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 | 2.4B | 1.8B | 1.1B | 930.0M | 578.0M |
| Revenue Growth % | 31.2% | 59.1% | 23.4% | 60.9% | -- |
| Total Revenue | 2.4B | 1.8B | 1.1B | 930.0M | 578.0M |
| Cost Of Revenue | 2.0B | 1.5B | 931.0M | 714.0M | 424.0M |
| Gross Profit | 430.0M | 318.0M | 217.0M | 216.0M | 154.0M |
| Gross Margin % | 17.9% | 17.4% | 18.9% | 23.2% | 26.6% |
| Total Operating Cost | 2.2B | 1.7B | 1.1B | 841.0M | 526.0M |
| Selling Expenses | 14.5M | 12.4M | 13.1M | 16.6M | 14.9M |
| Admin Expenses | 82.3M | 64.1M | 49.5M | 48.6M | 38.5M |
| Rd Expenses | 92.9M | 74.1M | 52.0M | 38.9M | 30.0M |
| Finance Expenses | 32.1M | 21.7M | 21.0M | 9.8M | 9.9M |
| Operating Income | 256.0M | 160.0M | 71.2M | 108.0M | 60.7M |
| Operating Margin % | 10.7% | 8.8% | 6.2% | 11.6% | 10.5% |
| Non Operating Income | 3.6M | 6.1M | 1.4M | 1.8M | 1.7M |
| Non Operating Expenses | 1.3M | 1.2M | 497,300 | 275,900 | 1.0M |
| Investment Income | 4.6M | 12.6M | 4.4M | 4.5M | 1.0M |
| Fair Value Change Income | 41.0M | 13.5M | 337,400 | 745,900 | -- |
| Asset Disposal Income | 234,500 | 219,500 | -11,200 | -64,100 | -73,300 |
| Asset Impairment Loss | 10.6M | 8.4M | 5.5M | 2.4M | 3.0M |
| Other Income | 34.7M | 21.0M | 9.1M | 14.8M | 7.9M |
| Income Before Tax | 258.0M | 165.0M | 72.1M | 110.0M | 61.4M |
| Income Tax | 28.6M | 16.7M | -17,700 | 12.1M | 7.0M |
| Net Income | 230.0M | 149.0M | 72.1M | 97.7M | 54.3M |
| Net Margin % | 9.6% | 8.2% | 6.3% | 10.5% | 9.4% |
| Net Income Attributable | 224.0M | 147.0M | 75.6M | 97.6M | 53.7M |
| Minority Interest | 5.2M | 1.8M | -3.4M | 46,000 | 662,300 |
| Eps Basic | 0.98 | 0.64 | 0.37 | 0.48 | 0.40 |
| Eps Diluted | 0.98 | 0.64 | 0.37 | 0.48 | 0.40 |
| 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 | 342.0M | 381.0M | 346.0M | 89.3M | 82.3M |
| Trading Financial Assets | 332.0M | 353.0M | 301.0M | 30.1M | 75.0M |
| Accounts Receivable | 835.0M | 695.0M | 452.0M | 270.0M | 173.0M |
| Notes Receivable | 20.4M | 16.8M | 24.2M | 6.3M | 11.9M |
| Notes And Accounts Receivable | 855.0M | 712.0M | 476.0M | 277.0M | 184.0M |
| Prepayments | 17.1M | 19.1M | 25.2M | 25.6M | 19.8M |
| Inventory | 463.0M | 382.0M | 313.0M | 241.0M | 153.0M |
| Total Current Assets | 2.2B | 2.0B | 1.6B | 797.0M | 685.0M |
| Long Term Equity Investment | 12.1M | 11.8M | 10.1M | 8.7M | 5.3M |
| Fixed Assets | -- | 775.0M | 561.0M | 363.0M | 328.0M |
| Fixed Assets Total | 1.1B | 775.0M | 561.0M | 363.0M | 328.0M |
| Construction In Progress | -- | 310.0M | 332.0M | 166.0M | 80.4M |
| Construction In Progress Total | 116.0M | 310.0M | 332.0M | 166.0M | 80.4M |
