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 |
|---|---|---|---|---|---|---|
| Revenue | 6.5B | 5.3B | 4.6B | 2.0B | 739.0M | 270.0M |
| Revenue Growth % | 22.3% | 15.6% | 127.6% | 173.9% | 173.7% | -- |
| Total Revenue | 6.5B | 5.3B | 4.6B | 2.0B | 739.0M | 270.0M |
| Cost Of Revenue | 6.4B | 5.7B | 4.6B | 2.4B | 1.4B | 755.0M |
| Gross Profit | 67.0M | -363.0M | -11.0M | -332.0M | -695.0M | -485.0M |
| Gross Margin % | 1.0% | -6.8% | -0.2% | -16.4% | -94.0% | -179.6% |
| Total Operating Cost | 9.8B | 8.7B | 6.5B | 3.6B | 2.2B | 1.1B |
| Selling Expenses | 43.1M | 17.6M | 21.3M | 21.2M | 12.0M | 6.5M |
| Admin Expenses | 139.0M | 115.0M | 104.0M | 65.6M | 50.5M | 28.6M |
| Rd Expenses | 1.8B | 1.5B | 839.0M | 621.0M | 262.0M | 172.0M |
| Finance Expenses | 289.0M | 323.0M | 355.0M | 156.0M | 113.0M | 5.5M |
| Operating Income | -2.2B | -2.9B | -1.6B | -1.4B | -1.4B | -787.0M |
| Operating Margin % | -34.6% | -55.3% | -34.7% | -69.5% | -184.7% | -291.5% |
| Non Operating Income | 3.6M | 868,800 | 722,500 | 281,000 | -- | 15.0M |
| Non Operating Expenses | 350,500 | 165,400 | 218,100 | 48,400 | 504,100 | 57,200 |
| Investment Income | 24.6M | 22.8M | 32.2M | 4.6M | 18.8M | -- |
| Fair Value Change Income | 2.4M | 35.0M | -18.4M | -- | -- | 2.9M |
| Asset Disposal Income | 62.0M | 26.7M | 15.4M | 5.9M | 4.9M | 50,000 |
| Asset Impairment Loss | 977.0M | 1.0B | 572.0M | 358.0M | 300.0M | 90.1M |
| Other Income | 926.0M | 398.0M | 296.0M | 149.0M | 45.2M | 436,300 |
| Income Before Tax | -2.2B | -2.9B | -1.6B | -1.4B | -1.4B | -772.0M |
| Net Income | -2.2B | -2.9B | -1.6B | -1.4B | -1.4B | -772.0M |
| Net Margin % | -34.5% | -55.2% | -34.6% | -69.5% | -184.8% | -285.9% |
| Net Income Attributable | -962.0M | -2.0B | -1.1B | -1.2B | -1.4B | -772.0M |
| Minority Interest | -1.3B | -983.0M | -507.0M | -171.0M | -- | -- |
| Eps Basic | -0.14 | -0.32 | -0.21 | -0.25 | -0.41 | -0.31 |
| Eps Diluted | -0.14 | -0.32 | -0.21 | -0.25 | -0.41 | -0.31 |
| 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 |
|---|---|---|---|---|---|---|
| Cash And Equivalents | 5.2B | 4.0B | 1.7B | 577.0M | 1.1B | 353.0M |
| Trading Financial Assets | 1.3B | 50.4M | 1.1B | 50.0M | -- | 103.0M |
| Accounts Receivable | 1.3B | 550.0M | 590.0M | 208.0M | 129.0M | 88.8M |
| Notes Receivable | 31,500 | -- | -- | -- | 9.7M | 1.4M |
| Notes And Accounts Receivable | 1.3B | 550.0M | 590.0M | 208.0M | 139.0M | 90.3M |
| Prepayments | 135.0M | 146.0M | 141.0M | 55.2M | 44.9M | 12.4M |
| Inventory | 2.2B | 2.0B | 2.1B | 1.8B | 782.0M | 299.0M |
| Total Current Assets | 10.9B | 7.0B | 6.5B | 2.8B | 2.4B | 1.4B |
| Long Term Equity Investment | 631.0M | 60.9M | -- | -- | -- | -- |
| Fixed Assets | -- | 21.0B | 10.9B | 7.1B | 3.6B | 3.4B |
| Fixed Assets Total | 18.4B | 21.0B | 10.9B | 7.1B | 3.6B | 3.4B |
| Construction In Progress | -- | 1.3B | 5.5B | 1.2B | 600.0M | 156.0M |
