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 | 2.2B | 1.4B | 1.5B | 935.0M | 354.0M | 596.0M | 717.0M | 491.0M | 585.0M | 346.0M | 105.0M |
| Revenue Growth % | 57.9% | -6.5% | 62.0% | 164.1% | -40.6% | -16.9% | 46.0% | -16.1% | 69.1% | 229.5% | -- |
| Total Revenue | 2.2B | 1.4B | 1.5B | 935.0M | 354.0M | 596.0M | 717.0M | 491.0M | 585.0M | 346.0M | 105.0M |
| Cost Of Revenue | 2.0B | 1.3B | 1.3B | 740.0M | 346.0M | 489.0M | 525.0M | 301.0M | 324.0M | 193.0M | 65.1M |
| Gross Profit | 256.0M | 161.0M | 208.0M | 195.0M | 8.0M | 107.0M | 192.0M | 190.0M | 261.0M | 153.0M | 39.9M |
| Gross Margin % | 11.4% | 11.4% | 13.7% | 20.9% | 2.3% | 18.0% | 26.8% | 38.7% | 44.6% | 44.2% | 38.0% |
| Total Operating Cost | 2.4B | 1.7B | 1.6B | 984.0M | 728.0M | 628.0M | 682.0M | 435.0M | 464.0M | 253.0M | 93.1M |
| Selling Expenses | 54.0M | 42.5M | 51.1M | 39.6M | 83.8M | 34.7M | 36.6M | 27.6M | 30.9M | 14.7M | 6.3M |
| Admin Expenses | 114.0M | 94.5M | 101.0M | 100.0M | 63.4M | 34.1M | 32.7M | 33.7M | 98.5M | 32.9M | 18.0M |
| Rd Expenses | 189.0M | 125.0M | 86.4M | 68.4M | 80.6M | 45.7M | 58.9M | 60.2M | -- | -- | -- |
| Finance Expenses | 29.6M | 17.5M | 19.9M | 10.3M | 2.3M | -1.2M | -1.3M | 2,900 | 153,800 | 222,300 | 564,300 |
| Operating Income | -139.0M | -181.0M | -38.3M | -6.0M | -344.0M | 27.7M | 86.2M | 92.4M | 123.0M | 94.2M | 11.9M |
| Operating Margin % | -6.2% | -12.8% | -2.5% | -0.6% | -97.2% | 4.6% | 12.0% | 18.8% | 21.0% | 27.2% | 11.4% |
| Non Operating Income | 9.8M | 4.6M | 3.5M | 2.0M | 1.7M | 899,900 | 2.3M | 7.8M | 29.5M | 13.5M | 3.1M |
| Non Operating Expenses | 4.7M | 220,500 | 886,200 | 1.4M | 112,000 | 922,300 | 388,900 | 58,200 | 55,200 | 64,700 | 7,600 |
| Investment Income | 22.6M | 5.7M | 1.6M | 8.1M | 2.7M | 7.1M | 7.8M | 8.3M | 2.1M | 1.5M | 216,500 |
| Fair Value Change Income | -1.3M | 767,500 | -144,600 | 403,400 | 391,000 | 86,200 | -- | -- | -- | -- | -- |
| Asset Disposal Income | 1.9M | 989,400 | 7.0M | 339,600 | 72,300 | -30,300 | -95,400 | -88,700 | -- | -57,600 | -- |
| Asset Impairment Loss | 27.8M | 46.3M | 25.0M | 30.5M | 93.6M | 5.3M | 23.6M | 8.2M | 5.7M | 9.9M | 2.6M |
| Other Income | 48.3M | 48.1M | 69.4M | 34.8M | 27.2M | 52.1M | 43.1M | 28.7M | -- | -- | -- |
| Income Before Tax | -134.0M | -177.0M | -35.7M | -5.3M | -342.0M | 27.6M | 88.1M | 100.0M | 153.0M | 108.0M | 15.0M |
| Income Tax | -12.0M | -6.0M | -6.7M | -30.8M | -57.7M | 601,900 | 5.6M | 8.7M | 26.6M | 15.7M | 2.8M |
| Net Income | -122.0M | -171.0M | -29.0M | 25.5M | -285.0M | 27.0M | 82.5M | 91.5M | 126.0M | 91.9M | 12.2M |
| Net Margin % | -5.5% | -12.1% | -1.9% | 2.7% | -80.5% | 4.5% | 11.5% | 18.6% | 21.5% | 26.6% | 11.6% |
| Net Income Attributable | -122.0M | -170.0M | -27.8M | 25.5M | -285.0M | 27.0M | 82.5M | 91.5M | 126.0M | 91.9M | 12.2M |
| Minority Interest | -23,200 | -1.3M | -1.2M | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.74 | -1.16 | -0.23 | 0.22 | -2.49 | 0.24 | 0.80 | 1.07 | 1.55 | 1.19 | -- |
