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 | 1.1B | 674.0M | 457.0M | 422.0M | 420.0M | 347.0M | 249.0M | 123.0M |
| Revenue Growth % | 67.2% | 47.5% | 8.3% | 0.5% | 21.0% | 39.4% | 102.4% | -- |
| Total Revenue | 1.1B | 674.0M | 457.0M | 422.0M | 420.0M | 347.0M | 249.0M | 123.0M |
| Cost Of Revenue | 785.0M | 465.0M | 313.0M | 264.0M | 259.0M | 201.0M | 160.0M | 69.4M |
| Gross Profit | 342.0M | 209.0M | 144.0M | 158.0M | 161.0M | 146.0M | 89.0M | 53.6M |
| Gross Margin % | 30.3% | 31.0% | 31.5% | 37.4% | 38.3% | 42.1% | 35.7% | 43.5% |
| Total Operating Cost | 1.0B | 639.0M | 440.0M | 370.0M | 351.0M | 278.0M | 220.0M | 112.0M |
| Selling Expenses | 29.5M | 27.3M | 28.7M | 23.2M | 19.9M | 15.8M | 14.2M | 7.2M |
| Admin Expenses | 54.4M | 39.8M | 34.1M | 23.4M | 24.4M | 26.1M | 18.7M | 22.2M |
| Rd Expenses | 103.0M | 70.7M | 51.5M | 44.0M | 34.5M | 27.6M | 20.1M | 9.1M |
| Finance Expenses | 1.2M | -56,500 | -1.2M | -31,100 | -314,700 | 304,300 | 813,800 | 107,400 |
| Operating Income | 126.0M | 60.5M | 38.5M | 58.6M | 76.9M | 71.5M | 30.6M | 13.3M |
| Operating Margin % | 11.2% | 9.0% | 8.4% | 13.9% | 18.3% | 20.6% | 12.3% | 10.8% |
| Non Operating Income | 714,100 | 71,300 | 36,200 | 30,700 | 22,500 | 14,100 | 58,800 | 8,400 |
| Non Operating Expenses | 1.8M | 915,500 | 2.0M | 477,400 | 539,100 | 138,300 | 134,400 | 468,800 |
| Investment Income | 4.1M | 6.4M | 9.3M | 3.0M | 1.7M | 212,700 | 30.14 | 122,900 |
| Fair Value Change Income | 584,800 | 7.7M | 848,700 | -- | -- | -- | -- | -- |
| Asset Disposal Income | -359,900 | 535,900 | -277,400 | -188,600 | -108,900 | -298,500 | -- | -- |
| Asset Impairment Loss | 26.1M | 24.5M | 10.5M | 11.1M | 9.3M | 3.9M | 3.7M | 2.2M |
| Other Income | 10.1M | 10.4M | 12.1M | 3.4M | 6.6M | 2.2M | 2.0M | 2.3M |
| Income Before Tax | 125.0M | 59.6M | 36.5M | 58.2M | 76.4M | 71.4M | 30.5M | 12.9M |
| Income Tax | 5.6M | -650,700 | -1.9M | 3.0M | 12.1M | 8.1M | 3.4M | 957,900 |
| Net Income | 119.0M | 60.3M | 38.4M | 55.2M | 64.3M | 63.2M | 27.1M | 11.9M |
| Net Margin % | 10.6% | 8.9% | 8.4% | 13.1% | 15.3% | 18.2% | 10.9% | 9.7% |
| Net Income Attributable | 97.5M | 55.7M | 38.4M | 55.2M | 64.3M | 61.6M | 27.1M | 11.9M |
| Minority Interest | 21.7M | 4.5M | -8,800 | -- | -- | 1.6M | -- | -- |
| Eps Basic | 1.32 | 0.75 | 0.52 | 0.97 | 1.16 | 1.21 | -- | -- |
| Eps Diluted | 1.32 | 0.75 | 0.52 | 0.97 | 1.16 | 1.21 | -- | -- |
| 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 | 321.0M | 107.0M | 380.0M | 573.0M | 76.8M | 38.3M | 15.4M | 7.8M |
| Trading Financial Assets | 40.6M | 308.0M | 128.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 433.0M | 319.0M | 161.0M | 155.0M | 139.0M | 113.0M | 94.3M | 44.5M |
| Notes Receivable | 5.7M | 20.7M | 1.6M | 5.4M | 95,000 | 980,500 | 384,600 | 333,400 |
| Notes And Accounts Receivable | 439.0M | 340.0M | 162.0M | 161.0M | 139.0M | 114.0M | 94.7M | 44.8M |
| Prepayments | 40.0M | 2.9M | 2.2M | 3.9M | 151,100 | 816,500 | 609,200 | 283,100 |
| Inventory | 332.0M | 122.0M | 76.2M | 47.0M | 24.7M | 48.7M | 30.7M | 14.2M |
| Total Current Assets | 1.3B | 894.0M | 765.0M | 805.0M | 266.0M | 266.0M | 143.0M | 68.6M |
| Fixed Assets | -- | 156.0M | 136.0M | 85.6M | 55.5M | 31.2M | 16.3M | 15.6M |
| Fixed Assets Total | 178.0M | 156.0M | 136.0M | 85.6M | 55.5M | 31.2M | 16.3M | 15.6M |
| Construction In Progress | -- | -- | 975,500 | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | 975,500 | -- | -- | -- | -- | -- |
