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 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.3B | 2.8B | 3.0B | 1.7B | 972.0M | 827.0M | 582.0M | 362.0M | 263.0M | 207.0M | 247.0M | 118.0M | 183.0M |
| Revenue Growth % | -18.0% | -6.3% | 73.0% | 76.3% | 17.5% | 42.1% | 60.8% | 37.6% | 27.1% | -16.2% | 109.3% | -35.5% | -- |
| Total Revenue | 2.3B | 2.8B | 3.0B | 1.7B | 972.0M | 827.0M | 582.0M | 362.0M | 263.0M | 207.0M | 247.0M | 118.0M | 183.0M |
| Cost Of Revenue | 1.9B | 2.5B | 2.6B | 1.6B | 806.0M | 672.0M | 420.0M | 215.0M | 139.0M | 119.0M | 187.0M | 95.4M | 153.0M |
| Gross Profit | 363.0M | 245.0M | 342.0M | 139.0M | 166.0M | 155.0M | 162.0M | 147.0M | 124.0M | 88.0M | 60.0M | 22.6M | 30.0M |
| Gross Margin % | 15.9% | 8.8% | 11.5% | 8.1% | 17.1% | 18.7% | 27.8% | 40.6% | 47.1% | 42.5% | 24.3% | 19.2% | 16.4% |
| Total Operating Cost | 2.6B | 3.0B | 2.8B | 1.7B | 915.0M | 743.0M | 482.0M | 264.0M | 181.0M | 152.0M | 217.0M | 114.0M | 176.0M |
| Selling Expenses | 4.7M | 5.4M | 4.5M | 2.9M | 2.6M | 3.6M | 2.6M | 2.8M | 2.3M | 3.0M | 2.6M | 956,200 | 1.3M |
| Admin Expenses | 68.3M | 55.8M | 43.6M | 29.9M | 32.2M | 19.1M | 18.1M | 18.9M | 11.7M | 8.1M | 16.2M | 11.5M | 17.5M |
| Rd Expenses | 60.6M | 62.9M | 75.3M | 30.8M | 34.1M | 22.4M | 20.5M | 10.9M | 8.3M | 7.2M | -- | -- | -- |
| Finance Expenses | 43.7M | 37.9M | 46.6M | 24.8M | 11.0M | 4.1M | 1.8M | 2.3M | 1.0M | 1.4M | 2.3M | 3.2M | 4.7M |
| Operating Income | -289.0M | -189.0M | 161.0M | 31.3M | 59.0M | 84.8M | 101.0M | 98.5M | 82.1M | 55.3M | 30.6M | 4.4M | 7.0M |
| Operating Margin % | -12.7% | -6.8% | 5.4% | 1.8% | 6.1% | 10.3% | 17.4% | 27.2% | 31.2% | 26.7% | 12.4% | 3.7% | 3.8% |
| Non Operating Income | 26,200 | 427,200 | 786,600 | 111,300 | 11.2M | 2.2M | 3.9M | 334,100 | 1.3M | 290,200 | 2.3M | 520,800 | 411,800 |
| Non Operating Expenses | 6.0M | 966,800 | 697,400 | 1.5M | 3.4M | 520,500 | 353,100 | 566,800 | 896,900 | 111,100 | 362,700 | 148,300 | 167,400 |
| Investment Income | 6.3M | -9.7M | 7.1M | 257,000 | 823,000 | 303,000 | 627,800 | 197,500 | 137,500 | 75,700 | -- | -- | -- |
| Fair Value Change Income | -4.0M | 960,000 | 5.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 70,500 | 14,900 | 19,900 | 36,900 | -- | -- | -62,900 | -- | -- | -1,000 | -- | -- | -- |
| Asset Impairment Loss | 95.0M | 98.2M | -- | 2.1M | 473,400 | 389,400 | 2.4M | 223,700 | 2.9M | 3.1M | 2.2M | 1.1M | -374,600 |
| Other Income | 12.2M | 6.5M | 3.5M | 1.9M | 975,400 | 247,400 | 72,800 | 234,300 | -- | -- | -- | -- | -- |
