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 | 3.9B | 2.2B | 3.0B | 2.1B | 952.0M |
| Revenue Growth % | 77.3% | -27.0% | 40.4% | 125.3% | -- |
| Total Revenue | 3.9B | 2.2B | 3.0B | 2.1B | 952.0M |
| Cost Of Revenue | 3.5B | 1.9B | 2.5B | 1.8B | 782.0M |
| Gross Profit | 407.0M | 334.0M | 512.0M | 351.0M | 170.0M |
| Gross Margin % | 10.4% | 15.2% | 17.0% | 16.4% | 17.9% |
| Total Operating Cost | 3.7B | 2.0B | 2.6B | 1.9B | 860.0M |
| Selling Expenses | 57.0M | 49.1M | 57.2M | 35.6M | 19.7M |
| Admin Expenses | 99.7M | 91.8M | 76.2M | 57.0M | 39.2M |
| Rd Expenses | 5.7M | 6.8M | 4.0M | 2.7M | 1.8M |
| Finance Expenses | -11.6M | -1.2M | -30.1M | 9.6M | 13.9M |
| Operating Income | 139.0M | 210.0M | 418.0M | 232.0M | 101.0M |
| Operating Margin % | 3.6% | 9.5% | 13.9% | 10.8% | 10.6% |
| Non Operating Income | 2.3M | 6.6M | 121,600 | 5.4M | 17,400 |
| Non Operating Expenses | 8.4M | 967,400 | 1.2M | 2.2M | 1.9M |
| Investment Income | 9.4M | 5.5M | 6.7M | 1.1M | 29,400 |
| Fair Value Change Income | -64.9M | 254,300 | -- | -- | -- |
| Asset Disposal Income | 2.5M | 5.2M | -17,600 | 186,300 | -515,200 |
| Asset Impairment Loss | 4.3M | 3.4M | 580,100 | 557,900 | 627,500 |
| Other Income | 13.9M | 26.6M | 16.4M | 8.6M | 9.0M |
| Income Before Tax | 133.0M | 215.0M | 417.0M | 235.0M | 98.8M |
| Income Tax | 35.1M | 63.0M | 111.0M | 60.4M | 25.2M |
| Net Income | 97.5M | 152.0M | 306.0M | 175.0M | 73.7M |
| Net Margin % | 2.5% | 6.9% | 10.2% | 8.2% | 7.7% |
| Net Income Attributable | 87.8M | 150.0M | 294.0M | 168.0M | 74.2M |
| Minority Interest | 9.8M | 2.5M | 12.5M | 7.5M | -549,100 |
| Eps Basic | 0.86 | 1.44 | 3.09 | 2.15 | 0.95 |
| Eps Diluted | 0.86 | 1.44 | 3.09 | 2.15 | 0.95 |
| 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 | 794.0M | 1.1B | 713.0M | 222.0M | 92.7M |
| Trading Financial Assets | 54.4M | 125.0M | 50.0M | -- | -- |
| Accounts Receivable | 716.0M | 500.0M | 415.0M | 480.0M | 219.0M |
| Notes Receivable | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 716.0M | 500.0M | 415.0M | 480.0M | 219.0M |
| Prepayments | 301.0M | 366.0M | 71.1M | 3.3M | 4.1M |
| Inventory | 256.0M | 179.0M | 5.0M | 10.8M | 2.1M |
| Total Current Assets | 2.3B | 2.4B | 1.3B | 753.0M | 352.0M |
| Long Term Equity Investment | 102.0M | 87.1M | 45.0M | 3.4M | 2.3M |
| Fixed Assets | -- | 484.0M | 332.0M | 192.0M | 195.0M |
| Fixed Assets Total | 586.0M | 484.0M | 332.0M | 192.0M | 195.0M |
| Construction In Progress | -- | 50.2M | 8.6M | 7.4M | 2.2M |
| Construction In Progress Total | 51.6M | 50.2M | 8.6M | 7.4M | 2.2M |
