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 | 857.0M | 480.0M | 462.0M | 345.0M | 254.0M | 176.0M |
| Revenue Growth % | 78.5% | 3.9% | 33.9% | 35.8% | 44.3% | -- |
| Total Revenue | 857.0M | 480.0M | 462.0M | 345.0M | 254.0M | 176.0M |
| Cost Of Revenue | 356.0M | 289.0M | 267.0M | 197.0M | 153.0M | 95.8M |
| Gross Profit | 501.0M | 191.0M | 195.0M | 148.0M | 101.0M | 80.2M |
| Gross Margin % | 58.5% | 39.8% | 42.2% | 42.9% | 39.8% | 45.6% |
| Total Operating Cost | 532.0M | 405.0M | 365.0M | 272.0M | 207.0M | 160.0M |
| Selling Expenses | 22.7M | 19.0M | 16.6M | 14.9M | 13.1M | 20.8M |
| Admin Expenses | 58.5M | 40.3M | 36.1M | 30.4M | 18.1M | 27.5M |
| Rd Expenses | 66.3M | 46.5M | 33.9M | 20.1M | 14.2M | 8.7M |
| Finance Expenses | 2.3M | 328,500 | 2.2M | 3.6M | 3.4M | 2.4M |
| Operating Income | 345.0M | 87.5M | 105.0M | 77.5M | 53.3M | 17.2M |
| Operating Margin % | 40.3% | 18.2% | 22.7% | 22.5% | 21.0% | 9.8% |
| Non Operating Income | 1.5M | 38,400 | 531,800 | 170,000 | 191,700 | 4,000 |
| Non Operating Expenses | 241,400 | 217,600 | 2.0M | 341,000 | 272,700 | 350,900 |
| Investment Income | 131,200 | -68,900 | 1.3M | 162,000 | 69,500 | 64,900 |
| Fair Value Change Income | 307,400 | -- | -210,500 | 210,500 | 353,600 | -353,600 |
| Asset Disposal Income | -8,000 | -397,500 | 612,000 | -- | -77,300 | 4,500 |
| Asset Impairment Loss | 13.4M | 5.6M | 5.1M | 4.0M | 3.4M | 2.8M |
| Other Income | 18.9M | 12.9M | 6.5M | 3.8M | 5.8M | 2.4M |
| Income Before Tax | 346.0M | 87.4M | 104.0M | 77.4M | 53.2M | 16.9M |
| Income Tax | 35.3M | 5.5M | 10.6M | 10.3M | 7.5M | 4.3M |
| Net Income | 311.0M | 81.9M | 93.2M | 67.1M | 45.7M | 12.6M |
| Net Margin % | 36.3% | 17.1% | 20.2% | 19.4% | 18.0% | 7.1% |
| Net Income Attributable | 311.0M | 81.9M | 93.2M | 67.1M | 45.7M | 12.6M |
| Eps Basic | 0.81 | 0.23 | 0.26 | 0.21 | 0.15 | 0.04 |
| Eps Diluted | 0.81 | 0.23 | 0.26 | 0.21 | 0.15 | 0.04 |
| 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 | 212.0M | 133.0M | 190.0M | 94.0M | 10.0M | 18.2M |
| Trading Financial Assets | 110.0M | -- | -- | 171.0M | -- | -- |
| Accounts Receivable | 354.0M | 246.0M | 160.0M | 123.0M | 75.5M | 58.3M |
| Notes Receivable | 16.4M | 11.0M | 39.6M | 38.1M | 11.4M | 15.2M |
| Notes And Accounts Receivable | 370.0M | 257.0M | 199.0M | 161.0M | 86.9M | 73.4M |
| Prepayments | 6.1M | 7.6M | 4.0M | 4.5M | 3.6M | 3.3M |
| Inventory | 221.0M | 169.0M | 137.0M | 86.9M | 42.1M | 22.9M |
| Total Current Assets | 1.1B | 643.0M | 571.0M | 526.0M | 150.0M | 124.0M |
| Fixed Assets | -- | 277.0M | 208.0M | 164.0M | 88.3M | 90.8M |
| Fixed Assets Total | 563.0M | 277.0M | 208.0M | 164.0M | 88.3M | 90.8M |
| Construction In Progress | -- | 315.0M | 136.0M | 4.6M | 4.0M | 203,200 |
| Construction In Progress Total | 207.0M | 315.0M | 136.0M | 4.6M | 4.0M | 203,200 |
