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 | FY 2018Dec 31, 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.0B | 768.0M | 459.0M | 264.0M | 192.0M | 128.0M |
| Revenue Growth % | 4.3% | 35.0% | 67.3% | 73.9% | 37.5% | 50.0% | -- |
| Total Revenue | 1.1B | 1.0B | 768.0M | 459.0M | 264.0M | 192.0M | 128.0M |
| Cost Of Revenue | 648.0M | 661.0M | 436.0M | 243.0M | 140.0M | 80.4M | 52.6M |
| Gross Profit | 434.0M | 376.0M | 332.0M | 216.0M | 124.0M | 111.6M | 75.4M |
| Gross Margin % | 40.1% | 36.3% | 43.2% | 47.1% | 47.0% | 58.1% | 58.9% |
| Total Operating Cost | 1.2B | 1.1B | 838.0M | 500.0M | 314.0M | 227.0M | 171.0M |
| Selling Expenses | 40.9M | 40.2M | 34.8M | 30.7M | 24.2M | 21.3M | 21.4M |
| Admin Expenses | 61.7M | 56.6M | 47.1M | 40.9M | 36.7M | 26.7M | 26.4M |
| Rd Expenses | 428.0M | 314.0M | 264.0M | 182.0M | 111.0M | 95.4M | 69.6M |
| Finance Expenses | 309,600 | 23.8M | 47.2M | 1.5M | -803,800 | 214,600 | -1.2M |
| Operating Income | -73.1M | -20.3M | -32.8M | -3.4M | -9.6M | 6.0M | -27.6M |
| Operating Margin % | -6.8% | -2.0% | -4.3% | -0.7% | -3.6% | 3.1% | -21.5% |
| Non Operating Income | 4.9M | 785,800 | 3.9M | 515,700 | 107,800 | 278,700 | 173,100 |
| Non Operating Expenses | 70,900 | 66,300 | 497,600 | 557,900 | 71,800 | 45,400 | 36,100 |
| Investment Income | 4.2M | -- | -- | 206,600 | 2.5M | 5.6M | 6.5M |
| Fair Value Change Income | 5.1M | 690,300 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 4.6M | 5.5M | 3.2M | 1.1M | 1.1M | 524,900 | 1.6M |
| Other Income | 26.1M | 43.7M | 37.3M | 37.6M | 38.1M | 35.3M | 9.1M |
| Income Before Tax | -68.3M | -19.5M | -29.4M | -3.5M | -9.6M | 6.2M | -27.4M |
| Net Income | -68.3M | -19.5M | -29.4M | -3.5M | -9.6M | 6.2M | -27.4M |
| Net Margin % | -6.3% | -1.9% | -3.8% | -0.8% | -3.6% | 3.2% | -21.4% |
| Net Income Attributable | -68.3M | -19.5M | -29.4M | -3.5M | -9.6M | 6.2M | -27.4M |
| Eps Basic | -0.17 | -0.05 | -0.08 | -0.01 | -0.03 | 0.02 | -0.08 |
| Eps Diluted | -0.17 | -0.05 | -0.08 | -0.01 | -0.03 | 0.02 | -0.08 |
| 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 | FY 2018Dec 31, 2018 |
|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 671.0M | 1.0B | 365.0M | 376.0M | 155.0M | 143.0M | 79.9M |
| Trading Financial Assets | 644.0M | 601.0M | -- | -- | -- | 95.0M | -- |
| Accounts Receivable | 152.0M | 54.3M | 117.0M | 74.5M | 62.6M | 51.0M | 35.0M |
| Notes Receivable | 35.7M | 35.8M | 31.4M | 15.9M | 49.2M | 15.6M | 15.2M |
| Notes And Accounts Receivable | 188.0M | 90.0M | 149.0M | 90.4M | 112.0M | 66.6M | 50.2M |
| Prepayments | 95.4M | 404.0M | 189.0M | 202.0M | 4.5M | 2.0M | 919,300 |
| Inventory | 735.0M | 716.0M | 281.0M | 142.0M | 62.7M | 53.7M | 39.1M |
| Total Current Assets | 2.3B | 2.9B | 1.0B | 830.0M | 337.0M | 363.0M | 295.0M |
| Fixed Assets | -- | 216.0M | 223.0M | 40.5M | 19.8M | 14.8M | 8.3M |
| Fixed Assets Total | 194.0M | 216.0M | 223.0M | 40.5M | 19.8M | 14.8M | 8.3M |
| Construction In Progress | -- | -- | -- | 118.0M | 32.9M | 2.1M | -- |
| Construction In Progress Total | -- | -- | -- | 118.0M | 32.9M | 2.1M | -- |
| Intangible Assets | 10.6M | 28.2M | 53.4M | 65.9M | 10.5M | 19.8M | 12.2M |
