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 | 486.0M | 321.0M | 414.0M | 439.0M | 423.0M |
| Revenue Growth % | 51.4% | -22.5% | -5.7% | 3.8% | -- |
| Total Revenue | 486.0M | 321.0M | 414.0M | 439.0M | 423.0M |
| Cost Of Revenue | 395.0M | 250.0M | 264.0M | 219.0M | 183.0M |
| Gross Profit | 91.0M | 71.0M | 150.0M | 220.0M | 240.0M |
| Gross Margin % | 18.7% | 22.1% | 36.2% | 50.1% | 56.7% |
| Total Operating Cost | 610.0M | 420.0M | 400.0M | 342.0M | 281.0M |
| Selling Expenses | 5.8M | 4.5M | 4.9M | 3.7M | 6.6M |
| Admin Expenses | 45.2M | 41.6M | 39.0M | 39.6M | 30.9M |
| Rd Expenses | 108.0M | 85.3M | 72.5M | 63.8M | 42.3M |
| Finance Expenses | 25.7M | 17.2M | 7.7M | 5.5M | 5.9M |
| Operating Income | -129.0M | -107.0M | 16.1M | 110.0M | 162.0M |
| Operating Margin % | -26.5% | -33.3% | 3.9% | 25.1% | 38.3% |
| Non Operating Income | 172,300 | 39,800 | 159,100 | 6,900 | 30,800 |
| Non Operating Expenses | 780,500 | 155,600 | 831,000 | 2.1M | 536,500 |
| Investment Income | -10.9M | -4.7M | 1.4M | 3.6M | 4.3M |
| Fair Value Change Income | -- | -11.4M | -4.4M | -755,600 | 3.5M |
| Asset Disposal Income | -1.7M | 336,100 | 454,400 | 1.3M | 4.0M |
| Asset Impairment Loss | 21.1M | 14.0M | 7.8M | 7.9M | 5.7M |
| Other Income | 7.6M | 8.2M | 4.9M | 8.0M | 8.6M |
| Income Before Tax | -130.0M | -107.0M | 15.4M | 108.0M | 162.0M |
| Income Tax | -23.4M | -19.6M | -4.9M | 8.4M | 19.6M |
| Net Income | -107.0M | -87.1M | 20.3M | 99.1M | 142.0M |
| Net Margin % | -22.0% | -27.1% | 4.9% | 22.6% | 33.6% |
| Net Income Attributable | -102.0M | -84.5M | 22.1M | 99.9M | 144.0M |
| Minority Interest | -4.8M | -2.7M | -1.8M | -777,200 | -1.7M |
| Eps Basic | -0.26 | -0.21 | 0.06 | 0.26 | 0.48 |
| Eps Diluted | -0.26 | -0.21 | 0.06 | 0.26 | 0.48 |
| 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 | 142.0M | 140.0M | 335.0M | 425.0M | 76.0M |
| Trading Financial Assets | -- | -- | 1.0M | 201.0M | 3.5M |
| Accounts Receivable | 99.4M | 32.6M | 30.2M | 48.4M | 52.0M |
| Notes Receivable | 4.6M | 2.9M | 1.1M | 7.2M | 9.3M |
| Notes And Accounts Receivable | 104.0M | 35.5M | 31.3M | 55.6M | 61.2M |
| Prepayments | 7.5M | 12.4M | 8.1M | 6.4M | 5.3M |
| Inventory | 102.0M | 72.8M | 68.5M | 65.9M | 54.9M |
| Total Current Assets | 412.0M | 293.0M | 470.0M | 788.0M | 268.0M |
| Long Term Equity Investment | 2.1M | 2.5M | 3.6M | -- | -- |
| Fixed Assets | -- | 1.2B | 876.0M | 709.0M | 538.0M |
| Fixed Assets Total | 1.5B | 1.2B | 876.0M | 709.0M | 538.0M |
| Construction In Progress | -- | 418.0M | 291.0M | 177.0M | 214.0M |
| Construction In Progress Total | 810.0M | 418.0M | 291.0M | 177.0M | 214.0M |
