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 | 585.0M | 748.0M | 669.0M | 1.3B | 1.0B | 724.0M | 505.0M | 374.0M | 262.0M | 190.0M | 110.0M |
| Revenue Growth % | -21.8% | 11.8% | -47.9% | 27.7% | 39.0% | 43.4% | 35.0% | 42.7% | 37.9% | 72.7% | -- |
| Total Revenue | 585.0M | 748.0M | 669.0M | 1.3B | 1.0B | 724.0M | 505.0M | 374.0M | 262.0M | 190.0M | 110.0M |
| Cost Of Revenue | 393.0M | 470.0M | 449.0M | 515.0M | 396.0M | 263.0M | 194.0M | 123.0M | 113.0M | 91.3M | 78.9M |
| Gross Profit | 192.0M | 278.0M | 220.0M | 770.0M | 610.0M | 461.0M | 311.0M | 251.0M | 149.0M | 98.7M | 31.1M |
| Gross Margin % | 32.8% | 37.2% | 32.9% | 59.9% | 60.6% | 63.7% | 61.6% | 67.1% | 56.9% | 52.0% | 28.3% |
| Total Operating Cost | 753.0M | 763.0M | 873.0M | 936.0M | 713.0M | 485.0M | 336.0M | 237.0M | 208.0M | 170.0M | 97.7M |
| Selling Expenses | 55.2M | 52.1M | 84.1M | 74.7M | 68.9M | 70.6M | 38.1M | 29.6M | 15.7M | 8.7M | 1.5M |
| Admin Expenses | 108.0M | 97.1M | 119.0M | 107.0M | 104.0M | 88.1M | 49.8M | 37.3M | 77.8M | 67.7M | 12.7M |
| Rd Expenses | 120.0M | 102.0M | 149.0M | 179.0M | 114.0M | 56.3M | 46.3M | 35.0M | -- | -- | -- |
| Finance Expenses | 9.4M | 19.3M | 18.1M | 10.4M | 963,300 | -7.8M | -589,000 | 20,800 | -160,600 | -358,400 | 400.00 |
| Operating Income | -224.0M | -20.6M | -173.0M | 469.0M | 343.0M | 272.0M | 195.0M | 147.0M | 54.6M | 20.4M | 12.0M |
| Operating Margin % | -38.3% | -2.8% | -25.9% | 36.5% | 34.1% | 37.6% | 38.6% | 39.3% | 20.8% | 10.7% | 10.9% |
| Non Operating Income | 51,500 | 3.3M | 42.1M | 69.2M | 55.2M | 33.9M | 23.0M | 16.4M | 15.8M | 10.1M | 1.6M |
| Non Operating Expenses | 1.1M | 4.7M | 531,200 | 2.9M | 1.4M | 953,100 | 2.4M | 39,000 | 201,300 | 606,300 | 134,300 |
| Investment Income | -65.3M | -29.8M | -13.5M | 69.2M | 11.7M | 13.6M | 4.4M | 1.2M | 66,300 | -- | -- |
| Fair Value Change Income | 5.0M | 5.5M | 25.3M | 14.7M | 7.2M | 3.1M | -- | -- | -- | -- | -- |
| Asset Disposal Income | 775,600 | 715,500 | -156,800 | 115,800 | -93,100 | 42,200 | -43,200 | -- | -- | -- | -- |
| Asset Impairment Loss | 42.9M | 9.2M | 13.1M | 6.9M | 12.3M | 231,400 | 2.9M | 5.8M | -1.1M | 53,000 | 3.9M |
| Other Income | 3.7M | 17.7M | 19.5M | 36.4M | 32.0M | 15.8M | 21.7M | 9.1M | -- | -- | -- |
| Income Before Tax | -225.0M | -22.0M | -132.0M | 535.0M | 397.0M | 305.0M | 215.0M | 163.0M | 70.2M | 29.8M | 13.5M |
| Income Tax | -4.9M | -12.1M | -33.6M | 51.8M | 61.4M | 48.5M | 31.4M | 24.2M | 15.3M | 16.3M | 3.8M |
| Net Income | -220.0M | -9.9M | -98.0M | 484.0M | 335.0M | 256.0M | 184.0M | 139.0M | 54.9M | 13.5M | 9.7M |
| Net Margin % | -37.6% | -1.3% | -14.6% | 37.7% | 33.3% | 35.4% | 36.4% | 37.2% | 20.9% | 7.1% | 8.8% |
| Net Income Attributable | -218.0M | -10.1M | -98.0M | 483.0M | 336.0M | 256.0M | 184.0M | 139.0M | 54.9M | 13.5M | 9.7M |
| Minority Interest | -1.9M | 145,000 | -- | 529,400 | -960,900 | -31,000 | -- | -- | -- | -- | -- |
| Eps Basic | -1.07 | -0.05 | -0.48 | 2.39 | 1.75 | 1.86 | 2.06 | 1.89 | 1.07 | 0.39 | 0.48 |
