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 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.0B | 4.2B | 4.1B | 3.0B | 2.2B | 2.1B | 1.9B | 1.8B | 1.5B | 1.1B | 732.0M |
| Revenue Growth % | -27.9% | 1.2% | 36.4% | 38.2% | 2.2% | 10.6% | 6.9% | 18.3% | 37.1% | 52.2% | -- |
| Total Revenue | 3.0B | 4.2B | 4.1B | 3.0B | 2.2B | 2.1B | 1.9B | 1.8B | 1.5B | 1.1B | 732.0M |
| Cost Of Revenue | 2.9B | 3.7B | 3.6B | 2.6B | 1.8B | 1.7B | 1.5B | 1.3B | 1.1B | 790.0M | 560.0M |
| Gross Profit | 132.0M | 448.0M | 536.0M | 439.0M | 392.0M | 400.0M | 387.0M | 462.0M | 408.0M | 324.0M | 172.0M |
| Gross Margin % | 4.4% | 10.8% | 13.0% | 14.6% | 18.0% | 18.7% | 20.0% | 25.6% | 26.7% | 29.1% | 23.5% |
| Total Operating Cost | 3.3B | 4.1B | 4.0B | 2.8B | 2.0B | 1.9B | 1.7B | 1.6B | 1.3B | 930.0M | 635.0M |
| Selling Expenses | 55.5M | 44.3M | 48.3M | 51.7M | 26.8M | 51.7M | 45.4M | 50.5M | 43.3M | 24.7M | 9.8M |
| Admin Expenses | 47.2M | 41.8M | 80.6M | 55.9M | 45.3M | 37.7M | 39.4M | 37.9M | 29.1M | 12.1M | 33.5M |
| Rd Expenses | 120.0M | 203.0M | 134.0M | 90.3M | 70.9M | 72.7M | 71.0M | 70.4M | 60.8M | 45.6M | -- |
| Finance Expenses | 22.2M | 31.3M | 39.9M | 20.7M | 7.3M | 9.9M | 3.1M | 15.6M | 10.7M | 14.0M | 8.8M |
| Operating Income | -309.0M | 84.1M | 185.0M | 205.0M | 223.0M | 221.0M | 214.0M | 259.0M | 235.0M | 185.0M | 96.6M |
| Operating Margin % | -10.3% | 2.0% | 4.5% | 6.8% | 10.2% | 10.4% | 11.1% | 14.3% | 15.4% | 16.6% | 13.2% |
| Non Operating Income | 2.9M | 2.3M | 2.0M | 856,600 | 1.3M | 580,300 | 2.6M | 2.9M | 2.5M | 1.5M | 2.1M |
| Non Operating Expenses | 8.5M | 5.6M | 6.7M | 13.3M | 1.9M | 3.5M | 1.9M | 7.6M | 2.1M | 691,800 | 803,700 |
| Investment Income | 216,100 | 237,200 | 2.0M | -1.8M | 3.5M | -183,700 | 1.1M | 1.6M | 311,800 | 278,500 | -31,600 |
| Fair Value Change Income | -97,100 | 183,300 | 185,300 | 295,800 | -288,300 | 390,500 | -- | -- | -- | -- | -- |
| Asset Disposal Income | -349,600 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 87.7M | 37.8M | 71.8M | 4.3M | 784,600 | 3.0M | 15.9M | 24.6M | 21.0M | 36.7M | 18.9M |
| Other Income | 19.3M | 26.2M | 19.0M | 17.3M | 16.1M | 7.9M | 4.5M | 2.1M | -- | -- | -- |
| Income Before Tax | -315.0M | 80.8M | 180.0M | 192.0M | 222.0M | 218.0M | 214.0M | 255.0M | 236.0M | 186.0M | 97.9M |
| Income Tax | -27.0M | -22.1M | 9.7M | 22.1M | 28.0M | 28.0M | 27.9M | 37.8M | 34.0M | 25.4M | 14.4M |
| Net Income | -288.0M | 103.0M | 171.0M | 170.0M | 194.0M | 191.0M | 187.0M | 217.0M | 202.0M | 160.0M | 83.5M |
| Net Margin % | -9.6% | 2.5% | 4.2% | 5.6% | 8.9% | 8.9% | 9.7% | 12.0% | 13.2% | 14.4% | 11.4% |
| Net Income Attributable | -285.0M | 104.0M | 171.0M | 170.0M | 194.0M | 190.0M | 187.0M | 218.0M | 202.0M | 160.0M | 83.5M |
| Minority Interest | -3.0M | -624,400 | -544,200 | 279,700 | 35,700 | 227,300 | -585,100 | -1.4M | -- | -- | -- |
| Eps Basic | -0.65 | 0.24 | 0.41 | 0.42 | 0.50 | 0.53 | 0.52 | 0.63 | -- | -- | -- |
| Eps Diluted | -0.65 | 0.24 | 0.41 | 0.43 | 0.50 | 0.53 | 0.52 | 0.63 | -- | -- | -- |
