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 2015Jan 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.2B | 2.1B | 2.9B | 2.1B | 993.0M | 951.0M | 772.0M | 192.0M | 97.0M | 8.2M | 109.0M | 84.3M |
| Revenue Growth % | 2.8% | -28.4% | 41.8% | 108.5% | 4.4% | 23.2% | 302.1% | 98.0% | 1078.1% | -92.4% | 29.4% | -- |
| Total Revenue | 2.2B | 2.1B | 2.9B | 2.1B | 993.0M | 951.0M | 772.0M | 192.0M | 97.0M | 8.2M | 109.0M | 84.3M |
| Cost Of Revenue | 2.3B | 2.0B | 2.6B | 1.8B | 840.0M | 758.0M | 638.0M | 157.0M | 79.8M | 6.8M | 92.8M | 72.6M |
| Gross Profit | -112.0M | 55.0M | 324.0M | 249.0M | 153.0M | 193.0M | 134.0M | 35.0M | 17.2M | 1.4M | 16.2M | 11.6M |
| Gross Margin % | -5.2% | 2.6% | 11.0% | 12.0% | 15.4% | 20.3% | 17.4% | 18.2% | 17.7% | 17.5% | 14.8% | 13.8% |
| Total Operating Cost | 2.6B | 2.6B | 2.9B | 2.0B | 932.0M | 863.0M | 743.0M | 183.0M | 95.1M | 8.0M | 108.0M | 89.2M |
| Selling Expenses | 4.0M | 5.7M | 8.1M | 3.8M | 3.5M | 4.7M | 4.0M | 1.5M | 1.4M | 213,700 | 1.5M | 995,600 |
| Admin Expenses | 69.4M | 94.9M | 92.0M | 47.9M | 34.2M | 33.2M | 23.7M | 9.4M | 11.1M | 810,000 | 9.6M | 11.1M |
| Rd Expenses | 72.8M | 99.3M | 147.0M | 91.4M | 44.9M | 43.2M | 29.8M | 8.0M | -- | -- | -- | -- |
| Finance Expenses | 90.9M | 63.3M | 31.6M | 18.3M | 9.2M | 16.0M | 13.5M | 3.3M | 3.0M | 224,200 | 4.1M | 6.4M |
| Operating Income | -404.0M | -508.0M | 21.3M | 72.7M | 64.9M | 88.4M | 28.0M | 10.0M | 1.7M | 261,400 | 638,000 | -4.9M |
| Operating Margin % | -18.7% | -24.2% | 0.7% | 3.5% | 6.5% | 9.3% | 3.6% | 5.2% | 1.8% | 3.2% | 0.6% | -5.9% |
| Non Operating Income | 25.1M | 1.4M | 946,500 | 734,200 | 658,700 | 1.4M | 2.4M | 258,300 | 995,600 | 257,600 | 97,000 | 58,400 |
| Non Operating Expenses | 11.3M | 1.4M | 17.0M | 1.7M | 1.4M | 738,300 | 384,400 | 118,200 | 349,300 | -- | 60,300 | 140,200 |
| Investment Income | -2.8M | -4.8M | -4.4M | -1.2M | -1.2M | 165,700 | -639,100 | -169,200 | -- | -- | -- | -- |
| Fair Value Change Income | -226,200 | -- | -- | 124,600 | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 211,300 | -1,200 | -620,900 | -32,000 | -669,500 | -2.3M | -2.4M | 13,800 | -100,500 | -- | -- | -- |
| Asset Impairment Loss | 53.7M | 311.0M | 10.6M | 369,800 | 148,700 | 1.5M | 31.8M | 2.2M | -511,300 | -94,400 | -162,200 | -2.3M |
| Other Income | 22.0M | 3.9M | 1.0M | 2.9M | 6.3M | 2.1M | 2.4M | 1.1M | -- | -- | -- | -- |
