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 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 458.0M | 545.0M | 678.0M | 873.0M | 873.0M | 936.0M | 878.0M | 1.1B | 774.0M | 620.0M | 381.0M | 229.0M | 102.0M |
| Revenue Growth % | -16.0% | -19.6% | -22.3% | 0.0% | -6.7% | 6.6% | -16.8% | 36.3% | 24.8% | 62.7% | 66.4% | 124.5% | -- |
| Total Revenue | 458.0M | 545.0M | 678.0M | 873.0M | 873.0M | 936.0M | 878.0M | 1.1B | 774.0M | 620.0M | 381.0M | 229.0M | 102.0M |
| Cost Of Revenue | 418.0M | 481.0M | 588.0M | 681.0M | 644.0M | 668.0M | 618.0M | 755.0M | 534.0M | 427.0M | 233.0M | 142.0M | 64.7M |
| Gross Profit | 40.0M | 64.0M | 90.0M | 192.0M | 229.0M | 268.0M | 260.0M | 300.0M | 240.0M | 193.0M | 148.0M | 87.0M | 37.3M |
| Gross Margin % | 8.7% | 11.7% | 13.3% | 22.0% | 26.2% | 28.6% | 29.6% | 28.4% | 31.0% | 31.1% | 38.8% | 38.0% | 36.5% |
| Total Operating Cost | 609.0M | 719.0M | 829.0M | 843.0M | 730.0M | 802.0M | 743.0M | 903.0M | 625.0M | 503.0M | 290.0M | 181.0M | 83.6M |
| Selling Expenses | 9.0M | 7.8M | 9.2M | 11.1M | 9.5M | 16.4M | 15.2M | 25.0M | 23.4M | 15.3M | 12.8M | 11.1M | 6.6M |
| Admin Expenses | 43.4M | 34.7M | 27.7M | 32.7M | 31.4M | 31.4M | 29.9M | 38.5M | 42.2M | 28.7M | 23.6M | 15.9M | 6.7M |
| Rd Expenses | 35.3M | 35.0M | 43.1M | 41.0M | 38.3M | 43.7M | 44.6M | 41.1M | -- | -- | -- | -- | -- |
| Finance Expenses | 39.3M | 41.2M | 28.8M | 41.9M | 7.7M | 10.8M | -585,000 | 6.4M | 5.4M | 3.2M | 4.9M | 1.5M | 96,600 |
| Operating Income | -55.9M | -119.0M | -59.5M | 60.7M | 388.0M | 658.0M | 157.0M | 680.0M | 149.0M | 117.0M | 90.7M | 47.9M | 18.5M |
| Operating Margin % | -12.2% | -21.8% | -8.8% | 7.0% | 44.4% | 70.3% | 17.9% | 64.5% | 19.3% | 18.9% | 23.8% | 20.9% | 18.2% |
| Non Operating Income | 450,900 | 170,900 | 269,800 | 33,500 | 96,500 | 56,900 | 585,500 | 4.7M | 6.0M | 8.5M | 580,300 | 947,700 | 204,000 |
| Non Operating Expenses | 1.7M | 3.5M | 11.1M | 12.5M | 2.2M | 965,200 | 260,300 | 1.1M | 326,500 | 496,000 | 283,500 | 111,900 | 14,900 |
| Investment Income | 16.1M | 15.2M | 5.4M | 7.1M | -3.6M | 4.3M | 6.3M | 519.0M | -- | -- | 72,300 | -- | -- |
| Fair Value Change Income | 69.6M | 33.2M | 61.0M | 3.6M | 235.0M | 509.0M | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 674,400 | -807,600 | 10.2M | -1.2M | 61,100 | 900.00 | 193,000 | 34,100 | -23,400 | -- | -- | -- | -- |
| Asset Impairment Loss | 7.7M | 9.1M | 3.5M | 2.7M | 3.3M | -- | 30.7M | 30.1M | 13.0M | 13.1M | 3.2M | 3.2M | 2.3M |
| Other Income | 9.4M | 7.0M | 15.5M | 21.1M | 14.8M | 10.9M | 15.2M | 10.4M | -- | -- | -- | -- | -- |
