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 | 248.0M | 236.0M | 263.0M | 164.0M | 68.6M | 33.6M |
| Revenue Growth % | 5.1% | -10.3% | 60.4% | 139.2% | 104.0% | -- |
| Total Revenue | 248.0M | 236.0M | 263.0M | 164.0M | 68.6M | 33.6M |
| Cost Of Revenue | 148.0M | 144.0M | 143.0M | 82.7M | 35.3M | 12.0M |
| Gross Profit | 100.0M | 92.0M | 120.0M | 81.3M | 33.3M | 21.6M |
| Gross Margin % | 40.3% | 39.0% | 45.6% | 49.6% | 48.5% | 64.4% |
| Total Operating Cost | 264.0M | 235.0M | 208.0M | 132.0M | 117.0M | 32.0M |
| Selling Expenses | 36.3M | 25.4M | 18.3M | 9.6M | 4.1M | 2.0M |
| Admin Expenses | 26.4M | 29.4M | 15.8M | 15.2M | 55.5M | 3.2M |
| Rd Expenses | 44.6M | 29.7M | 22.4M | 17.2M | 19.2M | 14.1M |
| Finance Expenses | -13.7M | -8.5M | -437,000 | 1.6M | 328,900 | 81,700 |
| Operating Income | 12.7M | 12.6M | 75.3M | 50.2M | -25.5M | 3.6M |
| Operating Margin % | 5.1% | 5.3% | 28.6% | 30.6% | -37.1% | 10.8% |
| Non Operating Income | 688,100 | 2.3M | 4.3M | 1,500 | 2,000 | 200.00 |
| Non Operating Expenses | 155,700 | 40,800 | 304,900 | 29.00 | 0.00 | 4,400 |
| Investment Income | 12.6M | 3.8M | 448,700 | 792,400 | -13,600 | -44,100 |
| Fair Value Change Income | -- | -- | 162,700 | 29,500 | 125,000 | 73,200 |
| Asset Disposal Income | -3,300 | -926,600 | 179,300 | 6,900 | 6.8M | -- |
| Asset Impairment Loss | 20.6M | 10.5M | 5.6M | 2.3M | 1.3M | 197,100 |
| Other Income | 16.1M | 9.4M | 19.9M | 17.0M | 16.4M | 2.0M |
| Income Before Tax | 13.2M | 14.8M | 79.3M | 50.2M | -25.5M | 3.6M |
| Income Tax | -2.5M | -910,600 | 8.8M | 6.2M | 1.8M | -922,900 |
| Net Income | 15.7M | 15.8M | 70.5M | 44.1M | -27.3M | 4.6M |
| Net Margin % | 6.3% | 6.7% | 26.8% | 26.9% | -39.8% | 13.6% |
| Net Income Attributable | 15.7M | 15.8M | 70.5M | 44.1M | -27.3M | 4.5M |
| Minority Interest | -- | -- | -- | -- | -- | 14,300 |
| Eps Basic | 0.23 | 0.27 | 1.38 | 0.89 | -- | -- |
| Eps Diluted | 0.23 | 0.27 | 1.38 | 0.89 | -- | -- |
| 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 | 332.0M | 223.0M | 106.0M | 156.0M | 4.2M | 5.3M |
| Trading Financial Assets | -- | -- | -- | -- | 1.9M | 2.3M |
| Accounts Receivable | 127.0M | 136.0M | 80.1M | 70.2M | 14.0M | 3.8M |
| Notes Receivable | 20.7M | 10.7M | 20.5M | 9.0M | 4.1M | 1.1M |
| Notes And Accounts Receivable | 148.0M | 146.0M | 101.0M | 79.2M | 18.1M | 4.9M |
| Prepayments | 2.3M | 7.6M | 3.7M | 3.0M | 389,900 | 377,500 |
| Inventory | 134.0M | 155.0M | 148.0M | 79.8M | 16.9M | 11.0M |
| Total Current Assets | 994.0M | 1.5B | 399.0M | 344.0M | 64.0M | 28.2M |
| Fixed Assets | -- | 27.1M | 11.0M | 6.5M | 3.0M | 3.7M |
| Fixed Assets Total | 24.9M | 27.1M | 11.0M | 6.5M | 3.0M | 3.7M |
| Construction In Progress | -- | 1.1M | 715,700 | 110,200 | 177,000 | -- |
| Construction In Progress Total | 32.6M | 1.1M | 715,700 | 110,200 | 177,000 | -- |
