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 |
|---|---|---|---|---|---|---|---|
| Revenue | 504.0M | 823.0M | 771.0M | 356.0M | 211.0M | 75.1M | 3.4M |
| Revenue Growth % | -38.8% | 6.7% | 116.6% | 68.7% | 180.9% | 2112.6% | -- |
| Total Revenue | 504.0M | 823.0M | 771.0M | 356.0M | 211.0M | 75.1M | 3.4M |
| Cost Of Revenue | 326.0M | 460.0M | 446.0M | 192.0M | 111.0M | 40.6M | 2.0M |
| Gross Profit | 178.0M | 363.0M | 325.0M | 164.0M | 100.0M | 34.5M | 1.4M |
| Gross Margin % | 35.3% | 44.1% | 42.2% | 46.1% | 47.4% | 46.0% | 41.0% |
| Total Operating Cost | 506.0M | 628.0M | 581.0M | 270.0M | 144.0M | 59.9M | 5.3M |
| Selling Expenses | 46.3M | 34.7M | 25.2M | 13.2M | 4.3M | 1.3M | 45,800 |
| Admin Expenses | 34.2M | 32.7M | 36.1M | 26.2M | 12.7M | 6.0M | 1.8M |
| Rd Expenses | 89.5M | 77.6M | 57.3M | 33.5M | 14.3M | 11.0M | 1.4M |
| Finance Expenses | -2.6M | -235,900 | -368,500 | -1.3M | 791,900 | 78,600 | 5,600 |
| Operating Income | 19.7M | 217.0M | 205.0M | 98.5M | 73.3M | 18.1M | -1.9M |
| Operating Margin % | 3.9% | 26.4% | 26.6% | 27.7% | 34.7% | 24.1% | -57.3% |
| Non Operating Income | 300.00 | 70,100 | 129,300 | 31,300 | -- | -- | -- |
| Non Operating Expenses | 225,400 | 793,300 | 895,800 | 117,800 | 78,400 | -- | -- |
| Investment Income | 4.3M | 19,300 | 1.8M | 1.1M | 379,800 | -- | -- |
| Fair Value Change Income | 5.8M | 740,700 | -- | -- | -- | -- | -- |
| Asset Disposal Income | 179,400 | -365,500 | 78,800 | -- | -- | -- | -- |
| Asset Impairment Loss | 5.7M | 4.2M | 6.9M | 1.3M | -- | -- | 101,400 |
| Other Income | 11.1M | 21.9M | 13.9M | 12.2M | 6.3M | 2.9M | 1,600 |
| Income Before Tax | 19.4M | 216.0M | 204.0M | 98.4M | 73.2M | 18.1M | -1.9M |
| Income Tax | 8.2M | 29.0M | 23.1M | 11.7M | 10.2M | 2.3M | -653,800 |
| Net Income | 11.3M | 187.0M | 181.0M | 86.8M | 63.0M | 15.8M | -1.3M |
| Net Margin % | 2.2% | 22.7% | 23.5% | 24.4% | 29.9% | 21.0% | -38.0% |
| Net Income Attributable | 22.9M | 195.0M | 185.0M | 87.5M | 63.0M | 15.8M | -1.3M |
| Minority Interest | -11.6M | -7.8M | -3.9M | -710,200 | -- | -- | -- |
| Eps Basic | 0.23 | 2.58 | 2.45 | 1.16 | 0.87 | -- | -- |
| Eps Diluted | -- | -- | -- | 1.16 | 0.87 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 331.0M | 62.7M | 179.0M | 155.0M | 187.0M | 18.4M | 5.7M |
| Trading Financial Assets | 372.0M | 10.7M | -- | -- | -- | 1.0M | -- |
| Accounts Receivable | 355.0M | 378.0M | 191.0M | 76.2M | 16.8M | 12.8M | 1.9M |
| Notes Receivable | 112.0M | 170.0M | 102.0M | 43.4M | 22.7M | 7.4M | -- |
| Notes And Accounts Receivable | 467.0M | 548.0M | 293.0M | 120.0M | 39.5M | 20.2M | 1.9M |
| Prepayments | 18.1M | 19.5M | 10.4M | 13.4M | 1.1M | 207,300 | 243,200 |
| Inventory | 219.0M | 208.0M | 206.0M | 77.5M | 31.3M | 14.7M | 5.4M |
| Total Current Assets | 1.5B | 910.0M | 728.0M | 374.0M | 272.0M | 55.7M | 13.6M |
| Fixed Assets | -- | 31.8M | 28.9M | 7.7M | 4.7M | 1.8M | 788,000 |
| Fixed Assets Total | 109.0M | 31.8M | 28.9M | 7.7M | 4.7M | 1.8M | 788,000 |
| Construction In Progress | -- | 1.1M | 391,100 | -- | 197,000 | 749,100 | -- |
