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 | FY 2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.5B | 4.8B | 4.1B | 2.0B | 1.3B | 1.0B | 801.0M | 638.0M | 298.0M |
| Revenue Growth % | -5.8% | 17.1% | 106.9% | 50.2% | 28.1% | 28.7% | 25.5% | 114.1% | -- |
| Total Revenue | 4.5B | 4.8B | 4.1B | 2.0B | 1.3B | 1.0B | 801.0M | 638.0M | 298.0M |
| Cost Of Revenue | 3.6B | 3.5B | 2.9B | 1.5B | 925.0M | 657.0M | 525.0M | 449.0M | 197.0M |
| Gross Profit | 963.0M | 1.3B | 1.3B | 494.0M | 396.0M | 374.0M | 276.0M | 189.0M | 101.0M |
| Gross Margin % | 21.3% | 27.7% | 30.5% | 24.9% | 30.0% | 36.3% | 34.5% | 29.6% | 33.9% |
| Total Operating Cost | 4.9B | 4.7B | 3.9B | 1.9B | 1.3B | 947.0M | 750.0M | 623.0M | 291.0M |
| Selling Expenses | 178.0M | 172.0M | 198.0M | 120.0M | 104.0M | 89.7M | 73.2M | 47.4M | 16.8M |
| Admin Expenses | 286.0M | 275.0M | 199.0M | 104.0M | 67.4M | 72.0M | 45.1M | 50.7M | 42.7M |
| Rd Expenses | 476.0M | 540.0M | 412.0M | 158.0M | 107.0M | 88.3M | 82.5M | 48.5M | 28.8M |
| Finance Expenses | 58.0M | 952,400 | 26.6M | 12.2M | 18.2M | 6.4M | 3.4M | 5.0M | 2.0M |
| Operating Income | -200.0M | 293.0M | 398.0M | 113.0M | 83.2M | 177.0M | 96.8M | 16.6M | 5.8M |
| Operating Margin % | -4.4% | 6.1% | 9.7% | 5.7% | 6.3% | 17.2% | 12.1% | 2.6% | 1.9% |
| Non Operating Income | 2.7M | 1.2M | 1.6M | 646,700 | 753,200 | 326,200 | 170,700 | 875,700 | 8.0M |
| Non Operating Expenses | 10.7M | 1.7M | 5.3M | 1.8M | 1.8M | 418,600 | 185,100 | 240,300 | 43,000 |
| Investment Income | 7.0M | -766,300 | 2.1M | 5.4M | 950,700 | -49,600 | -54,500 | -382,400 | -990,800 |
| Fair Value Change Income | 232,800 | -- | 65,800 | 3.2M | 606,200 | -- | -- | -- | -- |
| Asset Disposal Income | 155,800 | -73,500 | 520,300 | 3,800 | -93,800 | -35,600 | -- | 100.00 | -- |
| Asset Impairment Loss | 265.0M | 89.2M | 96.9M | 17.9M | 6.5M | 5.5M | 17.2M | 15.5M | 2.0M |
| Other Income | 155.0M | 174.0M | 185.0M | 56.9M | 38.3M | 93.4M | 46.5M | 2.5M | -- |
| Income Before Tax | -208.0M | 292.0M | 394.0M | 112.0M | 82.2M | 177.0M | 96.8M | 17.2M | 13.7M |
| Income Tax | -31.3M | -28.2M | 18.9M | 3.2M | 4.8M | 31.6M | 13.5M | 466,100 | 5.5M |
| Net Income | -177.0M | 320.0M | 375.0M | 109.0M | 77.4M | 145.0M | 83.3M | 16.8M | 8.2M |
| Net Margin % | -3.9% | 6.7% | 9.1% | 5.5% | 5.9% | 14.1% | 10.4% | 2.6% | 2.8% |
| Net Income Attributable | -163.0M | 322.0M | 380.0M | 109.0M | 77.4M | 146.0M | 83.3M | 16.8M | 8.9M |
| Minority Interest | -13.8M | -1.5M | -4.9M | -245,100 | -- | -150,500 | -39,900 | -- | -621,500 |
| Eps Basic | -0.76 | 1.60 | 1.90 | 0.55 | 0.48 | 0.97 | 0.56 | 0.11 | -- |
