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 | 48.0B | 46.4B | 43.8B | 41.5B | 43.0B |
| Revenue Growth % | 3.4% | 5.8% | 5.6% | -3.5% | -- |
| Total Revenue | 48.0B | 46.4B | 43.8B | 41.5B | 43.0B |
| Cost Of Revenue | 45.9B | 44.3B | 41.5B | 39.4B | 40.2B |
| Gross Profit | 2.0B | 2.1B | 2.3B | 2.1B | 2.8B |
| Gross Margin % | 4.2% | 4.4% | 5.3% | 5.1% | 6.4% |
| Total Operating Cost | 47.9B | 47.0B | 43.8B | 41.4B | 43.7B |
| Selling Expenses | 291.0M | 389.0M | 341.0M | 335.0M | 426.0M |
| Admin Expenses | 471.0M | 514.0M | 537.0M | 486.0M | 478.0M |
| Rd Expenses | 576.0M | 700.0M | 748.0M | 705.0M | 728.0M |
| Finance Expenses | 360.0M | 422.0M | 440.0M | 424.0M | 515.0M |
| Operating Income | 23.4M | -359.0M | 39.3M | 82.0M | -712.0M |
| Operating Margin % | 0.0% | -0.8% | 0.1% | 0.2% | -1.7% |
| Non Operating Income | 10.4M | 12.0M | 22.3M | 13.7M | 8.3M |
| Non Operating Expenses | 9.6M | 12.7M | 6.5M | 1.8M | 1.6M |
| Investment Income | -134.0M | 125.0M | -41.7M | 6.7M | 10.3M |
| Fair Value Change Income | 7.1M | 14.6M | -24.6M | -- | -- |
| Asset Disposal Income | 6.7M | -6.0M | 21,200 | -480,500 | 1.6M |
| Asset Impairment Loss | 12.3M | 86.0M | 14.5M | 14.9M | 15,400 |
| Other Income | 69.1M | 136.0M | 113.0M | 38.6M | 30.0M |
| Income Before Tax | 24.2M | -359.0M | 55.1M | 93.8M | -705.0M |
| Income Tax | 40.1M | -36.9M | 9.5M | 28.9M | -59.7M |
| Net Income | -15.9M | -322.0M | 45.6M | 65.0M | -645.0M |
| Net Margin % | -0.0% | -0.7% | 0.1% | 0.2% | -1.5% |
| Net Income Attributable | -43.9M | -300.0M | 31.0M | 65.3M | -763.0M |
| Minority Interest | 28.0M | -22.5M | 14.6M | -370,500 | 117.0M |
| Eps Basic | -0.03 | -0.22 | 0.02 | 0.05 | -0.56 |
| Eps Diluted | -0.03 | -0.22 | 0.02 | 0.05 | -0.56 |
| 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 | 2.9B | 2.8B | 3.8B | 3.9B | 3.8B |
| Trading Financial Assets | 3.6M | 556,800 | -- | -- | -- |
| Accounts Receivable | 5.8B | 6.0B | 5.7B | 5.3B | 4.7B |
| Notes Receivable | 605.0M | 780.0M | 968.0M | 1.0B | 791.0M |
| Notes And Accounts Receivable | 6.4B | 6.8B | 6.7B | 6.3B | 5.5B |
| Prepayments | 421.0M | 222.0M | 205.0M | 231.0M | 334.0M |
| Inventory | 3.9B | 3.3B | 3.4B | 2.6B | 2.7B |
| Total Current Assets | 15.4B | 14.7B | 15.1B | 13.9B | 13.4B |
| Long Term Equity Investment | 685.0M | 8.5M | 7.7M | 5.6M | 26.4M |
| Fixed Assets | 3.5B | -- | -- | -- | 5.1B |
| Fixed Assets Total | 3.5B | 3.7B | 5.4B | 5.2B | 5.1B |
| Construction In Progress | 234.0M | -- | -- | -- | 617.0M |
| Construction In Progress Total | 236.0M | 243.0M | 368.0M | 481.0M | 630.0M |
