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 | 1.7B | 1.7B | 1.6B | 1.9B | 1.3B | 1.7B | 1.1B | 558.0M | 488.0M |
| Revenue Growth % | -2.8% | 9.1% | -15.2% | 40.8% | -19.7% | 48.4% | 100.4% | 14.3% | -- |
| Total Revenue | 1.7B | 1.7B | 1.6B | 1.9B | 1.3B | 1.7B | 1.1B | 558.0M | 488.0M |
| Cost Of Revenue | 1.6B | 1.4B | 1.5B | 1.4B | 885.0M | 962.0M | 785.0M | 429.0M | 405.0M |
| Gross Profit | 108.0M | 352.0M | 87.0M | 457.0M | 448.0M | 697.0M | 333.0M | 129.0M | 83.0M |
| Gross Margin % | 6.4% | 20.3% | 5.5% | 24.3% | 33.6% | 42.0% | 29.8% | 23.1% | 17.0% |
| Total Operating Cost | 2.2B | 1.8B | 1.9B | 1.7B | 1.1B | 1.3B | 949.0M | 495.0M | 468.0M |
| Selling Expenses | 78.1M | 55.4M | 35.9M | 58.4M | 48.1M | 81.3M | 36.9M | 7.8M | 7.3M |
| Admin Expenses | 145.0M | 141.0M | 137.0M | 124.0M | 100.0M | 120.0M | 52.2M | 18.5M | 24.9M |
| Rd Expenses | 237.0M | 153.0M | 114.0M | 89.3M | 54.9M | 83.2M | 40.9M | 29.5M | 17.3M |
| Finance Expenses | 30.6M | 6.9M | 30.0M | 7.0M | 2.5M | 999,700 | 2.0M | 4.2M | 5.0M |
| Operating Income | -434.0M | 6.6M | -243.0M | 170.0M | 255.0M | 370.0M | 176.0M | 65.3M | 20.5M |
| Operating Margin % | -25.7% | 0.4% | -15.3% | 9.1% | 19.1% | 22.3% | 15.7% | 11.7% | 4.2% |
| Non Operating Income | 81,400 | 9.2M | 9.9M | 110,900 | 25,500 | 883,800 | 11,000 | 138,300 | 1.1M |
| Non Operating Expenses | 30.6M | 2.0M | 8.6M | 123,300 | 151,800 | -408,900 | 7.9M | 1.0M | 12,600 |
| Investment Income | 24.6M | 15.6M | 24.8M | -6.0M | -- | -- | -- | -- | -- |
| Fair Value Change Income | -- | 39,100 | 2,500 | 4.8M | -- | -- | -- | -- | -- |
| Asset Disposal Income | 78,700 | -641,400 | -27.4M | 176,300 | 878,700 | -910,500 | -4.6M | -798,000 | -- |
| Asset Impairment Loss | 100.0M | 25.5M | 52.5M | 34.8M | 11.2M | 31.2M | 27.0M | 2.4M | 4.8M |
| Other Income | 54.7M | 37.8M | 50.0M | 25.1M | 26.7M | 18.0M | 11.3M | 3.5M | -- |
| Income Before Tax | -464.0M | 13.8M | -242.0M | 170.0M | 255.0M | 371.0M | 168.0M | 64.4M | 21.6M |
| Income Tax | -76.2M | -5.6M | -55.1M | 14.7M | 35.6M | 44.7M | 21.5M | 7.9M | 4.5M |
| Net Income | -388.0M | 19.3M | -187.0M | 155.0M | 219.0M | 327.0M | 147.0M | 56.5M | 17.2M |
| Net Margin % | -23.0% | 1.1% | -11.8% | 8.3% | 16.4% | 19.7% | 13.1% | 10.1% | 3.5% |
| Net Income Attributable | -353.0M | 40.5M | -152.0M | 156.0M | 219.0M | 327.0M | 147.0M | 56.5M | 17.2M |
| Minority Interest | -34.7M | -21.2M | -34.2M | -1.0M | -- | -- | -- | -- | -- |
| Eps Basic | -2.10 | 0.24 | -1.27 | 2.34 | 3.65 | 5.44 | 2.44 | 0.94 | 0.29 |