| Eps Diluted | -0.75 | 1.59 | 1.85 | 0.54 | 0.48 | 0.97 | 0.56 | 0.11 | -- |
| 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 | FY 2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 1.7B | 1.1B | 1.6B | 921.0M | 781.0M | 245.0M | 178.0M | 189.0M | 40.3M |
| Trading Financial Assets | 210.0M | 62.8M | 120.0M | 163.0M | 221.0M | -- | -- | -- | -- |
| Accounts Receivable | 1.8B | 1.5B | 1.1B | 667.0M | 494.0M | 417.0M | 438.0M | 269.0M | 107.0M |
| Notes Receivable | 72.8M | 75.8M | 116.0M | 48.9M | 56.4M | 50.7M | 53.1M | 95.0M | 19.3M |
| Notes And Accounts Receivable | 1.9B | 1.6B | 1.2B | 716.0M | 551.0M | 467.0M | 491.0M | 364.0M | 126.0M |
| Prepayments | 152.0M | 76.5M | 157.0M | 301.0M | 27.3M | 16.2M | 20.7M | 22.9M | 7.7M |
| Inventory | 4.0B | 4.9B | 3.4B | 1.9B | 905.0M | 643.0M | 390.0M | 253.0M | 134.0M |
| Total Current Assets | 8.7B | 8.6B | 7.2B | 4.3B | 2.7B | 1.5B | 1.1B | 848.0M | 312.0M |
| Long Term Equity Investment | 92.9M | 75.7M | 29.9M | 29.5M | 1.7M | 748,000 | 797,600 | 852,100 | 1.2M |
| Fixed Assets | -- | 1.3B | 1.1B | 633.0M | -- | 150.0M | 22.3M | 14.6M | -- |
| Fixed Assets Total | 1.8B | 1.3B | 1.1B | 633.0M | 344.0M | 150.0M | 22.3M | 14.6M | 6.9M |
| Construction In Progress | -- | 325.0M | 117.0M | 345.0M | -- | 399.0M | 255.0M | 445,300 | -- |
| Construction In Progress Total | 50.0M | 325.0M | 117.0M | 345.0M | 391.0M | 399.0M | 255.0M | 445,300 | -- |
| Intangible Assets | 265.0M | 210.0M | 155.0M | 158.0M | 117.0M | 118.0M | 120.0M | 33.6M | 113,600 |
| Long Term Deferred Expenses | 44.4M | 53.7M | 53.3M | 57.4M | 7.1M | 3.5M | 1.9M | 3.4M | 5.0M |
| Total Non Current Assets | 2.8B | 2.3B | 1.7B | 1.3B | 888.0M | 701.0M | 443.0M | 78.3M | 15.0M |
| Total Assets | 11.5B | 10.9B | 8.9B | 5.6B | 3.6B | 2.2B | 1.6B | 926.0M | 327.0M |
| Short Term Borrowings | 2.9B | 2.0B | 979.0M | 280.0M | 196.0M | 120.0M | 84.2M | 10.0M | 62.3M |
| Accounts Payable | 1.5B | 1.7B | 1.6B | 858.0M | 411.0M | 458.0M | 286.0M | 148.0M | 68.6M |
| Advance Receipts | -- | -- | -- | -- | -- | 244.0M | 123.0M | 62.0M | 40.1M |
| Contract Liabilities | 2.2B | 2.8B | 2.5B | 1.5B | 496.0M | -- | -- | -- | -- |
| Total Current Liabilities | 7.3B | 8.0B | 6.5B | 3.7B | 1.8B | 969.0M | 666.0M | 327.0M | 197.0M |
| Long Term Borrowings | 824.0M | 405.0M | 199.0M | 287.0M | 391.0M | 479.0M | 283.0M | 119.0M | -- |
| Total Non Current Liabilities | 950.0M | 549.0M | 327.0M | 396.0M | 456.0M | 541.0M | 389.0M | 175.0M | 5.0M |
| Total Liabilities | 8.3B | 8.5B | 6.8B | 4.1B | 2.2B | 1.5B | 1.1B | 502.0M | 202.0M |
| Paid In Capital | 247.0M | 204.0M | 202.0M | 200.0M | 200.0M | 150.0M | 150.0M | 150.0M | 5.7M |