| Intangible Assets | 133.0M | 137.0M | 138.0M | 47.8M | 52.4M |
| Long Term Deferred Expenses | 2.5M | 2.6M | 1.8M | -- | -- |
| Total Non Current Assets | 2.6B | 2.0B | 1.4B | 1.0B | 813.0M |
| Total Assets | 3.0B | 2.3B | 1.9B | 1.8B | 1.1B |
| Short Term Borrowings | 214.0M | 130.0M | 107.0M | 7.0M | 116.0M |
| Accounts Payable | 232.0M | 125.0M | 74.4M | 69.9M | 113.0M |
| Advance Receipts | 3.9M | 14.4M | 789,200 | 272,300 | -- |
| Contract Liabilities | 4.0M | 7.8M | 177,800 | 232,000 | 683,700 |
| Total Current Liabilities | 734.0M | 356.0M | 215.0M | 196.0M | 278.0M |
| Long Term Borrowings | 532.0M | 359.0M | 89.7M | -- | 200.0M |
| Total Non Current Liabilities | 908.0M | 418.0M | 102.0M | 5.1M | 202.0M |
| Total Liabilities | 1.6B | 774.0M | 317.0M | 201.0M | 480.0M |
| Paid In Capital | 407.0M | 401.0M | 401.0M | 401.0M | 301.0M |
| Capital Reserve | 885.0M | 886.0M | 884.0M | 882.0M | 39.1M |
| Surplus Reserve | 21.6M | 21.6M | 21.6M | 20.2M | 16.8M |
| Retained Earnings | 78.6M | 180.0M | 265.0M | 274.0M | 221.0M |
| Minority Equity | 36.6M | 40.2M | 42.9M | 30.0M | 23.0M |
| Equity Attributable | 1.4B | 1.5B | 1.6B | 1.6B | 578.0M |
| Total Equity | 1.4B | 1.5B | 1.6B | 1.6B | 601.0M |
| 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 | 439.0M | 328.0M | 421.0M | 485.0M | 419.0M |
| Tax Refunds Received | 88.9M | 62.6M | 92.1M | 110.0M | 41.9M |
| Total Operating Cash Inflow | 734.0M | 620.0M | 866.0M | 888.0M | 689.0M |
| Cash Paid For Goods | 296.0M | 149.0M | 195.0M | 290.0M | 183.0M |
| Cash Paid To Employees | 141.0M | 101.0M | 112.0M | 99.8M | 77.9M |
| Taxes Paid | 15.7M | 16.3M | 18.0M | 28.8M | 31.4M |
| Total Operating Cash Outflow | 657.0M | 492.0M | 679.0M | 697.0M | 528.0M |
| Operating Cash Flow | 76.7M | 128.0M | 187.0M | 191.0M | 161.0M |
| Total Investing Cash Inflow | 65.7M | 67.4M | 206.0M | 369.0M | 14.7M |
| Total Investing Cash Outflow | 895.0M | 722.0M | 581.0M | 857.0M | 375.0M |
| Investing Cash Flow | -830.0M | -655.0M | -374.0M | -489.0M | -360.0M |
| Cash From Borrowings | 585.0M | 510.0M | 326.0M | 47.5M | 383.0M |
| Dividends And Interest Paid | 23.3M | 11.3M | 37.7M | 50.1M | 8.7M |
| Debt Repayments | 268.0M | 189.0M | 221.0M | 282.0M | 115.0M |
| Total Financing Cash Inflow | 1.1B | 560.0M | 343.0M | 1.0B | 388.0M |
| Total Financing Cash Outflow | 370.0M | 204.0M | 284.0M | 359.0M | 147.0M |
| Financing Cash Flow | 718.0M | 355.0M | 59.4M | 670.0M | 240.0M |
| Net Change In Cash | -35.7M | -181.0M | -117.0M | 359.0M | 37.8M |
| Ending Cash Balance | 91.2M | 127.0M | 307.0M | 425.0M | 66.0M |
| Capex | 769.0M | 640.0M | 539.0M | 297.0M | 375.0M |