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 | 957.0M | 981.0M | 769.0M | 530.0M | 279.0M | 155.0M |
| Revenue Growth % | -2.4% | 27.6% | 45.1% | 90.0% | 80.0% | -- |
| Total Revenue | 957.0M | 981.0M | 769.0M | 530.0M | 279.0M | 155.0M |
| Cost Of Revenue | 222.0M | 227.0M | 137.0M | 92.3M | 57.1M | 35.6M |
| Gross Profit | 735.0M | 754.0M | 632.0M | 437.7M | 221.9M | 119.4M |
| Gross Margin % | 76.8% | 76.9% | 82.2% | 82.6% | 79.5% | 77.0% |
| Total Operating Cost | 387.0M | 381.0M | 243.0M | 319.0M | 128.0M | 70.8M |
| Selling Expenses | 8.7M | 8.1M | 5.8M | 4.9M | 2.7M | 3.9M |
| Admin Expenses | 41.5M | 34.6M | 30.5M | 174.0M | 34.1M | 12.4M |
| Rd Expenses | 87.6M | 86.9M | 44.1M | 32.8M | 21.3M | 12.4M |
| Finance Expenses | -10.1M | -5.9M | -3.4M | -922,300 | -240,800 | -2,900 |
| Operating Income | 595.0M | 646.0M | 559.0M | 220.0M | 159.0M | 87.3M |
| Operating Margin % | 62.2% | 65.9% | 72.7% | 41.5% | 57.0% | 56.3% |
| Non Operating Income | 107,100 | 3.5M | 103,800 | 70,900 | 3,400 | 6,200 |
| Non Operating Expenses | 265,000 | 34,700 | 256,800 | 61,300 | 9,500 | 131,500 |
| Investment Income | -- | 209,600 | 550,800 | 1.1M | 3.4M | 1.5M |
| Fair Value Change Income | -- | -- | -- | -- | -- | 856,400 |
| Asset Disposal Income | -- | 8.3M | -- | -- | -- | -- |
| Asset Impairment Loss | 3.9M | 1.3M | 1.1M | 1.7M | 523,300 | 657,000 |
| Other Income | 25.0M | 37.6M | 32.7M | 8.0M | 3.7M | 944,100 |
| Income Before Tax | 595.0M | 649.0M | 559.0M | 220.0M | 159.0M | 87.2M |
| Income Tax | 77.6M | 85.7M | 75.1M | 53.1M | 24.1M | 12.7M |
| Net Income | 517.0M | 564.0M | 484.0M | 167.0M | 135.0M | 74.5M |
| Net Margin % | 54.0% | 57.5% | 62.9% | 31.5% | 48.4% | 48.1% |
| Net Income Attributable | 517.0M | 564.0M | 484.0M | 167.0M | 135.0M | 74.5M |
| Eps Basic | 1.42 | 1.57 | 1.34 | 0.46 | 0.40 | 0.22 |
| Eps Diluted | 1.42 | 1.57 | 1.34 | 0.46 | 0.40 | 0.22 |
| 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 | 1.9B | 592.0M | 336.0M | 331.0M | 185.0M | 19.3M |
| Trading Financial Assets | -- | -- | -- | -- | -- | 108.0M |
| Accounts Receivable | 900.0M | 539.0M | 350.0M | 206.0M | 211.0M | 87.1M |
| Notes Receivable | 192.0M | 391.0M | 290.0M | 129.0M | 10.9M | 10.3M |
| Notes And Accounts Receivable | 1.1B | 929.0M | 640.0M | 335.0M | 221.0M | 97.4M |
| Prepayments | 4.4M | 2.1M | 6.7M | 1.8M | 1.2M | 1.1M |
| Inventory | 115.0M | 78.4M | 96.6M | 49.3M | 28.3M | 19.4M |
| Total Current Assets | 3.1B | 1.6B | 1.1B | 724.0M | 442.0M | 252.0M |
| Fixed Assets | -- | 197.0M | 113.0M | 107.0M | 90.9M | 86.8M |
| Fixed Assets Total | 243.0M | 197.0M | 113.0M | 107.0M | 90.9M | 86.8M |
