Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | 21.6B | 5.8B | 206.0M | 271.0M | 403.0M |
| Revenue Growth % | 275.0% | 2701.5% | -24.0% | -32.8% | -- |
| Total Revenue | 21.6B | 5.8B | 206.0M | 271.0M | 403.0M |
| Cost Of Revenue | 17.2B | 4.9B | 197.0M | 291.0M | 337.0M |
| Gross Profit | 4.4B | 831.0M | 9.0M | -20.0M | 66.0M |
| Gross Margin % | 20.4% | 14.4% | 4.4% | -7.4% | 16.4% |
| Total Operating Cost | 18.6B | 5.5B | 328.0M | 447.0M | 729.0M |
| Selling Expenses | 26.6M | 36.0M | 26.0M | 25.5M | 30.8M |
| Admin Expenses | 518.0M | 248.0M | 37.3M | 43.0M | 59.3M |
| Rd Expenses | 166.0M | 62.2M | 6.7M | 7.9M | 19.9M |
| Finance Expenses | 585.0M | 150.0M | 19.4M | 12.8M | 18.7M |
| Operating Income | 3.2B | 331.0M | -118.0M | -174.0M | -321.0M |
| Operating Margin % | 14.7% | 5.7% | -57.3% | -64.2% | -79.7% |
| Non Operating Income | 6.4M | 3.2M | 225,800 | 252,100 | 567,800 |
| Non Operating Expenses | 1.5M | 2.8M | 1.0M | 1.8M | 1.6M |
| Investment Income | 14.9M | -- | 523,000 | -988,700 | 2.4M |
| Fair Value Change Income | -417,400 | -- | -- | -- | 89,400 |
| Asset Disposal Income | -17.2M | 4.6M | -13,200 | -76,500 | -430,300 |
| Asset Impairment Loss | 1.5M | 2.0M | 33.2M | 54.1M | 256.0M |
| Other Income | 165.0M | 69.0M | 3.0M | 3.2M | 3.2M |
| Income Before Tax | 3.2B | 331.0M | -119.0M | -176.0M | -322.0M |
| Income Tax | 527.0M | 107.0M | -1.9M | -4.5M | 263,800 |
| Net Income | 2.7B | 224.0M | -117.0M | -171.0M | -322.0M |
| Net Margin % | 12.3% | 3.9% | -56.8% | -63.1% | -79.9% |
| Net Income Attributable | 2.7B | 224.0M | -117.0M | -171.0M | -309.0M |
| Minority Interest | -- | -- | -133,400 | -802,600 | -13.2M |
| Eps Basic | 2.96 | 0.26 | -0.94 | -1.37 | -2.49 |
| Eps Diluted | 2.96 | 0.26 | -0.94 | -1.37 | -2.49 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 7.2B | 2.4B | 18.1M | 25.8M | 29.0M |
| Trading Financial Assets | 9.5M | -- | -- | -- | 4.1M |
| Accounts Receivable | 117.0M | 204.0M | 87.9M | 109.0M | 157.0M |
| Notes Receivable | 1.5M | 20.9M | 950,000 | 2.6M | 1.1M |
| Notes And Accounts Receivable | 118.0M | 225.0M | 88.8M | 111.0M | 158.0M |
| Prepayments | 3.4B | 3.3B | 14.5M | 21.1M | 26.6M |
| Inventory | 5.2B | 1.9B | 158.0M | 159.0M | 200.0M |
| Total Current Assets | 29.0B | 10.8B | 290.0M | 335.0M | 447.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- |
| Fixed Assets | 15.1B | 4.0B | 201.0M | 219.0M | 238.0M |
| Fixed Assets Total | 15.1B | 4.0B | 201.0M | 219.0M | 238.0M |
| Construction In Progress | 1.5B | 2.8B | 561,400 | 1.1M | 4.7M |