| Eps Diluted | -1.07 | -0.05 | -0.48 | 2.39 | 1.75 | 1.86 | 2.06 | 1.89 | 1.07 | 0.39 | 0.48 |
| 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 | 290.0M | 585.0M | 382.0M | 320.0M | 332.0M | 245.0M | 241.0M | 204.0M | 136.0M | 113.0M | 7.3M |
| Trading Financial Assets | 272.0M | 247.0M | 593.0M | 592.0M | 170.0M | 393.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 584.0M | 816.0M | 778.0M | 757.0M | 333.0M | 175.0M | 132.0M | 93.6M | 34.3M | 62.8M | 64.5M |
| Notes Receivable | 53.0M | 14.9M | 21.3M | 30.0M | 112.0M | 86.1M | 29.1M | 50.5M | -- | 6.9M | -- |
| Notes And Accounts Receivable | 637.0M | 831.0M | 800.0M | 787.0M | 445.0M | 261.0M | 161.0M | 144.0M | 34.3M | 69.7M | 64.5M |
| Prepayments | 12.1M | 30.6M | 24.0M | 8.6M | 37.7M | 30.2M | 2.6M | 6.1M | 1.7M | 5.6M | 1.4M |
| Inventory | 159.0M | 198.0M | 180.0M | 177.0M | 185.0M | 211.0M | 87.2M | 65.3M | 18.2M | 34.8M | 210,700 |
| Total Current Assets | 1.7B | 2.2B | 2.3B | 2.4B | 1.5B | 1.3B | 1.0B | 425.0M | 226.0M | 226.0M | 107.0M |
| Long Term Equity Investment | 1.0M | 146.0M | 190.0M | 213.0M | 21.1M | 30.9M | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 545.0M | 371.0M | 46.2M | 42.4M | 39.9M | 15.5M | 14.6M | 5.8M | 3.0M | 1.9M |
| Fixed Assets Total | 511.0M | 545.0M | 371.0M | 46.2M | 42.4M | 39.9M | 15.5M | 14.6M | 5.8M | 3.0M | 1.9M |
| Construction In Progress | -- | 412.0M | 391.0M | 415.0M | 262.0M | 72.9M | 30.6M | 1.0M | 491,200 | 7.0M | -- |
| Construction In Progress Total | 561.0M | 412.0M | 391.0M | 415.0M | 262.0M | 72.9M | 30.6M | 1.0M | 491,200 | 7.0M | -- |
| Intangible Assets | 127.0M | 173.0M | 121.0M | 130.0M | 95.3M | 83.9M | 58.5M | 60.7M | 59.4M | 120,900 | -- |
| Long Term Deferred Expenses | 11.0M | 14.6M | 3.5M | 3.6M | 11.0M | 3.9M | 1.3M | 3.6M | 4.6M | -- | 1.3M |
| Total Non Current Assets | 1.6B | 1.7B | 1.4B | 969.0M | 483.0M | 258.0M | 115.0M | 85.4M | 74.0M | 11.2M | 4.1M |
| Total Assets | 3.4B | 3.9B | 3.7B | 3.4B | 2.0B | 1.6B | 1.1B | 511.0M | 300.0M | 237.0M | 111.0M |
| Short Term Borrowings | 344.0M | 591.0M | 550.0M | 175.0M | 50.1M | -- | -- | 61.0M | -- | -- | -- |
| Accounts Payable | 442.0M | 461.0M | 408.0M | 207.0M | 142.0M | 173.0M | 57.4M | 41.3M | 57.4M | 71.9M | 54.6M |
| Advance Receipts | -- | -- | -- | -- | -- | 33.7M | 17.6M | 32.9M | 1.7M | 38.2M | 4.2M |
| Contract Liabilities | 52.5M | 48.6M | 11.0M | 28.3M | 75.1M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.2B | 1.4B | 1.2B | 668.0M | 411.0M | 318.0M | 129.0M | 185.0M | 87.1M | 139.0M | 91.5M |
| Long Term Borrowings | -- | 26.6M | 72.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 29.9M | 86.5M | 133.0M | 53.7M | 37.6M | 34.3M | 19.9M | 15.7M | 11.7M | 1.3M | -- |
| Total Liabilities | 1.2B | 1.5B | 1.3B | 721.0M | 448.0M | 352.0M | 149.0M | 201.0M | 98.8M | 140.0M | 91.5M |
| Paid In Capital | 206.0M | 206.0M | 208.0M | 207.0M | 139.0M | 99.0M | 98.2M | 52.6M | 52.6M | 50.0M | 20.0M |
