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 |
|---|---|---|---|---|---|
| Revenue | 130.0M | 214.0M | 235.0M | 210.0M | 137.0M |
| Revenue Growth % | -39.3% | -8.9% | 11.9% | 53.3% | -- |
| Total Revenue | 130.0M | 214.0M | 235.0M | 210.0M | 137.0M |
| Cost Of Revenue | 83.3M | 117.0M | 127.0M | 127.0M | 113.0M |
| Gross Profit | 46.7M | 97.0M | 108.0M | 83.0M | 24.0M |
| Gross Margin % | 35.9% | 45.3% | 46.0% | 39.5% | 17.5% |
| Total Operating Cost | 247.0M | 208.0M | 182.0M | 169.0M | 160.0M |
| Selling Expenses | 19.5M | 10.5M | 7.7M | 6.6M | 3.3M |
| Admin Expenses | 34.3M | 28.2M | 16.9M | 15.7M | 28.9M |
| Rd Expenses | 58.7M | 36.0M | 22.7M | 18.9M | 13.9M |
| Finance Expenses | -4.8M | -1.5M | 501,300 | 807,000 | 449,800 |
| Operating Income | -105.0M | 16.9M | 66.0M | 48.6M | -19.8M |
| Operating Margin % | -80.8% | 7.9% | 28.1% | 23.1% | -14.4% |
| Non Operating Income | 600.00 | 2,100 | -- | -- | -- |
| Non Operating Expenses | 17,200 | 300.00 | 2,900 | -- | -- |
| Investment Income | 5.1M | 1.4M | 924,200 | 2.7M | 360,200 |
| Fair Value Change Income | 1.7M | 565,600 | -- | 50,000 | -- |
| Asset Disposal Income | 17,900 | 1,100 | -- | -- | -- |
| Asset Impairment Loss | 50.8M | 14.4M | 5.5M | 493,900 | 614,700 |
| Other Income | 4.5M | 8.8M | 11.9M | 5.4M | 2.9M |
| Income Before Tax | -105.0M | 16.9M | 66.0M | 48.6M | -19.8M |
| Income Tax | -7.9M | -859,700 | 4.9M | 114,500 | -88,200 |
| Net Income | -97.2M | 17.8M | 61.1M | 48.5M | -19.7M |
| Net Margin % | -74.8% | 8.3% | 26.0% | 23.1% | -14.4% |
| Net Income Attributable | -97.2M | 17.8M | 61.1M | 48.5M | -19.7M |
| Minority Interest | -27,500 | -- | -- | -- | -- |
| Eps Basic | -1.32 | 0.29 | 1.11 | 0.94 | -0.47 |
| Eps Diluted | -1.32 | 0.29 | 1.11 | 0.94 | -0.47 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 173.0M | 394.0M | 95.3M | 178.0M | 79.7M |
| Trading Financial Assets | 423.0M | 291.0M | -- | 9.9M | -- |
| Accounts Receivable | 79.1M | 95.3M | 39.6M | 21.4M | 27.4M |
| Notes Receivable | 26.1M | 13.5M | 36.3M | 10.0M | 27.5M |
| Notes And Accounts Receivable | 105.0M | 109.0M | 76.0M | 31.5M | 54.8M |
| Prepayments | 4.0M | 5.2M | 18.0M | 9.3M | 2.9M |
| Inventory | 114.0M | 138.0M | 117.0M | 66.9M | 30.1M |
| Total Current Assets | 829.0M | 946.0M | 322.0M | 318.0M | 195.0M |
| Fixed Assets | -- | 108.0M | 108.0M | 3.9M | 3.0M |
| Fixed Assets Total | 99.6M | 108.0M | 108.0M | 3.9M | 3.0M |
| Construction In Progress | -- | 2.2M | 4.7M | 55.3M | 265,500 |
| Construction In Progress Total | 652,500 | 2.2M | 4.7M | 55.3M | 265,500 |
