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 | 787.0M | 533.0M | 557.0M | 1.5B | 977.0M |
| Revenue Growth % | 47.7% | -4.3% | -63.3% | 55.4% | -- |
| Total Revenue | 787.0M | 533.0M | 557.0M | 1.5B | 977.0M |
| Cost Of Revenue | 680.0M | 472.0M | 514.0M | 1.3B | 770.0M |
| Gross Profit | 107.0M | 61.0M | 43.0M | 264.0M | 207.0M |
| Gross Margin % | 13.6% | 11.4% | 7.7% | 17.4% | 21.2% |
| Total Operating Cost | 972.0M | 874.0M | 926.0M | 1.5B | 1.1B |
| Selling Expenses | 13.6M | 13.2M | 13.7M | 10.0M | 12.9M |
| Admin Expenses | 102.0M | 108.0M | 111.0M | 110.0M | 133.0M |
| Rd Expenses | 28.7M | 25.0M | 28.6M | 42.2M | 31.1M |
| Finance Expenses | 25.8M | 30.3M | 25.5M | 24.6M | 48.5M |
| Operating Income | -190.0M | -339.0M | -384.0M | 39.7M | 65.1M |
| Operating Margin % | -24.1% | -63.6% | -68.9% | 2.6% | 6.7% |
| Non Operating Income | 1.1M | 738,800 | 156,500 | 62,100 | 308,700 |
| Non Operating Expenses | 1.7M | 439,300 | 215,000 | 3.0M | 5.0M |
| Investment Income | -8.6M | 2.6M | -19.2M | -23.9M | 137.0M |
| Fair Value Change Income | -- | -- | -- | -- | 30.5M |
| Asset Disposal Income | -488,900 | -2.2M | 1.5M | 3.3M | -22.2M |
| Asset Impairment Loss | 63.5M | 165.0M | 198.0M | 18.2M | 32.6M |
| Other Income | 4.1M | 2.2M | 2.9M | 2.2M | 1.3M |
| Income Before Tax | -190.0M | -339.0M | -384.0M | 36.8M | 60.4M |
| Income Tax | 40.9M | -30.1M | -28.0M | 5.5M | 1.5M |
| Net Income | -231.0M | -308.0M | -356.0M | 31.3M | 58.9M |
| Net Margin % | -29.4% | -57.8% | -63.9% | 2.1% | 6.0% |
| Net Income Attributable | -231.0M | -308.0M | -356.0M | 29.4M | 55.8M |
| Minority Interest | -147,200 | -- | -- | 2.0M | 3.1M |
| Eps Basic | -0.61 | -0.81 | -0.93 | 0.09 | 0.19 |
| Eps Diluted | -0.61 | -0.81 | -0.93 | 0.09 | 0.19 |
| 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 | 112.0M | 70.5M | 112.0M | 151.0M | 209.0M |
| Accounts Receivable | 414.0M | 485.0M | 600.0M | 757.0M | 541.0M |
| Notes Receivable | 48.4M | 53.0M | 20.6M | 84.4M | 108.0M |
| Notes And Accounts Receivable | 462.0M | 538.0M | 620.0M | 841.0M | 649.0M |
| Prepayments | 11.4M | 22.7M | 21.4M | 16.2M | 24.8M |
| Inventory | 264.0M | 430.0M | 305.0M | 208.0M | 230.0M |
| Total Current Assets | 1.2B | 1.4B | 1.4B | 1.6B | 1.4B |
| Long Term Equity Investment | 26.2M | 34.0M | 109.0M | 129.0M | 108.0M |
| Fixed Assets | -- | 157.0M | 196.0M | 212.0M | 244.0M |
| Fixed Assets Total | 120.0M | 157.0M | 196.0M | 212.0M | 244.0M |
| Construction In Progress | -- | 745,100 | 1.0M | 985,100 | -- |
| Construction In Progress Total | 98.5M | 745,100 | 1.0M | 985,100 | -- |
