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 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.9B | 3.6B | 3.6B | 2.4B | 1.7B | 1.2B | 910.0M | 469.0M | 168.0M | 124.0M | 100.0M | 75.0M | 49.6M |
| Revenue Growth % | -24.5% | -46.3% | -1.2% | 49.5% | 40.2% | 44.4% | 30.8% | 94.0% | 179.2% | 35.5% | 24.0% | 33.3% | 51.3% | -- |
| Total Revenue | 1.4B | 1.9B | 3.6B | 3.6B | 2.4B | 1.7B | 1.2B | 910.0M | 469.0M | 168.0M | 124.0M | 100.0M | 75.0M | 49.6M |
| Cost Of Revenue | 1.3B | 1.6B | 3.2B | 3.1B | 1.9B | 1.2B | 776.0M | 684.0M | 361.0M | 103.0M | 71.7M | 49.6M | 32.8M | 23.0M |
| Gross Profit | 137.0M | 272.0M | 370.0M | 538.0M | 494.0M | 539.0M | 414.0M | 226.0M | 108.0M | 65.0M | 52.3M | 50.4M | 42.2M | 26.6M |
| Gross Margin % | 9.5% | 14.2% | 10.4% | 14.9% | 20.5% | 31.4% | 34.8% | 24.8% | 23.0% | 38.7% | 42.2% | 50.4% | 56.2% | 53.6% |
| Total Operating Cost | 1.6B | 1.9B | 3.4B | 3.3B | 2.1B | 1.4B | 988.0M | 779.0M | 411.0M | 143.0M | 103.0M | 76.2M | 57.4M | 40.4M |
| Selling Expenses | 30.5M | 57.0M | 27.4M | 38.1M | 21.5M | 20.8M | 18.0M | 11.8M | 6.5M | 5.7M | 5.3M | 4.8M | 4.5M | 3.1M |
| Admin Expenses | 70.6M | 61.8M | 65.6M | 72.9M | 65.3M | 89.1M | 116.0M | 46.0M | 36.2M | 22.1M | 19.9M | 18.9M | 16.9M | 11.8M |
| Rd Expenses | 37.9M | 56.1M | 52.8M | 52.3M | 46.7M | 57.7M | 47.6M | 23.7M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 46.3M | 49.2M | 71.5M | 44.5M | 40.9M | 30.8M | 15.3M | 8.4M | 4.5M | 300,600 | -20,400 | -46,900 | 57,900 | 4,400 |
| Operating Income | -119.0M | -15.7M | 127.0M | 281.0M | 275.0M | 305.0M | 203.0M | 132.0M | 58.3M | 25.5M | 22.0M | 24.1M | 17.6M | 9.1M |
| Operating Margin % | -8.2% | -0.8% | 3.6% | 7.8% | 11.4% | 17.8% | 17.1% | 14.5% | 12.4% | 15.2% | 17.7% | 24.1% | 23.4% | 18.3% |
| Non Operating Income | 2.4M | 3.9M | 4.3M | 371,400 | 758,100 | 7.4M | 2.5M | 6.9M | 2.8M | 5.7M | 2.5M | 2.8M | 3.2M | 578,800 |
| Non Operating Expenses | 18.6M | 13.6M | 1.3M | 3.3M | 1.3M | 654,900 | 844,800 | 166,500 | 142,000 | 127,000 | 131,200 | 104,900 | 92,200 | 51,400 |
| Investment Income | 153,100 | 8.5M | 753,500 | 6.3M | -186,500 | -1.3M | -388,000 | 1.7M | -- | 72,900 | 444,900 | -- | 11,900 | -93,800 |
| Fair Value Change Income | -- | -10.6M | 1.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 131,900 | 53,800 | -- | 380,800 | -54,000 | -90,900 | -26,700 | -33,800 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 33.9M | 57.6M | 19.0M | 20.2M | 20.2M | 953,200 | 11.0M | 2.4M | 1.4M | 11.1M | 4.2M | 210,900 | 506,200 | 480,900 |
