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 |
|---|---|---|---|---|---|
| Revenue | 2.3B | 1.7B | 2.0B | 1.2B | 1.0B |
| Revenue Growth % | 35.2% | -12.9% | 60.1% | 20.3% | -- |
| Total Revenue | 2.3B | 1.7B | 2.0B | 1.2B | 1.0B |
| Cost Of Revenue | 1.9B | 1.4B | 1.5B | 1.0B | 758.0M |
| Gross Profit | 410.0M | 331.0M | 439.0M | 222.0M | 268.0M |
| Gross Margin % | 17.6% | 19.2% | 22.2% | 18.0% | 26.1% |
| Total Operating Cost | 2.3B | 1.7B | 1.8B | 1.2B | 922.0M |
| Selling Expenses | 118.0M | 92.5M | 98.1M | 62.7M | 48.0M |
| Admin Expenses | 149.0M | 110.0M | 92.6M | 45.9M | 52.0M |
| Rd Expenses | 70.4M | 56.5M | 63.6M | 38.1M | 38.5M |
| Finance Expenses | 45.2M | 2.8M | -16.5M | 13.4M | 18.1M |
| Operating Income | 53.1M | 21.4M | 188.0M | 57.3M | 128.0M |
| Operating Margin % | 2.3% | 1.2% | 9.5% | 4.6% | 12.5% |
| Non Operating Income | 152,700 | 12.2M | 6.5M | 21.5M | 9.9M |
| Non Operating Expenses | 8.8M | 3.0M | 1.8M | 340,100 | 2.5M |
| Investment Income | -872,500 | -254,900 | 7.3M | -- | -172,900 |
| Fair Value Change Income | -- | 85,300 | -85,300 | -- | 7,100 |
| Asset Disposal Income | 44.6M | -419,300 | 395,600 | -730,700 | 21.7M |
| Asset Impairment Loss | 27.9M | 47.4M | 7.2M | 648,900 | 363,000 |
| Other Income | 28.1M | 19.7M | 5.4M | 2.6M | 2.0M |
| Income Before Tax | 44.5M | 30.6M | 192.0M | 78.5M | 135.0M |
| Income Tax | -979,600 | 3.4M | 16.8M | 7.3M | 20.7M |
| Net Income | 45.5M | 27.1M | 176.0M | 71.2M | 114.0M |
| Net Margin % | 2.0% | 1.6% | 8.9% | 5.8% | 11.1% |
| Net Income Attributable | 57.0M | 45.4M | 179.0M | 71.2M | 114.0M |
| Minority Interest | -11.5M | -18.2M | -3.6M | -- | -- |
| Eps Basic | 0.30 | 0.24 | 0.93 | 0.79 | 1.27 |
| Eps Diluted | 0.30 | 0.24 | 0.93 | 0.79 | 1.27 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 407.0M | 947.0M | 755.0M | 855.0M | 104.0M |
| Accounts Receivable | 357.0M | 298.0M | 229.0M | 148.0M | 154.0M |
| Notes Receivable | -- | 37.7M | 33.2M | -- | 617,500 |
| Notes And Accounts Receivable | 357.0M | 336.0M | 262.0M | 148.0M | 155.0M |
| Prepayments | 34.4M | 13.6M | 32.1M | 17.3M | 6.1M |
| Inventory | 448.0M | 398.0M | 302.0M | 327.0M | 241.0M |
| Total Current Assets | 1.3B | 1.8B | 1.4B | 1.4B | 521.0M |
| Long Term Equity Investment | 4.1M | -- | -- | -- | -- |
| Fixed Assets | -- | 1.4B | 903.0M | 480.0M | 457.0M |
| Fixed Assets Total | 1.8B | 1.4B | 903.0M | 481.0M | 459.0M |
| Construction In Progress | -- | 341.0M | 94.5M | 81.2M | 27.1M |
| Construction In Progress Total | 757.0M | 341.0M | 94.5M | 81.2M | 27.1M |
