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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 881.0M | 902.0M | 771.0M | 676.0M | 584.0M | 526.0M | 474.0M | 412.0M | 302.0M | 165.0M | 102.0M |
| Revenue Growth % | -2.3% | 17.0% | 14.1% | 15.8% | 11.0% | 11.0% | 15.0% | 36.4% | 83.0% | 61.8% | -- |
| Total Revenue | 881.0M | 902.0M | 771.0M | 676.0M | 584.0M | 526.0M | 474.0M | 412.0M | 302.0M | 165.0M | 102.0M |
| Cost Of Revenue | 701.0M | 694.0M | 604.0M | 491.0M | 357.0M | 330.0M | 288.0M | 245.0M | 179.0M | 96.7M | 64.0M |
| Gross Profit | 180.0M | 208.0M | 167.0M | 185.0M | 227.0M | 196.0M | 186.0M | 167.0M | 123.0M | 68.3M | 38.0M |
| Gross Margin % | 20.4% | 23.1% | 21.7% | 27.4% | 38.9% | 37.3% | 39.2% | 40.5% | 40.7% | 41.4% | 37.2% |
| Total Operating Cost | 980.0M | 927.0M | 852.0M | 676.0M | 496.0M | 442.0M | 393.0M | 344.0M | 253.0M | 149.0M | 107.0M |
| Selling Expenses | 106.0M | 82.0M | 82.5M | 76.4M | 50.4M | 39.2M | 34.2M | 29.6M | 21.3M | 14.2M | 11.9M |
| Admin Expenses | 55.8M | 39.3M | 36.1M | 39.9M | 29.7M | 26.7M | 25.1M | 26.9M | 20.9M | 31.1M | 25.0M |
| Rd Expenses | 61.2M | 58.0M | 59.9M | 57.9M | 46.7M | 31.5M | 30.0M | 28.1M | 21.0M | -- | -- |
| Finance Expenses | 16.3M | 11.5M | 10.9M | 424,400 | -2.2M | -1.3M | 6.8M | 2.9M | 2.3M | 4.0M | 4.1M |
| Operating Income | -93.4M | -18.8M | -76.6M | 3.6M | 94.6M | 88.5M | 84.4M | 68.1M | 50.0M | 15.7M | -5.2M |
| Operating Margin % | -10.6% | -2.1% | -9.9% | 0.5% | 16.2% | 16.8% | 17.8% | 16.5% | 16.6% | 9.5% | -5.1% |
| Non Operating Income | 1.1M | 994,700 | 2.2M | 646,500 | 4.5M | 5.7M | 2.0M | 4.1M | 1.8M | 3.5M | 740,300 |
| Non Operating Expenses | 821,800 | 255,400 | 407,300 | 484,500 | 1.7M | 310,800 | 191,500 | 408,300 | 527,700 | 380,500 | 314,200 |
| Investment Income | -4.6M | -2.3M | 1.3M | -- | -- | -- | 20,700 | 45,600 | 172,700 | 1,233 | 624.66 |
| Fair Value Change Income | -31,300 | -12,200 | -26,000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -79,900 | -- | 23,800 | 5,300 | -- | -31,900 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 7.5M | 1.8M | 5.6M | 539,500 | 1.6M | -- | 3.1M | 5.4M | 4.2M | 1.1M | 1.5M |
| Other Income | 10.7M | 7.9M | 3.5M | 4.0M | 6.9M | 4.6M | 3.2M | 54,100 | -- | -- | -- |
| Income Before Tax | -93.2M | -18.1M | -74.8M | 3.7M | 97.4M | 93.9M | 86.2M | 71.8M | 51.3M | 18.7M | -4.7M |
| Income Tax | -14.7M | -13.8M | -17.0M | -1.8M | 10.7M | 12.3M | 10.1M | 9.7M | 7.7M | 3.3M | 270,600 |
| Net Income | -78.5M | -4.3M | -57.8M | 5.5M | 86.7M | 81.6M | 76.1M | 62.0M | 43.5M | 15.4M | -5.0M |
| Net Margin % | -8.9% | -0.5% | -7.5% | 0.8% | 14.9% | 15.5% | 16.1% | 15.1% | 14.4% | 9.4% | -4.9% |
| Net Income Attributable | -76.4M | -3.2M | -58.0M | 5.5M | 86.9M | 81.7M | 76.3M | 62.1M | 43.6M | 15.5M | -5.0M |
| Minority Interest | -2.1M | -1.1M | 151,700 | -28,300 | -155,700 | -159,700 | -162,700 | -90,600 | -3,900 | -5,800 | -- |
| Eps Basic | -0.83 | -0.03 | -0.64 | 0.06 | 0.98 | 1.05 | 1.14 | 0.95 | 0.74 | 0.28 | -0.09 |
