Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | 4.4B | 5.4B | 7.1B | 6.1B | 5.0B |
| Revenue Growth % | -17.5% | -24.4% | 17.0% | 21.9% | -- |
| Total Revenue | 4.4B | 5.4B | 7.1B | 6.1B | 5.0B |
| Cost Of Revenue | 1.7B | 1.8B | 1.8B | 1.3B | 1.1B |
| Gross Profit | 2.7B | 3.5B | 5.3B | 4.7B | 3.9B |
| Gross Margin % | 62.0% | 65.5% | 74.6% | 77.7% | 77.8% |
| Total Operating Cost | 4.1B | 4.8B | 4.8B | 3.9B | 3.3B |
| Selling Expenses | 1.1B | 1.3B | 1.3B | 1.0B | 876.0M |
| Admin Expenses | 478.0M | 545.0M | 644.0M | 587.0M | 603.0M |
| Rd Expenses | 82.1M | 95.3M | 108.0M | 76.2M | 32.5M |
| Finance Expenses | 10.8M | -26.2M | -27.6M | -40.5M | -20.0M |
| Operating Income | 301.0M | 568.0M | 2.3B | 2.2B | 1.7B |
| Operating Margin % | 6.8% | 10.6% | 32.5% | 36.9% | 33.7% |
| Non Operating Income | 19.6M | 23.2M | 33.9M | 17.0M | 18.6M |
| Non Operating Expenses | 3.2M | 77.2M | 7.8M | 6.4M | 8.3M |
| Investment Income | -8.0M | -10.3M | 8.2M | 3.3M | 4.2M |
| Fair Value Change Income | -1.8M | 4.6M | 21.5M | 40.9M | 14.9M |
| Asset Disposal Income | 1.0M | -14,100 | 1.8M | 5.6M | 43,700 |
| Asset Impairment Loss | 38.1M | 18.7M | -- | -- | 2.7M |
| Other Income | 30.0M | 14.4M | 17.8M | 18.0M | 13.7M |
| Income Before Tax | 317.0M | 514.0M | 2.3B | 2.2B | 1.7B |
| Income Tax | 106.0M | 173.0M | 557.0M | 546.0M | 414.0M |
| Net Income | 211.0M | 340.0M | 1.8B | 1.7B | 1.3B |
| Net Margin % | 4.8% | 6.3% | 25.0% | 28.1% | 25.6% |
| Net Income Attributable | 223.0M | 346.0M | 1.8B | 1.7B | 1.2B |
| Minority Interest | -11.7M | -5.4M | 991,900 | 15.1M | 25.1M |
| Eps Basic | 0.68 | 1.05 | 5.34 | 5.10 | 3.78 |
| Eps Diluted | 0.68 | 1.05 | 5.34 | 5.09 | 3.76 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 1.2B | 1.5B | 2.4B | 2.4B | 2.0B |
| Trading Financial Assets | 100.0M | 109,900 | 602.0M | 1.3B | 1.4B |
| Accounts Receivable | 286.0M | 236.0M | 268.0M | 219.0M | 151.0M |
| Notes Receivable | 94.6M | 227.0M | 215.0M | 29.6M | 52.0M |
| Notes And Accounts Receivable | 380.0M | 463.0M | 483.0M | 248.0M | 203.0M |
| Prepayments | 53.4M | 65.3M | 26.0M | 18.7M | 22.7M |
| Inventory | 5.9B | 5.2B | 4.4B | 3.6B | 2.8B |
| Total Current Assets | 7.8B | 7.4B | 8.1B | 7.8B | 6.6B |
| Long Term Equity Investment | 164.0M | 18.2M | 19.3M | 14.0M | 14.0M |
| Fixed Assets | 3.4B | 2.7B | 1.6B | 1.1B | 858.0M |
| Fixed Assets Total | 3.4B | 2.7B | 1.6B | 1.1B | 858.0M |
| Construction In Progress | 312.0M | 824.0M | 726.0M | 419.0M | 98.0M |
| Construction In Progress Total | 341.0M | 858.0M | 726.0M | 457.0M | 106.0M |
