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 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 727.0M | 665.0M | 928.0M | 597.0M | 499.0M | 583.0M | 601.0M | 459.0M | 375.0M | 325.0M | 162.0M | 143.0M | 109.0M |
| Revenue Growth % | 9.3% | -28.3% | 55.4% | 19.6% | -14.4% | -3.0% | 30.9% | 22.4% | 15.4% | 100.6% | 13.3% | 31.2% | -- |
| Total Revenue | 727.0M | 665.0M | 928.0M | 597.0M | 499.0M | 583.0M | 601.0M | 459.0M | 375.0M | 325.0M | 162.0M | 143.0M | 109.0M |
| Cost Of Revenue | 774.0M | 749.0M | 1.1B | 532.0M | 393.0M | 454.0M | 460.0M | 349.0M | 291.0M | 256.0M | 129.0M | 118.0M | 91.8M |
| Gross Profit | -47.0M | -84.0M | -187.0M | 65.0M | 106.0M | 129.0M | 141.0M | 110.0M | 84.0M | 69.0M | 33.0M | 25.0M | 17.2M |
| Gross Margin % | -6.5% | -12.6% | -20.2% | 10.9% | 21.2% | 22.1% | 23.5% | 24.0% | 22.4% | 21.2% | 20.4% | 17.5% | 15.7% |
| Total Operating Cost | 968.0M | 924.0M | 1.2B | 600.0M | 437.0M | 510.0M | 512.0M | 394.0M | 326.0M | 295.0M | 154.0M | 138.0M | 106.0M |
| Selling Expenses | 4.0M | 3.6M | 4.8M | 6.0M | 3.1M | 7.3M | 6.0M | 5.7M | 2.4M | 1.7M | 973,100 | 1.0M | 850,300 |
| Admin Expenses | 47.4M | 59.5M | 51.2M | 33.7M | 19.0M | 20.0M | 13.2M | 13.5M | 8.6M | 21.4M | 12.4M | 10.9M | 7.3M |
| Rd Expenses | 19.2M | 18.9M | 31.7M | 20.5M | 16.9M | 18.6M | 18.6M | 14.1M | 12.1M | -- | -- | -- | -- |
| Finance Expenses | 28.1M | 23.7M | 18.2M | 3.4M | -7.8M | 4.4M | 9.0M | 7.3M | 6.7M | 12.5M | 10.3M | 7.5M | 6.0M |
| Operating Income | -223.0M | -224.0M | -274.0M | 6.1M | 83.0M | 91.2M | 106.0M | 80.2M | 49.0M | 30.2M | 7.9M | 5.9M | 3.1M |
| Operating Margin % | -30.7% | -33.7% | -29.5% | 1.0% | 16.6% | 15.6% | 17.6% | 17.5% | 13.1% | 9.3% | 4.9% | 4.1% | 2.9% |
| Non Operating Income | 4.4M | 877,700 | 1.7M | 220,400 | 2.6M | 3.1M | 3.8M | 2.9M | 12.7M | 6.9M | 200,000 | 79,200 | -- |
| Non Operating Expenses | 15.9M | 12.0M | 1.1M | -- | 5.5M | 500,000 | 50,000 | 3.1M | -- | 3.7M | -- | -- | -- |
| Investment Income | -1.8M | 6.8M | -250,500 | 1.7M | 745,000 | 2.3M | -- | 15.5M | -- | -- | -- | -- | -- |
| Fair Value Change Income | -- | -- | -- | -- | 2,000 | 1.2M | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -3.5M | -1,300 | -- | 576,600 | -- | -- | 16,100 | 85,800 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 84.4M | 19.9M | 9.4M | -- | 5.0M | -- | 673,400 | 486,200 | 845,400 | 734,200 | 201,900 | -41,300 | 54,800 |
| Other Income | 23.3M | 27.4M | 38.7M | 6.8M | 19.9M | 14.6M | 17.0M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -235.0M | -235.0M | -274.0M | 6.3M | 80.1M | 93.8M | 110.0M | 80.0M | 61.7M | 33.4M | 8.1M | 6.0M | 3.1M |
