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 | 1.0B | 1.4B | 1.7B | 1.2B | 666.0M | 449.0M | 325.0M | 249.0M | 232.0M | 164.0M | 109.0M |
| Revenue Growth % | -24.0% | -17.7% | 42.2% | 75.2% | 48.3% | 38.2% | 30.5% | 7.3% | 41.5% | 50.5% | -- |
| Total Revenue | 1.0B | 1.4B | 1.7B | 1.2B | 666.0M | 449.0M | 325.0M | 249.0M | 232.0M | 164.0M | 109.0M |
| Cost Of Revenue | 972.0M | 1.0B | 982.0M | 638.0M | 392.0M | 288.0M | 206.0M | 164.0M | 148.0M | 105.0M | 77.4M |
| Gross Profit | 66.0M | 325.0M | 677.0M | 529.0M | 274.0M | 161.0M | 119.0M | 85.0M | 84.0M | 59.0M | 31.6M |
| Gross Margin % | 6.4% | 23.8% | 40.8% | 45.3% | 41.1% | 35.9% | 36.6% | 34.1% | 36.2% | 36.0% | 29.0% |
| Total Operating Cost | 1.4B | 1.5B | 1.3B | 858.0M | 523.0M | 382.0M | 263.0M | 210.0M | 188.0M | 142.0M | 112.0M |
| Selling Expenses | 81.4M | 79.6M | 57.4M | 44.7M | 34.2M | 27.9M | 19.2M | 13.3M | 11.3M | 13.2M | 14.4M |
| Admin Expenses | 114.0M | 142.0M | 148.0M | 89.1M | 51.8M | 36.5M | 25.0M | 21.8M | 16.6M | 24.1M | 18.7M |
| Rd Expenses | 96.7M | 122.0M | 123.0M | 77.8M | 47.0M | 28.2M | 16.5M | 11.1M | 9.3M | -- | -- |
| Finance Expenses | -7.0M | 4.6M | -9.3M | -1.6M | -8.1M | -4.8M | -5.5M | 1.1M | -1.9M | -1.7M | 137,100 |
| Operating Income | -375.0M | -53.2M | 371.0M | 324.0M | 152.0M | 74.9M | 71.3M | 48.8M | 44.6M | 22.4M | -2.8M |
| Operating Margin % | -36.1% | -3.9% | 22.4% | 27.8% | 22.8% | 16.7% | 21.9% | 19.6% | 19.2% | 13.6% | -2.5% |
| Non Operating Income | 801,900 | 492,400 | 466,800 | 111,000 | 379,000 | 3.0M | 1.6M | 754,800 | 7.0M | 8.1M | 1.2M |
| Non Operating Expenses | 6.7M | 6.4M | 3.0M | 1.4M | 2.4M | 380,600 | 1.3M | 186,900 | 34,200 | 10,600 | 54,300 |
| Investment Income | 12.1M | 3.1M | 2.5M | -- | 630,600 | 190,900 | -- | -- | -- | -- | -- |
| Fair Value Change Income | 557,900 | 3.2M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -10,700 | 293,400 | 228,500 | 159,900 | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 57.6M | 18.9M | 1.6M | 841,800 | 1.0M | -- | 1.8M | -1.2M | 3.9M | 1.3M | 1.4M |
| Other Income | 12.9M | 29.0M | 35.6M | 14.4M | 8.4M | 6.9M | 9.2M | 9.4M | -- | -- | -- |
| Income Before Tax | -381.0M | -59.1M | 368.0M | 323.0M | 150.0M | 77.5M | 71.6M | 49.3M | 51.5M | 30.4M | -1.6M |
| Income Tax | -50.2M | -25.9M | 29.9M | 38.3M | 15.9M | 9.0M | 9.1M | 6.7M | 7.1M | 4.1M | 960,600 |
| Net Income | -331.0M | -33.2M | 338.0M | 285.0M | 134.0M | 68.5M | 62.4M | 42.7M | 44.4M | 26.4M | -2.6M |
| Net Margin % | -31.9% | -2.4% | 20.4% | 24.4% | 20.1% | 15.3% | 19.2% | 17.1% | 19.2% | 16.1% | -2.4% |
| Net Income Attributable | -331.0M | -33.2M | 338.0M | 282.0M | 129.0M | 66.6M | 60.8M | 41.6M | 43.4M | 26.1M | -3.0M |
| Minority Interest | -- | -- | -- | 2.4M | 4.8M | 1.9M | 1.7M | 1.1M | 1.0M | 222,300 | 432,100 |
| Eps Basic | -2.47 | -0.26 | 2.78 | 3.25 | 2.09 | 1.36 | 1.31 | 0.90 | 1.00 | 0.63 | -- |