| Income Before Tax | -57.2M | -123.0M | -70.3M | 48.3M | 386.0M | 657.0M | 157.0M | 684.0M | 155.0M | 125.0M | 91.0M | 48.7M | 18.7M |
| Income Tax | 8.8M | 8.7M | -871,400 | 5.1M | -108.0M | 157.0M | 34.6M | 167.0M | 38.0M | 31.6M | 22.7M | 12.3M | 4.7M |
| Net Income | -65.9M | -131.0M | -69.4M | 43.2M | 494.0M | 500.0M | 123.0M | 516.0M | 117.0M | 93.4M | 68.3M | 36.4M | 14.0M |
| Net Margin % | -14.4% | -24.0% | -10.2% | 4.9% | 56.6% | 53.4% | 14.0% | 48.9% | 15.1% | 15.1% | 17.9% | 15.9% | 13.7% |
| Net Income Attributable | -68.3M | -127.0M | -67.5M | 43.8M | 495.0M | 501.0M | 123.0M | 516.0M | 116.0M | 93.4M | 68.3M | 36.4M | 14.0M |
| Minority Interest | 2.4M | -4.6M | -1.9M | -634,800 | -679,100 | -778,400 | -355,400 | -11,000 | 175,800 | 29,000 | 4,200 | 400.00 | 18,300 |
| Eps Basic | -0.29 | -0.55 | -0.29 | 0.20 | 2.21 | 2.69 | 0.66 | 3.84 | 1.62 | 1.30 | 1.11 | 0.61 | 0.23 |
| Eps Diluted | -0.29 | -0.55 | -0.29 | 0.20 | 2.18 | 2.69 | -- | -- | -- | -- | -- | -- | -- |
| 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 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 524.0M | 447.0M | 753.0M | 977.0M | 1.2B | 507.0M | 686.0M | 475.0M | 169.0M | 145.0M | 137.0M | 27.1M | 7.2M |
| Trading Financial Assets | 2.4B | 2.6B | 2.3B | 2.0B | 2.0B | 1.8B | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 398.0M | 531.0M | 692.0M | 738.0M | 680.0M | 653.0M | 591.0M | 531.0M | 318.0M | 208.0M | 119.0M | 98.5M | 38.5M |
| Notes Receivable | 7.9M | 5.0M | 2.7M | 300,000 | 6.0M | -- | 750,000 | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 406.0M | 536.0M | 695.0M | 738.0M | 686.0M | 653.0M | 592.0M | 531.0M | 318.0M | 208.0M | 119.0M | 98.5M | 38.5M |
| Prepayments | 8.0M | 7.5M | 21.2M | 18.9M | 12.2M | 13.1M | 30.1M | 8.4M | 7.6M | 6.5M | 8.4M | 2.4M | 1.9M |
| Inventory | 112.0M | 89.8M | 82.8M | 95.3M | 64.2M | 55.4M | 62.7M | 88.0M | 133.0M | 54.4M | 57.5M | 21.5M | 19.7M |
| Total Current Assets | 3.5B | 3.8B | 4.0B | 4.0B | 4.1B | 3.2B | 1.5B | 1.4B | 695.0M | 457.0M | 350.0M | 173.0M | 80.4M |
| Long Term Equity Investment | 115.0M | 76.9M | 31.6M | 24.4M | 21.0M | 8.7M | 7.7M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 441.0M | 510.0M | 535.0M | 476.0M | 399.0M | 151.0M | 17.4M | 19.1M | 8.9M | 8.1M | 7.5M | 2.6M |
| Fixed Assets Total | 380.0M | 441.0M | 510.0M | 535.0M | 476.0M | 399.0M | 151.0M | 17.4M | 19.1M | 8.9M | 8.1M | 7.5M | 2.6M |
| Construction In Progress | -- | 2.1M | 20.5M | 49.0M | 81.5M | 33.7M | 56.8M | 83.1M | 101.0M | 49.5M | 61.3M | 92.3M | 11.3M |
| Construction In Progress Total | 5.0M | 2.1M | 20.5M | 49.0M | 81.5M | 33.7M | 56.8M | 83.1M | 101.0M | 49.5M | 61.3M | 92.3M | 11.3M |
