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 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 506.0M | 373.0M | 293.0M | 352.0M | 330.0M | 284.0M | 253.0M | 113.0M | 72.1M | 14.1M | 6.9M |
| Revenue Growth % | 35.7% | 27.3% | -16.8% | 6.7% | 16.2% | 12.3% | 123.9% | 56.6% | 410.0% | 106.4% | -- |
| Total Revenue | 506.0M | 373.0M | 293.0M | 352.0M | 330.0M | 284.0M | 253.0M | 113.0M | 72.1M | 14.1M | 6.9M |
| Cost Of Revenue | 380.0M | 310.0M | 217.0M | 229.0M | 213.0M | 174.0M | 141.0M | 68.4M | 48.2M | 13.0M | 3.6M |
| Gross Profit | 126.0M | 63.0M | 76.0M | 123.0M | 117.0M | 110.0M | 112.0M | 44.6M | 23.9M | 1.2M | 3.3M |
| Gross Margin % | 24.9% | 16.9% | 25.9% | 34.9% | 35.5% | 38.7% | 44.3% | 39.4% | 33.2% | 8.3% | 47.9% |
| Total Operating Cost | 544.0M | 483.0M | 357.0M | 369.0M | 295.0M | 237.0M | 196.0M | 102.0M | 68.6M | 26.1M | 18.6M |
| Selling Expenses | 18.1M | 16.7M | 14.1M | 11.8M | 8.2M | 7.4M | 6.8M | 5.0M | 4.2M | 2.1M | 541,100 |
| Admin Expenses | 50.0M | 54.4M | 40.3M | 56.2M | 30.8M | 17.9M | 18.5M | 9.9M | 6.3M | 11.0M | 11.5M |
| Rd Expenses | 81.0M | 77.9M | 69.7M | 75.6M | 42.0M | 35.7M | 27.4M | 16.0M | 10.0M | -- | -- |
| Finance Expenses | -7.0M | -3.1M | -4.9M | -6.5M | -3.0M | -1.8M | -331,800 | 1.2M | -534,700 | 62,900 | 72,800 |
| Operating Income | -29.7M | -94.3M | -52.5M | 4.1M | 42.8M | 55.4M | 58.7M | 14.3M | 3.8M | -11.7M | -11.7M |
| Operating Margin % | -5.9% | -25.3% | -17.9% | 1.2% | 13.0% | 19.5% | 23.2% | 12.7% | 5.3% | -82.6% | -170.5% |
| Non Operating Income | 262,700 | 310,500 | 316,400 | 2.1M | 210,800 | 2.0M | 18,200 | 0.00 | 1.8M | 4.1M | 1.3M |
| Non Operating Expenses | 6.2M | 5.8M | 730,000 | 554,800 | 520,900 | 165,500 | 967,900 | 396,000 | 4,200 | 639,800 | 767,400 |
| Investment Income | 2.7M | 3.3M | 6.4M | 7.6M | 2.3M | 698,300 | 579,900 | 288,300 | 235,600 | 296,500 | 67,800 |
| Fair Value Change Income | 2.1M | 244,900 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 60,400 | 344,800 | -47,000 | -25,700 | 66,100 | 48,000 | -55,800 | -- | -- | -- | -- |
| Asset Impairment Loss | 17.0M | 23.0M | 19.1M | 2.3M | 3.1M | 1.1M | 829,100 | 871,800 | 136,200 | -13,100 | 2.9M |
| Other Income | 4.0M | 11.8M | 5.4M | 14.0M | 5.2M | 7.6M | 1.5M | 3.0M | -- | -- | -- |
| Income Before Tax | -35.7M | -99.9M | -52.9M | 5.6M | 42.5M | 57.3M | 57.8M | 13.9M | 5.6M | -8.3M | -11.2M |
| Income Tax | -104,500 | 2.9M | 2.2M | -7.8M | -178,300 | -3.2M | 3.7M | 765,600 | -80,800 | -- | -- |
| Net Income | -35.6M | -103.0M | -55.1M | 13.4M | 42.6M | 60.5M | 54.1M | 13.1M | 5.7M | -8.3M | -11.2M |
| Net Margin % | -7.0% | -27.6% | -18.8% | 3.8% | 12.9% | 21.3% | 21.4% | 11.6% | 7.9% | -58.3% | -162.8% |
| Net Income Attributable | -35.2M | -102.0M | -55.0M | 12.4M | 41.6M | 59.5M | 53.3M | 13.1M | 5.6M | -8.3M | -11.2M |
| Minority Interest | -315,200 | -953,900 | -89,100 | 985,600 | 1.0M | 1.0M | 866,200 | 66,600 | 49,300 | -- | -- |