| Eps Diluted | -2.47 | -0.26 | 2.78 | 3.25 | 2.09 | 1.36 | 1.31 | 0.90 | 1.00 | 0.63 | -- |
| 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 | 261.0M | 472.0M | 197.0M | 412.0M | 466.0M | 636.0M | 167.0M | 157.0M | 144.0M | 22.9M | 16.1M |
| Trading Financial Assets | 261.0M | 518.0M | -- | 100.0M | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 548.0M | 591.0M | 513.0M | 213.0M | 150.0M | 123.0M | 75.7M | 65.4M | 82.9M | 39.2M | 28.5M |
| Notes Receivable | -- | 300,000 | 600,000 | 2.7M | -- | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 548.0M | 591.0M | 514.0M | 215.0M | 150.0M | 123.0M | 75.7M | 65.4M | 82.9M | 39.2M | 28.5M |
| Prepayments | 12.3M | 26.2M | 72.5M | 36.6M | 15.3M | 8.0M | 11.5M | 7.8M | 5.5M | 5.7M | 2.9M |
| Inventory | 104.0M | 166.0M | 171.0M | 83.5M | 32.7M | 11.8M | 8.4M | 6.5M | 6.2M | 6.5M | 7.6M |
| Total Current Assets | 1.4B | 1.9B | 1.1B | 892.0M | 699.0M | 799.0M | 273.0M | 243.0M | 241.0M | 77.8M | 57.7M |
| Long Term Equity Investment | 4.3M | 10.1M | 10.1M | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 673.0M | 577.0M | 411.0M | 343.0M | 156.0M | 122.0M | 90.4M | 69.8M | 44.3M | 37.2M |
| Fixed Assets Total | 606.0M | 673.0M | 577.0M | 411.0M | 343.0M | 156.0M | 122.0M | 90.4M | 69.8M | 44.3M | 37.2M |
| Construction In Progress | -- | 143.0M | 140.0M | 101.0M | 10.8M | 17.9M | 17.0M | 3.4M | -- | 16.7M | -- |
| Construction In Progress Total | 169.0M | 143.0M | 140.0M | 101.0M | 10.8M | 17.9M | 17.0M | 3.4M | -- | 16.7M | -- |
| Intangible Assets | 278.0M | 287.0M | 294.0M | 232.0M | 235.0M | 4.9M | 4.7M | 1.1M | 449,500 | 218,000 | 270,300 |
| Long Term Deferred Expenses | 97.5M | 144.0M | 148.0M | 65.4M | 57.4M | 40.6M | 27.5M | 22.8M | 29.3M | 6.8M | 4.1M |
| Total Non Current Assets | 1.4B | 1.4B | 1.3B | 902.0M | 665.0M | 329.0M | 205.0M | 149.0M | 106.0M | 79.2M | 47.1M |
| Total Assets | 2.8B | 3.3B | 2.3B | 1.8B | 1.4B | 1.1B | 478.0M | 393.0M | 347.0M | 157.0M | 105.0M |
| Short Term Borrowings | 292.0M | 349.0M | 229.0M | -- | -- | -- | -- | -- | -- | 23.0M | 8.0M |
| Accounts Payable | 138.0M | 184.0M | 218.0M | 120.0M | 87.1M | 51.4M | 44.7M | 22.1M | 30.0M | 16.6M | 10.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 34.0M | 43.8M | 47.6M | 33.8M | 38.1M | 32.0M |
| Contract Liabilities | 65.0M | 62.6M | 85.5M | 152.0M | 53.9M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 576.0M | 686.0M | 617.0M | 384.0M | 196.0M | 114.0M | 110.0M | 85.1M | 82.5M | 93.0M | 76.0M |
| Long Term Borrowings | 21.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 107.0M | 68.7M | 110.0M | 82.4M | 32.5M | 13.7M | 14.4M | 16.7M | 16.4M | 8.6M | 5.4M |
| Total Liabilities | 683.0M | 755.0M | 727.0M | 466.0M | 229.0M | 128.0M | 124.0M | 102.0M | 98.8M | 102.0M | 81.4M |
| Paid In Capital | 135.0M | 135.0M | 87.0M | 62.1M | 62.0M | 62.0M | 46.5M | 46.5M | 46.5M | 41.2M | 36.4M |
