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 | 1.3B | 699.0M | 768.0M | 530.0M | 405.0M |
| Revenue Growth % | 90.0% | -9.0% | 44.9% | 30.9% | -- |
| Total Revenue | 1.3B | 699.0M | 768.0M | 530.0M | 405.0M |
| Cost Of Revenue | 1.2B | 453.0M | 475.0M | 374.0M | 298.0M |
| Gross Profit | 177.0M | 246.0M | 293.0M | 156.0M | 107.0M |
| Gross Margin % | 13.3% | 35.2% | 38.2% | 29.4% | 26.4% |
| Total Operating Cost | 1.4B | 593.0M | 580.0M | 463.0M | 366.0M |
| Selling Expenses | 56.4M | 14.2M | 12.4M | 11.1M | 9.4M |
| Admin Expenses | 97.8M | 85.2M | 46.5M | 36.2M | 27.7M |
| Rd Expenses | 45.5M | 40.0M | 37.6M | 32.6M | 22.8M |
| Finance Expenses | 13.0M | -4.4M | -4.4M | 2.4M | 5.2M |
| Operating Income | -56.6M | 112.0M | 191.0M | 68.5M | 48.3M |
| Operating Margin % | -4.3% | 16.0% | 24.9% | 12.9% | 11.9% |
| Non Operating Income | 710,800 | 154,800 | 183,900 | 63,500 | 2.1M |
| Non Operating Expenses | 2.1M | 1.8M | 7.8M | 3.7M | 7.6M |
| Investment Income | -13.9M | -1.0M | -4.0M | -2.2M | 2.3M |
| Fair Value Change Income | -164,100 | 152,300 | -- | 1.5M | -- |
| Asset Disposal Income | 46,400 | 113,400 | 247,900 | 2,700 | 9,400 |
| Asset Impairment Loss | 5.4M | 4.9M | 2.7M | 501,900 | 937,300 |
| Other Income | 11.1M | 6.9M | 6.0M | 2.2M | 7.5M |
| Income Before Tax | -58.0M | 111.0M | 183.0M | 64.8M | 42.8M |
| Income Tax | -21.1M | 18.5M | 25.9M | 7.5M | 4.6M |
| Net Income | -36.9M | 92.2M | 157.0M | 57.3M | 38.2M |
| Net Margin % | -2.8% | 13.2% | 20.4% | 10.8% | 9.4% |
| Net Income Attributable | -32.9M | 88.4M | 153.0M | 56.4M | 38.4M |
| Minority Interest | -4.0M | 3.8M | 4.3M | 877,100 | -215,300 |
| Eps Basic | -0.09 | 0.24 | 0.43 | 0.34 | 0.32 |
| Eps Diluted | -0.09 | 0.24 | 0.43 | 0.34 | 0.32 |
| 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 | 643.0M | 662.0M | 618.0M | 333.0M | 416.0M |
| Trading Financial Assets | -- | -- | -- | 1.5M | -- |
| Accounts Receivable | 173.0M | 123.0M | 154.0M | 83.9M | 65.1M |
| Notes Receivable | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 173.0M | 123.0M | 154.0M | 83.9M | 65.1M |
| Prepayments | 7.1M | 14.5M | 13.3M | 9.0M | 23.0M |
| Inventory | 176.0M | 170.0M | 89.1M | 62.6M | 64.1M |
| Total Current Assets | 1.2B | 1.1B | 980.0M | 637.0M | 731.0M |
| Long Term Equity Investment | 78.3M | 83.0M | 171.0M | 73.5M | 45.0M |
| Fixed Assets | -- | 481.0M | 363.0M | 395.0M | 299.0M |
| Fixed Assets Total | 811.0M | 481.0M | 363.0M | 395.0M | 299.0M |
| Construction In Progress | -- | 448.0M | 324.0M | 72.9M | 133.0M |
| Construction In Progress Total | 278.0M | 448.0M | 324.0M | 72.9M | 133.0M |