| Income Before Tax | -294.0M | -190.0M | 162.0M | 30.0M | 66.9M | 86.4M | 105.0M | 98.3M | 82.5M | 55.5M | 32.5M | 4.8M | 7.3M |
| Income Tax | 15.5M | 12.9M | 9.8M | -72,100 | 9.1M | 10.7M | 15.4M | 14.8M | 12.7M | 8.2M | 4.9M | 644,800 | 639,400 |
| Net Income | -310.0M | -203.0M | 152.0M | 30.0M | 57.8M | 75.7M | 89.5M | 83.5M | 69.8M | 47.3M | 27.5M | 4.1M | 6.6M |
| Net Margin % | -13.6% | -7.3% | 5.1% | 1.8% | 5.9% | 9.2% | 15.4% | 23.1% | 26.5% | 22.8% | 11.1% | 3.5% | 3.6% |
| Net Income Attributable | -307.0M | -203.0M | 152.0M | 30.0M | 57.8M | 75.7M | 89.5M | 83.5M | 69.8M | 47.3M | 27.5M | 4.1M | 6.6M |
| Minority Interest | -3.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -1.28 | -0.83 | 0.62 | 0.17 | 0.49 | 0.97 | 1.15 | 1.07 | 0.97 | 0.66 | 0.86 | 0.34 | 0.55 |
| Eps Diluted | -1.28 | -0.83 | 0.62 | 0.17 | 0.49 | 0.97 | 1.15 | 1.07 | 0.97 | 0.66 | 0.76 | 0.34 | 0.55 |
| 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 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 467.0M | 557.0M | 232.0M | 93.2M | 49.6M | 53.3M | 30.7M | 57.2M | 84.1M | 1.7M | 2.3M | 8.3M | 243,500 |
| Trading Financial Assets | 75.9M | 960,000 | 205.0M | 50.0M | 30.0M | -- | -- | -- | -- | -- | 300,000 | -- | -- |
| Accounts Receivable | -- | 1.0M | 1.1M | 616,800 | 463,400 | 645,600 | 937,600 | 606,200 | -- | -- | 400,000 | 78,200 | 1,100 |
| Notes Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 900,000 | -- |
| Notes And Accounts Receivable | -- | 1.0M | 1.1M | 616,800 | 463,400 | 645,600 | 937,600 | 606,200 | 89,700 | 386,300 | 400,000 | 978,200 | 1,100 |
| Prepayments | 46.3M | 23.4M | 61.5M | 12.1M | 13.7M | 22.1M | 3.6M | 15.6M | 20.9M | 625,200 | 356,700 | 3.4M | 1.5M |
| Inventory | 325.0M | 345.0M | 393.0M | 213.0M | 154.0M | 101.0M | 76.5M | 50.2M | 22.3M | 23.6M | 33.0M | 16.1M | 9.6M |
| Total Current Assets | 1.1B | 1.1B | 1.2B | 711.0M | 558.0M | 344.0M | 293.0M | 256.0M | 228.0M | 72.3M | 80.7M | 42.2M | 48.5M |
| Long Term Equity Investment | 13.8M | 10.6M | 10.2M | 9.8M | 10.0M | 9.5M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 879.0M | 861.0M | 781.0M | 74.8M | 22.0M | 26.1M | 29.0M | -- | 28.2M | 20.2M | 22.7M | 22.4M |
| Fixed Assets Total | 715.0M | 879.0M | 861.0M | 781.0M | 74.8M | 22.0M | 26.1M | 29.0M | 34.7M | 28.2M | 20.2M | 22.7M | 22.4M |
| Construction In Progress | -- | 322,100 | 25.8M | 40.1M | 731.0M | 589.0M | 76.0M | 1.7M | -- | 9.7M | 490,400 | 21,500 | -- |
| Construction In Progress Total | 1.5M | 322,100 | 25.8M | 40.1M | 731.0M | 644.0M | 105.0M | 1.7M | 530,600 | 9.7M | 490,400 | 21,500 | -- |
