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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 802.0M | 1.0B | 607.0M | 374.0M | 207.0M | 156.0M | 82.1M | 25.6M | 23.8M | 16.2M | 6.0M | 3.0M |
| Revenue Growth % | -21.1% | 67.5% | 62.3% | 80.7% | 32.7% | 90.0% | 221.0% | 7.5% | 46.8% | 172.2% | 99.1% | -- |
| Total Revenue | 802.0M | 1.0B | 607.0M | 374.0M | 207.0M | 156.0M | 82.1M | 25.6M | 23.8M | 16.2M | 6.0M | 3.0M |
| Cost Of Revenue | 385.0M | 351.0M | 198.0M | 123.0M | 70.9M | 59.1M | 37.7M | 15.4M | 8.5M | 5.0M | 4.6M | 2.0M |
| Gross Profit | 417.0M | 666.0M | 409.0M | 251.0M | 136.1M | 96.9M | 44.4M | 10.2M | 15.3M | 11.2M | 1.4M | 965,500 |
| Gross Margin % | 52.0% | 65.5% | 67.4% | 67.1% | 65.8% | 62.1% | 54.0% | 39.7% | 64.2% | 69.3% | 23.3% | 32.3% |
| Total Operating Cost | 851.0M | 737.0M | 444.0M | 264.0M | 154.0M | 108.0M | 73.1M | 34.2M | 21.0M | 9.3M | 8.1M | 4.2M |
| Selling Expenses | 15.0M | 9.7M | 7.8M | 6.7M | 1.9M | 3.8M | 3.2M | 483,600 | 204,300 | 126,800 | 51,300 | 54,200 |
| Admin Expenses | 77.5M | 129.0M | 101.0M | 47.9M | 44.6M | 29.2M | 18.1M | 9.3M | 11.8M | 5.0M | 3.1M | 1.8M |
| Rd Expenses | 318.0M | 241.0M | 166.0M | 81.1M | 33.5M | 15.7M | 12.4M | 8.5M | -- | -- | -- | -- |
| Finance Expenses | 4.2M | -21.2M | -41.8M | 881,200 | 66,600 | -597,000 | 597,000 | 419,200 | 239,000 | 22,200 | 2,000 | 1,200 |
| Operating Income | -34.4M | 297.0M | 189.0M | 119.0M | 64.8M | 51.1M | 12.1M | -9.1M | 2.0M | 6.0M | -2.2M | -1.2M |
| Operating Margin % | -4.3% | 29.2% | 31.1% | 31.8% | 31.3% | 32.7% | 14.7% | -35.6% | 8.5% | 37.2% | -36.5% | -38.8% |
| Non Operating Income | 400,800 | 384,700 | 2.4M | 145,600 | 1.0M | 300.00 | 3,700 | 250,000 | 1.5M | 30,000 | 100,000 | 118,200 |
| Non Operating Expenses | 2.1M | 1.7M | 165,800 | 187,400 | 652,800 | 31,600 | 21,600 | 337,900 | 12,100 | 45,900 | 9,500 | 7,300 |
| Investment Income | -5.6M | -107,900 | -1.1M | -650,700 | 955,200 | 551,200 | 2.9M | -622,300 | -802,100 | -855,800 | -- | -- |
| Fair Value Change Income | -- | -- | -2.9M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -- | 780,700 | 15,200 | -- | -- | -1,900 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 10.1M | 12.9M | 2.9M | 1.4M | 1.0M | -- | 872,100 | 114,800 | 166,900 | -816,100 | 433,700 | 275,200 |
| Other Income | 20.2M | 16.2M | 29.4M | 9.7M | 10.4M | 2.4M | 181,000 | 160,000 | -- | -- | -- | -- |
| Income Before Tax | -36.1M | 296.0M | 191.0M | 119.0M | 65.1M | 51.0M | 12.1M | -9.2M | 3.5M | 6.0M | -2.1M | -1.1M |
| Income Tax | 16.9M | 23.7M | -3.1M | 8.0M | 7.9M | 6.0M | 610,600 | -1.8M | 373,200 | 1.1M | -466,300 | -149,900 |
| Net Income | -52.9M | 272.0M | 194.0M | 111.0M | 57.2M | 45.0M | 11.5M | -7.4M | 3.1M | 4.9M | -1.6M | -900,500 |
| Net Margin % | -6.6% | 26.7% | 32.0% | 29.7% | 27.6% | 28.9% | 14.0% | -28.9% | 13.0% | 30.4% | -27.2% | -30.1% |
| Net Income Attributable | -52.7M | 272.0M | 194.0M | 111.0M | 57.4M | 44.4M | 11.0M | -7.1M | 3.1M | 4.9M | -1.6M | -900,500 |
| Minority Interest | -180,200 | 48,600 | -121,400 | -118,800 | -210,200 | 624,000 | 432,900 | -280,100 | -48,400 | -- | -- | -- |
