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 | 2.0B | 2.0B | 976.0M | 421.0M |
| Revenue Growth % | 23.8% | -2.1% | 105.5% | 131.8% | -- |
| Total Revenue | 2.4B | 2.0B | 2.0B | 976.0M | 421.0M |
| Cost Of Revenue | 2.1B | 1.6B | 1.7B | 774.0M | 339.0M |
| Gross Profit | 361.0M | 320.0M | 326.0M | 202.0M | 82.0M |
| Gross Margin % | 14.9% | 16.3% | 16.3% | 20.7% | 19.5% |
| Total Operating Cost | 2.4B | 1.9B | 2.1B | 979.0M | 436.0M |
| Selling Expenses | 37.4M | 25.8M | 46.4M | 37.1M | 20.4M |
| Admin Expenses | 88.3M | 66.2M | 62.9M | 38.2M | 20.7M |
| Rd Expenses | 191.0M | 146.0M | 148.0M | 91.9M | 42.4M |
| Finance Expenses | 606,800 | 6.3M | 12.1M | 12.2M | 1.4M |
| Operating Income | 50.2M | 77.6M | -2.7M | 34.2M | 10.2M |
| Operating Margin % | 2.1% | 4.0% | -0.1% | 3.5% | 2.4% |
| Non Operating Income | 905,600 | 76,800 | 300,600 | 3.9M | 124,600 |
| Non Operating Expenses | 3.3M | 678,700 | 2.9M | 553,200 | 435,900 |
| Investment Income | -9.6M | -- | 1.8M | 401,000 | 527,800 |
| Fair Value Change Income | 1.0M | -259,100 | -2.1M | 1.1M | -- |
| Asset Disposal Income | 913,500 | 863,000 | 131,900 | -471,000 | -121,100 |
| Asset Impairment Loss | 31.0M | 30.6M | 14.6M | 6.3M | 2.8M |
| Other Income | 59.9M | 60.8M | 71.0M | 36.9M | 24.4M |
| Income Before Tax | 47.8M | 77.0M | -5.3M | 37.5M | 9.9M |
| Income Tax | -23.2M | -5.4M | -29.9M | -9.3M | -3.3M |
| Net Income | 71.0M | 82.4M | 24.6M | 46.8M | 13.2M |
| Net Margin % | 2.9% | 4.2% | 1.2% | 4.8% | 3.1% |
| Net Income Attributable | 71.0M | 82.4M | 24.6M | 46.8M | 13.2M |
| Eps Basic | 0.28 | 0.33 | 0.11 | 0.33 | 0.17 |
| Eps Diluted | 0.27 | 0.32 | 0.11 | 0.32 | 0.17 |
| 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 | 904.0M | 577.0M | 1.1B | 149.0M | 96.0M |
| Trading Financial Assets | -- | 3.3M | 3.6M | 5.7M | 20.0M |
| Accounts Receivable | 659.0M | 643.0M | 517.0M | 389.0M | 150.0M |
| Notes Receivable | 205.0M | 191.0M | 242.0M | 3.4M | 307,400 |
| Notes And Accounts Receivable | 864.0M | 834.0M | 759.0M | 392.0M | 151.0M |
| Prepayments | 13.1M | 50.9M | 33.5M | 31.0M | 5.7M |
| Inventory | 957.0M | 839.0M | 800.0M | 643.0M | 243.0M |
| Total Current Assets | 3.2B | 2.6B | 3.0B | 1.4B | 598.0M |
| Long Term Equity Investment | 19.7M | -- | -- | -- | -- |
| Fixed Assets | -- | 703.0M | 487.0M | 377.0M | 228.0M |
| Fixed Assets Total | 811.0M | 703.0M | 487.0M | 377.0M | 228.0M |
| Construction In Progress | -- | 492.0M | 80.5M | 20.6M | 194.0M |
| Construction In Progress Total | 718.0M | 492.0M | 80.5M | 20.6M | 194.0M |
