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 | 622.0M | 810.0M | 860.0M | 1.0B | 798.0M | 774.0M | 493.0M | 283.0M | 146.0M |
| Revenue Growth % | -23.2% | -5.8% | -17.9% | 31.2% | 3.1% | 57.0% | 74.2% | 93.8% | -- |
| Total Revenue | 622.0M | 810.0M | 860.0M | 1.0B | 798.0M | 774.0M | 493.0M | 283.0M | 146.0M |
| Cost Of Revenue | 504.0M | 721.0M | 632.0M | 750.0M | 542.0M | 517.0M | 316.0M | 176.0M | 88.3M |
| Gross Profit | 118.0M | 89.0M | 228.0M | 297.0M | 256.0M | 257.0M | 177.0M | 107.0M | 57.7M |
| Gross Margin % | 19.0% | 11.0% | 26.5% | 28.4% | 32.1% | 33.2% | 35.9% | 37.8% | 39.5% |
| Total Operating Cost | 710.0M | 912.0M | 852.0M | 981.0M | 707.0M | 644.0M | 407.0M | 273.0M | 130.0M |
| Selling Expenses | 21.4M | 26.2M | 43.3M | 47.2M | 29.5M | 24.7M | 17.1M | 13.0M | 6.9M |
| Admin Expenses | 86.2M | 96.2M | 80.6M | 89.4M | 65.6M | 49.3M | 39.1M | 61.4M | 15.8M |
| Rd Expenses | 32.0M | 37.2M | 41.0M | 41.9M | 32.2M | 30.7M | 19.8M | 11.0M | 9.3M |
| Finance Expenses | 15.7M | 6.8M | 7.5M | 4.9M | 3.4M | 6.9M | 3.5M | 499,200 | 370,900 |
| Operating Income | -86.5M | -94.5M | 6.9M | 72.3M | 130.0M | 131.0M | 85.2M | 83.5M | 16.8M |
| Operating Margin % | -13.9% | -11.7% | 0.8% | 6.9% | 16.3% | 16.9% | 17.3% | 29.5% | 11.5% |
| Non Operating Income | 1.1M | 7.6M | 13.4M | 12.2M | 15.1M | 12.1M | 5.0M | 4.1M | 1.3M |
| Non Operating Expenses | 6.4M | 21.4M | 2.0M | 5.4M | 60,400 | 436,500 | 60,300 | 156,800 | 75,700 |
| Investment Income | -2.1M | -2.2M | -810,100 | 5.7M | 38.7M | 1.8M | 128,500 | 73.9M | -- |
| Fair Value Change Income | 579,200 | 429,600 | 114,200 | 5,400 | 661,500 | -- | -- | -- | -- |
| Asset Disposal Income | -385,000 | -- | -765,500 | -3,400 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 35.6M | 4.1M | 24.8M | 19.2M | 34.8M | -- | 10.1M | 8.0M | 7.9M |
| Other Income | 3.8M | 9.5M | 74,400 | 75,600 | 23,400 | 12,800 | 1,200 | -- | -- |
| Income Before Tax | -91.7M | -108.0M | 18.3M | 79.2M | 145.0M | 143.0M | 90.1M | 87.5M | 18.0M |
| Income Tax | -9.8M | -18.5M | -3.5M | 7.0M | 18.6M | 18.3M | 12.3M | 17.7M | 3.1M |
| Net Income | -82.0M | -89.9M | 21.8M | 72.2M | 126.0M | 125.0M | 77.8M | 69.7M | 14.9M |
| Net Margin % | -13.2% | -11.1% | 2.5% | 6.9% | 15.8% | 16.1% | 15.8% | 24.6% | 10.2% |
| Net Income Attributable | -74.2M | -86.6M | 22.4M | 72.6M | 126.0M | 125.0M | 77.8M | 69.8M | 14.9M |
| Minority Interest | -7.7M | -3.2M | -595,300 | -431,800 | -- | -- | -- | -28,300 | -74,400 |
| Eps Basic | -0.87 | -1.02 | 0.26 | 0.85 | 1.52 | 1.95 | 1.36 | 1.34 | 0.29 |
