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 |
|---|---|---|---|---|---|---|---|
| Revenue | 547.0M | 478.0M | 356.0M | 198.0M | 124.0M | 66.1M | 31.2M |
| Revenue Growth % | 14.4% | 34.3% | 79.8% | 59.7% | 87.5% | 112.2% | -- |
| Total Revenue | 547.0M | 478.0M | 356.0M | 198.0M | 124.0M | 66.1M | 31.2M |
| Cost Of Revenue | 208.0M | 190.0M | 115.0M | 46.6M | 18.3M | 5.3M | 2.6M |
| Gross Profit | 339.0M | 288.0M | 241.0M | 151.4M | 105.7M | 60.9M | 28.6M |
| Gross Margin % | 62.0% | 60.3% | 67.7% | 76.5% | 85.3% | 92.0% | 91.6% |
| Total Operating Cost | 542.0M | 405.0M | 259.0M | 146.0M | 84.8M | 49.3M | 42.7M |
| Selling Expenses | 45.8M | 38.0M | 29.6M | 19.4M | 11.2M | 6.6M | 4.5M |
| Admin Expenses | 42.6M | 38.3M | 26.0M | 18.1M | 12.8M | 11.4M | 10.9M |
| Rd Expenses | 277.0M | 207.0M | 124.0M | 65.5M | 40.5M | 26.8M | 24.7M |
| Finance Expenses | -44.2M | -74.3M | -39.3M | -4.9M | 891,800 | -1.2M | 3,400 |
| Operating Income | 54.6M | 114.0M | 130.0M | 68.7M | 53.8M | 21.4M | -11.0M |
| Operating Margin % | 10.0% | 23.8% | 36.5% | 34.7% | 43.4% | 32.3% | -35.4% |
| Non Operating Income | 9,200 | 100.00 | 6,800 | 100.00 | 84.00 | 13,200 | 86,300 |
| Non Operating Expenses | 428,800 | 512,500 | 377,400 | 253,800 | 42,500 | 2,200 | 2,500 |
| Investment Income | 13.6M | -206,600 | 552,600 | 0.00 | -- | -- | -1.1M |
| Fair Value Change Income | 53,400 | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -- | 271,500 | 22,800 | -- | -- | -- | -- |
| Asset Impairment Loss | 733,800 | 100,900 | 352,300 | 5,800 | 518,100 | -- | -246,200 |
| Other Income | 36.3M | 41.6M | 32.9M | 17.0M | 14.7M | 4.5M | 1.5M |
| Income Before Tax | 54.2M | 113.0M | 130.0M | 68.5M | 53.8M | 21.4M | -11.0M |
| Income Tax | -30.1M | -16.4M | 7.3M | 4.7M | 4.0M | 2.4M | -986,500 |
| Net Income | 84.3M | 130.0M | 122.0M | 63.7M | 49.8M | 19.0M | -10.0M |
| Net Margin % | 15.4% | 27.2% | 34.3% | 32.2% | 40.1% | 28.7% | -32.0% |
| Net Income Attributable | 80.3M | 129.0M | 122.0M | 63.7M | 49.9M | 19.3M | -10.0M |
| Minority Interest | 4.0M | 906,000 | -- | -- | -108,500 | -333,600 | -300.00 |
| Eps Basic | 0.40 | 0.64 | 0.73 | 0.42 | 0.34 | -- | -- |
| Eps Diluted | 0.40 | 0.64 | 0.73 | 0.42 | 0.34 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 1.6B | 2.5B | 2.9B | 172.0M | 220.0M | 75.2M | 33.9M |
| Trading Financial Assets | 10.1M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 367.0M | 304.0M | 176.0M | 113.0M | 35.1M | 10.1M | 928,600 |
| Notes And Accounts Receivable | 367.0M | 304.0M | 176.0M | 113.0M | 35.1M | 10.1M | 928,600 |
| Prepayments | 1.9M | 1.8M | 740,700 | 320,400 | 1.1M | 377,000 | 717,200 |
| Inventory | 251.0M | 298.0M | 138.0M | 59.9M | 29.6M | 5.6M | 4.1M |
| Total Current Assets | 2.5B | 3.2B | 3.3B | 358.0M | 290.0M | 94.5M | 41.4M |
| Long Term Equity Investment | 45.8M | 29.8M | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 215.0M | 62.2M | 41.1M | 23.4M | 9.4M | 867,100 |
| Fixed Assets Total | 175.0M | 215.0M | 62.2M | 41.1M | 23.4M | 9.4M | 867,100 |
| Construction In Progress | -- | 43.1M | 5.9M | 9.1M | -- | -- | -- |