| 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 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 556.0M | 758.0M | 939.0M | 1.1B | 530.0M | 290.0M | 219.0M | 135.0M | 82.4M | 55.1M | 6.9M |
| Trading Financial Assets | 50.8M | 20.7M | 107.0M | 150.0M | 50.1M | 58.5M | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.2B | 1.5B | 1.3B | 1.2B | 1.0B | 834.0M | 758.0M | 596.0M | -- | -- | 327.0M |
| Notes Receivable | 221.0M | 171.0M | 292.0M | 236.0M | 240.0M | 461.0M | 531.0M | 458.0M | -- | -- | 51.4M |
| Notes And Accounts Receivable | 1.4B | 1.6B | 1.6B | 1.4B | 1.3B | 1.3B | 1.3B | 1.1B | 880.0M | 725.0M | 379.0M |
| Prepayments | 84.4M | 59.9M | 152.0M | 31.6M | 19.9M | 30.9M | 26.8M | 14.4M | 5.0M | 9.2M | 3.6M |
| Inventory | 489.0M | 699.0M | 678.0M | 616.0M | 354.0M | 192.0M | 261.0M | 178.0M | 145.0M | 107.0M | 66.7M |
| Total Current Assets | 2.9B | 3.6B | 3.8B | 3.6B | 2.4B | 1.9B | 1.8B | 1.4B | 1.1B | 908.0M | 476.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | 2.2M | 2.7M | 2.5M | 1.1M | 746,800 | 468,400 |
| Fixed Assets | -- | 1.0B | 907.0M | 792.0M | 320.0M | 259.0M | 214.0M | 98.4M | 94.1M | 69.8M | 64.4M |
| Fixed Assets Total | 1.1B | 1.0B | 907.0M | 792.0M | 320.0M | 259.0M | 214.0M | 98.4M | 94.1M | 69.8M | 64.4M |
| Construction In Progress | -- | 98.0M | 175.0M | 178.0M | 378.0M | 18.8M | 11.3M | 27.9M | 1.5M | 5.1M | 670,700 |
| Construction In Progress Total | 59.6M | 98.0M | 175.0M | 178.0M | 378.0M | 18.8M | 11.3M | 27.9M | 1.5M | 5.1M | 670,700 |
| Intangible Assets | 90.3M | 91.2M | 78.2M | 81.3M | 84.3M | 33.1M | 19.7M | 13.0M | 15.4M | 18.7M | 21.7M |
| Long Term Deferred Expenses | 3.0M | 2.0M | 1.8M | 2.5M | 7.3M | 615,300 | 1.6M | 3.1M | 607,000 | -- | 4,200 |
| Total Non Current Assets | 1.4B | 1.4B | 1.2B | 1.1B | 851.0M | 352.0M | 296.0M | 178.0M | 140.0M | 122.0M | 103.0M |
| Total Assets | 4.4B | 4.9B | 5.0B | 4.7B | 3.3B | 2.2B | 2.1B | 1.6B | 1.3B | 1.0B | 580.0M |
| Short Term Borrowings | 602.0M | 596.0M | 570.0M | 448.0M | 308.0M | 289.0M | 225.0M | 106.0M | 93.4M | 146.0M | 56.5M |
| Accounts Payable | 430.0M | 448.0M | 448.0M | 545.0M | 423.0M | 392.0M | 546.0M | 416.0M | -- | -- | 171.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 2.1M | 1.0M | 4.4M | 1.4M | 2.4M | 1.7M |
| Contract Liabilities | 6.3M | 6.7M | 7.6M | 2.8M | 1.3M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.5B | 1.8B | 1.5B | 1.6B | 1.2B | 930.0M | 1.0B | 650.0M | 583.0M | 550.0M | 261.0M |
| Long Term Borrowings | 86.7M | 109.0M | 478.0M | 337.0M | 228.0M | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 178.0M | 152.0M | 517.0M | 880.0M | 228.0M | 2.4M | 4.6M | 6.8M | 1.1M | 4.2M | 2.7M |
| Total Liabilities | 1.7B | 1.9B | 2.0B | 2.5B | 1.4B | 932.0M | 1.0B | 657.0M | 584.0M | 554.0M | 264.0M |
| Paid In Capital | 437.0M | 440.0M | 441.0M | 404.0M | 400.0M | 360.0M | 360.0M | 360.0M | 149.0M | 149.0M | 149.0M |
| Capital Reserve | 1.6B | 1.6B | 1.6B | 911.0M | 818.0M | 467.0M | 442.0M | 418.0M | 62.0M | 62.0M | 62.0M |