| Other Income | 1.3M | 9.1M | 13.7M | 17.3M | 9.3M | 2.1M | 535,700 | -- | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -135.0M | -25.4M | 130.0M | 278.0M | 274.0M | 311.0M | 204.0M | 139.0M | 60.9M | 31.1M | 24.4M | 26.8M | 20.7M | 9.6M |
| Income Tax | -19.6M | 15.8M | 8.2M | 42.4M | 36.3M | 42.7M | 35.5M | 32.9M | 12.6M | 5.3M | 4.0M | 4.1M | 3.3M | 1.7M |
| Net Income | -116.0M | -41.2M | 121.0M | 236.0M | 238.0M | 269.0M | 169.0M | 106.0M | 48.3M | 25.7M | 20.3M | 22.7M | 17.4M | 7.8M |
| Net Margin % | -8.0% | -2.2% | 3.4% | 6.6% | 9.9% | 15.7% | 14.2% | 11.6% | 10.3% | 15.3% | 16.4% | 22.7% | 23.1% | 15.8% |
| Net Income Attributable | -116.0M | -38.8M | 122.0M | 244.0M | 211.0M | 213.0M | 171.0M | 97.9M | 48.4M | 25.8M | 20.3M | 22.7M | 17.4M | 7.8M |
| Minority Interest | 232,300 | -2.4M | -1.0M | -7.9M | 27.5M | 55.9M | -2.4M | 8.1M | -116,400 | -27,500 | -- | -- | -- | -- |
| Eps Basic | -0.83 | -0.28 | 0.88 | 1.96 | 1.69 | 1.76 | 1.43 | 0.82 | 0.81 | 0.86 | 0.68 | 0.76 | 0.60 | -- |
| Eps Diluted | -0.83 | -0.28 | 0.88 | 1.96 | 1.69 | 1.76 | 1.43 | 0.82 | -- | 0.86 | 0.68 | 0.76 | 0.60 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 141.0M | 295.0M | 484.0M | 724.0M | 428.0M | 697.0M | 449.0M | 292.0M | 193.0M | 44.0M | 36.6M | 32.6M | 11.3M | 2.7M |
| Accounts Receivable | 1.4B | 1.9B | 2.4B | 2.3B | 1.4B | 886.0M | 422.0M | 117.0M | 96.5M | 68.7M | 36.6M | 27.2M | 38.8M | 22.9M |
| Notes Receivable | 8.1M | 33.0M | 87.2M | 192.0M | -- | -- | 10.3M | -- | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 1.4B | 1.9B | 2.5B | 2.5B | 1.4B | 886.0M | 433.0M | 117.0M | 96.5M | 68.7M | 36.6M | 27.2M | 38.8M | 22.9M |
| Prepayments | 80.7M | 149.0M | 72.4M | 118.0M | 135.0M | 39.3M | 55.0M | 22.5M | 17.5M | 14.0M | 15.4M | 6.4M | 1.1M | 1.1M |
| Inventory | 593.0M | 322.0M | 386.0M | 312.0M | 144.0M | 115.0M | 34.0M | 2.7M | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 2.5B | 2.9B | 3.6B | 3.8B | 2.4B | 1.8B | 991.0M | 489.0M | 309.0M | 133.0M | 95.4M | 69.1M | 56.1M | 43.7M |
| Long Term Equity Investment | 67.4M | 87.3M | 120.0M | 114.0M | 84.5M | 84.1M | 5.8M | -- | -- | -- | -- | -- | -- | 220,600 |
| Fixed Assets | -- | 47.6M | 54.6M | 59.4M | 62.8M | 63.9M | 59.9M | 49.5M | 20.2M | 530,500 | 337,300 | 394,700 | 597,600 | 613,300 |
| Fixed Assets Total | 355.0M | 47.6M | 54.6M | 59.4M | 62.8M | 63.9M | 59.9M | 49.5M | 20.2M | 530,500 | 337,300 | 394,700 | 597,600 | 613,300 |
| Construction In Progress | -- | 176.0M | 86.5M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 313,000 | 176.0M | 86.5M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 28.4M | 31.8M | 50.4M | 49.6M | 36.1M | 51.7M | 70.9M | 67.0M | 8.0M | 3.1M | 4.4M | 6.3M | 2.6M | 3.3M |
