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 | 1.5B | 1.3B | 868.0M | 613.0M | 480.0M |
| Revenue Growth % | 19.0% | 45.3% | 41.6% | 27.7% | -- |
| Total Revenue | 1.5B | 1.3B | 868.0M | 613.0M | 480.0M |
| Cost Of Revenue | 1.1B | 865.0M | 548.0M | 394.0M | 280.0M |
| Gross Profit | 384.0M | 396.0M | 320.0M | 219.0M | 200.0M |
| Gross Margin % | 25.6% | 31.4% | 36.9% | 35.7% | 41.7% |
| Total Operating Cost | 1.3B | 1.0B | 672.0M | 472.0M | 350.0M |
| Selling Expenses | 8.2M | 5.5M | 4.6M | 4.9M | 3.5M |
| Admin Expenses | 87.5M | 68.5M | 57.6M | 31.7M | 25.4M |
| Rd Expenses | 36.8M | 31.9M | 27.4M | 24.1M | 18.8M |
| Finance Expenses | 86.3M | 68.6M | 29.5M | 14.3M | 20.5M |
| Operating Income | 202.0M | 227.0M | 199.0M | 146.0M | 130.0M |
| Operating Margin % | 13.5% | 18.0% | 22.9% | 23.8% | 27.1% |
| Non Operating Income | 1.4M | 3.0M | 3.3M | 5.0M | 503,700 |
| Non Operating Expenses | 5.8M | 1.0M | 1.6M | 699,600 | 273,900 |
| Investment Income | 20.2M | -2.8M | 2.9M | 4.5M | -- |
| Fair Value Change Income | 4.3M | 120,000 | -- | 526,700 | -- |
| Asset Disposal Income | 12.1M | 5.3M | 69,700 | 1.1M | -- |
| Asset Impairment Loss | 496,300 | 357,000 | -- | -- | -- |
| Other Income | 5.1M | 504,300 | 89,100 | 36,900 | 49,300 |
| Income Before Tax | 197.0M | 229.0M | 201.0M | 151.0M | 130.0M |
| Income Tax | 32.8M | 30.6M | 28.0M | 20.8M | 18.0M |
| Net Income | 164.0M | 199.0M | 173.0M | 130.0M | 112.0M |
| Net Margin % | 10.9% | 15.8% | 19.9% | 21.2% | 23.3% |
| Net Income Attributable | 137.0M | 182.0M | 169.0M | 130.0M | 112.0M |
| Minority Interest | 27.3M | 16.6M | 3.7M | -- | -- |
| Eps Basic | 0.79 | 1.08 | 1.00 | 0.86 | 1.24 |
| Eps Diluted | 0.79 | 1.08 | 1.00 | 0.86 | 1.24 |
| 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 | 231.0M | 420.0M | 135.0M | 75.6M | 26.1M |
| Trading Financial Assets | 23.4M | 365.0M | -- | 75.5M | -- |
| Accounts Receivable | 132.0M | 93.3M | 179.0M | 90.9M | 76.8M |
| Notes Receivable | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 132.0M | 93.3M | 179.0M | 90.9M | 76.8M |
| Prepayments | 5.0M | 6.3M | 11.6M | 13.1M | 5.3M |
| Inventory | 65.3M | 48.8M | 41.3M | 30.3M | 31.8M |
| Total Current Assets | 596.0M | 1.1B | 451.0M | 340.0M | 175.0M |
| Long Term Equity Investment | 236.0M | 132.0M | 135.0M | 4.8M | -- |
| Fixed Assets | -- | 2.5B | 1.9B | 737.0M | 783.0M |
| Fixed Assets Total | 3.7B | 2.5B | 1.9B | 737.0M | 783.0M |
| Construction In Progress | -- | 335.0M | 129.0M | 471.0M | -- |
| Construction In Progress Total | 145.0M | 335.0M | 129.0M | 471.0M | -- |
