Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | 2.2B | 2.0B | 2.5B | 2.6B | 1.9B |
| Revenue Growth % | 8.9% | -22.0% | -3.3% | 41.9% | -- |
| Total Revenue | 2.2B | 2.0B | 2.5B | 2.6B | 1.9B |
| Cost Of Revenue | 1.3B | 1.1B | 1.4B | 1.5B | 1.0B |
| Gross Profit | 828.0M | 832.0M | 1.2B | 1.1B | 809.0M |
| Gross Margin % | 38.4% | 42.0% | 46.1% | 43.2% | 43.7% |
| Total Operating Cost | 2.8B | 2.2B | 2.3B | 1.8B | 1.4B |
| Selling Expenses | 281.0M | 154.0M | 211.0M | 244.0M | 266.0M |
| Admin Expenses | 96.2M | 82.2M | 94.2M | 69.5M | 59.5M |
| Rd Expenses | 1.0B | 842.0M | 671.0M | 46.3M | 26.5M |
| Finance Expenses | -7.1M | -42.9M | -80.6M | -86.8M | -17.3M |
| Operating Income | -545.0M | -218.0M | 262.0M | 856.0M | 487.0M |
| Operating Margin % | -25.3% | -11.0% | 10.3% | 32.6% | 26.3% |
| Non Operating Income | 3.0M | 961,900 | 3.0M | 2.5M | 878,900 |
| Non Operating Expenses | 9.1M | 3.9M | 2.5M | 6.7M | 10.3M |
| Investment Income | -14.1M | -976,700 | 12.6M | 16.8M | 17.7M |
| Fair Value Change Income | 18.0M | 89,700 | -- | -- | 3.6M |
| Asset Disposal Income | 2.8M | 545,300 | -- | 117,500 | -- |
| Asset Impairment Loss | 14.2M | 2.3M | 11.9M | -- | 4.3M |
| Other Income | 81.0M | 19.0M | 18.3M | 5.4M | 18.2M |
| Income Before Tax | -552.0M | -221.0M | 262.0M | 851.0M | 478.0M |
| Income Tax | 57.8M | 81.9M | 136.0M | 125.0M | 85.3M |
| Net Income | -609.0M | -303.0M | 126.0M | 727.0M | 393.0M |
| Net Margin % | -28.2% | -15.3% | 5.0% | 27.7% | 21.2% |
| Net Income Attributable | -241.0M | 53.7M | 434.0M | 726.0M | 393.0M |
| Minority Interest | -368.0M | -357.0M | -309.0M | 333,800 | -527,900 |
| Eps Basic | -0.17 | 0.04 | 0.31 | 0.65 | 0.64 |
| Eps Diluted | -0.17 | 0.04 | 0.31 | 0.65 | 0.64 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 772.0M | 872.0M | 3.8B | 2.2B | 1.2B |
| Trading Financial Assets | 385.0M | 470.0M | -- | -- | 414.0M |
| Accounts Receivable | 441.0M | 314.0M | 392.0M | 481.0M | 270.0M |
| Notes Receivable | 88.2M | 98.8M | 72.0M | 121.0M | 86.8M |
| Notes And Accounts Receivable | 529.0M | 413.0M | 464.0M | 603.0M | 357.0M |
| Prepayments | 72.8M | 33.4M | 37.5M | 19.6M | 15.8M |
| Inventory | 498.0M | 399.0M | 225.0M | 238.0M | 217.0M |
| Total Current Assets | 2.9B | 2.8B | 4.6B | 3.2B | 2.3B |
| Long Term Equity Investment | 259.0M | 264.0M | 267.0M | 253.0M | 243.0M |
| Fixed Assets | 2.1B | 2.0B | 2.1B | 984.0M | 466.0M |
| Fixed Assets Total | 2.1B | 2.0B | 2.1B | 984.0M | 466.0M |
| Construction In Progress | 681.0M | 620.0M | 229.0M | 70.7M | 129.0M |
