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 | 667.0M | 554.0M | 540.0M | 809.0M | 548.0M |
| Revenue Growth % | 20.4% | 2.6% | -33.3% | 47.6% | -- |
| Total Revenue | 667.0M | 554.0M | 540.0M | 809.0M | 548.0M |
| Cost Of Revenue | 679.0M | 626.0M | 522.0M | 550.0M | 386.0M |
| Gross Profit | -12.0M | -72.0M | 18.0M | 259.0M | 162.0M |
| Gross Margin % | -1.8% | -13.0% | 3.3% | 32.0% | 29.6% |
| Total Operating Cost | 815.0M | 747.0M | 637.0M | 669.0M | 464.0M |
| Selling Expenses | 18.0M | 13.6M | 12.2M | 13.5M | 7.8M |
| Admin Expenses | 39.7M | 38.3M | 35.0M | 40.8M | 23.7M |
| Rd Expenses | 50.6M | 47.0M | 51.0M | 55.6M | 35.0M |
| Finance Expenses | 15.8M | 15.3M | 2.1M | 1.8M | 4.5M |
| Operating Income | -104.0M | -158.0M | -79.2M | 150.0M | 91.1M |
| Operating Margin % | -15.6% | -28.5% | -14.7% | 18.5% | 16.6% |
| Non Operating Income | 45,200 | 286,800 | 589,200 | 10,000 | 21,000 |
| Non Operating Expenses | 1.1M | 2.4M | 412,000 | 373,900 | 100,200 |
| Investment Income | -442,300 | -236,600 | 2.1M | 1.7M | -- |
| Fair Value Change Income | -- | -- | -- | 492,600 | -- |
| Asset Disposal Income | 322,500 | 146,100 | 2.6M | 42,800 | -59,300 |
| Asset Impairment Loss | 8.8M | 2.7M | 12.4M | 2.5M | 1.7M |
| Other Income | 44.5M | 34.6M | 13.2M | 7.9M | 7.0M |
| Income Before Tax | -105.0M | -160.0M | -79.1M | 150.0M | 91.1M |
| Income Tax | 340,300 | -29.2M | -20.5M | 15.5M | 10.7M |
| Net Income | -106.0M | -131.0M | -58.6M | 135.0M | 80.4M |
| Net Margin % | -15.9% | -23.6% | -10.8% | 16.7% | 14.7% |
| Net Income Attributable | -102.0M | -131.0M | -58.6M | 135.0M | 80.4M |
| Minority Interest | -3.7M | -32,900 | -3,100 | -- | -- |
| Eps Basic | -0.96 | -1.24 | -0.55 | 1.45 | 1.01 |
| Eps Diluted | -0.96 | -1.24 | -0.55 | 1.45 | 1.01 |
| 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 | 52.9M | 43.2M | 153.0M | 177.0M | 76.9M |
| Trading Financial Assets | -- | -- | -- | 185.0M | -- |
| Accounts Receivable | 121.0M | 110.0M | 101.0M | 109.0M | 104.0M |
| Notes Receivable | 77.4M | 70.6M | 46.9M | 70.6M | 99.4M |
| Notes And Accounts Receivable | 198.0M | 180.0M | 148.0M | 180.0M | 203.0M |
| Prepayments | 1.3M | 1.4M | 2.7M | 591,200 | 4.6M |
| Inventory | 119.0M | 103.0M | 113.0M | 104.0M | 77.5M |
| Total Current Assets | 409.0M | 348.0M | 442.0M | 706.0M | 388.0M |
| Long Term Equity Investment | 2.0M | 1.9M | 1.9M | -- | -- |
| Fixed Assets | -- | 1.1B | 1.1B | 921.0M | 490.0M |
| Fixed Assets Total | 1.4B | 1.1B | 1.1B | 921.0M | 490.0M |
| Construction In Progress | -- | 237.0M | 152.0M | 126.0M | 61.3M |
| Construction In Progress Total | 47.2M | 237.0M | 152.0M | 126.0M | 61.3M |