| Income Before Tax | -390.0M | -508.0M | 5.3M | 71.7M | 64.2M | 89.1M | 30.0M | 10.2M | 2.4M | 519,000 | 674,700 | -5.0M |
| Income Tax | 36.6M | -52.4M | 260,900 | 5.0M | 4.9M | 14.6M | 5.1M | 1.5M | 478,300 | 67,300 | 27,800 | -461,300 |
| Net Income | -427.0M | -456.0M | 5.0M | 66.7M | 59.3M | 74.5M | 24.9M | 8.7M | 1.9M | 451,700 | 646,900 | -4.6M |
| Net Margin % | -19.8% | -21.7% | 0.2% | 3.2% | 6.0% | 7.8% | 3.2% | 4.5% | 2.0% | 5.5% | 0.6% | -5.4% |
| Net Income Attributable | -427.0M | -455.0M | 5.2M | 66.7M | 59.3M | 74.5M | 24.9M | 8.7M | 1.9M | 451,700 | 646,900 | -4.6M |
| Minority Interest | -242,100 | -304,500 | -171,500 | -66,200 | -23,500 | -7,700 | 300.00 | -- | -- | -- | -- | -- |
| Eps Basic | -0.85 | -0.89 | 0.01 | 0.15 | 0.14 | 0.18 | 0.06 | 0.05 | 0.02 | 0.02 | 0.03 | -0.27 |
| Eps Diluted | -0.85 | -0.89 | 0.01 | 0.15 | 0.14 | 0.18 | 0.06 | 0.05 | 0.02 | -- | 0.02 | -- |
| 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 2015Jan 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 171.0M | 93.0M | 678.0M | 277.0M | 115.0M | 165.0M | 177.0M | 31.2M | 101.0M | 4.9M | 5.1M | 991,100 |
| Trading Financial Assets | -- | -- | -- | 60.1M | -- | 20.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 233.0M | 103.0M | 425.0M | 345.0M | 177.0M | 201.0M | 145.0M | 49.0M | 44.5M | 22.1M | 23.7M | 20.8M |
| Notes Receivable | 173.0M | 75.2M | 130.0M | 146.0M | 60.4M | 29.3M | 65.2M | 28.4M | 7.8M | 14.7M | 14.3M | 11.0M |
| Notes And Accounts Receivable | 407.0M | 178.0M | 554.0M | 491.0M | 237.0M | 230.0M | 210.0M | 77.3M | 52.3M | 36.9M | 38.1M | 31.8M |
| Prepayments | 92.3M | 50.0M | 98.4M | 27.3M | 5.4M | 12.1M | 14.1M | 8.3M | 2.2M | 16.7M | 6.5M | 3.7M |
| Inventory | 521.0M | 755.0M | 1.3B | 848.0M | 459.0M | 414.0M | 292.0M | 143.0M | 30.8M | 22.9M | 15.4M | 18.7M |
| Total Current Assets | 1.5B | 1.3B | 2.8B | 1.9B | 900.0M | 908.0M | 738.0M | 289.0M | 192.0M | 85.3M | 69.2M | 65.2M |
| Long Term Equity Investment | 3.0M | 8.5M | 8.0M | 9.6M | 5.5M | 4.5M | 1.6M | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 1.2B | 611.0M | 439.0M | 379.0M | 253.0M | 190.0M | 199.0M | 50.8M | 34.4M | 34.2M | 34.8M |
| Fixed Assets Total | 1.2B | 1.2B | 611.0M | 439.0M | 379.0M | 253.0M | 190.0M | 199.0M | 50.8M | 34.4M | 34.2M | 34.8M |
| Construction In Progress | -- | 89.0M | 479.0M | 302.0M | 62.9M | 52.8M | 4.5M | -- | 4.9M | 1.2M | 642,100 | 864,000 |
