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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.9B | 2.7B | 2.4B | 1.9B | 1.4B | 990.0M | 668.0M | 471.0M | 373.0M |
| Revenue Growth % | -28.2% | 14.3% | 27.0% | 35.6% | 38.3% | 48.2% | 41.8% | 26.3% | -- |
| Total Revenue | 1.9B | 2.7B | 2.4B | 1.9B | 1.4B | 990.0M | 668.0M | 471.0M | 373.0M |
| Cost Of Revenue | 1.6B | 2.2B | 1.7B | 1.3B | 961.0M | 701.0M | 474.0M | 345.0M | 288.0M |
| Gross Profit | 287.0M | 520.0M | 628.0M | 531.0M | 408.0M | 289.0M | 194.0M | 126.0M | 85.0M |
| Gross Margin % | 14.8% | 19.3% | 26.6% | 28.6% | 29.8% | 29.2% | 29.0% | 26.8% | 22.8% |
| Total Operating Cost | 1.9B | 2.6B | 2.1B | 1.5B | 1.1B | 845.0M | 591.0M | 419.0M | 338.0M |
| Selling Expenses | 66.6M | 57.4M | 58.1M | 41.5M | 32.5M | 23.6M | 18.1M | 12.2M | 6.5M |
| Admin Expenses | 98.9M | 116.0M | 110.0M | 68.6M | 49.5M | 59.3M | 61.1M | 35.5M | 20.7M |
| Rd Expenses | 70.9M | 98.0M | 84.6M | 64.9M | 47.7M | 34.9M | 29.0M | 22.5M | 18.0M |
| Finance Expenses | 834,300 | 2.2M | 2.0M | -2.8M | -1.4M | -560,600 | 589,100 | -89,800 | -718,000 |
| Operating Income | 70.3M | 89.5M | 292.0M | 337.0M | 271.0M | 149.0M | 77.7M | 54.5M | 35.2M |
| Operating Margin % | 3.6% | 3.3% | 12.4% | 18.2% | 19.8% | 15.1% | 11.6% | 11.6% | 9.4% |
| Non Operating Income | 1.4M | 1.4M | 2.9M | 16.0M | 6.3M | 2.2M | 2.0M | 1.9M | 4.6M |
| Non Operating Expenses | 6.1M | 2.4M | 1.8M | 1.8M | 248,600 | 763,900 | 312,200 | 452,700 | 743,200 |
| Investment Income | 24.9M | 14.9M | 10.9M | 5.2M | 580,900 | -- | -2.5M | 164,700 | -- |
| Fair Value Change Income | 2.1M | 3.2M | -- | 1.5M | -- | -- | -- | -- | -- |
| Asset Disposal Income | -6.9M | -1.6M | 14,100 | 394,500 | 43,500 | 689,500 | 416,500 | 250,000 | -79,100 |
| Asset Impairment Loss | 17.0M | 43.0M | 4.0M | 3.4M | 543,000 | 350,500 | 6.5M | 2.8M | 4.2M |
| Other Income | 7.5M | 13.9M | 11.0M | 6.6M | 23.2M | 3.6M | 2.9M | 2.0M | -- |
| Income Before Tax | 65.6M | 88.5M | 293.0M | 351.0M | 277.0M | 151.0M | 79.4M | 55.9M | 39.0M |
| Income Tax | 12.5M | 8.9M | 37.8M | 49.5M | 39.7M | 23.4M | 12.8M | 7.3M | 4.9M |
| Net Income | 53.1M | 79.6M | 255.0M | 301.0M | 237.0M | 127.0M | 66.7M | 48.6M | 34.2M |
| Net Margin % | 2.7% | 3.0% | 10.8% | 16.2% | 17.3% | 12.8% | 10.0% | 10.3% | 9.2% |
| Net Income Attributable | 53.0M | 78.4M | 256.0M | 301.0M | 237.0M | 127.0M | 66.7M | 48.6M | 34.2M |
| Minority Interest | 157,000 | 1.2M | -1.0M | 25,400 | -- | -- | -- | -- | -- |
| Eps Basic | 0.26 | 0.38 | 1.52 | 2.34 | 2.26 | 1.21 | 0.67 | 0.49 | 0.58 |
