Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | 2.4B | 3.3B | 4.7B | 5.5B | 4.2B |
| Revenue Growth % | -28.7% | -28.2% | -15.8% | 33.4% | -- |
| Total Revenue | 2.4B | 3.3B | 4.7B | 5.5B | 4.2B |
| Cost Of Revenue | 2.1B | 2.8B | 3.7B | 4.3B | 3.5B |
| Gross Profit | 334.0M | 558.0M | 984.0M | 1.3B | 620.0M |
| Gross Margin % | 14.0% | 16.7% | 21.1% | 22.8% | 14.9% |
| Total Operating Cost | 2.3B | 3.0B | 3.9B | 4.6B | 3.8B |
| Selling Expenses | 20.5M | 23.0M | 22.2M | 24.3M | 16.4M |
| Admin Expenses | 109.0M | 114.0M | 125.0M | 166.0M | 116.0M |
| Rd Expenses | 90.5M | 124.0M | 154.0M | 173.0M | 124.0M |
| Finance Expenses | -463,100 | -107.0M | -74.8M | -102.0M | 16.4M |
| Operating Income | 117.0M | 347.0M | 682.0M | 817.0M | 367.0M |
| Operating Margin % | 4.9% | 10.4% | 14.6% | 14.7% | 8.8% |
| Non Operating Income | 9.7M | 4.1M | 19.4M | 1.8M | 1.8M |
| Non Operating Expenses | 298,700 | 945,700 | 7.1M | 639,200 | 6.5M |
| Investment Income | 3.8M | -23.5M | -79.8M | -89.6M | 35.7M |
| Fair Value Change Income | 13.1M | -10.0M | 8.1M | -33.7M | 9.1M |
| Asset Disposal Income | 1.1M | 1.7M | -- | -154,900 | 2.6M |
| Asset Impairment Loss | 3.5M | 1.7M | 19.3M | 58.7M | 13.3M |
| Other Income | 5.7M | 7.7M | 11.9M | 9.6M | 4.6M |
| Income Before Tax | 126.0M | 350.0M | 694.0M | 818.0M | 362.0M |
| Income Tax | 12.7M | 48.1M | 102.0M | 128.0M | 55.7M |
| Net Income | 114.0M | 302.0M | 592.0M | 689.0M | 306.0M |
| Net Margin % | 4.8% | 9.0% | 12.7% | 12.4% | 7.4% |
| Net Income Attributable | 113.0M | 304.0M | 596.0M | 708.0M | 310.0M |
| Minority Interest | 992,100 | -2.3M | -3.6M | -18.3M | -3.9M |
| Eps Basic | 0.19 | 0.51 | 1.12 | 1.39 | 0.61 |
| Eps Diluted | 0.19 | 0.51 | 1.12 | 1.39 | 0.61 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 2.7B | 2.1B | 2.9B | 1.2B | 464.0M |
| Accounts Receivable | 246.0M | 406.0M | 336.0M | 678.0M | 558.0M |
| Notes Receivable | 11.2M | 14.7M | 13.1M | 35.7M | 21.1M |
| Notes And Accounts Receivable | 257.0M | 421.0M | 349.0M | 714.0M | 579.0M |
| Prepayments | 8.4M | 3.3M | 4.4M | 5.9M | 197.0M |
| Inventory | 754.0M | 776.0M | 971.0M | 1.1B | 904.0M |
| Total Current Assets | 4.9B | 4.8B | 4.9B | 3.1B | 2.3B |
| Long Term Equity Investment | 833,800 | 788,400 | 6.4M | 9.7M | 27.5M |
| Fixed Assets | -- | 437.0M | 444.0M | 342.0M | 336.0M |
| Fixed Assets Total | 419.0M | 437.0M | 444.0M | 342.0M | 336.0M |
| Construction In Progress | -- | 21.8M | 31.3M | 87.1M | 52.4M |
| Construction In Progress Total | 20.3M | 21.8M | 31.3M | 87.1M | 52.4M |
