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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 103.0M | 183.0M | 205.0M | 460.0M | 560.0M | 532.0M | 318.0M | 275.0M | 187.0M |
| Revenue Growth % | -43.7% | -10.7% | -55.4% | -17.9% | 5.3% | 67.3% | 15.6% | 47.1% | -- |
| Total Revenue | 103.0M | 183.0M | 205.0M | 460.0M | 560.0M | 532.0M | 318.0M | 275.0M | 187.0M |
| Cost Of Revenue | 105.0M | 200.0M | 113.0M | 174.0M | 230.0M | 225.0M | 108.0M | 90.1M | 56.0M |
| Gross Profit | -2.0M | -17.0M | 92.0M | 286.0M | 330.0M | 307.0M | 210.0M | 184.9M | 131.0M |
| Gross Margin % | -1.9% | -9.3% | 44.9% | 62.2% | 58.9% | 57.7% | 66.0% | 67.2% | 70.0% |
| Total Operating Cost | 446.0M | 415.0M | 393.0M | 360.0M | 375.0M | 362.0M | 220.0M | 191.0M | 142.0M |
| Selling Expenses | 21.1M | 34.7M | 26.1M | 33.1M | 36.0M | 36.3M | 27.0M | 24.3M | 22.9M |
| Admin Expenses | 82.1M | 91.9M | 70.9M | 61.1M | 54.7M | 62.6M | 51.5M | 37.3M | 38.1M |
| Rd Expenses | 7.4M | 18.7M | 22.8M | 25.0M | 22.8M | 23.6M | 15.6M | 11.0M | 10.0M |
| Finance Expenses | -324,900 | -5.4M | -11.3M | -15.7M | -3.6M | -4.9M | -2.3M | -898,100 | -428,700 |
| Operating Income | -328.0M | -230.0M | -184.0M | 106.0M | 185.0M | 171.0M | 99.1M | 84.3M | 45.5M |
| Operating Margin % | -318.4% | -125.7% | -89.8% | 23.0% | 33.0% | 32.1% | 31.2% | 30.6% | 24.3% |
| Non Operating Income | 3.6M | 53,700 | 500.00 | 2.1M | 4.8M | 6.2M | 7.1M | 4.8M | 3.5M |
| Non Operating Expenses | 10.9M | 4.2M | 2.1M | 5.3M | 51,800 | 4.5M | 61,100 | 1.1M | 533,600 |
| Investment Income | 1.5M | 1.2M | -- | -28,900 | -351,100 | -- | -- | -- | -- |
| Fair Value Change Income | 8.4M | -- | -32,800 | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 576,400 | -52,200 | 25,000 | 12,400 | -119,600 | 29,800 | 2,500 | -14,600 | -4,700 |
| Asset Impairment Loss | 109.0M | 33.3M | 44.2M | 16.3M | 2.3M | -- | 16.5M | 26.1M | 12.8M |
| Other Income | 4.0M | 244,600 | 3.4M | 4.8M | 910,300 | -- | 384,100 | 631,200 | -- |
| Income Before Tax | -335.0M | -235.0M | -186.0M | 102.0M | 190.0M | 172.0M | 106.0M | 88.0M | 48.5M |
| Income Tax | -554,800 | 53.2M | -25.6M | 10.0M | 26.8M | 24.1M | 14.5M | 17.8M | 10.3M |
| Net Income | -335.0M | -288.0M | -160.0M | 92.4M | 163.0M | 148.0M | 91.7M | 70.2M | 38.2M |
| Net Margin % | -325.2% | -157.4% | -78.0% | 20.1% | 29.1% | 27.8% | 28.8% | 25.5% | 20.4% |
| Net Income Attributable | -334.0M | -287.0M | -160.0M | 92.4M | 163.0M | 148.0M | 91.7M | 70.2M | 38.2M |
| Minority Interest | -329,200 | -223,800 | -4,700 | -3,400 | -- | -- | -- | -- | -- |
| Eps Basic | -2.95 | -2.54 | -1.42 | 0.84 | 2.78 | 2.53 | 1.76 | -- | -- |
| Eps Diluted | -2.95 | -2.54 | -1.42 | 1.23 | 2.78 | 2.53 | 1.76 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 188.0M | 374.0M | 532.0M | 841.0M | 262.0M | 257.0M | 414.0M | 176.0M | 110.0M |
| Trading Financial Assets | -- | -- | 2.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 585.0M | 472.0M | 649.0M | 667.0M | 473.0M | 315.0M | 216.0M | 156.0M | 219.0M |
| Notes Receivable | 3.8M | -- | 2.0M | 1.3M | 3.5M | 3.0M | 5.0M | 350,000 | 1.1M |
| Notes And Accounts Receivable | 589.0M | 472.0M | 651.0M | 668.0M | 476.0M | 318.0M | 221.0M | 156.0M | 221.0M |
| Prepayments | 707,800 | 934,300 | 2.5M | 1.4M | 1.2M | 958,200 | 759,900 | 510,800 | 555,300 |
| Inventory | 104.0M | 47.1M | 61.1M | 12.6M | 7.6M | 243.0M | 157.0M | 126.0M | 2.8M |
| Total Current Assets | 1.0B | 1.2B | 1.5B | 1.9B | 1.0B | 842.0M | 809.0M | 482.0M | 345.0M |
| Long Term Equity Investment | -- | -- | -- | -- | 28,900 | 380,000 | -- | -- | -- |
| Fixed Assets | -- | 261.0M | 217.0M | -- | -- | -- | -- | -- | -- |
| Fixed Assets Total | 244.0M | 261.0M | 217.0M | 204.0M | 12.8M | 12.4M | 10.1M | 8.5M | 6.6M |
