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 | 6.4B | 5.5B | 3.8B | 1.7B | 657.0M | 729.0M | 616.0M | 425.0M | 257.0M |
| Revenue Growth % | 15.4% | 44.1% | 126.1% | 158.0% | -9.9% | 18.3% | 44.9% | 65.4% | -- |
| Total Revenue | 6.4B | 5.5B | 3.8B | 1.7B | 657.0M | 729.0M | 616.0M | 425.0M | 257.0M |
| Cost Of Revenue | 5.3B | 4.5B | 3.1B | 1.3B | 486.0M | 548.0M | 434.0M | 308.0M | 182.0M |
| Gross Profit | 1.1B | 1.0B | 757.0M | 371.0M | 171.0M | 181.0M | 182.0M | 117.0M | 75.0M |
| Gross Margin % | 17.6% | 18.5% | 19.7% | 21.9% | 26.0% | 24.8% | 29.5% | 27.5% | 29.2% |
| Total Operating Cost | 6.0B | 5.0B | 3.6B | 1.6B | 660.0M | 696.0M | 552.0M | 411.0M | 233.0M |
| Selling Expenses | 75.9M | 53.5M | 87.2M | 47.2M | 27.9M | 26.5M | 21.1M | 13.0M | 8.4M |
| Admin Expenses | 171.0M | 136.0M | 95.7M | 76.2M | 52.4M | 41.5M | 32.4M | 41.6M | 10.2M |
| Rd Expenses | 385.0M | 269.0M | 191.0M | 146.0M | 76.6M | 64.1M | 57.0M | 41.4M | 26.2M |
| Finance Expenses | 2.0M | 667,300 | 31.8M | 3.2M | 506,100 | 4.0M | 1.4M | 160,500 | 1.4M |
| Operating Income | 498.0M | 554.0M | 333.0M | 105.0M | 21.0M | 47.7M | 74.2M | 22.6M | 23.7M |
| Operating Margin % | 7.8% | 10.0% | 8.7% | 6.2% | 3.2% | 6.5% | 12.0% | 5.3% | 9.2% |
| Non Operating Income | 279,900 | 854,200 | 233,000 | 232,100 | 308,700 | -- | 452,300 | 397,300 | 4.0M |
| Non Operating Expenses | 349,900 | 1.5M | 679,700 | 735,400 | 212,500 | 172,300 | 286,300 | 458,200 | 100,900 |
| Investment Income | 3.9M | -4.0M | -817,000 | -1.0M | -1.5M | -1.2M | -25,300 | 1,973 | 76,700 |
| Fair Value Change Income | 12.0M | 3.0M | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 386,200 | -18.7M | -287,500 | -31,200 | -- | -- | -27,600 | 10,700 | -- |
| Asset Impairment Loss | 22.2M | 21.2M | 31.5M | 13.6M | 7.5M | 4.6M | 3.6M | 4.9M | 3.0M |
| Other Income | 85.9M | 84.3M | 55.3M | 38.0M | 24.8M | 16.5M | 10.5M | 8.0M | -- |
| Income Before Tax | 498.0M | 554.0M | 332.0M | 104.0M | 21.1M | 47.6M | 74.3M | 22.5M | 27.6M |
| Income Tax | 85.9M | 52.1M | 38.5M | 32.7M | 15.6M | 13.4M | 5.8M | 6.1M | 3.2M |
| Net Income | 412.0M | 502.0M | 294.0M | 71.4M | 5.5M | 34.1M | 68.5M | 16.4M | 24.3M |
| Net Margin % | 6.5% | 9.1% | 7.7% | 4.2% | 0.8% | 4.7% | 11.1% | 3.8% | 9.5% |
| Net Income Attributable | 400.0M | 502.0M | 295.0M | 75.0M | 5.5M | 34.1M | 68.5M | 16.4M | 24.3M |
| Minority Interest | 11.6M | -699,400 | -985,400 | -3.7M | -- | -- | -- | -- | -- |
| Eps Basic | 0.95 | 1.27 | 0.78 | 0.21 | 0.02 | 0.09 | 0.19 | -- | -- |
