balance | 162.0M | 253.0M | 32.2M | 15.4M | 12.1M |
| Capex | 52.9M | 54.1M | 75.9M | 141.0M | 97.1M |