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 | 1.1B | 646.0M | 581.0M | 700.0M | 458.0M |
| Revenue Growth % | 74.6% | 11.2% | -17.0% | 52.8% | -- |
| Total Revenue | 1.1B | 646.0M | 581.0M | 700.0M | 458.0M |
| Cost Of Revenue | 939.0M | 503.0M | 489.0M | 592.0M | 389.0M |
| Gross Profit | 189.0M | 143.0M | 92.0M | 108.0M | 69.0M |
| Gross Margin % | 16.8% | 22.1% | 15.8% | 15.4% | 15.1% |
| Total Operating Cost | 1.1B | 617.0M | 546.0M | 676.0M | 456.0M |
| Selling Expenses | 22.2M | 10.9M | 7.2M | 6.4M | 4.6M |
| Admin Expenses | 70.6M | 66.2M | 35.8M | 44.0M | 35.4M |
| Rd Expenses | 38.1M | 20.8M | 18.0M | 22.1M | 15.6M |
| Finance Expenses | 9.2M | -2.6M | -5.3M | 3.8M | 3.3M |
| Operating Income | 42.1M | 30.3M | 29.9M | 27.2M | 5.0M |
| Operating Margin % | 3.7% | 4.7% | 5.1% | 3.9% | 1.1% |
| Non Operating Income | 2.9M | 94,100 | 38,500 | 629,400 | 1.7M |
| Non Operating Expenses | 2.1M | 2.7M | 13.6M | 806,600 | 57,400 |
| Investment Income | 1.6M | -1.1M | -5.9M | 1.1M | 820,100 |
| Fair Value Change Income | -- | -- | -106,500 | 32,000 | -- |
| Asset Disposal Income | 1.9M | -2,200 | -- | -- | -- |
| Asset Impairment Loss | 7.1M | 12.9M | -143,500 | 2.6M | 3.3M |
| Other Income | 4.3M | 2.2M | 1.5M | 1.5M | 2.3M |
| Income Before Tax | 43.0M | 27.7M | 16.4M | 27.1M | 6.7M |
| Income Tax | -1.2M | 1.4M | 323,100 | -27,000 | 175,200 |
| Net Income | 44.2M | 26.3M | 16.1M | 27.1M | 6.5M |
| Net Margin % | 3.9% | 4.1% | 2.8% | 3.9% | 1.4% |
| Net Income Attributable | 33.9M | 26.4M | 16.1M | 27.1M | 6.5M |
| Minority Interest | 10.3M | -167,300 | -- | -- | -- |
| Eps Basic | 0.15 | 0.11 | 0.07 | 0.11 | 0.03 |
| Eps Diluted | 0.15 | 0.11 | 0.07 | 0.11 | 0.03 |
| 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 | 135.0M | 141.0M | 88.2M | 157.0M | 98.0M |
| Trading Financial Assets | -- | -- | -- | 32,000 | -- |
| Accounts Receivable | 374.0M | 304.0M | 144.0M | 192.0M | 140.0M |
| Notes Receivable | 5.7M | 4.8M | 18.6M | 8.3M | 18.0M |
| Notes And Accounts Receivable | 380.0M | 309.0M | 163.0M | 200.0M | 158.0M |
| Prepayments | 3.7M | 2.9M | 3.5M | 3.2M | 4.5M |
| Inventory | 155.0M | 119.0M | 75.4M | 93.4M | 55.1M |
| Total Current Assets | 728.0M | 607.0M | 355.0M | 486.0M | 330.0M |
| Long Term Equity Investment | 3.6M | 4.3M | 5.1M | 4.7M | 5.1M |
| Fixed Assets | -- | 250.0M | 191.0M | 182.0M | 163.0M |
| Fixed Assets Total | 912.0M | 250.0M | 191.0M | 183.0M | 164.0M |
| Construction In Progress | -- | 379.0M | 168.0M | 92.9M | 81.9M |
| Construction In Progress Total | 74.5M | 379.0M | 168.0M | 92.9M | 81.9M |