| Eps Diluted | 0.95 | 1.27 | 0.78 | 0.21 | 0.02 | 0.09 | 0.19 | -- | -- |
| 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 | 1.6B | 1.6B | 533.0M | 277.0M | 145.0M | 126.0M | 145.0M | 49.7M | 15.7M |
| Trading Financial Assets | 1.4B | 1.1B | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.7B | 1.4B | 934.0M | 393.0M | 239.0M | 239.0M | 200.0M | 142.0M | 68.8M |
| Notes Receivable | 230.0M | 316.0M | 247.0M | 127.0M | 21.4M | 14.3M | 27.5M | 35.4M | -- |
| Notes And Accounts Receivable | 1.9B | 1.7B | 1.2B | 520.0M | 260.0M | 254.0M | 227.0M | 177.0M | 68.8M |
| Prepayments | 11.8M | 38.8M | 14.4M | 31.1M | 3.3M | 8.8M | 2.4M | 1.8M | 727,500 |
| Inventory | 886.0M | 1.2B | 1.0B | 524.0M | 189.0M | 132.0M | 166.0M | 87.9M | 41.0M |
| Total Current Assets | 6.1B | 5.9B | 3.1B | 1.8B | 747.0M | 618.0M | 550.0M | 324.0M | 142.0M |
| Long Term Equity Investment | 114.0M | 104.0M | 115.0M | 97.2M | 60.8M | 59.9M | 474,700 | -- | -- |
| Fixed Assets | -- | 906.0M | 485.0M | 309.0M | 116.0M | 100.0M | -- | -- | -- |
| Fixed Assets Total | 1.1B | 906.0M | 485.0M | 309.0M | 116.0M | 100.0M | 48.6M | 21.9M | 17.0M |
| Construction In Progress | -- | 60.7M | 144.0M | 3.7M | 107.0M | 42.2M | -- | -- | -- |
| Construction In Progress Total | 132.0M | 60.7M | 144.0M | 3.7M | 107.0M | 42.2M | 11.1M | 4.6M | -- |
| Intangible Assets | 75.9M | 78.4M | 61.8M | 55.5M | 43.4M | 39.4M | 28.5M | 26.5M | 27.1M |
| Long Term Deferred Expenses | 26.4M | 41.7M | 28.0M | 6.8M | 3.8M | 6.5M | 2.6M | 1.1M | 361,200 |
| Total Non Current Assets | 1.5B | 1.4B | 963.0M | 544.0M | 344.0M | 268.0M | 136.0M | 62.2M | 47.9M |
| Total Assets | 7.7B | 7.2B | 4.1B | 2.3B | 1.1B | 887.0M | 685.0M | 386.0M | 190.0M |
| Short Term Borrowings | 289.0M | 324.0M | 234.0M | 74.9M | 81.1M | 43.4M | 9.2M | 19.9M | 25.0M |
| Accounts Payable | 2.0B | 1.9B | 1.6B | 793.0M | 295.0M | 185.0M | 184.0M | 131.0M | 50.1M |
| Advance Receipts | -- | -- | -- | -- | -- | 4.0M | 192,500 | -- | -- |
| Contract Liabilities | 131.0M | 109.0M | 104.0M | 40.8M | 14.7M | -- | -- | -- | -- |
| Total Current Liabilities | 4.0B | 3.5B | 2.7B | 1.4B | 576.0M | 448.0M | 352.0M | 232.0M | 110.0M |
| Long Term Borrowings | 205.0M | 243.0M | 249.0M | 154.0M | 87.2M | 24.7M | -- | -- | -- |
| Total Non Current Liabilities | 370.0M | 354.0M | 343.0M | 204.0M | 113.0M | 47.8M | 17.5M | 11.8M | 8.3M |
| Total Liabilities | 4.4B | 3.8B | 3.0B | 1.6B | 689.0M | 496.0M | 369.0M | 244.0M | 118.0M |
| Paid In Capital | 421.0M | 421.0M | 379.0M | 379.0M | 364.0M | 364.0M | 78.3M | 22.9M | 20.0M |
