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 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 967.0M | 830.0M | 667.0M | 596.0M | 444.0M | 459.0M | 189.0M | 225.0M | 145.0M | 88.1M | 54.7M |
| Revenue Growth % | 16.5% | 24.4% | 11.9% | 34.2% | -3.3% | 142.9% | -16.0% | 55.2% | 64.7% | 61.1% | -- |
| Total Revenue | 967.0M | 830.0M | 667.0M | 596.0M | 444.0M | 459.0M | 189.0M | 225.0M | 145.0M | 88.1M | 54.7M |
| Cost Of Revenue | 718.0M | 647.0M | 512.0M | 476.0M | 362.0M | 378.0M | 160.0M | 188.0M | 126.0M | 72.5M | 46.2M |
| Gross Profit | 249.0M | 183.0M | 155.0M | 120.0M | 82.0M | 81.0M | 29.0M | 37.0M | 19.0M | 15.6M | 8.5M |
| Gross Margin % | 25.7% | 22.0% | 23.2% | 20.1% | 18.5% | 17.6% | 15.3% | 16.4% | 13.1% | 17.7% | 15.5% |
| Total Operating Cost | 811.0M | 710.0M | 577.0M | 520.0M | 393.0M | 428.0M | 187.0M | 216.0M | 148.0M | 87.4M | 57.1M |
| Selling Expenses | 1.5M | 1.6M | 1.1M | 1.1M | 957,200 | 2.4M | 3.2M | 2.8M | 4.0M | 1.1M | 391,800 |
| Admin Expenses | 17.4M | 13.9M | 12.5M | 12.1M | 9.8M | 8.3M | 15.5M | 15.4M | 14.4M | 9.0M | 7.0M |
| Rd Expenses | 32.8M | 25.0M | 23.4M | 17.4M | 3.6M | 13.2M | -- | -- | -- | -- | -- |
| Finance Expenses | 13.6M | 12.9M | 11.0M | 9.6M | 9.7M | 10.8M | 8.0M | 5.6M | 3.0M | 2.9M | 2.9M |
| Operating Income | 168.0M | 122.0M | 96.3M | 76.9M | 54.0M | 35.8M | 7.0M | 12.8M | -2.7M | 731,400 | -2.3M |
| Operating Margin % | 17.4% | 14.7% | 14.4% | 12.9% | 12.2% | 7.8% | 3.7% | 5.7% | -1.9% | 0.8% | -4.3% |
| Non Operating Income | 47,300 | 4,200 | 744,400 | 270,400 | 70,500 | 7,500 | 877,700 | 3.6M | 5.4M | 2.1M | 611,900 |
| Non Operating Expenses | 87,600 | 89,100 | 21,400 | 383,800 | 54,700 | 12,200 | 8,200 | 13,400 | 864,500 | 131,700 | 83,200 |
| Investment Income | -60,600 | -425,800 | -216,800 | -953,200 | 253,500 | -1.4M | 5.2M | 4.4M | 108,000 | 120,000 | 84,000 |
| Asset Disposal Income | 108,200 | 2,200 | 48,900 | 89.00 | -- | -500.00 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 14.0M | -- | -- | 61,400 | 1.3M | 8.0M | -987,200 | 3.4M | -916,600 | 1.6M | 347,500 |
| Other Income | 13.0M | 1.7M | 5.9M | 2.1M | 2.0M | 6.1M | -- | -- | -- | -- | -- |
| Income Before Tax | 168.0M | 122.0M | 97.0M | 76.8M | 54.0M | 35.8M | 7.9M | 16.4M | 1.8M | 2.7M | -1.8M |
| Income Tax | -- | -- | -- | -- | -- | -- | -95,100 | 2.0M | 818,500 | 703,100 | -118,200 |
| Net Income | 168.0M | 122.0M | 97.0M | 76.8M | 54.0M | 35.8M | 8.0M | 14.4M | 1.0M | 2.0M | -1.7M |
| Net Margin % | 17.4% | 14.7% | 14.5% | 12.9% | 12.2% | 7.8% | 4.2% | 6.4% | 0.7% | 2.3% | -3.1% |
| Net Income Attributable | 168.0M | 122.0M | 97.0M | 76.8M | 54.0M | 35.8M | 8.1M | 14.4M | 1.9M | 2.6M | -1.2M |
| Minority Interest | -- | -- | -- | -- | -- | -2,800 | -98,400 | -89,800 | -852,500 | -575,200 | -543,000 |
| Eps Basic | 1.12 | 0.81 | 0.65 | 0.51 | 0.38 | 0.28 | 0.08 | 0.17 | 0.03 | 0.05 | -0.03 |
| Eps Diluted | 1.12 | 0.81 | 0.65 | 0.51 | 0.38 | 0.28 | 0.08 | 0.17 | 0.03 | 0.05 | -0.03 |
