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 | 1.7B | 1.8B | 1.9B | 1.6B | 1.1B |
| Revenue Growth % | -5.5% | -5.2% | 18.4% | 51.0% | -- |
| Total Revenue | 1.7B | 1.8B | 1.9B | 1.6B | 1.1B |
| Cost Of Revenue | 1.5B | 1.6B | 1.5B | 1.3B | 874.0M |
| Gross Profit | 190.0M | 214.0M | 338.0M | 256.0M | 178.0M |
| Gross Margin % | 11.3% | 12.0% | 18.0% | 16.1% | 16.9% |
| Total Operating Cost | 1.6B | 1.7B | 1.6B | 1.4B | 941.0M |
| Selling Expenses | 9.9M | 9.2M | 8.7M | 9.3M | 7.3M |
| Admin Expenses | 35.5M | 24.6M | 22.8M | 23.4M | 16.3M |
| Rd Expenses | 45.8M | 50.1M | 57.1M | 50.6M | 33.4M |
| Finance Expenses | 8.9M | 2.9M | -357,000 | 6.5M | 5.2M |
| Operating Income | 99.3M | 124.0M | 248.0M | 166.0M | 119.0M |
| Operating Margin % | 5.9% | 6.9% | 13.2% | 10.4% | 11.3% |
| Non Operating Income | 1.6M | 117,900 | 2.3M | 16.5M | 470,000 |
| Non Operating Expenses | 521,900 | 708,800 | 818,700 | 257,500 | 292,400 |
| Investment Income | 450,200 | -- | 1.5M | 1.3M | 464,200 |
| Fair Value Change Income | 261,800 | -- | -- | -- | -- |
| Asset Impairment Loss | 1.2M | 2.7M | 93,500 | -- | -- |
| Other Income | 21.9M | 8.4M | 4.4M | 4.0M | 7.8M |
| Income Before Tax | 100.0M | 124.0M | 250.0M | 182.0M | 119.0M |
| Income Tax | 8.7M | 10.6M | 28.6M | 19.8M | 14.1M |
| Net Income | 91.8M | 113.0M | 221.0M | 163.0M | 105.0M |
| Net Margin % | 5.4% | 6.3% | 11.7% | 10.3% | 10.0% |
| Net Income Attributable | 92.6M | 113.0M | 221.0M | 163.0M | 105.0M |
| Minority Interest | -865,400 | 20.00 | -- | -- | -- |
| Eps Basic | 0.71 | 0.86 | 1.69 | 1.42 | 1.50 |
| Eps Diluted | 0.71 | 0.86 | 1.69 | 1.42 | 1.50 |
| 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 | 304.0M | 316.0M | 460.0M | 415.0M | 119.0M |
| Trading Financial Assets | -- | -- | -- | 101.0M | -- |
| Accounts Receivable | 156.0M | 113.0M | 81.5M | 70.8M | 50.9M |
| Notes Receivable | 55.0M | 60.4M | 51.4M | 79.1M | 41.6M |
| Notes And Accounts Receivable | 211.0M | 174.0M | 133.0M | 150.0M | 92.5M |
| Prepayments | 33.4M | 29.3M | 3.7M | 7.9M | 1.2M |
| Inventory | 333.0M | 196.0M | 353.0M | 193.0M | 137.0M |
| Total Current Assets | 983.0M | 791.0M | 1.0B | 937.0M | 355.0M |
| Fixed Assets | -- | 553.0M | 104.0M | 83.3M | -- |
| Fixed Assets Total | 696.0M | 553.0M | 104.0M | 83.3M | 96.5M |
| Construction In Progress | -- | 65.9M | 272.0M | 61.8M | 6.1M |
| Construction In Progress Total | 145.0M | 65.9M | 272.0M | 61.8M | 6.1M |
| Intangible Assets | 152.0M | 37.7M | 38.0M | 38.6M | 39.5M |
| Total Non Current Assets | 1.1B | 741.0M | 488.0M | 219.0M | 155.0M |
| Total Assets | 2.1B | 1.5B | 1.5B | 1.2B | 510.0M |
| Short Term Borrowings | 463.0M | 204.0M | 240.0M | 69.6M | 44.5M |
| Accounts Payable | 196.0M | 109.0M | 105.0M | 58.9M | 42.9M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 35.3M | 7.5M | 48.0M | 23.2M | 8.0M |
| Total Current Liabilities | 775.0M | 374.0M | 460.0M | 222.0M | 136.0M |
| Long Term Borrowings | 115.0M | 84.0M | 50.1M | 50.1M | -- |
| Total Non Current Liabilities | 225.0M | 164.0M | 99.3M | 91.0M | 39.2M |
| Total Liabilities | 999.0M | 538.0M | 559.0M | 314.0M | 175.0M |
| Paid In Capital | 131.0M | 131.0M | 131.0M | 93.4M | 70.0M |
| Capital Reserve | 450.0M | 450.0M | 450.0M | 487.0M | 110.0M |
| Surplus Reserve | 65.4M | 65.4M | 65.4M | 43.9M | 28.1M |
| Retained Earnings | 372.0M | 345.0M | 323.0M | 217.0M | 126.0M |
| Minority Equity | 38.5M | 6.0M | -- | -- | -- |
| Equity Attributable | 1.0B | 988.0M | 970.0M | 842.0M | 334.0M |
| Total Equity | 1.1B | 994.0M | 970.0M | 842.0M | 334.0M |
| 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 | 1.8B | 1.6B | 1.7B | 1.5B | 1.0B |
| Tax Refunds Received | 2.8M | 180,600 | 13.1M | 8.1M | 7.3M |
| Total Operating Cash Inflow | 1.8B | 1.7B | 1.7B | 1.5B | 1.0B |
| Cash Paid For Goods | 1.6B | 1.3B | 1.5B | 1.3B | 908.0M |
| Cash Paid To Employees | 74.1M | 89.0M | 74.6M | 50.5M | 34.7M |
| Taxes Paid | 31.8M | 58.8M | 59.6M | 57.9M | 31.5M |
| Total Operating Cash Outflow | 1.8B | 1.5B | 1.6B | 1.5B | 983.0M |
| Operating Cash Flow | 64.9M | 175.0M | 98.1M | 47.8M | 45.9M |
| Total Investing Cash Inflow | 120.0M | -- | 252.0M | 161.0M | 67.5M |
| Total Investing Cash Outflow | 421.0M | 235.0M | 377.0M | 314.0M | 88.9M |
| Investing Cash Flow | -301.0M | -235.0M | -125.0M | -153.0M | -21.4M |
| Cash From Borrowings | 496.0M | 254.0M | 385.0M | 460.0M | 159.0M |
| Dividends And Interest Paid | 76.7M | 96.1M | 97.1M | 62.8M | 58.9M |
| Debt Repayments | 229.0M | 248.0M | 217.0M | 395.0M | 100.0M |
| Total Financing Cash Inflow | 529.0M | 260.0M | 385.0M | 874.0M | 159.0M |
| Total Financing Cash Outflow | 306.0M | 344.0M | 314.0M | 472.0M | 162.0M |
| Financing Cash Flow | 223.0M | -84.4M | 70.7M | 401.0M | -3.7M |
| Net Change In Cash | -12.8M | -144.0M | 44.8M | 296.0M | 20.7M |
| Ending Cash Balance | 303.0M | 316.0M | 460.0M | 415.0M | 119.0M |
| Capex | 301.0M | 234.0M | 185.0M | 54.0M | 17.9M |