| Eps Basic | -0.49 | 2.51 | 1.80 | 1.37 | 0.71 | 0.60 | 0.18 | -0.12 | 0.27 | 0.51 | -0.23 | -0.90 |
| Eps Diluted | -0.49 | 2.51 | 1.79 | 1.37 | 0.71 | 0.60 | 0.18 | -0.12 | 0.27 | 0.51 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 429.0M | 882.0M | 1.2B | 2.0B | 134.0M | 189.0M | 79.3M | 14.0M | 1.8M | 4.6M | 33,100 | 70,000 |
| Trading Financial Assets | 83.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 361.0M | 200.0M | 150.0M | 76.8M | 34.5M | 26.8M | 13.6M | 3.2M | 4.2M | 301,300 | 41,200 | -- |
| Notes Receivable | -- | 13.3M | 2.4M | 456,000 | 9.2M | -- | -- | 450,000 | -- | -- | -- | -- |
| Notes And Accounts Receivable | 361.0M | 213.0M | 152.0M | 77.2M | 43.7M | 26.8M | 13.6M | 3.6M | 4.2M | 301,300 | 41,200 | -- |
| Prepayments | 32.4M | 42.3M | 24.0M | 13.2M | 10.0M | 3.2M | 3.5M | 3.6M | 9.2M | 11.2M | 401,800 | 545,200 |
| Inventory | 177.0M | 93.2M | 66.1M | 22.9M | 3.6M | 2.5M | 1.6M | 943,500 | 407,000 | 287,000 | 169,600 | 74,600 |
| Total Current Assets | 1.5B | 1.6B | 1.6B | 2.2B | 239.0M | 233.0M | 110.0M | 27.5M | 16.6M | 16.8M | 2.4M | 2.6M |
| Long Term Equity Investment | 35.1M | 16.4M | -- | 765,400 | 1.7M | -- | 282,300 | 7.4M | 4.8M | 5.1M | -- | -- |
| Fixed Assets | -- | 1.3B | 522.0M | 447.0M | 66.8M | 47.2M | 35.9M | 24.1M | 11.7M | 4.6M | 4.0M | 3.1M |
| Fixed Assets Total | 1.6B | 1.3B | 522.0M | 447.0M | 66.8M | 47.2M | 35.9M | 24.1M | 11.7M | 4.6M | 4.0M | 3.1M |
| Construction In Progress | -- | 448.0M | 546.0M | 104.0M | 187.0M | 6.2M | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 207.0M | 449.0M | 546.0M | 104.0M | 187.0M | 6.2M | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 93.4M | 92.1M | 82.4M | 60.8M | 62.0M | 57.0M | 1.3M | 2.4M | 58,500 | -- | -- | -- |
| Long Term Deferred Expenses | 1.4M | 246,600 | 4.0M | 14.4M | 18.3M | 6.3M | 5.2M | 5.0M | 1.6M | 1.1M | 1.3M | 1.5M |
| Total Non Current Assets | 2.2B | 2.1B | 1.3B | 699.0M | 401.0M | 146.0M | 46.3M | 49.5M | 18.6M | 11.4M | 6.6M | 5.2M |
| Total Assets | 3.7B | 3.7B | 2.9B | 2.9B | 640.0M | 379.0M | 156.0M | 77.0M | 35.2M | 28.1M | 9.1M | 7.8M |
| Short Term Borrowings | 360.0M | 369.0M | -- | 5.0M | 19.0M | -- | 12.0M | 12.0M | 5.0M | 500,000 | -- | -- |
| Accounts Payable | 135.0M | 220.0M | 139.0M | 130.0M | 34.0M | 3.8M | 2.3M | 1.2M | 1.0M | 864,300 | 1.7M | 2.8M |
| Advance Receipts | -- | -- | -- | -- | -- | 60.6M | 44.7M | 27.8M | 10.1M | 12.5M | 6.4M | 4.9M |
| Contract Liabilities | 112.0M | 74.0M | 62.6M | 71.2M | 50.4M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 769.0M | 846.0M | 291.0M | 473.0M | 122.0M | 74.3M | 67.9M | 45.1M | 18.1M | 14.7M | 10.8M | 10.1M |
| Long Term Borrowings | 244.0M | -- | -- | 40.4M | 135.0M | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 372.0M | 139.0M | 157.0M | 134.0M | 178.0M | 25.6M | 13.0M | 4.4M | 182,600 | 403,000 | 357,300 | -- |
| Total Liabilities | 1.1B | 985.0M | 447.0M | 607.0M | 300.0M | 99.9M | 80.9M | 49.5M | 18.3M | 15.1M | 11.2M | 10.1M |
| Paid In Capital | 109.0M | 109.0M | 108.0M | 108.0M | 81.1M | 81.1M | 44.2M | 13.7M | 11.5M | 11.5M | 2.8M | 1.0M |