| Eps Diluted | -0.87 | -1.02 | 0.26 | 0.85 | 1.52 | 1.95 | 1.36 | 1.34 | 0.29 |
| 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 | 122.0M | 144.0M | 295.0M | 377.0M | 384.0M | 239.0M | 253.0M | 103.0M | 76.7M |
| Trading Financial Assets | 20.1M | 60.4M | 86.4M | 15.0M | 174.0M | -- | -- | -- | -- |
| Accounts Receivable | 419.0M | 515.0M | 482.0M | 436.0M | 286.0M | 308.0M | 255.0M | 130.0M | 43.9M |
| Notes Receivable | 95.7M | 79.8M | 114.0M | 179.0M | 55.3M | 29.2M | 23.5M | -- | 3.5M |
| Notes And Accounts Receivable | 514.0M | 595.0M | 596.0M | 614.0M | 342.0M | 337.0M | 278.0M | 130.0M | 47.4M |
| Prepayments | 8.8M | 30.0M | 13.9M | 22.4M | 21.7M | 6.2M | 5.2M | 5.0M | 9.0M |
| Inventory | 48.6M | 50.1M | 12.7M | 33.7M | 50.8M | 197.0M | 152.0M | 70.2M | 32.4M |
| Total Current Assets | 1.1B | 1.4B | 1.7B | 1.7B | 1.6B | 803.0M | 711.0M | 320.0M | 174.0M |
| Long Term Equity Investment | 11.1M | 27.3M | 31.4M | 35.3M | 34.1M | 26.6M | 26.6M | 22.1M | -- |
| Fixed Assets | -- | 217.0M | 208.0M | 153.0M | -- | 89.2M | 57.5M | -- | -- |
| Fixed Assets Total | 160.0M | 217.0M | 208.0M | 153.0M | 90.2M | 89.2M | 57.5M | 10.4M | 1.2M |
| Construction In Progress | -- | 13.2M | 33.8M | 39.0M | 3.5M | 2.9M | 27.5M | -- | -- |
| Construction In Progress Total | 16.9M | 13.2M | 33.8M | 39.0M | 3.5M | 2.9M | 27.5M | 23.4M | 6.7M |
| Intangible Assets | 472.0M | 403.0M | 134.0M | 99.5M | 14.3M | 13.6M | 13.6M | 13.9M | 36.9M |
| Long Term Deferred Expenses | 33.6M | 36.0M | 29.5M | 33.8M | 24.1M | 22.5M | 15.4M | -- | -- |
| Total Non Current Assets | 950.0M | 794.0M | 493.0M | 426.0M | 206.0M | 190.0M | 174.0M | 73.8M | 46.8M |
| Total Assets | 2.1B | 2.2B | 2.2B | 2.1B | 1.8B | 993.0M | 886.0M | 394.0M | 221.0M |
| Short Term Borrowings | 141.0M | 195.0M | 233.0M | 210.0M | 9.7M | 5.0M | 65.2M | -- | -- |
| Accounts Payable | 369.0M | 399.0M | 374.0M | 351.0M | 297.0M | 205.0M | 163.0M | 70.2M | 23.2M |
| Advance Receipts | -- | -- | -- | -- | -- | 59.7M | 117.0M | 30.6M | 45.1M |
| Contract Liabilities | 24.5M | 22.8M | 49.1M | 83.3M | 114.0M | -- | -- | -- | -- |
| Total Current Liabilities | 682.0M | 859.0M | 836.0M | 898.0M | 621.0M | 390.0M | 415.0M | 148.0M | 97.5M |
| Long Term Borrowings | 277.0M | 139.0M | 36.0M | 10.0M | 5.7M | 28.6M | 26.1M | -- | -- |
| Total Non Current Liabilities | 321.0M | 186.0M | 75.0M | 47.9M | 33.8M | 44.5M | 37.1M | 10.5M | 35.9M |
| Total Liabilities | 1.0B | 1.0B | 911.0M | 946.0M | 655.0M | 435.0M | 453.0M | 158.0M | 133.0M |
| Paid In Capital | 85.1M | 85.3M | 85.3M | 85.0M | 85.0M | 63.7M | 63.7M | 57.4M | 52.0M |