| Surplus Reserve | 120.0M | 120.0M | 107.0M | 87.9M | 72.8M | 53.5M | 34.6M | 15.6M | 47.5M | 27.3M | 11.3M |
| Retained Earnings | 538.0M | 855.0M | 819.0M | 717.0M | 583.0M | 428.0M | 256.0M | 138.0M | 420.0M | 238.0M | 93.9M |
| Minority Equity | 8.6M | 787,800 | -1.6M | -1.0M | -1.3M | -1.3M | -1.6M | -989,400 | -- | -- | -- |
| Equity Attributable | 2.7B | 3.0B | 3.0B | 2.2B | 1.9B | 1.3B | 1.1B | 932.0M | 678.0M | 476.0M | 316.0M |
| Total Equity | 2.7B | 3.0B | 3.0B | 2.2B | 1.9B | 1.3B | 1.1B | 931.0M | 678.0M | 476.0M | 316.0M |
| 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 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.8B | 3.4B | 3.4B | 2.0B | 1.5B | 1.4B | 1.3B | 1.2B | 1.1B | 565.0M | 415.0M |
| Tax Refunds Received | 66.3M | 73.5M | 86.9M | 75.3M | 47.4M | 22.9M | 19.8M | 5.2M | 4.4M | -- | 1.6M |
| Total Operating Cash Inflow | 3.0B | 3.5B | 3.6B | 2.2B | 1.6B | 1.4B | 1.3B | 1.3B | 1.1B | 595.0M | 441.0M |
| Cash Paid For Goods | 2.2B | 3.2B | 3.4B | 2.1B | 1.3B | 1.1B | 1.0B | 935.0M | 766.0M | 451.0M | 353.0M |
| Cash Paid To Employees | 177.0M | 165.0M | 149.0M | 119.0M | 85.1M | 78.4M | 74.7M | 85.7M | 47.4M | 37.2M | 27.2M |
| Taxes Paid | 31.9M | 60.6M | 58.2M | 40.1M | 41.5M | 55.4M | 40.0M | 82.3M | 79.7M | 60.8M | 30.7M |
| Total Operating Cash Outflow | 2.6B | 3.5B | 3.7B | 2.3B | 1.6B | 1.3B | 1.2B | 1.2B | 966.0M | 631.0M | 461.0M |
| Operating Cash Flow | 365.0M | 24.6M | -79.7M | -177.0M | 28.9M | 155.0M | 86.3M | 81.5M | 122.0M | -36.4M | -19.9M |
| Total Investing Cash Inflow | 117.0M | 199.0M | 1.1B | 217.0M | 521.0M | 80.4M | 111.0M | 60.9M | 2,586 | 5,551 | 22,000 |
| Total Investing Cash Outflow | 333.0M | 266.0M | 1.3B | 585.0M | 1.0B | 217.0M | 229.0M | 138.0M | 21.2M | 18.1M | 8.5M |
| Investing Cash Flow | -216.0M | -67.1M | -171.0M | -368.0M | -513.0M | -137.0M | -118.0M | -76.9M | -21.2M | -18.1M | -8.5M |
| Cash From Borrowings | 935.0M | 757.0M | 949.0M | 949.0M | 597.0M | 335.0M | 316.0M | 202.0M | 139.0M | 262.0M | 177.0M |
| Dividends And Interest Paid | 64.5M | 95.4M | 78.3M | 46.2M | 32.4M | 10.4M | 56.9M | 54.9M | 6.4M | 5.4M | 2.8M |
| Debt Repayments | 1.2B | 756.0M | 777.0M | 533.0M | 274.0M | 267.0M | 178.0M | 151.0M | 191.0M | 174.0M | 150.0M |
| Total Financing Cash Inflow | 946.0M | 760.0M | 952.0M | 1.7B | 980.0M | 335.0M | 316.0M | 273.0M | 139.0M | 272.0M | 179.0M |
| Total Financing Cash Outflow | 1.3B | 868.0M | 862.0M | 583.0M | 317.0M | 277.0M | 235.0M | 211.0M | 210.0M | 192.0M | 161.0M |
| Financing Cash Flow | -351.0M | -108.0M | 89.9M | 1.1B | 663.0M | 58.2M | 80.6M | 61.8M | -70.8M | 80.7M | 17.7M |
| Net Change In Cash | -197.0M | -147.0M | -149.0M | 584.0M | 173.0M | 83.9M | 51.7M | 65.2M | 29.8M | 25.3M | -10.7M |
| Ending Cash Balance | 524.0M | 721.0M | 868.0M | 1.0B | 433.0M | 261.0M | 177.0M | 125.0M | 59.8M | 30.0M | 4.7M |
| Capex | 159.0M | 156.0M | 220.0M | 270.0M | 519.0M | 77.4M | 137.0M | 57.8M | 21.2M | 18.1M | 8.0M |