| Intangible Assets | 39.6M | 39.6M | 36.3M | 34.2M | 29.8M |
| Long Term Deferred Expenses | 17.5M | 20.5M | 18.8M | 8.8M | 6.1M |
| Total Non Current Assets | 1.6B | 1.5B | 1.3B | 1.1B | 654.0M |
| Total Assets | 2.0B | 1.9B | 1.8B | 1.8B | 1.0B |
| Short Term Borrowings | 190.0M | 246.0M | 251.0M | 33.0M | 67.0M |
| Accounts Payable | 347.0M | 319.0M | 194.0M | 361.0M | 171.0M |
| Advance Receipts | -- | 585,000 | -- | -- | -- |
| Contract Liabilities | 6.3M | 5.8M | 3.4M | 2.6M | 2.4M |
| Total Current Liabilities | 924.0M | 803.0M | 712.0M | 772.0M | 428.0M |
| Long Term Borrowings | 256.0M | 200.0M | 108.0M | 15.0M | 17.2M |
| Total Non Current Liabilities | 393.0M | 317.0M | 186.0M | 72.1M | 68.8M |
| Total Liabilities | 1.3B | 1.1B | 898.0M | 844.0M | 497.0M |
| Paid In Capital | 107.0M | 107.0M | 106.0M | 106.0M | 79.7M |
| Capital Reserve | 536.0M | 527.0M | 522.0M | 522.0M | 211.0M |
| Surplus Reserve | 19.5M | 19.5M | 19.5M | 19.2M | 18.0M |
| Retained Earnings | 19.2M | 121.0M | 252.0M | 354.0M | 237.0M |
| Minority Equity | 29.0M | 264,000 | 296,900 | -- | -- |
| Equity Attributable | 654.0M | 745.0M | 889.0M | 1.0B | 546.0M |
| Total Equity | 683.0M | 746.0M | 890.0M | 1.0B | 546.0M |
| 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 | 428.0M | 513.0M | 471.0M | 691.0M | 402.0M |
| Tax Refunds Received | 8.9M | 25.6M | 37.0M | 265,300 | 440,200 |
| Total Operating Cash Inflow | 449.0M | 609.0M | 583.0M | 725.0M | 422.0M |
| Cash Paid For Goods | 209.0M | 321.0M | 402.0M | 196.0M | 194.0M |
| Cash Paid To Employees | 228.0M | 207.0M | 204.0M | 185.0M | 109.0M |
| Taxes Paid | 5.5M | 7.4M | 15.3M | 31.3M | 26.2M |
| Total Operating Cash Outflow | 479.0M | 572.0M | 657.0M | 504.0M | 364.0M |
| Operating Cash Flow | -29.5M | 37.2M | -74.0M | 221.0M | 57.5M |
| Total Investing Cash Inflow | 153,900 | 30.8M | 476.0M | 437.0M | 1.1M |
| Total Investing Cash Outflow | 164.0M | 245.0M | 645.0M | 871.0M | 64.9M |
| Investing Cash Flow | -164.0M | -215.0M | -169.0M | -434.0M | -63.8M |
| Cash From Borrowings | 305.0M | 349.0M | 351.0M | 43.0M | 85.0M |
| Dividends And Interest Paid | 14.9M | 17.4M | 46.1M | 20.1M | 9.0M |
| Debt Repayments | 217.0M | 258.0M | 35.2M | 77.8M | 83.4M |
| Total Financing Cash Inflow | 465.0M | 374.0M | 351.0M | 401.0M | 85.0M |
| Total Financing Cash Outflow | 259.0M | 294.0M | 93.1M | 118.0M | 95.9M |
| Financing Cash Flow | 206.0M | 79.5M | 258.0M | 283.0M | -10.9M |
| Net Change In Cash | 12.8M | -97.8M | 15.6M | 70.6M | -17.1M |
| Ending Cash Balance | 23.4M | 10.6M | 108.0M | 92.7M | 22.1M |
| Capex | 164.0M | 215.0M | 359.0M | 252.0M | 64.9M |