| Capital Reserve | 675.0M | 680.0M | 678.0M | 675.0M | 675.0M | 215.0M | 215.0M | 101.0M | 27.4M |
| Surplus Reserve | 42.6M | 42.6M | 42.6M | 42.5M | 38.5M | 26.5M | 14.3M | 6.5M | 920,000 |
| Retained Earnings | 234.0M | 308.0M | 417.0M | 394.0M | 326.0M | 253.0M | 141.0M | 70.5M | 6.4M |
| Minority Equity | 38.9M | 32.4M | 20.7M | 3,200 | -- | -- | -- | -- | 908,300 |
| Equity Attributable | 1.0B | 1.1B | 1.2B | 1.2B | 1.1B | 558.0M | 433.0M | 235.0M | 86.6M |
| Total Equity | 1.1B | 1.1B | 1.2B | 1.2B | 1.1B | 558.0M | 433.0M | 235.0M | 87.5M |
| 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 | 683.0M | 631.0M | 820.0M | 814.0M | 482.0M | 618.0M | 428.0M | 162.0M | 139.0M |
| Tax Refunds Received | 4.2M | 3.8M | 73,900 | 80,000 | 23,400 | 895,600 | 553,200 | -- | -- |
| Total Operating Cash Inflow | 704.0M | 678.0M | 864.0M | 852.0M | 518.0M | 633.0M | 450.0M | 180.0M | 141.0M |
| Cash Paid For Goods | 413.0M | 568.0M | 582.0M | 637.0M | 428.0M | 435.0M | 309.0M | 135.0M | 92.4M |
| Cash Paid To Employees | 124.0M | 118.0M | 126.0M | 124.0M | 94.3M | 69.0M | 47.6M | 29.6M | 18.3M |
| Taxes Paid | 15.9M | 47.4M | 46.9M | 42.6M | 42.7M | 61.6M | 41.2M | 13.2M | 8.4M |
| Total Operating Cash Outflow | 622.0M | 811.0M | 826.0M | 878.0M | 623.0M | 601.0M | 444.0M | 225.0M | 134.0M |
| Operating Cash Flow | 81.9M | -133.0M | 37.5M | -26.6M | -105.0M | 31.9M | 5.5M | -45.7M | 7.7M |
| Total Investing Cash Inflow | 337.0M | 483.0M | 846.0M | 948.0M | 2.7B | 342.0M | 40.6M | 100.0M | -- |
| Total Investing Cash Outflow | 517.0M | 664.0M | 1.0B | 1.0B | 2.8B | 373.0M | 120.0M | 32.6M | 34.8M |
| Investing Cash Flow | -180.0M | -181.0M | -183.0M | -53.4M | -187.0M | -31.0M | -79.9M | 67.6M | -34.8M |
| Cash From Borrowings | 348.0M | 349.0M | 203.0M | 119.0M | -- | 131.0M | 129.0M | 27.0M | -- |
| Dividends And Interest Paid | 15.7M | 31.4M | 8.4M | 5.1M | 41.3M | 6.1M | 3.4M | 695,400 | 403,700 |
| Debt Repayments | 235.0M | 187.0M | 123.0M | 30.0M | 25.0M | 162.0M | 29.5M | 60.0M | -- |
| Total Financing Cash Inflow | 359.0M | 364.0M | 210.0M | 119.0M | 498.0M | 131.0M | 249.0M | 71.3M | 30.0M |
| Total Financing Cash Outflow | 264.0M | 220.0M | 132.0M | 36.5M | 78.4M | 171.0M | 33.5M | 60.7M | 403,700 |
| Financing Cash Flow | 95.0M | 145.0M | 77.6M | 82.9M | 420.0M | -39.5M | 215.0M | 10.6M | 29.6M |
| Net Change In Cash | -3.1M | -169.0M | -67.8M | 2.9M | 128.0M | -38.6M | 141.0M | 32.5M | 2.9M |
| Ending Cash Balance | 92.6M | 95.8M | 265.0M | 333.0M | 330.0M | 203.0M | 241.0M | 100.0M | 67.7M |
| Capex | 204.0M | 187.0M | 117.0M | 221.0M | 32.5M | 33.1M | 75.7M | 32.6M | 34.8M |