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 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | 108.0M | 135.0M | 250.0M | 287.0M | 260.0M | 157.0M | 59.9M |
| Revenue Growth % | -20.0% | -46.0% | -12.9% | 10.4% | 65.6% | 162.3% | -- |
| Total Revenue | 108.0M | 135.0M | 250.0M | 287.0M | 260.0M | 157.0M | 59.9M |
| Cost Of Revenue | 55.8M | 68.3M | 107.0M | 108.0M | 103.0M | 61.0M | 24.9M |
| Gross Profit | 52.2M | 66.7M | 143.0M | 179.0M | 157.0M | 96.0M | 35.0M |
| Gross Margin % | 48.3% | 49.4% | 57.2% | 62.4% | 60.4% | 61.2% | 58.4% |
| Total Operating Cost | 131.0M | 146.0M | 162.0M | 167.0M | 153.0M | 96.9M | 45.6M |
| Selling Expenses | 2.2M | 1.5M | 2.8M | 4.2M | 4.2M | 3.6M | 2.0M |
| Admin Expenses | 22.3M | 26.3M | 17.3M | 21.1M | 19.5M | 18.0M | 7.7M |
| Rd Expenses | 23.5M | 26.6M | 23.8M | 23.7M | 18.6M | 11.8M | 7.9M |
| Finance Expenses | -4.2M | -1.0M | 847,000 | 674,400 | -29,600 | 134,200 | 61,600 |
| Operating Income | -14.9M | 10.3M | 91.5M | 125.0M | 108.0M | 60.1M | 16.8M |
| Operating Margin % | -13.8% | 7.6% | 36.6% | 43.6% | 41.5% | 38.3% | 28.0% |
| Non Operating Income | 17,600 | 13,600 | 8,900 | 4,100 | 14,800 | 40,900 | 149,400 |
| Non Operating Expenses | 688,800 | 100,800 | 571,700 | 500.00 | 240,400 | 52,900 | 22,400 |
| Investment Income | 3.1M | 7.5M | 1.1M | 407,700 | 631,100 | 307,300 | 132,800 |
| Fair Value Change Income | 2.5M | 1.1M | -- | 162,300 | -- | -- | -- |
| Asset Disposal Income | 165,000 | 334,200 | -- | 51,100 | -- | -- | 2.3M |
| Asset Impairment Loss | 2.9M | 8.0M | 1.4M | 878,900 | 1.3M | 525,800 | 2.6M |
| Other Income | 2.2M | 12.7M | 2.0M | 3.4M | 482,700 | -- | -- |
| Income Before Tax | -15.6M | 10.2M | 90.9M | 125.0M | 108.0M | 60.1M | 16.9M |
| Income Tax | -4.7M | -1.4M | 10.7M | 16.1M | 14.5M | 7.9M | 1.9M |
| Net Income | -10.9M | 11.5M | 80.2M | 109.0M | 93.2M | 52.2M | 14.9M |
| Net Margin % | -10.1% | 8.5% | 32.1% | 38.0% | 35.8% | 33.2% | 25.0% |
| Net Income Attributable | -10.9M | 11.5M | 80.2M | 109.0M | 93.2M | 52.2M | 14.9M |
| Eps Basic | -0.11 | 0.13 | 1.57 | 2.13 | 1.83 | 1.23 | 0.50 |
| Eps Diluted | -0.11 | 0.13 | 1.57 | 2.13 | 1.83 | 1.23 | 0.50 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 |
|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 145.0M | 399.0M | 93.4M | 44.7M | 34.4M | 47.9M | 15.7M |
| Trading Financial Assets | 256.0M | 165.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 355.0M | 309.0M | 236.0M | 159.0M | 94.3M | 56.9M | 41.2M |
| Notes Receivable | 11.4M | 3.9M | 28.1M | 57.7M | 34.5M | 2.0M | 18.5M |
| Notes And Accounts Receivable | 367.0M | 313.0M | 264.0M | 217.0M | 129.0M | 58.8M | 59.7M |
| Prepayments | 425,600 | 3.0M | 5.4M | 1.7M | 1.5M | 1.9M | 862,100 |
| Inventory | 45.1M | 42.3M | 17.4M | 68.2M | 60.1M | 62.4M | 27.1M |
| Total Current Assets | 836.0M | 932.0M | 412.0M | 372.0M | 282.0M | 196.0M | 108.0M |
| Long Term Equity Investment | 4.8M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 90.9M | 10.6M | 11.3M | 11.3M | 9.9M | 10.5M |
| Fixed Assets Total | 342.0M | 90.9M | 10.6M | 11.3M | 11.3M | 9.9M | 10.5M |
| Construction In Progress | -- | 242.0M | 235.0M | 130.0M | 355,900 | -- | -- |
