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 | 621.0M | 497.0M | 365.0M | 376.0M | 287.0M |
| Revenue Growth % | 24.9% | 36.2% | -2.9% | 31.0% | -- |
| Total Revenue | 621.0M | 497.0M | 365.0M | 376.0M | 287.0M |
| Cost Of Revenue | 383.0M | 337.0M | 256.0M | 259.0M | 178.0M |
| Gross Profit | 238.0M | 160.0M | 109.0M | 117.0M | 109.0M |
| Gross Margin % | 38.3% | 32.2% | 29.9% | 31.1% | 38.0% |
| Total Operating Cost | 645.0M | 553.0M | 413.0M | 327.0M | 228.0M |
| Selling Expenses | 50.7M | 38.2M | 27.7M | 23.2M | 16.8M |
| Admin Expenses | 108.0M | 100.0M | 90.8M | 23.4M | 14.6M |
| Rd Expenses | 73.1M | 50.6M | 28.7M | 19.4M | 15.3M |
| Finance Expenses | 12.8M | 7.9M | 621,600 | -729,700 | 434,800 |
| Operating Income | -2.5M | -45.8M | -46.0M | 59.1M | 61.3M |
| Operating Margin % | -0.4% | -9.2% | -12.6% | 15.7% | 21.4% |
| Non Operating Income | 108,400 | 212,200 | 15,900 | 6.5M | 2.5M |
| Non Operating Expenses | 248,300 | 208,700 | 2.0M | 133,200 | 686,000 |
| Investment Income | 14.5M | 6.1M | 249,500 | 102,400 | 271,300 |
| Fair Value Change Income | 4.6M | -- | 347,400 | 8.7M | -- |
| Asset Disposal Income | -2.3M | 14,900 | 1,800 | 24,100 | 800.00 |
| Asset Impairment Loss | 1.7M | 2.1M | 1.6M | 250,900 | 185,500 |
| Other Income | 4.3M | 4.0M | 1.4M | 2.1M | 2.7M |
| Income Before Tax | -2.6M | -45.8M | -48.1M | 65.5M | 63.1M |
| Income Tax | -7.0M | -11.0M | -11.6M | 6.9M | 7.9M |
| Net Income | 4.4M | -34.8M | -36.5M | 58.6M | 55.2M |
| Net Margin % | 0.7% | -7.0% | -10.0% | 15.6% | 19.2% |
| Net Income Attributable | -12.6M | -36.8M | -32.2M | 53.1M | 50.0M |
| Minority Interest | 17.0M | 2.0M | -4.2M | 5.5M | 5.2M |
| Eps Basic | -0.14 | -0.40 | -0.35 | 0.64 | 0.72 |
| Eps Diluted | -0.14 | -0.40 | -0.35 | 0.64 | 0.72 |
| 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 | 43.4M | 55.5M | 73.3M | 158.0M | 44.5M |
| Trading Financial Assets | 17.1M | 1.2M | -- | 37.1M | -- |
| Accounts Receivable | 343.0M | 275.0M | 191.0M | 177.0M | 139.0M |
| Notes Receivable | 47.5M | 46.7M | 33.5M | 26.8M | 21.2M |
| Notes And Accounts Receivable | 391.0M | 322.0M | 224.0M | 204.0M | 160.0M |
| Prepayments | 7.5M | 3.1M | 15.1M | 7.9M | 4.6M |
| Inventory | 106.0M | 91.1M | 51.8M | 51.6M | 27.9M |
| Total Current Assets | 654.0M | 543.0M | 409.0M | 487.0M | 255.0M |
| Long Term Equity Investment | 8.4M | 8.9M | 22.9M | -- | -- |
| Fixed Assets | -- | 286.0M | 179.0M | 53.3M | 51.0M |
| Fixed Assets Total | 258.0M | 286.0M | 179.0M | 53.3M | 51.0M |
| Construction In Progress | -- | 821,300 | 3.5M | 61.3M | 39.3M |
| Construction In Progress Total | 1.6M | 821,300 | 3.5M | 61.3M | 39.3M |
