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 | 1.0B | 894.0M | 799.0M | 566.0M | 400.0M |
| Revenue Growth % | 15.2% | 11.9% | 41.2% | 41.5% | -- |
| Total Revenue | 1.0B | 894.0M | 799.0M | 566.0M | 400.0M |
| Cost Of Revenue | 883.0M | 716.0M | 626.0M | 440.0M | 325.0M |
| Gross Profit | 147.0M | 178.0M | 173.0M | 126.0M | 75.0M |
| Gross Margin % | 14.3% | 19.9% | 21.7% | 22.3% | 18.8% |
| Total Operating Cost | 1.1B | 903.0M | 814.0M | 570.0M | 399.0M |
| Selling Expenses | 24.1M | 22.3M | 25.7M | 23.7M | 15.8M |
| Admin Expenses | 52.7M | 62.6M | 59.0M | 52.7M | 33.4M |
| Rd Expenses | 73.1M | 63.7M | 59.6M | 40.2M | 29.2M |
| Finance Expenses | -32.7M | -7.2M | -5.5M | -7.0M | -9.3M |
| Operating Income | 14.1M | 20.5M | 7.2M | 18.9M | 20.8M |
| Operating Margin % | 1.4% | 2.3% | 0.9% | 3.3% | 5.2% |
| Non Operating Income | 1.1M | 401,700 | 638,600 | 18.7M | 1.2M |
| Non Operating Expenses | 409,200 | 1.5M | 1.3M | 997,700 | 163,800 |
| Investment Income | 3.4M | 526,900 | -111,800 | 6.0M | 9.4M |
| Fair Value Change Income | 49,500 | -220,100 | -63,700 | 2.2M | 945,000 |
| Asset Disposal Income | -- | 3,300 | -- | -31,500 | -- |
| Asset Impairment Loss | 48.6M | 38.7M | 43.7M | 15.9M | 2.0M |
| Other Income | 37.1M | 29.0M | 21.9M | 14.9M | 9.2M |
| Income Before Tax | 14.8M | 19.4M | 6.6M | 36.6M | 21.8M |
| Income Tax | 3.6M | 4.9M | 3.1M | 7.0M | -1.8M |
| Net Income | 11.2M | 14.5M | 3.5M | 29.7M | 23.6M |
| Net Margin % | 1.1% | 1.6% | 0.4% | 5.2% | 5.9% |
| Net Income Attributable | 10.0M | 13.7M | 10.5M | 33.3M | 24.7M |
| Minority Interest | 1.2M | 847,300 | -7.0M | -3.7M | -1.1M |
| Eps Basic | 0.01 | 0.01 | 0.01 | 0.03 | -- |
| Eps Diluted | 0.01 | 0.01 | 0.01 | 0.03 | -- |
| 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 | 1.6B | 1.6B | 351.0M | 406.0M | 374.0M |
| Trading Financial Assets | 3.6M | 164.0M | 39.8M | 61.3M | 151.0M |
| Accounts Receivable | 263.0M | 216.0M | 193.0M | 146.0M | 81.3M |
| Notes Receivable | 30.7M | 28.5M | 41.1M | 40.9M | 24.2M |
| Notes And Accounts Receivable | 294.0M | 244.0M | 234.0M | 187.0M | 106.0M |
| Prepayments | 22.9M | 19.5M | 18.3M | 10.0M | 2.7M |
| Inventory | 224.0M | 194.0M | 137.0M | 65.7M | 36.5M |
| Total Current Assets | 2.2B | 2.3B | 812.0M | 791.0M | 689.0M |
| Long Term Equity Investment | 62.8M | 9.4M | 9.4M | 9.5M | 10.0M |
| Fixed Assets | -- | 1.2B | 898.0M | 597.0M | 321.0M |
| Fixed Assets Total | 1.3B | 1.2B | 898.0M | 597.0M | 321.0M |
| Construction In Progress | -- | 276.0M | 327.0M | 206.0M | 251.0M |
