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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.2B | 4.5B | 4.7B | 5.0B | 3.7B | 2.4B | 2.2B | 1.6B | 1.2B | 769.0M | 432.0M |
| Revenue Growth % | -5.7% | -4.8% | -5.7% | 34.9% | 54.0% | 7.4% | 36.4% | 40.6% | 52.3% | 78.0% | -- |
| Total Revenue | 4.2B | 4.5B | 4.7B | 5.0B | 3.7B | 2.4B | 2.2B | 1.6B | 1.2B | 769.0M | 432.0M |
| Cost Of Revenue | 1.6B | 1.9B | 2.2B | 2.4B | 1.9B | 1.2B | 1.1B | 780.0M | 548.0M | 345.0M | 173.0M |
| Gross Profit | 2.7B | 2.6B | 2.5B | 2.6B | 1.8B | 1.2B | 1.2B | 866.0M | 623.0M | 424.0M | 259.0M |
| Gross Margin % | 63.0% | 58.4% | 53.1% | 52.1% | 49.2% | 51.0% | 51.7% | 52.6% | 53.2% | 55.1% | 60.0% |
| Total Operating Cost | 4.1B | 4.2B | 4.6B | 4.8B | 3.6B | 2.4B | 2.1B | 1.5B | 1.1B | 689.0M | 379.0M |
| Selling Expenses | 2.1B | 1.9B | 2.0B | 2.0B | 1.4B | 1.0B | 847.0M | 559.0M | 410.0M | 237.0M | 160.0M |
| Admin Expenses | 261.0M | 235.0M | 194.0M | 193.0M | 122.0M | 103.0M | 104.0M | 77.0M | 115.0M | 99.7M | 39.2M |
| Rd Expenses | 82.2M | 76.6M | 88.8M | 66.0M | 47.6M | 43.9M | 45.9M | 37.1M | -- | -- | -- |
| Finance Expenses | 69.3M | 64.8M | 38.1M | 36.2M | 34.2M | 13.9M | 6.4M | 4.5M | 5.2M | 913,300 | 834,200 |
| Operating Income | 125.0M | 347.0M | 146.0M | 279.0M | 159.0M | 18.7M | 158.0M | 162.0M | 74.6M | 79.7M | 53.3M |
| Operating Margin % | 3.0% | 7.7% | 3.1% | 5.6% | 4.3% | 0.8% | 7.0% | 9.8% | 6.4% | 10.4% | 12.3% |
| Non Operating Income | 6.1M | 2.3M | 452,100 | 1.8M | 1.6M | 4.2M | 4.2M | 32.8M | 21.1M | 3.6M | 189,600 |
| Non Operating Expenses | 5.6M | 1.9M | 2.0M | 464,400 | 1.6M | 110,800 | 421,100 | 4.8M | 389,000 | 1.3M | 71,200 |
| Investment Income | -15.1M | 15.9M | -2.7M | 11.8M | 3.8M | 14.2M | 20.4M | 1.1M | -- | -- | -- |
| Fair Value Change Income | 177,400 | -13.9M | 25.1M | -- | -1.5M | 867,600 | -- | -- | -- | -- | -- |
| Asset Disposal Income | 287,000 | 3.8M | 319,600 | -296,600 | -170,100 | -488,500 | -438,400 | -- | -- | -- | -- |
| Asset Impairment Loss | 37.1M | 39.8M | 15.6M | 6.6M | 8.5M | 20.6M | 12.2M | 9.6M | 7.4M | 209,300 | 2.2M |
| Other Income | 7.4M | 22.5M | 15.5M | 14.3M | 3.3M | 7.4M | 9.0M | -- | -- | -- | -- |
| Income Before Tax | 125.0M | 347.0M | 144.0M | 280.0M | 159.0M | 22.8M | 162.0M | 190.0M | 95.3M | 82.0M | 53.4M |
| Income Tax | 13.7M | 48.4M | 21.1M | 44.8M | 21.1M | -2.6M | 34.2M | 32.1M | 22.7M | 29.0M | 16.1M |
| Net Income | 112.0M | 299.0M | 123.0M | 235.0M | 138.0M | 25.4M | 128.0M | 158.0M | 72.6M | 53.0M | 37.4M |
| Net Margin % | 2.6% | 6.7% | 2.6% | 4.7% | 3.7% | 1.1% | 5.7% | 9.6% | 6.2% | 6.9% | 8.6% |
| Net Income Attributable | 110.0M | 294.0M | 125.0M | 236.0M | 140.0M | 27.2M | 131.0M | 158.0M | 73.8M | 53.1M | 36.6M |
| Minority Interest | 1.7M | 4.6M | -1.9M | -1.2M | -2.1M | -1.9M | -3.2M | -317,200 | -1.2M | -158,100 | 795,400 |
| Eps Basic | 0.28 | 0.76 | 0.32 | 0.62 | 0.37 | 0.07 | 0.33 | 0.78 | 0.62 | -- | -- |