| Capital Reserve | 1.7B | 1.7B | 715.0M | 718.0M | 757.0M | 756.0M | 192.0M | 192.0M | 192.0M | 51.0M | 86.2M |
| Surplus Reserve | 43.5M | 43.5M | 43.5M | 31.0M | 20.9M | 14.9M | 10.4M | 6.2M | 3.2M | -- | -- |
| Retained Earnings | 360.0M | 690.0M | 758.0M | 517.0M | 284.0M | 160.0M | 98.3M | 41.8M | 3.1M | -38.7M | -103.0M |
| Minority Equity | -- | -- | -- | -- | 12.3M | 7.5M | 5.6M | 3.9M | 2.9M | 1.8M | 3.8M |
| Equity Attributable | 2.1B | 2.5B | 1.6B | 1.3B | 1.1B | 993.0M | 348.0M | 287.0M | 245.0M | 53.6M | 19.6M |
| Total Equity | 2.1B | 2.5B | 1.6B | 1.3B | 1.1B | 1.0B | 353.0M | 291.0M | 248.0M | 55.4M | 23.4M |
| 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 | 1.1B | 1.3B | 1.3B | 1.2B | 665.0M | 407.0M | 325.0M | 292.0M | 191.0M | 164.0M | 119.0M |
| Tax Refunds Received | 37.3M | 82.6M | 38.1M | 21.1M | 12.4M | 6.0M | 2.8M | 4.2M | 3.1M | 1.1M | 2.5M |
| Total Operating Cash Inflow | 1.1B | 1.4B | 1.4B | 1.3B | 712.0M | 426.0M | 340.0M | 308.0M | 210.0M | 176.0M | 125.0M |
| Cash Paid For Goods | 449.0M | 507.0M | 621.0M | 368.0M | 194.0M | 136.0M | 102.0M | 98.3M | 64.5M | 59.2M | 42.4M |
| Cash Paid To Employees | 573.0M | 675.0M | 604.0M | 374.0M | 248.0M | 184.0M | 132.0M | 103.0M | 91.2M | 65.1M | 46.9M |
| Taxes Paid | 7.2M | 27.4M | 66.8M | 24.7M | 11.1M | 10.1M | 12.2M | 11.3M | 4.4M | 876,800 | 535,500 |
| Total Operating Cash Outflow | 1.1B | 1.4B | 1.4B | 837.0M | 504.0M | 368.0M | 269.0M | 233.0M | 176.0M | 140.0M | 106.0M |
| Operating Cash Flow | -22.7M | 33.3M | -21.3M | 453.0M | 208.0M | 58.3M | 71.1M | 74.7M | 34.1M | 36.2M | 19.4M |
| Total Investing Cash Inflow | 1.4B | 849.0M | 342.0M | 159,900 | 71.6M | 112,700 | 4,310 | -- | 7.9M | 156,200 | 2,200 |
| Total Investing Cash Outflow | 1.5B | 1.6B | 654.0M | 400.0M | 443.0M | 168.0M | 64.4M | 58.9M | 39.3M | 51.7M | 15.5M |
| Investing Cash Flow | -90.0M | -788.0M | -312.0M | -400.0M | -372.0M | -168.0M | -64.4M | -58.9M | -31.4M | -51.6M | -15.5M |
| Cash From Borrowings | 320.0M | 457.0M | 279.0M | -- | -- | -- | -- | -- | 10.0M | 23.0M | 8.0M |
| Dividends And Interest Paid | 7.0M | 42.1M | 87.3M | 39.1M | -- | -- | -- | -- | 830,500 | 1.1M | 423,900 |
| Debt Repayments | 356.0M | 337.0M | 50.0M | -- | -- | -- | -- | -- | 33.0M | 8.0M | 5.0M |
| Total Financing Cash Inflow | 320.0M | 1.5B | 286.0M | 7.0M | -- | 596.0M | -- | -- | 166.0M | 43.3M | 9.0M |
| Total Financing Cash Outflow | 427.0M | 434.0M | 177.0M | 113.0M | 1.9M | 16.3M | -- | -- | 49.8M | 23.7M | 6.4M |
| Financing Cash Flow | -107.0M | 1.0B | 109.0M | -106.0M | -1.9M | 579.0M | -- | -- | 116.0M | 19.6M | 2.6M |
| Net Change In Cash | -213.0M | 275.0M | -216.0M | -53.6M | -171.0M | 470.0M | 9.7M | 12.7M | 121.0M | 6.8M | 6.8M |
| Ending Cash Balance | 258.0M | 471.0M | 196.0M | 412.0M | 465.0M | 636.0M | 167.0M | 157.0M | 144.0M | 22.9M | 16.1M |
| Capex | 110.0M | 186.0M | 404.0M | 293.0M | 119.0M | 97.4M | 64.4M | 58.9M | 39.3M | 36.5M | 15.5M |