| Long Term Deferred Expenses | 974,400 | 259,900 | 814,700 | 1.3M | 7.9M | 25.5M | 2.7M | 3.3M | 7.7M | 3.3M | 2.2M | 2.1M | 604,400 | 211,500 |
| Total Non Current Assets | 1.0B | 578.0M | 478.0M | 371.0M | 375.0M | 422.0M | 283.0M | 226.0M | 37.0M | 9.8M | 9.9M | 10.8M | 4.1M | 4.5M |
| Total Assets | 3.6B | 3.5B | 4.0B | 4.1B | 2.8B | 2.2B | 1.3B | 716.0M | 346.0M | 143.0M | 105.0M | 79.9M | 60.2M | 48.2M |
| Short Term Borrowings | 682.0M | 458.0M | 976.0M | 798.0M | 915.0M | 550.0M | 95.0M | 140.0M | 10.0M | 10.0M | 8.0M | -- | -- | -- |
| Accounts Payable | 227.0M | 412.0M | 713.0M | 809.0M | 402.0M | 254.0M | 109.0M | 45.7M | 40.3M | 3.6M | 2.7M | 5.0M | 8.1M | 6.3M |
| Advance Receipts | -- | -- | -- | -- | -- | 2.7M | 1.9M | 449,500 | 869,800 | -- | -- | -- | -- | -- |
| Contract Liabilities | 8.2M | 21.7M | 5.4M | 9.8M | 19.3M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.7B | 1.7B | 2.2B | 2.4B | 2.0B | 1.2B | 585.0M | 307.0M | 79.1M | 29.1M | 17.6M | 12.5M | 13.4M | 11.3M |
| Long Term Borrowings | 249.0M | 218.0M | 212.0M | 218.0M | 48.2M | 62.8M | 11.5M | 14.8M | 8.5M | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 379.0M | 220.0M | 213.0M | 226.0M | 54.6M | 87.1M | 91.5M | 47.6M | 16.5M | -- | -- | -- | -- | -- |
| Total Liabilities | 2.1B | 1.9B | 2.4B | 2.6B | 2.0B | 1.3B | 677.0M | 355.0M | 95.7M | 29.1M | 17.6M | 12.5M | 13.4M | 11.3M |
| Paid In Capital | 140.0M | 140.0M | 140.0M | 140.0M | 125.0M | 125.0M | 120.0M | 80.0M | 40.0M | 30.0M | 30.0M | 30.0M | 30.0M | 10.0M |
| Capital Reserve | 545.0M | 552.0M | 553.0M | 558.0M | 5.0M | 233.0M | 72.2M | 50.3M | 90.3M | 11.9M | 11.9M | 11.9M | 9.4M | 10.0M |
| Surplus Reserve | 58.9M | 58.9M | 10.6M | 6.8M | 4.3M | 4.8M | 16.5M | 10.6M | 9.5M | 7.6M | 4.7M | 2.5M | 734,000 | 1.7M |
| Retained Earnings | 700.0M | 816.0M | 905.0M | 796.0M | 557.0M | 466.0M | 340.0M | 197.0M | 110.0M | 64.0M | 41.1M | 23.0M | 6.6M | 15.2M |
| Minority Equity | 3.1M | -5.9M | -6.1M | 29.4M | 57.7M | 106.0M | 57.6M | 22.4M | -143,900 | -27,500 | -- | -- | -- | -- |
| Equity Attributable | 1.4B | 1.6B | 1.6B | 1.5B | 694.0M | 829.0M | 539.0M | 338.0M | 250.0M | 113.0M | 87.7M | 67.4M | 46.7M | 36.9M |
| Total Equity | 1.4B | 1.6B | 1.6B | 1.5B | 752.0M | 934.0M | 597.0M | 361.0M | 250.0M | 113.0M | 87.7M | 67.4M | 46.7M | 36.9M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.6B | 2.9B | 3.8B | 3.3B | 1.9B | 1.3B | 997.0M | 963.0M | 474.0M | 154.0M | 125.0M | 97.6M | 57.7M | 39.7M |