| 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 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 173.0M | 107.0M | 63.8M | 52.1M | 27.5M | 32.6M | 6.9M | 19.9M | 10.6M | 1.6M | 8.5M |
| Accounts Receivable | 297.0M | 278.0M | 241.0M | 155.0M | 149.0M | 132.0M | 54.8M | 82.5M | 24.2M | 21.7M | 5.1M |
| Notes Receivable | 2.5M | 4.6M | 3.8M | 3.5M | 712,500 | 139,400 | 2.3M | 100,000 | 150,000 | 126,400 | -- |
| Notes And Accounts Receivable | 300.0M | 283.0M | 245.0M | 158.0M | 150.0M | 132.0M | 57.1M | 82.6M | 24.3M | 21.8M | 5.1M |
| Prepayments | 155.0M | 117.0M | 53.0M | 46.4M | 35.6M | 14.4M | 9.2M | 608,000 | 1.7M | 13.5M | 3.0M |
| Inventory | 571.0M | 476.0M | 361.0M | 309.0M | 255.0M | 189.0M | 43.4M | 19.9M | 32.2M | 70.5M | 36.5M |
| Total Current Assets | 1.2B | 992.0M | 732.0M | 572.0M | 481.0M | 387.0M | 123.0M | 129.0M | 73.9M | 126.0M | 60.5M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.2M |
| Fixed Assets | -- | 195.0M | 143.0M | 137.0M | 141.0M | -- | 221.0M | 194.0M | 59.3M | 39.2M | 37.9M |
| Fixed Assets Total | 174.0M | 195.0M | 143.0M | 137.0M | 141.0M | 136.0M | 221.0M | 194.0M | 59.3M | 39.2M | 37.9M |
| Construction In Progress | -- | 660,600 | 56.3M | 1.1M | 1.7M | -- | -- | 750,200 | 64.3M | 25.1M | 11.3M |
| Construction In Progress Total | -- | 660,600 | 56.3M | 1.1M | 1.7M | 779,400 | -- | 750,200 | 64.3M | 25.1M | 11.3M |
| Intangible Assets | 13.9M | 14.3M | 14.5M | 14.8M | 15.2M | 15.5M | 17.6M | 17.9M | 10.6M | 1.1M | 1.1M |
| Long Term Deferred Expenses | 8.2M | 882,900 | 2.1M | 2.2M | 2.4M | 478,700 | 1.5M | 662,400 | 1.0M | 840,300 | 843,000 |
| Total Non Current Assets | 197.0M | 212.0M | 217.0M | 169.0M | 176.0M | 183.0M | 242.0M | 215.0M | 146.0M | 68.8M | 53.2M |
| Total Assets | 1.4B | 1.2B | 950.0M | 741.0M | 657.0M | 570.0M | 364.0M | 344.0M | 219.0M | 195.0M | 114.0M |
| Short Term Borrowings | 158.0M | 247.0M | 204.0M | 161.0M | 130.0M | 101.0M | 82.1M | 66.5M | 50.0M | 35.0M | 33.0M |
| Accounts Payable | 27.6M | 54.6M | 39.2M | 17.0M | 17.4M | 56.4M | 57.6M | 46.4M | 64.5M | 29.1M | 7.0M |
| Advance Receipts | -- | -- | -- | 17,300 | 27,800 | 1.2M | 5.2M | 275,300 | 175,800 | 4.3M | 3.1M |
| Contract Liabilities | 2.1M | 2.3M | 2.4M | 799,900 | 4.7M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 489.0M | 395.0M | 320.0M | 194.0M | 205.0M | 213.0M | 172.0M | 165.0M | 134.0M | 138.0M | 60.3M |
| Long Term Borrowings | 6.0M | 62.4M | 5.0M | 19.9M | -- | 10.0M | 38.8M | 46.0M | -- | -- | -- |
| Total Non Current Liabilities | 9.6M | 63.0M | 5.8M | 21.0M | 1.7M | 14.7M | 40.4M | 46.4M | 1.4M | 4.3M | 2.9M |
| Total Liabilities | 498.0M | 458.0M | 326.0M | 215.0M | 207.0M | 228.0M | 212.0M | 212.0M | 135.0M | 142.0M | 63.2M |
| Paid In Capital | 150.0M | 150.0M | 150.0M | 150.0M | 150.0M | 136.0M | 99.6M | 95.5M | 80.0M | 50.0M | 50.0M |
| Capital Reserve | 143.0M | 143.0M | 143.0M | 143.0M | 143.0M | 104.0M | 34.0M | 26.0M | 8.9M | 322,300 | -- |
