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 | 139.0M | 331.0M | 479.0M | 476.0M | 423.0M | 283.0M | 202.0M | 161.0M | 146.0M |
| Revenue Growth % | -58.0% | -30.9% | 0.6% | 12.5% | 49.5% | 40.1% | 25.5% | 10.3% | -- |
| Total Revenue | 139.0M | 331.0M | 479.0M | 476.0M | 423.0M | 283.0M | 202.0M | 161.0M | 146.0M |
| Cost Of Revenue | 103.0M | 167.0M | 246.0M | 192.0M | 153.0M | 96.5M | 71.1M | 67.7M | 61.8M |
| Gross Profit | 36.0M | 164.0M | 233.0M | 284.0M | 270.0M | 186.5M | 130.9M | 93.3M | 84.2M |
| Gross Margin % | 25.9% | 49.5% | 48.6% | 59.7% | 63.8% | 65.9% | 64.8% | 58.0% | 57.7% |
| Total Operating Cost | 461.0M | 423.0M | 482.0M | 352.0M | 307.0M | 215.0M | 166.0M | 154.0M | 130.0M |
| Selling Expenses | 21.0M | 31.5M | 29.1M | 22.0M | 31.1M | 46.3M | 28.3M | 17.3M | 15.8M |
| Admin Expenses | 91.7M | 104.0M | 93.1M | 62.2M | 40.9M | 28.0M | 28.2M | 42.3M | 27.6M |
| Rd Expenses | 74.0M | 84.9M | 80.2M | 62.5M | 55.8M | 28.2M | 28.8M | 19.0M | 17.8M |
| Finance Expenses | 14.5M | 5.4M | 818,200 | -10.0M | 5.3M | 1.8M | 2.3M | 2.8M | 2.1M |
| Operating Income | -326.0M | -62.7M | 20.1M | 155.0M | 124.0M | 79.3M | 38.9M | 11.3M | 16.3M |
| Operating Margin % | -234.5% | -18.9% | 4.2% | 32.6% | 29.3% | 28.0% | 19.3% | 7.0% | 11.2% |
| Non Operating Income | 2.3M | 1.2M | 2.9M | 221,700 | 1.2M | 70,600 | 148,300 | 58,000 | 4.3M |
| Non Operating Expenses | 778,700 | 720,600 | 314,100 | 235,700 | 256,500 | 312,900 | 542,800 | 651,600 | 407,600 |
| Investment Income | -21,500 | -- | -- | -- | -- | 361,200 | -- | -- | 959,500 |
| Fair Value Change Income | -16.1M | 821,500 | 151,800 | 6.3M | 2.3M | -- | -- | -- | -- |
| Asset Disposal Income | -56,200 | 3.6M | 5,600 | -- | -- | -- | -- | 70,900 | -- |
| Asset Impairment Loss | 111.0M | 11.3M | 1.3M | 333,900 | -1.1M | 5.6M | 6.3M | 2.3M | 4.0M |
| Other Income | 11.3M | 24.8M | 22.9M | 25.2M | 5.8M | 10.5M | 2.4M | 4.2M | -- |
| Income Before Tax | -325.0M | -62.2M | 22.7M | 155.0M | 125.0M | 79.1M | 38.5M | 10.7M | 20.2M |
| Income Tax | -49.3M | -13.6M | -4.9M | 20.0M | 18.3M | 6.0M | 6.2M | 5.7M | 4.3M |
| Net Income | -275.0M | -48.6M | 27.6M | 135.0M | 107.0M | 73.1M | 32.3M | 5.0M | 15.9M |
| Net Margin % | -197.8% | -14.7% | 5.8% | 28.4% | 25.3% | 25.8% | 16.0% | 3.1% | 10.9% |
| Net Income Attributable | -272.0M | -56.3M | 26.2M | 134.0M | 107.0M | 73.1M | 32.3M | 5.0M | 15.9M |
| Minority Interest | -3.8M | 7.7M | 1.4M | 349,700 | -- | -- | -- | -- | -- |
| Eps Basic | -1.70 | -0.43 | 0.17 | 1.18 | 1.09 | 0.86 | 0.40 | 0.06 | 0.34 |
