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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 319.0M | 244.0M | 367.0M | 401.0M | 361.0M | 321.0M | 269.0M | 235.0M | 175.0M | 154.0M | 118.0M | 87.5M | 50.8M |
| Revenue Growth % | 30.7% | -33.5% | -8.5% | 11.1% | 12.5% | 19.3% | 14.5% | 34.3% | 13.6% | 30.5% | 34.9% | 72.3% | -- |
| Total Revenue | 319.0M | 244.0M | 367.0M | 401.0M | 361.0M | 321.0M | 269.0M | 235.0M | 175.0M | 154.0M | 118.0M | 87.5M | 50.8M |
| Cost Of Revenue | 132.0M | 106.0M | 115.0M | 151.0M | 140.0M | 124.0M | 105.0M | 92.0M | 70.8M | 69.4M | 62.2M | 39.1M | 28.4M |
| Gross Profit | 187.0M | 138.0M | 252.0M | 250.0M | 221.0M | 197.0M | 164.0M | 143.0M | 104.2M | 84.6M | 55.8M | 48.3M | 22.4M |
| Gross Margin % | 58.6% | 56.6% | 68.7% | 62.3% | 61.2% | 61.4% | 61.0% | 60.8% | 59.5% | 54.9% | 47.3% | 55.3% | 44.0% |
| Total Operating Cost | 245.0M | 206.0M | 251.0M | 254.0M | 213.0M | 187.0M | 167.0M | 146.0M | 112.0M | 106.0M | 88.3M | 63.5M | 47.8M |
| Selling Expenses | 30.7M | 25.0M | 20.2M | 18.8M | 13.0M | 15.0M | 12.9M | 11.9M | 11.0M | 9.5M | 8.4M | 5.7M | 4.6M |
| Admin Expenses | 31.3M | 33.4M | 32.1M | 28.0M | 25.2M | 26.6M | 23.7M | 22.4M | 17.1M | 12.0M | 18.1M | 15.0M | 13.1M |
| Rd Expenses | 39.4M | 36.9M | 42.9M | 40.1M | 31.4M | 19.4M | 14.7M | 12.6M | 11.7M | 10.8M | -- | -- | -- |
| Finance Expenses | 2.8M | -1.3M | -1.9M | -6.3M | -6.7M | -1.3M | -2.0M | 1.3M | -2.5M | -854,600 | -1.6M | -359,700 | 352,600 |
| Operating Income | 98.3M | 65.1M | 139.0M | 171.0M | 159.0M | 141.0M | 108.0M | 91.8M | 63.2M | 48.6M | 29.3M | 24.0M | 3.0M |
| Operating Margin % | 30.8% | 26.7% | 37.9% | 42.6% | 44.0% | 43.9% | 40.1% | 39.1% | 36.1% | 31.5% | 24.9% | 27.4% | 5.9% |
| Non Operating Income | 355,800 | 3.1M | 256,400 | 3.2M | 13,900 | 3.4M | 1.4M | 310,800 | 1.7M | 648,600 | 2.6M | 403,900 | 273,600 |
| Non Operating Expenses | 179,600 | 211,900 | 2.2M | 1.0M | 395,500 | 278,600 | 180,400 | 250,300 | 100,000 | 4,100 | 433,100 | 106,400 | 1,800 |
| Investment Income | 7.4M | 8.9M | 13.7M | 10.9M | 3.3M | -- | -- | -- | -- | -- | -- | -- | -- |
| Fair Value Change Income | 149,700 | -- | -439,700 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -- | -- | 56,800 | 468,100 | -- | -- | 4,900 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 5.7M | -1.2M | 2.3M | 2.6M | 1.9M | -- | 9.0M | 2.5M | 1.5M | 2.8M | -455,100 | 2.2M | 439,400 |