| Eps Diluted | -0.74 | -1.16 | -0.23 | 0.21 | -2.49 | 0.24 | 0.80 | 1.07 | 1.55 | 1.19 | -- |
| 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 | 931.0M | 803.0M | 316.0M | 212.0M | 101.0M | 167.0M | 181.0M | 138.0M | 65.8M | 35.0M | 17.1M |
| Trading Financial Assets | 163.0M | 519.0M | 86.8M | 85.3M | 110.0M | 40.1M | -- | -- | -- | 299,200 | 288,200 |
| Accounts Receivable | 1.2B | 750.0M | 825.0M | 603.0M | 225.0M | 353.0M | 428.0M | 238.0M | 151.0M | 171.0M | 41.4M |
| Notes Receivable | 38.2M | 22.5M | 119.0M | 23.1M | 31.8M | -- | 340.0M | 127.0M | 264.0M | 63.1M | 9.5M |
| Notes And Accounts Receivable | 1.3B | 773.0M | 944.0M | 626.0M | 257.0M | 353.0M | 768.0M | 365.0M | 415.0M | 234.0M | 50.9M |
| Prepayments | 10.5M | 14.2M | 28.3M | 9.7M | 8.8M | 4.0M | 1.2M | 3.2M | 483,200 | 941,600 | 176,000 |
| Inventory | 518.0M | 475.0M | 510.0M | 331.0M | 263.0M | 303.0M | 299.0M | 211.0M | 121.0M | 89.4M | 40.0M |
| Total Current Assets | 3.4B | 3.0B | 2.3B | 1.6B | 1.0B | 1.2B | 1.6B | 983.0M | 831.0M | 414.0M | 111.0M |
| Long Term Equity Investment | 8.2M | 16.7M | 19.5M | 19.8M | 19.9M | 20.0M | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 218.0M | 146.0M | 120.0M | 111.0M | 115.0M | 95.2M | 79.6M | 48.9M | 20.9M | 9.9M |
| Fixed Assets Total | 241.0M | 219.0M | 147.0M | 120.0M | 111.0M | 115.0M | 95.2M | 79.6M | 48.9M | 20.9M | 9.9M |
| Construction In Progress | -- | 178.0M | 89.5M | 289,600 | -- | -- | 785,900 | 16.7M | 3.4M | -- | -- |
| Construction In Progress Total | 236.0M | 178.0M | 89.5M | 289,600 | -- | -- | 785,900 | 16.7M | 3.4M | -- | -- |
| Intangible Assets | 143.0M | 130.0M | 116.0M | 110.0M | 86.8M | 33.5M | 2.1M | 1.4M | 830,200 | 812,200 | 1.4M |
| Long Term Deferred Expenses | 41.5M | 39.6M | 37.1M | 16.7M | 28.4M | 33.1M | 36.8M | 28.2M | 8.3M | 7.6M | 244,300 |
| Total Non Current Assets | 954.0M | 840.0M | 725.0M | 516.0M | 401.0M | 300.0M | 156.0M | 140.0M | 69.9M | 31.4M | 12.0M |
| Total Assets | 4.3B | 3.8B | 3.0B | 2.1B | 1.4B | 1.5B | 1.7B | 1.1B | 901.0M | 445.0M | 123.0M |
| Short Term Borrowings | 187.0M | 247.0M | 398.0M | 178.0M | 214.0M | 23.4M | 55.6M | -- | -- | -- | 3.9M |
| Accounts Payable | 1.1B | 508.0M | 595.0M | 346.0M | 191.0M | 192.0M | 330.0M | 263.0M | 157.0M | 153.0M | 49.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 492,500 | 2.4M | 1.9M | 12.6M | 9.3M | 1.4M |
| Contract Liabilities | 60.3M | 39.9M | 90.8M | 1.2M | 8.8M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.9B | 1.3B | 1.7B | 828.0M | 552.0M | 413.0M | 638.0M | 389.0M | 275.0M | 230.0M | 83.6M |
| Long Term Borrowings | -- | 1.3M | 3.6M | -- | -- | -- | -- | -- | -- | 2.0M | -- |
| Total Non Current Liabilities | 100.0M | 108.0M | 172.0M | 111.0M | 51.2M | 24.3M | 26.2M | 33.8M | 17.1M | 18.2M | 14.7M |
| Total Liabilities | 2.0B | 1.4B | 1.8B | 939.0M | 603.0M | 437.0M | 664.0M | 422.0M | 292.0M | 248.0M | 98.3M |
| Paid In Capital | 168.0M | 168.0M | 127.0M | 125.0M | 115.0M | 115.0M | 115.0M | 85.9M | 85.9M | 80.0M | 20.4M |
