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 | 3.6B | 2.7B | 1.4B | 524.0M |
| Revenue Growth % | 9.4% | 32.1% | 96.3% | 165.5% | -- |
| Total Revenue | 3.9B | 3.6B | 2.7B | 1.4B | 524.0M |
| Cost Of Revenue | 3.4B | 3.2B | 2.5B | 1.2B | 416.0M |
| Gross Profit | 584.0M | 398.0M | 263.0M | 191.0M | 108.0M |
| Gross Margin % | 14.8% | 11.0% | 9.6% | 13.7% | 20.6% |
| Total Operating Cost | 3.8B | 3.5B | 2.6B | 1.4B | 547.0M |
| Selling Expenses | 53.0M | 25.0M | 32.1M | 10.6M | 8.6M |
| Admin Expenses | 256.0M | 215.0M | 142.0M | 111.0M | 81.9M |
| Rd Expenses | 56.2M | 39.5M | 38.4M | 63.3M | 35.9M |
| Finance Expenses | 26.6M | 13.9M | -66.6M | -22.1M | 62.7M |
| Operating Income | 168.0M | 144.0M | 149.0M | 23.7M | 39.2M |
| Operating Margin % | 4.3% | 4.0% | 5.5% | 1.7% | 7.5% |
| Non Operating Income | 3.9M | 2.4M | 4.4M | 747,800 | 7.2M |
| Non Operating Expenses | 4.1M | 5.2M | 4.0M | 4.0M | 28.8M |
| Investment Income | 14.9M | 14.9M | 6.2M | 5.6M | 59.4M |
| Fair Value Change Income | -- | -- | -1.1M | -- | -- |
| Asset Disposal Income | -1.8M | 419,200 | 11.9M | 46,900 | -152,000 |
| Asset Impairment Loss | 18.5M | -6.6M | 26.4M | 436,200 | -32.0M |
| Other Income | 19.0M | 22.8M | 14.5M | 13.1M | 3.8M |
| Income Before Tax | 168.0M | 141.0M | 150.0M | 20.4M | 17.6M |
| Income Tax | 28.0M | 37.7M | 9.1M | -6.1M | -8.7M |
| Net Income | 140.0M | 103.0M | 141.0M | 26.5M | 26.3M |
| Net Margin % | 3.5% | 2.9% | 5.2% | 1.9% | 5.0% |
| Net Income Attributable | 139.0M | 102.0M | 138.0M | 26.0M | 25.6M |
| Minority Interest | 1.5M | 1.5M | 2.3M | 485,400 | 706,700 |
| Eps Basic | 0.08 | 0.06 | 0.08 | 0.02 | 0.03 |
| Eps Diluted | 0.08 | 0.06 | 0.08 | 0.02 | 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 | 628.0M | 890.0M | 600.0M | 400.0M | 411.0M |
| Trading Financial Assets | 5.0M | 2.0M | 5.0M | -- | -- |
| Accounts Receivable | 461.0M | 344.0M | 206.0M | 282.0M | 144.0M |
| Notes Receivable | 112.0M | 40.5M | -- | 14.8M | 15.9M |
| Notes And Accounts Receivable | 573.0M | 384.0M | 206.0M | 296.0M | 160.0M |
| Prepayments | 539.0M | 379.0M | 392.0M | 95.7M | 65.7M |
| Inventory | 297.0M | 368.0M | 316.0M | 196.0M | 99.7M |
| Total Current Assets | 3.3B | 3.0B | 2.6B | 1.3B | 915.0M |
| Long Term Equity Investment | 108.0M | 103.0M | 96.0M | 38.3M | 12.9M |
| Fixed Assets | -- | 664.0M | 577.0M | 398.0M | 354.0M |
| Fixed Assets Total | 799.0M | 664.0M | 577.0M | 398.0M | 354.0M |
| Construction In Progress | -- | 132.0M | 121.0M | 17.0M | 40.9M |
| Construction In Progress Total | 25.6M | 132.0M | 121.0M | 17.0M | 40.9M |
