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 | 1.4B | 1.2B | 1.2B | 847.0M | 422.0M |
| Revenue Growth % | 19.5% | -0.3% | 40.7% | 100.7% | -- |
| Total Revenue | 1.4B | 1.2B | 1.2B | 847.0M | 422.0M |
| Cost Of Revenue | 1.1B | 929.0M | 991.0M | 697.0M | 331.0M |
| Gross Profit | 291.0M | 260.0M | 201.0M | 150.0M | 91.0M |
| Gross Margin % | 20.5% | 21.9% | 16.9% | 17.7% | 21.6% |
| Total Operating Cost | 1.3B | 1.0B | 1.1B | 767.0M | 367.0M |
| Selling Expenses | 10.1M | 8.6M | 6.1M | 5.5M | 4.2M |
| Admin Expenses | 47.2M | 33.2M | 25.7M | 20.4M | 11.6M |
| Rd Expenses | 44.8M | 44.4M | 40.5M | 29.0M | 13.9M |
| Finance Expenses | -3.1M | -1.7M | -3.4M | 4.1M | 2.4M |
| Operating Income | 170.0M | 178.0M | 129.0M | 81.2M | 55.7M |
| Operating Margin % | 12.0% | 15.0% | 10.8% | 9.6% | 13.2% |
| Non Operating Income | 669,100 | 94,700 | 186,100 | 60,400 | 63,200 |
| Non Operating Expenses | 1.0M | 1.2M | 1.1M | 40,400 | 902,800 |
| Investment Income | 1.6M | -143,900 | -- | -- | 28,400 |
| Fair Value Change Income | 650,000 | -- | -- | -- | -- |
| Asset Disposal Income | -1.1M | -515,000 | 128,400 | -2,100 | -324,500 |
| Asset Impairment Loss | 8.3M | 8.8M | 1.1M | 436,400 | 289,100 |
| Other Income | 4.4M | 2.9M | 1.6M | 1.8M | 1.1M |
| Income Before Tax | 170.0M | 177.0M | 128.0M | 81.2M | 54.9M |
| Income Tax | 20.3M | 21.5M | 14.5M | 8.6M | 7.0M |
| Net Income | 150.0M | 156.0M | 114.0M | 72.6M | 47.9M |
| Net Margin % | 10.6% | 13.1% | 9.6% | 8.6% | 11.4% |
| Net Income Attributable | 153.0M | 156.0M | 114.0M | 72.6M | 47.9M |
| Minority Interest | -3.5M | -- | -- | -- | -- |
| Eps Basic | 1.17 | 1.19 | 0.89 | 0.66 | 0.45 |
| Eps Diluted | 1.17 | 1.19 | 0.89 | 0.66 | 0.45 |
| 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 | 242.0M | 443.0M | 135.0M | 105.0M | 62.1M |
| Accounts Receivable | 548.0M | 294.0M | 452.0M | 321.0M | 164.0M |
| Notes Receivable | 25.2M | 28.0M | 124.0M | 41.6M | 17.4M |
| Notes And Accounts Receivable | 573.0M | 322.0M | 576.0M | 363.0M | 181.0M |
| Prepayments | 46.2M | 52.5M | 83.0M | 91.4M | 53.5M |
| Inventory | 240.0M | 184.0M | 149.0M | 139.0M | 73.7M |
| Total Current Assets | 1.1B | 1.0B | 968.0M | 702.0M | 374.0M |
| Long Term Equity Investment | -- | 11.2M | -- | -- | -- |
| Fixed Assets | -- | 336.0M | 225.0M | 144.0M | 95.4M |
| Fixed Assets Total | 351.0M | 336.0M | 225.0M | 144.0M | 95.4M |
| Construction In Progress | -- | 32.5M | 66.6M | 4.3M | 1.6M |
| Construction In Progress Total | 164.0M | 32.5M | 66.6M | 4.3M | 1.6M |
