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 | 811.0M | 1.1B | 944.0M | 751.0M | 544.0M |
| Revenue Growth % | -27.3% | 18.2% | 25.7% | 38.1% | -- |
| Total Revenue | 811.0M | 1.1B | 944.0M | 751.0M | 544.0M |
| Cost Of Revenue | 598.0M | 788.0M | 657.0M | 477.0M | 311.0M |
| Gross Profit | 213.0M | 328.0M | 287.0M | 274.0M | 233.0M |
| Gross Margin % | 26.3% | 29.4% | 30.4% | 36.5% | 42.8% |
| Total Operating Cost | 1.0B | 1.1B | 882.0M | 673.0M | 449.0M |
| Selling Expenses | 123.0M | 105.0M | 79.0M | 67.7M | 42.3M |
| Admin Expenses | 58.1M | 39.0M | 29.3M | 27.3M | 19.0M |
| Rd Expenses | 161.0M | 152.0M | 105.0M | 87.0M | 67.4M |
| Finance Expenses | 1.5M | -213,900 | -5.2M | 7,500 | -139,900 |
| Operating Income | -187.0M | 49.3M | 88.6M | 113.0M | 119.0M |
| Operating Margin % | -23.1% | 4.4% | 9.4% | 15.0% | 21.9% |
| Non Operating Income | 765,900 | 47,500 | 244,800 | 368,600 | 57,700 |
| Non Operating Expenses | 578,400 | 1.0M | 764,600 | 441,500 | 782,600 |
| Investment Income | 556,700 | -3.1M | -23,900 | -949,000 | 535,900 |
| Fair Value Change Income | -6.7M | -- | -- | -- | -- |
| Asset Disposal Income | -1.5M | -1.6M | -99,300 | -81,600 | 1.00 |
| Asset Impairment Loss | 42.7M | 10.7M | 7.3M | 4.3M | 2.9M |
| Other Income | 26.5M | 47.5M | 26.9M | 35.7M | 23.8M |
| Income Before Tax | -187.0M | 48.3M | 88.0M | 113.0M | 118.0M |
| Income Tax | -10.9M | -3.6M | 1.1M | 5.0M | 12.3M |
| Net Income | -176.0M | 51.9M | 86.9M | 108.0M | 106.0M |
| Net Margin % | -21.7% | 4.6% | 9.2% | 14.4% | 19.5% |
| Net Income Attributable | -165.0M | 53.6M | 90.4M | 110.0M | 107.0M |
| Minority Interest | -11.2M | -1.7M | -3.5M | -1.7M | -834,400 |
| Eps Basic | -1.10 | 0.35 | 0.65 | 0.97 | 0.96 |
| Eps Diluted | -1.10 | 0.35 | 0.65 | 0.97 | 0.96 |
| 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 | 91.3M | 193.0M | 416.0M | 86.3M | 89.0M |
| Accounts Receivable | 458.0M | 542.0M | 393.0M | 249.0M | 160.0M |
| Notes Receivable | 189.0M | 156.0M | 163.0M | 123.0M | 111.0M |
| Notes And Accounts Receivable | 647.0M | 697.0M | 556.0M | 373.0M | 271.0M |
| Prepayments | 23.3M | 33.6M | 37.0M | 16.7M | 6.5M |
| Inventory | 395.0M | 457.0M | 478.0M | 234.0M | 170.0M |
| Total Current Assets | 1.2B | 1.4B | 1.6B | 740.0M | 593.0M |
| Long Term Equity Investment | 13.5M | 13.1M | 14.8M | -- | -- |
| Fixed Assets | -- | 445.0M | 235.0M | 135.0M | 109.0M |
| Fixed Assets Total | 584.0M | 445.0M | 235.0M | 135.0M | 109.0M |
| Construction In Progress | -- | 110.0M | 147.0M | 18.4M | 6.4M |
| Construction In Progress Total | 5.5M | 110.0M | 147.0M | 18.4M | 6.4M |