| Intangible Assets | 178.0M | 191.0M | 66.8M | 10.5M | 10.3M |
| Long Term Deferred Expenses | 902,500 | 1.3M | 779,700 | 1.4M | 999,300 |
| Total Non Current Assets | 617.0M | 668.0M | 345.0M | 157.0M | 110.0M |
| Total Assets | 1.3B | 1.2B | 754.0M | 643.0M | 365.0M |
| Short Term Borrowings | 251.0M | 199.0M | 63.1M | 13.0M | 7.0M |
| Accounts Payable | 87.6M | 76.5M | 29.3M | 26.8M | 31.4M |
| Advance Receipts | -- | -- | -- | 7.3M | -- |
| Contract Liabilities | 8.0M | 9.2M | 8.7M | 21,100 | 11,200 |
| Total Current Liabilities | 521.0M | 423.0M | 193.0M | 65.5M | 52.6M |
| Long Term Borrowings | 31.6M | 64.7M | 15.8M | -- | 3.0M |
| Total Non Current Liabilities | 105.0M | 180.0M | 86.0M | 9.4M | 11.3M |
| Total Liabilities | 626.0M | 603.0M | 279.0M | 75.0M | 63.9M |
| Paid In Capital | 93.6M | 92.9M | 92.8M | 92.2M | 69.1M |
| Capital Reserve | 327.0M | 291.0M | 243.0M | 269.0M | 84.3M |
| Surplus Reserve | 15.3M | 15.3M | 15.3M | 15.3M | 11.5M |
| Retained Earnings | 72.3M | 84.8M | 122.0M | 170.0M | 121.0M |
| Minority Equity | 137.0M | 124.0M | 2.8M | 22.2M | 15.6M |
| Equity Attributable | 508.0M | 484.0M | 473.0M | 546.0M | 286.0M |
| Total Equity | 646.0M | 608.0M | 476.0M | 569.0M | 301.0M |
| 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 | 322.0M | 315.0M | 221.0M | 192.0M |
| Tax Refunds Received | 4.2M | 1.2M | 3.0M | -- | -- |
| Total Operating Cash Inflow | 441.0M | 339.0M | 321.0M | 232.0M | 197.0M |
| Cash Paid For Goods | 242.0M | 184.0M | 195.0M | 169.0M | 97.0M |
| Cash Paid To Employees | 141.0M | 106.0M | 56.7M | 41.1M | 28.0M |
| Taxes Paid | 54.7M | 31.4M | 14.1M | 21.7M | 19.5M |
| Total Operating Cash Outflow | 506.0M | 362.0M | 297.0M | 259.0M | 164.0M |
| Operating Cash Flow | -65.2M | -22.9M | 24.8M | -27.4M | 32.5M |
| Total Investing Cash Inflow | 44.4M | 10.4M | 57.7M | 29.6M | 48.4M |
| Total Investing Cash Outflow | 75.1M | 167.0M | 178.0M | 92.8M | 79.5M |
| Investing Cash Flow | -30.7M | -157.0M | -120.0M | -63.3M | -31.0M |
| Cash From Borrowings | 364.0M | 301.0M | 141.0M | 13.0M | 10.9M |
| Dividends And Interest Paid | 16.4M | 6.8M | 18.0M | 799,300 | 131,000 |
| Debt Repayments | 298.0M | 170.0M | 62.1M | 11.0M | 3.0M |
| Total Financing Cash Inflow | 417.0M | 368.0M | 152.0M | 232.0M | 10.9M |
| Total Financing Cash Outflow | 331.0M | 208.0M | 141.0M | 28.0M | 6.9M |
| Financing Cash Flow | 85.5M | 160.0M | 10.8M | 204.0M | 4.0M |
| Net Change In Cash | -10.3M | -19.6M | -84.8M | 113.0M | 5.5M |
| Ending Cash Balance | 43.3M | 53.5M | 73.2M | 158.0M | 44.5M |
| Capex | 11.3M | 74.7M | 72.8M | 23.2M | 37.6M |