| Eps Diluted | -2.10 | 0.24 | -1.27 | 2.34 | 3.65 | 5.44 | 2.44 | 0.94 | 0.29 |
| 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 | 428.0M | 703.0M | 1.2B | 735.0M | 150.0M | 138.0M | 25.8M | 56.4M | 29.2M |
| Trading Financial Assets | 475.0M | -- | 10.0M | 613.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 642.0M | 673.0M | 522.0M | 460.0M | 478.0M | 376.0M | 276.0M | 134.0M | 164.0M |
| Notes Receivable | 29.7M | 10.7M | 60.3M | 116.0M | 62.7M | 178.0M | 144.0M | 65.4M | 48.2M |
| Notes And Accounts Receivable | 672.0M | 684.0M | 583.0M | 576.0M | 541.0M | 554.0M | 420.0M | 200.0M | 212.0M |
| Prepayments | 4.2M | 4.5M | 1.4M | 37.2M | 1.4M | 1.2M | 297,300 | 170,600 | 346,200 |
| Inventory | 237.0M | 312.0M | 217.0M | 291.0M | 195.0M | 103.0M | 95.9M | 45.6M | 40.7M |
| Total Current Assets | 2.4B | 2.6B | 2.5B | 2.6B | 995.0M | 891.0M | 545.0M | 305.0M | 290.0M |
| Long Term Equity Investment | 104,900 | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 1.8B | 1.6B | 1.3B | 346.0M | 283.0M | 211.0M | 126.0M | -- |
| Fixed Assets Total | 1.9B | 1.8B | 1.6B | 1.3B | 346.0M | 283.0M | 211.0M | 126.0M | 116.0M |
| Construction In Progress | -- | 43.5M | 4.6M | 9.6M | 24.5M | 1.8M | 150,900 | -- | -- |
| Construction In Progress Total | 252.0M | 43.5M | 4.6M | 9.6M | 24.5M | 1.8M | 150,900 | -- | -- |
| Intangible Assets | 37.7M | 102.0M | 104.0M | 36.8M | 11.7M | 11.4M | 516,300 | 341,900 | 384,600 |
| Long Term Deferred Expenses | 79.2M | 104.0M | 34.4M | 48.8M | 44.0M | 15.9M | 12.3M | 12.0M | 10.9M |
| Total Non Current Assets | 2.8B | 2.4B | 2.2B | 1.9B | 557.0M | 386.0M | 272.0M | 148.0M | 131.0M |
| Total Assets | 5.2B | 5.0B | 4.7B | 4.5B | 1.6B | 1.3B | 817.0M | 453.0M | 421.0M |
| Short Term Borrowings | 1.3B | 1.1B | 929.0M | 226.0M | 245.0M | 42.2M | 72.4M | 62.5M | 23.4M |
| Accounts Payable | 472.0M | 308.0M | 245.0M | 235.0M | 218.0M | 221.0M | 212.0M | 78.1M | -- |
| Advance Receipts | -- | -- | -- | -- | -- | 2,300 | 639,200 | 188,400 | 199,000 |
| Contract Liabilities | 5.2M | 2.8M | 23.9M | 4.4M | 6.2M | -- | -- | -- | -- |
| Total Current Liabilities | 2.2B | 1.8B | 1.5B | 1.1B | 691.0M | 652.0M | 479.0M | 250.0M | 273.0M |
| Long Term Borrowings | 262.0M | 163.0M | 354.0M | 155.0M | 50.0M | -- | -- | -- | 3.8M |
| Total Non Current Liabilities | 484.0M | 293.0M | 507.0M | 344.0M | 86.1M | 11.6M | 3.1M | 3.7M | 5.3M |
| Total Liabilities | 2.7B | 2.1B | 2.0B | 1.4B | 777.0M | 663.0M | 483.0M | 254.0M | 278.0M |
| Paid In Capital | 169.0M | 120.0M | 80.0M | 80.0M | 60.0M | 60.0M | 60.0M | 60.0M | 60.0M |