| Income Tax | 1.6M | 1.5M | 3.5M | -2.5M | 3.5M | 3.8M | 14.7M | 11.1M | 8.4M | 4.8M | 2.1M | 1.5M | 806,600 |
| Net Income | -236.0M | -237.0M | -277.0M | 8.9M | 76.6M | 90.0M | 94.9M | 68.8M | 53.3M | 28.5M | 6.0M | 4.5M | 2.3M |
| Net Margin % | -32.5% | -35.6% | -29.8% | 1.5% | 15.4% | 15.4% | 15.8% | 15.0% | 14.2% | 8.8% | 3.7% | 3.1% | 2.1% |
| Net Income Attributable | -236.0M | -237.0M | -277.0M | 8.9M | 76.6M | 90.0M | 94.9M | 68.8M | 53.3M | 28.5M | 6.0M | 4.5M | 2.3M |
| Minority Interest | -739,500 | -1,800 | -2,400 | -1,000 | -2,200 | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -1.15 | -1.16 | -1.35 | 0.04 | 0.37 | 0.50 | 0.61 | 0.46 | 0.46 | 0.34 | 0.10 | 0.15 | 0.08 |
| Eps Diluted | -1.15 | -1.16 | -1.35 | 0.04 | 0.37 | 0.50 | 0.61 | 0.46 | 0.45 | 0.33 | 0.10 | 0.15 | 0.08 |
| 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 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 61.9M | 36.7M | 11.6M | 276.0M | 232.0M | 457.0M | 435.0M | 254.0M | 267.0M | 5.5M | 2.4M | 5.8M | 5.0M |
| Trading Financial Assets | -- | -- | -- | -- | 22.0M | 131.0M | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 10.3M | 42.7M | 50.7M | 78.4M | 69.7M | 54.1M | 42.9M | 33.4M | 27.8M | 18.8M | 5.1M | 1.5M | 2.3M |
| Notes Receivable | 15.5M | 14.9M | 4.4M | 7.6M | -- | -- | 20.0M | 2.9M | 220,000 | 531,800 | 632,000 | 1.4M | 222,900 |
| Notes And Accounts Receivable | 25.9M | 57.5M | 55.1M | 86.1M | 69.7M | 54.1M | 62.9M | 36.2M | 28.0M | 19.3M | 5.8M | 2.9M | 2.5M |
| Prepayments | 185,700 | 1.7M | 2.3M | 1.2M | 5.5M | 4.1M | 2.9M | 4.3M | 23.0M | 11.1M | 7.2M | 10.2M | 4.1M |
| Inventory | 77.0M | 80.4M | 77.1M | 98.1M | 30.9M | 27.1M | 40.4M | 43.5M | 67.6M | 41.6M | 41.0M | 34.2M | 25.6M |
| Total Current Assets | 181.0M | 225.0M | 153.0M | 479.0M | 793.0M | 892.0M | 541.0M | 338.0M | 393.0M | 77.5M | 56.4M | 53.1M | 37.2M |
| Long Term Equity Investment | 54.9M | 48.5M | 139.0M | 100.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 836.0M | 898.0M | 816.0M | 178.0M | -- | -- | 238.0M | 171.0M | 169.0M | 102.0M | 109.0M | 114.0M |
| Fixed Assets Total | 719.0M | 836.0M | 898.0M | 816.0M | 178.0M | 202.0M | 220.0M | 238.0M | 171.0M | 169.0M | 102.0M | 109.0M | 114.0M |
| Construction In Progress | -- | 65.6M | 56.4M | 171.0M | 292.0M | -- | -- | -- | 12.2M | 8.8M | -- | -- | -- |
| Construction In Progress Total | 22.7M | 85.8M | 75.2M | 171.0M | 292.0M | 21.4M | -- | -- | 12.2M | 8.8M | -- | -- | -- |
