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 2019Dec 31, 2019 |
|---|---|---|---|---|---|
| Revenue | 548.0M | 368.0M | 322.0M | 141.0M | 244.0M |
| Revenue Growth % | 48.9% | 14.3% | 128.4% | -42.2% | -- |
| Total Revenue | 548.0M | 368.0M | 322.0M | 141.0M | 244.0M |
| Cost Of Revenue | 253.0M | 139.0M | 88.2M | 43.1M | 182.0M |
| Gross Profit | 295.0M | 229.0M | 233.8M | 97.9M | 62.0M |
| Gross Margin % | 53.8% | 62.2% | 72.6% | 69.4% | 25.4% |
| Total Operating Cost | 455.0M | 283.0M | 218.0M | 142.0M | 252.0M |
| Selling Expenses | 34.1M | 34.1M | 29.8M | 21.7M | 22.4M |
| Admin Expenses | 81.3M | 65.8M | 50.7M | 40.9M | 21.6M |
| Rd Expenses | 88.6M | 53.7M | 42.7M | 30.0M | 17.7M |
| Finance Expenses | -12.7M | -14.0M | -5.1M | 2.8M | 5.5M |
| Operating Income | 111.0M | 105.0M | 124.0M | 29.6M | -4.6M |
| Operating Margin % | 20.3% | 28.5% | 38.5% | 21.0% | -1.9% |
| Non Operating Income | 59,600 | 68,800 | 2.6M | 920,200 | 375,400 |
| Non Operating Expenses | 4.0M | 252,000 | 719,100 | 169,500 | 11,000 |
| Investment Income | -3.9M | 2.3M | 625,400 | -184,300 | 2.4M |
| Fair Value Change Income | 1.0M | 33,200 | -214,400 | 111,700 | -- |
| Asset Disposal Income | 45,800 | -314,000 | 16,000 | 5,400 | -1.2M |
| Asset Impairment Loss | 6.2M | 1.4M | 9.4M | 1.7M | -123,600 |
| Other Income | 20.9M | 17.9M | 19.2M | 30.6M | 1.4M |
| Income Before Tax | 107.0M | 104.0M | 125.0M | 30.3M | -4.3M |
| Income Tax | 10.2M | 14.7M | 25.7M | 3.7M | -6.0M |
| Net Income | 96.9M | 89.8M | 99.7M | 26.6M | 1.7M |
| Net Margin % | 17.7% | 24.4% | 31.0% | 18.8% | 0.7% |
| Net Income Attributable | 96.9M | 89.8M | 101.0M | 30.1M | 4.1M |
| Minority Interest | -8,200 | -86,600 | -1.2M | -3.6M | -2.4M |
| Eps Basic | 0.25 | 0.24 | 0.30 | 0.11 | 0.10 |
| Eps Diluted | 0.25 | 0.23 | 0.30 | 0.11 | 0.10 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2019Dec 31, 2019 |
|---|---|---|---|---|---|
| Cash And Equivalents | 291.0M | 235.0M | 523.0M | 139.0M | 7.1M |
| Trading Financial Assets | -- | -- | 105.0M | 30.1M | -- |
| Accounts Receivable | 114.0M | 89.6M | 48.7M | 29.5M | 42.1M |
| Notes Receivable | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 114.0M | 89.6M | 48.7M | 29.5M | 42.1M |
| Prepayments | 6.2M | 5.6M | 4.0M | 2.3M | 3.2M |
| Inventory | 159.0M | 121.0M | 46.5M | 34.5M | 1.6M |
| Total Current Assets | 875.0M | 586.0M | 858.0M | 376.0M | 88.7M |
| Long Term Equity Investment | 34.9M | 39.1M | 19.2M | 20.5M | 903,200 |
| Fixed Assets | -- | 440.0M | 288.0M | 279.0M | -- |
| Fixed Assets Total | 772.0M | 440.0M | 288.0M | 279.0M | 73.9M |
| Construction In Progress | -- | 389.0M | 161.0M | 6.3M | -- |
| Construction In Progress Total | 345.0M | 389.0M | 161.0M | 6.3M | 59.2M |
