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 | 1.0B | 742.0M | 664.0M | 501.0M | 349.0M | 231.0M |
| Revenue Growth % | 38.3% | 11.7% | 32.5% | 43.6% | 51.1% | -- |
| Total Revenue | 1.0B | 742.0M | 664.0M | 501.0M | 349.0M | 231.0M |
| Cost Of Revenue | 690.0M | 501.0M | 401.0M | 311.0M | 246.0M | 167.0M |
| Gross Profit | 336.0M | 241.0M | 263.0M | 190.0M | 103.0M | 64.0M |
| Gross Margin % | 32.7% | 32.5% | 39.6% | 37.9% | 29.5% | 27.7% |
| Total Operating Cost | 934.0M | 672.0M | 593.0M | 446.0M | 351.0M | 269.0M |
| Selling Expenses | 61.4M | 43.7M | 67.3M | 45.2M | 40.4M | 51.4M |
| Admin Expenses | 65.8M | 59.2M | 51.3M | 46.4M | 27.7M | 22.7M |
| Rd Expenses | 94.1M | 61.5M | 48.4M | 32.8M | 23.7M | 21.8M |
| Finance Expenses | -9.2M | -2.5M | 2.3M | 3.4M | 3.8M | 2.9M |
| Operating Income | 168.0M | 124.0M | 101.0M | 65.9M | 8.5M | -34.4M |
| Operating Margin % | 16.4% | 16.7% | 15.2% | 13.2% | 2.4% | -14.9% |
| Non Operating Income | 19,400 | 9.6M | 96.00 | 179,200 | 114,000 | 336,500 |
| Non Operating Expenses | 586,100 | 3,400 | 34.00 | 228,500 | 5,000 | 3,800 |
| Investment Income | 13.4M | -- | -- | -- | -- | -- |
| Fair Value Change Income | 7.1M | 66,300 | -- | -- | -- | -- |
| Asset Disposal Income | -35,100 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 14.6M | 5.5M | 9.4M | 5.2M | 3.5M | 2.3M |
| Other Income | 55.9M | 53.3M | 30.3M | 10.7M | 10.4M | 3.4M |
| Income Before Tax | 168.0M | 133.0M | 101.0M | 65.9M | 8.6M | -34.0M |
| Income Tax | 14.9M | 14.1M | 9.9M | 7.1M | 2.3M | -4.7M |
| Net Income | 153.0M | 119.0M | 91.1M | 58.8M | 6.3M | -29.3M |
| Net Margin % | 14.9% | 16.0% | 13.7% | 11.7% | 1.8% | -12.7% |
| Net Income Attributable | 153.0M | 119.0M | 91.1M | 58.8M | 6.3M | -29.3M |
| Eps Basic | 0.91 | 0.92 | 0.72 | 0.49 | 0.06 | -0.28 |
| Eps Diluted | 0.91 | 0.92 | 0.72 | 0.49 | -- | -0.28 |
| 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 | 525.0M | 1.3B | 304.0M | 263.0M | 76.8M | 16.4M |
| Trading Financial Assets | 849.0M | 300.0M | -- | -- | -- | -- |
| Accounts Receivable | 377.0M | 219.0M | 201.0M | 187.0M | 148.0M | 40.9M |
| Notes Receivable | 4.1M | 2.2M | 11.2M | 2.3M | 2.4M | 650,000 |
| Notes And Accounts Receivable | 381.0M | 221.0M | 212.0M | 190.0M | 151.0M | 41.5M |
| Prepayments | 13.0M | 15.0M | 8.4M | 9.2M | 4.8M | 7.4M |
| Inventory | 2.0B | 957.0M | 699.0M | 364.0M | 149.0M | 105.0M |
| Total Current Assets | 3.8B | 2.8B | 1.2B | 850.0M | 409.0M | 221.0M |
| Fixed Assets | -- | 16.0M | 10.8M | 7.0M | 7.3M | 5.7M |
| Fixed Assets Total | 35.6M | 16.0M | 10.8M | 7.0M | 7.3M | 5.7M |
| Construction In Progress | -- | 177,100 | -- | -- | -- | -- |
| Construction In Progress Total | 59.9M | 177,100 | -- | -- | -- | -- |