| Intangible Assets | 89.5M | 89.1M | 40.4M | 13.4M | 22.0M |
| Long Term Deferred Expenses | 25.8M | 17.6M | 18.9M | 15.4M | 8.8M |
| Total Non Current Assets | 2.0B | 1.5B | 896.0M | 593.0M | 494.0M |
| Total Assets | 5.2B | 4.1B | 3.9B | 2.0B | 1.1B |
| Short Term Borrowings | 81.0M | 138.0M | 238.0M | 211.0M | 4.3M |
| Accounts Payable | 866.0M | 763.0M | 735.0M | 633.0M | 205.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 15.0M | 24.7M | 12.8M | 13.0M | 9.6M |
| Total Current Liabilities | 1.9B | 1.7B | 1.8B | 1.2B | 355.0M |
| Long Term Borrowings | 418.0M | 481.0M | 308.0M | 106.0M | 56.5M |
| Total Non Current Liabilities | 1.3B | 561.0M | 378.0M | 162.0M | 158.0M |
| Total Liabilities | 3.2B | 2.3B | 2.2B | 1.3B | 513.0M |
| Paid In Capital | 256.0M | 252.0M | 168.0M | 76.6M | 75.6M |
| Capital Reserve | 1.4B | 1.3B | 1.4B | 419.0M | 363.0M |
| Surplus Reserve | 40.9M | 36.8M | 34.2M | 34.2M | 30.9M |
| Retained Earnings | 305.0M | 245.0M | 169.0M | 149.0M | 109.0M |
| Equity Attributable | 2.1B | 1.8B | 1.7B | 678.0M | 579.0M |
| Total Equity | 2.1B | 1.8B | 1.7B | 678.0M | 579.0M |
| 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 | 2.3B | 2.0B | 1.4B | 549.0M | 277.0M |
| Tax Refunds Received | 12.9M | 3.2M | 36.8M | 193,000 | 113,300 |
| Total Operating Cash Inflow | 2.4B | 2.1B | 1.6B | 626.0M | 317.0M |
| Cash Paid For Goods | 1.7B | 1.4B | 1.2B | 495.0M | 132.0M |
| Cash Paid To Employees | 311.0M | 236.0M | 222.0M | 130.0M | 74.0M |
| Taxes Paid | 40.5M | 60.5M | 53.7M | 13.4M | 9.8M |
| Total Operating Cash Outflow | 2.1B | 1.9B | 1.7B | 745.0M | 258.0M |
| Operating Cash Flow | 300.0M | 260.0M | -141.0M | -119.0M | 58.7M |
| Total Investing Cash Inflow | 9.1M | 5.0M | 362.0M | 23.6M | 869,900 |
| Total Investing Cash Outflow | 606.0M | 705.0M | 633.0M | 114.0M | 97.1M |
| Investing Cash Flow | -597.0M | -700.0M | -270.0M | -90.3M | -96.2M |
| Cash From Borrowings | 1.2B | 457.0M | 637.0M | 428.0M | 47.2M |
| Dividends And Interest Paid | 30.8M | 26.2M | 28.1M | 12.6M | 7.2M |
| Debt Repayments | 597.0M | 382.0M | 450.0M | 190.0M | 40.2M |
| Total Financing Cash Inflow | 1.2B | 500.0M | 1.7B | 428.0M | 57.9M |
| Total Financing Cash Outflow | 637.0M | 420.0M | 480.0M | 204.0M | 57.7M |
| Financing Cash Flow | 573.0M | 79.7M | 1.2B | 225.0M | 135,500 |
| Net Change In Cash | 275.0M | -360.0M | 767.0M | 15.4M | -37.3M |
| Ending Cash Balance | 783.0M | 508.0M | 868.0M | 101.0M | 85.7M |
| Capex | 477.0M | 705.0M | 273.0M | 112.0M | 77.1M |