| Intangible Assets | 454,400 | 995,300 | 1.5M | 2.2M | -- |
| Long Term Deferred Expenses | 3.1M | 340,600 | 780,100 | 1.4M | 332,600 |
| Total Non Current Assets | 136.0M | 120.0M | 122.0M | 78.4M | 4.0M |
| Total Assets | 965.0M | 1.1B | 444.0M | 397.0M | 199.0M |
| Short Term Borrowings | -- | 597,000 | 25.6M | 38.9M | 16.0M |
| Accounts Payable | 21.9M | 8.4M | 18.2M | 18.8M | 13.6M |
| Advance Receipts | 3.5M | 1.9M | -- | -- | -- |
| Contract Liabilities | 3.3M | 5.2M | 13.4M | 17.2M | 3.9M |
| Total Current Liabilities | 55.1M | 42.5M | 103.0M | 108.0M | 72.6M |
| Long Term Borrowings | -- | -- | -- | 8.5M | -- |
| Total Non Current Liabilities | 4.4M | 1.5M | 1.1M | 9.8M | -- |
| Total Liabilities | 59.6M | 44.0M | 104.0M | 118.0M | 72.6M |
| Paid In Capital | 73.7M | 73.7M | 55.3M | 55.3M | 50.0M |
| Capital Reserve | 836.0M | 836.0M | 189.0M | 189.0M | 90.9M |
| Surplus Reserve | 11.5M | 11.5M | 9.7M | 3.7M | 832,100 |
| Retained Earnings | -15.7M | 101.0M | 85.4M | 30.4M | -15.3M |
| Minority Equity | -27,500 | -- | -- | -- | -- |
| Equity Attributable | 905.0M | 1.0B | 340.0M | 279.0M | 126.0M |
| Total Equity | 905.0M | 1.0B | 340.0M | 279.0M | 126.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 145.0M | 203.0M | 213.0M | 202.0M | 67.5M |
| Tax Refunds Received | 2.3M | 2.5M | 16.8M | 1.1M | 1.6M |
| Total Operating Cash Inflow | 158.0M | 221.0M | 253.0M | 215.0M | 78.9M |
| Cash Paid For Goods | 107.0M | 181.0M | 205.0M | 112.0M | 57.9M |
| Cash Paid To Employees | 60.4M | 38.5M | 29.3M | 21.7M | 13.8M |
| Taxes Paid | 557,600 | 7.1M | 10.0M | 9.3M | 2.5M |
| Total Operating Cash Outflow | 209.0M | 257.0M | 264.0M | 165.0M | 88.9M |
| Operating Cash Flow | -51.7M | -36.1M | -11.2M | 50.7M | -10.0M |
| Total Investing Cash Inflow | 899.0M | 319.0M | 227.0M | 370.0M | 116.0M |
| Total Investing Cash Outflow | 1.0B | 627.0M | 265.0M | 454.0M | 117.0M |
| Investing Cash Flow | -150.0M | -308.0M | -38.3M | -84.2M | -881,300 |
| Cash From Borrowings | -- | 13.8M | 25.6M | 48.9M | 16.0M |
| Dividends And Interest Paid | 19.9M | 853,200 | 1.3M | 919,200 | 2.5M |
| Debt Repayments | -- | 38.8M | 48.4M | 17.8M | 3.0M |
| Total Financing Cash Inflow | 2.7M | 707.0M | 25.6M | 149.0M | 72.7M |
| Total Financing Cash Outflow | 25.1M | 64.5M | 55.5M | 18.7M | 5.5M |
| Financing Cash Flow | -22.3M | 643.0M | -29.9M | 130.0M | 67.1M |
| Net Change In Cash | -224.0M | 299.0M | -79.3M | 96.7M | 56.3M |
| Ending Cash Balance | 170.0M | 393.0M | 94.4M | 174.0M | 77.1M |
| Capex | 14.4M | 19.2M | 49.1M | 77.0M | 1.2M |