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 | 1.3B | 1.5B | 926.0M | 551.0M | 332.0M |
| Revenue Growth % | -11.6% | 62.5% | 68.1% | 66.0% | -- |
| Total Revenue | 1.3B | 1.5B | 926.0M | 551.0M | 332.0M |
| Cost Of Revenue | 1.1B | 1.2B | 733.0M | 432.0M | 253.0M |
| Gross Profit | 205.0M | 334.0M | 193.0M | 119.0M | 79.0M |
| Gross Margin % | 15.4% | 22.2% | 20.8% | 21.6% | 23.8% |
| Total Operating Cost | 1.4B | 1.4B | 867.0M | 508.0M | 307.0M |
| Selling Expenses | 27.2M | 22.5M | 22.5M | 14.7M | 14.0M |
| Admin Expenses | 58.5M | 61.8M | 31.5M | 18.2M | 11.4M |
| Rd Expenses | 110.0M | 108.0M | 64.3M | 37.9M | 23.0M |
| Finance Expenses | 23.6M | 20.1M | 8.5M | -1.0M | 3.4M |
| Operating Income | -36.0M | 115.0M | 78.1M | 72.5M | 28.8M |
| Operating Margin % | -2.7% | 7.6% | 8.4% | 13.2% | 8.7% |
| Non Operating Income | 567,100 | 95,600 | 125,200 | 104,500 | 70,500 |
| Non Operating Expenses | 1.1M | 140,800 | 353,400 | 285,900 | 97,200 |
| Investment Income | 8.6M | 1.5M | 8.8M | 1.2M | 222,900 |
| Fair Value Change Income | 390,400 | 115,800 | 672,800 | 512,000 | -- |
| Asset Disposal Income | -635,100 | 4.1M | -- | 263,400 | -- |
| Asset Impairment Loss | 52.5M | 9.0M | 927,000 | 1.9M | 114,100 |
| Other Income | 27.4M | 9.9M | 9.9M | 27.9M | 4.4M |
| Income Before Tax | -36.6M | 115.0M | 77.9M | 72.3M | 28.8M |
| Income Tax | -13.6M | 778,000 | -676,600 | 4.1M | 2.2M |
| Net Income | -22.9M | 114.0M | 78.5M | 68.2M | 26.5M |
| Net Margin % | -1.7% | 7.6% | 8.5% | 12.4% | 8.0% |
| Net Income Attributable | -14.5M | 116.0M | 78.7M | 68.8M | 26.6M |
| Minority Interest | -8.5M | -2.0M | -168,500 | -583,500 | -96,500 |
| Eps Basic | -0.07 | 0.55 | 0.52 | 0.60 | 0.38 |
| Eps Diluted | -0.07 | 0.54 | 0.52 | 0.60 | -- |
| 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 | 226.0M | 192.0M | 191.0M | 296.0M | 18.4M |
| Trading Financial Assets | 40.0M | 74.1M | 189.0M | 174.0M | -- |
| Accounts Receivable | 484.0M | 444.0M | 309.0M | 177.0M | 104.0M |
| Notes Receivable | 58.8M | 61.8M | 78.3M | 70.7M | 50.5M |
| Notes And Accounts Receivable | 543.0M | 505.0M | 387.0M | 248.0M | 154.0M |
| Prepayments | 8.1M | 15.8M | 52.2M | 30.1M | 10.7M |
| Inventory | 405.0M | 463.0M | 229.0M | 143.0M | 99.2M |
| Total Current Assets | 1.3B | 1.3B | 1.1B | 937.0M | 306.0M |
| Long Term Equity Investment | -- | 13.9M | -- | -- | -- |
| Fixed Assets | -- | 584.0M | 210.0M | 104.0M | 70.6M |
| Fixed Assets Total | 795.0M | 584.0M | 210.0M | 104.0M | 70.6M |
| Construction In Progress | -- | 230.0M | 145.0M | 78.7M | 29.1M |
| Construction In Progress Total | 202.0M | 230.0M | 145.0M | 78.7M | 29.1M |
