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 | 1.8B | 1.4B | 1.2B | 1.3B | 1.1B | 959.0M | 931.0M | 671.0M | 373.0M | 187.0M | 112.0M | 34.8M |
| Revenue Growth % | 29.3% | 12.2% | -5.5% | 13.4% | 18.5% | 3.0% | 38.7% | 79.9% | 99.5% | 67.0% | 221.9% | -- |
| Total Revenue | 1.8B | 1.4B | 1.2B | 1.3B | 1.1B | 959.0M | 931.0M | 671.0M | 373.0M | 187.0M | 112.0M | 34.8M |
| Cost Of Revenue | 979.0M | 816.0M | 808.0M | 881.0M | 742.0M | 630.0M | 626.0M | 447.0M | 212.0M | 98.1M | 63.4M | 31.7M |
| Gross Profit | 787.0M | 550.0M | 409.0M | 407.0M | 394.0M | 329.0M | 305.0M | 224.0M | 161.0M | 88.9M | 48.6M | 3.1M |
| Gross Margin % | 44.6% | 40.3% | 33.6% | 31.6% | 34.7% | 34.3% | 32.8% | 33.4% | 43.2% | 47.6% | 43.4% | 8.9% |
| Total Operating Cost | 1.6B | 1.3B | 1.2B | 1.3B | 1.0B | 866.0M | 848.0M | 613.0M | 340.0M | 181.0M | 107.0M | 38.4M |
| Selling Expenses | 526.0M | 380.0M | 276.0M | 275.0M | 202.0M | 164.0M | 145.0M | 103.0M | 80.7M | 49.0M | 28.4M | 4.2M |
| Admin Expenses | 98.3M | 93.2M | 89.9M | 73.6M | 63.4M | 52.3M | 42.9M | 32.8M | 27.8M | 31.5M | 14.7M | 2.4M |
| Rd Expenses | 25.7M | 24.0M | 28.3M | 28.3M | 26.1M | 22.4M | 24.8M | 18.7M | 13.7M | -- | -- | -- |
| Finance Expenses | -11.4M | -12.7M | -10.1M | 12.9M | 5.3M | -454,200 | 4.4M | 449,600 | 764,400 | 208,900 | -7,800 | -4,400 |
| Operating Income | 131.0M | 59.3M | 24.4M | 18.2M | 97.8M | 100.0M | 91.5M | 68.0M | 32.4M | 6.5M | 4.8M | -3.6M |
| Operating Margin % | 7.4% | 4.3% | 2.0% | 1.4% | 8.6% | 10.4% | 9.8% | 10.1% | 8.7% | 3.5% | 4.3% | -10.5% |
| Non Operating Income | 125,000 | 47,000 | 194,200 | 5.0M | 3.2M | 36,000 | 181,500 | 548,200 | 5.4M | 2.7M | 71,000 | 35,200 |
| Non Operating Expenses | 2.8M | 2.6M | 1.3M | 565,900 | 791,800 | 155,800 | 89,800 | 756,800 | 1.2M | 112,100 | 5,600 | 500.00 |
| Investment Income | 1.8M | 2.4M | -333,200 | 2.1M | 1.0M | 776,400 | 1.6M | 691,500 | 60,700 | 741,700 | -- | -- |
| Fair Value Change Income | -5.4M | 154,400 | -750,700 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -- | 34,400 | 136,100 | -- | -- | -- | -- | 5,600 | 137,500 | -- | -- | -- |
| Asset Impairment Loss | 8.1M | 1.4M | 761,000 | 2.0M | 29,700 | -2.4M | 3.2M | 9.2M | 4.6M | 1.6M | 433,400 | 90,500 |
| Other Income | 7.6M | 1.6M | 4.2M | 5.7M | 6.1M | 6.4M | 7.1M | 9.2M | -- | -- | -- | -- |
| Income Before Tax | 128.0M | 56.7M | 23.3M | 22.7M | 100.0M | 99.8M | 91.6M | 67.8M | 36.6M | 9.0M | 4.9M | -3.6M |
| Income Tax | 22.4M | 2.4M | -10.5M | -6.0M | 12.2M | 14.0M | 14.2M | 10.2M | 5.9M | 3.8M | 1.4M | -768,300 |
| Net Income | 106.0M | 54.3M | 33.8M | 28.7M | 88.0M | 85.8M | 77.4M | 57.6M | 30.6M | 5.2M | 3.5M | -2.8M |
| Net Margin % | 6.0% | 4.0% | 2.8% | 2.2% | 7.8% | 8.9% | 8.3% | 8.6% | 8.2% | 2.8% | 3.1% | -8.1% |
| Net Income Attributable | 106.0M | 54.3M | 33.7M | 29.2M | 88.5M | 86.3M | 77.3M | 57.8M | 29.8M | 4.9M | 3.5M | -2.8M |
| Minority Interest | -- | -- | 55,100 | -511,600 | -462,600 | -518,800 | 117,000 | -117,000 | 856,000 | 325,100 | -- | -- |