| Capital Reserve | 2.1B | 2.1B | 261.0M | 254.0M | 16.8M | 10.5M | 166.0M | 51.0M | -- |
| Surplus Reserve | 132.0M | 99.3M | 34.6M | 18.6M | 6.3M | 6.3M | 584,700 | 5.6M | 3.0M |
| Retained Earnings | 669.0M | 794.0M | 357.0M | 77.9M | 15.2M | 9.7M | 71.2M | 62.4M | 48.7M |
| Minority Equity | 2.4M | 16.2M | 17.0M | 4.7M | -- | -- | -- | -- | -- |
| Equity Attributable | 3.3B | 3.4B | 1.0B | 729.0M | 402.0M | 391.0M | 316.0M | 142.0M | 71.7M |
| Total Equity | 3.3B | 3.4B | 1.0B | 734.0M | 402.0M | 391.0M | 316.0M | 142.0M | 71.7M |
| 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 | 5.1B | 3.8B | 2.3B | 998.0M | 555.0M | 617.0M | 517.0M | 309.0M | 254.0M |
| Tax Refunds Received | 33.9M | 83.7M | 71.8M | 37.1M | 7.2M | 13.3M | 8.5M | 2.3M | 2.6M |
| Total Operating Cash Inflow | 5.3B | 4.0B | 2.5B | 1.1B | 585.0M | 651.0M | 534.0M | 320.0M | 259.0M |
| Cash Paid For Goods | 2.9B | 2.3B | 1.8B | 545.0M | 332.0M | 413.0M | 352.0M | 211.0M | 169.0M |
| Cash Paid To Employees | 707.0M | 541.0M | 367.0M | 204.0M | 119.0M | 117.0M | 71.6M | 50.8M | 33.5M |
| Taxes Paid | 220.0M | 127.0M | 112.0M | 68.4M | 30.8M | 40.3M | 27.4M | 19.3M | 17.0M |
| Total Operating Cash Outflow | 4.3B | 3.3B | 2.4B | 909.0M | 543.0M | 646.0M | 503.0M | 316.0M | 246.0M |
| Operating Cash Flow | 1.0B | 727.0M | 96.3M | 155.0M | 41.9M | 4.5M | 30.7M | 4.2M | 13.5M |
| Total Investing Cash Inflow | 1.3B | 95.8M | 149.0M | 13.5M | -- | -- | -- | 12.0M | 10.1M |
| Total Investing Cash Outflow | 2.2B | 1.8B | 472.0M | 329.0M | 85.9M | 148.0M | 64.3M | 11.4M | 40.6M |
| Investing Cash Flow | -846.0M | -1.7B | -323.0M | -316.0M | -85.9M | -148.0M | -64.3M | 607,500 | -30.6M |
| Cash From Borrowings | 270.0M | 545.0M | 439.0M | 275.0M | 153.0M | 115.0M | 10.0M | 31.1M | 31.0M |
| Dividends And Interest Paid | 363.0M | 15.2M | 14.2M | 10.5M | 5.5M | 2.4M | 25.3M | 276,200 | 1.4M |
| Debt Repayments | 257.0M | 425.0M | 184.0M | 215.0M | 53.4M | 55.9M | 20.6M | 36.2M | 15.7M |
| Total Financing Cash Inflow | 270.0M | 2.4B | 444.0M | 520.0M | 153.0M | 171.0M | 134.0M | 57.5M | 31.0M |
| Total Financing Cash Outflow | 748.0M | 511.0M | 214.0M | 233.0M | 60.3M | 60.2M | 46.7M | 36.5M | 17.1M |
| Financing Cash Flow | -479.0M | 1.9B | 230.0M | 287.0M | 93.2M | 111.0M | 87.5M | 21.0M | 13.9M |
| Net Change In Cash | -291.0M | 944.0M | 2.6M | 125.0M | 49.1M | -32.6M | 53.8M | 25.8M | -3.2M |
| Ending Cash Balance | 883.0M | 1.2B | 230.0M | 228.0M | 102.0M | 53.1M | 85.6M | 31.8M | 6.0M |
| Capex | 269.0M | 518.0M | 367.0M | 132.0M | 83.7M | 87.0M | 63.8M | 11.4M | 18.6M |