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 | 980.0M | 717.0M | 534.0M | 355.0M | 254.0M |
| Revenue Growth % | 36.7% | 34.3% | 50.4% | 39.8% | -- |
| Total Revenue | 980.0M | 717.0M | 534.0M | 355.0M | 254.0M |
| Cost Of Revenue | 219.0M | 211.0M | 142.0M | 107.0M | 86.5M |
| Gross Profit | 761.0M | 506.0M | 392.0M | 248.0M | 167.5M |
| Gross Margin % | 77.7% | 70.6% | 73.4% | 69.9% | 65.9% |
| Total Operating Cost | 930.0M | 1.1B | 1.2B | 924.0M | 759.0M |
| Selling Expenses | 93.0M | 62.8M | 50.2M | 42.0M | 31.7M |
| Admin Expenses | 187.0M | 266.0M | 255.0M | 181.0M | 240.0M |
| Rd Expenses | 324.0M | 474.0M | 699.0M | 558.0M | 276.0M |
| Finance Expenses | 77.8M | 81.7M | 26.8M | 29.1M | 119.0M |
| Operating Income | 44.5M | -377.0M | -601.0M | -545.0M | -475.0M |
| Operating Margin % | 4.5% | -52.6% | -112.5% | -153.5% | -187.0% |
| Non Operating Income | 229,100 | 117,200 | 121,900 | 135,500 | 44,200 |
| Non Operating Expenses | 1.8M | 3.3M | 313,500 | 856,700 | 1.3M |
| Investment Income | -29.6M | -297,500 | 8.2M | 225,400 | 3.4M |
| Fair Value Change Income | 13.7M | 5.0M | 23.2M | 11.3M | 22.1M |
| Asset Disposal Income | -5,000 | 2.1M | 3,300 | 778,700 | -- |
| Asset Impairment Loss | 6.1M | 9.4M | 3.4M | 1.8M | 2.6M |
| Other Income | 9.8M | 11.4M | 15.1M | 12.6M | 4.6M |
| Income Before Tax | 42.9M | -380.0M | -601.0M | -546.0M | -477.0M |
| Income Tax | 9.4M | 2.8M | 804,000 | -- | -- |
| Net Income | 33.5M | -383.0M | -602.0M | -546.0M | -477.0M |
| Net Margin % | 3.4% | -53.4% | -112.7% | -153.8% | -187.8% |
| Net Income Attributable | 33.5M | -383.0M | -602.0M | -546.0M | -428.0M |
| Minority Interest | -4,900 | -1,000 | -212,200 | -66,500 | -48.6M |
| Eps Basic | 0.08 | -0.96 | -1.58 | -1.51 | -1.68 |
| Eps Diluted | 0.08 | -0.96 | -1.58 | -1.51 | -1.68 |
| 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 | 404.0M | 418.0M | 627.0M | 466.0M | 750.0M |
| Accounts Receivable | 229.0M | 142.0M | 108.0M | 103.0M | 67.2M |
| Notes Receivable | 159,900 | 178,800 | -- | -- | -- |
| Notes And Accounts Receivable | 230.0M | 142.0M | 108.0M | 103.0M | 67.2M |
| Prepayments | 8.9M | 9.9M | 27.6M | 28.4M | 25.8M |
| Inventory | 110.0M | 98.0M | 108.0M | 96.4M | 54.9M |
| Total Current Assets | 817.0M | 723.0M | 919.0M | 874.0M | 1.1B |
| Long Term Equity Investment | 159.0M | 188.0M | 198.0M | 9.7M | 10.1M |
| Fixed Assets | 1.1B | 1.1B | 983.0M | -- | 782.0M |
| Fixed Assets Total | 1.1B | 1.1B | 983.0M | 962.0M | 782.0M |
| Construction In Progress | 1.7M | 2.4M | 263.0M | -- | 188.0M |