| Other Income | 17.0M | 17.6M | 10.1M | 12.3M | 8.0M | 7.1M | 6.1M | 2.0M | -- | -- | -- | -- | -- |
| Income Before Tax | 98.4M | 68.0M | 138.0M | 173.0M | 158.0M | 144.0M | 110.0M | 91.8M | 64.8M | 49.2M | 31.5M | 24.3M | 3.3M |
| Income Tax | 10.5M | 5.7M | 15.2M | 21.6M | 21.0M | 20.3M | 14.4M | 14.2M | 9.3M | 6.8M | 4.8M | 3.4M | 336,200 |
| Net Income | 87.9M | 62.3M | 122.0M | 151.0M | 137.0M | 124.0M | 95.1M | 77.6M | 55.5M | 42.4M | 26.7M | 20.8M | 2.9M |
| Net Margin % | 27.6% | 25.5% | 33.2% | 37.7% | 38.0% | 38.6% | 35.4% | 33.0% | 31.7% | 27.5% | 22.6% | 23.8% | 5.8% |
| Net Income Attributable | 88.1M | 62.2M | 122.0M | 151.0M | 137.0M | 124.0M | 95.1M | 78.0M | 55.6M | 42.4M | 26.7M | 20.8M | 2.9M |
| Minority Interest | -163,300 | 145,600 | -45,500 | 87,900 | 39,300 | -71,600 | -37,700 | -318,700 | -47,600 | -- | -- | -- | -- |
| Eps Basic | 0.36 | 0.25 | 0.70 | 0.86 | 0.78 | 0.94 | 0.72 | 0.59 | 0.42 | 0.44 | 0.44 | 0.35 | 0.05 |
| Eps Diluted | 0.36 | 0.25 | 0.70 | 0.86 | 0.78 | 0.94 | 0.72 | 0.59 | 0.42 | 0.44 | 0.44 | 0.35 | 0.05 |
| 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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 337.0M | 333.0M | 536.0M | 670.0M | 708.0M | 695.0M | 213.0M | 230.0M | 220.0M | 234.0M | 58.1M | 43.1M | 44.0M |
| Trading Financial Assets | 27.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 435.0M | 459.0M | 498.0M | 386.0M | 312.0M | 255.0M | 249.0M | 165.0M | 136.0M | -- | 76.2M | 83.6M | 54.6M |
| Notes Receivable | 60.2M | 69.7M | 57.2M | 40.2M | 19.5M | 17.1M | 36.7M | 29.7M | 11.6M | -- | 14.1M | 4.3M | 7.3M |
| Notes And Accounts Receivable | 495.0M | 528.0M | 556.0M | 426.0M | 332.0M | 272.0M | 285.0M | 195.0M | 148.0M | 108.0M | 90.3M | 88.0M | 61.9M |
| Prepayments | 1.0M | 2.7M | 1.6M | 1.1M | 1.8M | 1.5M | 4.2M | 1.6M | 1.3M | 1.9M | 6.6M | 6.4M | 6.6M |
| Inventory | 155.0M | 141.0M | 93.9M | 74.1M | 104.0M | 104.0M | 72.0M | 63.5M | 63.6M | 30.5M | 35.0M | 37.4M | 21.9M |
| Total Current Assets | 1.2B | 1.1B | 1.2B | 1.3B | 1.2B | 1.1B | 579.0M | 493.0M | 438.0M | 378.0M | 193.0M | 178.0M | 138.0M |
| Fixed Assets | -- | 123.0M | 121.0M | 56.7M | 36.5M | 38.8M | 21.8M | 12.0M | 12.2M | 8.7M | 9.4M | 3.8M | 3.9M |
| Fixed Assets Total | 117.0M | 123.0M | 121.0M | 56.7M | 36.5M | 38.8M | 21.8M | 12.0M | 12.2M | 8.7M | 9.4M | 3.8M | 3.9M |
| Construction In Progress | -- | 2.8M | 6.6M | 50.7M | 44.7M | 36.6M | 4.8M | 6.2M | 6.2M | 5.3M | 4.2M | -- | -- |
