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 | 2.3B | 2.2B | 2.0B | 350.0M | 119.0M |
| Revenue Growth % | 3.3% | 11.3% | 474.6% | 194.1% | -- |
| Total Revenue | 2.3B | 2.2B | 2.0B | 350.0M | 119.0M |
| Cost Of Revenue | 1.8B | 1.9B | 1.7B | 324.0M | 116.0M |
| Gross Profit | 472.0M | 376.0M | 305.0M | 26.0M | 3.0M |
| Gross Margin % | 20.4% | 16.8% | 15.2% | 7.4% | 2.5% |
| Total Operating Cost | 2.3B | 2.3B | 2.3B | 386.0M | 122.0M |
| Selling Expenses | 216.0M | 197.0M | 194.0M | 15.3M | 1.3M |
| Admin Expenses | 113.0M | 115.0M | 123.0M | 26.3M | 6.7M |
| Rd Expenses | 44.6M | 17.8M | 24.9M | 772,900 | -- |
| Finance Expenses | 59.1M | 73.6M | 93.1M | 3.0M | -4.1M |
| Operating Income | 41.0M | -63.9M | -117.0M | -36.3M | 11.2M |
| Operating Margin % | 1.8% | -2.9% | -5.8% | -10.4% | 9.4% |
| Non Operating Income | 728,500 | 736,100 | 2.0M | 183,000 | 85,800 |
| Non Operating Expenses | 170,600 | 236,200 | 3.1M | 5,200 | 67,300 |
| Investment Income | 141,400 | -- | 1.1M | 179,900 | 0.00 |
| Fair Value Change Income | -- | 29.0M | 119.0M | -- | -- |
| Asset Disposal Income | 6.5M | -14.0M | -658,700 | -200.00 | 14.3M |
| Asset Impairment Loss | 4.2M | 29.4M | 54.2M | 2.0M | -- |
| Other Income | 13.7M | 14.0M | 4.0M | 1,200 | 292,900 |
| Income Before Tax | 41.6M | -63.4M | -118.0M | -36.1M | 11.2M |
| Income Tax | 10.2M | -14.4M | -34.2M | -188,900 | 6.7M |
| Net Income | 31.4M | -49.0M | -84.2M | -35.9M | 4.5M |
| Net Margin % | 1.4% | -2.2% | -4.2% | -10.3% | 3.7% |
| Net Income Attributable | 31.4M | -49.0M | -84.2M | -35.9M | 4.5M |
| Minority Interest | -- | -- | -- | -- | -- |
| Eps Basic | 0.16 | -0.26 | -0.56 | -0.24 | 0.03 |
| Eps Diluted | 0.16 | -0.26 | -0.56 | -0.24 | 0.03 |
| 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 | 203.0M | 291.0M | 533.0M | 1.4B | 88.8M |
| Trading Financial Assets | -- | -- | -- | -- | -- |
| Accounts Receivable | 185.0M | 150.0M | 148.0M | 191.0M | 7.1M |
| Notes Receivable | 72.3M | 76.1M | 27.4M | 64.1M | -- |
| Notes And Accounts Receivable | 257.0M | 226.0M | 175.0M | 255.0M | 7.1M |
| Prepayments | 19.0M | 17.7M | 15.5M | 10.8M | 540,700 |
| Inventory | 118.0M | 154.0M | 288.0M | 326.0M | 11.4M |
| Total Current Assets | 660.0M | 752.0M | 1.1B | 2.1B | 142.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 258.0M | 325.0M | 356.0M | 49.6M |
| Fixed Assets Total | 251.0M | 258.0M | 325.0M | 356.0M | 49.6M |
| Construction In Progress | -- | 8.6M | 3.8M | 4.0M | -- |
| Construction In Progress Total | 4.5M | 8.6M | 3.8M | 4.0M | -- |