| Intangible Assets | 289.0M | 79.7M | 82.7M | 84.9M | 87.2M | 85.3M | 86.9M | 85.6M | 26.7M | 5.7M | 4.6M | 4.7M | 4.8M |
| Long Term Deferred Expenses | -- | 102,600 | 4.4M | 5.2M | 5.0M | 729,400 | 1.1M | 1.6M | 2.0M | -- | -- | -- | -- |
| Total Non Current Assets | 1.1B | 1.0B | 1.1B | 1.0B | 913.0M | 763.0M | 285.0M | 119.0M | 94.0M | 44.2M | 27.7M | 29.8M | 29.6M |
| Total Assets | 2.1B | 2.1B | 2.3B | 1.7B | 1.5B | 1.1B | 577.0M | 375.0M | 322.0M | 116.0M | 108.0M | 72.0M | 78.1M |
| Short Term Borrowings | 537.0M | 489.0M | 600.0M | 470.0M | 265.0M | 108.0M | 69.0M | 10.8M | 56.0M | 5.0M | 40.3M | 33.7M | 25.2M |
| Accounts Payable | 48.5M | 141.0M | 94.1M | 69.1M | 92.0M | 129.0M | 16.3M | 11.2M | -- | -- | 3.2M | 1.4M | 969,100 |
| Advance Receipts | -- | -- | -- | -- | -- | 19.8M | 3.2M | 24.2M | 8.1M | 3.0M | 2.4M | 1.3M | 694,800 |
| Contract Liabilities | 22.3M | 46.2M | 36.0M | 38.2M | 15.5M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.0B | 901.0M | 807.0M | 695.0M | 393.0M | 347.0M | 113.0M | 67.3M | 85.8M | 23.3M | 50.9M | 51.0M | 51.2M |
| Long Term Borrowings | 180.0M | 15.1M | 18.8M | 96.4M | 225.0M | 334.0M | 91.0M | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 661.0M | 481.0M | 462.0M | 162.0M | 244.0M | 334.0M | 91.0M | -- | -- | -- | -- | -- | -- |
| Total Liabilities | 1.7B | 1.4B | 1.3B | 857.0M | 637.0M | 680.0M | 204.0M | 67.3M | 85.8M | 23.3M | 50.9M | 51.0M | 51.2M |
| Paid In Capital | 245.0M | 245.0M | 176.0M | 135.0M | 104.0M | 78.0M | 78.0M | 78.0M | 78.0M | 36.0M | 20.0M | 12.0M | 12.0M |
| Capital Reserve | 291.0M | 291.0M | 361.0M | 401.0M | 433.0M | 76.5M | 76.5M | 76.5M | 76.5M | 2.6M | 2.6M | -- | -- |
| Surplus Reserve | 62.4M | 62.4M | 62.4M | 48.9M | 46.1M | 40.0M | 32.4M | 23.6M | 15.2M | 8.2M | 3.5M | 1.9M | 1.5M |
| Retained Earnings | -135.0M | 172.0M | 396.0M | 269.0M | 252.0M | 231.0M | 187.0M | 129.0M | 66.0M | 46.4M | 31.5M | 7.1M | 13.4M |
| Minority Equity | 71.9M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 402.0M | 729.0M | 1.0B | 854.0M | 835.0M | 426.0M | 374.0M | 307.0M | 236.0M | 93.2M | 57.5M | 21.0M | 26.9M |
| Total Equity | 474.0M | 729.0M | 1.0B | 854.0M | 835.0M | 426.0M | 374.0M | 307.0M | 236.0M | 93.2M | 57.5M | 21.0M | 26.9M |
| 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 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.9B | 3.3B | 3.7B | 1.9B | 1.1B | 954.0M | 656.0M | 439.0M | 313.0M | 242.0M | 291.0M | 138.0M | 212.0M |
