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 | 290.0M | 235.0M | 370.0M | 305.0M | 293.0M |
| Revenue Growth % | 23.4% | -36.5% | 21.3% | 4.1% | -- |
| Total Revenue | 290.0M | 235.0M | 370.0M | 305.0M | 293.0M |
| Cost Of Revenue | 272.0M | 203.0M | 213.0M | 157.0M | 148.0M |
| Gross Profit | 18.0M | 32.0M | 157.0M | 148.0M | 145.0M |
| Gross Margin % | 6.2% | 13.6% | 42.4% | 48.5% | 49.5% |
| Total Operating Cost | 408.0M | 308.0M | 326.0M | 226.0M | 214.0M |
| Selling Expenses | 7.6M | 7.6M | 7.8M | 8.4M | 7.4M |
| Admin Expenses | 49.7M | 50.6M | 45.7M | 25.5M | 23.3M |
| Rd Expenses | 7.3M | 9.3M | 7.8M | 8.4M | 10.0M |
| Finance Expenses | 1.6M | -529,700 | -1.5M | 827,200 | -11,300 |
| Operating Income | -110.0M | -68.6M | 44.2M | 82.7M | 82.1M |
| Operating Margin % | -37.9% | -29.2% | 11.9% | 27.1% | 28.0% |
| Non Operating Income | -- | -- | -- | 11,400 | 3,100 |
| Non Operating Expenses | 153,100 | 11.3M | 2.6M | -- | 171,300 |
| Investment Income | -3,584 | -- | -- | -- | -- |
| Asset Disposal Income | -- | -65,000 | -3,900 | -69,700 | -2,100 |
| Asset Impairment Loss | 37.6M | 33.2M | 27.4M | 16.6M | 19.8M |
| Other Income | 8.2M | 5.0M | 773,100 | 4.0M | 2.8M |
| Income Before Tax | -110.0M | -79.9M | 41.5M | 82.7M | 81.9M |
| Income Tax | -14.8M | -11.6M | 6.4M | 12.9M | 12.6M |
| Net Income | -95.5M | -68.3M | 35.1M | 69.8M | 69.3M |
| Net Margin % | -32.9% | -29.1% | 9.5% | 22.9% | 23.7% |
| Net Income Attributable | -93.9M | -68.3M | 35.1M | 69.8M | 69.3M |
| Minority Interest | -1.6M | -- | -- | -- | -- |
| Eps Basic | -1.22 | -0.89 | 0.48 | 1.21 | 1.20 |
| Eps Diluted | -1.22 | -0.89 | 0.48 | 1.21 | 1.20 |
| 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 | 138.0M | 189.0M | 338.0M | 221.0M | 179.0M |
| Accounts Receivable | 308.0M | 324.0M | 311.0M | 175.0M | 109.0M |
| Notes Receivable | 7.1M | 3.8M | 17.8M | 292,800 | 70,000 |
| Notes And Accounts Receivable | 315.0M | 328.0M | 329.0M | 176.0M | 109.0M |
| Prepayments | 16.5M | 13.8M | 24.7M | 12.0M | 5.5M |
| Inventory | 220.0M | 158.0M | 143.0M | 102.0M | 54.8M |
| Total Current Assets | 726.0M | 736.0M | 900.0M | 588.0M | 464.0M |
| Fixed Assets | -- | 146.0M | 109.0M | 63.2M | 65.4M |
| Fixed Assets Total | 180.0M | 146.0M | 109.0M | 63.2M | 65.4M |
| Construction In Progress | -- | 68.7M | 13.4M | 4.8M | 4.4M |
| Construction In Progress Total | 105.0M | 68.7M | 13.4M | 4.8M | 4.4M |
| Intangible Assets | 33.7M | 34.9M | 34.7M | 33.3M | 34.1M |
| Long Term Deferred Expenses | 19.9M | 24.3M | 15.0M | 2.7M | 3.7M |
| Total Non Current Assets | 428.0M | 356.0M | 284.0M | 143.0M | 115.0M |
| Total Assets | 1.2B | 1.1B | 1.2B | 731.0M | 579.0M |
| Short Term Borrowings | 94.6M | 43.7M | 31.3M | 51.8M | 10.0M |
| Accounts Payable | 185.0M | 111.0M | 83.7M | 94.4M | 69.4M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 28.6M | 1.9M | 1.6M | 6.0M | 2.3M |
| Total Current Liabilities | 389.0M | 235.0M | 269.0M | 202.0M | 127.0M |
| Long Term Borrowings | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 31.0M | 41.6M | 39.9M | 5.3M | 250,000 |
| Total Liabilities | 420.0M | 276.0M | 309.0M | 207.0M | 127.0M |
| Paid In Capital | 77.9M | 78.3M | 78.4M | 57.7M | 57.7M |
| Capital Reserve | 529.0M | 539.0M | 536.0M | 184.0M | 184.0M |
| Surplus Reserve | 28.1M | 28.1M | 28.1M | 26.7M | 19.9M |
| Retained Earnings | 84.8M | 179.0M | 258.0M | 246.0M | 182.0M |
| Minority Equity | 13.4M | -- | -- | -- | -- |
| Equity Attributable | 721.0M | 816.0M | 875.0M | 524.0M | 452.0M |
| Total Equity | 734.0M | 816.0M | 875.0M | 524.0M | 452.0M |
| 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 | 340.0M | 258.0M | 239.0M | 295.0M | 264.0M |
| Total Operating Cash Inflow | 352.0M | 267.0M | 243.0M | 300.0M | 268.0M |
| Cash Paid For Goods | 233.0M | 142.0M | 200.0M | 143.0M | 114.0M |
| Cash Paid To Employees | 113.0M | 110.0M | 104.0M | 70.5M | 51.0M |
| Taxes Paid | 8.7M | 49.6M | 13.0M | 44.2M | 31.4M |
| Total Operating Cash Outflow | 373.0M | 320.0M | 338.0M | 267.0M | 205.0M |
| Operating Cash Flow | -20.6M | -52.7M | -94.4M | 32.8M | 63.0M |
| Total Investing Cash Inflow | -- | 38,000 | -- | -- | -- |
| Total Investing Cash Outflow | 64.9M | 97.6M | 117.0M | 28.9M | 29.3M |
| Investing Cash Flow | -64.9M | -97.6M | -117.0M | -28.9M | -29.3M |
| Cash From Borrowings | 79.6M | 34.4M | 31.2M | 51.8M | 16.9M |
| Dividends And Interest Paid | 2.2M | 11.4M | 22.8M | 922,800 | 690,400 |
| Debt Repayments | 31.5M | 12.0M | 51.8M | 10.0M | -- |
| Total Financing Cash Inflow | 89.3M | 34.4M | 420.0M | 51.8M | 16.9M |
| Total Financing Cash Outflow | 54.7M | 33.5M | 92.4M | 14.1M | 2.7M |
| Financing Cash Flow | 34.7M | 885,200 | 327.0M | 37.7M | 14.2M |
| Net Change In Cash | -50.9M | -149.0M | 116.0M | 41.6M | 47.8M |
| Ending Cash Balance | 137.0M | 188.0M | 337.0M | 221.0M | 179.0M |
| Capex | 64.9M | 97.6M | 117.0M | 28.9M | 29.3M |