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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 724.0M | 775.0M | 938.0M | 933.0M | 768.0M | 759.0M | 721.0M | 369.0M | 128.0M |
| Revenue Growth % | -6.6% | -17.4% | 0.5% | 21.5% | 1.2% | 5.3% | 95.4% | 188.3% | -- |
| Total Revenue | 724.0M | 775.0M | 938.0M | 933.0M | 768.0M | 759.0M | 721.0M | 369.0M | 128.0M |
| Cost Of Revenue | 579.0M | 603.0M | 643.0M | 592.0M | 458.0M | 436.0M | 443.0M | 219.0M | 79.6M |
| Gross Profit | 145.0M | 172.0M | 295.0M | 341.0M | 310.0M | 323.0M | 278.0M | 150.0M | 48.4M |
| Gross Margin % | 20.0% | 22.2% | 31.4% | 36.5% | 40.4% | 42.6% | 38.6% | 40.7% | 37.8% |
| Total Operating Cost | 701.0M | 766.0M | 798.0M | 736.0M | 570.0M | 560.0M | 546.0M | 283.0M | 114.0M |
| Selling Expenses | 21.1M | 13.8M | 24.0M | 27.2M | 18.2M | 25.0M | 21.6M | 11.5M | 5.7M |
| Admin Expenses | 48.6M | 45.7M | 51.5M | 41.6M | 31.6M | 26.9M | 23.9M | 14.5M | 13.2M |
| Rd Expenses | 50.8M | 62.1M | 56.3M | 48.8M | 46.5M | 46.4M | 40.4M | 17.5M | 8.0M |
| Finance Expenses | -16.2M | 2.6M | -9.9M | -5.0M | 2.6M | 4.6M | 4.8M | 2.2M | 1.1M |
| Operating Income | 34.7M | 26.1M | 146.0M | 204.0M | 196.0M | 217.0M | 176.0M | 86.9M | 14.0M |
| Operating Margin % | 4.8% | 3.4% | 15.6% | 21.9% | 25.5% | 28.6% | 24.4% | 23.5% | 10.9% |
| Non Operating Income | 11.5M | 2.3M | 8.1M | 7.0M | 10.2M | 4.3M | 1.2M | 849,200 | 2.3M |
| Non Operating Expenses | 574,200 | 700,100 | 857,500 | 698,100 | 646,800 | 2.1M | 740,300 | 1.8M | 374,700 |
| Investment Income | -2.0M | -2.4M | 1.3M | 5.0M | -2.3M | -- | -- | -- | -- |
| Fair Value Change Income | -- | 2.6M | 3.3M | 910,900 | -- | -- | -- | -- | -- |
| Asset Disposal Income | -49,000 | 14,400 | -1,900 | -237,300 | -- | 346,900 | -- | -- | -- |
| Asset Impairment Loss | -2.7M | 2.6M | 5.6M | 5.5M | -5.9M | 2.8M | 4.0M | 14.9M | 5.3M |
| Other Income | 13.1M | 17.1M | 806,300 | 708,600 | 832,500 | 18.1M | 1.1M | 334,700 | -- |
| Income Before Tax | 45.6M | 27.7M | 153.0M | 211.0M | 206.0M | 219.0M | 177.0M | 85.9M | 15.9M |
| Income Tax | 2.5M | -1.0M | 20.5M | 28.7M | 29.2M | 31.6M | 26.6M | 13.0M | 3.0M |
| Net Income | 43.1M | 28.8M | 133.0M | 182.0M | 177.0M | 188.0M | 150.0M | 72.9M | 12.8M |
| Net Margin % | 6.0% | 3.7% | 14.2% | 19.5% | 23.0% | 24.8% | 20.8% | 19.7% | 10.0% |
| Net Income Attributable | 39.0M | 25.5M | 120.0M | 162.0M | 154.0M | 170.0M | 139.0M | 68.7M | 12.0M |
| Minority Interest | 4.1M | 3.2M | 13.1M | 19.4M | 22.6M | 17.5M | 10.9M | 4.1M | 863,900 |
| Eps Basic | 0.30 | 0.19 | 0.92 | 1.25 | 2.37 | 2.62 | 2.14 | 1.06 | 0.21 |
