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 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 724.0M | 664.0M | 885.0M | 610.0M | 464.0M | 447.0M | 511.0M | 507.0M | 398.0M | 385.0M | 312.0M | 178.0M |
| Revenue Growth % | 9.0% | -25.0% | 45.1% | 31.5% | 3.8% | -12.5% | 0.8% | 27.4% | 3.4% | 23.4% | 75.3% | -- |
| Total Revenue | 724.0M | 664.0M | 885.0M | 610.0M | 464.0M | 447.0M | 511.0M | 507.0M | 398.0M | 385.0M | 312.0M | 178.0M |
| Cost Of Revenue | 643.0M | 546.0M | 703.0M | 523.0M | 350.0M | 323.0M | 363.0M | 376.0M | 280.0M | 286.0M | 245.0M | 139.0M |
| Gross Profit | 81.0M | 118.0M | 182.0M | 87.0M | 114.0M | 124.0M | 148.0M | 131.0M | 118.0M | 99.0M | 67.0M | 39.0M |
| Gross Margin % | 11.2% | 17.8% | 20.6% | 14.3% | 24.6% | 27.7% | 29.0% | 25.8% | 29.6% | 25.7% | 21.5% | 21.9% |
| Total Operating Cost | 717.0M | 645.0M | 754.0M | 580.0M | 402.0M | 363.0M | 395.0M | 429.0M | 310.0M | 316.0M | 278.0M | 155.0M |
| Selling Expenses | 19.9M | 18.5M | 14.9M | 11.6M | 10.9M | 10.7M | 10.6M | 10.5M | 7.7M | 8.7M | 7.7M | 3.3M |
| Admin Expenses | 23.4M | 24.3M | 14.6M | 12.5M | 11.7M | 14.1M | 10.9M | 11.9M | 9.3M | 24.5M | 23.1M | 10.6M |
| Rd Expenses | 28.5M | 29.9M | 33.1M | 22.0M | 16.3M | 16.6M | 15.9M | 17.6M | 14.9M | -- | -- | -- |
| Finance Expenses | -8.0M | -10.0M | -19.9M | 5.1M | 11.6M | -6.0M | -12.1M | 7.9M | -7.2M | -7.0M | 234,400 | 2.2M |
| Operating Income | 14.5M | 24.2M | 139.0M | 52.5M | 90.6M | 94.5M | 116.0M | 79.8M | 89.2M | 69.0M | 33.9M | 22.4M |
| Operating Margin % | 2.0% | 3.6% | 15.7% | 8.6% | 19.5% | 21.1% | 22.7% | 15.7% | 22.4% | 17.9% | 10.9% | 12.6% |
| Non Operating Income | 34,200 | 4,600 | 2.0M | 1,400 | 10.4M | 19,400 | 130,300 | 69,500 | 2.2M | 3.6M | 2.5M | 6,300 |
| Non Operating Expenses | 153,700 | 24,500 | 7,400 | 409,100 | 207,400 | 44,300 | 126,300 | 41,500 | 34,800 | 5,100 | 3,300 | -- |
| Investment Income | 5.5M | 6.0M | 8.2M | 16.2M | 17.4M | 6.8M | 260,100 | 401,300 | 463,700 | 326,100 | 298,500 | 1,036 |
| Fair Value Change Income | -275,500 | -1.6M | -3.0M | 3.9M | 4.5M | 77,600 | -2.8M | -- | -- | -- | -- | -- |
| Asset Disposal Income | -- | -1.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 1.1M | 9.3M | 2.3M | 1.3M | 615,400 | 456,500 | 1.2M | 896,200 | 620,400 | 565,000 | 837,100 | 412,100 |
| Other Income | 2.4M | 2.7M | 3.1M | 2.4M | 6.8M | 3.5M | 2.0M | 2.0M | -- | -- | -- | -- |
| Income Before Tax | 14.3M | 24.2M | 141.0M | 52.1M | 101.0M | 94.4M | 116.0M | 79.8M | 91.4M | 72.7M | 36.4M | 22.4M |
| Income Tax | 899,000 | 3.0M | 16.8M | 6.2M | 14.5M | 13.2M | 17.1M | 12.1M | 14.0M | 11.6M | 5.4M | 5.2M |
| Net Income | 13.4M | 21.2M | 124.0M | 46.0M | 86.3M | 81.2M | 98.9M | 67.7M | 77.4M | 61.0M | 31.0M | 17.2M |
| Net Margin % | 1.9% | 3.2% | 14.0% | 7.5% | 18.6% | 18.2% | 19.4% | 13.4% | 19.4% | 15.9% | 9.9% | 9.7% |
| Net Income Attributable | 16.8M | 23.3M | 121.0M | 46.0M | 86.3M | 81.2M | 98.9M | 67.7M | 77.5M | 61.2M | 31.0M | 17.2M |
| Minority Interest | -3.4M | -2.1M | 3.1M | -- | -- | -- | -- | -- | -148,100 | -157,500 | -300.00 | -- |
| Eps Basic | 0.10 | 0.14 | 0.74 | 0.28 | 0.52 | 0.52 | 1.14 | 1.17 | 1.35 | 1.09 | 0.58 | 0.53 |
