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 | 524.0M | 552.0M | 357.0M | 514.0M | 207.0M | 60.4M |
| Revenue Growth % | -5.1% | 54.6% | -30.5% | 148.3% | 242.6% | -- |
| Total Revenue | 524.0M | 552.0M | 357.0M | 514.0M | 207.0M | 60.4M |
| Cost Of Revenue | 514.0M | 486.0M | 293.0M | 431.0M | 193.0M | 56.8M |
| Gross Profit | 10.0M | 66.0M | 64.0M | 83.0M | 14.0M | 3.7M |
| Gross Margin % | 1.9% | 12.0% | 17.9% | 16.1% | 6.8% | 6.1% |
| Total Operating Cost | 939.0M | 1.0B | 737.0M | 888.0M | 327.0M | 149.0M |
| Selling Expenses | 37.1M | 45.6M | 41.6M | 27.2M | 14.4M | 14.2M |
| Admin Expenses | 90.3M | 88.8M | 128.0M | 256.0M | 28.1M | 15.9M |
| Rd Expenses | 248.0M | 325.0M | 261.0M | 148.0M | 80.4M | 52.8M |
| Finance Expenses | -19.8M | -7.8M | -2.0M | 931,200 | 1.9M | -1.2M |
| Operating Income | -379.0M | -407.0M | -336.0M | -331.0M | -109.0M | -68.1M |
| Operating Margin % | -72.3% | -73.7% | -94.1% | -64.4% | -52.7% | -112.7% |
| Non Operating Income | 93,200 | 1,400 | 67,100 | 388,200 | 1.1M | -- |
| Non Operating Expenses | 491,400 | 321,700 | 1.1M | 442,200 | 16,700 | 2,800 |
| Investment Income | 5.4M | 13.0M | 17.7M | 6.1M | 2.2M | 9.4M |
| Fair Value Change Income | 15.4M | 7.8M | -- | 58,100 | 1,400 | -- |
| Asset Disposal Income | 33,700 | 222,800 | 22,500 | 5,800 | -- | -- |
| Asset Impairment Loss | 64.9M | 62.1M | 14.2M | 24.3M | 8.7M | 10.5M |
| Other Income | 15.0M | 21.7M | 26.0M | 37.1M | 8.0M | 11.2M |
| Income Before Tax | -379.0M | -407.0M | -337.0M | -331.0M | -108.0M | -68.1M |
| Income Tax | 59.0M | 1.1M | -32.3M | -12.8M | -11.9M | 10.8M |
| Net Income | -438.0M | -409.0M | -305.0M | -318.0M | -96.2M | -78.9M |
| Net Margin % | -83.6% | -74.1% | -85.4% | -61.9% | -46.5% | -130.5% |
| Net Income Attributable | -438.0M | -409.0M | -305.0M | -318.0M | -96.2M | -78.9M |
| Eps Basic | -0.96 | -0.95 | -0.77 | -0.82 | -- | -- |
| Eps Diluted | -0.96 | -0.95 | -0.77 | -0.82 | -- | -- |
| 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 | 831.0M | 898.0M | 676.0M | 912.0M | 117.0M | 254.0M |
| Trading Financial Assets | 10.5M | 50.1M | -- | 25.1M | 2.9M | 37.9M |
| Accounts Receivable | 105.0M | 23.5M | 7.3M | 1.0M | 1.1M | 57,700 |
| Notes Receivable | 1.2M | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 106.0M | 23.5M | 7.3M | 1.0M | 1.1M | 57,700 |
| Prepayments | 17.9M | 13.2M | 45.2M | 5.7M | 2.1M | 210,000 |
| Inventory | 431.0M | 452.0M | 490.0M | 334.0M | 55.6M | 48.7M |
| Total Current Assets | 1.5B | 1.5B | 1.3B | 1.6B | 208.0M | 449.0M |
| Fixed Assets | -- | 45.3M | 35.2M | 30.0M | 12.6M | 3.3M |
| Fixed Assets Total | 48.4M | 45.3M | 35.2M | 30.0M | 12.6M | 3.3M |
| Construction In Progress | -- | 16.8M | 294,200 | -- | -- | -- |
