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 | 2.5B | 2.4B | 1.8B | 1.1B | 502.0M |
| Revenue Growth % | 0.7% | 35.6% | 63.8% | 119.5% | -- |
| Total Revenue | 2.5B | 2.4B | 1.8B | 1.1B | 502.0M |
| Cost Of Revenue | 1.8B | 1.9B | 1.5B | 798.0M | 342.0M |
| Gross Profit | 622.0M | 578.0M | 309.0M | 304.0M | 160.0M |
| Gross Margin % | 25.2% | 23.6% | 17.1% | 27.6% | 31.9% |
| Total Operating Cost | 2.2B | 2.3B | 1.9B | 1.0B | 451.0M |
| Selling Expenses | 12.6M | 16.5M | 42.9M | 18.1M | 9.5M |
| Admin Expenses | 157.0M | 163.0M | 113.0M | 76.9M | 32.7M |
| Rd Expenses | 126.0M | 146.0M | 206.0M | 98.5M | 53.5M |
| Finance Expenses | 24.5M | 35.7M | 12.3M | 486,500 | -3.5M |
| Operating Income | 349.0M | 155.0M | -92.8M | 80.3M | 66.2M |
| Operating Margin % | 14.2% | 6.3% | -5.1% | 7.3% | 13.2% |
| Non Operating Income | 1.4M | 630,500 | 196,300 | 50,300 | 22,000 |
| Non Operating Expenses | 4.7M | 1.0M | 808,300 | 67,400 | 129,200 |
| Investment Income | 2.7M | -6.3M | -111,900 | 9.8M | 4.3M |
| Fair Value Change Income | -- | -- | -201,000 | 201,000 | 136,900 |
| Asset Disposal Income | 75,900 | 583,900 | -402,100 | -- | -- |
| Asset Impairment Loss | -11.9M | 52.9M | 31.7M | 43.7M | 33,900 |
| Other Income | 45.3M | 43.3M | 28.2M | 11.9M | 10.8M |
| Income Before Tax | 346.0M | 154.0M | -93.4M | 80.3M | 66.1M |
| Income Tax | 32.0M | 27.6M | -35.5M | 9.4M | 5.0M |
| Net Income | 314.0M | 126.0M | -58.0M | 70.9M | 61.0M |
| Net Margin % | 12.7% | 5.1% | -3.2% | 6.4% | 12.2% |
| Net Income Attributable | 223.0M | 40.0M | -94.4M | 70.1M | 60.7M |
| Minority Interest | 91.0M | 86.5M | 36.5M | 835,500 | 309,600 |
| Eps Basic | 1.87 | 0.37 | -1.24 | 0.93 | 0.96 |
| Eps Diluted | 1.87 | 0.37 | -1.24 | 0.92 | 0.96 |
| 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 | 786.0M | 344.0M | 508.0M | 407.0M | 289.0M |
| Trading Financial Assets | -- | -- | 2.7M | 230.0M | 503.0M |
| Accounts Receivable | 689.0M | 952.0M | 796.0M | 113.0M | 92.1M |
| Notes Receivable | 45.8M | 85.8M | 113.0M | 9.4M | 53.3M |
| Notes And Accounts Receivable | 735.0M | 1.0B | 909.0M | 122.0M | 145.0M |
| Prepayments | 90.1M | 14.7M | 46.6M | 40.7M | 21.8M |
| Inventory | 974.0M | 741.0M | 664.0M | 333.0M | 123.0M |
| Total Current Assets | 3.5B | 2.9B | 3.2B | 1.8B | 1.3B |
| Long Term Equity Investment | -- | 7.2M | 8.9M | -- | -- |
| Fixed Assets | -- | 453.0M | 309.0M | 171.0M | 14.2M |
| Fixed Assets Total | 837.0M | 453.0M | 309.0M | 171.0M | 14.2M |
| Construction In Progress | -- | 274.0M | 134.0M | 7.6M | 37.2M |
| Construction In Progress Total | 16.2M | 274.0M | 134.0M | 7.6M | 37.2M |
