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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.6B | 2.5B | 2.2B | 1.4B | 1.1B | 1.1B | 1.1B | 925.0M |
| Revenue Growth % | 46.2% | 12.1% | 55.4% | 29.1% | -1.7% | 0.4% | 20.2% | -- |
| Total Revenue | 3.6B | 2.5B | 2.2B | 1.4B | 1.1B | 1.1B | 1.1B | 925.0M |
| Cost Of Revenue | 3.0B | 2.0B | 1.8B | 1.2B | 936.0M | 962.0M | 945.0M | 811.0M |
| Gross Profit | 646.0M | 441.0M | 450.0M | 257.0M | 162.0M | 155.0M | 167.0M | 114.0M |
| Gross Margin % | 17.9% | 17.9% | 20.4% | 18.1% | 14.8% | 13.9% | 15.0% | 12.3% |
| Total Operating Cost | 3.5B | 2.4B | 2.0B | 1.3B | 1.0B | 1.1B | 1.1B | 894.0M |
| Selling Expenses | 145.0M | 106.0M | 90.9M | 45.5M | 32.5M | 41.5M | 40.5M | 31.3M |
| Admin Expenses | 172.0M | 101.0M | 69.7M | 34.3M | 25.2M | 23.5M | 26.9M | 34.8M |
| Rd Expenses | 66.8M | 63.3M | 50.1M | 36.8M | 22.2M | 19.2M | 12.9M | 6.0M |
| Finance Expenses | 41.2M | 32.5M | 34.9M | 15.0M | 8.9M | 17.6M | 24.8M | 11.8M |
| Operating Income | 72.5M | 75.0M | 200.0M | 120.0M | 76.4M | 51.3M | 55.1M | 30.9M |
| Operating Margin % | 2.0% | 3.0% | 9.1% | 8.5% | 7.0% | 4.6% | 5.0% | 3.3% |
| Non Operating Income | 99.0M | 1.6M | 419,000 | 388,400 | 1.1M | 558,200 | 1.7M | 2.2M |
| Non Operating Expenses | 2.3M | 311,500 | 1.4M | 105,000 | 68,500 | 242,000 | 104,000 | 1.1M |
| Investment Income | -69.1M | -27.7M | 856,700 | 205,000 | 0.00 | -2.1M | 202,800 | -362,100 |
| Fair Value Change Income | -18.6M | 2.8M | 356,600 | -466,900 | 367,400 | 198,000 | -- | -- |
| Asset Disposal Income | 94,200 | -7,200 | 3,200 | 4,500 | -- | 700.00 | 1,100 | -109,100 |
| Asset Impairment Loss | 55.7M | 30.3M | 4.7M | 4.0M | -1.1M | -211,600 | 5.9M | -1.5M |
| Other Income | 5.1M | 2.9M | 6.7M | 1.0M | 4.0M | -- | -- | -- |
| Income Before Tax | 169.0M | 76.3M | 199.0M | 120.0M | 77.5M | 51.6M | 56.7M | 31.9M |
| Income Tax | 22.8M | 15.9M | 35.0M | 27.4M | 18.4M | 13.7M | 14.0M | 7.1M |
| Net Income | 146.0M | 60.4M | 164.0M | 92.9M | 59.1M | 37.9M | 42.7M | 24.9M |
| Net Margin % | 4.0% | 2.4% | 7.4% | 6.6% | 5.4% | 3.4% | 3.8% | 2.7% |
| Net Income Attributable | 124.0M | 53.3M | 154.0M | 92.4M | 59.6M | 38.5M | 44.3M | 24.8M |
| Minority Interest | 22.4M | 7.2M | 9.5M | 484,300 | -489,000 | -640,700 | -1.6M | 42,100 |
| Eps Basic | 1.20 | 0.51 | 1.93 | 1.50 | 0.99 | 0.64 | -- | -- |
| Eps Diluted | 1.20 | 0.51 | 1.93 | 1.50 | 0.99 | 0.64 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 524.0M | 452.0M | 214.0M | 276.0M | 49.3M | 43.1M | 22.5M | 7.9M |
| Trading Financial Assets | 99.9M | 120.0M | 58.3M | 84.2M | 76.1M | 38.6M | -- | -- |
| Accounts Receivable | 1.5B | 877.0M | 797.0M | 524.0M | 432.0M | 417.0M | 350.0M | 293.0M |
| Notes Receivable | 102.0M | 83.4M | 109.0M | 21.2M | -- | -- | 19.9M | 28.9M |
| Notes And Accounts Receivable | 1.6B | 961.0M | 907.0M | 545.0M | 432.0M | 417.0M | 370.0M | 322.0M |
| Prepayments | 70.5M | 145.0M | 28.7M | 41.7M | 6.8M | 8.4M | 11.5M | 20.0M |
| Inventory | 722.0M | 304.0M | 407.0M | 167.0M | 80.8M | 104.0M | 114.0M | 55.5M |
| Total Current Assets | 3.1B | 2.0B | 1.6B | 1.1B | 656.0M | 616.0M | 528.0M | 423.0M |
| Long Term Equity Investment | -- | 132.0M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 30.0M | 30.9M | 29.3M | 31.1M | 31.7M | 31.9M | 940,000 |
| Fixed Assets Total | 250.0M | 30.0M | 30.9M | 29.5M | 31.1M | 31.7M | 31.9M | 940,000 |
| Construction In Progress | -- | 3.8M | 2.0M | -- | -- | -- | -- | -- |