| Intangible Assets | 433.0M | 423.0M | 417.0M | 303.0M | 304.0M |
| Long Term Deferred Expenses | 28.8M | 33.4M | 37.5M | 40.2M | 55.1M |
| Total Non Current Assets | 4.8B | 4.4B | 3.0B | 2.0B | 1.5B |
| Total Assets | 12.6B | 11.8B | 11.1B | 9.8B | 8.1B |
| Short Term Borrowings | 1.1B | 711.0M | -- | -- | -- |
| Accounts Payable | 855.0M | 1.2B | 655.0M | 484.0M | 278.0M |
| Advance Receipts | 3.2M | 4.7M | 2.2M | 963,500 | 3.0M |
| Contract Liabilities | 147.0M | 165.0M | 277.0M | 298.0M | 658.0M |
| Total Current Liabilities | 4.4B | 4.1B | 3.4B | 3.1B | 3.0B |
| Long Term Borrowings | 774.0M | 431.0M | 39.4M | 25.0M | -- |
| Total Non Current Liabilities | 1.0B | 605.0M | 153.0M | 128.0M | 88.4M |
| Total Liabilities | 5.4B | 4.7B | 3.6B | 3.3B | 3.1B |
| Paid In Capital | 333.0M | 333.0M | 333.0M | 333.0M | 332.0M |
| Capital Reserve | 758.0M | 816.0M | 844.0M | 813.0M | 736.0M |
| Surplus Reserve | 246.0M | 246.0M | 246.0M | 246.0M | 246.0M |
| Retained Earnings | 5.9B | 5.9B | 6.2B | 5.0B | 3.5B |
| Minority Equity | 311.0M | 323.0M | 328.0M | 208.0M | 202.0M |
| Equity Attributable | 6.9B | 6.8B | 7.2B | 6.3B | 4.8B |
| Total Equity | 7.2B | 7.1B | 7.6B | 6.5B | 5.0B |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 4.8B | 5.8B | 7.4B | 6.0B | 6.0B |
| Tax Refunds Received | 1.6M | 5.6M | 6.2M | 18.2M | -- |
| Total Operating Cash Inflow | 5.2B | 6.1B | 7.7B | 6.5B | 6.2B |
| Cash Paid For Goods | 1.7B | 1.9B | 2.0B | 1.3B | 902.0M |
| Cash Paid To Employees | 1.5B | 1.6B | 1.6B | 1.3B | 789.0M |
| Taxes Paid | 1.4B | 2.2B | 2.2B | 1.9B | 1.5B |
| Total Operating Cash Outflow | 5.7B | 6.8B | 7.0B | 5.4B | 4.0B |
| Operating Cash Flow | -523.0M | -708.0M | 715.0M | 1.0B | 2.2B |
| Total Investing Cash Inflow | 108.0M | 1.1B | 3.8B | 5.1B | 1.1B |
| Total Investing Cash Outflow | 1.0B | 1.3B | 4.2B | 5.5B | 2.2B |
| Investing Cash Flow | -932.0M | -192.0M | -335.0M | -428.0M | -1.0B |
| Cash From Borrowings | 2.1B | 1.6B | 95.6M | 25.0M | 20.0M |
| Dividends And Interest Paid | 180.0M | 721.0M | 503.0M | 265.0M | 113.0M |
| Debt Repayments | 812.0M | 542.0M | 750.00 | -- | 466.0M |
| Total Financing Cash Inflow | 2.2B | 1.8B | 317.0M | 221.0M | 60.5M |
| Total Financing Cash Outflow | 1.2B | 1.7B | 893.0M | 316.0M | 592.0M |
| Financing Cash Flow | 1.1B | 122.0M | -576.0M | -94.7M | -532.0M |
| Net Change In Cash | -402.0M | -778.0M | -196.0M | 518.0M | 651.0M |
| Ending Cash Balance | 1.0B | 1.4B | 2.2B | 2.4B | 1.9B |
| Capex | 693.0M | 1.0B | 873.0M | 584.0M | 205.0M |