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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.5B | 2.0B | 2.3B | 2.2B | 1.2B | 751.0M | 325.0M | 153.0M |
| Revenue Growth % | 26.4% | -15.5% | 4.8% | 83.6% | 60.3% | 131.1% | 112.4% | -- |
| Total Revenue | 2.5B | 2.0B | 2.3B | 2.2B | 1.2B | 751.0M | 325.0M | 153.0M |
| Cost Of Revenue | 1.9B | 1.5B | 2.0B | 1.6B | 744.0M | 433.0M | 186.0M | 96.0M |
| Gross Profit | 524.0M | 447.0M | 342.0M | 632.0M | 460.0M | 318.0M | 139.0M | 57.0M |
| Gross Margin % | 21.2% | 22.8% | 14.8% | 28.6% | 38.2% | 42.3% | 42.8% | 37.2% |
| Total Operating Cost | 2.6B | 2.0B | 2.6B | 1.9B | 970.0M | 592.0M | 271.0M | 121.0M |
| Selling Expenses | 142.0M | 110.0M | 111.0M | 68.2M | 43.8M | 20.3M | 7.1M | 3.0M |
| Admin Expenses | 154.0M | 126.0M | 89.0M | 52.1M | 39.3M | 40.4M | 46.6M | 3.2M |
| Rd Expenses | 148.0M | 168.0M | 207.0M | 134.0M | 107.0M | 78.4M | 20.7M | 8.4M |
| Finance Expenses | 3.0M | -6.4M | -7.5M | -2.7M | 836,000 | -8,000 | 763,500 | -75,200 |
| Operating Income | -94.2M | 18.5M | -152.0M | 308.0M | 253.0M | 172.0M | 58.8M | 33.6M |
| Operating Margin % | -3.8% | 0.9% | -6.6% | 13.9% | 21.0% | 22.9% | 18.1% | 22.0% |
| Non Operating Income | 1.2M | 1.3M | 572,900 | 984,400 | 4.9M | -- | -- | -- |
| Non Operating Expenses | 3.4M | 2.4M | 2.9M | 383,200 | 1.1M | 2.3M | 20,100 | 100,000 |
| Investment Income | 3.6M | 3.8M | 26.2M | 7.0M | 9.4M | 2.2M | 249,900 | 30,600 |
| Fair Value Change Income | 19.5M | 29.5M | 27.0M | 1.3M | 1.1M | 131,500 | -- | -- |
| Asset Disposal Income | -973,500 | -417,900 | -2,200 | -210,400 | -- | -- | -- | -- |
| Asset Impairment Loss | 217.0M | 172.0M | 74.8M | 39.6M | 12.7M | 7.6M | 7.5M | 8.5M |
| Other Income | 34.2M | 65.1M | 35.2M | 18.6M | 8.5M | 11.1M | 4.8M | 2.2M |
| Income Before Tax | -96.4M | 17.4M | -154.0M | 309.0M | 257.0M | 169.0M | 58.8M | 33.5M |
| Income Tax | -11.7M | -3.4M | -35.4M | 49.4M | 43.7M | 35.4M | 15.9M | 7.2M |
| Net Income | -84.8M | 20.9M | -119.0M | 259.0M | 213.0M | 134.0M | 42.9M | 26.3M |
| Net Margin % | -3.4% | 1.1% | -5.1% | 11.7% | 17.7% | 17.8% | 13.2% | 17.2% |
| Net Income Attributable | -84.8M | 20.9M | -119.0M | 259.0M | 213.0M | 134.0M | 42.9M | 26.3M |
| Minority Interest | -61.00 | -200.00 | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.67 | 0.16 | -0.90 | 2.49 | 2.16 | -- | -- | -- |
| Eps Diluted | -0.66 | 0.16 | -0.90 | 2.49 | 2.16 | -- | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 475.0M | 476.0M | 461.0M | 1.5B | 69.0M | 13.1M | 15.0M | 8.1M |
| Trading Financial Assets | 1.1B | 1.2B | 1.2B | 997.0M | 162.0M | 88.1M | 20.0M | 10.0M |
| Accounts Receivable | 499.0M | 629.0M | 858.0M | 815.0M | 348.0M | 295.0M | 113.0M | 121.0M |
| Notes Receivable | 9.8M | 2.4M | -- | 2.0M | 8.2M | -- | -- | -- |
| Notes And Accounts Receivable | 509.0M | 631.0M | 858.0M | 817.0M | 356.0M | 295.0M | 113.0M | 121.0M |
| Prepayments | 124.0M | 112.0M | 70.6M | 103.0M | 24.1M | 3.1M | 6.7M | 765,300 |
| Inventory | 1.7B | 2.1B | 1.5B | 2.0B | 1.3B | 663.0M | 377.0M | 138.0M |
| Total Current Assets | 4.1B | 4.8B | 4.3B | 5.5B | 1.9B | 1.1B | 574.0M | 282.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | 6.4M | 5.0M | -- |
| Fixed Assets | -- | 741.0M | 334.0M | 302.0M | 198.0M | 17.9M | 14.6M | 2.3M |
| Fixed Assets Total | 683.0M | 741.0M | 334.0M | 302.0M | 198.0M | 17.9M | 14.6M | 2.3M |
| Construction In Progress | -- | 457.0M | 381.0M | 17.3M | 48.2M | 112.0M | 4.7M | 7.1M |