| Intangible Assets | 60.1M | 62.4M | 51.5M | 52.0M | 53.3M | 54.8M | 4.7M | 5.3M | 3.5M | 3.5M | 3.6M | 3.4M | 160,000 |
| Long Term Deferred Expenses | 25.2M | 27.2M | 42.1M | 94.6M | 159.0M | 269.0M | 343.0M | 459.0M | 466.0M | 432.0M | 331.0M | 107.0M | 59.9M |
| Total Non Current Assets | 873.0M | 790.0M | 712.0M | 830.0M | 833.0M | 808.0M | 1.1B | 1.1B | 609.0M | 507.0M | 410.0M | 214.0M | 75.9M |
| Total Assets | 4.4B | 4.6B | 4.7B | 4.8B | 4.9B | 4.0B | 2.6B | 2.5B | 1.3B | 964.0M | 759.0M | 387.0M | 156.0M |
| Short Term Borrowings | -- | 10,000 | -- | -- | -- | 110.0M | 200.0M | 20.0M | 70.0M | 70.0M | 55.0M | 38.0M | 10.0M |
| Accounts Payable | 81.8M | 97.8M | 118.0M | 139.0M | 147.0M | 169.0M | 180.0M | 256.0M | 261.0M | 223.0M | 162.0M | 118.0M | 49.9M |
| Advance Receipts | -- | -- | -- | -- | -- | 58.7M | 49.9M | 76.9M | 109.0M | 62.7M | 78.1M | 33.0M | 15.5M |
| Contract Liabilities | 30.1M | 38.5M | 39.6M | 48.8M | 47.3M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 390.0M | 407.0M | 448.0M | 537.0M | 582.0M | 696.0M | 756.0M | 692.0M | 655.0M | 524.0M | 416.0M | 263.0M | 110.0M |
| Long Term Borrowings | -- | -- | -- | -- | -- | 98.0M | -- | 39.5M | 100.0M | -- | -- | -- | -- |
| Total Non Current Liabilities | 856.0M | 974.0M | 894.0M | 880.0M | 951.0M | 561.0M | 140.0M | 181.0M | 109.0M | 7.1M | 4.5M | 3.1M | 1.1M |
| Total Liabilities | 1.2B | 1.4B | 1.3B | 1.4B | 1.5B | 1.3B | 896.0M | 873.0M | 763.0M | 531.0M | 420.0M | 266.0M | 111.0M |
| Paid In Capital | 239.0M | 232.0M | 233.0M | 233.0M | 188.0M | 188.0M | 134.0M | 96.0M | 72.0M | 72.0M | 72.0M | 60.0M | 6.1M |
| Capital Reserve | 839.0M | 726.0M | 730.0M | 754.0M | 640.0M | 640.0M | 706.0M | 742.0M | 182.0M | 182.0M | 182.0M | 43.9M | 19.4M |
| Surplus Reserve | 119.0M | 119.0M | 119.0M | 119.0M | 119.0M | 119.0M | 60.1M | 48.0M | 27.1M | 16.7M | 8.3M | 1.6M | 2.2M |
| Retained Earnings | 1.8B | 1.9B | 2.1B | 2.2B | 2.2B | 1.8B | 796.0M | 755.0M | 259.0M | 162.0M | 76.8M | 15.2M | 17.7M |
| Minority Equity | 26.8M | 23.9M | 23.1M | -35,700 | 3.0M | 4.2M | 5.0M | 577,900 | 588,800 | 413,000 | 384,000 | 379,700 | 379,300 |
| Equity Attributable | 3.1B | 3.2B | 3.3B | 3.4B | 3.4B | 2.7B | 1.7B | 1.6B | 540.0M | 432.0M | 339.0M | 121.0M | 45.4M |
| Total Equity | 3.2B | 3.2B | 3.3B | 3.4B | 3.4B | 2.7B | 1.7B | 1.6B | 541.0M | 433.0M | 339.0M | 121.0M | 45.8M |
| 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 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 591.0M | 670.0M | 620.0M | 730.0M | 794.0M | 916.0M | 822.0M | 912.0M | 749.0M | 542.0M | 436.0M | 209.0M | 86.0M |
