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 |
|---|---|---|---|---|---|
| Revenue | 649.0M | 606.0M | 634.0M | 544.0M | 480.0M |
| Revenue Growth % | 7.1% | -4.4% | 16.5% | 13.3% | -- |
| Total Revenue | 649.0M | 606.0M | 634.0M | 544.0M | 480.0M |
| Cost Of Revenue | 433.0M | 409.0M | 420.0M | 353.0M | 307.0M |
| Gross Profit | 216.0M | 197.0M | 214.0M | 191.0M | 173.0M |
| Gross Margin % | 33.3% | 32.5% | 33.8% | 35.1% | 36.0% |
| Total Operating Cost | 588.0M | 555.0M | 543.0M | 455.0M | 404.0M |
| Selling Expenses | 73.0M | 68.3M | 62.3M | 58.7M | 52.1M |
| Admin Expenses | 39.7M | 39.7M | 30.8M | 23.1M | 22.1M |
| Rd Expenses | 40.6M | 39.6M | 29.8M | 17.7M | 16.7M |
| Finance Expenses | -7.2M | -7.4M | -4.5M | -1.1M | 616,700 |
| Operating Income | 68.2M | 56.2M | 92.4M | 91.7M | 78.3M |
| Operating Margin % | 10.5% | 9.3% | 14.6% | 16.9% | 16.3% |
| Non Operating Income | 75,800 | 2.5M | 15.6M | 4.1M | 1.5M |
| Non Operating Expenses | 860,100 | 404,100 | 597,800 | 693,400 | 201,200 |
| Investment Income | 2.6M | 917,100 | 451,000 | 1.0M | 1.7M |
| Fair Value Change Income | 571,800 | -- | -- | -- | -- |
| Asset Disposal Income | 19,100 | -- | -41,500 | 37,400 | -- |
| Asset Impairment Loss | 3.4M | 2.2M | 2.8M | 1.7M | 2.9M |
| Other Income | 3.4M | 4.2M | 1.2M | 1.3M | 653,100 |
| Income Before Tax | 67.4M | 58.3M | 107.0M | 95.1M | 79.7M |
| Income Tax | 11.0M | 9.4M | 15.1M | 13.5M | 11.5M |
| Net Income | 56.4M | 48.9M | 92.2M | 81.6M | 68.1M |
| Net Margin % | 8.7% | 8.1% | 14.5% | 15.0% | 14.2% |
| Net Income Attributable | 59.9M | 52.3M | 93.8M | 82.5M | 68.1M |
| Minority Interest | -3.5M | -3.4M | -1.5M | -885,900 | -- |
| Eps Basic | 0.60 | 0.52 | 1.13 | 1.10 | 0.91 |
| Eps Diluted | 0.60 | 0.52 | 1.13 | 1.10 | 0.91 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 235.0M | 493.0M | 536.0M | 183.0M | 197.0M |
| Trading Financial Assets | 121.0M | -- | -- | -- | 15.0M |
| Accounts Receivable | 84.8M | 73.8M | 92.1M | 23.9M | 34.3M |
| Notes Receivable | 16.1M | -- | -- | -- | -- |
| Notes And Accounts Receivable | 101.0M | 73.8M | 92.1M | 23.9M | 34.3M |
| Prepayments | 26.2M | 30.0M | 55.1M | 43.9M | 29.1M |
| Inventory | 179.0M | 121.0M | 165.0M | 165.0M | 140.0M |
| Total Current Assets | 685.0M | 843.0M | 875.0M | 436.0M | 430.0M |
| Fixed Assets | -- | 166.0M | 152.0M | 79.5M | 86.5M |
| Fixed Assets Total | 335.0M | 166.0M | 152.0M | 79.5M | 86.5M |
| Construction In Progress | -- | 230.0M | 154.0M | 44.4M | 2.4M |
| Construction In Progress Total | 147.0M | 236.0M | 159.0M | 44.4M | 2.4M |
