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 | 1.1B | 1.0B | 863.0M | 582.0M | 334.0M | 245.0M |
| Revenue Growth % | 10.0% | 20.3% | 48.3% | 74.3% | 36.3% | -- |
| Total Revenue | 1.1B | 1.0B | 863.0M | 582.0M | 334.0M | 245.0M |
| Cost Of Revenue | 758.0M | 585.0M | 516.0M | 358.0M | 201.0M | 139.0M |
| Gross Profit | 384.0M | 453.0M | 347.0M | 224.0M | 133.0M | 106.0M |
| Gross Margin % | 33.6% | 43.6% | 40.2% | 38.5% | 39.8% | 43.3% |
| Total Operating Cost | 1.0B | 846.0M | 753.0M | 525.0M | 295.0M | 214.0M |
| Selling Expenses | 27.7M | 29.0M | 17.9M | 11.9M | 7.3M | 4.6M |
| Admin Expenses | 124.0M | 149.0M | 147.0M | 112.0M | 63.4M | 51.1M |
| Rd Expenses | 60.5M | 60.4M | 52.3M | 27.9M | 19.9M | 13.0M |
| Finance Expenses | -10.6M | -7.7M | -5.5M | 4.8M | -3.1M | 686,100 |
| Operating Income | 159.0M | 211.0M | 143.0M | 94.0M | 49.0M | 43.6M |
| Operating Margin % | 13.9% | 20.3% | 16.6% | 16.2% | 14.7% | 17.8% |
| Non Operating Income | 109,200 | 448,500 | 279,700 | 55,100 | 1.6M | 130,000 |
| Non Operating Expenses | 357,800 | 198,900 | 1.2M | 51,300 | 50,100 | 500.00 |
| Asset Disposal Income | -400.00 | -1,100 | 210,700 | -- | -- | -- |
| Asset Impairment Loss | 42.1M | 29.2M | 21.5M | 7.2M | 5.7M | 5.7M |
| Other Income | 23.5M | 19.1M | 32.7M | 37.7M | 10.2M | 13.2M |
| Income Before Tax | 159.0M | 212.0M | 142.0M | 94.0M | 50.5M | 43.8M |
| Income Tax | 22.3M | 30.2M | 23.6M | 9.5M | 8.1M | 7.6M |
| Net Income | 137.0M | 182.0M | 118.0M | 84.5M | 42.4M | 36.2M |
| Net Margin % | 12.0% | 17.5% | 13.7% | 14.5% | 12.7% | 14.8% |
| Net Income Attributable | 148.0M | 194.0M | 135.0M | 86.7M | 42.4M | 36.2M |
| Minority Interest | -11.2M | -12.9M | -17.3M | -2.2M | -- | -- |
| Eps Basic | 1.26 | 1.84 | 1.40 | 1.19 | 0.71 | 0.61 |
| Eps Diluted | 1.26 | 1.84 | 1.40 | 1.19 | 0.71 | 0.61 |
| 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 | 1.4B | 1.2B | 1.3B | 639.0M | 199.0M | 210.0M |
| Accounts Receivable | 268.0M | 213.0M | 180.0M | 107.0M | 29.6M | 20.0M |
| Notes Receivable | 11.3M | 11.2M | -- | 1.3M | 2.2M | -- |
| Notes And Accounts Receivable | 279.0M | 224.0M | 180.0M | 108.0M | 31.8M | 20.0M |
| Prepayments | 61.3M | 12.9M | 24.8M | 37.5M | 30.1M | 4.0M |
| Inventory | 332.0M | 511.0M | 489.0M | 397.0M | 213.0M | 116.0M |
| Total Current Assets | 2.2B | 2.0B | 2.0B | 1.3B | 520.0M | 379.0M |
| Fixed Assets | -- | 219.0M | 208.0M | 173.0M | 130.0M | 106.0M |
| Fixed Assets Total | 303.0M | 219.0M | 208.0M | 173.0M | 130.0M | 106.0M |
| Construction In Progress | -- | 40.7M | 276,800 | 298,900 | -- | -- |
| Construction In Progress Total | 239.0M | 40.7M | 276,800 | 298,900 | -- | -- |
| Intangible Assets | 106.0M | 109.0M | 10.9M | 5.4M | 3.3M | 4.2M |