| Eps Diluted | 0.10 | 0.14 | 0.74 | 0.28 | 0.52 | 0.52 | 1.14 | 1.17 | 1.35 | 1.09 | 0.58 | 0.53 |
| 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 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 191.0M | 90.9M | 127.0M | 101.0M | 146.0M | 57.7M | 195.0M | 115.0M | 65.9M | 21.5M | 18.3M | 3.7M |
| Trading Financial Assets | -- | 5.5M | 6.0M | 8.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 140.0M | 104.0M | 247.0M | 131.0M | 76.5M | 96.1M | 95.6M | 65.4M | 52.8M | 68.2M | 58.6M | 50.6M |
| Notes Receivable | 8.6M | 3.2M | 6.1M | 4.2M | 7.2M | 2.1M | 1.8M | 24.8M | 240,000 | -- | -- | 2.6M |
| Notes And Accounts Receivable | 148.0M | 107.0M | 253.0M | 135.0M | 83.7M | 98.3M | 97.5M | 90.1M | 53.1M | 68.2M | 58.6M | 53.2M |
| Prepayments | 3.6M | 35.4M | 14.2M | 74.5M | 10.1M | 4.3M | 7.0M | 9.4M | 10.8M | 2.8M | 4.8M | 728,300 |
| Inventory | 316.0M | 327.0M | 369.0M | 227.0M | 118.0M | 85.1M | 72.6M | 77.8M | 81.4M | 53.8M | 62.5M | 41.1M |
| Total Current Assets | 872.0M | 860.0M | 1.0B | 887.0M | 868.0M | 821.0M | 387.0M | 297.0M | 239.0M | 175.0M | 170.0M | 114.0M |
| Long Term Equity Investment | 1.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 190.0M | 105.0M | 68.2M | 58.4M | 47.5M | 50.1M | 54.6M | 41.4M | 44.4M | 51.7M | 4.2M |
| Fixed Assets Total | 248.0M | 190.0M | 105.0M | 68.2M | 58.4M | 47.5M | 50.1M | 54.6M | 41.4M | 44.4M | 51.7M | 4.2M |
| Construction In Progress | -- | 49.6M | 84.7M | 66.5M | 40.6M | 24.1M | 16.9M | -- | -- | 6.1M | -- | 9.6M |
| Construction In Progress Total | 1.0M | 49.6M | 84.7M | 66.5M | 40.6M | 24.1M | 16.9M | -- | 8.5M | 6.1M | -- | 9.6M |
| Intangible Assets | 16.2M | 16.8M | 15.4M | 15.7M | 16.1M | 16.5M | 16.8M | 17.0M | 17.3M | 17.6M | 17.9M | -- |
| Long Term Deferred Expenses | 2.7M | 703,900 | 1.5M | 2.8M | 4.4M | 5.7M | 7.7M | 9.7M | 11.7M | 13.7M | 15.7M | -- |
| Total Non Current Assets | 284.0M | 279.0M | 231.0M | 166.0M | 120.0M | 96.4M | 93.7M | 82.8M | 83.6M | 82.4M | 87.0M | 32.2M |
| Total Assets | 1.2B | 1.1B | 1.3B | 1.1B | 989.0M | 917.0M | 481.0M | 380.0M | 323.0M | 257.0M | 257.0M | 147.0M |
| Short Term Borrowings | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5.5M |
| Accounts Payable | 235.0M | 159.0M | 239.0M | 146.0M | 101.0M | 92.2M | 105.0M | 105.0M | 80.5M | 60.6M | 71.1M | 58.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 2.1M | 1.2M | 1.2M | 4.5M | 1.3M | 4.2M | 2.0M |
| Contract Liabilities | 6.2M | 5.8M | 4.7M | 4.3M | 2.0M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 251.0M | 230.0M | 301.0M | 195.0M | 126.0M | 102.0M | 118.0M | 115.0M | 91.1M | 83.1M | 78.8M | 69.3M |
| Total Non Current Liabilities | 19.2M | 24.1M | 24.0M | 24.2M | 26.0M | 22.4M | 19.3M | 20.7M | 16.9M | 17.6M | 16.3M | 10.3M |
| Total Liabilities | 271.0M | 254.0M | 325.0M | 219.0M | 152.0M | 124.0M | 138.0M | 135.0M | 108.0M | 101.0M | 95.1M | 79.6M |
| Paid In Capital | 164.0M | 164.0M | 164.0M | 164.0M | 164.0M | 110.0M | 57.8M | 57.8M | 57.8M | 56.2M | 56.2M | 50.0M |
| Capital Reserve | 364.0M | 364.0M | 364.0M | 363.0M | 363.0M | 418.0M | 32.8M | 32.8M | 32.8M | 15.2M | 60.0M | 46,900 |
