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 | 1.1B | 1.6B | 903.0M | 1.1B | 528.0M | 981.0M | 659.0M | 429.0M | 297.0M | 118.0M | 19.6M |
| Revenue Growth % | -29.6% | 74.1% | -16.9% | 105.7% | -46.2% | 48.9% | 53.6% | 44.4% | 151.7% | 503.2% | -- |
| Total Revenue | 1.1B | 1.6B | 903.0M | 1.1B | 528.0M | 981.0M | 659.0M | 429.0M | 297.0M | 118.0M | 19.6M |
| Cost Of Revenue | 789.0M | 1.2B | 703.0M | 920.0M | 469.0M | 748.0M | 465.0M | 250.0M | 183.0M | 73.6M | 13.8M |
| Gross Profit | 317.0M | 345.0M | 200.0M | 166.0M | 59.0M | 233.0M | 194.0M | 179.0M | 114.0M | 44.4M | 5.7M |
| Gross Margin % | 28.7% | 21.9% | 22.1% | 15.3% | 11.2% | 23.8% | 29.4% | 41.7% | 38.4% | 37.6% | 29.2% |
| Total Operating Cost | 1.1B | 1.5B | 891.0M | 1.2B | 639.0M | 881.0M | 557.0M | 330.0M | 241.0M | 95.1M | 24.8M |
| Selling Expenses | 54.5M | 49.3M | 47.1M | 35.8M | 21.6M | 28.8M | 18.2M | 19.1M | 10.3M | 4.4M | 1.8M |
| Admin Expenses | 38.6M | 59.1M | 37.1M | 30.3M | 26.3M | 29.6M | 20.8M | 21.3M | 25.2M | 7.9M | 8.6M |
| Rd Expenses | 84.4M | 85.8M | 59.4M | 50.9M | 55.6M | 36.2M | 27.1M | 22.7M | 15.1M | 3.9M | -- |
| Finance Expenses | 18.8M | 11.0M | 18.3M | 22.3M | 6.5M | -3.6M | -528,600 | 1.4M | 516,200 | 1.2M | 319,100 |
| Operating Income | 61.4M | 83.2M | 26.3M | -54.8M | -82.8M | 117.0M | 112.0M | 102.0M | 56.5M | 22.5M | -5.3M |
| Operating Margin % | 5.6% | 5.3% | 2.9% | -5.0% | -15.7% | 11.9% | 17.0% | 23.8% | 19.0% | 19.0% | -26.9% |
| Non Operating Income | 61,600 | 55,100 | 1.7M | 29,700 | 474,900 | 415,700 | 127,100 | 149,700 | 950,400 | 49,500 | 116,600 |
| Non Operating Expenses | 1.0M | 1.1M | 62,500 | 36,900 | 469,000 | 4,600 | 444,800 | 31,100 | 39,700 | 3,700 | 3,000 |
| Investment Income | 2.8M | -66,700 | 2.2M | 154,100 | 649,900 | 339,600 | 919,800 | 367,000 | 420,000 | -- | -- |
| Asset Disposal Income | 33,600 | 382,700 | -- | -- | -- | -- | -- | -1,600 | -- | -- | -- |
| Asset Impairment Loss | 48.7M | 43.7M | 35.1M | 91.8M | 29.9M | 11.7M | 21.2M | 10.1M | 6.7M | 3.4M | 143,000 |
| Other Income | 16.4M | 11.2M | 11.6M | 13.1M | 26.9M | 16.5M | 9.5M | 3.2M | -- | -- | -- |
| Income Before Tax | 60.4M | 82.2M | 28.0M | -54.8M | -82.8M | 117.0M | 111.0M | 102.0M | 57.4M | 22.5M | -5.2M |
| Income Tax | -2.7M | 5.9M | 2.4M | -7.9M | -14.8M | 17.2M | 16.0M | 15.5M | 9.5M | 1.1M | -- |
| Net Income | 63.2M | 76.4M | 25.6M | -47.0M | -68.0M | 100.0M | 95.2M | 87.0M | 47.9M | 21.4M | -5.2M |
| Net Margin % | 5.7% | 4.9% | 2.8% | -4.3% | -12.9% | 10.2% | 14.5% | 20.3% | 16.1% | 18.1% | -26.4% |
| Net Income Attributable | 63.9M | 77.1M | 26.1M | -46.9M | -67.3M | 99.9M | 95.3M | 86.9M | 47.5M | 21.4M | -5.2M |
| Minority Interest | -708,900 | -753,300 | -538,300 | -76,300 | -681,200 | 103,600 | -94,800 | 34,300 | 384,300 | -- | -- |
| Eps Basic | 0.41 | 0.50 | 0.24 | -0.44 | -0.65 | 0.98 | 1.22 | 1.45 | 0.79 | -- | -- |
| Eps Diluted | 0.41 | 0.50 | 0.24 | -0.44 | -0.65 | 0.98 | 1.22 | 1.45 | 0.79 | -- | -- |