| Construction In Progress Total | 2.1B | 1.3B | 5.5B | 1.2B | 600.0M | 156.0M |
| Intangible Assets | 849.0M | 978.0M | 993.0M | 1.0B | 1.2B | 1.3B |
| Long Term Deferred Expenses | 60.6M | 56.9M | 23.8M | 11.4M | 4.2M | -- |
| Total Non Current Assets | 23.3B | 24.5B | 19.3B | 9.8B | 6.0B | 4.9B |
| Total Assets | 34.2B | 31.6B | 25.9B | 12.6B | 8.4B | 6.3B |
| Short Term Borrowings | 2.8B | 2.6B | 2.4B | 689.0M | 397.0M | 483.0M |
| Accounts Payable | 2.0B | 2.8B | 3.9B | 1.8B | 921.0M | 954.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 23.1M |
| Contract Liabilities | 155.0M | 572.0M | 607.0M | 263.0M | 61.1M | -- |
| Total Current Liabilities | 6.1B | 6.8B | 8.8B | 3.5B | 1.9B | 3.1B |
| Long Term Borrowings | 7.5B | 6.7B | 9.6B | 4.5B | 1.7B | -- |
| Total Non Current Liabilities | 8.2B | 8.9B | 10.0B | 4.7B | 1.8B | 60.0M |
| Total Liabilities | 14.3B | 15.7B | 18.8B | 8.3B | 3.7B | 3.2B |
| Paid In Capital | 7.1B | 7.0B | 5.1B | 5.1B | 6.3B | 4.1B |
| Capital Reserve | 10.7B | 9.5B | 451.0M | 397.0M | 757.0M | -- |
| Retained Earnings | -5.0B | -4.0B | -2.1B | -995.0M | -2.4B | -990.0M |
| Minority Equity | 7.6B | 3.4B | 3.7B | -171.0M | -- | -- |
| Equity Attributable | 12.3B | 12.5B | 3.4B | 4.5B | 4.7B | 3.1B |
| Total Equity | 19.9B | 15.8B | 7.1B | 4.3B | 4.7B | 3.1B |
| 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 |
|---|---|---|---|---|---|---|
| Cash From Sales | 6.1B | 5.9B | 5.0B | 2.4B | 729.0M | 227.0M |
| Tax Refunds Received | 872.0M | 1.6B | 495.0M | 16.2M | 11.6M | 3.1M |
| Total Operating Cash Inflow | 7.8B | 8.4B | 6.0B | 3.5B | 1.6B | 309.0M |
| Cash Paid For Goods | 3.5B | 4.3B | 3.3B | 2.2B | 1.2B | 581.0M |
| Cash Paid To Employees | 1.4B | 1.1B | 899.0M | 548.0M | 312.0M | 190.0M |
| Taxes Paid | 752.0M | 34.4M | 47.6M | 2.1M | 828,300 | 2.3M |
| Total Operating Cash Outflow | 5.9B | 5.8B | 4.7B | 2.9B | 1.5B | 825.0M |
| Operating Cash Flow | 1.9B | 2.6B | 1.3B | 578.0M | 46.9M | -516.0M |
| Total Investing Cash Inflow | 3.8B | 3.7B | 5.0B | 1.6B | 4.8B | 300,000 |
| Total Investing Cash Outflow | 9.4B | 13.0B | 17.1B | 6.6B | 7.3B | 3.4B |
| Investing Cash Flow | -5.6B | -9.4B | -12.0B | -5.0B | -2.5B | -3.4B |
| Cash From Borrowings | 10.4B | 7.6B | 13.4B | 4.0B | 2.5B | 500.0M |
| Dividends And Interest Paid | 373.0M | 416.0M | 322.0M | 288.0M | 44.0M | 2.2M |
| Debt Repayments | 9.8B | 11.2B | 5.7B | 666.0M | 729.0M | 13.1M |
| Total Financing Cash Inflow | 17.1B | 20.8B | 17.7B | 5.0B | 5.6B | 3.9B |
| Total Financing Cash Outflow | 12.1B | 11.7B | 6.0B | 1.2B | 2.4B | 169.0M |
| Financing Cash Flow | 5.0B | 9.0B | 11.8B | 3.8B | 3.3B | 3.7B |
| Net Change In Cash | 1.3B | 2.3B | 1.1B | -554.0M | 799.0M | -246.0M |
| Ending Cash Balance | 5.2B | 3.9B | 1.6B | 571.0M | 1.1B | 326.0M |
| Capex | 3.6B | 10.3B | 10.7B | 5.1B | 2.5B | 3.3B |