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 | 2.6B | 1.6B | 1.5B | 1.4B | 986.0M | 1.0B | 1.1B | 1.0B | 794.0M | 701.0M | 741.0M | 706.0M | 645.0M |
| Revenue Growth % | 62.3% | 3.6% | 10.8% | 39.6% | -4.6% | -6.0% | 9.0% | 27.1% | 13.3% | -5.4% | 5.0% | 9.5% | -- |
| Total Revenue | 2.6B | 1.6B | 1.5B | 1.4B | 986.0M | 1.0B | 1.1B | 1.0B | 794.0M | 701.0M | 741.0M | 706.0M | 645.0M |
| Cost Of Revenue | 2.5B | 1.5B | 1.4B | 1.2B | 839.0M | 818.0M | 874.0M | 792.0M | 601.0M | 537.0M | 562.0M | 544.0M | 509.0M |
| Gross Profit | 75.0M | 74.0M | 153.0M | 154.0M | 147.0M | 216.0M | 226.0M | 217.0M | 193.0M | 164.0M | 179.0M | 162.0M | 136.0M |
| Gross Margin % | 2.9% | 4.7% | 10.0% | 11.2% | 14.9% | 20.9% | 20.5% | 21.5% | 24.3% | 23.4% | 24.2% | 22.9% | 21.1% |
| Total Operating Cost | 2.9B | 1.7B | 1.6B | 1.4B | 962.0M | 942.0M | 987.0M | 897.0M | 673.0M | 607.0M | 628.0M | 613.0M | 571.0M |
| Selling Expenses | 7.6M | 4.6M | 558,100 | 5.9M | 3.6M | 25.9M | 28.3M | 23.8M | 20.0M | 18.3M | 17.3M | 16.4M | 13.3M |
| Admin Expenses | 43.6M | 37.7M | 42.3M | 39.2M | 34.5M | 36.9M | 26.1M | 26.2M | 39.3M | 40.3M | 34.5M | 36.6M | 34.5M |
| Rd Expenses | 98.8M | 67.2M | 68.3M | 57.3M | 45.7M | 48.4M | 48.3M | 35.8M | -- | -- | -- | -- | -- |
| Finance Expenses | 68.3M | 62.1M | 41.9M | 39.2M | 26.7M | 5.4M | 2.2M | 6.4M | 5.6M | 6.9M | 8.9M | 9.8M | 11.5M |
| Operating Income | -278.0M | -124.0M | -54.2M | 31.5M | 40.9M | 109.0M | 144.0M | 121.0M | 129.0M | 94.2M | 113.0M | 93.6M | 74.4M |
| Operating Margin % | -10.8% | -7.9% | -3.6% | 2.3% | 4.2% | 10.5% | 13.1% | 12.0% | 16.2% | 13.4% | 15.2% | 13.3% | 11.5% |
| Non Operating Income | 1.1M | 56,300 | 183,900 | 356,500 | 150,200 | 91,700 | 96,400 | 350,800 | 24.9M | 5.9M | 5.5M | 5.4M | 8.4M |
| Non Operating Expenses | 4.1M | 6.6M | 2.2M | 3.2M | 13.5M | 193,400 | 203,300 | 752,800 | 24,200 | 3.3M | 5,300 | 406,300 | 25,000 |
| Investment Income | 4.6M | 476,100 | 12.9M | 24.8M | -260,100 | -1.2M | -- | -- | -- | -- | -- | -- | 388,200 |
| Fair Value Change Income | 9,600 | 16,300 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -578,800 | -- | -- | 41,000 | -25,800 | 12,500 | -1,700 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 128.0M | 24.6M | 64.2M | 461,500 | 378,400 | -- | 2.6M | 7.1M | 3.2M | 53,900 | 1.6M | 2.6M | -542,700 |
| Other Income | 26.7M | 8.4M | 12.9M | 9.5M | 16.9M | 17.9M | 32.0M | 8.4M | 8.4M | -- | -- | -- | -- |
| Income Before Tax | -281.0M | -131.0M | -56.2M | 28.7M | 27.6M | 109.0M | 144.0M | 120.0M | 154.0M | 96.9M | 118.0M | 98.6M | 82.7M |