| Intangible Assets | 84.4M | 72.6M | 75.5M | 51.7M | 15.0M |
| Long Term Deferred Expenses | 8.4M | 11.8M | 15.7M | 22.5M | 19.3M |
| Total Non Current Assets | 1.8B | 1.5B | 775.0M | 439.0M | 203.0M |
| Total Assets | 2.6B | 2.1B | 1.6B | 815.0M | 291.0M |
| Short Term Borrowings | 401.0M | 183.0M | 101.0M | 52.6M | 29.0M |
| Accounts Payable | 206.0M | 175.0M | 101.0M | 61.0M | 25.0M |
| Advance Receipts | 408,700 | 92,400 | -- | 190,100 | 283,400 |
| Contract Liabilities | 10.9M | 8.7M | 1.1M | 6.2M | -- |
| Total Current Liabilities | 763.0M | 473.0M | 279.0M | 190.0M | 97.2M |
| Long Term Borrowings | 210.0M | 156.0M | -- | 32.0M | 31.3M |
| Total Non Current Liabilities | 381.0M | 237.0M | 83.2M | 117.0M | 47.5M |
| Total Liabilities | 1.1B | 709.0M | 362.0M | 308.0M | 145.0M |
| Paid In Capital | 382.0M | 382.0M | 382.0M | 315.0M | 41.6M |
| Capital Reserve | 779.0M | 762.0M | 748.0M | 161.0M | 77.0M |
| Surplus Reserve | 5.1M | 3.9M | 2.8M | 708,400 | 590,200 |
| Retained Earnings | 317.0M | 222.0M | 133.0M | 33.9M | 24.1M |
| Minority Equity | 6,200 | 64,800 | -3.0M | -1.9M | 2.3M |
| Equity Attributable | 1.5B | 1.4B | 1.3B | 510.0M | 144.0M |
| Total Equity | 1.5B | 1.4B | 1.3B | 508.0M | 147.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2019Dec 31, 2019 |
|---|---|---|---|---|---|
| Cash From Sales | 579.0M | 365.0M | 325.0M | 136.0M | 263.0M |
| Tax Refunds Received | 13.5M | 24.6M | 27.5M | 8.6M | 240,500 |
| Total Operating Cash Inflow | 1.2B | 799.0M | 820.0M | 423.0M | 302.0M |
| Cash Paid For Goods | 296.0M | 230.0M | 106.0M | 49.1M | 198.0M |
| Cash Paid To Employees | 84.4M | 63.7M | 45.6M | 36.7M | 23.6M |
| Taxes Paid | 45.4M | 30.5M | 29.7M | 6.7M | 2.7M |
| Total Operating Cash Outflow | 992.0M | 711.0M | 671.0M | 394.0M | 281.0M |
| Operating Cash Flow | 192.0M | 88.0M | 149.0M | 29.7M | 21.8M |
| Total Investing Cash Inflow | 55.8M | 594.0M | 641.0M | 24.6M | 50.5M |
| Total Investing Cash Outflow | 471.0M | 1.1B | 1.1B | 216.0M | 167.0M |
| Investing Cash Flow | -415.0M | -538.0M | -486.0M | -191.0M | -116.0M |
| Cash From Borrowings | 732.0M | 361.0M | 219.0M | 52.5M | 103.0M |
| Dividends And Interest Paid | 10.6M | 3.2M | 3.1M | 4.5M | 3.6M |
| Debt Repayments | 444.0M | 116.0M | 214.0M | 57.5M | 69.6M |
| Total Financing Cash Inflow | 817.0M | 411.0M | 892.0M | 231.0M | 168.0M |
| Total Financing Cash Outflow | 561.0M | 147.0M | 297.0M | 63.6M | 74.2M |
| Financing Cash Flow | 257.0M | 263.0M | 594.0M | 167.0M | 94.2M |
| Net Change In Cash | 37.4M | -186.0M | 259.0M | 4.5M | -340,500 |
| Ending Cash Balance | 247.0M | 210.0M | 396.0M | 137.0M | 6.6M |
| Capex | 409.0M | 369.0M | 271.0M | 146.0M | 126.0M |