| Construction In Progress Total | 4.6M | 242.0M | 235.0M | 130.0M | 355,900 | -- | -- |
| Intangible Assets | 31.0M | 31.8M | 30.9M | 31.5M | 32.2M | 125,300 | 153,500 |
| Long Term Deferred Expenses | 791,400 | 1.3M | -- | -- | -- | -- | 148,700 |
| Total Non Current Assets | 402.0M | 390.0M | 302.0M | 206.0M | 52.3M | 11.1M | 11.6M |
| Total Assets | 1.2B | 1.3B | 714.0M | 578.0M | 334.0M | 207.0M | 119.0M |
| Short Term Borrowings | -- | 2.9M | -- | 9.2M | -- | 10.0M | -- |
| Accounts Payable | 63.3M | 107.0M | 58.1M | 123.0M | 60.9M | 66.2M | 33.6M |
| Advance Receipts | -- | -- | -- | -- | -- | 3.5M | 13.9M |
| Contract Liabilities | 2.0M | 701,100 | 424,800 | 17.1M | 11.8M | -- | -- |
| Total Current Liabilities | 110.0M | 174.0M | 105.0M | 196.0M | 128.0M | 97.0M | 68.5M |
| Long Term Borrowings | -- | -- | 203.0M | 56.7M | -- | -- | -- |
| Total Non Current Liabilities | 1.7M | 7.5M | 216.0M | 69.0M | 3.2M | 1.0M | 212,200 |
| Total Liabilities | 112.0M | 181.0M | 321.0M | 265.0M | 131.0M | 98.0M | 68.7M |
| Paid In Capital | 95.2M | 68.0M | 51.0M | 51.0M | 51.0M | 51.0M | 30.0M |
| Capital Reserve | 803.0M | 830.0M | 70.9M | 70.3M | 69.7M | 6.6M | -- |
| Surplus Reserve | 29.4M | 29.4M | 28.2M | 20.2M | 9.3M | 7.3M | 2.1M |
| Retained Earnings | 199.0M | 214.0M | 243.0M | 171.0M | 73.2M | 44.6M | 18.6M |
| Equity Attributable | 1.1B | 1.1B | 393.0M | 312.0M | 203.0M | 109.0M | 50.7M |
| Total Equity | 1.1B | 1.1B | 393.0M | 312.0M | 203.0M | 109.0M | 50.7M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 |
|---|---|---|---|---|---|---|---|
| Cash From Sales | 46.6M | 90.0M | 143.0M | 166.0M | 125.0M | 98.6M | 56.1M |
| Tax Refunds Received | 2.5M | 8.8M | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 68.8M | 159.0M | 151.0M | 173.0M | 127.0M | 111.0M | 62.0M |
| Cash Paid For Goods | 86.8M | 57.2M | 30.7M | 21.1M | 25.0M | 44.8M | 27.0M |
| Cash Paid To Employees | 34.3M | 41.7M | 39.1M | 41.3M | 26.8M | 13.8M | 7.4M |
| Taxes Paid | 6.8M | 29.5M | 16.4M | 39.2M | 26.3M | 18.0M | 5.3M |
| Total Operating Cash Outflow | 203.0M | 165.0M | 100.0M | 118.0M | 91.3M | 92.2M | 62.8M |
| Operating Cash Flow | -134.0M | -5.8M | 51.2M | 54.7M | 35.6M | 19.1M | -785,900 |
| Total Investing Cash Inflow | 754.0M | 2.6B | 303.0M | 150.0M | 123.0M | 85.2M | 38.8M |
| Total Investing Cash Outflow | 883.0M | 2.8B | 428.0M | 242.0M | 160.0M | 81.7M | 45.2M |
| Investing Cash Flow | -129.0M | -227.0M | -125.0M | -92.0M | -36.9M | 3.5M | -6.3M |
| Cash From Borrowings | 15.0M | 20.2M | 146.0M | 65.8M | -- | 20.0M | 10.0M |
| Dividends And Interest Paid | 3.5M | 47.0M | 7.6M | 1.2M | 20,800 | 21.2M | 139,500 |
| Debt Repayments | 17.9M | 220.0M | 9.7M | -- | 10.0M | 10.0M | 10.0M |
| Total Financing Cash Inflow | 17.1M | 820.0M | 146.0M | 65.8M | -- | 41.0M | 10.0M |
| Total Financing Cash Outflow | 24.6M | 283.0M | 22.4M | 17.9M | 10.0M | 31.2M | 10.1M |
| Financing Cash Flow | -7.4M | 537.0M | 124.0M | 47.9M | -10.0M | 9.8M | -139,500 |
| Net Change In Cash | -271.0M | 305.0M | 49.7M | 10.6M | -11.4M | 32.4M | -7.3M |
| Ending Cash Balance | 121.0M | 392.0M | 87.7M | 38.1M | 27.4M | 38.8M | 6.3M |
| Capex | 34.2M | 69.8M | 127.0M | 92.5M | 37.5M | 812,900 | 8.2M |