Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.8B | 5.6B | 3.9B | 2.9B | 1.6B | 1.0B | 757.0M | 550.0M | 254.0M |
| Revenue Growth % | 20.8% | 44.5% | 35.3% | 77.2% | 61.0% | 33.0% | 37.6% | 116.5% | -- |
| Total Revenue | 6.8B | 5.6B | 3.9B | 2.9B | 1.6B | 1.0B | 757.0M | 550.0M | 254.0M |
| Cost Of Revenue | 3.5B | 2.9B | 1.9B | 1.5B | 931.0M | 566.0M | 415.0M | 307.0M | 140.0M |
| Gross Profit | 3.3B | 2.7B | 2.0B | 1.4B | 690.0M | 441.0M | 342.0M | 243.0M | 114.0M |
| Gross Margin % | 48.3% | 48.9% | 50.7% | 48.9% | 42.6% | 43.8% | 45.2% | 44.2% | 44.9% |
| Total Operating Cost | 5.6B | 4.4B | 3.0B | 2.2B | 1.5B | 899.0M | 630.0M | 467.0M | 256.0M |
| Selling Expenses | 551.0M | 422.0M | 277.0M | 259.0M | 159.0M | 106.0M | 84.8M | 60.0M | 43.5M |
| Admin Expenses | 257.0M | 300.0M | 200.0M | 106.0M | 64.1M | 50.3M | 30.3M | 20.4M | 13.9M |
| Rd Expenses | 1.0B | 729.0M | 615.0M | 380.0M | 278.0M | 141.0M | 99.3M | 79.4M | 52.2M |
| Finance Expenses | 32.4M | -26.8M | -25.5M | -80.3M | 8.4M | 32.4M | -3.6M | -2.5M | 2.4M |
| Operating Income | 1.5B | 1.3B | 964.0M | 717.0M | 268.0M | 223.0M | 155.0M | 104.0M | 13.8M |
| Operating Margin % | 21.4% | 23.1% | 24.8% | 25.0% | 16.5% | 22.1% | 20.5% | 18.9% | 5.4% |
| Non Operating Income | 3.4M | 1.2M | 97,600 | 297,300 | 846,600 | 537,300 | 33,600 | 54,400 | 217,900 |
| Non Operating Expenses | 1.6M | 441,700 | 187,200 | 357,400 | 59,400 | 223,500 | 2.0M | 1.1M | 713,500 |
| Investment Income | 41.1M | 32.4M | 92.3M | 25.5M | 19.0M | 1.3M | 1.2M | -10,200 | -- |
| Fair Value Change Income | 143.0M | 24.0M | 8.2M | -30.2M | 3.9M | 86.7M | -- | -- | -- |
| Asset Disposal Income | -464,100 | 2,100 | 1,400 | 14,800 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 108.0M | 22.7M | 4.9M | 16.7M | 312,000 | 3.5M | 788,800 | 2.4M | 3.0M |
| Other Income | 63.8M | 19.2M | 15.5M | 21.8M | 77.0M | 25.9M | 26.7M | 20.9M | 16.0M |
| Income Before Tax | 1.5B | 1.3B | 964.0M | 717.0M | 269.0M | 223.0M | 153.0M | 103.0M | 13.3M |
| Income Tax | 61.2M | 147.0M | 53.3M | 48.2M | 2.5M | 26.3M | 18.2M | 10.3M | 2.5M |
| Net Income | 1.4B | 1.2B | 911.0M | 668.0M | 266.0M | 197.0M | 135.0M | 92.5M | 10.9M |
| Net Margin % | 20.6% | 20.5% | 23.4% | 23.3% | 16.4% | 19.6% | 17.8% | 16.8% | 4.3% |
| Net Income Attributable | 1.4B | 1.2B | 911.0M | 668.0M | 266.0M | 197.0M | 135.0M | 92.5M | 10.9M |
| Minority Interest | -487,400 | 600.00 | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | 3.10 | 2.64 | 2.09 | 1.54 | 0.68 | 0.50 | 0.36 | -- | -- |