| Intangible Assets | 383.0M | 250.0M | 264.0M | 69.8M | 71.9M |
| Long Term Deferred Expenses | 87.2M | 47.0M | 43.4M | 38.0M | 34.2M |
| Total Non Current Assets | 3.2B | 2.3B | 1.5B | 701.0M | 607.0M |
| Total Assets | 4.5B | 4.1B | 2.9B | 2.1B | 1.1B |
| Short Term Borrowings | 108.0M | 114.0M | 184.0M | 251.0M | 228.0M |
| Accounts Payable | 349.0M | 300.0M | 165.0M | 116.0M | 153.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 5.9M | 4.9M | 6.6M | 8.8M | 5.5M |
| Total Current Liabilities | 1.2B | 1.1B | 1.0B | 592.0M | 615.0M |
| Long Term Borrowings | 786.0M | 438.0M | 122.0M | 71.8M | 30.6M |
| Total Non Current Liabilities | 1.5B | 1.1B | 203.0M | 115.0M | 53.2M |
| Total Liabilities | 2.7B | 2.3B | 1.2B | 707.0M | 668.0M |
| Paid In Capital | 192.0M | 192.0M | 120.0M | 120.0M | 90.0M |
| Capital Reserve | 904.0M | 904.0M | 976.0M | 977.0M | 179.0M |
| Surplus Reserve | 71.8M | 58.3M | 47.9M | 28.9M | 21.5M |
| Retained Earnings | 373.0M | 368.0M | 369.0M | 233.0M | 169.0M |
| Minority Equity | 138.0M | 150.0M | 167.0M | -- | -- |
| Equity Attributable | 1.7B | 1.7B | 1.5B | 1.4B | 459.0M |
| Total Equity | 1.8B | 1.8B | 1.7B | 1.4B | 459.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 2.5B | 1.8B | 2.0B | 1.3B | 1.0B |
| Tax Refunds Received | 146.0M | 93.4M | 132.0M | 53.1M | 42.0M |
| Total Operating Cash Inflow | 2.7B | 1.9B | 2.2B | 1.4B | 1.1B |
| Cash Paid For Goods | 1.7B | 1.3B | 1.1B | 997.0M | 649.0M |
| Cash Paid To Employees | 387.0M | 305.0M | 277.0M | 195.0M | 154.0M |
| Taxes Paid | 51.1M | 23.6M | 38.8M | 28.4M | 20.7M |
| Total Operating Cash Outflow | 2.4B | 1.8B | 1.5B | 1.3B | 904.0M |
| Operating Cash Flow | 339.0M | 146.0M | 654.0M | 108.0M | 180.0M |
| Total Investing Cash Inflow | 157.0M | 139.0M | 2.3B | 344,800 | 52.6M |
| Total Investing Cash Outflow | 1.3B | 918.0M | 2.8B | 156.0M | 164.0M |
| Investing Cash Flow | -1.1B | -780.0M | -486.0M | -156.0M | -111.0M |
| Cash From Borrowings | 798.0M | 1.2B | 415.0M | 333.0M | 211.0M |
| Dividends And Interest Paid | 60.1M | 50.7M | 43.3M | 13.3M | 9.1M |
| Debt Repayments | 550.0M | 247.0M | 570.0M | 327.0M | 209.0M |
| Total Financing Cash Inflow | 849.0M | 1.3B | 561.0M | 1.5B | 547.0M |
| Total Financing Cash Outflow | 697.0M | 336.0M | 935.0M | 732.0M | 566.0M |
| Financing Cash Flow | 153.0M | 940.0M | -374.0M | 813.0M | -19.5M |
| Net Change In Cash | -590.0M | 313.0M | -196.0M | 765.0M | 46.6M |
| Ending Cash Balance | 349.0M | 939.0M | 627.0M | 823.0M | 58.2M |
| Capex | 1.1B | 810.0M | 423.0M | 156.0M | 164.0M |