| Income Tax | 11.4M | 10.8M | -8.1M | -74,600 | -538,100 | 14.3M | 19.3M | 15.8M | 21.2M | 14.6M | 17.7M | 14.6M | 12.4M |
| Net Income | -292.0M | -142.0M | -48.1M | 28.8M | 28.1M | 94.3M | 125.0M | 105.0M | 133.0M | 82.2M | 101.0M | 84.0M | 70.3M |
| Net Margin % | -11.4% | -9.0% | -3.2% | 2.1% | 2.9% | 9.1% | 11.4% | 10.4% | 16.8% | 11.7% | 13.6% | 11.9% | 10.9% |
| Net Income Attributable | -291.0M | -141.0M | -48.1M | 28.8M | 28.1M | 94.3M | 125.0M | 105.0M | 133.0M | 82.2M | 101.0M | 84.0M | 70.3M |
| Minority Interest | -709,200 | -231,400 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -1.70 | -1.08 | -0.29 | 0.18 | 0.18 | 0.59 | 0.78 | 0.78 | 2.21 | 1.37 | 1.68 | 1.40 | 1.17 |
| Eps Diluted | -1.70 | -1.08 | -0.29 | 0.18 | 0.18 | 0.59 | 0.78 | 0.78 | 2.21 | 1.37 | 1.68 | 1.40 | 1.17 |
| 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 | 261.0M | 349.0M | 366.0M | 165.0M | 603.0M | 162.0M | 308.0M | 368.0M | 69.0M | 35.4M | 23.6M | 29.0M | 23.4M |
| Trading Financial Assets | -- | 100,700 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 580.0M | 432.0M | 484.0M | 361.0M | 319.0M | 261.0M | 271.0M | 239.0M | 206.0M | 139.0M | 154.0M | 157.0M | 121.0M |
| Notes Receivable | 515.0M | 370.0M | 360.0M | 454.0M | 374.0M | 256.0M | 244.0M | 280.0M | 120.0M | 73.9M | 64.9M | 61.4M | 27.2M |
| Notes And Accounts Receivable | 1.1B | 802.0M | 844.0M | 815.0M | 692.0M | 517.0M | 515.0M | 519.0M | 326.0M | 213.0M | 219.0M | 218.0M | 148.0M |
| Prepayments | 48.5M | 20.9M | 7.4M | 21.9M | 9.5M | 11.3M | 2.3M | 1.2M | 2.9M | 1.3M | 2.1M | 2.1M | 1.2M |
| Inventory | 390.0M | 219.0M | 231.0M | 179.0M | 134.0M | 151.0M | 92.1M | 86.3M | 56.7M | 50.8M | 48.7M | 42.4M | 44.9M |
| Total Current Assets | 2.1B | 1.6B | 1.6B | 1.4B | 1.5B | 889.0M | 952.0M | 983.0M | 460.0M | 316.0M | 297.0M | 293.0M | 220.0M |
| Long Term Equity Investment | 32.8M | 42.4M | 43.9M | 37.1M | 25.8M | 28.8M | 25.7M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 1.2B | 1.1B | 980.0M | 941.0M | 837.0M | 589.0M | 419.0M | 365.0M | 254.0M | 108.0M | 113.0M | 106.0M |
| Fixed Assets Total | 1.4B | 1.2B | 1.1B | 980.0M | 941.0M | 837.0M | 589.0M | 419.0M | 365.0M | 254.0M | 108.0M | 113.0M | 106.0M |
| Construction In Progress | -- | 491.0M | 223.0M | 105.0M | 145.0M | 210.0M | 142.0M | 111.0M | 49.0M | 91.3M | 144.0M | 60.2M | 23.8M |
| Construction In Progress Total | 319.0M | 492.0M | 223.0M | 105.0M | 145.0M | 210.0M | 148.0M | 111.0M | 49.0M | 91.3M | 144.0M | 60.2M | 23.8M |