| Construction In Progress Total | 10.6M | 2.8M | 6.6M | 50.7M | 44.7M | 36.6M | 4.8M | 6.2M | 6.2M | 5.3M | 4.2M | -- | -- |
| Intangible Assets | 2.4M | 7.4M | 2.6M | 2.8M | 3.0M | 3.4M | 3.3M | 3.2M | 3.3M | 3.2M | 3.1M | 3.2M | 3.2M |
| Long Term Deferred Expenses | 991,900 | 1.8M | 2.4M | 3.2M | 2.3M | 342,400 | 704,300 | 1.0M | 1.4M | 748,400 | -- | 106,600 | 289,400 |
| Total Non Current Assets | 224.0M | 326.0M | 295.0M | 150.0M | 112.0M | 92.6M | 48.6M | 33.3M | 33.5M | 26.9M | 18.9M | 9.4M | 9.1M |
| Total Assets | 1.5B | 1.4B | 1.5B | 1.4B | 1.3B | 1.2B | 628.0M | 526.0M | 472.0M | 405.0M | 212.0M | 188.0M | 147.0M |
| Short Term Borrowings | 49.9M | -- | 50.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Payable | 58.1M | 48.0M | 119.0M | 65.3M | 63.5M | 108.0M | 59.4M | 49.2M | 50.7M | -- | 25.1M | 33.2M | 18.1M |
| Advance Receipts | -- | -- | -- | -- | -- | 27.9M | 46.0M | 38.3M | 25.1M | 17.4M | 11.6M | 8.1M | 7.3M |
| Contract Liabilities | 61.3M | 39.9M | 12.9M | 28.3M | 38.6M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 225.0M | 141.0M | 276.0M | 170.0M | 160.0M | 181.0M | 150.0M | 127.0M | 109.0M | 77.0M | 48.6M | 49.5M | 31.9M |
| Total Non Current Liabilities | 13.5M | 9.9M | 5.6M | 11.8M | 501,800 | 728,600 | 1.8M | 2.8M | 3.9M | 4.5M | 3.0M | 4.8M | 2.8M |
| Total Liabilities | 238.0M | 151.0M | 281.0M | 182.0M | 160.0M | 182.0M | 152.0M | 130.0M | 113.0M | 81.5M | 51.6M | 54.2M | 34.7M |
| Paid In Capital | 246.0M | 246.0M | 176.0M | 176.0M | 176.0M | 176.0M | 132.0M | 132.0M | 132.0M | 66.1M | 60.0M | 60.0M | 60.0M |
| Capital Reserve | 387.0M | 387.0M | 468.0M | 468.0M | 468.0M | 468.0M | 57.4M | 57.4M | 57.4M | 124.0M | 9.2M | 9.2M | 9.2M |
| Surplus Reserve | 90.6M | 84.2M | 79.4M | 72.4M | 58.5M | 45.7M | 34.0M | 24.7M | 16.6M | 10.9M | 7.4M | 4.7M | 2.5M |
| Retained Earnings | 498.0M | 527.0M | 574.0M | 546.0M | 444.0M | 346.0M | 251.0M | 181.0M | 151.0M | 123.0M | 83.8M | 59.7M | 41.1M |
| Minority Equity | 588,200 | 751,500 | 605,900 | 651,400 | 563,500 | 924,400 | 996,000 | 1.0M | 1.4M | -- | -- | -- | -- |
| Equity Attributable | 1.2B | 1.2B | 1.3B | 1.2B | 1.1B | 1.0B | 475.0M | 395.0M | 358.0M | 323.0M | 160.0M | 134.0M | 113.0M |
| Total Equity | 1.2B | 1.2B | 1.3B | 1.2B | 1.1B | 1.0B | 476.0M | 396.0M | 359.0M | 323.0M | 160.0M | 134.0M | 113.0M |