| Construction In Progress Total | 4.0M | 3.8M | 2.0M | -- | -- | -- | -- | -- |
| Intangible Assets | 284.0M | 256.0M | 292.0M | 6.8M | 11.2M | 12.3M | 9.7M | 4.6M |
| Long Term Deferred Expenses | 4.3M | 5.3M | 4.8M | 3.7M | 2.5M | 3.0M | 3.0M | 966,500 |
| Total Non Current Assets | 782.0M | 633.0M | 502.0M | 58.0M | 57.2M | 58.9M | 60.0M | 40.6M |
| Total Assets | 3.8B | 2.7B | 2.1B | 1.2B | 713.0M | 675.0M | 588.0M | 464.0M |
| Short Term Borrowings | 1.3B | 724.0M | 547.0M | 215.0M | 192.0M | 133.0M | 87.0M | 72.3M |
| Accounts Payable | 514.0M | 200.0M | 190.0M | 90.9M | 123.0M | 204.0M | 180.0M | 199.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 2.7M | 1.9M | 5.3M |
| Contract Liabilities | 10.6M | 5.9M | 6.9M | 7.4M | 5.5M | -- | -- | -- |
| Total Current Liabilities | 2.0B | 1.1B | 925.0M | 350.0M | 351.0M | 367.0M | 319.0M | 330.0M |
| Long Term Borrowings | 84.1M | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 402.0M | 315.0M | 53.6M | 446,600 | -- | -- | -- | -- |
| Total Liabilities | 2.4B | 1.4B | 979.0M | 350.0M | 351.0M | 367.0M | 319.0M | 330.0M |
| Paid In Capital | 105.0M | 80.0M | 80.0M | 80.0M | 60.0M | 60.0M | 58.8M | 50.0M |
| Capital Reserve | 578.0M | 522.0M | 522.0M | 523.0M | 159.0M | 159.0M | 102.0M | 20.1M |
| Surplus Reserve | 20.4M | 20.3M | 19.4M | 13.2M | 6.7M | 2.4M | 6.2M | 3.0M |
| Retained Earnings | 482.0M | 364.0M | 351.0M | 227.0M | 141.0M | 86.1M | 102.0M | 61.1M |
| Minority Equity | 244.0M | 175.0M | 173.0M | -2.4M | -2.7M | -944,500 | -1.6M | -- |
| Equity Attributable | 1.2B | 1.1B | 982.0M | 841.0M | 365.0M | 309.0M | 270.0M | 133.0M |
| Total Equity | 1.5B | 1.3B | 1.2B | 839.0M | 362.0M | 308.0M | 269.0M | 133.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 3.6B | 2.5B | 2.1B | 1.3B | 797.0M | 839.0M | 846.0M | 725.0M |
| Tax Refunds Received | 5.9M | 6.8M | 6.1M | 1.9M | 419,500 | 1.3M | -- | -- |
| Total Operating Cash Inflow | 3.6B | 2.5B | 2.1B | 1.3B | 804.0M | 840.0M | 846.0M | 727.0M |
| Cash Paid For Goods | 3.2B | 2.3B | 2.1B | 1.5B | 1.1B | 1.0B | 1.2B | 915.0M |
| Cash Paid To Employees | 215.0M | 158.0M | 141.0M | 76.0M | 64.4M | 59.0M | 42.5M | 28.0M |
| Taxes Paid | 75.0M | 80.1M | 63.7M | 42.0M | 32.3M | 24.7M | 35.2M | 16.8M |
| Total Operating Cash Outflow | 3.6B | 2.6B | 2.4B | 1.6B | 1.2B | 1.1B | 1.3B | 981.0M |
| Operating Cash Flow | -7.2M | -124.0M | -276.0M | -320.0M | -383.0M | -298.0M | -417.0M | -255.0M |
| Total Investing Cash Inflow | 250.0M | 36.8M | 28.0M | 13.9M | 300,000 | 11.0M | 10.8M | 83.9M |
| Total Investing Cash Outflow | 503.0M | 316.0M | 222.0M | 16.4M | 1.5M | 18.1M | 21.2M | 47.6M |
| Investing Cash Flow | -253.0M | -279.0M | -194.0M | -2.5M | -1.2M | -7.1M | -10.4M | 36.2M |
| Cash From Borrowings | 2.3B | 1.3B | 1.2B | 868.0M | 1.1B | 888.0M | 732.0M | 512.0M |
| Dividends And Interest Paid | 45.6M | 71.7M | 61.8M | 13.4M | 13.5M | 14.0M | 15.8M | 10.2M |
| Debt Repayments | 1.8B | 948.0M | 724.0M | 690.0M | 651.0M | 529.0M | 362.0M | 290.0M |
| Total Financing Cash Inflow | 2.3B | 1.7B | 1.2B | 1.3B | 1.1B | 898.0M | 822.0M | 521.0M |
| Total Financing Cash Outflow | 1.9B | 1.0B | 793.0M | 758.0M | 671.0M | 564.0M | 391.0M | 307.0M |
| Financing Cash Flow | 317.0M | 650.0M | 406.0M | 552.0M | 393.0M | 334.0M | 431.0M | 214.0M |
| Net Change In Cash | 56.8M | 238.0M | -61.5M | 229.0M | 7.4M | 29.0M | 3.6M | -4.2M |
| Ending Cash Balance | 504.0M | 448.0M | 210.0M | 271.0M | 42.3M | 34.9M | 5.9M | 2.3M |
| Capex | 67.3M | 18.4M | 9.3M | 4.1M | 1.5M | 5.8M | 11.6M | 29.3M |