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 |
|---|---|---|---|---|---|---|
| Revenue | 961.0M | 702.0M | 530.0M | 328.0M | 197.0M | 108.0M |
| Revenue Growth % | 36.9% | 32.5% | 61.6% | 66.5% | 82.4% | -- |
| Total Revenue | 961.0M | 702.0M | 530.0M | 328.0M | 197.0M | 108.0M |
| Cost Of Revenue | 611.0M | 420.0M | 331.0M | 182.0M | 101.0M | 48.8M |
| Gross Profit | 350.0M | 282.0M | 199.0M | 146.0M | 96.0M | 59.2M |
| Gross Margin % | 36.4% | 40.2% | 37.5% | 44.5% | 48.7% | 54.8% |
| Total Operating Cost | 780.0M | 559.0M | 418.0M | 242.0M | 145.0M | 78.1M |
| Selling Expenses | 9.7M | 9.3M | 8.4M | 6.6M | 3.8M | 3.6M |
| Admin Expenses | 49.4M | 42.2M | 41.4M | 28.6M | 19.7M | 13.2M |
| Rd Expenses | 57.1M | 49.7M | 29.1M | 20.6M | 14.4M | 11.6M |
| Finance Expenses | 16.4M | 3.5M | -2.1M | -123,500 | 1.1M | 40,400 |
| Operating Income | 195.0M | 143.0M | 112.0M | 87.6M | 55.1M | 30.2M |
| Operating Margin % | 20.3% | 20.4% | 21.1% | 26.7% | 28.0% | 28.0% |
| Non Operating Income | 5,000 | 100.00 | 1,000 | 1,100 | 1.00 | 1.00 |
| Non Operating Expenses | 72,300 | 103,600 | 115,300 | 261,800 | 229,200 | 16,500 |
| Investment Income | 6.3M | -4.0M | 372,500 | -398,700 | 37,200 | 8,264 |
| Asset Disposal Income | 373,800 | 739,900 | 700.00 | -300.00 | -- | -- |
| Asset Impairment Loss | 4.9M | 2.0M | 464,800 | 162,100 | 46,600 | 193,800 |
| Other Income | 8.7M | 3.2M | 514,600 | 2.1M | 3.1M | 28,000 |
| Income Before Tax | 195.0M | 143.0M | 112.0M | 87.3M | 54.8M | 30.2M |
| Income Tax | 19.9M | 18.7M | 15.2M | 13.1M | 7.1M | 4.7M |
| Net Income | 175.0M | 124.0M | 97.2M | 74.2M | 47.7M | 25.5M |
| Net Margin % | 18.2% | 17.7% | 18.3% | 22.6% | 24.2% | 23.6% |
| Net Income Attributable | 173.0M | 127.0M | 97.5M | 74.6M | 47.7M | 26.7M |
| Minority Interest | 2.8M | -2.6M | -317,700 | -406,300 | -1,100 | -1.2M |
| Eps Basic | 1.15 | 0.94 | 0.72 | 0.64 | 0.56 | 0.33 |
| Eps Diluted | 1.15 | 0.94 | 0.72 | 0.64 | 0.56 | 0.33 |
| 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 |
|---|---|---|---|---|---|---|
| Cash And Equivalents | 449.0M | 103.0M | 260.0M | 558.0M | 60.4M | 17.4M |
| Trading Financial Assets | -- | -- | -- | 7.0M | -- | -- |
| Accounts Receivable | 699.0M | 516.0M | 272.0M | 154.0M | 96.2M | 37.8M |
| Notes Receivable | 126,600 | 14.6M | 15.3M | 12.9M | 5.6M | 580,300 |
| Notes And Accounts Receivable | 699.0M | 530.0M | 287.0M | 166.0M | 102.0M | 38.4M |
| Prepayments | 188.0M | 104.0M | 162.0M | 169.0M | 66.8M | 16.2M |
| Inventory | 521.0M | 470.0M | 338.0M | 113.0M | 42.3M | 11.9M |
| Total Current Assets | 1.9B | 1.2B | 1.1B | 1.0B | 287.0M | 86.5M |
| Long Term Equity Investment | 2.7M | 901,300 | 4.9M | 5.4M | 2.1M | -- |
| Fixed Assets | -- | 139.0M | 136.0M | 87.1M | 20.6M | 16.3M |
| Fixed Assets Total | 194.0M | 139.0M | 136.0M | 87.1M | 20.6M | 16.3M |
| Construction In Progress Total | 99.4M | 109.0M | -- | -- | -- | -- |