| Eps Diluted | 3.07 | 2.61 | 2.05 | 1.53 | 0.67 | 0.50 | 0.36 | -- | -- |
| Line Item | FY 2025Dec 31, 2025 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 4.8B | 2.6B | 1.5B | 1.6B | 3.4B | 271.0M | 440.0M | 95.8M | 45.2M |
| Trading Financial Assets | 250.0M | 138.0M | 141.0M | 141.0M | 188.0M | 184.0M | -- | -- | -- |
| Accounts Receivable | 3.2B | 2.1B | 1.6B | 1.1B | 542.0M | 256.0M | 210.0M | 174.0M | 97.7M |
| Notes Receivable | 4.6M | -- | 728,500 | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 3.2B | 2.1B | 1.6B | 1.1B | 542.0M | 256.0M | 210.0M | 174.0M | 97.7M |
| Prepayments | 90.1M | 59.5M | 155.0M | 133.0M | 104.0M | 35.8M | 11.2M | 13.4M | 3.9M |
| Inventory | 4.8B | 4.2B | 3.9B | 2.7B | 1.4B | 615.0M | 307.0M | 264.0M | 136.0M |
| Total Current Assets | 15.9B | 9.5B | 7.6B | 6.3B | 5.8B | 1.4B | 1.2B | 568.0M | 290.0M |
| Long Term Equity Investment | 227.0M | 71.7M | 56.8M | 68.3M | 51.5M | 30.5M | 30.7M | 739,800 | -- |
| Fixed Assets | 1.8B | 1.2B | 662.0M | 300.0M | 38.9M | 28.1M | 14.0M | 16.4M | 14.2M |
| Fixed Assets Total | 1.8B | 1.2B | 662.0M | 300.0M | 38.9M | 28.1M | 14.0M | 16.4M | 14.2M |
| Construction In Progress | 32.8M | 592.0M | 730.0M | 251.0M | 35.7M | 14.4M | 3.7M | -- | -- |
| Construction In Progress Total | 32.8M | 592.0M | 730.0M | 251.0M | 35.7M | 14.4M | 3.7M | -- | -- |
| Intangible Assets | 136.0M | 93.2M | 91.1M | 86.6M | 64.7M | 66.5M | 2.4M | 1.9M | 693,700 |
| Long Term Deferred Expenses | 6.2M | 8.4M | 13.4M | 22.5M | 14.8M | 10.5M | 8.3M | 8.7M | 1.1M |
| Total Non Current Assets | 3.0B | 2.6B | 2.2B | 1.9B | 530.0M | 422.0M | 99.4M | 68.2M | 31.3M |
| Total Assets | 18.9B | 12.1B | 9.8B | 8.2B | 6.3B | 1.8B | 1.3B | 636.0M | 321.0M |
| Short Term Borrowings | 520.0M | 236.0M | 222.0M | 390.0M | 61.7M | 172.0M | 97.0M | 64.8M | 33.3M |
| Accounts Payable | 2.2B | 1.5B | 1.5B | 961.0M | 733.0M | 292.0M | 143.0M | 188.0M | 88.1M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 68.0M | 68.3M | 8.6M |
| Contract Liabilities | 737.0M | 1.1B | 876.0M | 822.0M | 364.0M | 86.0M | -- | -- | -- |
| Total Current Liabilities | 4.2B | 3.5B | 2.9B | 2.4B | 1.3B | 595.0M | 413.0M | 425.0M | 194.0M |
| Long Term Borrowings | 1.1B | 758.0M | 282.0M | 130.0M | 146.0M | 117.0M | -- | -- | -- |
| Total Non Current Liabilities | 1.2B | 933.0M | 417.0M | 255.0M | 258.0M | 200.0M | 65.5M | 65.6M | 78.7M |
| Total Liabilities | 5.4B | 4.5B | 3.3B | 2.7B | 1.5B | 795.0M | 478.0M | 491.0M | 273.0M |
| Paid In Capital | 480.0M | 439.0M | 436.0M | 434.0M | 434.0M | 390.0M | 390.0M | 213.0M | 213.0M |
