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 |
|---|---|---|---|---|---|---|
| Revenue | 425.0M | 406.0M | 222.0M | 195.0M | 122.0M | 23.0M |
| Revenue Growth % | 4.7% | 82.9% | 13.8% | 59.8% | 431.6% | -- |
| Total Revenue | 425.0M | 406.0M | 222.0M | 195.0M | 122.0M | 23.0M |
| Cost Of Revenue | 314.0M | 274.0M | 144.0M | 116.0M | 67.3M | 13.3M |
| Gross Profit | 111.0M | 132.0M | 78.0M | 79.0M | 54.7M | 9.7M |
| Gross Margin % | 26.1% | 32.5% | 35.1% | 40.5% | 44.8% | 42.2% |
| Total Operating Cost | 404.0M | 362.0M | 198.0M | 157.0M | 92.8M | 43.3M |
| Selling Expenses | 5.1M | 4.0M | 5.1M | 4.6M | 3.1M | 1.4M |
| Admin Expenses | 34.2M | 35.4M | 25.0M | 16.2M | 11.4M | 10.4M |
| Rd Expenses | 44.2M | 38.0M | 20.8M | 19.7M | 11.2M | 11.2M |
| Finance Expenses | -1.6M | -2.0M | 357,300 | -834,400 | -804,500 | 371,400 |
| Operating Income | 61.3M | 77.5M | 38.0M | 52.8M | 32.6M | -14.8M |
| Operating Margin % | 14.4% | 19.1% | 17.1% | 27.1% | 26.7% | -64.5% |
| Non Operating Income | 126,700 | 151,300 | 2,000 | 13,000 | 700.00 | 41,100 |
| Non Operating Expenses | 2.1M | 1,700 | 171,400 | 725,400 | 51,900 | 254,400 |
| Investment Income | 42.3M | 10.7M | 5.6M | 4.8M | 2.8M | 681,500 |
| Fair Value Change Income | -13.9M | 15.7M | 6.6M | 2.7M | -- | -- |
| Asset Disposal Income | 189,100 | 79,400 | 300.00 | -- | -- | -- |
| Asset Impairment Loss | 6.0M | 4.1M | 2.2M | 306,700 | 2.3M | 1.6M |
| Other Income | 11.7M | 7.2M | 1.4M | 7.7M | 292,500 | 4.8M |
| Income Before Tax | 59.4M | 77.7M | 37.8M | 52.1M | 32.5M | -15.0M |
| Income Tax | 5.6M | 6.6M | 3.3M | 5.2M | 2.6M | -2.5M |
| Net Income | 53.7M | 71.0M | 34.5M | 47.0M | 30.0M | -12.5M |
| Net Margin % | 12.6% | 17.5% | 15.6% | 24.1% | 24.6% | -54.4% |
| Net Income Attributable | 53.7M | 71.0M | 34.5M | 47.0M | 29.8M | -11.1M |
| Minority Interest | -- | -- | -- | -- | 177,500 | -1.4M |
| Eps Basic | 0.39 | 0.56 | 0.33 | 0.48 | 0.38 | -- |
| Eps Diluted | 0.39 | 0.56 | 0.33 | 0.48 | 0.38 | -- |
| 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 |
|---|---|---|---|---|---|---|
| Cash And Equivalents | 107.0M | 172.0M | 99.5M | 111.0M | 96.1M | 14.3M |
| Trading Financial Assets | 706.0M | 839.0M | 80.3M | -- | -- | -- |
| Accounts Receivable | 108.0M | 154.0M | 28.6M | 29.0M | 16.5M | 2.7M |
| Notes Receivable | 31.0M | 148.0M | 2.4M | 605,100 | 1.0M | 70,000 |
| Notes And Accounts Receivable | 139.0M | 302.0M | 30.9M | 29.6M | 17.5M | 2.8M |
| Prepayments | 21.4M | 32.7M | 32.8M | 15.5M | 16.4M | 5.0M |
| Inventory | 219.0M | 282.0M | 75.0M | 68.1M | 28.0M | 48.5M |
| Total Current Assets | 1.3B | 1.8B | 394.0M | 296.0M | 165.0M | 98.1M |
| Fixed Assets | -- | 20.3M | 13.9M | 14.2M | 8.9M | 9.4M |
| Fixed Assets Total | 15.9M | 20.3M | 13.9M | 14.2M | 8.9M | 9.4M |
| Construction In Progress | -- | 96.0M | 2.3M | -- | -- | -- |