| Intangible Assets | 133.0M | 139.0M | 144.0M | 86.5M | 11.7M |
| Long Term Deferred Expenses | 5.8M | -- | -- | -- | -- |
| Total Non Current Assets | 1.7B | 1.7B | 1.4B | 321.0M | 82.4M |
| Total Assets | 5.2B | 4.6B | 4.6B | 2.1B | 1.4B |
| Short Term Borrowings | 560.0M | 1.0B | 792.0M | 494,900 | -- |
| Accounts Payable | 672.0M | 645.0M | 628.0M | 193.0M | 78.4M |
| Advance Receipts | -- | 50,000 | 11.8M | -- | -- |
| Contract Liabilities | 763.0M | 356.0M | 398.0M | 191.0M | 73.0M |
| Total Current Liabilities | 2.4B | 2.4B | 2.9B | 873.0M | 290.0M |
| Long Term Borrowings | 287.0M | 549.0M | 242.0M | -- | -- |
| Total Non Current Liabilities | 401.0M | 668.0M | 336.0M | 19.0M | 6.8M |
| Total Liabilities | 2.8B | 3.1B | 3.2B | 892.0M | 297.0M |
| Paid In Capital | 125.0M | 76.7M | 76.7M | 76.0M | 75.6M |
| Capital Reserve | 1.5B | 919.0M | 919.0M | 881.0M | 839.0M |
| Surplus Reserve | 29.6M | 27.6M | 27.6M | 27.6M | 18.8M |
| Retained Earnings | 310.0M | 153.0M | 113.0M | 207.0M | 146.0M |
| Minority Equity | 410.0M | 319.0M | 233.0M | 17.2M | 11.0M |
| Equity Attributable | 2.0B | 1.2B | 1.1B | 1.2B | 1.1B |
| Total Equity | 2.4B | 1.5B | 1.4B | 1.2B | 1.1B |
| 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 | 2.4B | 1.6B | 1.2B | 929.0M | 432.0M |
| Tax Refunds Received | 13.9M | 60.7M | 30.9M | 21.4M | 1.2M |
| Total Operating Cash Inflow | 2.5B | 1.9B | 1.3B | 981.0M | 466.0M |
| Cash Paid For Goods | 759.0M | 1.1B | 1.1B | 589.0M | 249.0M |
| Cash Paid To Employees | 507.0M | 537.0M | 479.0M | 229.0M | 110.0M |
| Taxes Paid | 144.0M | 170.0M | 121.0M | 57.4M | 26.8M |
| Total Operating Cash Outflow | 1.5B | 1.9B | 1.8B | 946.0M | 423.0M |
| Operating Cash Flow | 988.0M | -58.6M | -535.0M | 35.0M | 43.2M |
| Total Investing Cash Inflow | 1.8B | 140.0M | 685.0M | 1.7B | 592.0M |
| Total Investing Cash Outflow | 2.1B | 705.0M | 1.2B | 1.6B | 1.1B |
| Investing Cash Flow | -307.0M | -565.0M | -486.0M | 67.3M | -537.0M |
| Cash From Borrowings | 707.0M | 1.5B | 1.1B | 18.8M | -- |
| Dividends And Interest Paid | 99.5M | 40.0M | 34.3M | 1.9M | 28.7M |
| Debt Repayments | 1.4B | 938.0M | -- | 18.3M | -- |
| Total Financing Cash Inflow | 1.3B | 1.5B | 1.1B | 32.5M | 667.0M |
| Total Financing Cash Outflow | 1.5B | 1.0B | 58.2M | 30.8M | 54.2M |
| Financing Cash Flow | -204.0M | 536.0M | 1.0B | 1.7M | 613.0M |
| Net Change In Cash | 471.0M | -84.7M | 9.2M | 101.0M | 120.0M |
| Ending Cash Balance | 781.0M | 310.0M | 395.0M | 386.0M | 285.0M |
| Capex | 204.0M | 239.0M | 296.0M | 212.0M | 38.5M |