| Capital Reserve | 9.1B | 4.4B | 4.1B | 3.9B | 3.8B | 388.0M | 367.0M | 7.7M | 3.8M |
| Surplus Reserve | 240.0M | 219.0M | 213.0M | 118.0M | 53.0M | 28.6M | 7.5M | -- | -- |
| Retained Earnings | 3.7B | 2.6B | 1.7B | 1.1B | 483.0M | 241.0M | 65.6M | -76.0M | -169.0M |
| Minority Equity | 1.3M | 600.00 | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 13.5B | 7.7B | 6.5B | 5.5B | 4.8B | 1.0B | 830.0M | 145.0M | 48.4M |
| Total Equity | 13.5B | 7.7B | 6.5B | 5.5B | 4.8B | 1.0B | 830.0M | 145.0M | 48.4M |
| Line Item | FY 2025Dec 31, 2025 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 5.5B | 5.6B | 3.5B | 2.8B | 1.6B | 966.0M | 731.0M | 541.0M | 180.0M |
| Tax Refunds Received | 340.0M | 210.0M | 347.0M | 351.0M | 120.0M | 45.1M | 51.4M | 31.6M | 22.9M |
| Total Operating Cash Inflow | 6.0B | 5.9B | 3.9B | 3.3B | 1.8B | 1.1B | 814.0M | 577.0M | 226.0M |
| Cash Paid For Goods | 3.8B | 3.5B | 3.1B | 2.9B | 1.6B | 834.0M | 539.0M | 401.0M | 139.0M |
| Cash Paid To Employees | 1.1B | 715.0M | 567.0M | 377.0M | 203.0M | 113.0M | 84.4M | 58.4M | 35.0M |
| Taxes Paid | 208.0M | 64.5M | 142.0M | 31.6M | 6.5M | 35.5M | 8.6M | 265,000 | 215,900 |
| Total Operating Cash Outflow | 5.8B | 4.7B | 4.3B | 3.5B | 2.0B | 1.2B | 741.0M | 538.0M | 235.0M |
| Operating Cash Flow | 239.0M | 1.2B | -427.0M | -269.0M | -189.0M | -88.2M | 72.7M | 38.8M | -9.0M |
| Total Investing Cash Inflow | 224.0M | 465.0M | 1.3B | 32.1M | -- | 253.0M | 2,350 | 8,200 | -- |
| Total Investing Cash Outflow | 3.0B | 955.0M | 746.0M | 1.9B | 69.6M | 513.0M | 264.0M | 14.7M | 2.1M |
| Investing Cash Flow | -2.8B | -490.0M | 542.0M | -1.9B | -69.6M | -260.0M | -264.0M | -14.7M | -2.1M |
| Cash From Borrowings | 1.3B | 932.0M | 422.0M | 390.0M | 190.0M | 340.0M | 129.0M | 121.0M | 72.9M |
| Dividends And Interest Paid | 327.0M | 298.0M | 180.0M | 11.3M | 11.3M | 6.4M | 7.6M | 2.6M | 1.8M |
| Debt Repayments | 663.0M | 271.0M | 406.0M | 79.7M | 265.0M | 133.0M | 97.7M | 89.8M | 72.6M |
| Total Financing Cash Inflow | 5.9B | 969.0M | 449.0M | 390.0M | 3.7B | 340.0M | 690.0M | 121.0M | 112.0M |
| Total Financing Cash Outflow | 1.1B | 591.0M | 613.0M | 117.0M | 307.0M | 152.0M | 155.0M | 92.4M | 74.4M |
| Financing Cash Flow | 4.8B | 378.0M | -164.0M | 273.0M | 3.4B | 189.0M | 534.0M | 28.9M | 37.7M |
| Net Change In Cash | 2.2B | 1.1B | -39.0M | -1.8B | 3.1B | -169.0M | 344.0M | 50.7M | 25.4M |
| Ending Cash Balance | 4.8B | 2.6B | 1.5B | 1.6B | 3.4B | 271.0M | 440.0M | 95.8M | 45.2M |
| Capex | 504.0M | 574.0M | 398.0M | 686.0M | 59.6M | 355.0M | 10.2M | 14.7M | 2.1M |