| Tax Refunds Received | 229,700 | 893,700 | 13.6M | 4.6M | 10.3M | 7.7M | 13.9M | 6.8M | 784,400 | -- | 59,900 | -- | 1,700 |
| Total Operating Cash Inflow | 700.0M | 877.0M | 888.0M | 998.0M | 1.1B | 1.3B | 969.0M | 1.7B | 908.0M | 679.0M | 542.0M | 295.0M | 129.0M |
| Cash Paid For Goods | 203.0M | 174.0M | 189.0M | 236.0M | 140.0M | 184.0M | 208.0M | 237.0M | 256.0M | 146.0M | 103.0M | 59.5M | 33.7M |
| Cash Paid To Employees | 197.0M | 233.0M | 290.0M | 260.0M | 243.0M | 261.0M | 255.0M | 237.0M | 186.0M | 137.0M | 81.1M | 37.5M | 14.6M |
| Taxes Paid | 46.0M | 51.4M | 39.9M | 64.6M | 61.1M | 60.8M | 103.0M | 125.0M | 79.9M | 58.7M | 62.0M | 16.1M | 8.0M |
| Total Operating Cash Outflow | 562.0M | 659.0M | 759.0M | 841.0M | 775.0M | 928.0M | 672.0M | 1.3B | 704.0M | 469.0M | 335.0M | 183.0M | 113.0M |
| Operating Cash Flow | 137.0M | 218.0M | 129.0M | 157.0M | 352.0M | 392.0M | 297.0M | 342.0M | 204.0M | 209.0M | 208.0M | 112.0M | 15.3M |
| Total Investing Cash Inflow | 841.0M | 1.3B | 347.0M | 292.0M | 393.0M | 551.0M | 715.0M | -605.0M | 2.7M | -- | 10.1M | -- | -- |
| Total Investing Cash Outflow | 640.0M | 1.7B | 885.0M | 481.0M | 697.0M | 1.0B | 831.0M | 572.0M | 271.0M | 207.0M | 272.0M | 157.0M | 54.4M |
| Investing Cash Flow | 201.0M | -425.0M | -538.0M | -189.0M | -304.0M | -495.0M | -116.0M | -1.2B | -269.0M | -207.0M | -262.0M | -157.0M | -54.4M |
| Cash From Borrowings | 90.1M | 180.0M | 50.0M | -- | 970.0M | 310.0M | 200.0M | 60.0M | 200.0M | 127.0M | 123.0M | 53.0M | 10.0M |
| Dividends And Interest Paid | 92.4M | 40.6M | 28.6M | 123.0M | 43.1M | 47.9M | 92.0M | 8.3M | 13.6M | 3.7M | 5.1M | 1.5M | 77,600 |
| Debt Repayments | 90.1M | 180.0M | 50.0M | 50.0M | 260.0M | 336.0M | 80.0M | 114.0M | 100.0M | 112.0M | 106.0M | 25.0M | -- |
| Total Financing Cash Inflow | 90.6M | 180.0M | 75.0M | 10.0M | 976.0M | 310.0M | 205.0M | 1.3B | 200.0M | 127.0M | 273.0M | 91.0M | 37.5M |
| Total Financing Cash Outflow | 200.0M | 230.0M | 88.8M | 229.0M | 307.0M | 385.0M | 203.0M | 132.0M | 114.0M | 115.0M | 111.0M | 26.5M | 77,600 |
| Financing Cash Flow | -109.0M | -50.1M | -13.8M | -219.0M | 670.0M | -74.6M | 2.1M | 1.1B | 86.4M | 11.3M | 162.0M | 64.5M | 37.4M |
| Net Change In Cash | 230.0M | -252.0M | -422.0M | -250.0M | 717.0M | -177.0M | 183.0M | 303.0M | 21.3M | 13.7M | 107.0M | 19.9M | -1.6M |
| Ending Cash Balance | 508.0M | 279.0M | 531.0M | 952.0M | 1.2B | 485.0M | 662.0M | 469.0M | 165.0M | 144.0M | 130.0M | 22.9M | 3.0M |
| Capex | 106.0M | 56.3M | 175.0M | 177.0M | 334.0M | 438.0M | 284.0M | 421.0M | 269.0M | 207.0M | 272.0M | 144.0M | 50.9M |