| Intangible Assets | 39.6M | 34.7M | 35.9M | 14.8M | 15.0M |
| Long Term Deferred Expenses | 23.2M | 13.5M | 6.3M | 6.1M | 3.6M |
| Total Non Current Assets | 710.0M | 480.0M | 362.0M | 182.0M | 129.0M |
| Total Assets | 1.8B | 1.5B | 1.3B | 884.0M | 503.0M |
| Short Term Borrowings | 60.1M | 32.0M | 130.0M | 53.8M | 11.8M |
| Accounts Payable | 121.0M | 107.0M | 71.2M | 46.0M | 34.8M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 737,900 | 1.0M | 188,300 | 1.1M | 957,900 |
| Total Current Liabilities | 706.0M | 556.0M | 573.0M | 334.0M | 187.0M |
| Long Term Borrowings | -- | 8.5M | -- | -- | -- |
| Total Non Current Liabilities | 39.4M | 51.3M | 32.4M | 18.2M | 11.7M |
| Total Liabilities | 745.0M | 607.0M | 605.0M | 353.0M | 198.0M |
| Paid In Capital | 131.0M | 131.0M | 131.0M | 120.0M | 41.7M |
| Capital Reserve | 232.0M | 229.0M | 225.0M | 157.0M | 80.8M |
| Surplus Reserve | 67.8M | 52.3M | 36.7M | 25.3M | 18.1M |
| Retained Earnings | 609.0M | 472.0M | 331.0M | 229.0M | 164.0M |
| Minority Equity | 51.9M | -- | -- | -- | -- |
| Equity Attributable | 1.0B | 884.0M | 725.0M | 532.0M | 304.0M |
| Total Equity | 1.1B | 884.0M | 725.0M | 532.0M | 304.0M |
| 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 | 1.0B | 1.2B | 860.0M | 611.0M | 340.0M |
| Tax Refunds Received | 23.6M | 38.8M | 12.8M | 10.7M | 3.8M |
| Total Operating Cash Inflow | 1.1B | 1.3B | 969.0M | 637.0M | 377.0M |
| Cash Paid For Goods | 949.0M | 706.0M | 820.0M | 689.0M | 277.0M |
| Cash Paid To Employees | 128.0M | 97.9M | 79.2M | 54.3M | 36.5M |
| Taxes Paid | 29.6M | 7.2M | 30.2M | 13.3M | 12.1M |
| Total Operating Cash Outflow | 1.1B | 861.0M | 1.0B | 765.0M | 384.0M |
| Operating Cash Flow | -63.4M | 458.0M | -65.2M | -127.0M | -6.8M |
| Total Investing Cash Inflow | 463.0M | 54.1M | 228,000 | 14,600 | 795,200 |
| Total Investing Cash Outflow | 673.0M | 131.0M | 29.7M | 39.3M | 12.4M |
| Investing Cash Flow | -210.0M | -76.8M | -29.4M | -39.3M | -11.6M |
| Cash From Borrowings | 72.0M | 52.0M | 151.0M | 53.7M | 23.6M |
| Dividends And Interest Paid | 1.4M | 2.9M | 2.9M | 1.7M | 540,500 |
| Debt Repayments | 53.5M | 106.0M | 75.2M | 11.8M | 33.6M |
| Total Financing Cash Inflow | 109.0M | 52.0M | 151.0M | 206.0M | 80.9M |
| Total Financing Cash Outflow | 59.8M | 111.0M | 82.6M | 14.7M | 104.0M |
| Financing Cash Flow | 49.7M | -59.4M | 68.7M | 191.0M | -23.5M |
| Net Change In Cash | -222.0M | 323.0M | -23.0M | 23.7M | -42.9M |
| Ending Cash Balance | 121.0M | 344.0M | 21.0M | 44.0M | 20.3M |
| Capex | 173.0M | 69.2M | 29.7M | 39.3M | 12.4M |