| Construction In Progress Total | 78.2M | 16.8M | 294,200 | -- | -- | -- |
| Intangible Assets | 131.0M | 135.0M | 141.0M | 7.4M | -- | -- |
| Long Term Deferred Expenses | 5.5M | 589,400 | 2.8M | 3.8M | 3.4M | 110,000 |
| Total Non Current Assets | 726.0M | 864.0M | 297.0M | 147.0M | 34.6M | 10.2M |
| Total Assets | 2.2B | 2.4B | 1.6B | 1.7B | 243.0M | 459.0M |
| Short Term Borrowings | 83.6M | -- | -- | -- | -- | -- |
| Accounts Payable | 129.0M | 41.0M | 15.3M | 32.9M | 33.4M | 20.2M |
| Advance Receipts | -- | -- | -- | -- | -- | 15.6M |
| Contract Liabilities | 23,800 | 4.3M | 7.0M | 2.9M | 2.8M | -- |
| Total Current Liabilities | 252.0M | 107.0M | 80.6M | 83.1M | 63.0M | 211.0M |
| Long Term Borrowings | 52.3M | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 154.0M | 114.0M | 85.4M | 89.0M | 83.9M | 69.9M |
| Total Liabilities | 405.0M | 221.0M | 166.0M | 172.0M | 147.0M | 281.0M |
| Paid In Capital | 461.0M | 455.0M | 398.0M | 398.0M | 53.2M | 38.2M |
| Capital Reserve | 2.7B | 2.7B | 1.6B | 1.4B | 726.0M | 707.0M |
| Retained Earnings | -1.4B | -961.0M | -552.0M | -248.0M | -684.0M | -567.0M |
| Equity Attributable | 1.8B | 2.2B | 1.4B | 1.6B | 95.9M | 178.0M |
| Total Equity | 1.8B | 2.2B | 1.4B | 1.6B | 95.9M | 178.0M |
| 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 |
|---|---|---|---|---|---|---|
| Cash From Sales | 438.0M | 547.0M | 361.0M | 525.0M | 202.0M | 77.7M |
| Tax Refunds Received | 82.3M | 59.3M | 49.9M | 60.0M | 19.9M | 8.5M |
| Total Operating Cash Inflow | 550.0M | 633.0M | 442.0M | 627.0M | 255.0M | 120.0M |
| Cash Paid For Goods | 547.0M | 539.0M | 586.0M | 891.0M | 230.0M | 75.5M |
| Cash Paid To Employees | 200.0M | 169.0M | 149.0M | 97.9M | 54.2M | 36.3M |
| Taxes Paid | 269,900 | 273,500 | 906,900 | 453,300 | 12.7M | 306,600 |
| Total Operating Cash Outflow | 845.0M | 851.0M | 803.0M | 1.0B | 351.0M | 148.0M |
| Operating Cash Flow | -295.0M | -218.0M | -361.0M | -418.0M | -95.6M | -27.8M |
| Total Investing Cash Inflow | 2.6B | 3.1B | 2.9B | 996.0M | 373.0M | 795.0M |
| Total Investing Cash Outflow | 2.5B | 3.5B | 3.0B | 1.3B | 265.0M | 560.0M |
| Investing Cash Flow | 91.0M | -378.0M | -66.5M | -293.0M | 108.0M | 235.0M |
| Cash From Borrowings | 136.0M | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 1.5M | -- | -- | -- | 20.6M | -- |
| Total Financing Cash Inflow | 142.0M | 1.1B | -- | 1.5B | 15.2M | 9.4M |
| Total Financing Cash Outflow | 9.4M | 42.4M | 16.0M | 8.3M | 162.0M | 4.4M |
| Financing Cash Flow | 133.0M | 1.0B | -16.0M | 1.5B | -147.0M | 5.0M |
| Net Change In Cash | -67.1M | 426.0M | -441.0M | 799.0M | -136.0M | 213.0M |
| Ending Cash Balance | 830.0M | 897.0M | 471.0M | 912.0M | 113.0M | 249.0M |
| Capex | 69.2M | 46.5M | 158.0M | 36.1M | 16.2M | 3.9M |