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 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 248.0M | 205.0M | 291.0M | 255.0M | 143.0M | 62.9M | 44.2M | 27.8M | 20.2M | 13.8M | 7.5M |
| Revenue Growth % | 21.0% | -29.6% | 14.1% | 78.3% | 127.3% | 42.3% | 58.9% | 38.0% | 46.1% | 82.8% | -- |
| Total Revenue | 248.0M | 205.0M | 291.0M | 255.0M | 143.0M | 62.9M | 44.2M | 27.8M | 20.2M | 13.8M | 7.5M |
| Cost Of Revenue | 342.0M | 218.0M | 162.0M | 124.0M | 59.8M | 38.4M | 22.7M | 15.5M | 6.2M | 4.0M | 2.0M |
| Gross Profit | -94.0M | -13.0M | 129.0M | 131.0M | 83.2M | 24.5M | 21.5M | 12.3M | 14.0M | 9.8M | 5.5M |
| Gross Margin % | -37.9% | -6.3% | 44.3% | 51.4% | 58.2% | 38.9% | 48.7% | 44.3% | 69.5% | 70.8% | 72.8% |
| Total Operating Cost | 584.0M | 375.0M | 259.0M | 209.0M | 134.0M | 111.0M | 80.6M | 49.8M | 31.8M | 15.8M | 11.6M |
| Selling Expenses | 51.7M | 42.3M | 30.3M | 23.5M | 16.7M | 13.8M | 10.0M | 8.8M | 6.1M | 3.2M | 2.8M |
| Admin Expenses | 81.1M | 63.6M | 55.9M | 44.4M | 32.8M | 32.5M | 26.8M | 13.8M | 19.4M | 8.2M | 6.2M |
| Rd Expenses | 47.3M | 50.9M | 34.8M | 23.6M | 22.0M | 23.8M | 20.3M | 11.5M | -- | -- | -- |
| Finance Expenses | 393,600 | -16.2M | -27.5M | -8.2M | 250,100 | 2.4M | 674,600 | 10,700 | -138,000 | 237,800 | 127,700 |
| Operating Income | -310.0M | -155.0M | 41.7M | 60.8M | 89.4M | -42.8M | -33.7M | -19.2M | -11.2M | -1.7M | -4.0M |
| Operating Margin % | -125.0% | -75.6% | 14.3% | 23.8% | 62.5% | -68.1% | -76.3% | -69.1% | -55.5% | -12.6% | -53.6% |
| Non Operating Income | 24,000 | 99,400 | 77,900 | 129,600 | 2,200 | 5,800 | 368,900 | 27,600 | 4.5M | 741,700 | 481,100 |
| Non Operating Expenses | 2.2M | 257,000 | 161,700 | 141,800 | 65,200 | 200.00 | 68,700 | 676,900 | 16,500 | 7,300 | 2,300 |
| Investment Income | 3,577 | -1.2M | 2.3M | 3.6M | 73.3M | 101,600 | 461,400 | 399,700 | 465,800 | 261,800 | 710.14 |
| Fair Value Change Income | 259,100 | 12,700 | -7,900 | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 5.9M | 101,700 | -- | 13,600 | -- | -- | -1.0M | -200.00 | -- | -- | -- |
| Asset Impairment Loss | 55.5M | 13.3M | 184,800 | 675,900 | 58,800 | -- | 193,900 | 282,000 | 328,100 | 49,600 | 448,000 |
| Other Income | 19.2M | 15.8M | 6.9M | 10.9M | 7.5M | 5.5M | 3.3M | 2.4M | -- | -- | -- |
| Income Before Tax | -313.0M | -156.0M | 41.6M | 60.8M | 89.4M | -42.8M | -33.4M | -19.9M | -6.7M | -1.0M | -3.6M |
| Income Tax | 9.6M | -27.8M | 2.4M | 6.5M | -1.9M | -- | -- | -12,300 | -30,900 | -13,000 | -6,324 |
| Net Income | -322.0M | -128.0M | 39.3M | 54.3M | 91.3M | -42.8M | -33.4M | -19.9M | -6.6M | -990,600 | -3.6M |
| Net Margin % | -129.8% | -62.4% | 13.5% | 21.3% | 63.8% | -68.1% | -75.6% | -71.4% | -33.0% | -7.2% | -47.2% |
| Net Income Attributable | -322.0M | -128.0M | 39.3M | 54.3M | 94.4M | -36.5M | -32.3M | -19.7M | -6.6M | -990,600 | -3.6M |
| Minority Interest | -369,300 | 124,600 | -- | -- | -3.2M | -6.3M | -1.1M | -198,800 | -- | -- | -900.00 |