| Intangible Assets | 388.0M | 383.0M | 287.0M | 169.0M | 167.0M |
| Long Term Deferred Expenses | 3.3M | 4.6M | 1.9M | 1.3M | 847,300 |
| Total Non Current Assets | 1.6B | 1.5B | 896.0M | 565.0M | 552.0M |
| Total Assets | 3.8B | 3.9B | 2.2B | 1.3B | 903.0M |
| Short Term Borrowings | 905.0M | 343.0M | 105.0M | 176.0M | 151.0M |
| Accounts Payable | 287.0M | 218.0M | 188.0M | 293.0M | 119.0M |
| Advance Receipts | 568,000 | -- | 37,500 | 641,400 | -- |
| Contract Liabilities | 76.7M | 112.0M | 6.9M | 4.9M | 893,500 |
| Total Current Liabilities | 1.9B | 1.9B | 410.0M | 539.0M | 307.0M |
| Long Term Borrowings | 46.1M | 65.3M | -- | -- | -- |
| Total Non Current Liabilities | 153.0M | 181.0M | 41.5M | 24.1M | 15.8M |
| Total Liabilities | 2.0B | 2.0B | 452.0M | 563.0M | 323.0M |
| Paid In Capital | 104.0M | 104.0M | 104.0M | 77.9M | 77.9M |
| Capital Reserve | 916.0M | 916.0M | 916.0M | 281.0M | 281.0M |
| Surplus Reserve | 50.5M | 50.5M | 33.6M | 8.9M | 2.9M |
| Retained Earnings | 672.0M | 682.0M | 581.0M | 343.0M | 181.0M |
| Minority Equity | 127.0M | 125.0M | 107.0M | 44.7M | 37.8M |
| Equity Attributable | 1.7B | 1.8B | 1.6B | 711.0M | 543.0M |
| Total Equity | 1.8B | 1.9B | 1.7B | 755.0M | 581.0M |
| 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 | 7.9B | 2.4B | 3.1B | 1.8B | 879.0M |
| Tax Refunds Received | 96.3M | 8.6M | 6.7M | 2.7M | 4.0M |
| Total Operating Cash Inflow | 8.3B | 2.5B | 3.1B | 1.9B | 899.0M |
| Cash Paid For Goods | 8.4B | 1.7B | 2.5B | 1.5B | 660.0M |
| Cash Paid To Employees | 211.0M | 197.0M | 148.0M | 104.0M | 74.8M |
| Taxes Paid | 99.9M | 88.6M | 120.0M | 61.0M | 39.1M |
| Total Operating Cash Outflow | 8.8B | 2.1B | 2.8B | 1.7B | 795.0M |
| Operating Cash Flow | -448.0M | 411.0M | 265.0M | 146.0M | 104.0M |
| Total Investing Cash Inflow | 472.0M | 391.0M | 1.0B | 318,000 | 800,500 |
| Total Investing Cash Outflow | 469.0M | 1.0B | 1.4B | 23.8M | 113.0M |
| Investing Cash Flow | 3.5M | -643.0M | -374.0M | -23.5M | -112.0M |
| Cash From Borrowings | 1.1B | 644.0M | 260.0M | 194.0M | 158.0M |
| Dividends And Interest Paid | 126.0M | 46.0M | 36.4M | 6.6M | 7.1M |
| Debt Repayments | 556.0M | 359.0M | 336.0M | 169.0M | 168.0M |
| Total Financing Cash Inflow | 1.1B | 660.0M | 1.0B | 204.0M | 161.0M |
| Total Financing Cash Outflow | 746.0M | 414.0M | 428.0M | 184.0M | 190.0M |
| Financing Cash Flow | 387.0M | 245.0M | 587.0M | 20.0M | -29.7M |
| Net Change In Cash | -43.3M | 23.4M | 491.0M | 139.0M | -44.8M |
| Ending Cash Balance | 693.0M | 736.0M | 713.0M | 222.0M | 82.3M |
| Capex | 94.6M | 266.0M | 59.5M | 23.8M | 113.0M |