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 |
|---|---|---|---|---|---|
| Revenue | 1.9B | 1.8B | 1.4B | 618.0M | 332.0M |
| Revenue Growth % | 7.0% | 25.4% | 129.9% | 86.1% | -- |
| Total Revenue | 1.9B | 1.8B | 1.4B | 618.0M | 332.0M |
| Cost Of Revenue | 1.5B | 1.4B | 1.0B | 504.0M | 283.0M |
| Gross Profit | 444.0M | 419.0M | 385.0M | 114.0M | 49.0M |
| Gross Margin % | 23.3% | 23.5% | 27.1% | 18.4% | 14.8% |
| Total Operating Cost | 1.7B | 1.6B | 1.2B | 590.0M | 337.0M |
| Selling Expenses | 10.4M | 8.7M | 6.0M | 4.6M | 3.6M |
| Admin Expenses | 65.5M | 63.2M | 48.5M | 35.1M | 22.1M |
| Rd Expenses | 56.6M | 59.1M | 41.1M | 24.3M | 16.8M |
| Finance Expenses | 33.2M | 47.1M | 49.4M | 12.0M | 5.9M |
| Operating Income | 227.0M | 227.0M | 202.0M | 31.3M | -2.4M |
| Operating Margin % | 11.9% | 12.7% | 14.2% | 5.1% | -0.7% |
| Non Operating Income | 113,000 | 44,100 | 40,800 | -- | 200.00 |
| Non Operating Expenses | 757,600 | 8.2M | 8.4M | 660,500 | 196,200 |
| Investment Income | 11,200 | 7,285 | 2,758 | -- | 1.4M |
| Asset Disposal Income | -51,400 | 371,500 | 5,100 | -500.00 | 1,700 |
| Asset Impairment Loss | 57.1M | 24.2M | 11.4M | 1.3M | 1.6M |
| Other Income | 22.4M | 22.1M | 2.1M | 3.1M | 1.7M |
| Income Before Tax | 226.0M | 219.0M | 193.0M | 30.7M | -2.6M |
| Income Tax | 23.4M | 22.4M | 19.6M | 1.2M | -2.3M |
| Net Income | 203.0M | 196.0M | 174.0M | 29.4M | -272,600 |
| Net Margin % | 10.7% | 11.0% | 12.2% | 4.8% | -0.1% |
| Net Income Attributable | 193.0M | 189.0M | 165.0M | 26.8M | -2.3M |
| Minority Interest | 9.9M | 7.2M | 8.4M | 2.6M | 2.0M |
| Eps Basic | 2.54 | 2.63 | 2.30 | 0.37 | -0.03 |
| Eps Diluted | 2.54 | 2.63 | 2.30 | 0.37 | -0.03 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 433.0M | 129.0M | 66.1M | 6.9M | 3.8M |
| Trading Financial Assets | 214,500 | 310,900 | 303,600 | -- | -- |
| Accounts Receivable | 230.0M | 156.0M | 225.0M | 96.2M | 57.1M |
| Notes Receivable | 2.3M | 1.1M | 1.5M | 3.8M | 17.9M |
| Notes And Accounts Receivable | 233.0M | 157.0M | 227.0M | 99.9M | 75.0M |
| Prepayments | 8.2M | 2.2M | 4.4M | 6.0M | 2.1M |
| Inventory | 468.0M | 327.0M | 352.0M | 180.0M | 118.0M |
| Total Current Assets | 2.3B | 1.6B | 1.5B | 420.0M | 259.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 418.0M | 320.0M | 252.0M | 211.0M |
| Fixed Assets Total | 603.0M | 418.0M | 320.0M | 252.0M | 211.0M |
| Construction In Progress | -- | 87.1M | 73.3M | 7.6M | 37.4M |
| Construction In Progress Total | 181.0M | 87.1M | 73.3M | 8.5M | 38.5M |