| Construction In Progress Total | 297.0M | 276.0M | 327.0M | 206.0M | 251.0M |
| Intangible Assets | 76.3M | 64.9M | 71.2M | 57.9M | 48.3M |
| Long Term Deferred Expenses | 2.8M | 3.1M | 2.8M | 1.5M | -- |
| Total Non Current Assets | 1.8B | 1.7B | 1.4B | 949.0M | 702.0M |
| Total Assets | 4.0B | 4.0B | 2.2B | 1.7B | 1.4B |
| Short Term Borrowings | 93.1M | 35.7M | 183.0M | 9.5M | 9.0M |
| Accounts Payable | 363.0M | 290.0M | 258.0M | 154.0M | 86.3M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 2.6M | 12.0M | 1.7M | 1.7M | 623,600 |
| Total Current Liabilities | 734.0M | 683.0M | 734.0M | 394.0M | 216.0M |
| Long Term Borrowings | 65.0M | 71.6M | 93.6M | -- | -- |
| Total Non Current Liabilities | 168.0M | 167.0M | 188.0M | 77.1M | 66.2M |
| Total Liabilities | 902.0M | 849.0M | 922.0M | 471.0M | 283.0M |
| Paid In Capital | 1.5B | 1.5B | 1.1B | 1.1B | 1.0B |
| Capital Reserve | 1.5B | 1.5B | 48.1M | 38.4M | -- |
| Surplus Reserve | 15.1M | 9.1M | 2.5M | 2.5M | 566,400 |
| Retained Earnings | 26.0M | 36.8M | 29.7M | 19.1M | 2.8M |
| Minority Equity | 82.3M | 81.2M | 80.3M | 96.5M | 101.0M |
| Equity Attributable | 3.0B | 3.0B | 1.2B | 1.2B | 1.0B |
| Total Equity | 3.1B | 3.1B | 1.3B | 1.3B | 1.1B |
| 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 | 1.1B | 935.0M | 744.0M | 462.0M | 325.0M |
| Tax Refunds Received | 9.8M | 1.2M | 27.3M | 4.0M | 1.2M |
| Total Operating Cash Inflow | 1.2B | 1.1B | 955.0M | 604.0M | 500.0M |
| Cash Paid For Goods | 893.0M | 732.0M | 594.0M | 280.0M | 202.0M |
| Cash Paid To Employees | 122.0M | 107.0M | 98.3M | 84.1M | 55.8M |
| Taxes Paid | 14.8M | 32.9M | 16.4M | 10.9M | 13.9M |
| Total Operating Cash Outflow | 1.1B | 998.0M | 853.0M | 568.0M | 416.0M |
| Operating Cash Flow | 59.7M | 101.0M | 102.0M | 36.4M | 84.7M |
| Total Investing Cash Inflow | 2.6B | 127.0M | 200.0M | 147.0M | 333.0M |
| Total Investing Cash Outflow | 2.3B | 1.6B | 626.0M | 354.0M | 499.0M |
| Investing Cash Flow | 321.0M | -1.5B | -427.0M | -207.0M | -166.0M |
| Cash From Borrowings | 127.0M | 188.0M | 295.0M | 55.5M | 9.0M |
| Dividends And Interest Paid | 20.0M | 10.1M | 19.3M | 776,500 | 67,500 |
| Debt Repayments | 84.2M | 337.0M | 28.0M | 55.0M | -- |
| Total Financing Cash Inflow | 127.0M | 2.0B | 295.0M | 189.0M | 44.1M |
| Total Financing Cash Outflow | 106.0M | 349.0M | 49.1M | 57.4M | 67,500 |
| Financing Cash Flow | 21.4M | 1.7B | 246.0M | 132.0M | 44.0M |
| Net Change In Cash | 404.0M | 275.0M | -77.0M | -40.4M | -38.3M |
| Ending Cash Balance | 818.0M | 414.0M | 139.0M | 216.0M | 256.0M |
| Capex | 201.0M | 387.0M | 412.0M | 278.0M | 168.0M |