| Eps Diluted | -0.83 | -0.03 | -0.64 | 0.06 | 0.98 | 1.05 | 1.14 | 0.95 | 0.74 | 0.28 | -0.09 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 171.0M | 136.0M | 184.0M | 357.0M | 341.0M | 413.0M | 124.0M | 65.1M | 15.1M | 32.8M | 6.0M |
| Trading Financial Assets | 1.9M | 2.0M | 2.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.1B | 995.0M | 843.0M | 650.0M | 508.0M | 458.0M | 298.0M | 229.0M | 167.0M | 92.0M | 71.2M |
| Notes Receivable | 93.9M | 42.1M | 90.2M | 20.6M | 64.9M | 41.0M | 29.7M | 86.4M | 32.6M | 10.8M | 9.6M |
| Notes And Accounts Receivable | 1.2B | 1.0B | 933.0M | 670.0M | 572.0M | 499.0M | 327.0M | 316.0M | 199.0M | 103.0M | 80.7M |
| Prepayments | 5.7M | 12.0M | 12.8M | 18.7M | 15.9M | 11.7M | 4.5M | 4.9M | 8.3M | 3.1M | 1.1M |
| Inventory | 225.0M | 179.0M | 143.0M | 107.0M | 79.3M | 66.9M | 71.0M | 67.8M | 59.1M | 36.1M | 33.7M |
| Total Current Assets | 1.7B | 1.5B | 1.4B | 1.2B | 1.1B | 1.0B | 534.0M | 467.0M | 287.0M | 180.0M | 137.0M |
| Long Term Equity Investment | 4.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 220.0M | 228.0M | 89.8M | 77.9M | 53.0M | 51.5M | -- | 54.2M | 46.2M | 50.0M |
| Fixed Assets Total | 209.0M | 220.0M | 228.0M | 89.8M | 77.9M | 53.0M | 51.5M | 53.2M | 54.2M | 46.2M | 50.0M |
| Construction In Progress | -- | -- | 2.2M | 64.7M | 48.2M | 13.2M | 1.1M | -- | -- | 2.9M | 6.8M |
| Construction In Progress Total | 1.1M | -- | 2.2M | 64.7M | 48.2M | 13.2M | 1.1M | -- | -- | 2.9M | 6.8M |
| Intangible Assets | 22.0M | 23.3M | 24.5M | 24.6M | 24.3M | 24.2M | 24.1M | 12.2M | 12.5M | 12.6M | 12.8M |
| Long Term Deferred Expenses | 17.2M | 18.0M | 14.2M | 11.2M | 11.2M | 7.5M | 7.0M | 8.2M | 8.0M | 7.6M | 3.2M |
| Total Non Current Assets | 345.0M | 339.0M | 317.0M | 249.0M | 192.0M | 103.0M | 86.7M | 78.5M | 80.7M | 74.2M | 78.3M |
| Total Assets | 2.0B | 1.8B | 1.7B | 1.4B | 1.3B | 1.1B | 620.0M | 546.0M | 368.0M | 254.0M | 215.0M |
| Short Term Borrowings | 375.0M | 338.0M | 334.0M | 129.0M | 79.1M | 78.0M | 48.0M | 47.0M | 45.0M | 39.2M | 21.2M |
| Accounts Payable | 584.0M | 415.0M | 394.0M | 261.0M | 164.0M | 144.0M | 165.0M | 118.0M | 95.2M | 54.1M | 47.9M |
| Advance Receipts | -- | -- | -- | -- | -- | 204,600 | 6.1M | 3.5M | 2.4M | 927,300 | 3.0M |
| Contract Liabilities | 2.2M | 1.1M | 7.4M | 885,300 | 442,700 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.1B | 877.0M | 827.0M | 475.0M | 339.0M | 302.0M | 254.0M | 254.0M | 196.0M | 155.0M | 130.0M |
| Long Term Borrowings | -- | 10.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 60.0M | 30.0M | 10.7M | 13.9M | 19.1M | 7.7M | 9.1M | 10.2M | 11.8M | 14.0M | 15.9M |
| Total Liabilities | 1.2B | 907.0M | 837.0M | 489.0M | 358.0M | 310.0M | 263.0M | 265.0M | 207.0M | 169.0M | 146.0M |
| Paid In Capital | 91.9M | 91.9M | 90.9M | 90.9M | 90.0M | 88.9M | 66.7M | 66.7M | 60.0M | 56.0M | 56.0M |
| Capital Reserve | 609.0M | 610.0M | 590.0M | 574.0M | 527.0M | 506.0M | 151.0M | 151.0M | 99.7M | 71.7M | 71.7M |