| Eps Diluted | -1.70 | -0.43 | 0.17 | 1.18 | 1.09 | 0.86 | 0.40 | 0.06 | 0.34 |
| 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 | 333.0M | 599.0M | 576.0M | 915.0M | 579.0M | 150.0M | 54.9M | 102.0M | 20.5M |
| Trading Financial Assets | -- | -- | -- | -- | 464.0M | -- | -- | -- | -- |
| Accounts Receivable | 499.0M | 589.0M | 547.0M | 532.0M | 410.0M | 242.0M | 159.0M | 94.9M | 132.0M |
| Notes Receivable | 27.8M | 43.5M | 109.0M | 62.6M | 74.5M | -- | 30.1M | 44.7M | 7.3M |
| Notes And Accounts Receivable | 527.0M | 632.0M | 656.0M | 594.0M | 484.0M | 242.0M | 189.0M | 140.0M | 140.0M |
| Prepayments | 4.7M | 4.8M | 16.9M | 5.5M | 4.0M | 4.6M | 3.8M | 11.2M | 2.4M |
| Inventory | 329.0M | 342.0M | 265.0M | 168.0M | 123.0M | 109.0M | 99.7M | 65.4M | 50.6M |
| Total Current Assets | 1.2B | 1.6B | 1.6B | 1.7B | 1.7B | 576.0M | 356.0M | 325.0M | 217.0M |
| Fixed Assets | -- | 855.0M | 512.0M | 40.3M | 49.0M | 64.2M | 69.2M | 71.8M | -- |
| Fixed Assets Total | 599.0M | 855.0M | 512.0M | 40.3M | 49.0M | 64.2M | 69.2M | 71.8M | 42.8M |
| Construction In Progress | -- | 14.9M | 276.0M | 517.0M | 291.0M | 164.0M | 89.4M | 27.7M | -- |
| Construction In Progress Total | 5.3M | 14.9M | 276.0M | 517.0M | 291.0M | 164.0M | 89.4M | 27.7M | 1.2M |
| Intangible Assets | 38.7M | 51.4M | 49.8M | 53.6M | 43.6M | 44.5M | 40.2M | 37.6M | 37.2M |
| Long Term Deferred Expenses | -- | 34,000 | 84,500 | 135,000 | 1.4M | 2.2M | 3.3M | 754,200 | 4.0M |
| Total Non Current Assets | 1.0B | 1.1B | 1.1B | 810.0M | 460.0M | 296.0M | 230.0M | 147.0M | 89.9M |
| Total Assets | 2.3B | 2.8B | 2.6B | 2.5B | 2.1B | 872.0M | 586.0M | 472.0M | 307.0M |
| Short Term Borrowings | 20.0M | 55.0M | 65.0M | 25.0M | 20.0M | 51.5M | 13.6M | 30.5M | -- |
| Accounts Payable | 177.0M | 271.0M | 247.0M | 167.0M | 132.0M | 101.0M | 61.6M | 37.2M | 19.4M |
| Advance Receipts | 600,000 | -- | 13.5M | -- | -- | 1.7M | 2.8M | 1.6M | 844,800 |
| Contract Liabilities | 4.0M | 3.7M | 2.6M | 4.4M | 16.1M | -- | -- | -- | -- |
| Total Current Liabilities | 387.0M | 599.0M | 670.0M | 490.0M | 347.0M | 254.0M | 167.0M | 95.6M | 47.5M |
| Long Term Borrowings | 44.9M | 69.8M | 106.0M | 150.0M | 99.0M | 50.0M | -- | -- | -- |
| Total Non Current Liabilities | 227.0M | 410.0M | 178.0M | 203.0M | 146.0M | 97.4M | 55.7M | 37.5M | 3.7M |
| Total Liabilities | 614.0M | 1.0B | 848.0M | 693.0M | 492.0M | 351.0M | 222.0M | 133.0M | 51.2M |
| Paid In Capital | 169.0M | 161.0M | 115.0M | 115.0M | 115.0M | 86.0M | 81.0M | 81.0M | 76.8M |