| Eps Diluted | 0.26 | 0.38 | 1.52 | 2.34 | 2.26 | 1.21 | 0.67 | 0.49 | 0.58 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 838.0M | 750.0M | 1.9B | 559.0M | 501.0M | 276.0M | 220.0M | 105.0M | 21.7M |
| Trading Financial Assets | 685.0M | 798.0M | -- | 272.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.2B | 1.6B | 1.4B | 932.0M | 683.0M | 405.0M | 234.0M | 143.0M | -- |
| Notes Receivable | 95.2M | 194.0M | 140.0M | 26.6M | 24.4M | 3.8M | 7.3M | 4.0M | -- |
| Notes And Accounts Receivable | 1.2B | 1.8B | 1.6B | 958.0M | 707.0M | 409.0M | 241.0M | 147.0M | 136.0M |
| Prepayments | 102.0M | 140.0M | 90.9M | 44.6M | 21.5M | 32.3M | 20.3M | 29.7M | 22.6M |
| Inventory | 290.0M | 187.0M | 199.0M | 73.7M | 52.1M | 127.0M | 59.0M | 46.9M | 41.4M |
| Total Current Assets | 3.7B | 4.0B | 4.1B | 2.1B | 1.4B | 859.0M | 549.0M | 340.0M | 238.0M |
| Long Term Equity Investment | 28.1M | 2.0M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 390.0M | 186.0M | 89.3M | 78.7M | 82.7M | 83.7M | 81.5M | -- |
| Fixed Assets Total | 700.0M | 390.0M | 186.0M | 89.3M | 78.7M | 82.7M | 83.7M | 81.5M | 19.2M |
| Construction In Progress | -- | 158.0M | 149.0M | 91.2M | -- | -- | 2.4M | 10.2M | -- |
| Construction In Progress Total | 12.0M | 158.0M | 149.0M | 91.2M | -- | -- | 2.4M | 10.2M | 28.1M |
| Intangible Assets | 79.6M | 81.2M | 82.7M | 40.3M | 14.2M | 11.2M | 11.2M | 10.8M | 11.2M |
| Long Term Deferred Expenses | 144,600 | 529,900 | 432,200 | 151,100 | 11,900 | 181,200 | 845,800 | 1.1M | 450,000 |
| Total Non Current Assets | 1.0B | 857.0M | 691.0M | 297.0M | 121.0M | 107.0M | 106.0M | 116.0M | 80.8M |
| Total Assets | 4.7B | 4.9B | 4.7B | 2.4B | 1.5B | 966.0M | 655.0M | 456.0M | 319.0M |
| Short Term Borrowings | 1.0M | 148.0M | 196.0M | -- | 2.4M | 1.5M | 3.0M | 4.1M | 127,000 |
| Accounts Payable | 907.0M | 809.0M | 612.0M | 505.0M | 316.0M | 183.0M | 125.0M | 67.7M | -- |
| Advance Receipts | -- | -- | -- | -- | -- | 145.0M | 81.8M | 45.4M | 4.5M |
| Contract Liabilities | 359.0M | 242.0M | 279.0M | 137.0M | 289.0M | -- | -- | -- | -- |
| Total Current Liabilities | 1.7B | 1.7B | 1.7B | 948.0M | 783.0M | 465.0M | 298.0M | 190.0M | 101.0M |
| Total Non Current Liabilities | 42.5M | 22.1M | 21.9M | 22.9M | 20.3M | 22.1M | 20.4M | 20.4M | 20.1M |
| Total Liabilities | 1.7B | 1.7B | 1.7B | 971.0M | 803.0M | 487.0M | 318.0M | 210.0M | 122.0M |
| Paid In Capital | 207.0M | 207.0M | 171.0M | 140.0M | 105.0M | 105.0M | 105.0M | 100.0M | 100.0M |