| Capital Reserve | 1.2B | 1.2B | 1.2B | 1.2B | 571.0M | 598.0M | 571.0M | 116.0M | 116.0M | 40.1M | -- |
| Surplus Reserve | 111.0M | 111.0M | 111.0M | 111.0M | 69.3M | 65.6M | 38.5M | 20.1M | 6.2M | 712,600 | -- |
| Retained Earnings | 797.0M | 1.0B | 1.0B | 1.2B | 769.0M | 465.0M | 277.0M | 121.0M | 25.8M | 6.4M | -418,100 |
| Minority Equity | 8.1M | 5.0M | -- | -- | 14.1M | -31,000 | -- | -- | -- | -- | -- |
| Equity Attributable | 2.2B | 2.4B | 2.4B | 2.7B | 1.5B | 1.2B | 985.0M | 310.0M | 201.0M | 97.2M | 19.6M |
| Total Equity | 2.2B | 2.4B | 2.4B | 2.7B | 1.5B | 1.2B | 985.0M | 310.0M | 201.0M | 97.2M | 19.6M |
| 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 | 827.0M | 872.0M | 834.0M | 751.0M | 798.0M | 604.0M | 552.0M | 372.0M | 294.0M | 249.0M | 60.7M |
| Tax Refunds Received | 745,700 | 17.2M | 19.1M | 36.2M | 31.7M | 15.8M | 21.7M | 9.1M | 243,300 | -- | -- |
| Total Operating Cash Inflow | 989.0M | 903.0M | 895.0M | 871.0M | 904.0M | 659.0M | 599.0M | 401.0M | 312.0M | 258.0M | 62.6M |
| Cash Paid For Goods | 422.0M | 535.0M | 373.0M | 414.0M | 446.0M | 352.0M | 240.0M | 208.0M | 113.0M | 122.0M | 36.0M |
| Cash Paid To Employees | 175.0M | 243.0M | 258.0M | 224.0M | 181.0M | 122.0M | 69.0M | 47.5M | 28.7M | 16.5M | 2.9M |
| Taxes Paid | 41.8M | 28.7M | 71.6M | 155.0M | 137.0M | 89.0M | 75.7M | 78.7M | 47.9M | 23.8M | 2.6M |
| Total Operating Cash Outflow | 985.0M | 877.0M | 776.0M | 881.0M | 837.0M | 651.0M | 445.0M | 376.0M | 224.0M | 197.0M | 55.3M |
| Operating Cash Flow | 3.6M | 25.4M | 119.0M | -10.7M | 66.9M | 7.8M | 154.0M | 24.7M | 87.9M | 61.6M | 7.4M |
| Total Investing Cash Inflow | 1.1B | 2.0B | 2.3B | 2.1B | 1.2B | 1.6B | 397.0M | 31.2M | 17.1M | 19.5M | -- |
| Total Investing Cash Outflow | 963.0M | 2.0B | 2.7B | 2.8B | 1.3B | 1.6B | 946.0M | 19.0M | 105.0M | 7.2M | 1.6M |
| Investing Cash Flow | 148.0M | -5.6M | -351.0M | -770.0M | -18.9M | 20.3M | -549.0M | 12.2M | -88.3M | 12.3M | -1.6M |
| Cash From Borrowings | 608.0M | 804.0M | 657.0M | 233.0M | 159.0M | -- | -- | 61.0M | -- | 21.0M | -- |
| Dividends And Interest Paid | 13.8M | 20.1M | 44.3M | 56.3M | 26.4M | 45.4M | 11.5M | 26.9M | 30.0M | 270,200 | -- |
| Debt Repayments | 935.0M | 658.0M | 213.0M | 101.0M | 110.0M | -- | 61.0M | 0.00 | -- | 21.0M | -- |
| Total Financing Cash Inflow | 613.0M | 809.0M | 698.0M | 950.0M | 174.0M | 20.1M | 520.0M | 61.0M | 50.0M | 51.0M | -- |
| Total Financing Cash Outflow | 951.0M | 744.0M | 404.0M | 187.0M | 138.0M | 45.4M | 82.6M | 29.5M | 30.0M | 21.3M | -- |
| Financing Cash Flow | -339.0M | 64.9M | 294.0M | 763.0M | 35.9M | -25.3M | 437.0M | 31.5M | 20.0M | 29.7M | -- |
| Net Change In Cash | -186.0M | 84.5M | 61.9M | -17.4M | 83.3M | 3.0M | 41.7M | 68.4M | 19.6M | 104.0M | 5.8M |
| Ending Cash Balance | 269.0M | 456.0M | 371.0M | 309.0M | 327.0M | 244.0M | 241.0M | 199.0M | 130.0M | 111.0M | 7.3M |
| Capex | 36.6M | 320.0M | 270.0M | 207.0M | 255.0M | 90.6M | 31.9M | 19.0M | 70.4M | 7.2M | 1.6M |