| Intangible Assets | 185.0M | 206.0M | 211.0M | 186.0M | 190.0M | 78.0M | 79.9M | 67.4M | 29.7M | 30.4M | 31.2M | 32.0M | 32.8M |
| Long Term Deferred Expenses | 24.2M | 27.4M | 32.6M | 28.3M | 4.4M | 10.4M | 7.1M | 8.6M | 10.2M | -- | -- | -- | -- |
| Total Non Current Assets | 1.1B | 1.3B | 1.4B | 1.4B | 819.0M | 419.0M | 313.0M | 316.0M | 225.0M | 210.0M | 134.0M | 141.0M | 147.0M |
| Total Assets | 1.3B | 1.5B | 1.6B | 1.8B | 1.6B | 1.3B | 854.0M | 654.0M | 617.0M | 287.0M | 190.0M | 194.0M | 184.0M |
| Short Term Borrowings | 266.0M | 249.0M | 157.0M | 140.0M | 162.0M | 131.0M | 188.0M | 135.0M | 167.0M | 167.0M | 130.0M | 133.0M | 115.0M |
| Accounts Payable | 169.0M | 190.0M | 164.0M | 136.0M | 29.7M | 21.2M | 45.5M | 23.6M | 23.9M | 10.2M | 10.0M | 16.5M | 13.5M |
| Advance Receipts | 5.1M | 237,100 | 312,100 | -- | -- | 3.9M | 6.9M | 6.3M | 8.7M | 2.2M | 2.3M | 2.8M | 4.7M |
| Contract Liabilities | 16.8M | 8.3M | 1.5M | 4.3M | 5.5M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 723.0M | 610.0M | 400.0M | 314.0M | 258.0M | 178.0M | 266.0M | 176.0M | 394.0M | 187.0M | 154.0M | 163.0M | 158.0M |
| Long Term Borrowings | 85.7M | 179.0M | 262.0M | 322.0M | 169.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 111.0M | 217.0M | 286.0M | 349.0M | 180.0M | 14.4M | 15.7M | 993,800 | 1.1M | -- | -- | -- | -- |
| Total Liabilities | 834.0M | 827.0M | 687.0M | 663.0M | 437.0M | 192.0M | 282.0M | 177.0M | 395.0M | 187.0M | 154.0M | 163.0M | 158.0M |
| Paid In Capital | 205.0M | 205.0M | 205.0M | 206.0M | 206.0M | 206.0M | 154.0M | 154.0M | 126.0M | 54.0M | 29.8M | 29.8M | 29.8M |
| Capital Reserve | 608.0M | 566.0M | 566.0M | 574.0M | 574.0M | 574.0M | 170.0M | 170.0M | 11.4M | 15.3M | 3.8M | -- | -- |
| Surplus Reserve | 42.2M | 42.2M | 42.2M | 42.2M | 40.8M | 33.4M | 24.5M | 15.2M | 8.5M | 3.1M | 264,500 | 48,400 | -- |
| Retained Earnings | -389.0M | -153.0M | 83.7M | 361.0M | 353.0M | 305.0M | 224.0M | 138.0M | 76.0M | 28.1M | 2.4M | 436,000 | -4.0M |
| Minority Equity | 3.1M | 743,800 | 734,600 | 710,700 | 723,800 | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 465.0M | 660.0M | 896.0M | 1.2B | 1.2B | 1.1B | 572.0M | 477.0M | 222.0M | 100.0M | 36.3M | 30.3M | 25.8M |
| Total Equity | 468.0M | 660.0M | 897.0M | 1.2B | 1.2B | 1.1B | 572.0M | 477.0M | 222.0M | 100.0M | 36.3M | 30.3M | 25.8M |
| 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 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 776.0M | 698.0M | 1.0B | 742.0M | 495.0M | 602.0M | 631.0M | 511.0M | 423.0M | -- | 159.0M | -- | 131.0M |