| Construction In Progress Total | 681.0M | 620.0M | 229.0M | 70.7M | 129.0M |
| Intangible Assets | 219.0M | 225.0M | 232.0M | 50.4M | 42.4M |
| Long Term Deferred Expenses | -- | -- | -- | -- | -- |
| Total Non Current Assets | 3.4B | 3.2B | 2.9B | 1.4B | 908.0M |
| Total Assets | 6.3B | 6.0B | 7.5B | 4.6B | 3.2B |
| Short Term Borrowings | 3.2M | -- | -- | -- | -- |
| Accounts Payable | 621.0M | 303.0M | 1.3B | 159.0M | 68.9M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 26.1M | 18.7M | 19.8M | 68.3M | 17.9M |
| Total Current Liabilities | 2.7B | 1.4B | 1.9B | 583.0M | 231.0M |
| Long Term Borrowings | -- | -- | -- | 19.8M | -- |
| Total Non Current Liabilities | 772.0M | 91.9M | 85.0M | 57.1M | 34.4M |
| Total Liabilities | 3.5B | 1.5B | 2.0B | 640.0M | 265.0M |
| Paid In Capital | 1.4B | 1.4B | 1.2B | 619.0M | 546.0M |
| Capital Reserve | 181.0M | 977.0M | 2.1B | 1.1B | 756.0M |
| Surplus Reserve | 359.0M | 339.0M | 283.0M | 222.0M | 157.0M |
| Retained Earnings | 1.0B | 1.3B | 1.7B | 2.0B | 1.5B |
| Minority Equity | 128.0M | 765.0M | 202.0M | 8.6M | 8.3M |
| Equity Attributable | 2.7B | 3.7B | 5.3B | 3.9B | 3.0B |
| Total Equity | 2.8B | 4.5B | 5.5B | 3.9B | 3.0B |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 2.2B | 1.7B | 2.5B | 2.3B | 1.6B |
| Tax Refunds Received | 48.6M | 42.2M | 223.0M | 70.8M | 43.7M |
| Total Operating Cash Inflow | 2.5B | 1.8B | 2.9B | 2.4B | 1.8B |
| Cash Paid For Goods | 2.0B | 2.4B | 1.4B | 1.1B | 862.0M |
| Cash Paid To Employees | 293.0M | 267.0M | 301.0M | 229.0M | 203.0M |
| Taxes Paid | 118.0M | 160.0M | 228.0M | 164.0M | 152.0M |
| Total Operating Cash Outflow | 2.7B | 3.1B | 2.2B | 1.8B | 1.5B |
| Operating Cash Flow | -196.0M | -1.2B | 721.0M | 641.0M | 292.0M |
| Total Investing Cash Inflow | 2.0B | 462.0M | 11.2M | 1.3B | 1.4B |
| Total Investing Cash Outflow | 2.4B | 1.8B | 582.0M | 1.0B | 1.6B |
| Investing Cash Flow | -339.0M | -1.3B | -571.0M | 312.0M | -155.0M |
| Cash From Borrowings | 3.2M | -- | -- | 20.0M | -- |
| Dividends And Interest Paid | 36.4M | 374.0M | 97.8M | 82.1M | 42.0M |
| Debt Repayments | -- | -- | 20.0M | -- | -- |
| Total Financing Cash Inflow | 553.0M | 300.0M | 2.2B | 20.0M | -- |
| Total Financing Cash Outflow | 129.0M | 693.0M | 826.0M | 83.0M | 42.9M |
| Financing Cash Flow | 424.0M | -393.0M | 1.4B | -63.0M | -42.9M |
| Net Change In Cash | -89.7M | -2.9B | 1.6B | 947.0M | 87.0M |
| Ending Cash Balance | 769.0M | 859.0M | 3.8B | 2.2B | 1.2B |
| Capex | 568.0M | 478.0M | 581.0M | 114.0M | 195.0M |