| Intangible Assets | -- | 46,100 | 182,700 | 254,700 | 351,400 |
| Long Term Deferred Expenses | 43.7M | 30.3M | 22.3M | 14.1M | 6.2M |
| Total Non Current Assets | 4.3B | 3.2B | 2.3B | 1.4B | 838.0M |
| Total Assets | 4.9B | 4.3B | 2.8B | 1.8B | 1.0B |
| Short Term Borrowings | 571.0M | 398.0M | 277.0M | 108.0M | 29.2M |
| Accounts Payable | 216.0M | 221.0M | 175.0M | 116.0M | 21.0M |
| Advance Receipts | 103,100 | 38,200 | 38,200 | 8.3M | -- |
| Contract Liabilities | 2.3M | 6.9M | 3.2M | -- | -- |
| Total Current Liabilities | 1.4B | 1.0B | 761.0M | 348.0M | 145.0M |
| Long Term Borrowings | 551.0M | 445.0M | 293.0M | 101.0M | 75.2M |
| Total Non Current Liabilities | 1.3B | 1.5B | 539.0M | 129.0M | 131.0M |
| Total Liabilities | 2.7B | 2.5B | 1.3B | 477.0M | 275.0M |
| Paid In Capital | 188.0M | 171.0M | 171.0M | 120.0M | 90.2M |
| Capital Reserve | 1.0B | 743.0M | 740.0M | 753.0M | 340.0M |
| Surplus Reserve | 89.2M | 75.7M | 59.8M | 43.8M | 30.8M |
| Retained Earnings | 784.0M | 680.0M | 531.0M | 394.0M | 277.0M |
| Minority Equity | 158.0M | 53.3M | 18.2M | -- | -- |
| Equity Attributable | 2.1B | 1.7B | 1.5B | 1.3B | 738.0M |
| Total Equity | 2.2B | 1.8B | 1.5B | 1.3B | 738.0M |
| 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 | 1.5B | 1.4B | 1.1B | 641.0M | 469.0M |
| Tax Refunds Received | 3.8M | -- | 13.4M | -- | -- |
| Total Operating Cash Inflow | 1.9B | 1.4B | 1.1B | 647.0M | 476.0M |
| Cash Paid For Goods | 686.0M | 577.0M | 556.0M | 284.0M | 186.0M |
| Cash Paid To Employees | 342.0M | 297.0M | 192.0M | 123.0M | 88.4M |
| Taxes Paid | 34.3M | 35.1M | 42.5M | 35.6M | 20.7M |
| Total Operating Cash Outflow | 1.4B | 943.0M | 813.0M | 461.0M | 310.0M |
| Operating Cash Flow | 442.0M | 441.0M | 327.0M | 186.0M | 166.0M |
| Total Investing Cash Inflow | 367.0M | 74.8M | 137.0M | 543.0M | 7.3M |
| Total Investing Cash Outflow | 961.0M | 1.5B | 967.0M | 1.2B | 93.1M |
| Investing Cash Flow | -594.0M | -1.5B | -830.0M | -666.0M | -85.7M |
| Cash From Borrowings | 1.0B | 857.0M | 616.0M | 203.0M | 29.1M |
| Dividends And Interest Paid | 132.0M | 87.3M | 55.0M | 14.6M | 19.7M |
| Debt Repayments | 686.0M | 495.0M | 236.0M | 79.5M | 78.3M |
| Total Financing Cash Inflow | 1.1B | 2.1B | 951.0M | 717.0M | 69.1M |
| Total Financing Cash Outflow | 1.2B | 747.0M | 408.0M | 186.0M | 141.0M |
| Financing Cash Flow | -42.2M | 1.3B | 543.0M | 531.0M | -72.0M |
| Net Change In Cash | -188.0M | 304.0M | 39.6M | 50.8M | 8.4M |
| Ending Cash Balance | 231.0M | 419.0M | 115.0M | 75.6M | 24.9M |
| Capex | 522.0M | 1.2B | 778.0M | 544.0M | 93.1M |