| Construction In Progress | -- | 33.2M | 5.4M | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 56.3M | 33.2M | 5.4M | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 26.3M | 19.3M | 20.0M | 422,100 | 592,500 | 208,500 | 206,700 | 227,600 | 292,700 |
| Long Term Deferred Expenses | 15.0M | 20.9M | 22.6M | 9.7M | 9.5M | 4.1M | 2.8M | 3.8M | 2.3M |
| Total Non Current Assets | 497.0M | 509.0M | 450.0M | 274.0M | 221.0M | 208.0M | 39.2M | 36.7M | 23.1M |
| Total Assets | 1.5B | 1.7B | 1.9B | 2.1B | 1.3B | 1.1B | 848.0M | 519.0M | 368.0M |
| Short Term Borrowings | 29.0M | -- | -- | -- | 3.5M | 2.8M | -- | -- | -- |
| Accounts Payable | 278.0M | 145.0M | 132.0M | 125.0M | 149.0M | 103.0M | 45.7M | 38.9M | 12.1M |
| Advance Receipts | -- | 58,800 | -- | -- | -- | 533,700 | 820,200 | 555,200 | 445,300 |
| Contract Liabilities | 31.9M | 9.8M | 1.5M | 136,300 | 928,100 | -- | -- | -- | -- |
| Total Current Liabilities | 476.0M | 276.0M | 249.0M | 261.0M | 280.0M | 221.0M | 126.0M | 129.0M | 56.6M |
| Total Non Current Liabilities | 77.6M | 94.7M | 65.7M | 27.5M | 18.5M | 17.6M | 12.6M | 11.4M | 7.0M |
| Total Liabilities | 553.0M | 370.0M | 315.0M | 289.0M | 299.0M | 239.0M | 138.0M | 140.0M | 63.6M |
| Paid In Capital | 113.0M | 113.0M | 113.0M | 78.1M | 58.6M | 58.6M | 58.6M | 12.7M | 12.7M |
| Capital Reserve | 1.2B | 1.2B | 1.2B | 1.3B | 508.0M | 508.0M | 508.0M | 184.0M | 184.0M |
| Surplus Reserve | 42.3M | 42.3M | 42.3M | 42.3M | 38.0M | 24.1M | 10.4M | 15.9M | 10.0M |
| Retained Earnings | -412.0M | -77.4M | 210.0M | 448.0M | 360.0M | 221.0M | 134.0M | 166.0M | 97.9M |
| Minority Equity | -2.1M | 1.1M | 792,600 | 976,600 | -- | -- | -- | -- | -- |
| Equity Attributable | 975.0M | 1.3B | 1.6B | 1.8B | 965.0M | 812.0M | 710.0M | 379.0M | 305.0M |
| Total Equity | 972.0M | 1.3B | 1.6B | 1.8B | 965.0M | 812.0M | 710.0M | 379.0M | 305.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 209.0M | 238.0M | 213.0M | 223.0M | 382.0M | 359.0M | 234.0M | 213.0M | 89.6M |
| Tax Refunds Received | 1.3M | 3.0M | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 371.0M | 252.0M | 232.0M | 245.0M | 395.0M | 372.0M | 251.0M | 220.0M | 96.6M |
| Cash Paid For Goods | 164.0M | 132.0M | 137.0M | 164.0M | 160.0M | 127.0M | 62.1M | 25.7M | 14.1M |
| Cash Paid To Employees | 68.4M | 82.1M | 96.3M | 112.0M | 103.0M | 102.0M | 92.7M | 74.1M | 57.8M |
| Taxes Paid | 14.0M | 8.7M | 32.7M | 31.7M | 60.2M | 49.2M | 37.8M | 18.4M | 19.4M |
| Total Operating Cash Outflow | 499.0M | 314.0M | 328.0M | 374.0M | 372.0M | 342.0M | 237.0M | 165.0M | 123.0M |
| Operating Cash Flow | -127.0M | -62.6M | -96.4M | -128.0M | 22.5M | 29.9M | 14.4M | 54.3M | -26.7M |
| Total Investing Cash Inflow | 124.0M | 313.0M | 239.0M | 740,500 | 40,400 | 47,300 | 1.7M | 57,000 | 9,430 |
| Total Investing Cash Outflow | 60.8M | 221.0M | 269.0M | 468.0M | 16.5M | 152.0M | 4.2M | 7.5M | 6.8M |
| Investing Cash Flow | 63.4M | 91.5M | -29.6M | -468.0M | -16.5M | -152.0M | -2.6M | -7.4M | -6.8M |
| Cash From Borrowings | -- | -- | -- | -- | 3.5M | 2.8M | -- | -- | -- |
| Dividends And Interest Paid | 115,300 | -- | 78.1M | -- | -- | 46.9M | -- | -- | -- |
| Debt Repayments | 8.2M | -- | -- | 3.5M | 2.8M | -- | -- | -- | -- |
| Total Financing Cash Inflow | 23.2M | -- | -- | 797.0M | 3.5M | 2.8M | 240.0M | 17.8M | 70.0M |
| Total Financing Cash Outflow | 16.7M | 9.0M | 84.9M | 22.0M | 2.8M | 49.9M | 17.8M | -- | -- |
| Financing Cash Flow | 6.5M | -9.0M | -84.9M | 775.0M | 700,000 | -47.1M | 222.0M | 17.8M | 70.0M |
| Net Change In Cash | -57.5M | 19.9M | -211.0M | 179.0M | 6.7M | -169.0M | 234.0M | 64.6M | 36.5M |
| Ending Cash Balance | 176.0M | 234.0M | 214.0M | 425.0M | 245.0M | 239.0M | 408.0M | 174.0M | 109.0M |
| Capex | 45.0M | 59.5M | 63.9M | 68.3M | 16.5M | 152.0M | 4.2M | 5.8M | 6.8M |