| Intangible Assets | 90.1M | 124.0M | 111.0M | 105.0M | 133.0M | 138.0M | 116.0M | 59.1M | 50.5M | 52.6M | 45.8M | 41.8M | 46.3M |
| Long Term Deferred Expenses | 771,100 | 2.2M | 4.5M | 7.6M | 9.1M | 7.0M | 4.6M | 3.5M | 1.3M | 183,600 | 1.8M | 3.8M | 5.3M |
| Total Non Current Assets | 1.8B | 1.9B | 1.6B | 1.3B | 1.3B | 1.2B | 969.0M | 618.0M | 472.0M | 404.0M | 305.0M | 222.0M | 188.0M |
| Total Assets | 3.9B | 3.6B | 3.2B | 2.7B | 2.7B | 2.1B | 1.9B | 1.6B | 932.0M | 720.0M | 602.0M | 516.0M | 408.0M |
| Short Term Borrowings | 784.0M | 573.0M | 330.0M | 150.0M | 240.0M | 180.0M | 110.0M | 150.0M | 40.0M | 55.0M | 65.0M | 58.0M | 50.0M |
| Accounts Payable | 144.0M | 162.0M | 124.0M | 33.8M | 41.1M | 59.0M | 65.1M | 20.2M | 17.9M | 15.7M | 7.8M | 17.1M | 13.6M |
| Advance Receipts | -- | -- | -- | -- | -- | 2.0M | 4.3M | 466,500 | 134,400 | 216,300 | 2.0M | 1.3M | 507,000 |
| Contract Liabilities | 4.6M | 6.6M | 1.6M | 14.0M | 1.9M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.7B | 1.1B | 800.0M | 477.0M | 430.0M | 578.0M | 466.0M | 235.0M | 238.0M | 160.0M | 145.0M | 130.0M | 108.0M |
| Long Term Borrowings | 404.0M | 471.0M | 240.0M | 68.0M | 169.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 510.0M | 919.0M | 657.0M | 461.0M | 647.0M | 40.9M | 43.7M | 46.4M | 31.3M | 30.1M | 9.2M | 8.2M | 5.2M |
| Total Liabilities | 2.2B | 2.0B | 1.5B | 938.0M | 1.1B | 619.0M | 509.0M | 282.0M | 269.0M | 190.0M | 155.0M | 138.0M | 114.0M |
| Paid In Capital | 211.0M | 166.0M | 166.0M | 166.0M | 160.0M | 160.0M | 160.0M | 80.0M | 60.0M | 60.0M | 60.0M | 60.0M | 60.0M |
| Capital Reserve | 1.2B | 722.0M | 722.0M | 728.0M | 581.0M | 581.0M | 581.0M | 661.0M | 129.0M | 129.0M | 129.0M | 129.0M | 129.0M |
| Surplus Reserve | 63.2M | 63.2M | 63.2M | 63.2M | 63.1M | 56.4M | 50.7M | 38.7M | 32.1M | 32.1M | 24.4M | 15.9M | 8.7M |
| Retained Earnings | 268.0M | 559.0M | 700.0M | 748.0M | 720.0M | 708.0M | 620.0M | 538.0M | 441.0M | 308.0M | 233.0M | 173.0M | 96.2M |
| Minority Equity | -211,400 | 4.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.7B | 1.6B | 1.7B | 1.8B | 1.7B | 1.5B | 1.4B | 1.3B | 663.0M | 530.0M | 447.0M | 378.0M | 294.0M |
| Total Equity | 1.7B | 1.6B | 1.7B | 1.8B | 1.7B | 1.5B | 1.4B | 1.3B | 663.0M | 530.0M | 447.0M | 378.0M | 294.0M |
| 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 | 1.8B | 966.0M | 791.0M | 1.1B | 709.0M | 681.0M | 837.0M | 598.0M | 502.0M | 424.0M | 478.0M | 500.0M | 476.0M |
