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 |
|---|---|---|---|---|---|---|---|
| Revenue | 419.0M | 329.0M | 279.0M | 194.0M | 137.0M | 65.5M | 51.9M |
| Revenue Growth % | 27.4% | 17.9% | 43.8% | 41.6% | 109.2% | 26.1% | -- |
| Total Revenue | 419.0M | 329.0M | 279.0M | 194.0M | 137.0M | 65.5M | 51.9M |
| Cost Of Revenue | 58.0M | 57.5M | 38.0M | 15.6M | 14.4M | 3.1M | 1.9M |
| Gross Profit | 361.0M | 271.5M | 241.0M | 178.4M | 122.6M | 62.4M | 50.0M |
| Gross Margin % | 86.2% | 82.5% | 86.4% | 92.0% | 89.5% | 95.3% | 96.3% |
| Total Operating Cost | 511.0M | 403.0M | 250.0M | 173.0M | 127.0M | 944.0M | 60.5M |
| Selling Expenses | 95.3M | 85.1M | 62.3M | 46.3M | 27.2M | 59.1M | 13.9M |
| Admin Expenses | 63.0M | 61.6M | 51.6M | 43.4M | 27.4M | 647.0M | 16.6M |
| Rd Expenses | 272.0M | 234.0M | 140.0M | 79.5M | 53.5M | 237.0M | 26.6M |
| Finance Expenses | -16.5M | -36.9M | -46.5M | -13.4M | 3.8M | -969,300 | -1.2M |
| Operating Income | -99.9M | -58.2M | 45.9M | 29.3M | 26.3M | -877.0M | -8.3M |
| Operating Margin % | -23.8% | -17.7% | 16.4% | 15.1% | 19.2% | -1339.2% | -16.0% |
| Non Operating Income | 326,100 | 2.5M | 11,700 | 23,100 | 3,800 | 100,000 | 9.00 |
| Non Operating Expenses | 183,300 | 27,100 | 45,500 | 38,800 | 119,600 | 1,300 | 400.00 |
| Investment Income | 3.7M | 2.7M | -127,500 | 1.3M | 7.3M | -- | -- |
| Fair Value Change Income | -20.0M | -2.0M | 1.3M | 2.3M | 531,000 | -- | -- |
| Asset Disposal Income | 116,100 | 77,000 | 6,400 | 700.00 | 11,800 | 300.00 | 2,800 |
| Asset Impairment Loss | 32.0M | -- | -- | -- | -- | -- | 2.4M |
| Other Income | 7.8M | 15.4M | 16.6M | 5.0M | 7.5M | 1.5M | 266,700 |
| Income Before Tax | -99.7M | -55.8M | 45.8M | 29.2M | 26.2M | -877.0M | -8.3M |
| Income Tax | -3.9M | 3.0M | 2.4M | 1.4M | -1.7M | 516,400 | -407,600 |
| Net Income | -95.8M | -58.8M | 43.5M | 27.8M | 27.9M | -877.0M | -7.9M |
| Net Margin % | -22.9% | -17.9% | 15.6% | 14.4% | 20.4% | -1339.2% | -15.2% |
| Net Income Attributable | -96.0M | -56.3M | 44.9M | 28.6M | 29.0M | -877.0M | -7.9M |
| Minority Interest | 146,500 | -2.4M | -1.4M | -763,900 | -1.1M | -- | -- |
| Eps Basic | -0.22 | -0.13 | 0.10 | 0.07 | 0.17 | -20.64 | -0.19 |
| Eps Diluted | -0.22 | -0.13 | 0.10 | 0.07 | 0.17 | -20.64 | -0.19 |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 1.2B | 1.4B | 1.7B | 1.9B | 196.0M | 77.2M | 4.7M |
| Trading Financial Assets | 46.4M | 73.4M | -- | -- | 701.0M | -- | -- |
| Accounts Receivable | 260.0M | 99.2M | 161.0M | 76.0M | 48.5M | 31.3M | 19.6M |
| Notes Receivable | -- | -- | 136,700 | -- | -- | -- | -- |
| Notes And Accounts Receivable | 260.0M | 99.2M | 161.0M | 76.0M | 48.5M | 31.3M | 19.6M |
| Prepayments | 4.3M | 3.3M | 9.8M | 491,000 | 781,100 | 661,500 | 162,600 |
| Inventory | 46.9M | 72.7M | 47.1M | 16.6M | 10.8M | 9.2M | 504,100 |
| Total Current Assets | 1.6B | 1.7B | 1.9B | 2.0B | 964.0M | 120.0M | 37.6M |
| Long Term Equity Investment | 92.6M | 110.0M | 71.4M | 14.4M | -- | -- | -- |
| Fixed Assets | -- | 104.0M | 57.1M | 59.4M | 44.0M | 4.6M | 262,600 |
| Fixed Assets Total | 114.0M | 104.0M | 57.1M | 59.4M | 44.0M | 4.6M | 262,600 |