| Construction In Progress Total | 75.6M | 111.0M | 505.0M | 311.0M | 66.4M | 56.6M | 5.3M | -- | 4.9M | 1.2M | 642,100 | 864,000 |
| Intangible Assets | 125.0M | 219.0M | 129.0M | 132.0M | 69.5M | 70.9M | 541,000 | 572,000 | 563,200 | 558,300 | 560,300 | 585,700 |
| Long Term Deferred Expenses | 88.9M | 84.9M | 28.9M | 26.3M | 25.0M | 13.7M | 13.0M | 13.6M | 4.9M | 5.1M | 5.1M | 5.4M |
| Total Non Current Assets | 1.6B | 1.8B | 1.4B | 997.0M | 550.0M | 409.0M | 231.0M | 217.0M | 70.0M | 41.6M | 41.0M | 42.2M |
| Total Assets | 3.1B | 3.1B | 4.2B | 2.9B | 1.4B | 1.3B | 969.0M | 505.0M | 262.0M | 127.0M | 110.0M | 107.0M |
| Short Term Borrowings | 572.0M | 403.0M | 425.0M | 542.0M | 221.0M | 195.0M | 316.0M | 145.0M | 58.1M | 45.6M | 45.8M | 45.2M |
| Accounts Payable | 371.0M | 189.0M | 852.0M | 492.0M | 95.3M | 66.6M | 101.0M | 70.0M | 5.2M | 21.0M | 13.3M | 37.0M |
| Advance Receipts | 1,900 | 1,400 | 1,500 | 1,700 | 3,300 | 1.1M | 1.2M | 1.4M | -- | 1.1M | 105,100 | 325,400 |
| Contract Liabilities | 409,900 | 3.1M | 1.1M | 11.2M | 4.8M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.4B | 874.0M | 1.7B | 1.2B | 424.0M | 332.0M | 469.0M | 223.0M | 72.3M | 76.9M | 80.5M | 98.4M |
| Long Term Borrowings | 474.0M | 618.0M | 404.0M | 245.0M | 28.0M | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 1.1B | 1.2B | 1.0B | 362.0M | 95.3M | 105.0M | -- | -- | -- | 1.3M | 1.3M | 1.3M |
| Total Liabilities | 2.5B | 2.0B | 2.7B | 1.5B | 519.0M | 437.0M | 469.0M | 223.0M | 72.3M | 78.2M | 81.8M | 99.7M |
| Paid In Capital | 510.0M | 510.0M | 512.0M | 512.0M | 429.0M | 429.0M | 190.0M | 168.0M | 42.0M | 28.0M | 24.0M | 20.0M |
| Capital Reserve | 791.0M | 789.0M | 761.0M | 663.0M | 366.0M | 346.0M | 279.0M | 111.0M | 148.0M | 56.5M | 40.5M | 24.5M |
| Surplus Reserve | 22.3M | 22.3M | 22.3M | 21.4M | 16.3M | 10.9M | 3.2M | 766,700 | 196,000 | -- | -- | -- |
| Retained Earnings | -741.0M | -314.0M | 141.0M | 178.0M | 116.0M | 92.4M | 25.5M | 3.0M | 339,900 | -35.7M | -36.1M | -36.8M |
| Minority Equity | 5.6M | 6.7M | 11.2M | 10.4M | 3.9M | 2.0M | 2.0M | -- | -- | -- | -- | -- |
| Equity Attributable | 561.0M | 1.0B | 1.5B | 1.3B | 927.0M | 878.0M | 498.0M | 283.0M | 190.0M | 48.8M | 28.4M | 7.7M |
| Total Equity | 567.0M | 1.1B | 1.5B | 1.3B | 931.0M | 880.0M | 500.0M | 283.0M | 190.0M | 48.8M | 28.4M | 7.7M |
| 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 2015Jan 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.2B | 2.6B | 2.9B | 1.9B | 1.0B | 841.0M | 639.0M | 143.0M | 53.3M | 9.4M | 106.0M | 96.0M |