| Intangible Assets | 40.0M | 42.1M | 42.0M | 27.4M | 13.4M |
| Long Term Deferred Expenses | 678,600 | 1.1M | -- | -- | -- |
| Total Non Current Assets | 701.0M | 510.0M | 417.0M | 214.0M | 112.0M |
| Total Assets | 1.4B | 1.4B | 1.3B | 650.0M | 542.0M |
| Short Term Borrowings | -- | -- | -- | 15.0M | 10.0M |
| Accounts Payable | 107.0M | 83.2M | 70.3M | 26.1M | 20.7M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 98.6M | 98.6M | 96.3M | 92.6M | 94.8M |
| Total Current Liabilities | 406.0M | 275.0M | 263.0M | 177.0M | 176.0M |
| Long Term Borrowings | -- | 112.0M | 92.7M | 10.0M | -- |
| Total Non Current Liabilities | 11.3M | 125.0M | 105.0M | 18.8M | 5.1M |
| Total Liabilities | 417.0M | 401.0M | 368.0M | 195.0M | 181.0M |
| Paid In Capital | 100.0M | 100.0M | 100.0M | 75.0M | 75.0M |
| Capital Reserve | 533.0M | 533.0M | 533.0M | 181.0M | 181.0M |
| Surplus Reserve | 26.7M | 22.0M | 17.5M | 11.3M | 6.2M |
| Retained Earnings | 307.0M | 264.0M | 236.0M | 149.0M | 86.5M |
| Minority Equity | 8.8M | 12.1M | 15.5M | 17.0M | 11.9M |
| Equity Attributable | 960.0M | 941.0M | 909.0M | 438.0M | 349.0M |
| Total Equity | 969.0M | 953.0M | 924.0M | 455.0M | 361.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 594.0M | 654.0M | 580.0M | 538.0M | 491.0M |
| Tax Refunds Received | 31.3M | -- | 6.2M | 58,100 | 450,600 |
| Total Operating Cash Inflow | 702.0M | 708.0M | 672.0M | 607.0M | 509.0M |
| Cash Paid For Goods | 380.0M | 368.0M | 382.0M | 360.0M | 300.0M |
| Cash Paid To Employees | 102.0M | 92.5M | 79.5M | 66.2M | 55.8M |
| Taxes Paid | 19.8M | 30.7M | 17.5M | 19.2M | 15.1M |
| Total Operating Cash Outflow | 612.0M | 582.0M | 607.0M | 549.0M | 425.0M |
| Operating Cash Flow | 89.8M | 127.0M | 64.5M | 58.4M | 84.1M |
| Total Investing Cash Inflow | 507.0M | 116.0M | 128.0M | 41.6M | 27.7M |
| Total Investing Cash Outflow | 742.0M | 293.0M | 307.0M | 104.0M | 22.1M |
| Investing Cash Flow | -235.0M | -177.0M | -179.0M | -62.0M | 5.6M |
| Cash From Borrowings | -- | 37.6M | 92.6M | 25.0M | 10.0M |
| Dividends And Interest Paid | 16.1M | 24.3M | 1.7M | 15.8M | 9.1M |
| Debt Repayments | 130.0M | -- | 25.0M | 20.0M | 20.0M |
| Total Financing Cash Inflow | -- | 39.6M | 495.0M | 31.0M | 10.0M |
| Total Financing Cash Outflow | 169.0M | 24.4M | 49.1M | 36.6M | 29.3M |
| Financing Cash Flow | -169.0M | 15.2M | 445.0M | -5.6M | -19.3M |
| Net Change In Cash | -314.0M | -35.2M | 331.0M | -9.3M | 70.2M |
| Ending Cash Balance | 158.0M | 471.0M | 506.0M | 175.0M | 185.0M |
| Capex | 76.8M | 97.8M | 181.0M | 53.4M | 3.6M |