| Intangible Assets | 28.2M | 28.1M | 11.6M | 10.3M | 8.1M |
| Long Term Deferred Expenses | 60,900 | 54,700 | 93,100 | -- | 345,500 |
| Total Non Current Assets | 1.3B | 1.1B | 605.0M | 344.0M | 118.0M |
| Total Assets | 2.6B | 2.5B | 1.7B | 1.3B | 425.0M |
| Short Term Borrowings | 355.0M | 272.0M | 246.0M | 38.4M | 57.0M |
| Accounts Payable | 394.0M | 402.0M | 289.0M | 171.0M | 107.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 4.2M | 4.8M | 3.9M | 2.4M | 1.3M |
| Total Current Liabilities | 918.0M | 846.0M | 570.0M | 284.0M | 175.0M |
| Long Term Borrowings | 20.2M | 22.1M | 40.0M | -- | -- |
| Total Non Current Liabilities | 606.0M | 500.0M | 153.0M | 120.0M | 17.7M |
| Total Liabilities | 1.5B | 1.3B | 723.0M | 404.0M | 192.0M |
| Paid In Capital | 213.0M | 152.0M | 138.0M | 98.5M | 73.9M |
| Capital Reserve | 581.0M | 647.0M | 611.0M | 640.0M | 68.1M |
| Surplus Reserve | 38.3M | 37.9M | 26.0M | 18.1M | 11.1M |
| Retained Earnings | 244.0M | 272.0M | 191.0M | 120.0M | 77.8M |
| Minority Equity | 1.9M | -2.0M | -- | -- | 1.5M |
| Equity Attributable | 1.1B | 1.1B | 966.0M | 877.0M | 231.0M |
| Total Equity | 1.1B | 1.1B | 966.0M | 877.0M | 232.0M |
| 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 | 921.0M | 848.0M | 559.0M | 279.0M | 207.0M |
| Tax Refunds Received | 1.7M | 42.4M | 12.1M | 2.0M | 1.3M |
| Total Operating Cash Inflow | 947.0M | 938.0M | 581.0M | 316.0M | 216.0M |
| Cash Paid For Goods | 581.0M | 890.0M | 533.0M | 291.0M | 146.0M |
| Cash Paid To Employees | 190.0M | 134.0M | 88.8M | 67.0M | 45.3M |
| Taxes Paid | 14.2M | 10.2M | 13.9M | 4.4M | 6.2M |
| Total Operating Cash Outflow | 825.0M | 1.1B | 662.0M | 390.0M | 212.0M |
| Operating Cash Flow | 122.0M | -148.0M | -81.4M | -74.1M | 4.4M |
| Total Investing Cash Inflow | 687.0M | 812.0M | 961.0M | 260.0M | 31.7M |
| Total Investing Cash Outflow | 813.0M | 1.1B | 1.2B | 480.0M | 67.3M |
| Investing Cash Flow | -125.0M | -305.0M | -203.0M | -219.0M | -35.6M |
| Cash From Borrowings | 369.0M | 332.0M | 286.0M | 153.0M | 71.1M |
| Dividends And Interest Paid | 24.8M | 19.5M | 33.4M | 1.5M | 3.1M |
| Debt Repayments | 390.0M | 302.0M | 76.2M | 171.0M | 99.9M |
| Total Financing Cash Inflow | 465.0M | 789.0M | 297.0M | 750.0M | 129.0M |
| Total Financing Cash Outflow | 453.0M | 332.0M | 113.0M | 190.0M | 104.0M |
| Financing Cash Flow | 11.0M | 456.0M | 184.0M | 560.0M | 24.7M |
| Net Change In Cash | 6.0M | 1.5M | -97.6M | 266.0M | -6.5M |
| Ending Cash Balance | 194.0M | 188.0M | 187.0M | 284.0M | 18.4M |
| Capex | 116.0M | 206.0M | 130.0M | 48.4M | 35.5M |