| Eps Basic | -0.50 | -0.20 | 0.07 | 0.14 | 0.32 | -0.16 | -0.14 | -0.23 | -0.08 | -0.06 | -3.56 |
| Eps Diluted | -0.50 | -0.20 | 0.07 | 0.14 | 0.32 | -0.16 | -0.14 | -0.23 | -0.08 | -0.06 | -3.56 |
| 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 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 439.0M | 657.0M | 1.2B | 619.0M | 455.0M | 48.0M | 34.0M | 46.8M | 30.1M | 3.5M | 3.5M |
| Trading Financial Assets | 30.3M | -- | 10.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 78.0M | 69.2M | 77.8M | 28.8M | 23.5M | 9.4M | 7.9M | 3.8M | 4.6M | 1.5M | 723,100 |
| Notes And Accounts Receivable | 78.0M | 69.2M | 77.8M | 28.8M | 23.5M | 9.4M | 7.9M | 3.8M | 4.6M | 1.5M | 723,100 |
| Prepayments | 7.7M | 6.5M | 6.7M | 5.7M | 2.0M | 2.3M | 490,600 | 545,100 | 477,600 | 82,000 | 150,400 |
| Inventory | 73.8M | 80.8M | 65.6M | 44.0M | 22.2M | 12.9M | 4.9M | 3.2M | 2.1M | 583,000 | -- |
| Total Current Assets | 690.0M | 927.0M | 1.5B | 744.0M | 747.0M | 92.0M | 59.3M | 75.4M | 49.4M | 16.7M | 5.4M |
| Long Term Equity Investment | 66.3M | 66.9M | 42.2M | 15.8M | 17.1M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 1.0B | 198.0M | 90.9M | 55.2M | 48.4M | 16.9M | -- | 9.9M | 5.5M | 1.5M |
| Fixed Assets Total | 1.3B | 1.0B | 198.0M | 90.9M | 55.2M | 48.4M | 16.9M | 13.1M | 9.9M | 5.5M | 1.5M |
| Construction In Progress | -- | 346.0M | 573.0M | 192.0M | 14.1M | 1.8M | 78.2M | -- | 734,600 | -- | 455,800 |
| Construction In Progress Total | 71.2M | 346.0M | 573.0M | 192.0M | 14.1M | 1.8M | 78.2M | 3.5M | 734,600 | -- | 455,800 |
| Intangible Assets | 55.0M | 55.5M | 51.3M | 52.2M | 51.5M | 4.1M | 4.7M | 5.3M | 4.9M | 5.4M | -- |
| Long Term Deferred Expenses | 4.9M | 40.2M | 58.4M | 68.3M | 59.0M | 58.5M | 17.4M | 19.6M | 12.9M | 431,600 | 546,700 |
| Total Non Current Assets | 1.6B | 1.7B | 1.0B | 519.0M | 201.0M | 113.0M | 117.0M | 41.5M | 28.6M | 11.4M | 2.5M |
| Total Assets | 2.3B | 2.6B | 2.5B | 1.3B | 948.0M | 205.0M | 176.0M | 117.0M | 78.0M | 28.1M | 8.0M |
| Short Term Borrowings | 70.1M | -- | -- | -- | -- | 15.0M | 18.7M | 10.5M | -- | -- | -- |
| Accounts Payable | 182.0M | 229.0M | 119.0M | 49.7M | 14.6M | 15.5M | 37.6M | 8.5M | 10.3M | 2.9M | 965,900 |
| Advance Receipts | -- | -- | -- | -- | -- | 12.6M | 10.4M | 6.1M | 5.5M | 3.8M | 2.5M |
| Contract Liabilities | 30.1M | 35.0M | 19.6M | 38.5M | 34.2M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 330.0M | 314.0M | 187.0M | 137.0M | 71.9M | 67.9M | 79.0M | 27.9M | 17.9M | 7.8M | 11.8M |
| Long Term Borrowings | 127.0M | 144.0M | 44.4M | 101.0M | -- | -- | -- | -- | -- | 444,800 | -- |
| Total Non Current Liabilities | 215.0M | 231.0M | 138.0M | 209.0M | 26.9M | 43.0M | 16.3M | 2.4M | -- | 1.1M | 96,600 |
| Total Liabilities | 545.0M | 545.0M | 325.0M | 346.0M | 98.8M | 111.0M | 95.3M | 30.3M | 17.9M | 8.9M | 11.9M |
| Paid In Capital | 649.0M | 647.0M | 493.0M | 393.0M | 393.0M | 93.8M | 88.7M | 88.7M | 19.7M | 18.0M | 1.0M |