| Intangible Assets | 21.7M | 22.3M | 22.7M | 219,400 | -- | -- |
| Long Term Deferred Expenses | 2.5M | 6.6M | 11.2M | 2.3M | 614,100 | 1.3M |
| Total Non Current Assets | 535.0M | 71.2M | 73.5M | 13.5M | 4.9M | 6.3M |
| Total Assets | 1.5B | 1.6B | 472.0M | 358.0M | 68.9M | 34.5M |
| Short Term Borrowings | -- | 20.2M | 22.4M | 45.1M | 16.2M | 6.0M |
| Accounts Payable | 31.9M | 24.4M | 17.4M | 20.6M | 5.8M | 2.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 335,400 |
| Contract Liabilities | 161,000 | 115,500 | 33,900 | 44,400 | 517,500 | -- |
| Total Current Liabilities | 65.0M | 85.4M | 84.5M | 83.1M | 32.9M | 11.8M |
| Long Term Borrowings | -- | -- | 31.2M | -- | -- | -- |
| Total Non Current Liabilities | 12.3M | 6.9M | 43.8M | 3.0M | 4.3M | 778,300 |
| Total Liabilities | 77.2M | 92.3M | 128.0M | 86.1M | 37.2M | 12.6M |
| Paid In Capital | 68.0M | 68.0M | 51.0M | 51.0M | 5.4M | 5.4M |
| Capital Reserve | 1.3B | 1.3B | 199.0M | 197.0M | 52.1M | -- |
| Surplus Reserve | 12.5M | 11.0M | 9.4M | 2.3M | 1.7M | 1.7M |
| Retained Earnings | 99.5M | 98.7M | 84.5M | 21.0M | -27.5M | 14.8M |
| Equity Attributable | 1.5B | 1.5B | 344.0M | 272.0M | 31.7M | 21.9M |
| Total Equity | 1.5B | 1.5B | 344.0M | 272.0M | 31.7M | 21.9M |
| 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 | 284.0M | 195.0M | 273.0M | 115.0M | 51.7M | 30.2M |
| Tax Refunds Received | 7.0M | 3.4M | 11.8M | 4.2M | 2.3M | 1.4M |
| Total Operating Cash Inflow | 299.0M | 212.0M | 301.0M | 129.0M | 72.4M | 33.1M |
| Cash Paid For Goods | 154.0M | 167.0M | 230.0M | 154.0M | 52.4M | 22.4M |
| Cash Paid To Employees | 81.2M | 61.5M | 43.9M | 20.9M | 12.9M | 8.2M |
| Taxes Paid | 12.4M | 14.3M | 24.5M | 10.4M | 3.6M | 2.1M |
| Total Operating Cash Outflow | 268.0M | 258.0M | 315.0M | 193.0M | 72.4M | 34.2M |
| Operating Cash Flow | 31.8M | -46.1M | -13.8M | -64.0M | 23,100 | -1.1M |
| Total Investing Cash Inflow | 1.4B | 205.0M | 286.0M | 215.0M | 26.7M | 4.7M |
| Total Investing Cash Outflow | 1.2B | 1.1B | 327.0M | 212.0M | 26.2M | 6.2M |
| Investing Cash Flow | 169.0M | -931.0M | -41.2M | 2.7M | 424,900 | -1.4M |
| Cash From Borrowings | 17.9M | 44.2M | 56.0M | 49.0M | 16.9M | 6.0M |
| Dividends And Interest Paid | 13.6M | 2.0M | 1.1M | 4.4M | 12.4M | 142,500 |
| Debt Repayments | 36.0M | 77.2M | 45.0M | 19.0M | 6.0M | -- |
| Total Financing Cash Inflow | 17.9M | 1.2B | 56.0M | 237.0M | 18.2M | 6.0M |
| Total Financing Cash Outflow | 109.0M | 108.0M | 53.4M | 24.9M | 19.8M | 217,700 |
| Financing Cash Flow | -91.2M | 1.1B | 2.6M | 212.0M | -1.6M | 5.8M |
| Net Change In Cash | 109.0M | 117.0M | -52.4M | 151.0M | -1.2M | 3.2M |
| Ending Cash Balance | 329.0M | 220.0M | 103.0M | 155.0M | 4.2M | 5.3M |
| Capex | 29.7M | 15.0M | 43.0M | 7.9M | 974,800 | 2.8M |