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 | 692.0M | 697.0M | 539.0M | 397.0M | 206.0M | 120.0M |
| Revenue Growth % | -0.7% | 29.3% | 35.8% | 92.7% | 71.7% | -- |
| Total Revenue | 692.0M | 697.0M | 539.0M | 397.0M | 206.0M | 120.0M |
| Cost Of Revenue | 516.0M | 479.0M | 352.0M | 271.0M | 140.0M | 80.9M |
| Gross Profit | 176.0M | 218.0M | 187.0M | 126.0M | 66.0M | 39.1M |
| Gross Margin % | 25.4% | 31.3% | 34.7% | 31.7% | 32.0% | 32.6% |
| Total Operating Cost | 725.0M | 629.0M | 473.0M | 360.0M | 200.0M | 150.0M |
| Selling Expenses | 22.7M | 20.2M | 18.8M | 15.6M | 11.2M | 11.5M |
| Admin Expenses | 40.9M | 29.6M | 29.2M | 23.4M | 15.9M | 15.4M |
| Rd Expenses | 92.6M | 69.4M | 48.0M | 31.3M | 22.7M | 17.8M |
| Finance Expenses | 3.8M | 291,900 | 287,900 | 2.7M | -14,000 | 2.4M |
| Operating Income | 18.7M | 102.0M | 99.2M | 44.5M | 11.2M | -22.7M |
| Operating Margin % | 2.7% | 14.6% | 18.4% | 11.2% | 5.5% | -18.9% |
| Non Operating Income | 26,900 | 1.5M | 1,000 | 26,600 | 285,100 | 22,500 |
| Non Operating Expenses | 888,000 | 354,800 | 116,600 | 435,900 | 103,800 | -- |
| Investment Income | 23.7M | 6.7M | 3.8M | 558,100 | -3.5M | 13,800 |
| Fair Value Change Income | 1.4M | 6.1M | 2.7M | 177,200 | 63,500 | 22,900 |
| Asset Disposal Income | -2,700 | 26,600 | 3.4M | -893,900 | -- | 54,100 |
| Asset Impairment Loss | 4.3M | 6.6M | 4.8M | 5.1M | 4.2M | 4.7M |
| Other Income | 27.0M | 20.8M | 23.1M | 8.1M | 8.7M | 7.2M |
| Income Before Tax | 17.9M | 103.0M | 99.1M | 44.1M | 11.4M | -22.7M |
| Income Tax | -16.8M | 2.1M | 5.2M | 1.9M | -446,900 | -7.8M |
| Net Income | 34.7M | 101.0M | 93.9M | 42.2M | 11.9M | -14.9M |
| Net Margin % | 5.0% | 14.5% | 17.4% | 10.6% | 5.8% | -12.4% |
| Net Income Attributable | 24.3M | 101.0M | 93.9M | 42.2M | 11.9M | -14.9M |
| Minority Interest | 10.4M | -1,800 | -- | -- | -- | -- |
| Eps Basic | 0.26 | 1.24 | 1.32 | 0.68 | 0.20 | -- |
| Eps Diluted | 0.26 | 1.24 | 1.32 | 0.68 | 0.20 | -- |
| 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 | 296.0M | 368.0M | 121.0M | 199.0M | 90.9M | 115.0M |
| Trading Financial Assets | 421.0M | 615.0M | 273.0M | 100.0M | 6.1M | 51.0M |
| Accounts Receivable | 362.0M | 274.0M | 183.0M | 115.0M | 52.1M | 85.7M |
| Notes Receivable | 55.0M | 33.2M | 22.0M | 44.9M | 5.3M | 29.6M |
| Notes And Accounts Receivable | 417.0M | 307.0M | 205.0M | 160.0M | 57.4M | 115.0M |
| Prepayments | 32.2M | 25.3M | 32.4M | 19.2M | 9.2M | 1.2M |
| Inventory | 583.0M | 404.0M | 425.0M | 236.0M | 279.0M | 194.0M |
| Total Current Assets | 2.1B | 1.8B | 1.2B | 827.0M | 578.0M | 517.0M |
| Long Term Equity Investment | 2.2M | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 112.0M | 99.0M | 57.0M | 3.3M | 2.8M |
| Fixed Assets Total | 212.0M | 112.0M | 99.0M | 57.0M | 3.3M | 2.8M |
| Construction In Progress | -- | 51.8M | 352,400 | 30.6M | 1.2M | 145,500 |
| Construction In Progress Total | 97.6M | 51.8M | 352,400 | 30.6M | 1.2M | 145,500 |