| Intangible Assets | 468.0M | 443.0M | 174.0M | 177.0M | 36.6M |
| Long Term Deferred Expenses | 12.5M | 9.5M | -- | -- | -- |
| Total Non Current Assets | 2.0B | 1.8B | 1.1B | 761.0M | 575.0M |
| Total Assets | 3.2B | 2.9B | 2.1B | 1.4B | 1.3B |
| Short Term Borrowings | 203.0M | 140.0M | 136.0M | 105.0M | 100.0M |
| Accounts Payable | 160.0M | 161.0M | 91.0M | 54.6M | 54.5M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 24.2M | 26.4M | 16.4M | 23.4M | 30.9M |
| Total Current Liabilities | 812.0M | 804.0M | 332.0M | 283.0M | 268.0M |
| Long Term Borrowings | 519.0M | 305.0M | 105.0M | 26.0M | -- |
| Total Non Current Liabilities | 588.0M | 417.0M | 137.0M | 26.4M | 131,300 |
| Total Liabilities | 1.4B | 1.2B | 469.0M | 309.0M | 268.0M |
| Paid In Capital | 361.0M | 361.0M | 201.0M | 121.0M | 121.0M |
| Capital Reserve | 940.0M | 824.0M | 984.0M | 671.0M | 680.0M |
| Surplus Reserve | 40.5M | 38.1M | 34.9M | 28.1M | 24.5M |
| Retained Earnings | 397.0M | 447.0M | 386.0M | 248.0M | 202.0M |
| Minority Equity | 55.0M | 28.9M | 24.5M | 20.2M | 10.7M |
| Equity Attributable | 1.7B | 1.7B | 1.6B | 1.1B | 1.0B |
| Total Equity | 1.8B | 1.7B | 1.6B | 1.1B | 1.0B |
| 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 | 1.2B | 698.0M | 620.0M | 469.0M | 359.0M |
| Tax Refunds Received | 45.3M | 43.9M | 90.6M | 26.4M | 35.6M |
| Total Operating Cash Inflow | 1.3B | 759.0M | 746.0M | 498.0M | 404.0M |
| Cash Paid For Goods | 1.0B | 459.0M | 425.0M | 288.0M | 240.0M |
| Cash Paid To Employees | 131.0M | 90.2M | 66.1M | 56.4M | 47.8M |
| Taxes Paid | 37.3M | 54.6M | 44.9M | 37.0M | 9.9M |
| Total Operating Cash Outflow | 1.2B | 646.0M | 560.0M | 402.0M | 315.0M |
| Operating Cash Flow | 17.1M | 113.0M | 187.0M | 95.6M | 88.1M |
| Total Investing Cash Inflow | 68,900 | 3.7M | 7.3M | 5.0M | 225.0M |
| Total Investing Cash Outflow | 356.0M | 449.0M | 370.0M | 246.0M | 414.0M |
| Investing Cash Flow | -356.0M | -446.0M | -363.0M | -241.0M | -189.0M |
| Cash From Borrowings | 577.0M | 437.0M | 310.0M | 187.0M | 120.0M |
| Dividends And Interest Paid | 38.8M | 34.0M | 20.9M | 11.5M | 14.9M |
| Debt Repayments | 301.0M | 184.0M | 220.0M | 117.0M | 52.0M |
| Total Financing Cash Inflow | 773.0M | 437.0M | 703.0M | 187.0M | 120.0M |
| Total Financing Cash Outflow | 427.0M | 219.0M | 242.0M | 129.0M | 71.9M |
| Financing Cash Flow | 347.0M | 218.0M | 461.0M | 58.0M | 48.5M |
| Net Change In Cash | 13.4M | -111.0M | 284.0M | -87.5M | -54.2M |
| Ending Cash Balance | 509.0M | 495.0M | 607.0M | 322.0M | 410.0M |
| Capex | 272.0M | 359.0M | 270.0M | 216.0M | 151.0M |