| Intangible Assets | 63.9M | 70.9M | 50.6M | 49.8M | 49.9M |
| Long Term Deferred Expenses | 7.2M | 11.7M | 13.8M | 6.5M | 5.7M |
| Total Non Current Assets | 733.0M | 706.0M | 510.0M | 233.0M | 187.0M |
| Total Assets | 2.0B | 2.2B | 2.1B | 972.0M | 780.0M |
| Short Term Borrowings | 202.0M | 161.0M | 60.5M | 21.1M | 7.3M |
| Accounts Payable | 224.0M | 295.0M | 276.0M | 201.0M | 158.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 9.5M | 4.9M | 17.0M | 6.3M | 5.4M |
| Total Current Liabilities | 574.0M | 541.0M | 538.0M | 292.0M | 220.0M |
| Long Term Borrowings | 50.0M | -- | -- | -- | -- |
| Total Non Current Liabilities | 86.2M | 51.1M | 48.9M | 46.3M | 41.4M |
| Total Liabilities | 660.0M | 592.0M | 587.0M | 339.0M | 262.0M |
| Paid In Capital | 151.0M | 151.0M | 151.0M | 113.0M | 113.0M |
| Capital Reserve | 945.0M | 953.0M | 947.0M | 172.0M | 166.0M |
| Surplus Reserve | 49.9M | 49.9M | 44.3M | 35.0M | 24.0M |
| Retained Earnings | 234.0M | 415.0M | 395.0M | 313.0M | 214.0M |
| Minority Equity | -7.0M | -4.2M | -2.7M | -338,100 | 565,000 |
| Equity Attributable | 1.3B | 1.6B | 1.5B | 634.0M | 518.0M |
| Total Equity | 1.3B | 1.6B | 1.5B | 634.0M | 519.0M |
| 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 | 440.0M | 688.0M | 417.0M | 405.0M | 315.0M |
| Tax Refunds Received | 16.2M | 18.8M | 18.6M | 24.2M | 21.5M |
| Total Operating Cash Inflow | 492.0M | 778.0M | 476.0M | 443.0M | 363.0M |
| Cash Paid For Goods | 136.0M | 367.0M | 356.0M | 157.0M | 153.0M |
| Cash Paid To Employees | 311.0M | 295.0M | 247.0M | 174.0M | 105.0M |
| Taxes Paid | 20.7M | 24.1M | 42.6M | 52.4M | 31.8M |
| Total Operating Cash Outflow | 564.0M | 826.0M | 720.0M | 430.0M | 316.0M |
| Operating Cash Flow | -71.9M | -47.3M | -244.0M | 13.5M | 47.0M |
| Total Investing Cash Inflow | 91.5M | 297.0M | 292.0M | 115.0M | 137.0M |
| Total Investing Cash Outflow | 190.0M | 530.0M | 561.0M | 160.0M | 210.0M |
| Investing Cash Flow | -98.8M | -233.0M | -269.0M | -44.6M | -73.3M |
| Cash From Borrowings | 412.0M | 247.0M | 189.0M | 20.0M | -- |
| Dividends And Interest Paid | 22.5M | 32.0M | 948,300 | -- | 14,900 |
| Debt Repayments | 262.0M | 158.0M | 150.0M | -- | 1.3M |
| Total Financing Cash Inflow | 436.0M | 259.0M | 1.0B | 28.2M | 41.4M |
| Total Financing Cash Outflow | 364.0M | 198.0M | 189.0M | 5.4M | 1.7M |
| Financing Cash Flow | 71.5M | 61.5M | 841.0M | 22.8M | 39.7M |
| Net Change In Cash | -99.2M | -218.0M | 328.0M | -8.3M | 13.3M |
| Ending Cash Balance | 91.3M | 191.0M | 409.0M | 80.8M | 89.0M |
| Capex | 95.7M | 234.0M | 243.0M | 41.7M | 72.4M |