| Construction In Progress Total | 117.0M | 43.1M | 5.9M | 9.1M | -- | -- | -- |
| Intangible Assets | 14.2M | 9.5M | 1.0M | 50,700 | 93,000 | 135,200 | 177,400 |
| Long Term Deferred Expenses | 571,300 | 1.3M | 2.9M | 2.4M | 3.8M | 243,600 | 693,900 |
| Total Non Current Assets | 938.0M | 391.0M | 234.0M | 73.7M | 29.0M | 12.6M | 5.8M |
| Total Assets | 3.4B | 3.5B | 3.5B | 432.0M | 319.0M | 107.0M | 47.2M |
| Accounts Payable | 50.0M | 47.7M | 44.5M | 20.0M | 4.3M | 200.00 | -- |
| Advance Receipts | -- | -- | -- | -- | -- | 24.3M | 21.5M |
| Contract Liabilities | 57.0M | 73.7M | 140.0M | 6.1M | 5.7M | -- | -- |
| Total Current Liabilities | 200.0M | 227.0M | 255.0M | 61.0M | 27.8M | 35.8M | 29.0M |
| Long Term Borrowings | 50.8M | 55.7M | 60.7M | -- | -- | -- | -- |
| Total Non Current Liabilities | 58.2M | 61.0M | 71.1M | 7.8M | 8.1M | 76,000 | 24,100 |
| Total Liabilities | 258.0M | 288.0M | 326.0M | 68.7M | 36.0M | 35.9M | 29.0M |
| Paid In Capital | 200.0M | 200.0M | 200.0M | 150.0M | 150.0M | 11.0M | 10.0M |
| Capital Reserve | 2.8B | 2.8B | 2.8B | 120.0M | 104.0M | 46.1M | 13.1M |
| Surplus Reserve | 31.4M | 25.6M | 20.0M | 9.5M | 3.2M | 3.0M | 2.0M |
| Retained Earnings | 225.0M | 238.0M | 195.0M | 83.4M | 25.9M | 10.9M | -7.4M |
| Minority Equity | 6.7M | 2.7M | -- | -- | -- | 166,100 | 499,700 |
| Equity Attributable | 3.1B | 3.3B | 3.2B | 363.0M | 283.0M | 71.0M | 17.7M |
| Total Equity | 3.1B | 3.3B | 3.2B | 363.0M | 283.0M | 71.2M | 18.2M |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash From Sales | 503.0M | 330.0M | 489.0M | 139.0M | 89.5M | 63.4M | 65.4M |
| Tax Refunds Received | 18.9M | 17.1M | 10.4M | 1.9M | 1.9M | 323,900 | 734,300 |
| Total Operating Cash Inflow | 580.0M | 458.0M | 544.0M | 158.0M | 195.0M | 93.7M | 67.4M |
| Cash Paid For Goods | 163.0M | 394.0M | 191.0M | 69.4M | 43.1M | 9.3M | 8.2M |
| Cash Paid To Employees | 256.0M | 177.0M | 103.0M | 59.8M | 38.0M | 24.4M | 16.1M |
| Taxes Paid | 35.1M | 34.0M | 24.4M | 5.6M | 2.9M | 4.3M | 2.7M |
| Total Operating Cash Outflow | 533.0M | 670.0M | 345.0M | 150.0M | 170.0M | 85.3M | 35.9M |
| Operating Cash Flow | 46.9M | -212.0M | 199.0M | 8.3M | 24.8M | 8.3M | 31.5M |
| Total Investing Cash Inflow | 5.2B | 208,500 | 80.6M | -- | -- | -- | 1.1M |
| Total Investing Cash Outflow | 5.9B | 151.0M | 250.0M | 47.9M | 20.3M | 7.3M | 1.1M |
| Investing Cash Flow | -698.0M | -151.0M | -169.0M | -47.9M | -20.3M | -7.3M | 23,500 |
| Cash From Borrowings | 52.0M | 73.0M | 60.7M | -- | -- | -- | -- |
| Dividends And Interest Paid | 89.6M | 81.8M | -- | -- | -- | -- | 15.0M |
| Debt Repayments | 57.0M | 73.0M | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 61.4M | 73.4M | 3.0B | -- | 155.0M | 28.0M | 500,000 |
| Total Financing Cash Outflow | 295.0M | 163.0M | 232.0M | 7.9M | 500,000 | -- | 15.0M |
| Financing Cash Flow | -233.0M | -89.3M | 2.7B | -7.9M | 154.0M | 28.0M | -14.5M |
| Net Change In Cash | -884.0M | -452.0M | 2.8B | -47.8M | 157.0M | 29.4M | 17.0M |
| Ending Cash Balance | 1.6B | 2.5B | 2.9B | 172.0M | 220.0M | 63.2M | 33.8M |
| Capex | 88.1M | 84.3M | 170.0M | 47.9M | 20.3M | 7.3M | 1.1M |