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 | 536.0M | 409.0M | 341.0M | 201.0M | 117.0M | 56.4M |
| Revenue Growth % | 31.1% | 19.9% | 69.7% | 71.8% | 107.3% | -- |
| Total Revenue | 536.0M | 409.0M | 341.0M | 201.0M | 117.0M | 56.4M |
| Cost Of Revenue | 273.0M | 192.0M | 154.0M | 83.4M | 53.3M | 28.2M |
| Gross Profit | 263.0M | 217.0M | 187.0M | 117.6M | 63.7M | 28.2M |
| Gross Margin % | 49.1% | 53.1% | 54.8% | 58.5% | 54.4% | 50.0% |
| Total Operating Cost | 423.0M | 304.0M | 234.0M | 137.0M | 111.0M | 55.1M |
| Selling Expenses | 18.8M | 19.8M | 14.7M | 9.0M | 6.7M | 5.6M |
| Admin Expenses | 40.8M | 33.9M | 25.1M | 17.2M | 31.7M | 11.6M |
| Rd Expenses | 34.7M | 28.5M | 22.7M | 15.5M | 13.3M | 7.4M |
| Finance Expenses | 9.9M | 7.6M | 2.7M | 1.7M | 973,500 | 404,400 |
| Operating Income | 117.0M | 108.0M | 117.0M | 65.7M | 7.7M | 4.5M |
| Operating Margin % | 21.8% | 26.4% | 34.3% | 32.7% | 6.6% | 7.9% |
| Non Operating Income | 2,000 | 21,400 | 47,000 | 51,400 | 87,700 | 42,100 |
| Non Operating Expenses | 2.2M | 2.2M | 69,700 | 23,700 | 1,200 | 64,200 |
| Investment Income | -- | 156,600 | 175,300 | 690,000 | -437,800 | -- |
| Fair Value Change Income | -- | -- | -111,200 | 111,200 | -- | -- |
| Asset Disposal Income | 1,100 | 2,000 | 1,400 | -- | -- | -- |
| Asset Impairment Loss | 12.3M | 190,700 | 893,900 | 981,600 | 1.6M | 717,600 |
| Other Income | 3.4M | 2.9M | 9.9M | 1.1M | 1.8M | 3.2M |
| Income Before Tax | 115.0M | 105.0M | 117.0M | 65.7M | 7.8M | 4.4M |
| Income Tax | 23.2M | 15.1M | 15.8M | 8.4M | 3.1M | -300,700 |
| Net Income | 91.6M | 90.4M | 101.0M | 57.3M | 4.7M | 4.7M |
| Net Margin % | 17.1% | 22.1% | 29.6% | 28.5% | 4.0% | 8.4% |
| Net Income Attributable | 97.4M | 91.3M | 100.0M | 56.7M | 4.9M | 5.3M |
| Minority Interest | -5.8M | -958,400 | 945,100 | 531,200 | -207,700 | -588,200 |
| Eps Basic | 1.76 | 1.74 | 1.91 | 1.13 | 0.11 | 0.16 |
| Eps Diluted | 1.76 | 1.74 | 1.91 | 1.13 | 0.11 | 0.16 |
| 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 | 519.0M | 84.2M | 99.1M | 44.6M | 57.1M | 26.0M |
| Trading Financial Assets | -- | -- | -- | 20.1M | -- | -- |
| Accounts Receivable | 660.0M | 445.0M | 301.0M | 128.0M | 8.7M | 3.4M |
| Notes Receivable | 53.1M | 20.0M | 4.0M | -- | 1.2M | -- |
| Notes And Accounts Receivable | 713.0M | 465.0M | 305.0M | 128.0M | 9.8M | 3.4M |
| Prepayments | 20.7M | 16.5M | 7.3M | 3.3M | 812,900 | 3.7M |
| Inventory | 155.0M | 132.0M | 56.5M | 45.1M | 36.3M | 19.0M |
| Total Current Assets | 1.4B | 720.0M | 498.0M | 265.0M | 117.0M | 57.4M |
| Fixed Assets | -- | 40.2M | 41.6M | 8.6M | 7.3M | 6.7M |
| Fixed Assets Total | 36.7M | 40.2M | 41.6M | 8.6M | 7.3M | 6.7M |
| Construction In Progress | -- | -- | -- | 26.8M | 15.9M | 445,700 |
| Construction In Progress Total | 108,400 | -- | -- | 26.8M | 15.9M | 445,700 |
