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 | 2.1B | 1.6B | 1.2B | 939.0M | 630.0M |
| Revenue Growth % | 31.1% | 36.1% | 27.9% | 49.0% | -- |
| Total Revenue | 2.1B | 1.6B | 1.2B | 939.0M | 630.0M |
| Cost Of Revenue | 650.0M | 436.0M | 340.0M | 277.0M | 209.0M |
| Gross Profit | 1.5B | 1.2B | 861.0M | 662.0M | 421.0M |
| Gross Margin % | 69.7% | 73.3% | 71.7% | 70.5% | 66.8% |
| Total Operating Cost | 1.8B | 1.4B | 996.0M | 788.0M | 522.0M |
| Selling Expenses | 942.0M | 793.0M | 563.0M | 451.0M | 277.0M |
| Admin Expenses | 147.0M | 86.5M | 55.4M | 41.9M | 27.5M |
| Rd Expenses | 46.5M | 30.6M | 17.9M | 7.7M | 5.6M |
| Finance Expenses | 10.7M | -805,500 | -1.2M | 427,600 | -3.3M |
| Operating Income | 326.0M | 336.0M | 226.0M | 179.0M | 112.0M |
| Operating Margin % | 15.2% | 20.6% | 18.8% | 19.1% | 17.8% |
| Non Operating Income | 1.9M | 1.4M | 1.0M | 35,000 | -- |
| Non Operating Expenses | 3.1M | 3.2M | 4.0M | 2.6M | 2.4M |
| Investment Income | 1.8M | 55.2M | 11.0M | 17.9M | 2.1M |
| Fair Value Change Income | 145,100 | -- | -88,900 | -- | -- |
| Asset Disposal Income | -172,400 | 589,000 | -88,900 | -148,900 | -- |
| Asset Impairment Loss | 3.0M | 1.7M | 92,000 | 66,300 | -- |
| Other Income | 14.5M | 10.1M | 9.1M | 10.1M | 2.0M |
| Income Before Tax | 325.0M | 334.0M | 223.0M | 177.0M | 110.0M |
| Income Tax | 45.2M | 39.2M | 30.6M | 28.0M | 15.9M |
| Net Income | 280.0M | 295.0M | 192.0M | 149.0M | 94.0M |
| Net Margin % | 13.1% | 18.0% | 16.0% | 15.9% | 14.9% |
| Net Income Attributable | 274.0M | 293.0M | 201.0M | 152.0M | 94.0M |
| Minority Interest | 5.8M | 2.2M | -9.3M | -3.7M | -1,700 |
| Eps Basic | 0.67 | 0.71 | 0.49 | 0.37 | 0.24 |
| Eps Diluted | 0.67 | 0.71 | 0.49 | 0.37 | 0.24 |
| 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 | 475.0M | 571.0M | 571.0M | 544.0M | 450.0M |
| Trading Financial Assets | 22.9M | 51.5M | 59.9M | 98.0M | -- |
| Accounts Receivable | 729.0M | 546.0M | 363.0M | 257.0M | 225.0M |
| Notes Receivable | 82.1M | 31.1M | 16.2M | 15.1M | 25.1M |
| Notes And Accounts Receivable | 811.0M | 577.0M | 379.0M | 272.0M | 251.0M |
| Prepayments | 33.7M | 6.5M | 6.7M | 4.1M | 2.7M |
| Inventory | 321.0M | 176.0M | 98.1M | 88.6M | 47.5M |
| Total Current Assets | 1.8B | 1.5B | 1.2B | 1.1B | 920.0M |
| Long Term Equity Investment | 12.5M | 79,500 | 130.0M | 119.0M | 168.0M |
| Fixed Assets | -- | 615.0M | 188.0M | 154.0M | 154.0M |
| Fixed Assets Total | 564.0M | 615.0M | 188.0M | 154.0M | 154.0M |
| Construction In Progress | -- | 35,400 | 48.6M | 4.2M | 271,100 |
| Construction In Progress Total | -- | 35,400 | 48.6M | 4.2M | 271,100 |