| Surplus Reserve | 62.5M | 45.7M | 33.5M | 23.8M | 16.1M | 10.7M | 2.2M | 1.7M | 281,800 | 582,200 | 56,500 |
| Retained Earnings | 558.0M | 406.0M | 297.0M | 210.0M | 140.0M | 91.8M | 16.3M | 8.7M | -4.3M | 1.8M | 112,900 |
| Minority Equity | -- | -- | -- | -- | -- | -- | -- | 28,600 | -574,100 | 278,300 | 353,600 |
| Equity Attributable | 914.0M | 746.0M | 624.0M | 527.0M | 450.0M | 343.0M | 152.0M | 132.0M | 84.9M | 52.7M | 50.2M |
| Total Equity | 914.0M | 746.0M | 624.0M | 527.0M | 450.0M | 343.0M | 152.0M | 132.0M | 84.3M | 53.0M | 50.5M |
| 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 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 953.0M | 826.0M | 607.0M | 606.0M | 415.0M | 459.0M | 219.0M | 202.0M | 164.0M | 84.9M | 57.8M |
| Tax Refunds Received | -- | -- | 4.0M | 130,900 | 3.5M | 2.7M | 287,800 | -- | -- | -- | -- |
| Total Operating Cash Inflow | 961.0M | 827.0M | 620.0M | 610.0M | 439.0M | 467.0M | 239.0M | 230.0M | 180.0M | 94.6M | 63.2M |
| Cash Paid For Goods | 730.0M | 772.0M | 540.0M | 537.0M | 465.0M | 455.0M | 210.0M | 169.0M | 95.8M | 103.0M | 75.1M |
| Cash Paid To Employees | 12.8M | 11.0M | 10.1M | 8.7M | 7.0M | 7.7M | 7.6M | 6.8M | 7.0M | 6.0M | 4.5M |
| Taxes Paid | 12.4M | 21.3M | 19.4M | 10.5M | 8.6M | 4.1M | 9.8M | 13.6M | 2.3M | 2.5M | 2.8M |
| Total Operating Cash Outflow | 828.0M | 833.0M | 597.0M | 580.0M | 487.0M | 493.0M | 245.0M | 232.0M | 112.0M | 139.0M | 87.7M |
| Operating Cash Flow | 132.0M | -5.5M | 22.8M | 29.9M | -47.8M | -25.9M | -5.7M | -1.9M | 68.4M | -44.4M | -24.4M |
| Total Investing Cash Inflow | 538,300 | 47,400 | 61,000 | 2.3M | 14.8M | 103,700 | 6.1M | 2.6M | 4.1M | 298,000 | 168,400 |
| Total Investing Cash Outflow | 24.2M | 20.9M | 48.8M | 3.6M | 14.3M | 2.1M | 18.0M | 101.0M | 53.2M | 23.7M | 4.6M |
| Investing Cash Flow | -23.7M | -20.8M | -48.7M | -1.3M | 550,500 | -2.0M | -11.9M | -98.5M | -49.1M | -23.4M | -4.4M |
| Cash From Borrowings | 202.0M | 320.0M | 224.0M | 180.0M | 207.0M | 100.0M | 97.1M | 115.0M | 50.0M | 35.0M | 36.0M |
| Dividends And Interest Paid | 13.3M | 12.3M | 9.7M | 10.2M | 7.8M | 8.2M | 7.1M | 4.9M | 2.9M | 2.7M | 2.7M |
| Debt Repayments | 263.0M | 238.0M | 172.0M | 130.0M | 203.0M | 98.0M | 78.3M | 52.0M | 35.0M | 33.0M | 36.0M |
| Total Financing Cash Inflow | 202.0M | 331.0M | 275.0M | 260.0M | 446.0M | 317.0M | 171.0M | 208.0M | 158.0M | 121.0M | 62.3M |
| Total Financing Cash Outflow | 278.0M | 262.0M | 235.0M | 263.0M | 392.0M | 280.0M | 151.0M | 114.0M | 169.0M | 59.2M | 39.1M |
| Financing Cash Flow | -76.5M | 69.2M | 40.0M | -2.5M | 54.2M | 37.1M | 20.2M | 94.0M | -10.3M | 61.5M | 23.2M |
| Net Change In Cash | 32.3M | 42.8M | 14.1M | 26.1M | 7.0M | 9.2M | 2.6M | -6.4M | 9.0M | -6.3M | -5.6M |
| Ending Cash Balance | 139.0M | 107.0M | 63.8M | 49.7M | 23.5M | 16.6M | 6.9M | 4.2M | 10.6M | 1.5M | 7.9M |
| Capex | 24.2M | 20.9M | 48.8M | 3.6M | 14.3M | 2.1M | 18.0M | 101.0M | 53.2M | 17.7M | 4.6M |