| Capital Reserve | 2.2B | 1.1B | 992.0M | 872.0M | 825.0M | 225.0M | 224.0M | 224.0M | 202.0M |
| Surplus Reserve | 55.6M | 55.6M | 39.5M | 26.8M | 23.6M | 16.4M | 9.5M | 6.4M | 1.7M |
| Retained Earnings | 888.0M | 1.1B | 806.0M | 439.0M | 333.0M | 262.0M | 124.0M | 43.8M | -83.9M |
| Minority Equity | -8.6M | -2.3M | -1.3M | -245,100 | -- | -- | -39,900 | -- | -- |
| Equity Attributable | 3.2B | 2.3B | 2.0B | 1.5B | 1.4B | 654.0M | 507.0M | 424.0M | 125.0M |
| Total Equity | 3.2B | 2.3B | 2.0B | 1.5B | 1.4B | 654.0M | 507.0M | 424.0M | 125.0M |
| 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 | FY 2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 3.7B | 4.8B | 4.6B | 3.0B | 1.5B | 1.2B | 773.0M | 457.0M | 285.0M |
| Tax Refunds Received | 103.0M | 114.0M | 84.5M | 26.9M | 23.9M | 27.4M | 8.3M | 1.7M | 2.0M |
| Total Operating Cash Inflow | 4.0B | 5.1B | 4.8B | 3.1B | 1.5B | 1.3B | 879.0M | 521.0M | 292.0M |
| Cash Paid For Goods | 2.8B | 4.0B | 2.7B | 1.9B | 742.0M | 730.0M | 526.0M | 413.0M | 280.0M |
| Cash Paid To Employees | 1.4B | 1.4B | 941.0M | 485.0M | 357.0M | 265.0M | 197.0M | 130.0M | 60.3M |
| Taxes Paid | 203.0M | 381.0M | 274.0M | 115.0M | 79.5M | 101.0M | 47.7M | 53.9M | 13.3M |
| Total Operating Cash Outflow | 4.7B | 6.1B | 4.3B | 2.6B | 1.3B | 1.2B | 885.0M | 661.0M | 387.0M |
| Operating Cash Flow | -712.0M | -993.0M | 489.0M | 487.0M | 196.0M | 141.0M | -6.0M | -140.0M | -95.0M |
| Total Investing Cash Inflow | 1.6B | 1.0B | 559.0M | 1.3B | 306.0M | 1.0M | 76,600 | -- | -- |
| Total Investing Cash Outflow | 2.3B | 1.6B | 931.0M | 1.6B | 810.0M | 259.0M | 285.0M | 49.5M | 13.6M |
| Investing Cash Flow | -685.0M | -524.0M | -373.0M | -298.0M | -504.0M | -258.0M | -285.0M | -49.5M | -13.6M |
| Cash From Borrowings | 872.0M | 771.0M | 1.1B | 300.0M | 339.0M | 394.0M | 316.0M | 146.0M | 92.7M |
| Dividends And Interest Paid | 85.5M | 94.7M | 30.7M | 9.7M | 17.2M | 27.9M | 12.0M | 4.6M | 1.5M |
| Debt Repayments | 638.0M | 513.0M | 496.0M | 361.0M | 188.0M | 166.0M | 69.1M | 79.3M | 45.4M |
| Total Financing Cash Inflow | 5.2B | 3.3B | 1.1B | 300.0M | 1.0B | 394.0M | 316.0M | 413.0M | 188.0M |
| Total Financing Cash Outflow | 3.1B | 2.3B | 902.0M | 381.0M | 235.0M | 194.0M | 81.1M | 84.3M | 57.5M |
| Financing Cash Flow | 2.0B | 974.0M | 229.0M | -81.3M | 783.0M | 200.0M | 235.0M | 329.0M | 131.0M |
| Net Change In Cash | 632.0M | -540.0M | 351.0M | 107.0M | 468.0M | 83.3M | -54.0M | 139.0M | 22.8M |
| Ending Cash Balance | 1.2B | 593.0M | 1.1B | 782.0M | 675.0M | 207.0M | 124.0M | 178.0M | 38.8M |
| Capex | 410.0M | 508.0M | 314.0M | 337.0M | 283.0M | 259.0M | 285.0M | 49.5M | 11.0M |