| Intangible Assets | 85.3M | 70.6M | 48.6M | 28.4M | 27.2M |
| Long Term Deferred Expenses | 438,300 | 32,400 | 378,100 | 655,200 | 597,100 |
| Total Non Current Assets | 946.0M | 630.0M | 509.0M | 328.0M | 293.0M |
| Total Assets | 3.2B | 2.2B | 2.0B | 749.0M | 552.0M |
| Short Term Borrowings | 937.0M | 815.0M | 1.0B | 176.0M | 103.0M |
| Accounts Payable | 346.0M | 258.0M | 216.0M | 73.2M | 57.2M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 532,100 | 518,500 | 4.1M | 2.6M | 2.4M |
| Total Current Liabilities | 1.5B | 1.2B | 1.4B | 304.0M | 205.0M |
| Long Term Borrowings | 169.0M | 199.0M | 49.7M | 41.0M | -- |
| Total Non Current Liabilities | 245.0M | 254.0M | 91.2M | 76.6M | 18.4M |
| Total Liabilities | 1.7B | 1.5B | 1.4B | 381.0M | 223.0M |
| Paid In Capital | 95.9M | 71.9M | 71.9M | 71.9M | 71.9M |
| Capital Reserve | 833.0M | 268.0M | 265.0M | 264.0M | 257.0M |
| Surplus Reserve | 17.8M | 13.2M | 8.0M | 678,300 | -- |
| Retained Earnings | 551.0M | 363.0M | 179.0M | 20.5M | -5.6M |
| Minority Equity | 47.0M | 26.6M | 17.3M | 10.8M | 4.9M |
| Equity Attributable | 1.5B | 715.0M | 524.0M | 357.0M | 324.0M |
| Total Equity | 1.5B | 742.0M | 541.0M | 368.0M | 329.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 985.0M | 307.0M | 227.0M | 391.0M | 196.0M |
| Tax Refunds Received | -- | 7.1M | -- | -- | 6.3M |
| Total Operating Cash Inflow | 1.0B | 341.0M | 231.0M | 395.0M | 210.0M |
| Cash Paid For Goods | 1.0B | 904.0M | 760.0M | 347.0M | 203.0M |
| Cash Paid To Employees | 341.0M | 257.0M | 199.0M | 111.0M | 68.8M |
| Taxes Paid | 77.4M | 104.0M | 58.2M | 16.5M | 4.2M |
| Total Operating Cash Outflow | 1.5B | 1.3B | 1.0B | 486.0M | 287.0M |
| Operating Cash Flow | -458.0M | -948.0M | -803.0M | -90.9M | -76.8M |
| Total Investing Cash Inflow | 3.2M | 10,600 | 185,500 | -- | 75.0M |
| Total Investing Cash Outflow | 310.0M | 155.0M | 208.0M | 25.8M | 97.1M |
| Investing Cash Flow | -307.0M | -155.0M | -208.0M | -25.8M | -22.1M |
| Cash From Borrowings | 1.1B | 689.0M | 287.0M | 160.0M | 110.0M |
| Dividends And Interest Paid | 33.5M | 11.8M | 9.8M | 4.0M | 5.0M |
| Debt Repayments | 618.0M | 273.0M | 144.0M | 95.0M | 69.8M |
| Total Financing Cash Inflow | 1.9B | 1.5B | 1.2B | 228.0M | 175.0M |
| Total Financing Cash Outflow | 871.0M | 337.0M | 181.0M | 108.0M | 75.0M |
| Financing Cash Flow | 1.1B | 1.2B | 1.0B | 120.0M | 100.0M |
| Net Change In Cash | 308.0M | 58.9M | 4.6M | 3.6M | 1.3M |
| Ending Cash Balance | 378.0M | 69.4M | 10.5M | 5.9M | 2.4M |
| Capex | 289.0M | 155.0M | 206.0M | 21.9M | 30.7M |