| 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 | 300.0M | 239.0M | 212.0M | 166.0M | 117.0M | 338.0M | 87.2M | 69.8M | 54.1M | 2.4M | 5.2M |
| Trading Financial Assets | 15.0M | -- | 20.0M | 80.0M | 45.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 432.0M | 286.0M | 245.0M | 284.0M | 392.0M | 416.0M | 215.0M | 127.0M | 93.8M | 38.4M | 1.7M |
| Notes Receivable | 9.7M | -- | -- | -- | -- | 22.4M | 58.5M | 7.5M | 405,500 | 300,000 | 5.1M |
| Notes And Accounts Receivable | 441.0M | 286.0M | 245.0M | 284.0M | 392.0M | 439.0M | 274.0M | 134.0M | 94.2M | 38.7M | 6.8M |
| Prepayments | 33.3M | 42.8M | 1.6M | 16.4M | 4.4M | 5.1M | 2.3M | 6.7M | 1.1M | 480,400 | 1.8M |
| Inventory | 205.0M | 501.0M | 510.0M | 313.0M | 408.0M | 323.0M | 356.0M | 363.0M | 209.0M | 90.1M | 46.6M |
| Total Current Assets | 1.6B | 1.7B | 1.5B | 1.3B | 1.2B | 1.2B | 756.0M | 608.0M | 366.0M | 136.0M | 66.7M |
| Long Term Equity Investment | 205.0M | 210.0M | 196.0M | 154.0M | 154.0M | 7.0M | 6.1M | 5.4M | 5.4M | -- | -- |
| Fixed Assets | -- | 270.0M | 291.0M | 282.0M | 225.0M | 62.2M | 56.8M | 57.5M | -- | -- | 339,900 |
| Fixed Assets Total | 249.0M | 270.0M | 291.0M | 282.0M | 225.0M | 62.2M | 56.8M | 57.5M | 37.9M | 378,700 | 339,900 |
| Construction In Progress | -- | 21.7M | 20.5M | 12.0M | 20.5M | 104.0M | 1.5M | -- | -- | -- | 913,700 |
| Construction In Progress Total | 27.4M | 21.7M | 20.5M | 12.0M | 20.5M | 104.0M | 1.5M | -- | 11.5M | 21.3M | 913,700 |
| Intangible Assets | 57.9M | 52.6M | 59.5M | 66.8M | 49.0M | 46.5M | 47.6M | 33.8M | 8.0M | 6.8M | 7.0M |
| Long Term Deferred Expenses | 140,700 | 157,800 | 788,900 | 1.4M | -- | -- | 55,300 | 110,700 | -- | 99,700 | 143,400 |
| Total Non Current Assets | 792.0M | 836.0M | 725.0M | 695.0M | 497.0M | 232.0M | 118.0M | 99.7M | 65.3M | 29.2M | 8.4M |
| Total Assets | 2.4B | 2.6B | 2.2B | 2.0B | 1.7B | 1.4B | 874.0M | 707.0M | 432.0M | 165.0M | 75.1M |
| Short Term Borrowings | 923.0M | 641.0M | 494.0M | 503.0M | 252.0M | 154.0M | 65.0M | 20.0M | 10.0M | 25.0M | 6.5M |
| Accounts Payable | 196.0M | 523.0M | 431.0M | 146.0M | 378.0M | 140.0M | 141.0M | 139.0M | 68.7M | 35.1M | 12.1M |
| Advance Receipts | -- | -- | -- | -- | -- | 178.0M | 202.0M | 265.0M | 166.0M | 60.3M | 28.0M |
| Contract Liabilities | 98.8M | 204.0M | 151.0M | 138.0M | 160.0M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.3B | 1.6B | 1.3B | 1.1B | 956.0M | 682.0M | 559.0M | 487.0M | 297.0M | 129.0M | 64.3M |
| Long Term Borrowings | 39.0M | 20.0M | 30.0M | 60.1M | 80.1M | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 39.0M | 20.0M | 30.0M | 60.1M | 80.1M | -- | -- | -- | -- | -- | -- |
| Total Liabilities | 1.4B | 1.6B | 1.3B | 1.2B | 1.0B | 682.0M | 559.0M | 487.0M | 297.0M | 129.0M | 64.3M |
| Paid In Capital | 155.0M | 110.0M | 111.0M | 110.0M | 104.0M | 104.0M | 60.0M | 60.0M | 60.0M | 15.0M | 10.0M |
| Capital Reserve | 523.0M | 572.0M | 540.0M | 533.0M | 342.0M | 342.0M | 34.1M | 34.1M | 34.1M | 15.9M | 15.9M |