| Long Term Deferred Expenses | 70.5M | 77.0M | 81.6M | 73.8M | 79.1M | 84.8M |
| Total Non Current Assets | 1.1B | 789.0M | 606.0M | 547.0M | 237.0M | 199.0M |
| Total Assets | 3.2B | 2.8B | 2.6B | 1.8B | 757.0M | 578.0M |
| Short Term Borrowings | 500,100 | 8.0M | -- | -- | -- | -- |
| Accounts Payable | 46.8M | 84.0M | 59.4M | 83.5M | 41.6M | 21.2M |
| Advance Receipts | 4.0M | 4.0M | 4.0M | -- | -- | 233.0M |
| Contract Liabilities | 347.0M | 607.0M | 722.0M | 534.0M | 341.0M | -- |
| Total Current Liabilities | 568.0M | 881.0M | 902.0M | 766.0M | 427.0M | 301.0M |
| Long Term Borrowings | -- | -- | -- | -- | 39.0M | 47.0M |
| Total Non Current Liabilities | 249.0M | 255.0M | 275.0M | 283.0M | 92.3M | 86.9M |
| Total Liabilities | 817.0M | 1.1B | 1.2B | 1.0B | 519.0M | 388.0M |
| Paid In Capital | 141.0M | 106.0M | 106.0M | 87.1M | 59.3M | 59.3M |
| Capital Reserve | 1.7B | 1.1B | 1.1B | 494.0M | 124.0M | 113.0M |
| Surplus Reserve | 33.9M | 27.9M | 21.5M | 14.5M | 10.3M | 5.7M |
| Retained Earnings | 529.0M | 387.0M | 199.0M | 101.0M | 44.0M | 11.9M |
| Minority Equity | 10.2M | 21.4M | 34.3M | 57.4M | -- | -- |
| Equity Attributable | 2.4B | 1.6B | 1.4B | 697.0M | 237.0M | 190.0M |
| Total Equity | 2.4B | 1.6B | 1.4B | 754.0M | 237.0M | 190.0M |
| 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 | 929.0M | 1.0B | 693.0M | 427.0M | 290.0M |
| Tax Refunds Received | -- | 4.1M | 19.7M | -- | 1.0M | 1.7M |
| Total Operating Cash Inflow | 898.0M | 965.0M | 1.1B | 727.0M | 460.0M | 304.0M |
| Cash Paid For Goods | 570.0M | 381.0M | 428.0M | 350.0M | 229.0M | 85.2M |
| Cash Paid To Employees | 307.0M | 287.0M | 271.0M | 184.0M | 118.0M | 99.6M |
| Taxes Paid | 26.8M | 47.5M | 26.9M | 9.2M | 6.5M | 2.6M |
| Total Operating Cash Outflow | 995.0M | 797.0M | 804.0M | 584.0M | 388.0M | 212.0M |
| Operating Cash Flow | -96.6M | 168.0M | 279.0M | 144.0M | 72.0M | 91.8M |
| Total Investing Cash Inflow | -- | 8.6M | 6.4M | -- | -- | -- |
| Total Investing Cash Outflow | 351.0M | 259.0M | 146.0M | 99.2M | 71.5M | 59.7M |
| Investing Cash Flow | -351.0M | -250.0M | -140.0M | -99.2M | -71.5M | -59.7M |
| Cash From Borrowings | 500,000 | 8.0M | -- | -- | -- | -- |
| Dividends And Interest Paid | 228,000 | 16,000 | 32.3M | 12.1M | 2.3M | 2.9M |
| Debt Repayments | 8.0M | -- | 39.0M | -- | 10.0M | 1.0M |
| Total Financing Cash Inflow | 628.0M | 8.0M | 570.0M | 434.0M | -- | -- |
| Total Financing Cash Outflow | 31.4M | 22.5M | 93.2M | 38.0M | 12.3M | 3.9M |
| Financing Cash Flow | 597.0M | -14.5M | 477.0M | 396.0M | -12.3M | -3.9M |
| Net Change In Cash | 149.0M | -96.5M | 616.0M | 440.0M | -11.8M | 28.2M |
| Ending Cash Balance | 1.3B | 1.2B | 1.3B | 639.0M | 199.0M | 210.0M |
| Capex | 288.0M | 234.0M | 146.0M | 99.2M | 71.5M | 59.7M |