| Tax Refunds Received | -- | -- | -- | -- | 249,200 | -- | 262,700 | -- | -- | -- | -- | -- | 27,700 | 30,800 |
| Total Operating Cash Inflow | 1.7B | 3.0B | 3.9B | 3.4B | 1.9B | 1.3B | 1.0B | 984.0M | 479.0M | 161.0M | 128.0M | 101.0M | 61.0M | 40.8M |
| Cash Paid For Goods | 1.9B | 2.4B | 3.8B | 3.4B | 2.0B | 1.1B | 840.0M | 690.0M | 332.0M | 108.0M | 83.0M | 50.7M | 33.1M | 23.1M |
| Cash Paid To Employees | 54.7M | 54.2M | 65.4M | 68.9M | 68.9M | 84.2M | 93.6M | 48.5M | 24.0M | 14.8M | 13.7M | 11.0M | 8.0M | 5.0M |
| Taxes Paid | 32.7M | 70.3M | 59.5M | 59.9M | 66.2M | 56.0M | 54.1M | 21.6M | 17.5M | 10.1M | 10.7M | 6.8M | 6.3M | 1.7M |
| Total Operating Cash Outflow | 2.1B | 2.8B | 4.0B | 3.6B | 2.3B | 1.4B | 1.1B | 797.0M | 396.0M | 147.0M | 121.0M | 81.0M | 59.6M | 39.7M |
| Operating Cash Flow | -412.0M | 195.0M | -159.0M | -267.0M | -327.0M | -79.1M | -49.9M | 187.0M | 82.6M | 13.6M | 7.3M | 20.3M | 1.4M | 1.1M |
| Total Investing Cash Inflow | 2.5M | 13.6M | 314.0M | 24.3M | 27.0M | 2.7M | 262.0M | 32.0M | -- | 15.1M | 29.4M | 395,000 | 3.7M | -- |
| Total Investing Cash Outflow | 145.0M | 226.0M | 422.0M | 81.1M | 69.7M | 193.0M | 303.0M | 236.0M | 32.4M | 22.8M | 38.3M | 2.3M | 1.9M | 1.6M |
| Investing Cash Flow | -142.0M | -212.0M | -108.0M | -56.8M | -42.7M | -191.0M | -40.9M | -204.0M | -32.4M | -7.7M | -8.9M | -1.9M | 1.8M | -1.6M |
| Cash From Borrowings | 1.3B | 1.1B | 1.3B | 1.2B | 923.0M | 615.0M | 95.0M | 147.0M | -- | 10.0M | 8.0M | -- | -- | -- |
| Dividends And Interest Paid | 43.5M | 43.1M | 109.0M | 58.5M | 106.0M | 63.7M | 25.7M | 12.2M | 1.8M | 501,800 | 118,700 | -- | -- | -- |
| Debt Repayments | 828.0M | 1.4B | 1.1B | 1.1B | 573.0M | 96.8M | 142.0M | 11.0M | -- | 8.0M | -- | -- | -- | -- |
| Total Financing Cash Inflow | 1.6B | 1.3B | 1.6B | 2.0B | 937.0M | 1.0B | 397.0M | 148.0M | 104.0M | 10.0M | 8.0M | 2.9M | 17.4M | 10.0M |
| Total Financing Cash Outflow | 1.2B | 1.5B | 1.7B | 1.4B | 829.0M | 505.0M | 167.0M | 30.9M | 5.5M | 8.5M | 2.4M | -- | 11.9M | 10.0M |
| Financing Cash Flow | 406.0M | -163.0M | -3.2M | 627.0M | 107.0M | 505.0M | 230.0M | 117.0M | 98.4M | 1.5M | 5.6M | 2.9M | 5.5M | -6,600 |
| Net Change In Cash | -148.0M | -180.0M | -270.0M | 303.0M | -262.0M | 235.0M | 139.0M | 99.8M | 149.0M | 7.4M | 4.0M | 21.3M | 8.7M | -491,900 |
| Ending Cash Balance | 121.0M | 269.0M | 449.0M | 719.0M | 416.0M | 679.0M | 443.0M | 292.0M | 193.0M | 44.0M | 36.6M | 32.6M | 11.3M | 2.7M |
| Capex | 134.0M | 220.0M | 105.0M | 45.7M | 42.9M | 77.2M | 79.1M | 107.0M | 32.4M | 4.1M | 1.7M | 2.3M | 919,300 | 358,900 |