| Construction In Progress Total | 442,400 | 1.1M | 391,100 | -- | 197,000 | 749,100 | -- |
| Intangible Assets | 26.2M | 29.1M | 27.2M | 20.4M | 22.6M | 25.7M | 29.0M |
| Long Term Deferred Expenses | 8.3M | 8.7M | 11.0M | 815,800 | 1.4M | 98,500 | -- |
| Total Non Current Assets | 194.0M | 133.0M | 128.0M | 85.7M | 29.3M | 28.5M | 30.7M |
| Total Assets | 1.7B | 1.0B | 855.0M | 460.0M | 301.0M | 84.1M | 44.3M |
| Short Term Borrowings | 2.0M | -- | -- | -- | -- | 5.0M | -- |
| Accounts Payable | 82.2M | 182.0M | 184.0M | 58.0M | 22.2M | 12.3M | 4.1M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 2,100 |
| Contract Liabilities | 339,500 | 236,400 | 1.2M | 547,100 | 465,200 | -- | -- |
| Total Current Liabilities | 153.0M | 322.0M | 320.0M | 115.0M | 51.9M | 26.5M | 4.5M |
| Total Non Current Liabilities | 889,100 | 4.4M | 9.7M | 3.7M | 298,000 | -- | -- |
| Total Liabilities | 154.0M | 327.0M | 330.0M | 119.0M | 52.2M | 26.5M | 4.5M |
| Paid In Capital | 101.0M | 75.5M | 75.5M | 75.5M | 75.5M | 3.6M | 3.5M |
| Capital Reserve | 982.0M | 142.0M | 138.0M | 135.0M | 133.0M | 39.8M | 37.9M |
| Surplus Reserve | 42.3M | 37.8M | 33.7M | 13.1M | 4.1M | 1.4M | -- |
| Retained Earnings | 448.0M | 470.0M | 279.0M | 115.0M | 36.5M | 12.8M | -1.6M |
| Minority Equity | -20.1M | -9.1M | -1.6M | 2.3M | -- | -- | -- |
| Equity Attributable | 1.6B | 725.0M | 527.0M | 339.0M | 249.0M | 57.6M | 39.8M |
| Total Equity | 1.6B | 716.0M | 525.0M | 341.0M | 249.0M | 57.6M | 39.8M |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash From Sales | 202.0M | 313.0M | 353.0M | 170.0M | 134.0M | 50.9M | 1.7M |
| Tax Refunds Received | 34,200 | 68,500 | 141,000 | -- | -- | -- | -- |
| Total Operating Cash Inflow | 217.0M | 332.0M | 368.0M | 186.0M | 141.0M | 53.9M | 3.8M |
| Cash Paid For Goods | 121.0M | 179.0M | 139.0M | 72.1M | 50.6M | 30.4M | 3.9M |
| Cash Paid To Employees | 109.0M | 98.3M | 64.9M | 34.3M | 12.0M | 5.1M | 947,100 |
| Taxes Paid | 37.2M | 70.8M | 54.7M | 28.0M | 17.0M | 2.0M | 6,477 |
| Total Operating Cash Outflow | 324.0M | 405.0M | 304.0M | 161.0M | 89.0M | 43.1M | 8.7M |
| Operating Cash Flow | -107.0M | -72.7M | 64.2M | 24.4M | 52.2M | 10.8M | -4.9M |
| Total Investing Cash Inflow | 660.0M | 23.1M | 138.0M | 139.0M | 54.8M | -- | -- |
| Total Investing Cash Outflow | 1.1B | 60.4M | 172.0M | 194.0M | 56.7M | 3.2M | 30.0M |
| Investing Cash Flow | -444.0M | -37.3M | -34.0M | -55.0M | -2.0M | -3.2M | -30.0M |
| Cash From Borrowings | 2.0M | 5.0M | -- | -- | 24.0M | 5.0M | 3.5M |
| Dividends And Interest Paid | 40.3M | 39,000 | -- | -- | 1.0M | 81,600 | 8,800 |
| Debt Repayments | -- | 5.0M | -- | -- | 29.0M | -- | 3.5M |
| Total Financing Cash Inflow | 894.0M | 5.0M | -- | -- | 148.0M | 5.1M | 43.8M |
| Total Financing Cash Outflow | 74.6M | 11.8M | 5.5M | 1.3M | 30.0M | 81,600 | 3.5M |
| Financing Cash Flow | 820.0M | -6.8M | -5.5M | -1.3M | 118.0M | 5.0M | 40.3M |
| Net Change In Cash | 269.0M | -117.0M | 24.7M | -32.0M | 168.0M | 12.7M | 5.4M |
| Ending Cash Balance | 331.0M | 62.7M | 179.0M | 155.0M | 187.0M | 18.4M | 5.7M |
| Capex | 86.7M | 29.8M | 36.1M | 10.1M | 3.3M | 2.2M | 30.0M |