| Intangible Assets | 101.0M | 105.0M | 109.0M | 56.3M | 50.7M |
| Long Term Deferred Expenses | 109.0M | 91.4M | 48.1M | 43.7M | 30.2M |
| Total Non Current Assets | 1.8B | 1.5B | 1.3B | 887.0M | 706.0M |
| Total Assets | 4.0B | 3.5B | 2.9B | 1.7B | 1.4B |
| Short Term Borrowings | 693.0M | 710.0M | 540.0M | 289.0M | 168.0M |
| Accounts Payable | 439.0M | 415.0M | 283.0M | 199.0M | 158.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 503,900 | 460,400 | 1.1M | 3.1M | 1.1M |
| Total Current Liabilities | 1.8B | 1.5B | 1.0B | 668.0M | 438.0M |
| Long Term Borrowings | 186.0M | 234.0M | 117.0M | 37.5M | 80.0M |
| Total Non Current Liabilities | 217.0M | 259.0M | 144.0M | 63.3M | 94.0M |
| Total Liabilities | 2.0B | 1.7B | 1.2B | 731.0M | 532.0M |
| Paid In Capital | 231.0M | 231.0M | 231.0M | 202.0M | 144.0M |
| Capital Reserve | 1.1B | 1.1B | 1.1B | 457.0M | 514.0M |
| Surplus Reserve | 43.4M | 31.8M | 24.2M | 20.4M | 14.3M |
| Retained Earnings | 556.0M | 388.0M | 272.0M | 221.0M | 144.0M |
| Minority Equity | 73.3M | 41.3M | 39.4M | 52.3M | 42.2M |
| Equity Attributable | 1.9B | 1.7B | 1.7B | 900.0M | 816.0M |
| Total Equity | 2.0B | 1.8B | 1.7B | 952.0M | 859.0M |
| 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 | 1.8B | 1.5B | 961.0M | 835.0M | 461.0M |
| Tax Refunds Received | 15.4M | 5.8M | 2.6M | 5.3M | 4.1M |
| Total Operating Cash Inflow | 2.0B | 1.7B | 1.1B | 938.0M | 507.0M |
| Cash Paid For Goods | 1.1B | 1.2B | 822.0M | 675.0M | 308.0M |
| Cash Paid To Employees | 176.0M | 149.0M | 130.0M | 94.6M | 60.4M |
| Taxes Paid | 62.7M | 28.2M | 29.1M | 33.9M | 23.4M |
| Total Operating Cash Outflow | 1.6B | 1.7B | 1.2B | 917.0M | 463.0M |
| Operating Cash Flow | 388.0M | 37.4M | -51.6M | 21.4M | 44.1M |
| Total Investing Cash Inflow | 554.0M | 384.0M | 359.0M | 174.0M | 189.0M |
| Total Investing Cash Outflow | 1.0B | 505.0M | 1.2B | 283.0M | 440.0M |
| Investing Cash Flow | -448.0M | -121.0M | -844.0M | -109.0M | -251.0M |
| Cash From Borrowings | 1.1B | 974.0M | 836.0M | 288.0M | 278.0M |
| Dividends And Interest Paid | 80.9M | 46.6M | 39.9M | 27.0M | 20.1M |
| Debt Repayments | 1.1B | 660.0M | 476.0M | 178.0M | 263.0M |
| Total Financing Cash Inflow | 1.2B | 974.0M | 1.5B | 298.0M | 515.0M |
| Total Financing Cash Outflow | 1.2B | 764.0M | 516.0M | 211.0M | 297.0M |
| Financing Cash Flow | 4.9M | 209.0M | 1.0B | 87.7M | 218.0M |
| Net Change In Cash | -55.4M | 126.0M | 137.0M | 78,400 | 11.4M |
| Ending Cash Balance | 274.0M | 329.0M | 204.0M | 66.7M | 66.7M |
| Capex | 328.0M | 181.0M | 453.0M | 206.0M | 115.0M |