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 | 523.0M | 415.0M | 420.0M | 342.0M | 81.1M | 28.6M |
| Revenue Growth % | 26.0% | -1.2% | 22.8% | 321.6% | 183.9% | -- |
| Total Revenue | 523.0M | 415.0M | 420.0M | 342.0M | 81.1M | 28.6M |
| Cost Of Revenue | 409.0M | 298.0M | 308.0M | 249.0M | 60.3M | 20.2M |
| Gross Profit | 114.0M | 117.0M | 112.0M | 93.0M | 20.8M | 8.4M |
| Gross Margin % | 21.8% | 28.2% | 26.7% | 27.2% | 25.7% | 29.4% |
| Total Operating Cost | 625.0M | 422.0M | 412.0M | 341.0M | 144.0M | 101.0M |
| Selling Expenses | 32.9M | 27.0M | 25.8M | 19.1M | 13.6M | 9.1M |
| Admin Expenses | 78.3M | 31.5M | 33.4M | 26.0M | 24.1M | 30.0M |
| Rd Expenses | 108.0M | 63.0M | 54.7M | 39.4M | 39.6M | 38.2M |
| Finance Expenses | -11.2M | -14.6M | -18.5M | 1.4M | 4.0M | 363,600 |
| Operating Income | -74.8M | 3.6M | 21.1M | 11.1M | -61.4M | -70.5M |
| Operating Margin % | -14.3% | 0.9% | 5.0% | 3.3% | -75.7% | -246.9% |
| Non Operating Income | 0.00 | 1.00 | 2,700 | 5,000 | 22,700 | 5,600 |
| Non Operating Expenses | 1,500 | 2,800 | 135,900 | 33,000 | 548,400 | 9,300 |
| Investment Income | 11.5M | 190,700 | 4.1M | 1.1M | 2.5M | 299,100 |
| Fair Value Change Income | 371,800 | -- | -- | -- | -- | -- |
| Asset Disposal Income | 9,600 | -- | -- | 38,800 | 10,600 | 8,200 |
| Asset Impairment Loss | 7.9M | 11.4M | 6.8M | 5.6M | 2.2M | 3.3M |
| Other Income | 15.6M | 10.8M | 9.1M | 9.3M | -734,600 | 2.1M |
| Income Before Tax | -74.8M | 3.6M | 21.0M | 11.1M | -61.9M | -70.5M |
| Income Tax | 1.3M | -6.3M | 511,000 | -2.6M | -7.4M | 1.2M |
| Net Income | -76.1M | 9.9M | 20.5M | 13.7M | -54.5M | -71.7M |
| Net Margin % | -14.6% | 2.4% | 4.9% | 4.0% | -67.2% | -251.1% |
| Net Income Attributable | -76.1M | 9.9M | 20.5M | 13.7M | -54.5M | -71.7M |
| Eps Basic | -0.18 | 0.03 | 0.06 | 0.04 | -- | -- |
| Eps Diluted | -0.18 | 0.03 | 0.06 | 0.04 | -- | -- |
| 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 | 586.0M | 929.0M | 558.0M | 132.0M | 18.5M | 34.2M |
| Trading Financial Assets | 121.0M | 200.0M | 25.3M | 375.0M | 20.0M | 40.0M |
| Accounts Receivable | 199.0M | 279.0M | 151.0M | 123.0M | 31.4M | 10.9M |
| Notes Receivable | 13.4M | 6.9M | 4.3M | -- | -- | -- |
| Notes And Accounts Receivable | 213.0M | 286.0M | 156.0M | 123.0M | 31.4M | 10.9M |
| Prepayments | 9.1M | 12.5M | 7.5M | 8.9M | 42.6M | 2.1M |
| Inventory | 333.0M | 151.0M | 271.0M | 303.0M | 87.7M | 48.7M |
| Total Current Assets | 1.5B | 1.6B | 1.0B | 984.0M | 216.0M | 142.0M |
| Long Term Equity Investment | 58,900 | 445,900 | 49,900 | -- | -- | -- |
| Fixed Assets | -- | 22.3M | 22.5M | 27.4M | 10.6M | 3.5M |
| Fixed Assets Total | 21.8M | 22.3M | 22.5M | 27.4M | 10.6M | 3.5M |
| Construction In Progress | -- | 204,300 | -- | -- | -- | -- |