| Intangible Assets | 34.4M | 42.9M | 51.5M | 14.1M | 14.5M | 14.8M |
| Long Term Deferred Expenses | 3.3M | 2.7M | 2.9M | 804,600 | 215,700 | 393,200 |
| Total Non Current Assets | 117.0M | 126.0M | 117.0M | 69.0M | 46.1M | 23.0M |
| Total Assets | 1.5B | 846.0M | 615.0M | 334.0M | 163.0M | 80.4M |
| Short Term Borrowings | 235.0M | 197.0M | 106.0M | 9.2M | 4.8M | 2.8M |
| Accounts Payable | 127.0M | 93.2M | 97.8M | 43.6M | 30.2M | 13.3M |
| Advance Receipts | -- | -- | -- | -- | -- | 19.3M |
| Contract Liabilities | 11.3M | 1.8M | 106,600 | 4.1M | 18.4M | -- |
| Total Current Liabilities | 468.0M | 345.0M | 257.0M | 117.0M | 71.4M | 46.9M |
| Long Term Borrowings | 75.1M | 39.5M | -- | -- | 22.0M | 2.7M |
| Total Non Current Liabilities | 89.7M | 58.9M | 6.3M | 4.8M | 22.0M | 2.7M |
| Total Liabilities | 558.0M | 404.0M | 263.0M | 122.0M | 93.4M | 49.7M |
| Paid In Capital | 70.0M | 52.5M | 52.5M | 52.5M | 50.0M | 36.1M |
| Capital Reserve | 550.0M | 120.0M | 120.0M | 120.0M | 37.2M | 1.7M |
| Surplus Reserve | 10.1M | 5.9M | -- | -- | -- | -- |
| Retained Earnings | 318.0M | 225.0M | 139.0M | 39.2M | -17.4M | -6.5M |
| Minority Equity | 38.9M | 38.8M | 39.7M | 70,400 | -460,900 | -499,400 |
| Equity Attributable | 948.0M | 403.0M | 312.0M | 212.0M | 69.8M | 31.3M |
| Total Equity | 987.0M | 442.0M | 352.0M | 212.0M | 69.3M | 30.8M |
| 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 | 318.0M | 291.0M | 185.0M | 81.0M | 122.0M | 71.6M |
| Total Operating Cash Inflow | 329.0M | 299.0M | 197.0M | 84.7M | 124.0M | 74.5M |
| Cash Paid For Goods | 296.0M | 290.0M | 109.0M | 76.3M | 56.8M | 49.0M |
| Cash Paid To Employees | 63.8M | 61.4M | 46.6M | 33.9M | 19.6M | 16.6M |
| Taxes Paid | 63.2M | 48.2M | 36.2M | 14.0M | 7.6M | 6.1M |
| Total Operating Cash Outflow | 474.0M | 431.0M | 217.0M | 137.0M | 101.0M | 84.1M |
| Operating Cash Flow | -145.0M | -132.0M | -20.7M | -52.8M | 23.2M | -9.6M |
| Total Investing Cash Inflow | 4.2M | 55.1M | 20.2M | 108.0M | 2.0M | 2.2M |
| Total Investing Cash Outflow | 3.4M | 62.2M | 19.1M | 145.0M | 24.7M | 4.2M |
| Investing Cash Flow | 720,800 | -7.0M | 1.1M | -36.9M | -22.7M | -2.0M |
| Cash From Borrowings | 330.0M | 257.0M | 129.0M | 24.2M | 24.8M | 2.8M |
| Dividends And Interest Paid | 9.7M | 6.3M | 2.2M | 1.3M | 776,800 | 377,800 |
| Debt Repayments | 211.0M | 135.0M | 48.2M | 25.8M | 3.5M | 2.5M |
| Total Financing Cash Inflow | 829.0M | 266.0M | 131.0M | 111.0M | 64.2M | 41.9M |
| Total Financing Cash Outflow | 245.0M | 145.0M | 58.5M | 33.5M | 33.7M | 42.2M |
| Financing Cash Flow | 584.0M | 121.0M | 72.7M | 77.2M | 30.5M | -255,000 |
| Net Change In Cash | 440.0M | -18.3M | 53.1M | -12.5M | 31.1M | -11.8M |
| Ending Cash Balance | 519.0M | 79.4M | 97.6M | 44.6M | 57.1M | 26.0M |
| Capex | 3.4M | 7.2M | 19.1M | 22.6M | 17.5M | 2.6M |