| Surplus Reserve | 41.8M | 41.8M | 37.9M | 37.9M | 37.9M | 29.8M | 22.3M | 15.2M | 8.9M | 8.9M | 8.9M |
| Retained Earnings | 93.5M | 179.0M | 186.0M | 244.0M | 257.0M | 191.0M | 117.0M | 47.7M | -8.0M | -51.6M | -67.0M |
| Minority Equity | -1.7M | 23,900 | 1.2M | -116,600 | -88,300 | 67,400 | 31,100 | 193,800 | 39,300 | -5,800 | -- |
| Equity Attributable | 840.0M | 925.0M | 898.0M | 936.0M | 895.0M | 816.0M | 357.0M | 281.0M | 161.0M | 85.0M | 69.5M |
| Total Equity | 838.0M | 925.0M | 899.0M | 936.0M | 895.0M | 816.0M | 357.0M | 281.0M | 161.0M | 85.0M | 69.5M |
| 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 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 455.0M | 376.0M | 259.0M | 409.0M | 311.0M | 209.0M | 424.0M | 309.0M | 174.0M | 144.0M | 79.9M |
| Tax Refunds Received | 7.7M | 8.6M | 26.4M | 4.5M | 4.3M | 4.1M | 2.3M | 1.0M | 458,900 | 44,000 | 759,200 |
| Total Operating Cash Inflow | 481.0M | 408.0M | 305.0M | 417.0M | 326.0M | 222.0M | 429.0M | 312.0M | 176.0M | 149.0M | 87.6M |
| Cash Paid For Goods | 303.0M | 244.0M | 357.0M | 189.0M | 140.0M | 177.0M | 218.0M | 157.0M | 110.0M | 55.4M | 39.6M |
| Cash Paid To Employees | 149.0M | 136.0M | 115.0M | 97.2M | 77.4M | 68.1M | 62.0M | 51.2M | 36.3M | 21.5M | 15.6M |
| Taxes Paid | 40.1M | 23.7M | 53.9M | 27.7M | 28.7M | 35.8M | 40.3M | 50.1M | 27.4M | 10.3M | 8.3M |
| Total Operating Cash Outflow | 582.0M | 484.0M | 605.0M | 373.0M | 301.0M | 324.0M | 362.0M | 301.0M | 209.0M | 131.0M | 88.0M |
| Operating Cash Flow | -102.0M | -76.5M | -299.0M | 43.9M | 25.1M | -102.0M | 67.1M | 11.2M | -34.0M | 18.4M | -394,700 |
| Total Investing Cash Inflow | 184.0M | 1,350 | 142.0M | 375.0M | 508.0M | 150.0M | 12.5M | 46.7M | 81.8M | 5.0M | 4.0M |
| Total Investing Cash Outflow | 147.0M | 19.6M | 105.0M | 446.0M | 497.0M | 372.0M | 23.7M | 61.9M | 90.6M | 7.6M | 5.5M |
| Investing Cash Flow | 36.7M | -19.6M | 37.0M | -70.8M | 11.4M | -222.0M | -11.2M | -15.2M | -8.8M | -2.6M | -1.5M |
| Cash From Borrowings | 462.0M | 372.0M | 401.0M | 129.0M | 115.0M | 88.9M | 102.0M | 47.0M | 58.7M | 64.2M | 52.2M |
| Dividends And Interest Paid | 22.3M | 12.5M | 9.6M | 22.5M | 17.6M | 2.7M | 3.1M | 1.5M | 3.0M | 5.2M | 2.7M |
| Debt Repayments | 364.0M | 360.0M | 191.0M | 81.1M | 104.0M | 56.0M | 101.0M | 45.0M | 53.2M | 57.5M | 53.5M |
| Total Financing Cash Inflow | 559.0M | 387.0M | 403.0M | 144.0M | 132.0M | 485.0M | 128.0M | 122.0M | 111.0M | 73.7M | 55.1M |
| Total Financing Cash Outflow | 415.0M | 373.0M | 201.0M | 104.0M | 132.0M | 103.0M | 105.0M | 94.1M | 74.7M | 77.6M | 56.2M |
| Financing Cash Flow | 144.0M | 14.0M | 202.0M | 40.0M | 73,000 | 382.0M | 23.1M | 28.2M | 35.8M | -3.9M | -1.1M |
| Net Change In Cash | 79.1M | -82.2M | -60.3M | 12.9M | 36.0M | 59.3M | 79.0M | 23.7M | -6.9M | 11.9M | -3.0M |
| Ending Cash Balance | 157.0M | 77.5M | 160.0M | 220.0M | 207.0M | 171.0M | 112.0M | 32.8M | 9.1M | 16.0M | 4.0M |
| Capex | 5.8M | 19.6M | 62.9M | 75.7M | 96.7M | 21.6M | 11.2M | 8.2M | 7.6M | 2.6M | 1.5M |