| Intangible Assets | 71.3M | 75.0M | 73.1M | 61.0M | 52.2M |
| Long Term Deferred Expenses | 1.8M | 310,100 | 407,900 | 510,000 | 404,200 |
| Total Non Current Assets | 638.0M | 673.0M | 710.0M | 712.0M | 649.0M |
| Total Assets | 5.5B | 5.5B | 5.6B | 3.8B | 3.0B |
| Short Term Borrowings | -- | -- | -- | -- | 100.0M |
| Accounts Payable | 276.0M | 300.0M | 332.0M | 608.0M | 562.0M |
| Advance Receipts | 199,800 | 199,800 | 199,800 | 199,800 | 199,800 |
| Contract Liabilities | 341.0M | 52.1M | 120.0M | 135.0M | 135.0M |
| Total Current Liabilities | 846.0M | 634.0M | 791.0M | 1.1B | 1.1B |
| Long Term Borrowings | -- | -- | -- | 24.8M | 28.6M |
| Total Non Current Liabilities | 104.0M | 116.0M | 128.0M | 152.0M | 110.0M |
| Total Liabilities | 949.0M | 750.0M | 919.0M | 1.3B | 1.2B |
| Paid In Capital | 600.0M | 600.0M | 600.0M | 510.0M | 510.0M |
| Capital Reserve | 2.9B | 2.9B | 2.9B | 975.0M | 965.0M |
| Surplus Reserve | 212.0M | 201.0M | 171.0M | 111.0M | 35.3M |
| Retained Earnings | 808.0M | 970.0M | 966.0M | 931.0M | 299.0M |
| Minority Equity | -2.7M | -2.2M | 71,800 | 3.7M | 21.9M |
| Equity Attributable | 4.6B | 4.7B | 4.7B | 2.5B | 1.8B |
| Total Equity | 4.6B | 4.7B | 4.7B | 2.5B | 1.8B |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 2.9B | 3.2B | 5.0B | 5.4B | 3.8B |
| Tax Refunds Received | 168.0M | 136.0M | 298.0M | 409.0M | 252.0M |
| Total Operating Cash Inflow | 3.1B | 3.4B | 5.4B | 5.9B | 4.1B |
| Cash Paid For Goods | 1.9B | 2.5B | 3.8B | 4.2B | 3.7B |
| Cash Paid To Employees | 416.0M | 444.0M | 495.0M | 518.0M | 429.0M |
| Taxes Paid | 61.4M | 69.1M | 145.0M | 131.0M | 36.3M |
| Total Operating Cash Outflow | 2.4B | 3.1B | 4.5B | 4.9B | 4.2B |
| Operating Cash Flow | 719.0M | 302.0M | 918.0M | 998.0M | -118.0M |
| Total Investing Cash Inflow | 1.3B | 657.0M | 18.8M | 851,100 | 44.4M |
| Total Investing Cash Outflow | 1.1B | 1.4B | 798.0M | 162.0M | 94.1M |
| Investing Cash Flow | 240.0M | -751.0M | -779.0M | -161.0M | -49.8M |
| Cash From Borrowings | -- | -- | -- | -- | 521.0M |
| Dividends And Interest Paid | 266.0M | 271.0M | 502.0M | 2.1M | 23.6M |
| Debt Repayments | 800,000 | 24.8M | 3.8M | 104.0M | 425.0M |
| Total Financing Cash Inflow | -- | -- | 2.0B | -- | 573.0M |
| Total Financing Cash Outflow | 284.0M | 312.0M | 531.0M | 121.0M | 471.0M |
| Financing Cash Flow | -284.0M | -312.0M | 1.5B | -121.0M | 102.0M |
| Net Change In Cash | 614.0M | -745.0M | 1.7B | 754.0M | -77.7M |
| Ending Cash Balance | 2.7B | 2.1B | 2.9B | 1.2B | 464.0M |
| Capex | 35.8M | 56.8M | 88.9M | 77.5M | 88.1M |