| Intangible Assets | 17.8M | 17.2M | 15.5M | 6.1M | 4.6M | 2.9M |
| Long Term Deferred Expenses | 33.0M | 36.9M | 27.7M | 21.2M | 19.1M | 19.0M |
| Total Non Current Assets | 904.0M | 707.0M | 450.0M | 250.0M | 127.0M | 116.0M |
| Total Assets | 2.0B | 1.4B | 1.0B | 776.0M | 278.0M | 240.0M |
| Short Term Borrowings | -- | 90.6M | 24.2M | 58.5M | 32.0M | 28.0M |
| Accounts Payable | 69.1M | 60.6M | 53.9M | 53.3M | 41.4M | 32.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 285,300 |
| Contract Liabilities | 5.7M | 3.3M | 1.8M | 3.9M | 1.2M | -- |
| Total Current Liabilities | 350.0M | 370.0M | 205.0M | 183.0M | 118.0M | 82.6M |
| Long Term Borrowings | -- | 166.0M | 86.3M | -- | -- | 10.0M |
| Total Non Current Liabilities | 98.3M | 243.0M | 173.0M | 51.7M | 12.5M | 39.9M |
| Total Liabilities | 448.0M | 613.0M | 378.0M | 235.0M | 131.0M | 122.0M |
| Paid In Capital | 436.0M | 361.0M | 361.0M | 361.0M | 60.0M | 11.1M |
| Capital Reserve | 524.0M | 83.8M | 72.9M | 63.9M | 34.4M | 68.7M |
| Surplus Reserve | 61.4M | 28.5M | 19.7M | 10.8M | 6.4M | 3.7M |
| Retained Earnings | 498.0M | 263.0M | 190.0M | 106.0M | 46.5M | 33.7M |
| Equity Attributable | 1.5B | 736.0M | 644.0M | 542.0M | 147.0M | 117.0M |
| Total Equity | 1.5B | 736.0M | 644.0M | 542.0M | 147.0M | 117.0M |
| 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 | 741.0M | 393.0M | 338.0M | 216.0M | 232.0M | 140.0M |
| Tax Refunds Received | 15.0M | 5.3M | 3.9M | 3.6M | -- | 900.00 |
| Total Operating Cash Inflow | 809.0M | 420.0M | 400.0M | 234.0M | 235.0M | 145.0M |
| Cash Paid For Goods | 256.0M | 131.0M | 132.0M | 97.3M | 84.4M | 30.0M |
| Cash Paid To Employees | 185.0M | 147.0M | 132.0M | 86.4M | 60.5M | 45.1M |
| Taxes Paid | 57.6M | 14.6M | 13.3M | 10.5M | 16.8M | 10.0M |
| Total Operating Cash Outflow | 579.0M | 373.0M | 344.0M | 232.0M | 192.0M | 110.0M |
| Operating Cash Flow | 230.0M | 46.6M | 56.4M | 2.0M | 43.0M | 34.6M |
| Total Investing Cash Inflow | 71.3M | 24.2M | 212.0M | 100.0M | 259.68 | 2.3M |
| Total Investing Cash Outflow | 437.0M | 298.0M | 203.0M | 345.0M | 23.3M | 27.7M |
| Investing Cash Flow | -366.0M | -273.0M | 9.2M | -244.0M | -23.3M | -25.3M |
| Cash From Borrowings | 155.0M | 173.0M | 144.0M | 91.6M | 35.0M | 50.0M |
| Dividends And Interest Paid | 49.4M | 5.6M | 1.2M | 15.4M | 12.7M | 2.5M |
| Debt Repayments | 414.0M | 19.2M | 100.0M | 75.0M | 31.0M | 52.0M |
| Total Financing Cash Inflow | 695.0M | 179.0M | 161.0M | 422.0M | 35.0M | 54.6M |
| Total Financing Cash Outflow | 489.0M | 49.2M | 127.0M | 104.0M | 62.1M | 59.8M |
| Financing Cash Flow | 206.0M | 130.0M | 34.4M | 318.0M | -27.1M | -5.1M |
| Net Change In Cash | 71.1M | -95.9M | 101.0M | 75.5M | -8.1M | 4.1M |
| Ending Cash Balance | 162.0M | 91.0M | 187.0M | 85.5M | 10.0M | 18.2M |
| Capex | 244.0M | 253.0M | 163.0M | 74.2M | 21.9M | 27.7M |