| Capital Reserve | 1.5B | 1.3B | 1.4B | 1.3B | 1.3B | 320.0M | 241.0M | 241.0M | 167.0M |
| Surplus Reserve | 15.6M | 15.6M | 15.7M | 15.7M | 14.0M | 9.1M | 7.3M | 4.3M | 2.8M |
| Retained Earnings | -43.9M | 228.0M | 285.0M | 300.0M | 168.0M | 106.0M | 34.3M | 13.1M | 9.6M |
| Minority Equity | 47.6M | 51.3M | 43.3M | 42.0M | -- | -- | -- | -- | -- |
| Equity Attributable | 1.6B | 1.7B | 1.7B | 1.8B | 1.6B | 521.0M | 363.0M | 339.0M | 256.0M |
| Total Equity | 1.7B | 1.8B | 1.8B | 1.8B | 1.6B | 521.0M | 363.0M | 339.0M | 256.0M |
| 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 | 221.0M | 415.0M | 457.0M | 385.0M | 284.0M | 201.0M | 180.0M | 183.0M | 122.0M |
| Tax Refunds Received | 2.2M | 20.2M | 25.0M | 17.5M | 13.8M | 9.0M | 2.2M | 1.8M | 3.4M |
| Total Operating Cash Inflow | 230.0M | 468.0M | 531.0M | 439.0M | 303.0M | 213.0M | 213.0M | 211.0M | 129.0M |
| Cash Paid For Goods | 215.0M | 288.0M | 241.0M | 151.0M | 87.0M | 75.0M | 61.2M | 76.7M | 99.0M |
| Cash Paid To Employees | 104.0M | 130.0M | 115.0M | 83.2M | 55.0M | 44.3M | 48.3M | 37.8M | 30.3M |
| Taxes Paid | 14.8M | 62.4M | 69.3M | 69.0M | 32.6M | 34.1M | 20.7M | 20.5M | 23.6M |
| Total Operating Cash Outflow | 533.0M | 554.0M | 490.0M | 361.0M | 234.0M | 186.0M | 162.0M | 164.0M | 179.0M |
| Operating Cash Flow | -302.0M | -85.5M | 41.1M | 78.2M | 69.1M | 26.9M | 50.6M | 47.6M | -50.4M |
| Total Investing Cash Inflow | 451.0M | 484.0M | 196.0M | 1.1B | 326.0M | 107.0M | -- | 70,900 | 101.0M |
| Total Investing Cash Outflow | 497.0M | 604.0M | 492.0M | 808.0M | 1.1B | 201.0M | 68.2M | 68.5M | 151.0M |
| Investing Cash Flow | -46.3M | -120.0M | -296.0M | 249.0M | -725.0M | -93.5M | -68.2M | -68.5M | -49.8M |
| Cash From Borrowings | 30.0M | 75.0M | 65.0M | 106.0M | 69.0M | 87.9M | 3.1M | 46.0M | 29.5M |
| Dividends And Interest Paid | 4.2M | 9.6M | 48.7M | 1.7M | 44.6M | 1.8M | 10.1M | 2.5M | 2.3M |
| Debt Repayments | 90.1M | 126.0M | 68.8M | 20.0M | 51.5M | 6.5M | 25.9M | 5.5M | 91.3M |
| Total Financing Cash Inflow | 30.0M | 372.0M | 73.8M | 106.0M | 1.1B | 172.0M | 3.1M | 111.0M | 193.0M |
| Total Financing Cash Outflow | 98.5M | 141.0M | 159.0M | 24.0M | 123.0M | 11.6M | 36.0M | 7.9M | 93.6M |
| Financing Cash Flow | -68.5M | 230.0M | -85.3M | 82.0M | 1.0B | 161.0M | -32.9M | 103.0M | 99.5M |
| Net Change In Cash | -417.0M | 25.0M | -339.0M | 407.0M | 358.0M | 94.0M | -51.0M | 81.8M | -694,300 |
| Ending Cash Balance | 180.0M | 597.0M | 572.0M | 910.0M | 503.0M | 145.0M | 50.8M | 102.0M | 19.9M |
| Capex | 49.4M | 137.0M | 310.0M | 194.0M | 132.0M | 93.8M | 68.2M | 68.5M | 50.7M |