| Eps Diluted | 0.30 | 0.19 | 0.90 | 1.24 | 2.37 | 2.62 | -- | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 447.0M | 678.0M | 733.0M | 544.0M | 886.0M | 78.3M | 41.5M | 10.3M | 19.0M |
| Trading Financial Assets | -- | 56.2M | 62.6M | 236.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 418.0M | 447.0M | 498.0M | 352.0M | 274.0M | 293.0M | 189.0M | 167.0M | 79.9M |
| Notes Receivable | 128.0M | 148.0M | 195.0M | 193.0M | 133.0M | 185.0M | 159.0M | 52.6M | 37.9M |
| Notes And Accounts Receivable | 546.0M | 595.0M | 694.0M | 545.0M | 407.0M | 478.0M | 348.0M | 220.0M | 118.0M |
| Prepayments | 15.4M | 23.5M | 28.0M | 16.2M | 24.7M | 17.9M | 16.8M | 9.2M | 5.4M |
| Inventory | 140.0M | 225.0M | 98.6M | 141.0M | 139.0M | 211.0M | 239.0M | 137.0M | 52.5M |
| Total Current Assets | 1.7B | 2.1B | 2.2B | 1.9B | 1.8B | 887.0M | 658.0M | 383.0M | 197.0M |
| Fixed Assets | -- | 450.0M | 419.0M | 178.0M | 192.0M | 101.0M | 66.3M | 57.9M | -- |
| Fixed Assets Total | 435.0M | 450.0M | 419.0M | 178.0M | 192.0M | 101.0M | 66.3M | 57.9M | 45.0M |
| Construction In Progress | -- | 10.6M | 28.3M | 126.0M | 1.5M | 63.6M | 12.5M | 6.0M | -- |
| Construction In Progress Total | 15.4M | 10.6M | 28.3M | 126.0M | 1.5M | 63.6M | 12.5M | 6.0M | 821,600 |
| Intangible Assets | 54.9M | 27.0M | 27.3M | 28.1M | 28.6M | 18.6M | 18.6M | 19.2M | 19.8M |
| Long Term Deferred Expenses | 2.3M | 2.5M | 988,100 | -- | -- | -- | -- | -- | 535,200 |
| Total Non Current Assets | 798.0M | 600.0M | 548.0M | 409.0M | 273.0M | 221.0M | 129.0M | 116.0M | 95.8M |
| Total Assets | 2.5B | 2.7B | 2.7B | 2.3B | 2.0B | 1.1B | 787.0M | 498.0M | 293.0M |
| Short Term Borrowings | 80.1M | 359.0M | 403.0M | -- | 28.0M | 38.1M | -- | 20.0M | 25.0M |
| Accounts Payable | 298.0M | 284.0M | 266.0M | 235.0M | 157.0M | 151.0M | 100.0M | 69.4M | 36.6M |
| Advance Receipts | 26,200 | 75,000 | 184,800 | 235,500 | -- | 142.0M | 118.0M | 46.7M | 16.7M |
| Contract Liabilities | 21.3M | 56.3M | 35.6M | 34.2M | 80.6M | -- | -- | -- | -- |
| Total Current Liabilities | 627.0M | 939.0M | 892.0M | 560.0M | 472.0M | 457.0M | 343.0M | 190.0M | 124.0M |
| Long Term Borrowings | 27.5M | -- | -- | -- | 14.9M | 22.9M | 2.0M | -- | -- |
| Total Non Current Liabilities | 41.3M | 12.4M | 15.5M | 15.6M | 31.0M | 40.5M | 20.1M | 13.9M | 9.0M |
| Total Liabilities | 668.0M | 951.0M | 907.0M | 575.0M | 503.0M | 497.0M | 363.0M | 204.0M | 133.0M |
| Paid In Capital | 131.0M | 132.0M | 132.0M | 133.0M | 86.7M | 65.0M | 65.0M | 65.0M | 60.0M |
