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 | 1.6B | 1.2B | 1.1B | 929.0M | 618.0M | 530.0M |
| Revenue Growth % | 26.4% | 17.7% | 13.0% | 50.3% | 16.6% | -- |
| Total Revenue | 1.6B | 1.2B | 1.1B | 929.0M | 618.0M | 530.0M |
| Cost Of Revenue | 1.2B | 974.0M | 834.0M | 733.0M | 453.0M | 389.0M |
| Gross Profit | 312.0M | 262.0M | 216.0M | 196.0M | 165.0M | 141.0M |
| Gross Margin % | 20.0% | 21.2% | 20.6% | 21.1% | 26.7% | 26.6% |
| Total Operating Cost | 1.4B | 1.1B | 966.0M | 860.0M | 544.0M | 473.0M |
| Selling Expenses | 9.5M | 7.6M | 6.1M | 5.7M | 4.6M | 10.9M |
| Admin Expenses | 51.8M | 45.8M | 38.9M | 35.6M | 27.1M | 24.1M |
| Rd Expenses | 88.3M | 78.3M | 55.5M | 58.1M | 39.0M | 29.8M |
| Finance Expenses | 654,900 | -1.6M | 9.3M | 12.1M | 7.7M | 8.0M |
| Operating Income | 160.0M | 127.0M | 89.4M | 72.4M | 80.5M | 63.4M |
| Operating Margin % | 10.2% | 10.3% | 8.5% | 7.8% | 13.0% | 12.0% |
| Non Operating Income | 471,200 | 11.5M | 4.8M | 7.0M | 517,000 | 259,200 |
| Non Operating Expenses | 1.4M | 2.8M | 341,300 | 665,600 | 907,000 | 2.7M |
| Investment Income | 4.2M | 3.4M | -2.5M | -2.2M | -1.4M | -923,300 |
| Asset Disposal Income | -390,100 | -62,300 | 1.4M | 860,900 | 2.1M | -1.6M |
| Asset Impairment Loss | 10.5M | 10.4M | 10.4M | 8.6M | 5.6M | 7.7M |
| Other Income | 20.7M | 18.3M | 6.4M | 4.5M | 5.6M | 8.2M |
| Income Before Tax | 159.0M | 136.0M | 93.9M | 78.8M | 80.1M | 60.9M |
| Income Tax | 12.6M | 10.3M | -1.0M | 2.1M | 7.4M | 7.8M |
| Net Income | 146.0M | 125.0M | 94.9M | 76.6M | 72.7M | 53.1M |
| Net Margin % | 9.3% | 10.1% | 9.0% | 8.2% | 11.8% | 10.0% |
| Net Income Attributable | 146.0M | 125.0M | 94.9M | 76.6M | 72.7M | 53.1M |
| Eps Basic | 0.92 | 0.85 | 1.12 | 0.90 | 0.86 | 0.65 |
| Eps Diluted | 0.92 | 0.85 | 1.12 | -- | -- | -- |
| 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 | 71.1M | 157.0M | 52.0M | 25.0M | 14.9M | 14.2M |
| Trading Financial Assets | -- | -- | -- | -- | -- | 50,000 |
| Accounts Receivable | 463.0M | 373.0M | 270.0M | 192.0M | 163.0M | 142.0M |
| Notes Receivable | 77.7M | 27.9M | 26.2M | 11.0M | 14.7M | 10.7M |
| Notes And Accounts Receivable | 541.0M | 401.0M | 297.0M | 203.0M | 178.0M | 153.0M |
| Prepayments | 16.7M | 20.9M | 16.9M | 7.8M | 23.8M | 10.1M |
| Inventory | 367.0M | 271.0M | 262.0M | 238.0M | 123.0M | 113.0M |
| Total Current Assets | 1.1B | 988.0M | 686.0M | 530.0M | 368.0M | 328.0M |
| Long Term Equity Investment | 3.3M | 4.0M | -- | -- | -- | -- |
| Fixed Assets | -- | 506.0M | 447.0M | 420.0M | 300.0M | 229.0M |
| Fixed Assets Total | 738.0M | 506.0M | 447.0M | 420.0M | 300.0M | 229.0M |
| Construction In Progress | -- | 70.6M | 42.4M | 35.8M | 71.8M | 45.4M |
| Construction In Progress Total | 222.0M | 75.6M | 45.7M | 38.4M | 73.7M | 54.9M |
| Intangible Assets | 89.3M | 54.0M | 43.2M | 44.6M | 45.3M | 42.6M |