| Eps Basic | 0.65 | 0.33 | 0.28 | 0.24 | 0.90 | 0.95 | 0.91 | 0.70 | 0.40 | 0.07 | -- | -2.83 |
| Eps Diluted | 0.63 | 0.32 | 0.27 | 0.24 | 0.90 | 0.95 | 0.91 | 0.70 | 0.40 | 0.07 | -- | -- |
| 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 | 607.0M | 345.0M | 375.0M | 364.0M | 566.0M | 215.0M | 244.0M | 90.8M | 49.3M | 28.7M | 9.4M | 6.1M |
| Trading Financial Assets | -- | -- | 10.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 199.0M | 169.0M | 119.0M | 134.0M | 126.0M | 81.4M | 115.0M | 78.8M | 31.2M | 30.4M | 8.7M | 962,400 |
| Notes And Accounts Receivable | 199.0M | 169.0M | 119.0M | 134.0M | 126.0M | 81.4M | 115.0M | 78.8M | 31.2M | 30.4M | 8.7M | 962,400 |
| Prepayments | 103.0M | 137.0M | 136.0M | 197.0M | 126.0M | 96.5M | 44.7M | 52.8M | 39.8M | 18.5M | 247,400 | 4.7M |
| Inventory | 226.0M | 319.0M | 194.0M | 306.0M | 263.0M | 173.0M | 150.0M | 123.0M | 83.2M | 53.5M | 24.2M | 3.3M |
| Total Current Assets | 1.2B | 1.0B | 896.0M | 1.1B | 1.1B | 607.0M | 606.0M | 385.0M | 235.0M | 159.0M | 44.3M | 15.9M |
| Long Term Equity Investment | 91.5M | 47.5M | 27.8M | -- | 7.9M | 7.3M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 177.0M | 184.0M | 7.6M | 6.9M | 2.6M | 1.6M | 2.0M | -- | 3.7M | 1.2M | 89,300 |
| Fixed Assets Total | 171.0M | 177.0M | 184.0M | 7.6M | 6.9M | 2.6M | 1.6M | 2.0M | 3.5M | 3.7M | 1.2M | 89,300 |
| Construction In Progress | -- | -- | -- | 124.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | 124.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 4.9M | 6.4M | 7.5M | 8.2M | 7.7M | 7.5M | 4.2M | 4.7M | 1.4M | 1.1M | -- | -- |
| Long Term Deferred Expenses | 9.7M | 2.8M | 4.0M | 1.2M | 706,700 | 277,700 | 605,800 | 596,600 | 708,100 | 1.8M | 2.8M | 74,900 |
| Total Non Current Assets | 362.0M | 306.0M | 307.0M | 171.0M | 42.6M | 34.4M | 23.0M | 21.3M | 8.4M | 8.4M | 5.0M | 932,500 |
| Total Assets | 1.6B | 1.3B | 1.2B | 1.2B | 1.2B | 642.0M | 629.0M | 407.0M | 243.0M | 168.0M | 49.3M | 16.8M |
| Short Term Borrowings | 274.0M | 171.0M | 46.4M | 98.4M | 55.0M | 10.0M | 71.0M | 45.0M | 33.0M | -- | -- | -- |
| Accounts Payable | 47.0M | 20.0M | 15.8M | 27.0M | 20.3M | 29.6M | 50.9M | 26.3M | 18.2M | 21.7M | 3.7M | 9.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 5.9M | 178,800 | 1.6M | 4.1M | 275,500 | 664,000 | 67,000 |
| Contract Liabilities | 1.7M | 3.5M | 7.4M | 7.7M | 13.7M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 407.0M | 243.0M | 116.0M | 164.0M | 117.0M | 87.8M | 168.0M | 114.0M | 76.7M | 32.5M | 38.3M | 18.0M |
| Total Non Current Liabilities | 40.1M | 5.2M | 8.6M | 4.2M | 5.5M | 3.5M | 3.0M | 2.4M | 1.9M | -- | -- | -- |
| Total Liabilities | 447.0M | 249.0M | 124.0M | 168.0M | 122.0M | 91.2M | 171.0M | 117.0M | 78.6M | 32.5M | 38.3M | 18.0M |
| Paid In Capital | 164.0M | 122.0M | 122.0M | 122.0M | 122.0M | 91.3M | 91.3M | 83.3M | 75.0M | 75.0M | 10.0M | 1.0M |
| Capital Reserve | 536.0M | 634.0M | 614.0M | 611.0M | 611.0M | 225.0M | 225.0M | 133.0M | 61.4M | 59.3M | 1.0M | 1.0M |