| Eps Basic | -0.63 | -1.90 | -1.04 | 0.23 | 0.94 | 1.53 | 1.48 | 0.37 | 0.16 | -0.28 | -0.41 |
| Eps Diluted | -0.63 | -1.90 | -1.04 | 0.23 | 0.94 | 1.53 | 1.48 | 0.37 | 0.16 | -- | -- |
| 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 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 145.0M | 246.0M | 251.0M | 422.0M | 698.0M | 164.0M | 71.3M | 29.4M | 11.3M | 6.2M | 7.4M |
| Trading Financial Assets | 120.0M | 170.0M | 189.0M | 176.0M | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 61.3M | 39.9M | 26.2M | 21.5M | 17.6M | 15.1M | 6.8M | 3.4M | 3.2M | 2.8M | 1.5M |
| Notes Receivable | 530,800 | 100,000 | 1.2M | 2.0M | 6.8M | 2.7M | 3.3M | 73,500 | -- | -- | -- |
| Notes And Accounts Receivable | 61.8M | 40.0M | 27.4M | 23.5M | 24.3M | 17.8M | 10.1M | 3.5M | 3.2M | 2.8M | 1.5M |
| Prepayments | 14.2M | 15.5M | 9.1M | 13.1M | 5.6M | 6.8M | 4.6M | 2.7M | 4.4M | 1.8M | 1.7M |
| Inventory | 241.0M | 174.0M | 189.0M | 170.0M | 118.0M | 72.6M | 53.8M | 31.5M | 24.9M | 5.3M | 6.5M |
| Total Current Assets | 646.0M | 661.0M | 701.0M | 880.0M | 970.0M | 279.0M | 146.0M | 72.5M | 44.2M | 21.5M | 27.9M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | -- | -- | 1.5M | 1.5M | -- | -- |
| Fixed Assets | -- | 363.0M | 337.0M | 90.2M | 72.3M | 25.9M | 19.3M | 8.3M | -- | 3.5M | 1.9M |
| Fixed Assets Total | 367.0M | 363.0M | 337.0M | 90.2M | 72.3M | 25.9M | 19.3M | 8.3M | 6.9M | 3.5M | 1.9M |
| Construction In Progress | -- | 19.6M | 39.3M | 108.0M | 26.3M | 16.7M | -- | -- | -- | -- | -- |
| Construction In Progress Total | 27.9M | 19.6M | 39.3M | 108.0M | 26.3M | 16.7M | -- | -- | -- | -- | -- |
| Intangible Assets | 7.7M | 10.7M | 12.5M | 12.8M | 12.8M | 780,700 | 285,900 | -- | -- | -- | -- |
| Long Term Deferred Expenses | 18.9M | 22.4M | 5.9M | 9.3M | 10.3M | 9.5M | 260,300 | 153,800 | 361,200 | 1.6M | 1.9M |
| Total Non Current Assets | 565.0M | 565.0M | 466.0M | 282.0M | 154.0M | 60.2M | 22.1M | 16.7M | 14.6M | 5.1M | 3.8M |
| Total Assets | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 339.0M | 168.0M | 89.2M | 58.9M | 26.5M | 31.7M |
| Short Term Borrowings | 3.0M | 9.9M | -- | -- | -- | -- | 3.0M | 9.5M | -- | -- | -- |
| Accounts Payable | 74.9M | 71.7M | 90.8M | 27.9M | 40.6M | 36.1M | 15.3M | 10.0M | 11.2M | 3.9M | 1.1M |
| Advance Receipts | -- | -- | -- | -- | -- | 2.0M | 1.7M | 2.7M | 564,400 | 126,000 | 2,000 |
| Contract Liabilities | 26.5M | 15.3M | 1.9M | 1.9M | 1.0M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 146.0M | 114.0M | 119.0M | 49.4M | 51.0M | 50.8M | 29.9M | 24.5M | 12.6M | 4.2M | 1.1M |
| Long Term Borrowings | 19.2M | 19.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 36.7M | 41.5M | 18.9M | 8.8M | 5.8M | 1.1M | 942,500 | 650,000 | -- | -- | -- |
| Total Liabilities | 182.0M | 155.0M | 138.0M | 58.2M | 56.8M | 51.9M | 30.8M | 25.1M | 12.6M | 4.2M | 1.1M |
| Paid In Capital | 56.0M | 55.9M | 53.6M | 53.4M | 53.2M | 39.9M | 37.7M | 35.0M | 35.0M | 29.4M | 29.4M |