| 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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 428.0M | 321.0M | 289.0M | 298.0M | 351.0M | 332.0M | 234.0M | 245.0M | 181.0M | 171.0M | 141.0M | 76.6M | 70.2M |
| Tax Refunds Received | 13.3M | 10.6M | 645,900 | 8.8M | 4.9M | 6.0M | 5.1M | 966,200 | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 458.0M | 364.0M | 312.0M | 341.0M | 417.0M | 377.0M | 271.0M | 282.0M | 224.0M | 184.0M | 158.0M | 92.0M | 73.5M |
| Cash Paid For Goods | 107.0M | 208.0M | 133.0M | 116.0M | 204.0M | 138.0M | 126.0M | 111.0M | 112.0M | 63.3M | 76.4M | 37.2M | 34.3M |
| Cash Paid To Employees | 65.7M | 64.8M | 61.8M | 55.0M | 44.7M | 38.4M | 33.0M | 26.2M | 21.3M | 16.9M | 13.8M | 11.8M | 9.1M |
| Taxes Paid | 54.9M | 73.5M | 22.6M | 56.2M | 38.5M | 50.2M | 50.2M | 38.9M | 18.5M | 20.6M | 11.9M | 18.8M | 4.9M |
| Total Operating Cash Outflow | 278.0M | 397.0M | 266.0M | 266.0M | 336.0M | 299.0M | 263.0M | 228.0M | 204.0M | 154.0M | 125.0M | 94.9M | 72.3M |
| Operating Cash Flow | 180.0M | -33.6M | 45.4M | 74.8M | 81.7M | 78.3M | 7.8M | 53.9M | 20.3M | 29.8M | 33.5M | -2.9M | 1.2M |
| Total Investing Cash Inflow | 719.0M | 704.0M | 2.0B | 1.6B | 17.3M | 3,230 | 39,600 | -- | -- | -- | 12,400 | -- | -- |
| Total Investing Cash Outflow | 812.0M | 716.0M | 2.1B | 1.6B | 24.2M | 55.6M | 14.7M | 1.6M | 6.4M | 3.2M | 12.6M | 1.2M | 1.2M |
| Investing Cash Flow | -92.8M | -12.0M | -124.0M | -43.7M | -6.9M | -55.6M | -14.6M | -1.6M | -6.4M | -3.2M | -12.6M | -1.2M | -1.2M |
| Cash From Borrowings | 59.9M | -- | 80.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 111.0M | 105.0M | 88.5M | 35.0M | 26.4M | 17.2M | 15.9M | 39.7M | 21.8M | -- | -- | -- | -- |
| Debt Repayments | 10.0M | 50.0M | 30.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 59.9M | -- | 80.0M | -- | -- | 474.0M | 0.00 | -- | 1.4M | 121.0M | -- | -- | -- |
| Total Financing Cash Outflow | 136.0M | 162.0M | 138.0M | 63.8M | 31.3M | 32.1M | 15.9M | 39.7M | 21.8M | -- | -- | -- | -- |
| Financing Cash Flow | -76.0M | -162.0M | -57.7M | -63.8M | -31.3M | 442.0M | -15.9M | -39.7M | -20.4M | 121.0M | -- | 0.00 | -- |
| Net Change In Cash | 8.8M | -202.0M | -135.0M | -32.5M | 42.6M | 465.0M | -21.9M | 11.5M | -5.8M | 147.0M | 20.9M | -3.7M | -146,700 |
| Ending Cash Balance | 327.0M | 318.0M | 520.0M | 655.0M | 687.0M | 645.0M | 179.0M | 201.0M | 190.0M | 196.0M | 48.4M | 27.5M | 31.2M |
| Capex | 17.5M | 15.9M | 34.7M | 34.8M | 13.5M | 39.5M | 14.7M | 1.6M | 6.4M | 3.2M | 12.6M | 1.2M | 1.2M |