| Eps Diluted | 0.29 | 0.73 | 0.31 | 0.61 | 0.36 | 0.07 | 0.33 | 0.78 | 0.62 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 477.0M | 554.0M | 346.0M | 440.0M | 460.0M | 362.0M | 463.0M | 262.0M | 166.0M | 100.0M | 59.7M |
| Trading Financial Assets | 128.0M | 260.0M | 99.3M | 39.5M | 50.3M | 136.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 347.0M | 404.0M | 325.0M | 280.0M | 217.0M | 118.0M | 100.0M | 95.0M | 60.7M | 44.9M | 45.6M |
| Notes Receivable | 4.9M | -- | -- | -- | 624,100 | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 352.0M | 404.0M | 325.0M | 280.0M | 217.0M | 118.0M | 100.0M | 95.0M | 60.7M | 44.9M | 45.6M |
| Prepayments | 202.0M | 121.0M | 76.0M | 120.0M | 87.8M | 74.4M | 52.9M | 42.6M | 31.8M | 12.4M | 8.8M |
| Inventory | 830.0M | 795.0M | 899.0M | 728.0M | 696.0M | 738.0M | 566.0M | 277.0M | 314.0M | 247.0M | 75.0M |
| Total Current Assets | 2.1B | 2.3B | 1.9B | 1.7B | 1.6B | 1.5B | 1.7B | 718.0M | 607.0M | 417.0M | 195.0M |
| Long Term Equity Investment | 28.5M | 20.3M | 20.2M | 5.8M | 6.3M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 845.0M | 625.0M | 106.0M | 104.0M | 108.0M | 115.0M | 105.0M | 51.9M | 45.8M | 5.6M |
| Fixed Assets Total | 918.0M | 845.0M | 625.0M | 106.0M | 104.0M | 108.0M | 115.0M | 105.0M | 51.9M | 45.8M | 5.6M |
| Construction In Progress | -- | 13.9M | 363.0M | 501.0M | 174.0M | 4.0M | -- | -- | 68,700 | -- | -- |
| Construction In Progress Total | 12.0M | 13.9M | 363.0M | 501.0M | 174.0M | 4.0M | -- | -- | 68,700 | -- | -- |
| Intangible Assets | 285.0M | 260.0M | 256.0M | 70.2M | 71.7M | 73.8M | 8.3M | 5.9M | 5.9M | 4.7M | 11,900 |
| Long Term Deferred Expenses | 25.2M | 44.6M | 11.5M | 8.6M | 11.8M | 13.3M | 13.3M | 11.7M | 14.1M | 17.7M | 3.5M |
| Total Non Current Assets | 2.1B | 1.8B | 1.8B | 1.1B | 553.0M | 353.0M | 216.0M | 139.0M | 87.1M | 72.1M | 12.0M |
| Total Assets | 4.3B | 4.1B | 3.7B | 2.7B | 2.2B | 1.8B | 1.9B | 857.0M | 694.0M | 489.0M | 207.0M |
| Short Term Borrowings | 353.0M | 232.0M | 708.0M | 523.0M | 260.0M | 152.0M | 41.2M | 19.6M | 40.4M | 5.1M | 6.2M |
| Accounts Payable | 126.0M | 272.0M | 330.0M | 135.0M | 245.0M | 206.0M | 336.0M | 135.0M | 190.0M | 211.0M | 85.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 5.9M | 9.9M | 16.3M | 5.6M | 15.1M | 136,300 |
| Contract Liabilities | 33.3M | 29.1M | 32.8M | 18.1M | 11.0M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 903.0M | 1.0B | 1.4B | 1.0B | 822.0M | 602.0M | 471.0M | 272.0M | 292.0M | 289.0M | 143.0M |
| Long Term Borrowings | 545.0M | 358.0M | 442.0M | 129.0M | -- | 24.0M | 28.6M | 32.9M | 18.2M | 20.7M | -- |
| Total Non Current Liabilities | 1.3B | 994.0M | 476.0M | 144.0M | 450,000 | 25.5M | 36.1M | 45.2M | 28.7M | 25.6M | 2.8M |
| Total Liabilities | 2.2B | 2.0B | 1.9B | 1.2B | 823.0M | 627.0M | 507.0M | 317.0M | 320.0M | 314.0M | 146.0M |
| Paid In Capital | 388.0M | 390.0M | 389.0M | 412.0M | 411.0M | 411.0M | 272.0M | 120.0M | 120.0M | 22.8M | 22.2M |