| Intangible Assets | 216.0M | 235.0M | 107.0M | 20.4M | 11.8M |
| Long Term Deferred Expenses | 562,700 | 856,300 | 1.5M | 2.9M | -- |
| Total Non Current Assets | 1.4B | 1.4B | 645.0M | 305.0M | 339.0M |
| Total Assets | 3.2B | 2.9B | 1.8B | 1.4B | 1.3B |
| Short Term Borrowings | 352.0M | 255.0M | 205.0M | 200.0M | 200.0M |
| Accounts Payable | 361.0M | 295.0M | 178.0M | 99.5M | 36.1M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 7.8M | 8.2M | 79.0M | 5.8M | 5.9M |
| Total Current Liabilities | 1.2B | 839.0M | 549.0M | 360.0M | 264.0M |
| Long Term Borrowings | 209.0M | 254.0M | -- | -- | -- |
| Total Non Current Liabilities | 363.0M | 372.0M | 29.7M | 12.5M | 13.0M |
| Total Liabilities | 1.6B | 1.2B | 578.0M | 373.0M | 277.0M |
| Paid In Capital | 410.0M | 410.0M | 411.0M | 411.0M | 407.0M |
| Capital Reserve | 149.0M | 225.0M | 230.0M | 223.0M | 201.0M |
| Surplus Reserve | 133.0M | 113.0M | 91.8M | 70.8M | 55.3M |
| Retained Earnings | 936.0M | 764.0M | 533.0M | 353.0M | 318.0M |
| Minority Equity | 67.3M | 239.0M | -822,600 | 606,900 | -15,500 |
| Equity Attributable | 1.5B | 1.5B | 1.2B | 1.0B | 982.0M |
| Total Equity | 1.6B | 1.7B | 1.2B | 1.0B | 982.0M |
| 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 | 2.0B | 1.6B | 1.3B | 1.0B | 655.0M |
| Tax Refunds Received | 3.6M | 4.4M | 196,600 | 33,800 | -- |
| Total Operating Cash Inflow | 2.1B | 1.7B | 1.3B | 1.0B | 664.0M |
| Cash Paid For Goods | 572.0M | 349.0M | 296.0M | 237.0M | 199.0M |
| Cash Paid To Employees | 307.0M | 217.0M | 158.0M | 92.8M | 44.1M |
| Taxes Paid | 214.0M | 180.0M | 116.0M | 100.0M | 64.5M |
| Total Operating Cash Outflow | 2.0B | 1.4B | 1.0B | 871.0M | 600.0M |
| Operating Cash Flow | 107.0M | 277.0M | 293.0M | 155.0M | 63.2M |
| Total Investing Cash Inflow | 192.0M | 225.0M | 101.0M | 387.0M | 231.0M |
| Total Investing Cash Outflow | 295.0M | 839.0M | 367.0M | 366.0M | 524.0M |
| Investing Cash Flow | -103.0M | -614.0M | -267.0M | 20.6M | -293.0M |
| Cash From Borrowings | 351.0M | 504.0M | 205.0M | 200.0M | 300.0M |
| Dividends And Interest Paid | 104.0M | 50.9M | 8.9M | 110.0M | 2.6M |
| Debt Repayments | 300.0M | 205.0M | 200.0M | 200.0M | 100.0M |
| Total Financing Cash Inflow | 415.0M | 624.0M | 209.0M | 229.0M | 565.0M |
| Total Financing Cash Outflow | 515.0M | 286.0M | 209.0M | 310.0M | 125.0M |
| Financing Cash Flow | -101.0M | 338.0M | -124,800 | -81.5M | 440.0M |
| Net Change In Cash | -96.5M | 550,900 | 26.6M | 94.2M | 210.0M |
| Ending Cash Balance | 475.0M | 571.0M | 571.0M | 544.0M | 450.0M |
| Capex | 45.2M | 109.0M | 120.0M | 26.1M | 51.7M |