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 | 2.0B | 1.9B | 1.9B | 1.4B | 938.0M |
| Revenue Growth % | 5.2% | 0.9% | 30.7% | 51.8% | -- |
| Total Revenue | 2.0B | 1.9B | 1.9B | 1.4B | 938.0M |
| Cost Of Revenue | 1.7B | 1.6B | 1.5B | 1.1B | 718.0M |
| Gross Profit | 301.0M | 327.0M | 349.0M | 318.0M | 220.0M |
| Gross Margin % | 15.2% | 17.4% | 18.8% | 22.3% | 23.5% |
| Total Operating Cost | 2.1B | 2.0B | 1.9B | 1.4B | 896.0M |
| Selling Expenses | 77.6M | 52.1M | 39.0M | 28.8M | 23.9M |
| Admin Expenses | 87.1M | 193.0M | 119.0M | 67.3M | 67.1M |
| Rd Expenses | 153.0M | 151.0M | 132.0M | 102.0M | 53.9M |
| Finance Expenses | 5.9M | 14.6M | 9.4M | 9.0M | 7.0M |
| Operating Income | -153.0M | 207.0M | -180.0M | 42.6M | 71.4M |
| Operating Margin % | -7.7% | 11.0% | -9.7% | 3.0% | 7.6% |
| Non Operating Income | 249,300 | 79,500 | 46,100 | 39,200 | 8,000 |
| Non Operating Expenses | 739,100 | 1.0M | 346,500 | 2.4M | 175,300 |
| Investment Income | -80.1M | 329.0M | -190.0M | -49.8M | 14.0M |
| Fair Value Change Income | -8.1M | 2.0M | -2.6M | 3.5M | 1.9M |
| Asset Disposal Income | 633,000 | 322,600 | -217,900 | 84,400 | 109,400 |
| Asset Impairment Loss | 18.9M | 17.7M | 6.2M | 35,900 | 25,600 |
| Other Income | 31.3M | 17.8M | 14.5M | 20.8M | 13.8M |
| Income Before Tax | -153.0M | 206.0M | -180.0M | 40.3M | 71.2M |
| Income Tax | -17.1M | 22.8M | -10.7M | 10.2M | 10.7M |
| Net Income | -136.0M | 183.0M | -170.0M | 30.1M | 60.6M |
| Net Margin % | -6.9% | 9.7% | -9.1% | 2.1% | 6.5% |
| Net Income Attributable | -126.0M | 188.0M | -168.0M | 29.9M | 58.9M |
| Minority Interest | -10.0M | -4.6M | -2.0M | 247,400 | 1.7M |
| Eps Basic | -0.58 | 0.88 | -1.05 | 0.19 | 0.37 |
| Eps Diluted | -0.58 | 0.86 | -1.05 | 0.18 | 0.36 |
| 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 | 723.0M | 860.0M | 428.0M | 296.0M | 180.0M |
| Trading Financial Assets | -- | 160.0M | -- | -- | -- |
| Accounts Receivable | 715.0M | 626.0M | 589.0M | 527.0M | 394.0M |
| Notes Receivable | -- | 807,400 | 225,600 | -- | 18.3M |
| Notes And Accounts Receivable | 715.0M | 627.0M | 589.0M | 527.0M | 412.0M |
| Prepayments | 14.4M | 187,300 | 817,000 | 723,100 | 203,500 |
| Inventory | 230.0M | 132.0M | 119.0M | 66.5M | 32.6M |
| Total Current Assets | 1.8B | 1.8B | 1.2B | 948.0M | 656.0M |
| Long Term Equity Investment | 338.0M | 209.0M | 344.0M | 517.0M | 213.0M |
| Fixed Assets | -- | 110.0M | 122.0M | 119.0M | 110.0M |
| Fixed Assets Total | 110.0M | 110.0M | 122.0M | 119.0M | 110.0M |
| Construction In Progress | -- | 50,700 | -- | 357,900 | -- |