| Construction In Progress Total | 568.0M | 457.0M | 381.0M | 17.3M | 48.2M | 112.0M | 4.7M | 7.1M |
| Intangible Assets | 159.0M | 164.0M | 150.0M | 42.0M | 41.0M | 28.5M | 29.0M | 12.4M |
| Long Term Deferred Expenses | 9.7M | 6.1M | 3.3M | 3.1M | 3.1M | 4.0M | 3.1M | 850,000 |
| Total Non Current Assets | 2.1B | 1.9B | 1.2B | 655.0M | 401.0M | 195.0M | 63.6M | 28.8M |
| Total Assets | 6.2B | 6.7B | 5.6B | 6.1B | 2.3B | 1.3B | 637.0M | 311.0M |
| Short Term Borrowings | -- | 20.0M | 125.0M | 166.0M | 45.7M | 10.0M | 20.0M | -- |
| Accounts Payable | 816.0M | 906.0M | 623.0M | 727.0M | 455.0M | 317.0M | 196.0M | 108.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 401.0M | 163.0M | 91.6M |
| Contract Liabilities | 1.0B | 1.2B | 637.0M | 917.0M | 646.0M | -- | -- | -- |
| Total Current Liabilities | 2.5B | 2.8B | 1.8B | 2.2B | 1.5B | 890.0M | 479.0M | 267.0M |
| Total Non Current Liabilities | 191.0M | 210.0M | 214.0M | 106.0M | 76.5M | 63.5M | 33.1M | 2.2M |
| Total Liabilities | 2.6B | 3.0B | 2.0B | 2.3B | 1.5B | 953.0M | 512.0M | 269.0M |
| Paid In Capital | 132.0M | 132.0M | 132.0M | 132.0M | 98.6M | 10.0M | 5.7M | 4.8M |
| Capital Reserve | 3.3B | 3.3B | 3.1B | 3.2B | 456.0M | 120.0M | 52.1M | 12.1M |
| Surplus Reserve | 39.3M | 39.3M | 39.3M | 39.3M | 18.5M | 5.0M | 5.0M | 2.5M |
| Retained Earnings | 188.0M | 283.0M | 262.0M | 460.0M | 221.0M | 196.0M | 62.4M | 22.0M |
| Minority Equity | -200.00 | -200.00 | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 3.5B | 3.7B | 3.6B | 3.9B | 795.0M | 331.0M | 125.0M | 41.4M |
| Total Equity | 3.5B | 3.7B | 3.6B | 3.9B | 795.0M | 331.0M | 125.0M | 41.4M |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.4B | 3.4B | 2.1B | 2.2B | 1.5B | 926.0M | 462.0M | 154.0M |
| Tax Refunds Received | 4.5M | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 2.5B | 3.5B | 2.2B | 2.3B | 1.6B | 973.0M | 493.0M | 166.0M |
| Cash Paid For Goods | 1.5B | 2.1B | 1.7B | 2.3B | 1.3B | 647.0M | 403.0M | 141.0M |
| Cash Paid To Employees | 367.0M | 326.0M | 265.0M | 154.0M | 73.5M | 36.0M | 12.7M | 4.7M |
| Taxes Paid | 80.5M | 80.6M | 103.0M | 145.0M | 106.0M | 64.2M | 14.8M | 3.7M |
| Total Operating Cash Outflow | 2.3B | 2.9B | 2.2B | 2.7B | 1.6B | 781.0M | 444.0M | 156.0M |
| Operating Cash Flow | 261.0M | 622.0M | -37.4M | -421.0M | 12.3M | 192.0M | 48.8M | 10.3M |
| Total Investing Cash Inflow | 4.0B | 4.6B | 13.1B | 3.8B | 1.2B | 903.0M | 164.0M | 5.1M |
| Total Investing Cash Outflow | 4.2B | 5.1B | 13.9B | 4.8B | 1.4B | 1.1B | 245.0M | 34.5M |
| Investing Cash Flow | -144.0M | -511.0M | -765.0M | -1.0B | -201.0M | -149.0M | -81.1M | -29.4M |
| Cash From Borrowings | 91,500 | 20.0M | 39.7M | 330.0M | 43.4M | 20.0M | 50.0M | 20.0M |
| Dividends And Interest Paid | 10.5M | 2.9M | 82.4M | 7.8M | 21.2M | 966,800 | 1.1M | -- |
| Debt Repayments | 20.1M | 123.0M | 82.1M | 200.0M | 10.0M | 70.0M | 10.0M | -- |
| Total Financing Cash Inflow | 9.1M | 20.0M | 39.7M | 3.3B | 273.0M | 24.3M | 50.9M | 22.2M |
| Total Financing Cash Outflow | 88.8M | 153.0M | 290.0M | 435.0M | 44.1M | 71.0M | 11.1M | -- |
| Financing Cash Flow | -79.7M | -133.0M | -251.0M | 2.9B | 229.0M | -46.7M | 39.8M | 22.2M |
| Net Change In Cash | 38.9M | -14.4M | -1.1B | 1.4B | 40.3M | -3.2M | 7.5M | 3.1M |
| Ending Cash Balance | 449.0M | 410.0M | 424.0M | 1.5B | 52.2M | 11.8M | 15.0M | 7.5M |
| Capex | 295.0M | 524.0M | 532.0M | 192.0M | 153.0M | 97.7M | 33.8M | 22.3M |