| Construction In Progress Total | 1.5B | 2.8B | 561,400 | 1.1M | 4.7M |
| Intangible Assets | 1.8B | 1.3B | 37.3M | 49.2M | 53.5M |
| Long Term Deferred Expenses | 236.0M | 1.6M | 1.7M | 2.4M | 4.8M |
| Total Non Current Assets | 20.4B | 8.7B | 275.0M | 316.0M | 387.0M |
| Total Assets | 49.4B | 19.4B | 565.0M | 651.0M | 834.0M |
| Short Term Borrowings | 5.9B | 1.8B | 174.0M | 213.0M | 233.0M |
| Accounts Payable | 4.3B | 1.9B | 42.7M | 47.5M | 49.8M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 5.4B | 1.2B | 4.4M | 3.8M | 5.2M |
| Total Current Liabilities | 31.8B | 12.7B | 455.0M | 405.0M | 413.0M |
| Long Term Borrowings | 3.6B | 1.5B | 14.2M | -- | 23.1M |
| Total Non Current Liabilities | 8.1B | 3.5B | 35.4M | 35.2M | 38.9M |
| Total Liabilities | 39.9B | 16.2B | 490.0M | 440.0M | 452.0M |
| Paid In Capital | 971.0M | 124.0M | 124.0M | 124.0M | 124.0M |
| Capital Reserve | 5.9B | 3.2B | 244.0M | 244.0M | 243.0M |
| Surplus Reserve | 22.8M | 22.8M | 22.8M | 22.8M | 22.8M |
| Retained Earnings | 2.5B | -110.0M | -310.0M | -193.0M | -22.1M |
| Minority Equity | -- | -- | -- | 18.4M | 19.7M |
| Equity Attributable | 9.5B | 3.3B | 75.2M | 192.0M | 362.0M |
| Total Equity | 9.5B | 3.3B | 75.2M | 210.0M | 382.0M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 18.2B | 4.4B | 250.0M | 304.0M | 399.0M |
| Tax Refunds Received | 1.0B | 375.0M | 7.8M | 22.7M | 17.8M |
| Total Operating Cash Inflow | 22.8B | 5.7B | 258.0M | 336.0M | 421.0M |
| Cash Paid For Goods | 21.3B | 6.2B | 159.0M | 202.0M | 281.0M |
| Cash Paid To Employees | 846.0M | 386.0M | 76.6M | 87.8M | 107.0M |
| Taxes Paid | 708.0M | 109.0M | 6.6M | 4.3M | 8.5M |
| Total Operating Cash Outflow | 24.2B | 8.5B | 274.0M | 330.0M | 439.0M |
| Operating Cash Flow | -1.5B | -2.9B | -15.3M | 6.0M | -18.3M |
| Total Investing Cash Inflow | 44.4M | 11.4M | 8.3M | 5.1M | 51.5M |
| Total Investing Cash Outflow | 9.6B | 4.8B | 8.1M | 29.7M | 38.9M |
| Investing Cash Flow | -9.6B | -4.8B | 203,100 | -24.6M | 12.6M |
| Cash From Borrowings | 12.1B | 3.5B | 195.0M | 212.0M | 265.0M |
| Dividends And Interest Paid | 315.0M | 50.1M | 27.1M | 13.2M | 47.0M |
| Debt Repayments | 1.9B | 311.0M | 238.0M | 247.0M | 259.0M |
| Total Financing Cash Inflow | 23.3B | 15.0B | 309.0M | 445.0M | 383.0M |
| Total Financing Cash Outflow | 6.9B | 7.0B | 293.0M | 446.0M | 382.0M |
| Financing Cash Flow | 16.4B | 8.0B | 16.7M | -954,800 | 1.6M |
| Net Change In Cash | 5.3B | 293.0M | 2.2M | -13.3M | -7.3M |
| Ending Cash Balance | 6.0B | 649.0M | 18.0M | 15.7M | 29.0M |
| Capex | 9.6B | 4.8B | 8.1M | 6.7M | 33.0M |