| Tax Refunds Received | -- | -- | 42.5M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 1.9B | 993.0M | 852.0M | 1.1B | 724.0M | 716.0M | 874.0M | 624.0M | 538.0M | 452.0M | 489.0M | 509.0M | 498.0M |
| Cash Paid For Goods | 2.0B | 1.0B | 880.0M | 1.2B | 889.0M | 572.0M | 544.0M | 731.0M | 329.0M | 248.0M | 264.0M | 334.0M | 272.0M |
| Cash Paid To Employees | 89.7M | 74.1M | 68.4M | 54.3M | 53.9M | 56.4M | 46.1M | 36.6M | 30.0M | 27.3M | 26.9M | 26.5M | 19.5M |
| Taxes Paid | 17.4M | 31.1M | 23.7M | 35.3M | 29.2M | 44.3M | 51.0M | 52.9M | 48.1M | 51.5M | 51.9M | 43.6M | 39.7M |
| Total Operating Cash Outflow | 2.1B | 1.2B | 998.0M | 1.3B | 1.0B | 782.0M | 742.0M | 878.0M | 453.0M | 367.0M | 380.0M | 451.0M | 365.0M |
| Operating Cash Flow | -247.0M | -206.0M | -146.0M | -209.0M | -293.0M | -65.4M | 133.0M | -254.0M | 84.7M | 84.9M | 109.0M | 58.0M | 133.0M |
| Total Investing Cash Inflow | 132.0M | 10.7M | 10.2M | -- | 74.4M | 27,500 | 16,000 | -- | 9.6M | 2.9M | 3.2M | 51,200 | 3.6M |
| Total Investing Cash Outflow | 238.0M | 273.0M | 64.8M | 53.9M | 72.5M | 156.0M | 143.0M | 80.9M | 45.7M | 57.8M | 103.0M | 55.5M | 57.1M |
| Investing Cash Flow | -105.0M | -262.0M | -54.6M | -53.9M | 1.9M | -156.0M | -143.0M | -80.9M | -36.2M | -54.9M | -99.3M | -55.5M | -53.5M |
| Cash From Borrowings | 1.2B | 1.1B | 662.0M | 232.0M | 408.0M | 160.0M | 110.0M | 150.0M | 40.0M | 55.0M | 68.0M | 76.0M | 96.0M |
| Dividends And Interest Paid | 59.0M | 42.9M | 22.6M | 12.7M | 37.6M | 6.0M | 23.8M | 16.6M | 12.8M | 7.8M | 19.0M | 11.7M | 10.6M |
| Debt Repayments | 1.1B | 588.0M | 292.0M | 349.0M | 181.0M | 110.0M | 150.0M | 40.0M | 55.0M | 65.0M | 61.0M | 68.0M | 171.0M |
| Total Financing Cash Inflow | 1.7B | 1.3B | 662.0M | 482.0M | 1.0B | 160.0M | 110.0M | 707.0M | 40.0M | 55.0M | 69.4M | 76.0M | 96.0M |
| Total Financing Cash Outflow | 1.5B | 844.0M | 315.0M | 644.0M | 264.0M | 116.0M | 175.0M | 61.8M | 67.8M | 72.8M | 80.0M | 80.8M | 182.0M |
| Financing Cash Flow | 237.0M | 477.0M | 347.0M | -162.0M | 769.0M | 44.0M | -65.4M | 646.0M | -27.8M | -17.8M | -10.6M | -4.8M | -86.4M |
| Net Change In Cash | -115.0M | 8.4M | 146.0M | -425.0M | 478.0M | -178.0M | -76.1M | 310.0M | 20.6M | 12.2M | -820,400 | -2.3M | -6.5M |
| Ending Cash Balance | 200.0M | 316.0M | 307.0M | 161.0M | 586.0M | 108.0M | 285.0M | 361.0M | 51.2M | 30.6M | 18.3M | 19.2M | 21.4M |
| Capex | 207.0M | 272.0M | 64.8M | 53.8M | 42.2M | 131.0M | 138.0M | 80.9M | 45.4M | 47.1M | 99.7M | 55.5M | 57.1M |