| Construction In Progress Total | 1.7M | 2.4M | 263.0M | 175.0M | 188.0M |
| Intangible Assets | 61.1M | 69.7M | 73.4M | 49.9M | 47.4M |
| Long Term Deferred Expenses | 96.3M | 137.0M | 92.0M | 124.0M | 19.9M |
| Total Non Current Assets | 1.6B | 1.7B | 1.9B | 1.4B | 1.2B |
| Total Assets | 2.4B | 2.4B | 2.8B | 2.3B | 2.3B |
| Short Term Borrowings | 181.0M | 156.0M | 120.0M | -- | -- |
| Accounts Payable | 69.7M | 115.0M | 106.0M | 53.9M | 34.8M |
| Contract Liabilities | 102.0M | 69.2M | 56.4M | 61.6M | 47.5M |
| Total Current Liabilities | 535.0M | 578.0M | 606.0M | 447.0M | 328.0M |
| Long Term Borrowings | 156.0M | 129.0M | -- | -- | -- |
| Total Non Current Liabilities | 1.0B | 1.1B | 1.0B | 604.0M | 540.0M |
| Total Liabilities | 1.6B | 1.7B | 1.6B | 1.1B | 868.0M |
| Paid In Capital | 399.0M | 399.0M | 399.0M | 375.0M | 360.0M |
| Capital Reserve | 2.2B | 2.2B | 2.2B | 1.7B | 1.4B |
| Retained Earnings | -1.8B | -1.8B | -1.4B | -802.0M | -257.0M |
| Minority Equity | 4.5M | 4.5M | 4.6M | 4.8M | 4.8M |
| Equity Attributable | 834.0M | 786.0M | 1.1B | 1.2B | 1.5B |
| Total Equity | 839.0M | 790.0M | 1.2B | 1.3B | 1.5B |
| 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 | 978.0M | 744.0M | 576.0M | 345.0M | 241.0M |
| Tax Refunds Received | 819,100 | 6.5M | 63.0M | 48.3M | 6.6M |
| Total Operating Cash Inflow | 992.0M | 774.0M | 655.0M | 416.0M | 262.0M |
| Cash Paid For Goods | 320.0M | 312.0M | 438.0M | 395.0M | 228.0M |
| Cash Paid To Employees | 313.0M | 388.0M | 422.0M | 294.0M | 191.0M |
| Taxes Paid | 34.9M | 11.2M | 4.3M | 3.4M | 2.1M |
| Total Operating Cash Outflow | 781.0M | 851.0M | 958.0M | 782.0M | 492.0M |
| Operating Cash Flow | 211.0M | -76.6M | -303.0M | -366.0M | -231.0M |
| Total Investing Cash Inflow | 9.8M | 26.3M | 103.0M | 655.0M | 1.4B |
| Total Investing Cash Outflow | 147.0M | 127.0M | 257.0M | 739.0M | 1.6B |
| Investing Cash Flow | -137.0M | -100.0M | -154.0M | -84.1M | -183.0M |
| Cash From Borrowings | 236.0M | 320.0M | 150.0M | -- | -- |
| Dividends And Interest Paid | 15.2M | 5.0M | 4.1M | -- | -- |
| Debt Repayments | 177.0M | 146.0M | 30.0M | -- | 16.9M |
| Total Financing Cash Inflow | 239.0M | 320.0M | 731.0M | 311.0M | 948.0M |
| Total Financing Cash Outflow | 331.0M | 358.0M | 143.0M | 91.6M | 79.9M |
| Financing Cash Flow | -92.0M | -37.8M | 587.0M | 219.0M | 868.0M |
| Net Change In Cash | -15.1M | -211.0M | 144.0M | -231.0M | 451.0M |
| Ending Cash Balance | 384.0M | 400.0M | 611.0M | 466.0M | 697.0M |
| Capex | 37.1M | 127.0M | 240.0M | 199.0M | 296.0M |