| Intangible Assets | 50.9M | 47.4M | 48.1M | 32.6M | 18.7M | 19.1M |
| Long Term Deferred Expenses | 5.9M | -- | -- | -- | 4.5M | 2.0M |
| Total Non Current Assets | 716.0M | 632.0M | 169.0M | 139.0M | 61.5M | 41.6M |
| Total Assets | 2.8B | 2.5B | 1.3B | 966.0M | 639.0M | 558.0M |
| Short Term Borrowings | 408.0M | 279.0M | 88.1M | 72.0M | 25.2M | 29.4M |
| Accounts Payable | 324.0M | 163.0M | 162.0M | 110.0M | 111.0M | 84.8M |
| Advance Receipts | -- | -- | -- | -- | -- | 180.0M |
| Contract Liabilities | 306.0M | 185.0M | 263.0M | 175.0M | 164.0M | -- |
| Total Current Liabilities | 1.2B | 798.0M | 718.0M | 478.0M | 408.0M | 337.0M |
| Long Term Borrowings | -- | -- | 47.0M | -- | -- | -- |
| Total Non Current Liabilities | 32.5M | 12.9M | 61.6M | 14.4M | 304,300 | 1.5M |
| Total Liabilities | 1.2B | 810.0M | 779.0M | 493.0M | 408.0M | 339.0M |
| Paid In Capital | 95.2M | 95.2M | 71.4M | 71.4M | 60.0M | 15.1M |
| Capital Reserve | 1.4B | 1.4B | 395.0M | 393.0M | 204.0M | 242.0M |
| Surplus Reserve | 13.9M | 13.4M | 7.3M | 1.8M | -- | 350,000 |
| Retained Earnings | 172.0M | 191.0M | 96.1M | 7.7M | -32.7M | -38.1M |
| Minority Equity | 15.7M | -1,800 | -- | -- | -- | -- |
| Equity Attributable | 1.6B | 1.7B | 570.0M | 473.0M | 231.0M | 219.0M |
| Total Equity | 1.6B | 1.7B | 570.0M | 473.0M | 231.0M | 219.0M |
| 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 |
|---|---|---|---|---|---|---|
| Cash From Sales | 497.0M | 457.0M | 501.0M | 323.0M | 165.0M | 78.5M |
| Tax Refunds Received | 430,100 | 4.9M | 1.9M | 3.2M | 2.1M | 4.3M |
| Total Operating Cash Inflow | 520.0M | 488.0M | 561.0M | 349.0M | 171.0M | 86.0M |
| Cash Paid For Goods | 390.0M | 295.0M | 293.0M | 211.0M | 171.0M | 32.2M |
| Cash Paid To Employees | 141.0M | 129.0M | 94.6M | 58.5M | 40.8M | 25.2M |
| Taxes Paid | 18.7M | 30.9M | 29.3M | 24.4M | 5.2M | 8.4M |
| Total Operating Cash Outflow | 622.0M | 525.0M | 506.0M | 329.0M | 243.0M | 91.9M |
| Operating Cash Flow | -102.0M | -37.3M | 54.9M | 20.3M | -71.8M | -5.8M |
| Total Investing Cash Inflow | 1.9B | 1.0B | 584.0M | 56.8M | 270.0M | 19,200 |
| Total Investing Cash Outflow | 1.9B | 1.8B | 803.0M | 218.0M | 247.0M | 71.1M |
| Investing Cash Flow | 50.1M | -806.0M | -219.0M | -161.0M | 23.0M | -71.1M |
| Cash From Borrowings | 57.4M | 70.0M | 148.0M | 85.0M | 25.2M | 37.0M |
| Dividends And Interest Paid | 45.2M | 2.7M | 1.7M | 3.6M | 942,100 | 2.5M |
| Debt Repayments | 40.0M | 167.0M | 68.8M | 40.2M | 19.0M | 27.0M |
| Total Financing Cash Inflow | 503.0M | 1.3B | 148.0M | 287.0M | 25.2M | 187.0M |
| Total Financing Cash Outflow | 521.0M | 308.0M | 72.1M | 55.8M | 19.9M | 29.5M |
| Financing Cash Flow | -18.5M | 1.0B | 75.9M | 231.0M | 5.3M | 158.0M |
| Net Change In Cash | -70.2M | 179.0M | -88.0M | 89.7M | -43.5M | 80.6M |
| Ending Cash Balance | 170.0M | 241.0M | 61.6M | 150.0M | 60.0M | 103.0M |
| Capex | 124.0M | 85.6M | 53.0M | 68.3M | 23.0M | 20.1M |