| Capital Reserve | 1.0B | 1.0B | 897.0M | 892.0M | 852.0M | 130.0M | 37.5M | 8.3M | 3.7M | 26.2M | 26.2M |
| Surplus Reserve | 17.2M | 17.2M | 17.2M | 17.2M | 17.1M | 13.4M | 7.2M | 2.1M | 827,200 | -- | -- |
| Retained Earnings | -56.5M | -21.3M | 80.6M | 139.0M | 140.0M | 102.0M | 53.7M | 18.7M | 6.9M | -33.3M | -25.0M |
| Minority Equity | 1.3M | 1.6M | 1.6M | 1.7M | 4.8M | 2.4M | 806,000 | -60,200 | -126,900 | -- | -- |
| Equity Attributable | 1.0B | 1.1B | 1.0B | 1.1B | 1.1B | 285.0M | 136.0M | 64.2M | 46.4M | 22.3M | 30.6M |
| Total Equity | 1.0B | 1.1B | 1.0B | 1.1B | 1.1B | 288.0M | 137.0M | 64.1M | 46.3M | 22.3M | 30.6M |
| 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 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 546.0M | 399.0M | 325.0M | 382.0M | 335.0M | 311.0M | 280.0M | 130.0M | 79.1M | 14.4M | 6.3M |
| Tax Refunds Received | 2.5M | 3.8M | 17.4M | 14.5M | 14.7M | 1.5M | 965,300 | 756,800 | 2.3M | 745,100 | 671,700 |
| Total Operating Cash Inflow | 569.0M | 419.0M | 358.0M | 425.0M | 365.0M | 324.0M | 284.0M | 134.0M | 83.2M | 20.3M | 8.1M |
| Cash Paid For Goods | 411.0M | 249.0M | 227.0M | 279.0M | 246.0M | 196.0M | 181.0M | 85.7M | 70.5M | 11.1M | 13.5M |
| Cash Paid To Employees | 136.0M | 130.0M | 121.0M | 107.0M | 70.2M | 47.9M | 27.4M | 16.6M | 12.9M | 5.9M | 4.2M |
| Taxes Paid | 18.7M | 9.1M | 5.9M | 5.6M | 8.0M | 19.0M | 11.9M | 4.1M | 346,400 | 44,900 | 2,159 |
| Total Operating Cash Outflow | 609.0M | 429.0M | 380.0M | 411.0M | 346.0M | 281.0M | 236.0M | 114.0M | 89.5M | 23.3M | 24.8M |
| Operating Cash Flow | -40.0M | -9.6M | -21.7M | 14.9M | 18.4M | 42.6M | 47.3M | 20.0M | -6.4M | -3.0M | -16.7M |
| Total Investing Cash Inflow | 405.0M | 582.0M | 944.0M | 857.0M | 360.0M | 108.0M | 66.2M | 45.3M | 29.2M | 30.8M | 10.1M |
| Total Investing Cash Outflow | 446.0M | 744.0M | 1.1B | 1.1B | 571.0M | 143.0M | 76.0M | 55.5M | 34.3M | 29.0M | 21.1M |
| Investing Cash Flow | -41.0M | -162.0M | -135.0M | -273.0M | -211.0M | -34.4M | -9.8M | -10.2M | -5.1M | 1.8M | -11.0M |
| Cash From Borrowings | 23.0M | 29.9M | -- | -- | -- | -- | 3.0M | 12.5M | -- | -- | 2.0M |
| Dividends And Interest Paid | 1.1M | 224,900 | 4.0M | 12.8M | -- | 5.1M | 13.5M | 126,300 | -- | -- | 24,000 |
| Debt Repayments | 10.5M | -- | -- | -- | -- | 3.0M | 9.5M | 3.0M | -- | -- | 2.0M |
| Total Financing Cash Inflow | 27.3M | 159.0M | 12.4M | 5.5M | 761.0M | 94.0M | 25.8M | 32.5M | -- | -- | 31.8M |
| Total Financing Cash Outflow | 31.6M | 8.2M | 28.5M | 22.1M | 30.3M | 10.8M | 23.0M | 23.8M | -- | -- | 2.0M |
| Financing Cash Flow | -4.3M | 151.0M | -16.1M | -16.6M | 730.0M | 83.2M | 2.8M | 8.7M | -- | -- | 29.8M |
| Net Change In Cash | -85.0M | -20.4M | -172.0M | -276.0M | 536.0M | 91.8M | 40.6M | 18.1M | -10.0M | -1.2M | 2.1M |
| Ending Cash Balance | 145.0M | 230.0M | 250.0M | 422.0M | 697.0M | 162.0M | 70.0M | 29.4M | 11.3M | 6.2M | 7.4M |
| Capex | 65.5M | 122.0M | 153.0M | 129.0M | 90.5M | 35.8M | 16.2M | 5.5M | 3.8M | 2.4M | 3.1M |