| Tax Refunds Received | -- | -- | 130.0M | 16.0M | 85.3M | 83.6M | 7.1M | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 2.2B | 2.6B | 3.2B | 2.0B | 1.2B | 1.0B | 691.0M | 151.0M | 55.4M | 14.8M | 144.0M | 255.0M |
| Cash Paid For Goods | 1.9B | 2.6B | 3.1B | 1.7B | 816.0M | 920.0M | 678.0M | 208.0M | 81.3M | 14.1M | 98.1M | 75.9M |
| Cash Paid To Employees | 112.0M | 121.0M | 109.0M | 90.9M | 65.5M | 57.8M | 42.4M | 19.1M | 11.9M | 889,300 | 10.5M | 8.3M |
| Taxes Paid | 67.3M | 65.1M | 101.0M | 46.7M | 18.8M | 12.2M | 11.2M | 6.0M | 1.4M | 573,800 | 4.8M | 4.4M |
| Total Operating Cash Outflow | 2.2B | 3.0B | 3.5B | 1.9B | 1.0B | 1.1B | 791.0M | 251.0M | 106.0M | 33.3M | 154.0M | 254.0M |
| Operating Cash Flow | 73.9M | -326.0M | -300.0M | 121.0M | 191.0M | -93.2M | -101.0M | -100.0M | -50.5M | -18.5M | -10.1M | 648,600 |
| Total Investing Cash Inflow | 31.4M | 26,800 | 401.0M | 181.0M | 20.7M | 781,800 | -- | 300,400 | 540,600 | -- | 14,600 | -- |
| Total Investing Cash Outflow | 76.1M | 427.0M | 694.0M | 655.0M | 198.0M | 240.0M | 61.0M | 124.0M | 31.6M | 1.3M | 18.6M | 2.2M |
| Investing Cash Flow | -44.8M | -427.0M | -293.0M | -474.0M | -178.0M | -239.0M | -61.0M | -124.0M | -31.0M | -1.3M | -18.6M | -2.2M |
| Cash From Borrowings | 826.0M | 827.0M | 890.0M | 684.0M | 636.0M | 505.0M | 375.0M | 193.0M | 71.9M | 5.4M | 71.6M | 90.2M |
| Dividends And Interest Paid | 45.7M | 41.4M | 74.5M | 28.9M | 36.7M | 12.3M | 12.5M | 3.4M | 2.3M | 273,000 | 3.9M | 5.7M |
| Debt Repayments | 665.0M | 467.0M | 408.0M | 489.0M | 610.0M | 584.0M | 244.0M | 120.0M | 38.0M | 5.6M | 71.0M | 95.7M |
| Total Financing Cash Inflow | 846.0M | 827.0M | 1.5B | 1.1B | 638.0M | 918.0M | 583.0M | 283.0M | 261.0M | 25.4M | 157.0M | 108.0M |
| Total Financing Cash Outflow | 803.0M | 618.0M | 558.0M | 563.0M | 689.0M | 630.0M | 287.0M | 124.0M | 84.9M | 5.8M | 129.0M | 109.0M |
| Financing Cash Flow | 42.6M | 209.0M | 976.0M | 501.0M | -51.4M | 288.0M | 296.0M | 159.0M | 176.0M | 19.5M | 28.3M | -1.1M |
| Net Change In Cash | 70.4M | -543.0M | 383.0M | 146.0M | -40.6M | -42.3M | 137.0M | -65.8M | 94.3M | -230,000 | -355,300 | -2.7M |
| Ending Cash Balance | 140.0M | 69.4M | 613.0M | 229.0M | 83.1M | 124.0M | 166.0M | 29.2M | 94.9M | 405,800 | 635,800 | 991,100 |
| Capex | 75.1M | 425.0M | 354.0M | 410.0M | 197.0M | 217.0M | 59.4M | 124.0M | 29.6M | 1.3M | 18.6M | 2.2M |