| Tax Refunds Received | 554.0M | 426.0M | 532.0M | 245.0M | 273.0M | 363.0M | 279.0M | 223.0M | 154.0M | 126.0M | 44.5M | 49.6M | 18.9M |
| Total Operating Cash Inflow | 3.5B | 3.7B | 4.3B | 2.1B | 1.4B | 1.3B | 954.0M | 670.0M | 471.0M | 369.0M | 342.0M | 189.0M | 232.0M |
| Cash Paid For Goods | 3.0B | 3.1B | 4.0B | 1.9B | 1.3B | 1.1B | 802.0M | 517.0M | 400.0M | 268.0M | 318.0M | 147.0M | 197.0M |
| Cash Paid To Employees | 108.0M | 89.2M | 69.1M | 46.4M | 28.4M | 19.8M | 16.9M | 12.7M | 10.8M | 8.8M | 6.3M | 4.6M | 4.4M |
| Taxes Paid | 416.0M | 78.2M | 39.2M | 25.9M | 31.4M | 31.2M | 41.1M | 24.5M | 31.1M | 14.1M | 12.1M | 1.3M | 2.3M |
| Total Operating Cash Outflow | 3.6B | 3.3B | 4.2B | 2.0B | 1.4B | 1.3B | 905.0M | 568.0M | 453.0M | 299.0M | 349.0M | 164.0M | 211.0M |
| Operating Cash Flow | -112.0M | 429.0M | 123.0M | 83.7M | -5.0M | 75.1M | 49.1M | 102.0M | 18.7M | 69.7M | -7.5M | 24.1M | 21.5M |
| Total Investing Cash Inflow | 357.0M | 630.0M | 141.0M | 154.0M | 163.0M | 262.0M | 332.0M | 4.7M | 20.5M | 8.6M | 957,300 | 22,600 | -- |
| Total Investing Cash Outflow | 673.0M | 587.0M | 429.0M | 317.0M | 472.0M | 618.0M | 538.0M | 69.9M | 79.7M | 30.4M | 2.9M | 4.1M | 1.0M |
| Investing Cash Flow | -316.0M | 43.0M | -288.0M | -163.0M | -310.0M | -355.0M | -206.0M | -65.2M | -59.2M | -21.9M | -2.0M | -4.0M | -1.0M |
| Cash From Borrowings | 1.1B | 1.1B | 1.2B | 661.0M | 838.0M | 569.0M | 274.0M | 90.5M | 167.0M | 211.0M | 219.0M | 156.0M | 150.0M |
| Dividends And Interest Paid | 31.6M | 40.9M | 34.4M | 30.3M | 60.1M | 40.9M | 26.5M | 14.2M | 8.2M | 13.0M | 12.2M | 3.0M | 4.5M |
| Debt Repayments | 576.0M | 1.2B | 1.3B | 567.0M | 857.0M | 221.0M | 125.0M | 136.0M | 116.0M | 246.0M | 212.0M | 147.0M | 166.0M |
| Total Financing Cash Inflow | 1.4B | 1.4B | 1.8B | 732.0M | 1.2B | 569.0M | 274.0M | 90.5M | 248.0M | 211.0M | 228.0M | 156.0M | 150.0M |
| Total Financing Cash Outflow | 970.0M | 1.6B | 1.5B | 624.0M | 931.0M | 263.0M | 153.0M | 154.0M | 126.0M | 259.0M | 224.0M | 168.0M | 171.0M |
| Financing Cash Flow | 391.0M | -218.0M | 315.0M | 108.0M | 314.0M | 306.0M | 121.0M | -63.2M | 123.0M | -48.4M | 3.5M | -12.1M | -20.4M |
| Net Change In Cash | -36.8M | 257.0M | 140.0M | 28.4M | -1.4M | 25.7M | -36.5M | -26.9M | 82.4M | -573,700 | -6.0M | 8.0M | 56,400 |
| Ending Cash Balance | 434.0M | 470.0M | 213.0M | 73.4M | 45.0M | 46.4M | 20.7M | 57.2M | 84.1M | 1.7M | 2.3M | 8.3M | 243,500 |
| Capex | 242.0M | 119.0M | 145.0M | 141.0M | 281.0M | 418.0M | 168.0M | 33.0M | 58.3M | 22.2M | 2.6M | 4.1M | 1.0M |