| Surplus Reserve | 72.6M | 69.7M | 66.2M | 55.5M | 50.8M | 42.5M | 34.4M | 25.1M | 18.8M | 11.4M | 5.1M | 1.7M |
| Retained Earnings | 290.0M | 289.0M | 334.0M | 250.0M | 258.0M | 223.0M | 218.0M | 129.0M | 105.0M | 73.0M | 40.7M | 15.3M |
| Minority Equity | 19.3M | 22.6M | 26.1M | -- | -- | -- | -- | -- | 319,500 | 467,600 | -300.00 | -- |
| Equity Attributable | 866.0M | 862.0M | 906.0M | 833.0M | 837.0M | 793.0M | 343.0M | 244.0M | 214.0M | 156.0M | 162.0M | 67.0M |
| Total Equity | 885.0M | 885.0M | 932.0M | 833.0M | 837.0M | 793.0M | 343.0M | 244.0M | 215.0M | 156.0M | 162.0M | 67.0M |
| 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 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 652.0M | 772.0M | 765.0M | 575.0M | 466.0M | 442.0M | 498.0M | 464.0M | 419.0M | 378.0M | 312.0M | 131.0M |
| Tax Refunds Received | 44.1M | 59.2M | 68.5M | 43.8M | 30.7M | 38.0M | 41.0M | 44.4M | 33.5M | 44.5M | 33.4M | 14.5M |
| Total Operating Cash Inflow | 701.0M | 837.0M | 841.0M | 622.0M | 518.0M | 489.0M | 544.0M | 518.0M | 456.0M | 429.0M | 355.0M | 157.0M |
| Cash Paid For Goods | 414.0M | 537.0M | 663.0M | 615.0M | 332.0M | 304.0M | 313.0M | 311.0M | 273.0M | 278.0M | 228.0M | 144.0M |
| Cash Paid To Employees | 142.0M | 138.0M | 141.0M | 113.0M | 86.4M | 87.9M | 83.9M | 83.3M | 70.1M | 65.1M | 58.6M | 12.1M |
| Taxes Paid | 10.2M | 24.4M | 22.5M | 13.7M | 24.2M | 24.4M | 28.7M | 26.4M | 26.1M | 23.6M | 19.9M | 2.7M |
| Total Operating Cash Outflow | 594.0M | 730.0M | 845.0M | 757.0M | 456.0M | 434.0M | 441.0M | 439.0M | 378.0M | 379.0M | 316.0M | 163.0M |
| Operating Cash Flow | 107.0M | 106.0M | -4.4M | -135.0M | 62.2M | 55.1M | 103.0M | 78.9M | 77.7M | 50.4M | 39.3M | -6.6M |
| Total Investing Cash Inflow | 1.3B | 1.1B | 1.6B | 2.4B | 1.8B | 1.2B | 110.0M | 108.0M | 67.8M | 95.9M | 105.0M | 2.0M |
| Total Investing Cash Outflow | 1.2B | 1.2B | 1.6B | 2.3B | 1.8B | 1.8B | 147.0M | 93.6M | 73.4M | 135.0M | 131.0M | 24.2M |
| Investing Cash Flow | 59.1M | -85.1M | 44.3M | 125.0M | 63.4M | -560.0M | -36.9M | 14.2M | -5.6M | -39.5M | -25.7M | -22.2M |
| Cash From Borrowings | -- | 14.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- | 10.8M |
| Dividends And Interest Paid | 64.8M | 54.9M | 19.6M | 31.2M | 27.1M | 49.7M | -- | 37.6M | 53.8M | 14.5M | 86,700 | 47,900 |
| Debt Repayments | -- | 14.7M | -- | -- | -- | -- | -- | -- | -- | -- | 5.6M | 5.2M |
| Total Financing Cash Inflow | -- | 14.7M | 23.3M | -- | -- | 435.0M | -- | -- | 19.2M | 626,500 | 6.2M | 32.2M |
| Total Financing Cash Outflow | 69.9M | 75.1M | 45.3M | 31.6M | 27.1M | 63.1M | -- | 37.6M | 53.8M | 14.5M | 5.7M | 5.2M |
| Financing Cash Flow | -69.9M | -60.4M | -22.0M | -31.6M | -27.1M | 372.0M | -- | -37.6M | -34.6M | -13.9M | 511,100 | 27.0M |
| Net Change In Cash | 101.0M | -36.7M | 27.2M | -46.4M | 88.2M | -131.0M | 73.4M | 49.4M | 44.4M | 3.1M | 14.6M | -3.5M |
| Ending Cash Balance | 191.0M | 89.9M | 127.0M | 99.4M | 146.0M | 57.7M | 189.0M | 115.0M | 65.8M | 21.5M | 18.3M | 3.7M |
| Capex | 28.9M | 47.6M | 68.4M | 57.3M | 32.0M | 12.2M | 20.5M | 7.9M | 9.7M | 32.4M | 13.5M | 16.7M |