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 | 1.3B | 1.2B | 918.0M | 552.0M | 412.0M |
| Revenue Growth % | 15.1% | 25.5% | 66.3% | 34.0% | -- |
| Total Revenue | 1.3B | 1.2B | 918.0M | 552.0M | 412.0M |
| Cost Of Revenue | 829.0M | 608.0M | 417.0M | 286.0M | 195.0M |
| Gross Profit | 497.0M | 544.0M | 501.0M | 266.0M | 217.0M |
| Gross Margin % | 37.5% | 47.2% | 54.6% | 48.2% | 52.7% |
| Total Operating Cost | 1.3B | 1.1B | 918.0M | 676.0M | 359.0M |
| Selling Expenses | 94.4M | 75.2M | 69.6M | 39.0M | 25.7M |
| Admin Expenses | 119.0M | 151.0M | 221.0M | 218.0M | 53.5M |
| Rd Expenses | 211.0M | 183.0M | 163.0M | 114.0M | 68.2M |
| Finance Expenses | 10.1M | 25.0M | 10.0M | 5.2M | 3.9M |
| Operating Income | 88.5M | 105.0M | 58.5M | -84.4M | 83.2M |
| Operating Margin % | 6.7% | 9.1% | 6.4% | -15.3% | 20.2% |
| Non Operating Income | 321,100 | 531,900 | 288,400 | 5.6M | 12.3M |
| Non Operating Expenses | 709,000 | 3.9M | 2.3M | 13,700 | 504,500 |
| Investment Income | 45.8M | 4.0M | 825,000 | 2.6M | 10.5M |
| Fair Value Change Income | 6.7M | -769,000 | -3.1M | 627,900 | 415,700 |
| Asset Disposal Income | 158,100 | 72,300 | 218,000 | -- | -- |
| Asset Impairment Loss | 32.4M | 19.9M | 15.8M | 5.9M | 2.5M |
| Other Income | 39.7M | 49.8M | 60.3M | 36.6M | 18.8M |
| Income Before Tax | 88.2M | 102.0M | 56.5M | -78.9M | 95.0M |
| Income Tax | -16.3M | -8.6M | -23.0M | -25.6M | 8.3M |
| Net Income | 104.0M | 110.0M | 79.5M | -53.3M | 86.7M |
| Net Margin % | 7.8% | 9.5% | 8.7% | -9.7% | 21.0% |
| Net Income Attributable | 104.0M | 110.0M | 79.5M | -53.3M | 86.7M |
| Minority Interest | -- | -- | -- | -- | -34,100 |
| Eps Basic | 0.38 | 0.69 | 0.70 | -0.67 | 1.08 |
| Eps Diluted | 0.38 | 0.68 | 0.68 | -0.67 | 1.08 |
| 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 | 1.2B | 3.2B | 262.0M | 186.0M | 241.0M |
| Trading Financial Assets | 1.0B | -- | 30.0M | -- | 160.0M |
| Accounts Receivable | 964.0M | 785.0M | 554.0M | 282.0M | 281.0M |
| Notes Receivable | 132.0M | 156.0M | 104.0M | 87.0M | 65.8M |
| Notes And Accounts Receivable | 1.1B | 941.0M | 658.0M | 369.0M | 347.0M |
| Prepayments | 45.0M | 24.2M | 24.8M | 29.2M | 19.3M |
| Inventory | 827.0M | 557.0M | 539.0M | 391.0M | 195.0M |
| Total Current Assets | 4.3B | 4.8B | 1.6B | 1.0B | 994.0M |
| Long Term Equity Investment | 33.3M | 25.9M | 22.5M | 22.5M | -- |
| Fixed Assets | -- | -- | 1.0B | 726.0M | -- |
| Fixed Assets Total | 1.5B | 1.1B | 1.0B | 726.0M | 355.0M |
| Construction In Progress | -- | -- | 118.0M | 148.0M | 203.0M |