| Intangible Assets | 746.0M | 790.0M | 867.0M | 865.0M | 871.0M |
| Long Term Deferred Expenses | 27.3M | 34.5M | 31.6M | 34.6M | 40.2M |
| Total Non Current Assets | 5.8B | 6.1B | 7.3B | 7.2B | 7.3B |
| Total Assets | 21.1B | 20.8B | 22.3B | 21.1B | 20.7B |
| Short Term Borrowings | 7.1B | -- | -- | -- | 9.6B |
| Accounts Payable | 2.2B | 1.0B | 793.0M | 250.0M | 919.0M |
| Advance Receipts | 644,800 | 2.0B | 2.2B | 1.1B | 548,400 |
| Contract Liabilities | 549.0M | 137,800 | 149,500 | 134,300 | 516.0M |
| Total Current Liabilities | 14.1B | 14.7B | 14.1B | 14.4B | 13.3B |
| Long Term Borrowings | 2.4B | 1.7B | 3.0B | 1.6B | 2.2B |
| Total Non Current Liabilities | 2.7B | 2.0B | 3.4B | 2.0B | 2.8B |
| Total Liabilities | 16.8B | 16.7B | 17.4B | 16.3B | 16.1B |
| Paid In Capital | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B |
| Capital Reserve | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B |
| Surplus Reserve | 162.0M | 162.0M | 162.0M | 162.0M | 162.0M |
| Retained Earnings | 252.0M | 295.0M | 595.0M | 564.0M | 490.0M |
| Minority Equity | 691.0M | 690.0M | 1.2B | 1.1B | 1.0B |
| Equity Attributable | 3.7B | 3.4B | 3.7B | 3.7B | 3.6B |
| Total Equity | 4.3B | 4.1B | 4.9B | 4.8B | 4.6B |
| 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 | 54.2B | 50.1B | 44.0B | 42.8B | 46.5B |
| Tax Refunds Received | 147.0M | 38.8M | 60.5M | 397.0M | 74.6M |
| Total Operating Cash Inflow | 54.7B | 50.7B | 44.5B | 43.6B | 46.9B |
| Cash Paid For Goods | 51.7B | 49.3B | 40.7B | 40.8B | 44.2B |
| Cash Paid To Employees | 898.0M | 980.0M | 996.0M | 892.0M | 847.0M |
| Taxes Paid | 516.0M | 493.0M | 565.0M | 510.0M | 367.0M |
| Total Operating Cash Outflow | 53.9B | 51.6B | 43.3B | 43.2B | 46.5B |
| Operating Cash Flow | 812.0M | -863.0M | 1.2B | 400.0M | 451.0M |
| Total Investing Cash Inflow | 19.5M | 481.0M | 10.2M | 9.3M | 15.0M |
| Total Investing Cash Outflow | 240.0M | 293.0M | 561.0M | 542.0M | 1.2B |
| Investing Cash Flow | -220.0M | 188.0M | -551.0M | -532.0M | -1.2B |
| Cash From Borrowings | 10.1B | 9.0B | 8.9B | 9.1B | 11.1B |
| Dividends And Interest Paid | 340.0M | 489.0M | 556.0M | 495.0M | 609.0M |
| Debt Repayments | 9.3B | 8.7B | 8.4B | 9.2B | 8.6B |
| Total Financing Cash Inflow | 14.6B | 16.6B | 13.9B | 14.6B | 16.6B |
| Total Financing Cash Outflow | 14.7B | 16.1B | 14.7B | 14.6B | 15.6B |
| Financing Cash Flow | -138.0M | 429.0M | -824.0M | -11.6M | 1.0B |
| Net Change In Cash | 444.0M | -259.0M | -164.0M | -120.0M | 309.0M |
| Ending Cash Balance | 2.1B | 1.7B | 1.9B | 2.1B | 2.2B |
| Capex | 239.0M | 293.0M | 545.0M | 457.0M | 669.0M |