| Long Term Deferred Expenses | 708,000 | 826,000 | 944,000 | 1.1M | 1.2M | -- |
| Total Non Current Assets | 1.2B | 858.0M | 622.0M | 586.0M | 447.0M | 351.0M |
| Total Assets | 2.3B | 1.8B | 1.3B | 1.1B | 814.0M | 680.0M |
| Short Term Borrowings | 306.0M | 34.2M | 171.0M | 187.0M | 110.0M | 95.9M |
| Accounts Payable | 240.0M | 150.0M | 185.0M | 160.0M | 100.0M | 63.9M |
| Advance Receipts | -- | -- | -- | -- | -- | 49,900 |
| Contract Liabilities | 421,500 | 626,900 | 346,000 | 775,800 | 49,600 | -- |
| Total Current Liabilities | 674.0M | 332.0M | 505.0M | 471.0M | 293.0M | 234.0M |
| Long Term Borrowings | -- | -- | 58.4M | 20.0M | 3.6M | 6.4M |
| Total Non Current Liabilities | 75.8M | 70.0M | 160.0M | 97.8M | 51.5M | 48.8M |
| Total Liabilities | 749.0M | 402.0M | 665.0M | 569.0M | 344.0M | 283.0M |
| Paid In Capital | 159.0M | 113.0M | 85.0M | 85.0M | 85.0M | 85.0M |
| Capital Reserve | 832.0M | 877.0M | 232.0M | 231.0M | 230.0M | 229.0M |
| Surplus Reserve | 40.7M | 31.3M | 23.2M | 16.2M | 9.9M | 4.7M |
| Retained Earnings | 503.0M | 420.0M | 303.0M | 215.0M | 145.0M | 77.7M |
| Equity Attributable | 1.5B | 1.4B | 643.0M | 548.0M | 470.0M | 396.0M |
| Total Equity | 1.5B | 1.4B | 643.0M | 548.0M | 470.0M | 396.0M |
| 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 | 1.1B | 1.2B | 796.0M | 945.0M | 568.0M | 530.0M |
| Tax Refunds Received | 45.9M | 22.8M | 14.7M | 12.9M | 1.9M | 3.4M |
| Total Operating Cash Inflow | 1.2B | 1.2B | 833.0M | 980.0M | 578.0M | 545.0M |
| Cash Paid For Goods | 961.0M | 840.0M | 495.0M | 708.0M | 395.0M | 347.0M |
| Cash Paid To Employees | 295.0M | 229.0M | 194.0M | 194.0M | 110.0M | 102.0M |
| Taxes Paid | 10.1M | 19.4M | 18.9M | 12.3M | 19.7M | 30.2M |
| Total Operating Cash Outflow | 1.3B | 1.1B | 729.0M | 941.0M | 538.0M | 493.0M |
| Operating Cash Flow | -108.0M | 107.0M | 104.0M | 39.1M | 40.1M | 52.2M |
| Total Investing Cash Inflow | 349.0M | 280.0M | 3.7M | 3.2M | 23.1M | 22.3M |
| Total Investing Cash Outflow | 539.0M | 669.0M | 81.5M | 76.7M | 77.1M | 103.0M |
| Investing Cash Flow | -190.0M | -389.0M | -77.8M | -73.5M | -54.0M | -81.1M |
| Cash From Borrowings | 316.0M | 49.0M | 380.0M | 276.0M | 177.0M | 142.0M |
| Dividends And Interest Paid | 55.0M | 5.3M | 11.6M | 8.6M | 6.8M | 6.7M |
| Debt Repayments | 44.0M | 308.0M | 344.0M | 197.0M | 147.0M | 93.2M |
| Total Financing Cash Inflow | 332.0M | 807.0M | 381.0M | 278.0M | 190.0M | 167.0M |
| Total Financing Cash Outflow | 130.0M | 405.0M | 404.0M | 236.0M | 175.0M | 146.0M |
| Financing Cash Flow | 202.0M | 403.0M | -23.2M | 41.9M | 14.8M | 21.0M |
| Net Change In Cash | -93.6M | 122.0M | 3.1M | 8.0M | 650,900 | -7.9M |
| Ending Cash Balance | 50.8M | 144.0M | 22.7M | 19.6M | 11.6M | 10.9M |
| Capex | 311.0M | 153.0M | 78.5M | 75.4M | 63.2M | 84.7M |