| Intangible Assets | 78.2M | 82.0M | 15.4M | 10.2M | 9.8M |
| Long Term Deferred Expenses | 1.2M | -- | -- | -- | -- |
| Total Non Current Assets | 1.2B | 895.0M | 405.0M | 302.0M | 265.0M |
| Total Assets | 2.0B | 1.5B | 760.0M | 788.0M | 595.0M |
| Short Term Borrowings | 12.4M | 25.6M | -- | -- | 25.0M |
| Accounts Payable | 436.0M | 302.0M | 183.0M | 212.0M | 87.9M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 2.2M | 2.9M | 1.9M | 1.8M | 1.1M |
| Total Current Liabilities | 736.0M | 575.0M | 294.0M | 352.0M | 187.0M |
| Long Term Borrowings | 433.0M | 160.0M | 15.2M | -- | -- |
| Total Non Current Liabilities | 460.0M | 196.0M | 23.5M | 9.7M | 10.4M |
| Total Liabilities | 1.2B | 771.0M | 318.0M | 362.0M | 197.0M |
| Paid In Capital | 246.0M | 246.0M | 246.0M | 246.0M | 246.0M |
| Capital Reserve | 298.0M | 302.0M | 302.0M | 302.0M | 302.0M |
| Surplus Reserve | 20.9M | 20.9M | 20.9M | 20.9M | 20.9M |
| Retained Earnings | -67.7M | -102.0M | -128.0M | -144.0M | -171.0M |
| Minority Equity | 277.0M | 280.0M | -- | -- | -147,000 |
| Equity Attributable | 481.0M | 451.0M | 442.0M | 426.0M | 398.0M |
| Total Equity | 758.0M | 732.0M | 442.0M | 426.0M | 398.0M |
| 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 | 1.0B | 628.0M | 584.0M | 621.0M | 441.0M |
| Tax Refunds Received | 15.3M | 11.4M | 24.3M | 17.2M | 8.0M |
| Total Operating Cash Inflow | 1.1B | 652.0M | 610.0M | 640.0M | 454.0M |
| Cash Paid For Goods | 726.0M | 379.0M | 470.0M | 397.0M | 320.0M |
| Cash Paid To Employees | 235.0M | 133.0M | 109.0M | 135.0M | 107.0M |
| Taxes Paid | 18.2M | 8.4M | 2.4M | 4.0M | 4.2M |
| Total Operating Cash Outflow | 1.0B | 550.0M | 587.0M | 544.0M | 439.0M |
| Operating Cash Flow | 34.2M | 102.0M | 22.5M | 96.5M | 14.7M |
| Total Investing Cash Inflow | 2.3M | 6.6M | 3.9M | 3.5M | 1.5M |
| Total Investing Cash Outflow | 346.0M | 217.0M | 100.0M | 31.9M | 10.7M |
| Investing Cash Flow | -343.0M | -211.0M | -96.2M | -28.3M | -9.3M |
| Cash From Borrowings | 365.0M | 179.0M | 15.2M | -- | 25.0M |
| Dividends And Interest Paid | 24.5M | 1.9M | -- | 287,800 | 712,300 |
| Debt Repayments | 53.0M | 500,000 | -- | 25.0M | -- |
| Total Financing Cash Inflow | 387.0M | 192.0M | 15.2M | -- | 25.0M |
| Total Financing Cash Outflow | 103.0M | 23.4M | -- | 25.3M | 712,300 |
| Financing Cash Flow | 284.0M | 168.0M | 15.2M | -25.3M | 24.3M |
| Net Change In Cash | -23.1M | 60.3M | -53.9M | 42.0M | 29.1M |
| Ending Cash Balance | 107.0M | 130.0M | 69.4M | 123.0M | 81.4M |
| Capex | 296.0M | 178.0M | 100.0M | 31.9M | 10.7M |