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 | 242.0M | 347.0M | 246.0M | 413.0M | 341.0M |
| Revenue Growth % | -30.3% | 41.1% | -40.4% | 21.1% | -- |
| Total Revenue | 242.0M | 347.0M | 246.0M | 413.0M | 341.0M |
| Cost Of Revenue | 219.0M | 309.0M | 232.0M | 272.0M | 211.0M |
| Gross Profit | 23.0M | 38.0M | 14.0M | 141.0M | 130.0M |
| Gross Margin % | 9.5% | 11.0% | 5.7% | 34.1% | 38.1% |
| Total Operating Cost | 329.0M | 476.0M | 345.0M | 396.0M | 296.0M |
| Selling Expenses | 9.4M | 14.1M | 16.9M | 16.6M | 11.0M |
| Admin Expenses | 42.2M | 52.2M | 45.0M | 39.3M | 31.1M |
| Rd Expenses | 22.8M | 29.1M | 29.6M | 25.3M | 21.4M |
| Finance Expenses | 7.8M | 8.3M | 4.3M | 6.4M | 5.6M |
| Operating Income | -85.4M | -126.0M | -96.4M | 19.8M | 52.7M |
| Operating Margin % | -35.3% | -36.3% | -39.2% | 4.8% | 15.4% |
| Non Operating Income | 2.00 | 200.00 | 2.5M | 110,000 | 22,800 |
| Non Operating Expenses | 579,100 | 4.0M | 2.2M | 195,600 | 302,300 |
| Investment Income | -49,300 | -76,100 | -15,500 | -20,200 | 2.6M |
| Asset Disposal Income | 97,800 | 89,500 | -- | -- | 94,500 |
| Asset Impairment Loss | -1.2M | 9.2M | 7.4M | 250,700 | 1.2M |
| Other Income | 826,700 | 3.2M | 2.5M | 2.3M | 4.9M |
| Income Before Tax | -86.0M | -130.0M | -96.0M | 19.7M | 52.4M |
| Income Tax | -3.8M | -8.7M | -2.1M | 2.5M | 7.1M |
| Net Income | -82.2M | -121.0M | -93.9M | 17.2M | 45.3M |
| Net Margin % | -34.0% | -34.9% | -38.2% | 4.2% | 13.3% |
| Net Income Attributable | -82.2M | -121.0M | -93.9M | 17.2M | 46.7M |
| Minority Interest | -- | -- | -- | -- | -1.5M |
| Eps Basic | -0.61 | -0.90 | -0.70 | 0.13 | 0.46 |
| Eps Diluted | -0.61 | -0.90 | -0.70 | 0.13 | 0.46 |
| 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 | 29.7M | 101.0M | 197.0M | 232.0M | 85.5M |
| Trading Financial Assets | 500,000 | -- | -- | -- | -- |
| Accounts Receivable | 240.0M | 158.0M | 271.0M | 381.0M | 255.0M |
| Notes Receivable | 10.9M | 22.6M | 6.4M | 15.2M | 3.5M |
| Notes And Accounts Receivable | 251.0M | 181.0M | 277.0M | 396.0M | 259.0M |
| Prepayments | 3.5M | 4.1M | 8.7M | 16.2M | 5.8M |
| Inventory | 4.3M | 4.7M | 4.2M | 682,900 | 887,300 |
| Total Current Assets | 535.0M | 657.0M | 715.0M | 752.0M | 471.0M |
| Fixed Assets | -- | 23.8M | 31.8M | 34.1M | 23.9M |
| Fixed Assets Total | 15.2M | 23.8M | 31.8M | 34.1M | 23.9M |
| Construction In Progress | -- | 148,400 | -- | -- | -- |
| Construction In Progress Total | 3.6M | 148,400 | -- | -- | -- |
| Intangible Assets | -- | -- | -- | -- | -- |
| Long Term Deferred Expenses | 78,500 | 291,600 | 564,700 | 644,700 | -- |
| Total Non Current Assets | 51.5M | 48.5M | 51.5M | 48.6M | 28.4M |
| Total Assets | 586.0M | 706.0M | 766.0M | 800.0M | 499.0M |
| Short Term Borrowings | 127.0M | 156.0M | 201.0M | 88.4M | 71.8M |
| Accounts Payable | 192.0M | 164.0M | 84.5M | 115.0M | 96.2M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 10.7M | 11.6M | 10.0M | 686,700 | 466,200 |
| Total Current Liabilities | 382.0M | 415.0M | 362.0M | 290.0M | 207.0M |
| Long Term Borrowings | 2.0M | 10.0M | -- | -- | -- |
| Total Non Current Liabilities | 5.4M | 10.1M | 1.8M | 805,600 | -- |
| Total Liabilities | 388.0M | 425.0M | 364.0M | 291.0M | 207.0M |
| Paid In Capital | 134.0M | 134.0M | 134.0M | 134.0M | 101.0M |
| Capital Reserve | 176.0M | 176.0M | 176.0M | 176.0M | 8.4M |
| Surplus Reserve | 18.9M | 18.9M | 18.9M | 18.9M | 17.1M |
| Retained Earnings | -130.0M | -47.7M | 73.2M | 181.0M | 165.0M |
| Minority Equity | -- | -- | -- | -- | -- |
| Equity Attributable | 199.0M | 281.0M | 402.0M | 509.0M | 292.0M |
| Total Equity | 199.0M | 281.0M | 402.0M | 509.0M | 292.0M |
| 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 | 237.0M | 238.0M | 228.0M | 286.0M | 268.0M |
| Tax Refunds Received | 1.2M | 1.0M | 8.9M | 898,100 | 8,900 |
| Total Operating Cash Inflow | 254.0M | 261.0M | 282.0M | 334.0M | 310.0M |
| Cash Paid For Goods | 142.0M | 215.0M | 224.0M | 233.0M | 154.0M |
| Cash Paid To Employees | 44.4M | 45.9M | 45.7M | 37.4M | 33.3M |
| Taxes Paid | 13.0M | 13.1M | 26.8M | 29.0M | 37.3M |
| Total Operating Cash Outflow | 244.0M | 342.0M | 366.0M | 408.0M | 301.0M |
| Operating Cash Flow | 9.9M | -81.1M | -83.4M | -74.2M | 9.2M |
| Total Investing Cash Inflow | 20,300 | 151,100 | 68,600 | -- | 46.0M |
| Total Investing Cash Outflow | 4.4M | 2.3M | 11.7M | 19.7M | 37.8M |
| Investing Cash Flow | -4.4M | -2.1M | -11.6M | -19.7M | 8.2M |
| Cash From Borrowings | 220.0M | 225.0M | 206.0M | 129.0M | 85.5M |
| Dividends And Interest Paid | 7.4M | 9.2M | 20.0M | 6.6M | 5.6M |
| Debt Repayments | 280.0M | 229.0M | 114.0M | 89.8M | 104.0M |
| Total Financing Cash Inflow | 238.0M | 225.0M | 206.0M | 353.0M | 85.5M |
| Total Financing Cash Outflow | 309.0M | 243.0M | 140.0M | 123.0M | 110.0M |
| Financing Cash Flow | -71.2M | -18.9M | 65.8M | 229.0M | -24.3M |
| Net Change In Cash | -65.7M | -102.0M | -29.2M | 136.0M | -6.9M |
| Ending Cash Balance | 20.1M | 85.8M | 188.0M | 217.0M | 81.5M |
| Capex | 3.9M | 2.3M | 10.6M | 19.7M | 16.1M |