| Construction In Progress Total | 765,300 | 204,300 | -- | -- | -- | -- |
| Intangible Assets | 406,600 | 26,300 | 342,700 | 423,200 | 639,200 | 696,800 |
| Long Term Deferred Expenses | 1.7M | 6.4M | 8.8M | 5.0M | -- | -- |
| Total Non Current Assets | 188.0M | 105.0M | 75.9M | 83.4M | 40.3M | 26.7M |
| Total Assets | 1.7B | 1.7B | 1.1B | 1.1B | 256.0M | 169.0M |
| Short Term Borrowings | 30.0M | -- | 123,500 | -- | 10.0M | 12.1M |
| Accounts Payable | 35.5M | 37.9M | 34.2M | 23.9M | 15.4M | 6.5M |
| Advance Receipts | -- | -- | -- | -- | -- | 19.5M |
| Contract Liabilities | 170,500 | 156,600 | 775,300 | 6.4M | 15.4M | -- |
| Total Current Liabilities | 125.0M | 89.4M | 100.0M | 65.5M | 64.9M | 44.2M |
| Total Non Current Liabilities | 17.4M | 2.7M | 11.3M | 17.7M | 5.2M | 6.1M |
| Total Liabilities | 142.0M | 92.1M | 111.0M | 83.2M | 70.1M | 50.3M |
| Paid In Capital | 424.0M | 424.0M | 361.0M | 361.0M | 81.5M | 65.9M |
| Capital Reserve | 1.3B | 1.3B | 757.0M | 753.0M | 301.0M | 196.0M |
| Surplus Reserve | 2.0M | -- | -- | -- | -- | -- |
| Retained Earnings | -181.0M | -103.0M | -113.0M | -133.0M | -199.0M | -144.0M |
| Equity Attributable | 1.5B | 1.6B | 1.0B | 984.0M | 186.0M | 119.0M |
| Total Equity | 1.5B | 1.6B | 1.0B | 984.0M | 186.0M | 119.0M |
| 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 | 631.0M | 322.0M | 476.0M | 302.0M | 72.6M | 40.1M |
| Tax Refunds Received | 24.0M | 8.5M | 44.1M | 15.1M | 4.6M | 1.9M |
| Total Operating Cash Inflow | 680.0M | 350.0M | 538.0M | 327.0M | 81.6M | 48.2M |
| Cash Paid For Goods | 676.0M | 247.0M | 337.0M | 517.0M | 153.0M | 56.5M |
| Cash Paid To Employees | 88.0M | 75.2M | 63.6M | 48.4M | 31.7M | 23.7M |
| Taxes Paid | 1.8M | 2.1M | 2.0M | 2.0M | 129,400 | 12,000 |
| Total Operating Cash Outflow | 849.0M | 351.0M | 430.0M | 593.0M | 210.0M | 93.6M |
| Operating Cash Flow | -169.0M | -982,300 | 108.0M | -266.0M | -129.0M | -45.4M |
| Total Investing Cash Inflow | 3.1B | 39.4M | 830.0M | 191.0M | 480.0M | 65.1M |
| Total Investing Cash Outflow | 3.3B | 259.0M | 498.0M | 575.0M | 464.0M | 72.3M |
| Investing Cash Flow | -156.0M | -220.0M | 332.0M | -384.0M | 16.2M | -7.2M |
| Cash From Borrowings | 29.8M | -- | 122,600 | 9.0M | 18.0M | 15.0M |
| Dividends And Interest Paid | -- | -- | -- | 783,200 | 508,100 | 295,000 |
| Debt Repayments | -- | -- | -- | 19.0M | 20.1M | 2.9M |
| Total Financing Cash Inflow | 29.8M | 669.0M | 122,600 | 784.0M | 119.0M | 79.0M |
| Total Financing Cash Outflow | 45.0M | 70.9M | 10.1M | 21.0M | 20.6M | 3.2M |
| Financing Cash Flow | -15.1M | 598.0M | -9.9M | 763.0M | 98.1M | 75.8M |
| Net Change In Cash | -343.0M | 371.0M | 426.0M | 113.0M | -15.7M | 23.6M |
| Ending Cash Balance | 586.0M | 929.0M | 558.0M | 132.0M | 18.5M | 34.2M |
| Capex | 15.0M | 12.9M | 8.1M | 29.8M | 6.3M | 3.0M |