| Capital Reserve | 2.1B | 2.1B | 2.1B | 2.0B | 186.0M | 173.0M | 36.4M | 30.7M | 210,500 | 210,500 | -- | -- |
| Surplus Reserve | 54.6M | 54.5M | 42.8M | 20.7M | 9.0M | 3.3M | -- | -- | 344,600 | 1,300 | -- | -- |
| Retained Earnings | 359.0M | 444.0M | 270.0M | 163.0M | 64.5M | 20.9M | -6.6M | -17.7M | 4.1M | 1.3M | -4.9M | -3.3M |
| Minority Equity | -- | -- | -258,600 | -137,200 | -18,400 | 288,500 | 1.3M | 747,800 | 731,600 | -- | -- | -- |
| Equity Attributable | 2.6B | 2.7B | 2.5B | 2.3B | 340.0M | 278.0M | 74.1M | 26.7M | 16.2M | 13.0M | -2.1M | -2.3M |
| Total Equity | 2.6B | 2.7B | 2.5B | 2.3B | 340.0M | 279.0M | 75.3M | 27.5M | 16.9M | 13.0M | -2.1M | -2.3M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 575.0M | 687.0M | 542.0M | 384.0M | 179.0M | 171.0M | 99.9M | 39.0M | 17.4M | 17.8M | 7.6M | 4.2M |
| Tax Refunds Received | 33.2M | 28.4M | 67.9M | -- | 1.1M | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 652.0M | 809.0M | 684.0M | 398.0M | 194.0M | 175.0M | 103.0M | 43.9M | 24.6M | 20.2M | 7.9M | 5.3M |
| Cash Paid For Goods | 317.0M | 264.0M | 102.0M | 83.4M | 37.1M | 19.4M | 13.5M | 4.9M | 2.7M | 7.3M | 2.0M | 828,400 |
| Cash Paid To Employees | 343.0M | 275.0M | 189.0M | 108.0M | 67.1M | 45.4M | 24.3M | 12.9M | 6.9M | 4.5M | 2.7M | 1.2M |
| Taxes Paid | 28.0M | 29.3M | 26.0M | 16.8M | 9.0M | 13.3M | 2.7M | 803,100 | 81,900 | 306,000 | 27,500 | 23,700 |
| Total Operating Cash Outflow | 848.0M | 719.0M | 425.0M | 253.0M | 140.0M | 104.0M | 57.3M | 33.2M | 22.5M | 17.6M | 6.7M | 3.1M |
| Operating Cash Flow | -196.0M | 90.5M | 259.0M | 145.0M | 54.4M | 71.5M | 45.4M | 10.7M | 2.0M | 2.6M | 1.1M | 2.2M |
| Total Investing Cash Inflow | 473.0M | 140.0M | 7.9M | 91.3M | 172.0M | 275.0M | 41.9M | -- | -- | -- | -- | -- |
| Total Investing Cash Outflow | 937.0M | 907.0M | 699.0M | 342.0M | 428.0M | 379.0M | 57.4M | 34.0M | 9.8M | 8.7M | 3.0M | 2.4M |
| Investing Cash Flow | -465.0M | -767.0M | -691.0M | -251.0M | -256.0M | -104.0M | -15.5M | -34.0M | -9.8M | -8.7M | -3.0M | -2.4M |
| Cash From Borrowings | 1.2B | 469.0M | 300.0M | 132.0M | 163.0M | -- | 24.0M | 17.0M | 5.0M | 1.0M | -- | -- |
| Dividends And Interest Paid | 48.8M | 92.8M | 66.6M | 10.1M | 8.7M | 13.9M | 940,100 | 4.6M | 239,800 | 25,700 | -- | -- |
| Debt Repayments | 905.0M | 100.0M | 567.0M | 19.0M | 9.0M | 12.0M | 24.0M | 10.0M | 500,000 | 500,000 | -- | -- |
| Total Financing Cash Inflow | 1.3B | 491.0M | 300.0M | 2.0B | 163.0M | 168.0M | 60.4M | 52.3M | 5.8M | 11.2M | 1.8M | -- |
| Total Financing Cash Outflow | 956.0M | 246.0M | 666.0M | 40.3M | 18.0M | 25.9M | 24.9M | 16.9M | 739,800 | 525,700 | -- | -- |
| Financing Cash Flow | 298.0M | 244.0M | -366.0M | 2.0B | 145.0M | 142.0M | 35.4M | 35.4M | 5.0M | 10.7M | 1.8M | -- |
| Net Change In Cash | -362.0M | -433.0M | -798.0M | 1.9B | -56.2M | 109.0M | 65.3M | 12.2M | -2.7M | 4.5M | -36,900 | -147,600 |
| Ending Cash Balance | 416.0M | 778.0M | 1.2B | 2.0B | 133.0M | 189.0M | 79.3M | 14.0M | 1.8M | 4.6M | 33,100 | 70,000 |
| Capex | 395.0M | 689.0M | 592.0M | 248.0M | 255.0M | 107.0M | 19.4M | 31.0M | 9.3M | 2.7M | 3.0M | 2.4M |