| Intangible Assets | 35.2M | 3.4M | 4.7M | 5.2M | 6.8M | 8.4M |
| Long Term Deferred Expenses | 18.9M | 6.2M | 4.1M | 6.4M | 2.3M | 3.1M |
| Total Non Current Assets | 222.0M | 81.4M | 75.1M | 53.9M | 35.8M | 31.1M |
| Total Assets | 4.0B | 2.9B | 1.3B | 904.0M | 445.0M | 252.0M |
| Short Term Borrowings | -- | 10.4M | 120.0M | 74.6M | 40.1M | 70.1M |
| Accounts Payable | 813.0M | 294.0M | 196.0M | 198.0M | 84.4M | 65.6M |
| Advance Receipts | -- | -- | -- | -- | -- | 4.3M |
| Contract Liabilities | 739.0M | 409.0M | 320.0M | 84.2M | 4.2M | -- |
| Total Current Liabilities | 1.9B | 846.0M | 690.0M | 398.0M | 154.0M | 149.0M |
| Total Non Current Liabilities | 102.0M | 80.9M | 82.9M | 49.1M | 42.8M | 32.8M |
| Total Liabilities | 2.0B | 927.0M | 773.0M | 447.0M | 197.0M | 182.0M |
| Paid In Capital | 168.0M | 168.0M | 126.0M | 126.0M | 120.0M | 105.0M |
| Capital Reserve | 1.5B | 1.5B | 282.0M | 282.0M | 193.0M | 35.7M |
| Surplus Reserve | 28.9M | 18.7M | 9.1M | 1.4M | 1.5M | 1.5M |
| Retained Earnings | 370.0M | 240.0M | 131.0M | 47.2M | -66.3M | -72.7M |
| Equity Attributable | 2.1B | 1.9B | 548.0M | 457.0M | 248.0M | 69.6M |
| Total Equity | 2.1B | 1.9B | 548.0M | 457.0M | 248.0M | 69.6M |
| 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 | 1.4B | 937.0M | 992.0M | 650.0M | 298.0M | 280.0M |
| Tax Refunds Received | 30.0M | 25.8M | 21.3M | 8.5M | 6.3M | 4.3M |
| Total Operating Cash Inflow | 1.5B | 1.0B | 1.1B | 666.0M | 313.0M | 289.0M |
| Cash Paid For Goods | 1.1B | 702.0M | 847.0M | 515.0M | 331.0M | 230.0M |
| Cash Paid To Employees | 200.0M | 142.0M | 110.0M | 79.1M | 55.3M | 53.5M |
| Taxes Paid | 83.7M | 55.8M | 56.7M | 20.8M | 10.8M | 6.7M |
| Total Operating Cash Outflow | 1.5B | 959.0M | 1.0B | 643.0M | 419.0M | 313.0M |
| Operating Cash Flow | -293,200 | 41.1M | 3.4M | 22.3M | -106.0M | -24.4M |
| Total Investing Cash Inflow | 14.3M | -- | -- | -- | -- | -- |
| Total Investing Cash Outflow | 662.0M | 329.0M | 12.4M | 10.3M | 2.3M | 7.3M |
| Investing Cash Flow | -648.0M | -329.0M | -12.4M | -10.3M | -2.3M | -7.3M |
| Cash From Borrowings | 94.2M | 130.0M | 134.0M | 74.5M | 40.0M | 70.0M |
| Dividends And Interest Paid | 12.6M | 2.2M | 3.2M | 1.7M | 3.1M | 10.8M |
| Debt Repayments | 145.0M | 170.0M | 89.5M | 40.0M | 70.0M | 35.0M |
| Total Financing Cash Inflow | 94.2M | 1.4B | 149.0M | 225.0M | 670.0M | 310.0M |
| Total Financing Cash Outflow | 172.0M | 182.0M | 103.0M | 50.1M | 501.0M | 313.0M |
| Financing Cash Flow | -77.3M | 1.2B | 46.4M | 175.0M | 169.0M | -3.1M |
| Net Change In Cash | -725.0M | 947.0M | 40.9M | 186.0M | 60.4M | -34.9M |
| Ending Cash Balance | 525.0M | 1.3B | 304.0M | 263.0M | 76.2M | 15.8M |
| Capex | 120.0M | 29.3M | 8.7M | 10.3M | 2.3M | 2.3M |