| Construction In Progress Total | 13.9M | 50,700 | -- | 357,900 | -- |
| Intangible Assets | 87.9M | 34.3M | 54.0M | 22.1M | 22.8M |
| Long Term Deferred Expenses | 4.9M | 1.8M | 3.2M | 5.2M | 1.9M |
| Total Non Current Assets | 773.0M | 580.0M | 663.0M | 796.0M | 450.0M |
| Total Assets | 2.6B | 2.4B | 1.9B | 1.7B | 1.1B |
| Short Term Borrowings | 589.0M | 459.0M | 303.0M | 263.0M | 125.0M |
| Accounts Payable | 145.0M | 58.2M | 87.1M | 96.7M | 86.7M |
| Advance Receipts | 31,300 | 4,100 | 4,100 | -- | -- |
| Contract Liabilities | 49.6M | 28.9M | 18.0M | 11.5M | 8.4M |
| Total Current Liabilities | 986.0M | 836.0M | 770.0M | 531.0M | 302.0M |
| Long Term Borrowings | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 17.2M | 8.3M | 9.8M | 13.6M | 1.1M |
| Total Liabilities | 1.0B | 845.0M | 780.0M | 544.0M | 303.0M |
| Paid In Capital | 217.0M | 167.0M | 160.0M | 160.0M | 106.0M |
| Capital Reserve | 1.0B | 887.0M | 632.0M | 584.0M | 265.0M |
| Surplus Reserve | 64.8M | 64.8M | 46.6M | 46.6M | 45.8M |
| Retained Earnings | 260.0M | 406.0M | 236.0M | 407.0M | 385.0M |
| Minority Equity | 9.6M | 17.1M | 4.2M | 2.1M | 1.0M |
| Equity Attributable | 1.5B | 1.5B | 1.1B | 1.2B | 802.0M |
| Total Equity | 1.6B | 1.6B | 1.1B | 1.2B | 803.0M |
| 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 | 1.9B | 1.8B | 1.9B | 1.4B | 893.0M |
| Tax Refunds Received | -- | -- | 63,500 | 240,400 | -- |
| Total Operating Cash Inflow | 2.0B | 1.9B | 2.0B | 1.5B | 1.0B |
| Cash Paid For Goods | 228.0M | 127.0M | 261.0M | 275.0M | 197.0M |
| Cash Paid To Employees | 1.6B | 1.5B | 1.5B | 971.0M | 547.0M |
| Taxes Paid | 144.0M | 111.0M | 117.0M | 77.6M | 43.6M |
| Total Operating Cash Outflow | 2.2B | 1.9B | 2.1B | 1.5B | 983.0M |
| Operating Cash Flow | -136.0M | -5.3M | -17.9M | 19.4M | 58.9M |
| Total Investing Cash Inflow | 646.0M | 535.0M | 39.0M | 21.7M | 37.5M |
| Total Investing Cash Outflow | 614.0M | 374.0M | 85.9M | 63.2M | 73.7M |
| Investing Cash Flow | 31.8M | 160.0M | -46.9M | -41.5M | -36.2M |
| Cash From Borrowings | 620.0M | 659.0M | 589.0M | 368.0M | 125.0M |
| Dividends And Interest Paid | 32.7M | 19.2M | 14.2M | 16.7M | 6.3M |
| Debt Repayments | 599.0M | 600.0M | 373.0M | 220.0M | 102.0M |
| Total Financing Cash Inflow | 624.0M | 1.1B | 599.0M | 393.0M | 162.0M |
| Total Financing Cash Outflow | 657.0M | 851.0M | 417.0M | 254.0M | 112.0M |
| Financing Cash Flow | -33.1M | 287.0M | 183.0M | 139.0M | 49.9M |
| Net Change In Cash | -136.0M | 444.0M | 120.0M | 117.0M | 70.2M |
| Ending Cash Balance | 722.0M | 858.0M | 414.0M | 294.0M | 177.0M |
| Capex | 98.4M | 90.5M | 39.3M | 36.9M | 31.6M |