| Surplus Reserve | 25.7M | 18.8M | 17.2M | 16.8M | 15.1M | 11.1M | 7.0M | 3.5M | 528,800 | -- | 93,100 | -- |
| Retained Earnings | 414.0M | 350.0M | 328.0M | 319.0M | 301.0M | 216.0M | 134.0M | 70.4M | 21.6M | -4.2M | -171,700 | -3.3M |
| Minority Equity | -- | -- | -- | 1.1M | 1.2M | 6.8M | -- | -117,000 | 6.1M | 5.2M | -- | -- |
| Equity Attributable | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 544.0M | 457.0M | 290.0M | 159.0M | 130.0M | 10.9M | -1.3M |
| Total Equity | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 550.0M | 457.0M | 290.0M | 165.0M | 135.0M | 10.9M | -1.3M |
| 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 | 1.9B | 1.4B | 1.3B | 1.4B | 1.2B | 1.1B | 1.0B | 750.0M | 452.0M | 197.0M | 121.0M | 38.1M |
| Tax Refunds Received | -- | 14,000 | 223,200 | 4.3M | 7.7M | -- | 89,300 | 72,400 | 2.2M | -- | -- | -- |
| Total Operating Cash Inflow | 1.9B | 1.4B | 1.3B | 1.4B | 1.2B | 1.1B | 1.0B | 768.0M | 462.0M | 200.0M | 121.0M | 38.1M |
| Cash Paid For Goods | 897.0M | 983.0M | 625.0M | 1.1B | 912.0M | 791.0M | 726.0M | 593.0M | 329.0M | 152.0M | 103.0M | 33.7M |
| Cash Paid To Employees | 180.0M | 186.0M | 183.0M | 150.0M | 137.0M | 111.0M | 88.8M | 59.9M | 56.3M | 23.8M | 14.4M | 2.5M |
| Taxes Paid | 44.4M | 27.3M | 29.0M | 27.9M | 39.9M | 36.0M | 30.0M | 25.2M | 9.7M | 13.1M | 848,000 | 416,100 |
| Total Operating Cash Outflow | 1.6B | 1.5B | 1.1B | 1.5B | 1.3B | 1.1B | 986.0M | 793.0M | 489.0M | 250.0M | 141.0M | 41.0M |
| Operating Cash Flow | 334.0M | -91.8M | 227.0M | -93.4M | -94.4M | 17.1M | 61.8M | -25.1M | -26.8M | -49.8M | -19.4M | -2.8M |
| Total Investing Cash Inflow | 42.9M | 10.9M | 404.0M | 627.0M | 302.0M | 221.0M | 192.0M | 331.0M | 15.1M | 95.7M | -- | -- |
| Total Investing Cash Outflow | 97.8M | 25.7M | 544.0M | 749.0M | 310.0M | 213.0M | 214.0M | 343.0M | 419,100 | 116.0M | 3.7M | 314,700 |
| Investing Cash Flow | -54.8M | -14.8M | -140.0M | -121.0M | -7.7M | 7.6M | -22.4M | -11.6M | 14.6M | -20.0M | -3.7M | -314,700 |
| Cash From Borrowings | 345.0M | 180.0M | 88.3M | 157.0M | 55.0M | 10.0M | 124.0M | 65.0M | 41.2M | -- | -- | -- |
| Dividends And Interest Paid | 38.4M | 31.7M | 26.8M | 13.0M | 1.2M | 456,300 | 11.9M | 7.0M | 397,200 | -- | -- | -- |
| Debt Repayments | 241.0M | 56.3M | 140.0M | 113.0M | 10.0M | 71.0M | 97.5M | 53.0M | 8.2M | -- | -- | -- |
| Total Financing Cash Inflow | 362.0M | 189.0M | 88.3M | 157.0M | 493.0M | 16.0M | 225.0M | 145.0M | 41.2M | 115.0M | 26.3M | 8.4M |
| Total Financing Cash Outflow | 387.0M | 122.0M | 181.0M | 137.0M | 35.2M | 71.5M | 111.0M | 67.8M | 8.6M | 25.8M | -- | -- |
| Financing Cash Flow | -25.5M | 66.2M | -92.4M | 19.6M | 458.0M | -55.4M | 113.0M | 77.2M | 32.6M | 89.1M | 26.3M | 8.4M |
| Net Change In Cash | 264.0M | -32.2M | 7.1M | -202.0M | 352.0M | -29.6M | 152.0M | 40.1M | 20.5M | 19.3M | 3.3M | 5.3M |
| Ending Cash Balance | 600.0M | 336.0M | 369.0M | 361.0M | 564.0M | 212.0M | 242.0M | 89.3M | 49.3M | 28.7M | 9.4M | 6.1M |
| Capex | 14.8M | 4.0M | 69.0M | 132.0M | 8.2M | 3.7M | 1.5M | 4.7M | 417,100 | 5.8M | 3.7M | 314,700 |