| Intangible Assets | 10.3M | 10.4M | 16.3M | 22.8M | 23.1M | 13.5M |
| Long Term Deferred Expenses | 2.7M | 3.7M | 5.1M | 3.1M | 1.5M | 2.3M |
| Total Non Current Assets | 618.0M | 372.0M | 249.0M | 178.0M | 84.0M | 33.3M |
| Total Assets | 2.5B | 1.6B | 1.3B | 1.2B | 371.0M | 120.0M |
| Short Term Borrowings | 548.0M | 230.0M | 65.1M | -- | 21.0M | 5.0M |
| Accounts Payable | 54.2M | 45.2M | 33.7M | 9.6M | 5.0M | 7.1M |
| Advance Receipts | -- | -- | -- | -- | -- | 598,800 |
| Contract Liabilities | 14.9M | 9.9M | 10.2M | 9.7M | 1.9M | -- |
| Total Current Liabilities | 663.0M | 351.0M | 189.0M | 183.0M | 46.2M | 20.9M |
| Total Non Current Liabilities | 7.0M | 12.3M | 9.7M | 16.4M | 5.2M | 3.3M |
| Total Liabilities | 670.0M | 363.0M | 198.0M | 200.0M | 51.5M | 24.2M |
| Paid In Capital | 179.0M | 135.0M | 135.0M | 135.0M | 8.4M | 6.9M |
| Capital Reserve | 1.2B | 788.0M | 788.0M | 790.0M | 294.0M | 119.0M |
| Surplus Reserve | 44.9M | 30.1M | 16.8M | 6.8M | -- | -- |
| Retained Earnings | 429.0M | 272.0M | 158.0M | 70.5M | 19.1M | -28.7M |
| Minority Equity | 6.1M | 4.1M | 6.2M | 4.2M | -1.8M | -1.8M |
| Equity Attributable | 1.8B | 1.2B | 1.1B | 1.0B | 321.0M | 97.4M |
| Total Equity | 1.8B | 1.2B | 1.1B | 1.0B | 319.0M | 95.6M |
| 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 |
|---|---|---|---|---|---|---|
| Cash From Sales | 846.0M | 500.0M | 460.0M | 315.0M | 147.0M | 106.0M |
| Tax Refunds Received | -- | 206,400 | 3.5M | 3.9M | -- | -- |
| Total Operating Cash Inflow | 850.0M | 574.0M | 690.0M | 326.0M | 151.0M | 109.0M |
| Cash Paid For Goods | 735.0M | 512.0M | 659.0M | 252.0M | 185.0M | 74.7M |
| Cash Paid To Employees | 72.5M | 64.9M | 55.8M | 35.7M | 17.5M | 16.9M |
| Taxes Paid | 49.0M | 38.3M | 37.4M | 15.5M | 22.3M | 5.2M |
| Total Operating Cash Outflow | 880.0M | 670.0M | 894.0M | 444.0M | 246.0M | 111.0M |
| Operating Cash Flow | -29.3M | -96.1M | -203.0M | -119.0M | -95.1M | -1.5M |
| Total Investing Cash Inflow | 19.4M | 42.1M | 243.0M | 551.0M | 15.0M | 78,300 |
| Total Investing Cash Outflow | 253.0M | 227.0M | 302.0M | 633.0M | 82.0M | 19.6M |
| Investing Cash Flow | -233.0M | -185.0M | -59.0M | -81.1M | -67.0M | -19.5M |
| Cash From Borrowings | 477.0M | 230.0M | 65.0M | -- | 21.0M | 5.8M |
| Dividends And Interest Paid | 16.7M | 4.0M | 127,800 | 230,200 | 672,900 | 59,600 |
| Debt Repayments | 279.0M | 65.0M | -- | 21.0M | 5.0M | 800,000 |
| Total Financing Cash Inflow | 938.0M | 231.0M | 65.0M | 612.0M | 218.0M | 5.8M |
| Total Financing Cash Outflow | 325.0M | 77.7M | 8.9M | 41.3M | 12.6M | 859,600 |
| Financing Cash Flow | 613.0M | 153.0M | 56.1M | 571.0M | 205.0M | 4.9M |
| Net Change In Cash | 351.0M | -128.0M | -206.0M | 371.0M | 43.0M | -16.0M |
| Ending Cash Balance | 449.0M | 97.5M | 225.0M | 432.0M | 60.4M | 17.4M |
| Capex | 239.0M | 186.0M | 59.4M | 64.6M | 52.4M | 19.6M |