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 | 506.0M | 1.1B | 714.0M | 373.0M | 203.0M | 152.0M |
| Revenue Growth % | -54.8% | 56.7% | 91.4% | 83.7% | 33.6% | -- |
| Total Revenue | 506.0M | 1.1B | 714.0M | 373.0M | 203.0M | 152.0M |
| Cost Of Revenue | 460.0M | 920.0M | 515.0M | 247.0M | 119.0M | 86.6M |
| Gross Profit | 46.0M | 199.0M | 199.0M | 126.0M | 84.0M | 65.4M |
| Gross Margin % | 9.1% | 17.8% | 27.9% | 33.8% | 41.4% | 43.0% |
| Total Operating Cost | 667.0M | 1.1B | 654.0M | 322.0M | 168.0M | 145.0M |
| Selling Expenses | 22.7M | 24.1M | 37.1M | 15.8M | 7.4M | 12.6M |
| Admin Expenses | 54.7M | 40.8M | 36.8M | 21.6M | 9.3M | 7.8M |
| Rd Expenses | 54.1M | 56.6M | 43.7M | 24.0M | 19.6M | 23.0M |
| Finance Expenses | -3.4M | -3.8M | 426,600 | 1.3M | 1.1M | 405,300 |
| Operating Income | -150.0M | 64.1M | 83.0M | 60.2M | 41.0M | 13.5M |
| Operating Margin % | -29.6% | 5.7% | 11.6% | 16.1% | 20.2% | 8.9% |
| Non Operating Income | 38,400 | 314,800 | 223,100 | 50,100 | 240,200 | 8.00 |
| Non Operating Expenses | 300,500 | 881,300 | 1.3M | 129,000 | 491,300 | 233,800 |
| Investment Income | 316,000 | 2.3M | 1.5M | 196,400 | 333,900 | -- |
| Fair Value Change Income | 3.2M | 313,500 | -- | -- | 11,100 | -- |
| Asset Disposal Income | -1,300 | -- | 190,500 | -- | -- | -- |
| Asset Impairment Loss | 52.5M | 28.7M | 19.9M | 6.4M | 2.4M | 2.9M |
| Other Income | 7.5M | 22.3M | 21.0M | 8.7M | 5.4M | 6.4M |
| Income Before Tax | -150.0M | 63.5M | 81.9M | 60.1M | 40.8M | 13.3M |
| Income Tax | -22.0M | 8.1M | 7.3M | 6.9M | 4.1M | -326,700 |
| Net Income | -128.0M | 55.4M | 74.6M | 53.3M | 36.6M | 13.6M |
| Net Margin % | -25.3% | 4.9% | 10.5% | 14.3% | 18.0% | 9.0% |
| Net Income Attributable | -128.0M | 56.1M | 75.6M | 54.2M | 36.7M | 13.6M |
| Minority Interest | 70,100 | -766,600 | -990,900 | -948,200 | -67,000 | -- |
| Eps Basic | -2.29 | 1.64 | 2.52 | 1.84 | -- | -- |
| Eps Diluted | -2.29 | 1.17 | 2.52 | 1.84 | -- | -- |
| 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 | 382.0M | 241.0M | 189.0M | 235.0M | 68.1M | 56.1M |
| Trading Financial Assets | 170.0M | 170.0M | -- | -- | 10.0M | -- |
| Accounts Receivable | 360.0M | 290.0M | 152.0M | 58.2M | 21.7M | 62.5M |
| Notes Receivable | 37.3M | 34.2M | 86.4M | 113.0M | 11.5M | 24.1M |
| Notes And Accounts Receivable | 398.0M | 324.0M | 238.0M | 171.0M | 33.2M | 86.6M |
| Prepayments | 9.4M | 6.3M | 13.2M | 3.4M | 601,100 | 529,100 |
| Inventory | 535.0M | 609.0M | 1.1B | 565.0M | 287.0M | 254.0M |
| Total Current Assets | 1.7B | 1.9B | 1.7B | 1.1B | 428.0M | 415.0M |
| Fixed Assets | -- | 9.1M | 6.0M | 3.8M | 1.3M | 1.0M |
| Fixed Assets Total | 228.0M | 9.1M | 6.0M | 3.8M | 1.3M | 1.0M |
| Construction In Progress | -- | 128.0M | 3.5M | -- | -- | -- |
| Construction In Progress Total | 1.2M | 128.0M | 3.5M | -- | -- | -- |