| Tax Refunds Received | 11.7M | 24.5M | 47.0M | 4.9M | 17.6M | 13.6M | 15.4M | 13.7M | 12.3M | -- | -- | -- | -- |
| Total Operating Cash Inflow | 806.0M | 723.0M | 1.1B | 761.0M | 525.0M | 630.0M | 660.0M | 531.0M | 437.0M | -- | 163.0M | -- | 132.0M |
| Cash Paid For Goods | 687.0M | 620.0M | 1.0B | 651.0M | 367.0M | 426.0M | 429.0M | 318.0M | 318.0M | -- | 126.0M | -- | 110.0M |
| Cash Paid To Employees | 47.3M | 53.5M | 64.4M | 45.6M | 25.5M | 23.5M | 21.0M | 17.7M | 15.2M | -- | 7.2M | -- | 4.3M |
| Taxes Paid | 43.0M | 52.9M | 77.7M | 15.8M | 49.2M | 39.9M | 44.8M | 42.2M | 36.2M | -- | 8.9M | -- | 1.6M |
| Total Operating Cash Outflow | 797.0M | 752.0M | 1.2B | 737.0M | 461.0M | 520.0M | 520.0M | 400.0M | 384.0M | -- | 150.0M | -- | 216.0M |
| Operating Cash Flow | 8.6M | -28.6M | -123.0M | 24.4M | 64.3M | 109.0M | 140.0M | 132.0M | 52.9M | -- | 13.3M | -- | -84.3M |
| Total Investing Cash Inflow | 87.6M | 12.5M | 11.7M | 649.0M | 364.0M | 342.0M | 27,000 | 234,200 | -- | -- | -- | -- | -- |
| Total Investing Cash Outflow | 34.3M | 36.6M | 117.0M | 694.0M | 852.0M | 810.0M | 14.8M | 113.0M | 27.9M | -- | 990,200 | -- | 6.9M |
| Investing Cash Flow | 53.3M | -24.1M | -105.0M | -45.0M | -489.0M | -467.0M | -14.7M | -113.0M | -27.9M | -- | -990,200 | -- | -6.9M |
| Cash From Borrowings | 622.0M | 404.0M | 217.0M | 337.0M | 331.0M | 280.0M | 218.0M | 192.0M | 190.0M | -- | 153.0M | -- | 115.0M |
| Dividends And Interest Paid | 26.5M | 21.0M | 22.5M | 20.8M | 30.4M | 10.1M | 12.0M | 9.4M | 13.0M | -- | 10.4M | -- | 5.9M |
| Debt Repayments | 614.0M | 327.0M | 212.0M | 199.0M | 131.0M | 337.0M | 165.0M | 223.0M | 190.0M | -- | 156.0M | -- | 49.5M |
| Total Financing Cash Inflow | 626.0M | 433.0M | 217.0M | 339.0M | 370.0M | 792.0M | 238.0M | 386.0M | 716.0M | -- | 156.0M | -- | 141.0M |
| Total Financing Cash Outflow | 657.0M | 361.0M | 247.0M | 279.0M | 172.0M | 412.0M | 182.0M | 233.0M | 664.0M | -- | 169.0M | -- | 55.4M |
| Financing Cash Flow | -31.6M | 72.6M | -30.4M | 59.7M | 198.0M | 380.0M | 55.4M | 153.0M | 51.9M | -- | -13.1M | -- | 85.1M |
| Net Change In Cash | 30.3M | 20.1M | -258.0M | 38.8M | -227.0M | 22.4M | 181.0M | 172.0M | 76.8M | -- | -734,800 | -- | -6.1M |
| Ending Cash Balance | 61.9M | 31.7M | 11.6M | 269.0M | 230.0M | 457.0M | 435.0M | 254.0M | 82.4M | -- | 1.1M | -- | 5.0M |
| Capex | 25.9M | 36.6M | 66.2M | 378.0M | 413.0M | 133.0M | 14.8M | 113.0M | 27.9M | -- | 990,200 | -- | 6.9M |