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 | 876.0M | 844.0M | 522.0M | 297.0M | 149.0M |
| Revenue Growth % | 3.8% | 61.7% | 75.8% | 99.3% | -- |
| Total Revenue | 876.0M | 844.0M | 522.0M | 297.0M | 149.0M |
| Cost Of Revenue | 665.0M | 620.0M | 382.0M | 217.0M | 119.0M |
| Gross Profit | 211.0M | 224.0M | 140.0M | 80.0M | 30.0M |
| Gross Margin % | 24.1% | 26.5% | 26.8% | 26.9% | 20.1% |
| Total Operating Cost | 737.0M | 717.0M | 434.0M | 254.0M | 142.0M |
| Selling Expenses | 12.2M | 11.6M | 6.8M | 4.4M | 2.8M |
| Admin Expenses | 43.2M | 42.3M | 25.6M | 14.0M | 11.9M |
| Rd Expenses | 32.8M | 31.7M | 19.1M | 11.2M | 7.1M |
| Finance Expenses | -22.2M | -2.9M | -6.1M | 3.1M | 1.8M |
| Operating Income | 149.0M | 137.0M | 92.5M | 42.9M | 8.1M |
| Operating Margin % | 17.0% | 16.2% | 17.7% | 14.5% | 5.4% |
| Non Operating Income | 46,200 | 5,000 | -- | -- | -- |
| Non Operating Expenses | 25,800 | 71,000 | 300,400 | 341,600 | 187,300 |
| Investment Income | -663,900 | -459,100 | 100,200 | 77,500 | 266,300 |
| Fair Value Change Income | -- | -- | -- | 41,600 | -- |
| Asset Disposal Income | -156,100 | 347,000 | -- | -- | -- |
| Asset Impairment Loss | -41,700 | 2.1M | 1.3M | 344,200 | 262,900 |
| Other Income | 10.7M | 9.6M | 4.9M | 296,300 | 503,300 |
| Income Before Tax | 149.0M | 137.0M | 92.2M | 42.6M | 7.9M |
| Income Tax | 17.4M | 16.7M | 5.8M | 4.8M | 391,900 |
| Net Income | 131.0M | 120.0M | 86.4M | 37.8M | 7.5M |
| Net Margin % | 15.0% | 14.2% | 16.6% | 12.7% | 5.0% |
| Net Income Attributable | 131.0M | 120.0M | 86.4M | 37.8M | 7.5M |
| Minority Interest | -- | -3.00 | -- | -- | -- |
| Eps Basic | 2.74 | 2.51 | 2.03 | -- | -- |
| Eps Diluted | 2.74 | 2.51 | 2.03 | -- | -- |
| 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 | 241.0M | 281.0M | 106.0M | 9.3M | 15.3M |
| Trading Financial Assets | -- | -- | -- | 7.0M | 4.0M |
| Accounts Receivable | 292.0M | 234.0M | 208.0M | 107.0M | 58.4M |
| Notes Receivable | 120.0M | 139.0M | 75.4M | 30.1M | 35.0M |
| Notes And Accounts Receivable | 412.0M | 373.0M | 283.0M | 137.0M | 93.4M |
| Prepayments | 4.2M | 1.5M | 2.0M | 3.0M | 2.1M |
| Inventory | 114.0M | 77.6M | 87.5M | 54.4M | 28.7M |
| Total Current Assets | 838.0M | 780.0M | 499.0M | 222.0M | 166.0M |
| Fixed Assets | -- | 107.0M | 70.6M | 34.6M | 23.6M |
| Fixed Assets Total | 117.0M | 107.0M | 70.6M | 34.6M | 23.6M |
| Construction In Progress | -- | 10.6M | 6.7M | 5.1M | 919,700 |
| Construction In Progress Total | 13.9M | 10.6M | 6.7M | 5.1M | 919,700 |
| Intangible Assets | 19.3M | 6.4M | -- | -- | -- |
| Long Term Deferred Expenses | 6.1M | 7.0M | 5.9M | 5.0M | 4.8M |
| Total Non Current Assets | 232.0M | 185.0M | 110.0M | 73.6M | 38.4M |
| Total Assets | 1.1B | 965.0M | 609.0M | 296.0M | 205.0M |
| Short Term Borrowings | 30.2M | 84.8M | 21.0M | 10.0M | 14.1M |
| Accounts Payable | 223.0M | 193.0M | 115.0M | 68.9M | 24.1M |
| Contract Liabilities | 1.8M | 1.0M | 3.2M | -- | 5.1M |
| Total Current Liabilities | 464.0M | 492.0M | 271.0M | 118.0M | 61.8M |
| Total Non Current Liabilities | 16.8M | 25.5M | 21.2M | 19.2M | 2.3M |
| Total Liabilities | 481.0M | 518.0M | 292.0M | 137.0M | 64.1M |
| Paid In Capital | 47.9M | 47.9M | 47.9M | 40.0M | 10.0M |
| Capital Reserve | 243.0M | 234.0M | 224.0M | 79.7M | 70.0M |
| Surplus Reserve | 29.6M | 16.5M | 4.2M | 3.9M | 32,100 |
| Retained Earnings | 267.0M | 148.0M | 40.6M | 34.9M | 60.6M |
| Minority Equity | -- | 39.00 | -- | -- | -- |
| Equity Attributable | 588.0M | 447.0M | 317.0M | 158.0M | 141.0M |
| Total Equity | 588.0M | 447.0M | 317.0M | 158.0M | 141.0M |
| 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 | 735.0M | 683.0M | 299.0M | 233.0M | 108.0M |
| Tax Refunds Received | 7.1M | 26.6M | 18.6M | 11.8M | 1.9M |
| Total Operating Cash Inflow | 767.0M | 740.0M | 327.0M | 247.0M | 112.0M |
| Cash Paid For Goods | 603.0M | 419.0M | 212.0M | 157.0M | 55.4M |
| Cash Paid To Employees | 107.0M | 89.9M | 52.0M | 37.3M | 28.4M |
| Taxes Paid | 27.6M | 20.6M | 9.1M | 11.4M | 6.0M |
| Total Operating Cash Outflow | 762.0M | 559.0M | 297.0M | 221.0M | 98.5M |
| Operating Cash Flow | 5.2M | 181.0M | 30.3M | 25.8M | 13.9M |
| Total Investing Cash Inflow | 117,300 | 3.0M | 68.1M | 58.6M | 1.0M |
| Total Investing Cash Outflow | 73.1M | 56.9M | 90.1M | 71.9M | 21.1M |
| Investing Cash Flow | -73.0M | -53.9M | -22.0M | -13.3M | -20.1M |
| Cash From Borrowings | 126.0M | 11.0M | 24.0M | 10.0M | 14.0M |
| Dividends And Interest Paid | 1.4M | 3.0M | 25.8M | 17.0M | 231,700 |
| Debt Repayments | 125.0M | 21.0M | 13.0M | 14.0M | -- |
| Total Financing Cash Inflow | 154.0M | 94.4M | 113.0M | 10.0M | 14.0M |
| Total Financing Cash Outflow | 136.0M | 35.5M | 38.8M | 31.0M | 231,700 |
| Financing Cash Flow | 18.1M | 58.9M | 74.2M | -21.0M | 13.8M |
| Net Change In Cash | -39.3M | 186.0M | 86.9M | -9.8M | 7.1M |
| Ending Cash Balance | 239.0M | 279.0M | 92.4M | 5.5M | 15.3M |
| Capex | 42.0M | 44.4M | 29.1M | 10.4M | 16.1M |