| Construction In Progress | -- | 79.3M | 32.7M | 6.3M | -- | -- | -- |
| Construction In Progress Total | 143.0M | 79.3M | 32.7M | 6.3M | -- | -- | -- |
| Intangible Assets | 199.0M | 204.0M | 179.0M | 101.0M | 3.0M | 281,200 | 182,000 |
| Long Term Deferred Expenses | 3.5M | 4.6M | 6.6M | 4.8M | 4.9M | -- | -- |
| Total Non Current Assets | 848.0M | 814.0M | 582.0M | 345.0M | 120.0M | 71.2M | 7.2M |
| Total Assets | 2.5B | 2.5B | 2.5B | 2.3B | 1.1B | 191.0M | 44.7M |
| Accounts Payable | 23.2M | 31.3M | 8.1M | 21.7M | 11.9M | 9.9M | 25,000 |
| Advance Receipts | -- | -- | -- | -- | -- | 11.6M | 2.2M |
| Contract Liabilities | 186.0M | 152.0M | 122.0M | 87.5M | 65.6M | -- | -- |
| Total Current Liabilities | 316.0M | 265.0M | 197.0M | 143.0M | 83.8M | 105.0M | 5.1M |
| Long Term Borrowings | 15.6M | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 177.0M | 142.0M | 133.0M | 86.7M | 29.3M | -- | -- |
| Total Liabilities | 493.0M | 407.0M | 331.0M | 230.0M | 113.0M | 105.0M | 5.1M |
| Paid In Capital | 434.0M | 434.0M | 434.0M | 434.0M | 390.0M | 46.5M | 42.5M |
| Capital Reserve | 1.7B | 1.7B | 1.7B | 1.7B | 592.0M | 1.0B | 114.0M |
| Surplus Reserve | 11.4M | 10.5M | 10.5M | 5.8M | 3.3M | -- | -- |
| Retained Earnings | -142.0M | -45.1M | 41.6M | 10.1M | -15.9M | -995.0M | -117.0M |
| Minority Equity | 20.7M | 17.5M | 20.0M | 1.1M | 1.9M | 3.0M | -- |
| Equity Attributable | 2.0B | 2.1B | 2.1B | 2.1B | 969.0M | 82.6M | 39.6M |
| Total Equity | 2.0B | 2.1B | 2.2B | 2.1B | 971.0M | 85.6M | 39.6M |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash From Sales | 335.0M | 404.0M | 316.0M | 227.0M | 174.0M | 44.8M | 9.6M |
| Tax Refunds Received | 1.5M | 3.4M | 3.7M | 5.2M | 3.0M | 1.4M | 175,000 |
| Total Operating Cash Inflow | 388.0M | 478.0M | 380.0M | 252.0M | 205.0M | 61.2M | 14.0M |
| Cash Paid For Goods | 57.8M | 111.0M | 83.1M | 45.4M | 32.4M | 5.2M | 2.2M |
| Cash Paid To Employees | 331.0M | 262.0M | 186.0M | 117.0M | 74.0M | 20.9M | 11.3M |
| Taxes Paid | 19.0M | 29.5M | 20.3M | 14.2M | 6.9M | 3.1M | 1.4M |
| Total Operating Cash Outflow | 434.0M | 427.0M | 309.0M | 196.0M | 124.0M | 33.3M | 16.8M |
| Operating Cash Flow | -46.5M | 51.0M | 70.3M | 56.5M | 81.5M | 27.9M | -2.8M |
| Total Investing Cash Inflow | 4.9B | 5.3M | 8,240 | 1.2B | 1.8B | 1.6M | 202,800 |
| Total Investing Cash Outflow | 5.0B | 269.0M | 257.0M | 690.0M | 2.6B | 38.9M | 675,000 |
| Investing Cash Flow | -109.0M | -264.0M | -257.0M | 512.0M | -763.0M | -37.3M | -472,200 |
| Cash From Borrowings | 15.6M | -- | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 147,700 | 29.2M | 8.4M | -- | 312,400 | -- | -- |
| Total Financing Cash Inflow | 15.6M | -- | -- | 1.1B | 855.0M | 82.1M | -- |
| Total Financing Cash Outflow | 74.9M | 39.8M | 33.5M | 25.9M | 52.4M | 100,000 | -- |
| Financing Cash Flow | -59.3M | -39.8M | -33.5M | 1.1B | 802.0M | 82.0M | -- |
| Net Change In Cash | -200.0M | -252.0M | -218.0M | 1.7B | 119.0M | 72.6M | -3.2M |
| Ending Cash Balance | 1.2B | 1.4B | 1.7B | 1.9B | 196.0M | 77.2M | 4.7M |
| Capex | 106.0M | 50.2M | 151.0M | 141.0M | 48.8M | 912,700 | 475,000 |