| Construction In Progress Total | 1.0B | 340.0M | 165.0M | 191.0M | 261.0M |
| Intangible Assets | 249.0M | 175.0M | 91.2M | 47.3M | 48.8M |
| Long Term Deferred Expenses | 7.1M | 3.4M | 6.7M | 1.5M | 1.3M |
| Total Non Current Assets | 3.0B | 1.8B | 1.4B | 1.1B | 685.0M |
| Total Assets | 7.3B | 6.5B | 3.0B | 2.1B | 1.7B |
| Short Term Borrowings | 504.0M | 610.0M | 412.0M | 87.0M | 24.7M |
| Accounts Payable | 843.0M | 423.0M | 342.0M | 235.0M | 118.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 68.1M | 25.0M | 55.1M | 38.1M | 15.6M |
| Total Current Liabilities | 1.9B | 1.4B | 1.2B | 511.0M | 242.0M |
| Long Term Borrowings | 386.0M | 175.0M | 108.0M | 91.4M | 60.0M |
| Total Non Current Liabilities | 615.0M | 405.0M | 337.0M | 309.0M | 275.0M |
| Total Liabilities | 2.5B | 1.8B | 1.5B | 820.0M | 517.0M |
| Paid In Capital | 272.0M | 192.0M | 113.0M | 80.8M | 80.0M |
| Capital Reserve | 4.2B | 4.2B | 1.2B | 1.0B | 845.0M |
| Surplus Reserve | 63.5M | 44.3M | 30.4M | 25.6M | 25.6M |
| Retained Earnings | 365.0M | 309.0M | 220.0M | 146.0M | 208.0M |
| Minority Equity | -- | -- | -- | -- | -- |
| Equity Attributable | 4.8B | 4.7B | 1.5B | 1.3B | 1.2B |
| Total Equity | 4.8B | 4.7B | 1.5B | 1.3B | 1.2B |
| 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 | 1.2B | 829.0M | 626.0M | 553.0M | 350.0M |
| Tax Refunds Received | 31.5M | 6.1M | 16.6M | 21.6M | -- |
| Total Operating Cash Inflow | 1.4B | 931.0M | 781.0M | 629.0M | 471.0M |
| Cash Paid For Goods | 397.0M | 580.0M | 569.0M | 376.0M | 243.0M |
| Cash Paid To Employees | 366.0M | 261.0M | 198.0M | 136.0M | 77.7M |
| Taxes Paid | 79.4M | 55.7M | 20.0M | 15.4M | 12.7M |
| Total Operating Cash Outflow | 1.0B | 1.1B | 889.0M | 601.0M | 380.0M |
| Operating Cash Flow | 346.0M | -131.0M | -108.0M | 27.5M | 91.1M |
| Total Investing Cash Inflow | 13.1B | 30.1M | 437,000 | 1.1B | 2.4B |
| Total Investing Cash Outflow | 15.5B | 271.0M | 200.0M | 1.3B | 2.4B |
| Investing Cash Flow | -2.4B | -241.0M | -200.0M | -178.0M | 23.4M |
| Cash From Borrowings | 950.0M | 867.0M | 490.0M | 128.0M | 24.4M |
| Dividends And Interest Paid | 46.3M | 33.1M | 11.0M | 15.3M | 13.2M |
| Debt Repayments | 711.0M | 559.0M | 98.9M | 45.0M | 40.0M |
| Total Financing Cash Inflow | 968.0M | 3.9B | 505.0M | 144.0M | 24.4M |
| Total Financing Cash Outflow | 850.0M | 610.0M | 115.0M | 62.4M | 85.0M |
| Financing Cash Flow | 118.0M | 3.3B | 390.0M | 81.2M | -60.6M |
| Net Change In Cash | -2.0B | 2.9B | 82.9M | -70.9M | 53.7M |
| Ending Cash Balance | 1.2B | 3.1B | 251.0M | 168.0M | 239.0M |
| Capex | 1.5B | 271.0M | 170.0M | 319.0M | 284.0M |