| Capital Reserve | 2.4B | 2.4B | 982.0M | 916.0M | 611.0M | 606.0M | 606.0M | 328.0M | 328.0M | 48.7M | 16.0M |
| Surplus Reserve | 41.4M | 41.4M | 41.4M | 41.4M | 41.4M | 41.4M | 38.4M | 30.2M | 21.1M | 8.4M | 6,900 |
| Retained Earnings | -246.0M | -123.0M | 46.2M | 73.5M | 48.1M | 336.0M | 321.0M | 256.0M | 173.0M | 59.8M | -11.5M |
| Minority Equity | 2.4M | 3.8M | 5.1M | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 2.3B | 2.5B | 1.2B | 1.2B | 814.0M | 1.1B | 1.1B | 700.0M | 609.0M | 197.0M | 24.9M |
| Total Equity | 2.3B | 2.5B | 1.2B | 1.2B | 814.0M | 1.1B | 1.1B | 700.0M | 609.0M | 197.0M | 24.9M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.6B | 1.4B | 1.4B | 537.0M | 519.0M | 773.0M | 331.0M | 470.0M | 270.0M | 154.0M | 74.0M |
| Tax Refunds Received | 46.7M | 50.5M | 41.7M | 22.7M | 15.0M | 31.2M | 24.2M | 28.7M | 22.6M | 11.4M | 2.1M |
| Total Operating Cash Inflow | 1.7B | 1.5B | 1.5B | 605.0M | 594.0M | 837.0M | 371.0M | 535.0M | 297.0M | 169.0M | 86.6M |
| Cash Paid For Goods | 1.1B | 1.2B | 1.1B | 478.0M | 453.0M | 638.0M | 399.0M | 185.0M | 137.0M | 73.8M | 45.9M |
| Cash Paid To Employees | 365.0M | 249.0M | 234.0M | 153.0M | 118.0M | 133.0M | 120.0M | 106.0M | 75.6M | 40.4M | 23.3M |
| Taxes Paid | 66.3M | 46.7M | 62.1M | 36.1M | 21.5M | 48.0M | 47.0M | 56.1M | 73.6M | 25.0M | 5.5M |
| Total Operating Cash Outflow | 1.6B | 1.6B | 1.7B | 734.0M | 668.0M | 886.0M | 650.0M | 393.0M | 346.0M | 168.0M | 88.6M |
| Operating Cash Flow | 74.8M | -134.0M | -195.0M | -129.0M | -73.2M | -49.4M | -279.0M | 142.0M | -48.2M | 1.3M | -2.0M |
| Total Investing Cash Inflow | 4.2B | 1.4B | 498.0M | 527.0M | 260.0M | 671.0M | 721.0M | 552.0M | 119.0M | 119.0M | 14.0M |
| Total Investing Cash Outflow | 3.9B | 2.0B | 699.0M | 471.0M | 429.0M | 585.0M | 789.0M | 608.0M | 316.0M | 184.0M | 6.6M |
| Investing Cash Flow | 283.0M | -615.0M | -201.0M | 55.5M | -168.0M | 85.6M | -67.4M | -56.1M | -196.0M | -65.1M | 7.5M |
| Cash From Borrowings | 662.0M | 343.0M | 525.0M | 178.0M | 234.0M | -- | 55.2M | 10.0M | 5.0M | 3.5M | 7.0M |
| Dividends And Interest Paid | 23.3M | 16.8M | 11.2M | 9.6M | 7.5M | 9.6M | 9.3M | 47,300 | 220,200 | 265,600 | 806,400 |
| Debt Repayments | 783.0M | 444.0M | 141.0M | 234.0M | 23.9M | 32.6M | -- | 12.0M | 5.0M | 5.3M | 13.2M |
| Total Financing Cash Inflow | 665.0M | 1.7B | 556.0M | 447.0M | 241.0M | 6.3M | 361.0M | 10.0M | 255.0M | 83.5M | 9.5M |
| Total Financing Cash Outflow | 886.0M | 490.0M | 175.0M | 276.0M | 33.3M | 42.3M | 21.8M | 12.0M | 5.2M | 5.6M | 14.0M |
| Financing Cash Flow | -222.0M | 1.3B | 380.0M | 171.0M | 207.0M | -36.0M | 340.0M | -2.0M | 250.0M | 77.9M | -4.5M |
| Net Change In Cash | 137.0M | 508.0M | -21.6M | 104.0M | -33.2M | 1.4M | -6.4M | 83.8M | 5.3M | 14.2M | 1.0M |
| Ending Cash Balance | 805.0M | 668.0M | 159.0M | 181.0M | 76.9M | 110.0M | 109.0M | 115.0M | 31.5M | 26.1M | 12.0M |
| Capex | 113.0M | 194.0M | 233.0M | 52.3M | 69.4M | 97.5M | 20.8M | 51.3M | 25.6M | 14.3M | 2.6M |