| Intangible Assets | 36.4M | 44.4M | 52.7M | 62.8M | 65.0M |
| Long Term Deferred Expenses | 35.2M | 12.2M | 11.5M | 28.2M | 125.0M |
| Total Non Current Assets | 469.0M | 405.0M | 648.0M | 871.0M | 980.0M |
| Total Assets | 1.7B | 1.8B | 2.1B | 2.5B | 2.4B |
| Short Term Borrowings | 171.0M | 101.0M | 182.0M | 264.0M | 401.0M |
| Accounts Payable | 573.0M | 510.0M | 521.0M | 586.0M | 508.0M |
| Advance Receipts | 16,400 | 18,500 | -- | -- | -- |
| Contract Liabilities | 143.0M | 270.0M | 149.0M | 51.5M | 214.0M |
| Total Current Liabilities | 1.4B | 1.3B | 1.3B | 1.3B | 1.6B |
| Long Term Borrowings | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 52.2M | 25.4M | 35.8M | 11.4M | 13.1M |
| Total Liabilities | 1.5B | 1.4B | 1.3B | 1.3B | 1.6B |
| Paid In Capital | 391.0M | 391.0M | 381.0M | 381.0M | 293.0M |
| Capital Reserve | 526.0M | 520.0M | 501.0M | 501.0M | 261.0M |
| Surplus Reserve | 34.7M | 34.7M | 34.7M | 34.7M | 34.7M |
| Retained Earnings | -700.0M | -469.0M | -161.0M | 203.0M | 173.0M |
| Minority Equity | -69,800 | -- | -- | -- | 31.0M |
| Equity Attributable | 232.0M | 455.0M | 757.0M | 1.1B | 764.0M |
| Total Equity | 232.0M | 455.0M | 757.0M | 1.1B | 795.0M |
| 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 | 782.0M | 713.0M | 842.0M | 1.2B | 1.1B |
| Tax Refunds Received | -- | 3.5M | 3.3M | 318,500 | -- |
| Total Operating Cash Inflow | 960.0M | 913.0M | 1.1B | 1.6B | 1.6B |
| Cash Paid For Goods | 513.0M | 521.0M | 689.0M | 1.1B | 616.0M |
| Cash Paid To Employees | 82.7M | 98.9M | 90.5M | 125.0M | 121.0M |
| Taxes Paid | 25.6M | 53.7M | 44.2M | 78.0M | 50.6M |
| Total Operating Cash Outflow | 838.0M | 901.0M | 1.0B | 1.7B | 1.3B |
| Operating Cash Flow | 121.0M | 11.3M | 62.4M | -103.0M | 272.0M |
| Total Investing Cash Inflow | 270,600 | 59.7M | 6.4M | 23.2M | 121.0M |
| Total Investing Cash Outflow | 109.0M | 14.7M | 47.1M | 70.3M | 85.7M |
| Investing Cash Flow | -109.0M | 45.1M | -40.7M | -47.1M | 35.2M |
| Cash From Borrowings | 132.0M | 114.0M | 138.0M | 208.0M | 401.0M |
| Dividends And Interest Paid | 5.4M | 10.0M | 23.2M | 22.0M | 30.5M |
| Debt Repayments | 114.0M | 211.0M | 195.0M | 356.0M | 698.0M |
| Total Financing Cash Inflow | 203.0M | 194.0M | 209.0M | 587.0M | 591.0M |
| Total Financing Cash Outflow | 179.0M | 292.0M | 241.0M | 510.0M | 777.0M |
| Financing Cash Flow | 24.7M | -97.8M | -32.0M | 76.6M | -186.0M |
| Net Change In Cash | 37.1M | -41.8M | -10.5M | -73.4M | 120.0M |
| Ending Cash Balance | 105.0M | 67.5M | 109.0M | 120.0M | 193.0M |
| Capex | 109.0M | 14.7M | 17.1M | 18.7M | 85.7M |