| Capital Reserve | 1.4B | 1.4B | 1.6B | 471.0M | 457.0M | 86.2M | 44.8M | 23.4M | 46.2M | 355,300 | -- |
| Surplus Reserve | 9.3M | 9.3M | 9.3M | 5.3M | -- | -- | -- | -- | -- | -- | -- |
| Retained Earnings | -366.0M | -44.2M | 83.7M | 48.2M | -748,800 | -95.2M | -58.7M | -25.5M | -5.8M | 810,600 | -4.9M |
| Minority Equity | -244,700 | 124,600 | -- | -- | -- | 9.0M | 6.4M | -- | -- | -- | -200.00 |
| Equity Attributable | 1.7B | 2.1B | 2.2B | 918.0M | 849.0M | 84.9M | 74.8M | 86.6M | 60.1M | 19.2M | -3.9M |
| Total Equity | 1.7B | 2.1B | 2.2B | 918.0M | 849.0M | 93.9M | 81.2M | 86.6M | 60.1M | 19.2M | -3.9M |
| 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 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 242.0M | 249.0M | 227.0M | 251.0M | 160.0M | 67.6M | 46.9M | 31.1M | 20.9M | 15.0M | 9.6M |
| Tax Refunds Received | 86.5M | -- | 23.4M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 371.0M | 294.0M | 301.0M | 321.0M | 201.0M | 78.8M | 69.9M | 36.4M | 25.0M | 16.8M | 10.9M |
| Cash Paid For Goods | 146.0M | 166.0M | 109.0M | 96.6M | 45.6M | 28.7M | 14.9M | 10.0M | 4.3M | 2.8M | 2.0M |
| Cash Paid To Employees | 208.0M | 170.0M | 131.0M | 88.6M | 51.4M | 41.7M | 31.7M | 22.5M | 13.9M | 7.3M | 4.4M |
| Taxes Paid | 6.8M | 5.3M | 10.7M | 4.5M | 30,300 | 34,500 | 12,500 | 7,047 | 1,295 | 405,500 | 153,000 |
| Total Operating Cash Outflow | 432.0M | 384.0M | 279.0M | 212.0M | 139.0M | 102.0M | 70.5M | 50.0M | 27.3M | 15.2M | 10.6M |
| Operating Cash Flow | -61.1M | -90.1M | 21.4M | 109.0M | 62.3M | -23.2M | -632,600 | -13.7M | -2.2M | 1.6M | 292,400 |
| Total Investing Cash Inflow | 179.0M | 293.0M | 700.0M | 765.0M | 918.0M | 10.1M | 22.7M | 101.0M | 59.9M | 42.9M | 279,300 |
| Total Investing Cash Outflow | 388.0M | 895.0M | 1.2B | 841.0M | 1.2B | 45.8M | 65.4M | 112.0M | 87.9M | 61.2M | 3.2M |
| Investing Cash Flow | -209.0M | -602.0M | -470.0M | -76.1M | -278.0M | -35.7M | -42.7M | -11.0M | -28.0M | -18.3M | -2.9M |
| Cash From Borrowings | 90.0M | 111.0M | 49.3M | 101.0M | 20.0M | 19.5M | 20.0M | 10.5M | -- | 613,200 | -- |
| Dividends And Interest Paid | 6.4M | 5.0M | 5.1M | -- | 2.5M | 2.5M | 771,200 | 276,800 | 13,200 | 238,100 | 126,400 |
| Debt Repayments | 31.2M | 4.9M | 101.0M | -- | 35.0M | 23.2M | 11.8M | -- | 444,800 | 168,400 | -- |
| Total Financing Cash Inflow | 93.7M | 155.0M | 1.2B | 101.0M | 691.0M | 147.0M | 67.9M | 56.6M | 42.2M | 24.7M | 7.7M |
| Total Financing Cash Outflow | 41.5M | 20.6M | 156.0M | 13.4M | 75.1M | 73.2M | 40.7M | 276,800 | 458,000 | 8.0M | 2.0M |
| Financing Cash Flow | 52.2M | 134.0M | 1.1B | 87.9M | 616.0M | 73.4M | 27.2M | 56.3M | 41.8M | 16.7M | 5.6M |
| Net Change In Cash | -218.0M | -558.0M | 645.0M | 121.0M | 400.0M | 14.5M | -16.1M | 31.6M | 11.6M | 45,900 | 3.0M |
| Ending Cash Balance | 435.0M | 653.0M | 1.2B | 566.0M | 445.0M | 45.1M | 30.7M | 46.8M | 15.1M | 3.5M | 3.5M |
| Capex | 167.0M | 547.0M | 484.0M | 262.0M | 95.9M | 35.8M | 57.4M | 21.6M | 13.4M | 9.2M | 1.7M |