| Surplus Reserve | 49.0M | 44.0M | 36.4M | 32.4M | 32.4M | 29.2M | 21.0M | 12.6M | 3.8M | 905,000 | -- |
| Retained Earnings | 281.0M | 250.0M | 192.0M | 170.0M | 217.0M | 272.0M | 200.0M | 113.0M | 35.3M | 5.2M | -15.2M |
| Minority Equity | -2.6M | -2.0M | -1.2M | -611,000 | -589,600 | 35,600 | -62,500 | -- | 1.1M | -- | -- |
| Equity Attributable | 1.0B | 982.0M | 872.0M | 846.0M | 695.0M | 747.0M | 315.0M | 220.0M | 133.0M | 37.0M | 10.8M |
| Total Equity | 1.0B | 980.0M | 870.0M | 845.0M | 695.0M | 747.0M | 315.0M | 220.0M | 134.0M | 37.0M | 10.8M |
| 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 | 799.0M | 875.0M | 848.0M | 620.0M | 315.0M | 527.0M | 343.0M | 335.0M | 226.0M | 90.2M | 32.7M |
| Tax Refunds Received | 36.2M | 16.6M | 19.6M | 28.6M | 20.1M | 10.6M | 7.2M | 5.2M | 2.2M | 1.4M | 471,400 |
| Total Operating Cash Inflow | 843.0M | 898.0M | 876.0M | 661.0M | 387.0M | 553.0M | 362.0M | 344.0M | 229.0M | 91.7M | 33.4M |
| Cash Paid For Goods | 873.0M | 700.0M | 421.0M | 661.0M | 350.0M | 425.0M | 230.0M | 184.0M | 141.0M | 66.7M | 27.5M |
| Cash Paid To Employees | 157.0M | 149.0M | 142.0M | 122.0M | 97.5M | 104.0M | 81.9M | 53.7M | 33.3M | 19.3M | 9.7M |
| Taxes Paid | 73.5M | 34.5M | 24.5M | 37.8M | 22.5M | 49.7M | 37.6M | 46.5M | 10.3M | 3.1M | 369,100 |
| Total Operating Cash Outflow | 1.2B | 926.0M | 607.0M | 839.0M | 492.0M | 631.0M | 371.0M | 305.0M | 196.0M | 93.6M | 40.8M |
| Operating Cash Flow | -317.0M | -27.9M | 269.0M | -178.0M | -105.0M | -77.5M | -9.1M | 39.4M | 32.4M | -1.9M | -7.5M |
| Total Investing Cash Inflow | 60.2M | 161.0M | 484.0M | 70.6M | 590.0M | 687.0M | 27,500 | 22,000 | 84,100 | -- | 12.4M |
| Total Investing Cash Outflow | 115.0M | 148.0M | 488.0M | 219.0M | 690.0M | 999.0M | 22.1M | 39.3M | 27.4M | 4.2M | 13.3M |
| Investing Cash Flow | -54.9M | 13.2M | -3.5M | -148.0M | -100.0M | -312.0M | -22.1M | -39.2M | -27.3M | -4.2M | -875,300 |
| Cash From Borrowings | 1.0B | 525.0M | 587.0M | 557.0M | 487.0M | 189.0M | 80.0M | 97.0M | 10.0M | 25.0M | 6.5M |
| Dividends And Interest Paid | 49.6M | 24.3M | 22.1M | 19.2M | 29.3M | 24.1M | 1.6M | 920,100 | 600,300 | 443,400 | 211,300 |
| Debt Repayments | 552.0M | 445.0M | 750.0M | 395.0M | 269.0M | 100.0M | 35.0M | 87.0M | 25.0M | 6.5M | -- |
| Total Financing Cash Inflow | 1.1B | 525.0M | 594.0M | 755.0M | 487.0M | 566.0M | 80.2M | 102.0M | 65.0M | 35.3M | 20.2M |
| Total Financing Cash Outflow | 602.0M | 475.0M | 773.0M | 415.0M | 298.0M | 140.0M | 48.2M | 95.8M | 27.5M | 31.8M | 13.6M |
| Financing Cash Flow | 454.0M | 50.1M | -178.0M | 340.0M | 189.0M | 425.0M | 32.0M | 6.1M | 37.5M | 3.4M | 6.5M |
| Net Change In Cash | 83.5M | 37.5M | 86.2M | 9.9M | -7.6M | 36.1M | 1.6M | 6.5M | 42.5M | -2.8M | -2.1M |
| Ending Cash Balance | 299.0M | 215.0M | 178.0M | 91.5M | 81.6M | 89.1M | 53.0M | 51.4M | 44.8M | 2.4M | 5.2M |
| Capex | 25.0M | 8.6M | 24.6M | 109.0M | 80.1M | 119.0M | 22.1M | 33.6M | 7.5M | 4.2M | 1.3M |