| Intangible Assets | 227.0M | 251.0M | 267.0M | 282.0M | 29.9M |
| Long Term Deferred Expenses | -- | -- | -- | -- | -- |
| Total Non Current Assets | 1.3B | 1.4B | 1.4B | 1.6B | 158.0M |
| Total Assets | 2.0B | 2.1B | 2.5B | 3.6B | 300.0M |
| Short Term Borrowings | 408.0M | 338.0M | 269.0M | 160.0M | -- |
| Accounts Payable | 159.0M | 134.0M | 87.4M | 172.0M | -- |
| Advance Receipts | 1.8M | 1.1M | 373,800 | 88,600 | 68,100 |
| Contract Liabilities | 51.3M | 40.4M | 34.0M | 15.3M | 5.8M |
| Total Current Liabilities | 1.1B | 1.1B | 760.0M | 2.0B | 10.9M |
| Long Term Borrowings | 394.0M | 528.0M | 662.0M | 646.0M | -- |
| Total Non Current Liabilities | 449.0M | 644.0M | 1.3B | 1.4B | 10.9M |
| Total Liabilities | 1.5B | 1.7B | 2.1B | 3.4B | 21.8M |
| Paid In Capital | 192.0M | 192.0M | 192.0M | 148.0M | 148.0M |
| Capital Reserve | 483.0M | 472.0M | 472.0M | 224.0M | 224.0M |
| Surplus Reserve | 34.2M | 34.2M | 34.2M | 34.2M | 34.2M |
| Retained Earnings | -265.0M | -297.0M | -248.0M | -163.0M | -127.0M |
| Minority Equity | -- | -- | -- | -- | -- |
| Equity Attributable | 444.0M | 402.0M | 451.0M | 243.0M | 279.0M |
| Total Equity | 444.0M | 402.0M | 451.0M | 243.0M | 279.0M |
| 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 | 2.4B | 2.4B | 2.2B | 365.0M | 129.0M |
| Tax Refunds Received | 500,000 | 6.9M | 22.5M | -- | -- |
| Total Operating Cash Inflow | 2.5B | 2.4B | 2.3B | 370.0M | 132.0M |
| Cash Paid For Goods | 1.6B | 1.6B | 1.8B | 334.0M | 127.0M |
| Cash Paid To Employees | 216.0M | 219.0M | 211.0M | 18.9M | 5.4M |
| Taxes Paid | 67.1M | 120.0M | 96.8M | 1.1M | 2.6M |
| Total Operating Cash Outflow | 2.1B | 2.1B | 2.2B | 378.0M | 138.0M |
| Operating Cash Flow | 428.0M | 358.0M | 72.6M | -8.0M | -5.5M |
| Total Investing Cash Inflow | 74.2M | 18.8M | 261.0M | 226.0M | 40.6M |
| Total Investing Cash Outflow | 46.6M | 16.2M | 358.0M | 1.2B | 33.6M |
| Investing Cash Flow | 27.6M | 2.6M | -97.1M | -968.0M | 7.1M |
| Cash From Borrowings | 317.0M | 269.0M | 281.0M | 1.2B | -- |
| Dividends And Interest Paid | 57.1M | 68.1M | 82.1M | 1.1M | -- |
| Debt Repayments | 803.0M | 806.0M | 233.0M | 5.4M | 0.00 |
| Total Financing Cash Inflow | 317.0M | 269.0M | 611.0M | 1.2B | 0.00 |
| Total Financing Cash Outflow | 860.0M | 882.0M | 324.0M | 6.5M | 0.00 |
| Financing Cash Flow | -543.0M | -614.0M | 287.0M | 1.2B | 0.00 |
| Net Change In Cash | -87.2M | -253.0M | 263.0M | 182.0M | 1.5M |
| Ending Cash Balance | 193.0M | 280.0M | 533.0M | 270.0M | 88.8M |
| Capex | 16.6M | 15.1M | 8.3M | 4.6M | 33.6M |