| Capital Reserve | 444.0M | 494.0M | 496.0M | 669.0M | 633.0M | 630.0M | 754.0M | 119.0M | 106.0M | 74.9M | 18.0M |
| Surplus Reserve | 29.5M | 23.8M | 23.8M | 22.2M | 18.7M | 18.1M | 14.9M | 8.6M | 1.8M | -- | -- |
| Retained Earnings | 1.2B | 1.1B | 873.0M | 750.0M | 517.0M | 377.0M | 353.0M | 293.0M | 141.0M | 73.9M | 20.8M |
| Minority Equity | -2.2M | -973,900 | -5.8M | -5.6M | -3.5M | -2.4M | -3.6M | 732,700 | 3.2M | 2.1M | -- |
| Equity Attributable | 2.1B | 2.1B | 1.7B | 1.6B | 1.4B | 1.2B | 1.4B | 540.0M | 371.0M | 172.0M | 61.0M |
| Total Equity | 2.1B | 2.1B | 1.7B | 1.6B | 1.4B | 1.2B | 1.4B | 541.0M | 374.0M | 174.0M | 61.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 4.1B | 4.2B | 4.6B | 4.8B | 3.8B | 2.6B | 2.5B | 1.8B | 1.3B | 881.0M | 442.0M |
| Tax Refunds Received | 56,400 | 1.6M | 1.8M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 4.2B | 4.2B | 4.6B | 5.0B | 3.9B | 2.6B | 2.5B | 1.9B | 1.3B | 896.0M | 454.0M |
| Cash Paid For Goods | 1.9B | 2.0B | 2.5B | 2.6B | 2.0B | 1.5B | 1.4B | 921.0M | 788.0M | 473.0M | 198.0M |
| Cash Paid To Employees | 483.0M | 476.0M | 542.0M | 377.0M | 250.0M | 231.0M | 192.0M | 136.0M | 112.0M | 73.3M | 39.3M |
| Taxes Paid | 135.0M | 195.0M | 208.0M | 191.0M | 138.0M | 93.9M | 147.0M | 163.0M | 133.0M | 90.3M | 36.2M |
| Total Operating Cash Outflow | 4.0B | 3.9B | 4.6B | 4.8B | 3.7B | 2.8B | 2.5B | 1.7B | 1.4B | 841.0M | 416.0M |
| Operating Cash Flow | 266.0M | 262.0M | 17.7M | 199.0M | 131.0M | -209.0M | -35.4M | 173.0M | -73.4M | 54.8M | 37.7M |
| Total Investing Cash Inflow | 742.0M | 789.0M | 3.2M | 237.0M | 483.0M | 1.5B | 1.2B | 125.0M | 3.5M | 2.7M | 2.5M |
| Total Investing Cash Outflow | 1.1B | 1.1B | 649.0M | 730.0M | 658.0M | 1.3B | 1.8B | 192.0M | 17.5M | 70.4M | 9.7M |
| Investing Cash Flow | -335.0M | -281.0M | -646.0M | -493.0M | -175.0M | 162.0M | -513.0M | -66.5M | -14.0M | -67.7M | -7.2M |
| Cash From Borrowings | 1.1B | 1.0B | 1.6B | 851.0M | 300.0M | 152.0M | 41.2M | 95.6M | 47.0M | 30.9M | 13.8M |
| Dividends And Interest Paid | 70.9M | 75.6M | 31.2M | 15.5M | 10.3M | 5.7M | 66.8M | 2.8M | 3.8M | 655,200 | 553,000 |
| Debt Repayments | 943.0M | 1.4B | 1.0B | 460.0M | 220.0M | 45.5M | 23.7M | 98.5M | 2.4M | 5.6M | 352,700 |
| Total Financing Cash Inflow | 1.1B | 1.7B | 1.6B | 857.0M | 353.0M | 183.0M | 860.0M | 95.6M | 158.0M | 58.8M | 13.8M |
| Total Financing Cash Outflow | 1.1B | 1.5B | 1.1B | 502.0M | 237.0M | 308.0M | 114.0M | 123.0M | 6.2M | 6.2M | 905,700 |
| Financing Cash Flow | 30.9M | 192.0M | 528.0M | 355.0M | 116.0M | -125.0M | 746.0M | -27.7M | 151.0M | 52.6M | 12.9M |
| Net Change In Cash | -37.4M | 179.0M | -91.0M | 54.8M | 56.9M | -171.0M | 203.0M | 74.4M | 65.7M | 40.3M | 43.3M |
| Ending Cash Balance | 434.0M | 472.0M | 293.0M | 384.0M | 329.0M | 272.0M | 443.0M | 240.0M | 166.0M | 100.0M | 59.7M |
| Capex | 278.0M | 178.0M | 293.0M | 550.0M | 210.0M | 19.3M | 101.0M | 69.8M | 17.5M | 70.4M | 8.2M |