| Intangible Assets | 50.8M | 38.2M | 37.6M | 285,200 | 169,500 | 203,700 |
| Long Term Deferred Expenses | 3.4M | 1.7M | 1.8M | 1.2M | 159,800 | 133,300 |
| Total Non Current Assets | 419.0M | 202.0M | 75.4M | 34.0M | 5.6M | 4.1M |
| Total Assets | 2.2B | 2.1B | 1.8B | 1.1B | 433.0M | 419.0M |
| Short Term Borrowings | 292.0M | 113.0M | 11.4M | 28.1M | -- | 10.0M |
| Accounts Payable | 297.0M | 238.0M | 508.0M | 233.0M | 34.8M | 43.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 238.0M |
| Contract Liabilities | 282.0M | 321.0M | 625.0M | 386.0M | 257.0M | -- |
| Total Current Liabilities | 1.1B | 926.0M | 1.5B | 872.0M | 341.0M | 351.0M |
| Total Non Current Liabilities | 24.6M | 11.1M | 9.9M | 13.7M | 1,700 | -- |
| Total Liabilities | 1.1B | 937.0M | 1.5B | 885.0M | 341.0M | 351.0M |
| Paid In Capital | 56.0M | 40.0M | 30.0M | 30.0M | 3.0M | 3.0M |
| Capital Reserve | 903.0M | 913.0M | 163.0M | 158.0M | -- | -- |
| Surplus Reserve | 19.6M | 19.6M | 13.2M | 5.4M | 3.2M | 3.2M |
| Retained Earnings | 12.5M | 146.0M | 96.4M | 28.6M | 86.2M | 61.6M |
| Minority Equity | 51.4M | -1.9M | -1.2M | -175,100 | -67,000 | -- |
| Equity Attributable | 971.0M | 1.1B | 303.0M | 222.0M | 92.4M | 67.8M |
| Total Equity | 1.0B | 1.1B | 302.0M | 222.0M | 92.4M | 67.8M |
| 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 | 516.0M | 656.0M | 345.0M | 205.0M | 174.0M | 145.0M |
| Tax Refunds Received | 10.7M | 6.5M | 10.0M | 6.7M | 6.5M | 7.0M |
| Total Operating Cash Inflow | 563.0M | 689.0M | 383.0M | 220.0M | 183.0M | 154.0M |
| Cash Paid For Goods | 337.0M | 588.0M | 131.0M | 97.0M | 55.8M | 54.1M |
| Cash Paid To Employees | 173.0M | 221.0M | 176.0M | 61.7M | 37.7M | 42.9M |
| Taxes Paid | 40.5M | 55.0M | 34.5M | 14.1M | 15.5M | 21.4M |
| Total Operating Cash Outflow | 579.0M | 903.0M | 364.0M | 191.0M | 117.0M | 132.0M |
| Operating Cash Flow | -16.4M | -213.0M | 19.3M | 29.0M | 66.0M | 22.2M |
| Total Investing Cash Inflow | 1.4B | 161.0M | 47,300 | 50.2M | 25.2M | -- |
| Total Investing Cash Outflow | 1.4B | 752.0M | 45.1M | 45.8M | 45.8M | 192,400 |
| Investing Cash Flow | -3.8M | -591.0M | -45.1M | 4.5M | -20.6M | -192,400 |
| Cash From Borrowings | 329.0M | 202.0M | 11.4M | 28.0M | -- | 9.9M |
| Dividends And Interest Paid | 10.8M | 203,800 | 10.9M | 25.5M | 12.5M | 12,500 |
| Debt Repayments | 137.0M | 84.7M | 28.0M | -- | 9.9M | -- |
| Total Financing Cash Inflow | 341.0M | 960.0M | 11.4M | 136.0M | 7,892 | 12.5M |
| Total Financing Cash Outflow | 179.0M | 99.5M | 55.6M | 33.2M | 22.5M | 9.5M |
| Financing Cash Flow | 162.0M | 860.0M | -44.2M | 103.0M | -22.4M | 3.0M |
| Net Change In Cash | 143.0M | 56.3M | -70.0M | 136.0M | 22.9M | 25.0M |
| Ending Cash Balance | 318.0M | 175.0M | 118.0M | 188.0M | 52.4M | 29.5M |
| Capex | 91.0M | 112.0M | 45.1M | 5.8M | 817,000 | 192,400 |