| Capital Reserve | 1.9B | 1.9B | 1.9B | 1.9B | 69.9M | 69.9M | 69.1M | 66.5M | 66.3M |
| Surplus Reserve | 60.0M | 60.0M | 60.0M | 60.0M | 60.0M | 56.8M | 22.6M | 7.3M | 1.6M |
| Retained Earnings | 172.0M | 549.0M | 509.0M | 741.0M | 585.0M | 429.0M | 182.0M | 65.6M | 14.7M |
| Minority Equity | 163.0M | 190.0M | 85.8M | 263.0M | -- | -- | -- | -- | -- |
| Equity Attributable | 2.3B | 2.7B | 2.6B | 2.8B | 774.0M | 613.0M | 334.0M | 199.0M | 143.0M |
| Total Equity | 2.5B | 2.8B | 2.7B | 3.1B | 774.0M | 613.0M | 334.0M | 199.0M | 143.0M |
| 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 | 1.7B | 1.7B | 1.8B | 2.0B | 1.5B | 1.6B | 1.1B | 620.0M | 431.0M |
| Tax Refunds Received | 9.1M | 24.8M | 116.0M | 56.3M | 19,600 | 4.4M | 3.9M | -- | -- |
| Total Operating Cash Inflow | 1.7B | 1.7B | 2.0B | 2.2B | 1.6B | 1.6B | 1.2B | 643.0M | 443.0M |
| Cash Paid For Goods | 1.0B | 901.0M | 1.4B | 1.2B | 883.0M | 636.0M | 701.0M | 378.0M | 282.0M |
| Cash Paid To Employees | 629.0M | 554.0M | 538.0M | 459.0M | 340.0M | 317.0M | 209.0M | 140.0M | 82.7M |
| Taxes Paid | 52.2M | 40.2M | 24.9M | 39.2M | 49.1M | 127.0M | 44.5M | 37.4M | 27.5M |
| Total Operating Cash Outflow | 1.8B | 1.6B | 2.0B | 1.8B | 1.4B | 1.3B | 1.0B | 625.0M | 419.0M |
| Operating Cash Flow | -90.1M | 126.0M | -54,000 | 327.0M | 114.0M | 351.0M | 144.0M | 18.0M | 24.0M |
| Total Investing Cash Inflow | 2.1B | 1.0B | 654.0M | 5.1M | 13.8M | 2.0M | 2.2M | 1.1M | -- |
| Total Investing Cash Outflow | 2.8B | 1.7B | 1.0B | 1.6B | 292.0M | 188.0M | 142.0M | 30.9M | 25.1M |
| Investing Cash Flow | -664.0M | -653.0M | -364.0M | -1.6B | -278.0M | -186.0M | -140.0M | -29.8M | -25.1M |
| Cash From Borrowings | 1.5B | 776.0M | 2.2B | 252.0M | 334.0M | 70.7M | 121.0M | 114.0M | 66.9M |
| Dividends And Interest Paid | 34.6M | 13.0M | 101.0M | 16.1M | 65.1M | 53.2M | 21.6M | 15.3M | 3.2M |
| Debt Repayments | 1.2B | 782.0M | 1.3B | 275.0M | 75.8M | 101.0M | 112.0M | 87.4M | 55.0M |
| Total Financing Cash Inflow | 1.6B | 900.0M | 2.3B | 2.2B | 334.0M | 70.7M | 139.0M | 133.0M | 66.9M |
| Total Financing Cash Outflow | 1.3B | 820.0M | 1.5B | 339.0M | 143.0M | 154.0M | 149.0M | 122.0M | 61.0M |
| Financing Cash Flow | 318.0M | 80.9M | 805.0M | 1.9B | 191.0M | -83.7M | -9.9M | 10.8M | 5.9M |
| Net Change In Cash | -437.0M | -447.0M | 449.0M | 587.0M | 23.2M | 85.6M | -4.1M | -1.1M | 4.5M |
| Ending Cash Balance | 266.0M | 703.0M | 1.1B | 701.0M | 114.0M | 91.2M | 5.6M | 9.7M | 10.8M |
| Capex | 507.0M | 410.0M | 564.0M | 332.0M | 279.0M | 188.0M | 142.0M | 30.9M | 25.1M |