| Construction In Progress | -- | 135.0M | 157.0M | 2.2M | -- | -- |
| Construction In Progress Total | 229.0M | 135.0M | 157.0M | 2.2M | -- | -- |
| Intangible Assets | 22.1M | 23.8M | 24.3M | 11.9M | 12.3M | 9.8M |
| Total Non Current Assets | 509.0M | 365.0M | 315.0M | 128.0M | 109.0M | 101.0M |
| Total Assets | 3.6B | 2.0B | 1.4B | 852.0M | 550.0M | 353.0M |
| Accounts Payable | 209.0M | 115.0M | 101.0M | 23.1M | 20.5M | 14.8M |
| Advance Receipts | -- | -- | -- | -- | -- | 7,000 |
| Contract Liabilities | 2.2M | 3.0M | 4.2M | 2.2M | 3.1M | -- |
| Total Current Liabilities | 404.0M | 246.0M | 217.0M | 133.0M | 68.6M | 38.8M |
| Total Non Current Liabilities | 35.3M | 40.8M | 56.0M | 33.2M | 29.1M | 14.3M |
| Total Liabilities | 439.0M | 287.0M | 273.0M | 166.0M | 97.8M | 53.1M |
| Paid In Capital | 400.0M | 360.0M | 360.0M | 360.0M | 16.0M | 14.8M |
| Capital Reserve | 1.1B | 165.0M | 165.0M | 165.0M | 136.0M | 96.7M |
| Surplus Reserve | 173.0M | 121.0M | 64.9M | 16.3M | 23.8M | 23.8M |
| Retained Earnings | 1.5B | 1.0B | 536.0M | 144.0M | 277.0M | 164.0M |
| Equity Attributable | 3.2B | 1.7B | 1.1B | 685.0M | 453.0M | 300.0M |
| Total Equity | 3.2B | 1.7B | 1.1B | 685.0M | 453.0M | 300.0M |
| 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 | 849.0M | 768.0M | 508.0M | 464.0M | 180.0M | 143.0M |
| Tax Refunds Received | 7.8M | 1.3M | 5.1M | 436,900 | 980,900 | -- |
| Total Operating Cash Inflow | 892.0M | 806.0M | 574.0M | 524.0M | 200.0M | 155.0M |
| Cash Paid For Goods | 173.0M | 145.0M | 143.0M | 82.0M | 53.7M | 38.1M |
| Cash Paid To Employees | 90.8M | 84.2M | 60.7M | 41.2M | 28.1M | 20.1M |
| Taxes Paid | 180.0M | 220.0M | 146.0M | 78.6M | 39.0M | 25.0M |
| Total Operating Cash Outflow | 476.0M | 486.0M | 375.0M | 262.0M | 131.0M | 90.1M |
| Operating Cash Flow | 416.0M | 320.0M | 199.0M | 262.0M | 68.8M | 65.3M |
| Total Investing Cash Inflow | -- | 38.7M | 201.0M | 551.0M | 694.0M | 62.2M |
| Total Investing Cash Outflow | 97.1M | 101.0M | 348.0M | 586.0M | 599.0M | 116.0M |
| Investing Cash Flow | -97.1M | -62.2M | -148.0M | -34.5M | 94.9M | -53.4M |
| Dividends And Interest Paid | -- | -- | 43.2M | 83.0M | 22.1M | -- |
| Total Financing Cash Inflow | 1.0B | -- | -- | 8.0M | 23.7M | -- |
| Total Financing Cash Outflow | 17.8M | 901,500 | 46.0M | 91.1M | 22.1M | -- |
| Financing Cash Flow | 1.0B | -901,500 | -46.0M | -83.1M | 1.6M | -- |
| Net Change In Cash | 1.3B | 257.0M | 5.3M | 144.0M | 165.0M | 11.9M |
| Ending Cash Balance | 1.9B | 592.0M | 334.0M | 329.0M | 185.0M | 19.3M |
| Capex | 93.2M | 70.8M | 148.0M | 33.5M | 16.1M | 17.7M |