| Capital Reserve | 2.0B | 2.0B | 2.0B | 623.0M | 149.0M | 149.0M | 134.0M | 105.0M | 29.4M |
| Surplus Reserve | 104.0M | 104.0M | 104.0M | 79.2M | 48.7M | 24.6M | 11.6M | 4.9M | 6.8M |
| Retained Earnings | 760.0M | 779.0M | 760.0M | 614.0M | 413.0M | 200.0M | 86.2M | 36.2M | 60.8M |
| Minority Equity | 3.6M | 6.4M | -358,600 | 25,400 | -- | -- | -- | -- | -- |
| Equity Attributable | 3.0B | 3.1B | 3.0B | 1.5B | 716.0M | 479.0M | 337.0M | 246.0M | 197.0M |
| Total Equity | 3.0B | 3.1B | 3.0B | 1.5B | 716.0M | 479.0M | 337.0M | 246.0M | 197.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.5B | 2.3B | 1.6B | 1.3B | 1.2B | 875.0M | 632.0M | 496.0M | 266.0M |
| Tax Refunds Received | 439,600 | 18.4M | 323,600 | 303,100 | 181,700 | 930,200 | 972,300 | 496,600 | -- |
| Total Operating Cash Inflow | 2.7B | 2.6B | 2.0B | 1.6B | 1.4B | 1.0B | 813.0M | 541.0M | 298.0M |
| Cash Paid For Goods | 1.8B | 2.1B | 1.4B | 960.0M | 715.0M | 594.0M | 387.0M | 272.0M | 230.0M |
| Cash Paid To Employees | 183.0M | 232.0M | 201.0M | 180.0M | 147.0M | 128.0M | 104.0M | 74.4M | 48.2M |
| Taxes Paid | 23.1M | 60.8M | 128.0M | 56.9M | 110.0M | 49.5M | 15.3M | 12.4M | 13.6M |
| Total Operating Cash Outflow | 2.2B | 2.7B | 2.2B | 1.6B | 1.1B | 969.0M | 705.0M | 428.0M | 335.0M |
| Operating Cash Flow | 494.0M | -98.3M | -219.0M | 46.6M | 253.0M | 66.3M | 107.0M | 113.0M | -37.7M |
| Total Investing Cash Inflow | 2.7B | 1.2B | 526.0M | 2.2B | 530.0M | 848,100 | 2.2M | 2.8M | -- |
| Total Investing Cash Outflow | 2.7B | 2.2B | 449.0M | 2.6B | 550.0M | 9.0M | 8.3M | 40.0M | 34.5M |
| Investing Cash Flow | -82.3M | -970.0M | 77.6M | -410.0M | -19.8M | -8.1M | -6.1M | -37.2M | -34.5M |
| Cash From Borrowings | 10.9M | 148.0M | 233.0M | -- | 2.4M | 1.5M | 3.0M | 5.9M | 127,000 |
| Dividends And Interest Paid | 74.8M | 65.0M | 86.8M | 70.2M | 255,100 | 4.2M | 706,800 | 148,500 | 21,400 |
| Debt Repayments | 158.0M | 196.0M | 37.3M | 2.4M | 1.5M | 3.0M | 4.1M | 1.9M | -- |
| Total Financing Cash Inflow | 13.9M | 183.0M | 1.6B | 518.0M | 3.9M | 1.5M | 17.1M | 5.9M | 79.6M |
| Total Financing Cash Outflow | 337.0M | 267.0M | 132.0M | 98.2M | 1.8M | 7.1M | 4.8M | 2.1M | 21,400 |
| Financing Cash Flow | -323.0M | -83.4M | 1.5B | 420.0M | 2.1M | -5.6M | 12.3M | 3.8M | 79.5M |
| Net Change In Cash | 88.6M | -1.2B | 1.3B | 57.2M | 235.0M | 52.6M | 113.0M | 79.8M | 7.4M |
| Ending Cash Balance | 837.0M | 749.0M | 1.9B | 557.0M | 500.0M | 265.0M | 212.0M | 98.8M | 19.0M |
| Capex | 173.0M | 179.0M | 200.0M | 206.0M | 13.0M | 9.0M | 8.3M | 38.6M | 34.5M |