| Long Term Deferred Expenses | 6.8M | 11.3M | 11.1M | 5.6M | 5.2M | 6.4M | 904,900 |
| Total Non Current Assets | 313.0M | 282.0M | 294.0M | 272.0M | 111.0M | 53.5M | 43.4M |
| Total Assets | 2.7B | 3.1B | 1.3B | 1.1B | 448.0M | 416.0M | 338.0M |
| Short Term Borrowings | -- | 376.0M | 691.0M | 384.0M | -- | -- | -- |
| Accounts Payable | 66.9M | 53.1M | 76.8M | 149.0M | 32.9M | 22.1M | 18.6M |
| Advance Receipts | -- | -- | -- | -- | -- | 5.8M | 12.5M |
| Contract Liabilities | 131.0M | 242.0M | 4.1M | 9.2M | 6.1M | -- | -- |
| Total Current Liabilities | 283.0M | 754.0M | 837.0M | 600.0M | 81.3M | 61.8M | 48.7M |
| Long Term Borrowings | -- | -- | 56.5M | 45.9M | 10.0M | -- | -- |
| Total Non Current Liabilities | 46.0M | 21.7M | 117.0M | 117.0M | 105.0M | 98.1M | 40.2M |
| Total Liabilities | 329.0M | 776.0M | 954.0M | 717.0M | 186.0M | 160.0M | 88.9M |
| Paid In Capital | 410.0M | 410.0M | 360.0M | 360.0M | 182.0M | 182.0M | 182.0M |
| Capital Reserve | 2.0B | 2.0B | 30.6M | 23.5M | 391.0M | 376.0M | 375.0M |
| Surplus Reserve | 16.0M | 16.0M | 9.0M | 3.8M | -- | -- | -- |
| Retained Earnings | -132.0M | -63.7M | -37.1M | -2.5M | -311.0M | -302.0M | -308.0M |
| Equity Attributable | 2.3B | 2.4B | 362.0M | 385.0M | 262.0M | 256.0M | 249.0M |
| Total Equity | 2.3B | 2.4B | 362.0M | 385.0M | 262.0M | 256.0M | 249.0M |
| 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 | FY 2018Dec 31, 2018 |
|---|---|---|---|---|---|---|---|
| Cash From Sales | 939.0M | 1.5B | 768.0M | 497.0M | 258.0M | 187.0M | 133.0M |
| Tax Refunds Received | 31.2M | 63.2M | 24.8M | 6.0M | 1.8M | 813,600 | 1.4M |
| Total Operating Cash Inflow | 1.0B | 1.5B | 869.0M | 610.0M | 354.0M | 335.0M | 165.0M |
| Cash Paid For Goods | 432.0M | 1.4B | 679.0M | 494.0M | 178.0M | 105.0M | 86.0M |
| Cash Paid To Employees | 296.0M | 256.0M | 211.0M | 152.0M | 118.0M | 96.6M | 77.2M |
| Taxes Paid | 2.2M | 8.8M | 5.9M | 7.6M | 6.0M | 7.0M | 8.3M |
| Total Operating Cash Outflow | 853.0M | 1.8B | 980.0M | 802.0M | 424.0M | 261.0M | 210.0M |
| Operating Cash Flow | 174.0M | -263.0M | -111.0M | -191.0M | -69.9M | 74.2M | -45.1M |
| Total Investing Cash Inflow | 1.2B | 1,105 | 4,575 | 35.2M | 310.0M | 655.0M | 606.0M |
| Total Investing Cash Outflow | 1.3B | 657.0M | 163.0M | 181.0M | 237.0M | 666.0M | 531.0M |
| Investing Cash Flow | -149.0M | -657.0M | -163.0M | -146.0M | 72.4M | -11.1M | 74.8M |
| Cash From Borrowings | 134.0M | 1.0B | 750.0M | 444.0M | 10.0M | -- | -- |
| Dividends And Interest Paid | 8.7M | 30.6M | 18.6M | 4.0M | 64,500 | -- | -- |
| Debt Repayments | 509.0M | 1.4B | 474.0M | -- | -- | -- | -- |
| Total Financing Cash Inflow | 134.0M | 3.0B | 750.0M | 564.0M | 10.2M | -- | 100,000 |
| Total Financing Cash Outflow | 520.0M | 1.5B | 499.0M | 4.0M | 64,500 | -- | -- |
| Financing Cash Flow | -386.0M | 1.6B | 251.0M | 560.0M | 10.2M | -- | 100,000 |
| Net Change In Cash | -360.0M | 666.0M | -11.2M | 221.0M | 12.4M | 62.8M | 30.1M |
| Ending Cash Balance | 671.0M | 1.0B | 365.0M | 376.0M | 155.0M | 143.0M | 79.9M |
| Capex | 116.0M | 57.3M | 163.0M | 146.0M | 25.3M | 44.0M | 9.0M |