| Construction In Progress Total | 190.0M | 96.0M | 2.3M | -- | -- | -- |
| Intangible Assets | 18.6M | 19.2M | 2.7M | 3.1M | 3.6M | 4.0M |
| Long Term Deferred Expenses | 400,700 | 752,100 | 1.0M | 1.2M | -- | -- |
| Total Non Current Assets | 607.0M | 273.0M | 216.0M | 250.0M | 106.0M | 71.4M |
| Total Assets | 1.9B | 2.1B | 610.0M | 546.0M | 271.0M | 169.0M |
| Short Term Borrowings | 8.1M | 30.7M | -- | 899,700 | 2.4M | 6.0M |
| Accounts Payable | 112.0M | 114.0M | 18.3M | 7.7M | 3.9M | 2.6M |
| Advance Receipts | -- | -- | -- | -- | -- | 61.1M |
| Contract Liabilities | 54.5M | 164.0M | 33.2M | 32.5M | 35.9M | -- |
| Total Current Liabilities | 275.0M | 507.0M | 79.6M | 59.5M | 56.3M | 75.3M |
| Total Non Current Liabilities | 13.7M | 19.9M | 10.2M | 9.3M | 7.7M | 13.4M |
| Total Liabilities | 289.0M | 527.0M | 89.8M | 68.8M | 64.0M | 88.7M |
| Paid In Capital | 138.0M | 138.0M | 104.0M | 104.0M | 92.7M | 62.0M |
| Capital Reserve | 1.3B | 1.3B | 311.0M | 302.0M | 90.3M | 215,600 |
| Surplus Reserve | 20.8M | 15.1M | 7.9M | 6.1M | 3.1M | 4.5M |
| Retained Earnings | 147.0M | 127.0M | 97.7M | 65.0M | 21.5M | 16.0M |
| Minority Equity | -- | -- | -- | -- | -511,800 | -2.2M |
| Equity Attributable | 1.6B | 1.6B | 521.0M | 477.0M | 208.0M | 82.9M |
| Total Equity | 1.6B | 1.6B | 521.0M | 477.0M | 207.0M | 80.8M |
| 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 |
|---|---|---|---|---|---|---|
| Cash From Sales | 382.0M | 214.0M | 221.0M | 186.0M | 93.3M | 20.4M |
| Total Operating Cash Inflow | 386.0M | 222.0M | 225.0M | 189.0M | 103.0M | 28.2M |
| Cash Paid For Goods | 275.0M | 223.0M | 153.0M | 149.0M | 62.5M | 26.0M |
| Cash Paid To Employees | 66.0M | 57.1M | 36.5M | 25.3M | 15.6M | 14.8M |
| Taxes Paid | 17.1M | 13.4M | 5.3M | 16.5M | -67,400 | 4.3M |
| Total Operating Cash Outflow | 383.0M | 314.0M | 207.0M | 200.0M | 89.0M | 53.8M |
| Operating Cash Flow | 3.2M | -91.7M | 18.5M | -11.5M | 13.7M | -25.7M |
| Total Investing Cash Inflow | 1.8B | 1.2B | 500.0M | 154.0M | 27.7M | 237.0M |
| Total Investing Cash Outflow | 1.8B | 2.1B | 528.0M | 345.0M | 51.3M | 238.0M |
| Investing Cash Flow | -5.4M | -872.0M | -28.2M | -191.0M | -23.6M | -822,700 |
| Cash From Borrowings | 8.1M | 59.3M | -- | 1.0M | 6.1M | 6.0M |
| Dividends And Interest Paid | 27.5M | 34.6M | 5,100 | 45,600 | 165,100 | 346,800 |
| Debt Repayments | -- | -- | 898,600 | 2.5M | 9.7M | 4.9M |
| Total Financing Cash Inflow | 17.5M | 1.2B | 5.0M | 222.0M | 102.0M | 6.0M |
| Total Financing Cash Outflow | 80.7M | 149.0M | 6.2M | 4.9M | 10.0M | 6.0M |
| Financing Cash Flow | -63.1M | 1.0B | -1.2M | 217.0M | 92.0M | -45,400 |
| Net Change In Cash | -65.3M | 72.4M | -11.0M | 14.4M | 81.8M | -26.6M |
| Ending Cash Balance | 107.0M | 172.0M | 99.5M | 111.0M | 96.1M | 14.3M |
| Capex | 94.9M | 76.2M | 13.0M | 9.7M | 1.3M | 661,400 |