| Capital Reserve | 855.0M | 866.0M | 881.0M | 874.0M | 887.0M | 120.0M | 120.0M | 120.0M | 65.1M |
| Surplus Reserve | 64.7M | 62.2M | 59.9M | 50.3M | 41.0M | 32.4M | 19.2M | 8.7M | 2.7M |
| Retained Earnings | 672.0M | 643.0M | 652.0M | 581.0M | 472.0M | 357.0M | 200.0M | 90.7M | 26.8M |
| Minority Equity | 93.4M | 88.7M | 89.2M | 83.2M | 58.2M | 36.3M | 20.4M | 9.4M | 5.3M |
| Equity Attributable | 1.7B | 1.7B | 1.7B | 1.6B | 1.5B | 574.0M | 404.0M | 285.0M | 155.0M |
| Total Equity | 1.8B | 1.8B | 1.8B | 1.7B | 1.5B | 611.0M | 424.0M | 294.0M | 160.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 494.0M | 708.0M | 633.0M | 746.0M | 525.0M | 465.0M | 455.0M | 105.0M | 42.5M |
| Tax Refunds Received | 6.8M | 1.6M | 8.0M | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 539.0M | 744.0M | 675.0M | 761.0M | 547.0M | 488.0M | 456.0M | 109.0M | 51.3M |
| Cash Paid For Goods | 275.0M | 432.0M | 697.0M | 493.0M | 306.0M | 243.0M | 236.0M | 84.7M | 26.9M |
| Cash Paid To Employees | 89.5M | 107.0M | 96.9M | 85.8M | 66.9M | 60.3M | 42.0M | 27.9M | 14.9M |
| Taxes Paid | 14.6M | 78.2M | 74.4M | 62.6M | 51.2M | 74.5M | 95.6M | 21.1M | 12.0M |
| Total Operating Cash Outflow | 432.0M | 661.0M | 897.0M | 682.0M | 454.0M | 429.0M | 406.0M | 148.0M | 62.9M |
| Operating Cash Flow | 107.0M | 82.2M | -222.0M | 78.7M | 93.5M | 59.3M | 50.1M | -39.2M | -11.6M |
| Total Investing Cash Inflow | 61.8M | 41.6M | 425.0M | 780.0M | 0.00 | 531,600 | 29,900 | 11,600 | -- |
| Total Investing Cash Outflow | 87.6M | 128.0M | 373.0M | 1.1B | 45.7M | 73.8M | 23.0M | 15.8M | 46.6M |
| Investing Cash Flow | -25.8M | -86.3M | 51.9M | -334.0M | -45.7M | -73.3M | -23.0M | -15.8M | -46.6M |
| Cash From Borrowings | 150.0M | 394.0M | 228.0M | -- | 28.0M | 67.9M | 2.0M | 29.0M | 29.0M |
| Dividends And Interest Paid | 14.4M | 43.3M | 50.8M | 44.4M | 23.2M | 5.6M | 17.8M | 1.1M | 761,300 |
| Debt Repayments | 387.0M | 243.0M | 20.0M | 50.9M | 44.0M | 3.0M | 20.0M | 34.0M | 11.0M |
| Total Financing Cash Inflow | 151.0M | 394.0M | 423.0M | 33.7M | 816.0M | 82.7M | 20.7M | 89.0M | 77.4M |
| Total Financing Cash Outflow | 433.0M | 492.0M | 73.6M | 95.3M | 67.2M | 42.8M | 37.8M | 38.1M | 13.9M |
| Financing Cash Flow | -282.0M | -98.0M | 349.0M | -61.7M | 749.0M | 40.0M | -17.1M | 50.9M | 63.5M |
| Net Change In Cash | -201.0M | -102.0M | 179.0M | -317.0M | 797.0M | 26.0M | 10.1M | -4.1M | 5.3M |
| Ending Cash Balance | 398.0M | 599.0M | 701.0M | 523.0M | 840.0M | 43.0M | 17.0M | 6.9M | 11.0M |
| Capex | 57.6M | 65.5M | 128.0M | 108.0M | 45.7M | 73.0M | 23.0M | 10.5M | 22.2M |