| Intangible Assets | 11.8M | 12.8M | 3.8M | 3.1M | 2.7M | 591,700 | 230,100 | 118,700 |
| Long Term Deferred Expenses | 10.0M | 4.7M | 1.7M | 2.2M | 3.3M | 3.6M | -- | -- |
| Total Non Current Assets | 330.0M | 295.0M | 228.0M | 108.0M | 68.6M | 38.3M | 19.7M | 17.0M |
| Total Assets | 1.6B | 1.2B | 993.0M | 913.0M | 334.0M | 304.0M | 163.0M | 85.6M |
| Short Term Borrowings | 59.7M | 7.5M | -- | -- | -- | -- | 13.5M | 5.8M |
| Accounts Payable | 357.0M | 142.0M | 53.4M | 39.1M | 32.5M | 64.4M | 48.0M | 23.5M |
| Advance Receipts | -- | -- | -- | -- | -- | 1.1M | 3.7M | 10,500 |
| Contract Liabilities | 76.7M | 15.8M | 3.1M | 1.6M | 3.3M | -- | -- | -- |
| Total Current Liabilities | 585.0M | 239.0M | 94.7M | 78.5M | 56.1M | 96.1M | 80.8M | 46.2M |
| Total Non Current Liabilities | 70.9M | 74.4M | 74.2M | 14.8M | 7.1M | 2.5M | 890,000 | -- |
| Total Liabilities | 656.0M | 313.0M | 169.0M | 93.4M | 63.2M | 98.6M | 81.6M | 46.2M |
| Paid In Capital | 73.9M | 73.9M | 73.9M | 73.9M | 55.4M | 55.4M | 21.0M | 20.5M |
| Capital Reserve | 549.0M | 563.0M | 563.0M | 563.0M | 88.2M | 87.0M | 24.6M | 10.1M |
| Surplus Reserve | 23.3M | 17.7M | 13.5M | 11.8M | 9.0M | 5.4M | 3.7M | 1.7M |
| Retained Earnings | 226.0M | 185.0M | 171.0M | 171.0M | 119.0M | 58.1M | 32.2M | 7.1M |
| Minority Equity | 57.3M | 34.6M | 2.4M | -- | -- | -- | -- | -- |
| Equity Attributable | 872.0M | 840.0M | 821.0M | 820.0M | 271.0M | 206.0M | 81.5M | 39.4M |
| Total Equity | 929.0M | 875.0M | 824.0M | 820.0M | 271.0M | 206.0M | 81.5M | 39.4M |
| 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 | 1.1B | 613.0M | 523.0M | 456.0M | 450.0M | 371.0M | 240.0M | 131.0M |
| Tax Refunds Received | 1.2M | 2.3M | 657,700 | 3.0M | 419,700 | 614,300 | 1.1M | 3.0M |
| Total Operating Cash Inflow | 1.1B | 624.0M | 547.0M | 462.0M | 462.0M | 376.0M | 244.0M | 139.0M |
| Cash Paid For Goods | 704.0M | 364.0M | 285.0M | 246.0M | 247.0M | 182.0M | 136.0M | 56.3M |
| Cash Paid To Employees | 267.0M | 176.0M | 150.0M | 126.0M | 115.0M | 87.1M | 64.9M | 35.4M |
| Taxes Paid | 61.6M | 47.3M | 21.6M | 26.4M | 43.4M | 25.3M | 25.2M | 17.3M |
| Total Operating Cash Outflow | 1.1B | 613.0M | 491.0M | 418.0M | 429.0M | 311.0M | 239.0M | 135.0M |
| Operating Cash Flow | 47.4M | 10.7M | 55.9M | 44.4M | 32.6M | 64.5M | 5.1M | 3.2M |
| Total Investing Cash Inflow | 986.0M | 1.2B | 1.4B | 703.0M | 252.0M | 30.8M | 141,000 | 37.1M |
| Total Investing Cash Outflow | 781.0M | 1.4B | 1.6B | 754.0M | 246.0M | 174.0M | 8.8M | 47.2M |
| Investing Cash Flow | 204.0M | -223.0M | -180.0M | -51.6M | 6.0M | -144.0M | -8.6M | -10.1M |
| Cash From Borrowings | 70.0M | -- | -- | -- | -- | 9.8M | 35.6M | 9.4M |
| Dividends And Interest Paid | 52.6M | 37.1M | 37.1M | -- | -- | 368,700 | 5.3M | 15.3M |
| Debt Repayments | 17.8M | 5.2M | 3.8M | -- | -- | 23.3M | 27.9M | 3.5M |
| Total Financing Cash Inflow | 71.1M | -- | 2.5M | 512.0M | -- | 126.0M | 44.3M | 24.4M |
| Total Financing Cash Outflow | 108.0M | 60.7M | 66.1M | 13.5M | -- | 23.7M | 33.2M | 18.9M |
| Financing Cash Flow | -37.2M | -60.7M | -63.6M | 498.0M | -- | 102.0M | 11.1M | 5.5M |
| Net Change In Cash | 215.0M | -273.0M | -188.0M | 491.0M | 38.5M | 22.9M | 7.6M | -1.3M |
| Ending Cash Balance | 321.0M | 107.0M | 380.0M | 568.0M | 76.8M | 38.3M | 15.4M | 7.8M |
| Capex | 67.9M | 36.3M | 74.9M | 52.9M | 36.4M | 25.8M | 8.6M | 10.2M |