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 | 1.7B | 795.0M | 488.0M | 239.0M | 147.0M | 122.0M | 32.9M |
| Revenue Growth % | 113.7% | 62.9% | 104.2% | 62.6% | 20.5% | 270.8% | -- |
| Total Revenue | 1.7B | 795.0M | 488.0M | 239.0M | 147.0M | 122.0M | 32.9M |
| Cost Of Revenue | 1.3B | 255.0M | 153.0M | 67.5M | 47.3M | 31.5M | 10.8M |
| Gross Profit | 379.0M | 540.0M | 335.0M | 171.5M | 99.7M | 90.5M | 22.1M |
| Gross Margin % | 22.3% | 67.9% | 68.6% | 71.8% | 67.8% | 74.2% | 67.2% |
| Total Operating Cost | 1.7B | 447.0M | 259.0M | 133.0M | 79.0M | 54.8M | 21.3M |
| Selling Expenses | 102.0M | 53.3M | 25.3M | 14.2M | 8.5M | 8.3M | 4.2M |
| Admin Expenses | 92.2M | 44.3M | 17.0M | 18.8M | 9.3M | 5.4M | 2.7M |
| Rd Expenses | 120.0M | 70.1M | 40.1M | 22.1M | 9.1M | 6.8M | 2.7M |
| Finance Expenses | 12.1M | -10.2M | 784,300 | 71,900 | 75,800 | 216,700 | 140,800 |
| Operating Income | 24.7M | 385.0M | 236.0M | 112.0M | 70.3M | 67.2M | 11.7M |
| Operating Margin % | 1.5% | 48.4% | 48.4% | 46.9% | 47.8% | 55.0% | 35.4% |
| Non Operating Income | 31,900 | 38,200 | 129,200 | 51,100 | 1,500 | 1.9M | 20,800 |
| Non Operating Expenses | 3.7M | 4,200 | 61,600 | 922,500 | 472,400 | 296,700 | 1,600 |
| Investment Income | 30.6M | 13.9M | 2.5M | 1.4M | 286,500 | 186,600 | -- |
| Fair Value Change Income | 2.3M | 7.3M | 250,700 | 72,900 | -- | 41,800 | 13,700 |
| Asset Disposal Income | 1.6M | 175,400 | -1,500 | -- | -- | -- | -- |
| Asset Impairment Loss | 18.0M | 6.2M | 2.8M | 845,100 | 285,000 | -- | 476,500 |
| Other Income | 22.2M | 15.5M | 3.8M | 3.3M | 1.7M | 222,000 | 2,400 |
| Income Before Tax | 21.0M | 385.0M | 236.0M | 111.0M | 69.9M | 68.7M | 11.7M |
| Income Tax | -1.8M | 48.4M | 31.0M | 16.1M | 10.0M | 10.1M | 1.8M |
| Net Income | 22.8M | 336.0M | 205.0M | 94.5M | 59.8M | 58.6M | 9.8M |
| Net Margin % | 1.3% | 42.3% | 42.0% | 39.6% | 40.7% | 48.0% | 29.9% |
| Net Income Attributable | 30.7M | 341.0M | 203.0M | 95.2M | 60.2M | 59.1M | 9.9M |
| Minority Interest | -7.9M | -4.9M | 1.8M | -641,500 | -404,200 | -502,100 | -57,100 |
| Eps Basic | 0.21 | 2.60 | 2.26 | 1.06 | 0.74 | -- | -- |
| Eps Diluted | 0.21 | 2.60 | 2.26 | -- | -- | -- | -- |
| 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 | 542.0M | 766.0M | 70.9M | 83.6M | 113.0M | 9.2M | 8.9M |
| Trading Financial Assets | 1.2B | 1.3B | 110.0M | 60.1M | -- | 12.0M | 5.0M |
| Accounts Receivable | 625.0M | 547.0M | 278.0M | 110.0M | 57.3M | 29.7M | 6.9M |
| Notes Receivable | 20.4M | 116.0M | 165.0M | 66.0M | 16.9M | 36.7M | 52,600 |
| Notes And Accounts Receivable | 645.0M | 663.0M | 443.0M | 176.0M | 74.2M | 66.4M | 7.0M |
| Prepayments | 112.0M | 31.0M | 8.5M | 7.3M | 4.2M | 1.1M | 655,500 |
| Inventory | 684.0M | 456.0M | 186.0M | 101.0M | 29.0M | 26.5M | 15.2M |
| Total Current Assets | 3.6B | 3.3B | 878.0M | 453.0M | 226.0M | 116.0M | 37.8M |
| Fixed Assets | -- | 137.0M | 50.3M | 31.8M | 14.7M | 10.6M | 4.0M |
| Fixed Assets Total | 492.0M | 137.0M | 50.3M | 31.8M | 14.7M | 10.6M | 4.0M |
| Construction In Progress | -- | 55.5M | 44.1M | 23.3M | 6.0M | 3.0M | -- |
| Construction In Progress Total | 132.0M | 55.5M | 44.1M | 23.3M | 6.0M | 3.0M | -- |