| Intangible Assets | 79.1M | 78.4M | 77.4M | 92.5M | 94.9M |
| Long Term Deferred Expenses | 14.8M | 19.7M | 12.0M | 15.3M | 11.9M |
| Total Non Current Assets | 1.4B | 1.3B | 1.2B | 1.2B | 1.1B |
| Total Assets | 4.7B | 4.3B | 3.8B | 2.5B | 2.0B |
| Short Term Borrowings | 645.0M | 456.0M | 201.0M | 185.0M | 64.9M |
| Accounts Payable | 699.0M | 633.0M | 577.0M | 209.0M | 108.0M |
| Advance Receipts | -- | -- | -- | -- | 1.6M |
| Contract Liabilities | 601.0M | 522.0M | 531.0M | 127.0M | 87.2M |
| Total Current Liabilities | 2.4B | 2.2B | 1.8B | 681.0M | 354.0M |
| Long Term Borrowings | 67.0M | 24.5M | 19.6M | 48.6M | 19.6M |
| Total Non Current Liabilities | 174.0M | 223.0M | 274.0M | 96.6M | 37.7M |
| Total Liabilities | 2.6B | 2.4B | 2.0B | 777.0M | 392.0M |
| Paid In Capital | 1.7B | 1.7B | 1.7B | 1.7B | 1.7B |
| Capital Reserve | 1.6B | 1.6B | 1.6B | 1.6B | 1.6B |
| Surplus Reserve | 41.2M | 41.2M | 41.2M | 41.2M | 41.2M |
| Retained Earnings | -1.4B | -1.5B | -1.6B | -1.8B | -1.8B |
| Minority Equity | 15.2M | 14.1M | 7.0M | -4.0M | -350,600 |
| Equity Attributable | 2.1B | 1.9B | 1.8B | 1.7B | 1.6B |
| Total Equity | 2.1B | 1.9B | 1.8B | 1.7B | 1.6B |
| 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 | 4.0B | 3.8B | 3.5B | 1.4B | 558.0M |
| Tax Refunds Received | 72.5M | 20.2M | 25.9M | 1.8M | 20.4M |
| Total Operating Cash Inflow | 4.3B | 4.3B | 3.9B | 1.7B | 846.0M |
| Cash Paid For Goods | 3.9B | 3.4B | 2.8B | 1.2B | 528.0M |
| Cash Paid To Employees | 329.0M | 236.0M | 181.0M | 160.0M | 110.0M |
| Taxes Paid | 84.8M | 98.3M | 95.6M | 42.8M | 28.2M |
| Total Operating Cash Outflow | 4.7B | 4.2B | 3.6B | 1.9B | 974.0M |
| Operating Cash Flow | -360.0M | 130.0M | 343.0M | -185.0M | -129.0M |
| Total Investing Cash Inflow | 26.2M | 36.7M | 89.5M | 4.1M | 3.0M |
| Total Investing Cash Outflow | 92.1M | 138.0M | 261.0M | 81.2M | 256.0M |
| Investing Cash Flow | -66.0M | -101.0M | -172.0M | -77.1M | -253.0M |
| Cash From Borrowings | 509.0M | 528.0M | 205.0M | 255.0M | 24.8M |
| Dividends And Interest Paid | 36.7M | 14.5M | 7.5M | 10.4M | 32.4M |
| Debt Repayments | 479.0M | 244.0M | 218.0M | 108.0M | 240.0M |
| Total Financing Cash Inflow | 748.0M | 712.0M | 240.0M | 256.0M | 924.0M |
| Total Financing Cash Outflow | 593.0M | 409.0M | 337.0M | 141.0M | 273.0M |
| Financing Cash Flow | 154.0M | 303.0M | -96.6M | 115.0M | 651.0M |
| Net Change In Cash | -266.0M | 333.0M | 74.8M | -147.0M | 270.0M |
| Ending Cash Balance | 314.0M | 580.0M | 248.0M | 173.0M | 320.0M |
| Capex | 70.0M | 77.0M | 54.1M | 57.0M | 5.6M |