| Intangible Assets | 127.0M | 12.8M | 3.5M | 2.6M | 2.8M | 2.5M | 40,800 |
| Long Term Deferred Expenses | 22.1M | 15.2M | 3.3M | 1.1M | 1.2M | 1.5M | 329,100 |
| Total Non Current Assets | 982.0M | 408.0M | 147.0M | 87.7M | 26.7M | 18.1M | 4.4M |
| Total Assets | 4.6B | 3.7B | 1.0B | 540.0M | 252.0M | 134.0M | 42.2M |
| Short Term Borrowings | 488.0M | 74.9M | -- | 1.3M | -- | -- | -- |
| Accounts Payable | 648.0M | 228.0M | 94.9M | 60.6M | 27.0M | 16.9M | 6.3M |
| Advance Receipts | -- | -- | -- | -- | -- | 18.1M | 18.3M |
| Contract Liabilities | 306.0M | 131.0M | 169.0M | 51.1M | 11.9M | -- | -- |
| Total Current Liabilities | 1.6B | 675.0M | 460.0M | 192.0M | 65.7M | 67.9M | 31.3M |
| Long Term Borrowings | 48.5M | 4.7M | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 107.0M | 68.3M | 21.2M | 16.6M | 700,700 | 721,400 | 2,100 |
| Total Liabilities | 1.7B | 744.0M | 481.0M | 209.0M | 66.4M | 68.6M | 31.3M |
| Paid In Capital | 144.0M | 120.0M | 90.0M | 90.0M | 86.3M | -- | -- |
| Capital Reserve | 2.2B | 2.2B | 148.0M | 141.0M | 94.8M | 350,000 | 300,000 |
| Surplus Reserve | 71.7M | 65.6M | 30.3M | 10.5M | 682,500 | 7.0M | 1.0M |
| Retained Earnings | 515.0M | 580.0M | 274.0M | 90.6M | 5.2M | 58.7M | 9.7M |
| Minority Equity | -11.0M | -6.0M | 1.5M | -250,000 | -898,300 | -596,300 | -94,200 |
| Equity Attributable | 2.9B | 3.0B | 542.0M | 332.0M | 187.0M | 66.1M | 11.0M |
| Total Equity | 2.9B | 3.0B | 544.0M | 331.0M | 186.0M | 65.5M | 10.9M |
| 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 | 1.7B | 435.0M | 288.0M | 163.0M | 123.0M | 57.4M | 35.0M |
| Tax Refunds Received | 10.4M | 507,300 | 97,300 | 21,800 | 41,700 | -- | -- |
| Total Operating Cash Inflow | 1.8B | 461.0M | 293.0M | 168.0M | 125.0M | 61.2M | 35.0M |
| Cash Paid For Goods | 1.3B | 177.0M | 70.0M | 41.9M | 15.7M | 6.8M | 2.9M |
| Cash Paid To Employees | 284.0M | 139.0M | 68.1M | 36.8M | 24.7M | 13.2M | 5.6M |
| Taxes Paid | 104.0M | 127.0M | 43.1M | 33.3M | 25.8M | 11.2M | 2.8M |
| Total Operating Cash Outflow | 1.9B | 540.0M | 207.0M | 133.0M | 78.2M | 39.8M | 19.0M |
| Operating Cash Flow | -110.0M | -79.0M | 85.6M | 34.9M | 46.7M | 21.3M | 16.0M |
| Total Investing Cash Inflow | 5.2B | 1.8B | 413.0M | 354.0M | 21.2M | 15.3M | -- |
| Total Investing Cash Outflow | 5.4B | 3.0B | 502.0M | 451.0M | 20.3M | 35.8M | 8.1M |
| Investing Cash Flow | -175.0M | -1.3B | -89.3M | -96.3M | 942,900 | -20.5M | -8.1M |
| Cash From Borrowings | 1.1B | 1.4M | -- | -- | 550,000 | 2.2M | 1.0M |
| Dividends And Interest Paid | 106.0M | 2.0M | -- | -- | 61.3M | 2.8M | 7,300 |
| Debt Repayments | 804.0M | -- | -- | -- | 2.8M | -- | 1.0M |
| Total Financing Cash Inflow | 1.1B | 2.2B | -- | 42.6M | 121.0M | 2.2M | 1.1M |
| Total Financing Cash Outflow | 1.0B | 142.0M | 16.7M | 11.0M | 64.1M | 2.8M | 1.0M |
| Financing Cash Flow | 84.4M | 2.0B | -16.7M | 31.5M | 56.7M | -550,000 | 92,800 |
| Net Change In Cash | -202.0M | 674.0M | -20.0M | -29.9M | 104.0M | 283,800 | 8.0M |
| Ending Cash Balance | 536.0M | 738.0M | 63.6M | 83.6M | 113.0M | 9.2M | 8.9M |
| Capex | 307.0M | 108.0M | 41.9M | 37.7M | 11.0M | 13.7M | 3.1M |